Cheapest Car Insurance in Montana (June 2024)


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Updated: June 14, 2024

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State Farm is the cheapest company for the average driver looking for minimum coverage. MoneyGeek also found that Progressive and Nationwide were the best options for other driver types in Montana.

MoneyGeek ranked the best insurance companies in Montana for drivers who want to compare insurers by affordability and service quality.

Why Trust MoneyGeek? Montana car insurance rates provided here are based on a thorough analysis of data, coupled with information from the Montana Department of Insurance and Quadrant Information Services.

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These rates reflect the cheapest car insurance quotes in Montana as of June 2024.

11,976Quotes Analyzed
 
8Companies Compared
 
12ZIP Codes

Cheapest Minimum Liability Car Insurance in Montana (June 2024)

The cheapest car insurance meets at least the minimum coverage requirements. The companies offering the most affordable minimum car insurance in Montana are:

  • State Farm: $135 per year
  • Nationwide: $181 per year

The most expensive company is Allstate, with policies that cost $643 per year.

The minimum coverage policy only covers bodily injury liability and property damage liability.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
State FarmAnnual Premium$135Monthly Premium$11
NationwideAnnual Premium$181Monthly Premium$15
GEICOAnnual Premium$371Monthly Premium$31
FarmersAnnual Premium$377Monthly Premium$31
ProgressiveAnnual Premium$411Monthly Premium$34
KemperAnnual Premium$564Monthly Premium$47
AllstateAnnual Premium$643Monthly Premium$54

A minimum coverage policy covers damages and injuries inflicted on other drivers and their vehicles in an accident. This coverage does not include your vehicle.

To ensure that you have coverage that will pay for the cost of damages to your car, you’ll want to purchase a full coverage policy with comprehensive and collision insurance.

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Find the Best Car Insurance in Montana for You

 

Your preferred insurer and insurance requirements will have the most impact on the cost of your car insurance policy. In the table above, drivers can check out the difference in rates for a minimum coverage policy in Montana.

Learn more about how much car insurance you need when shopping for policies in Montana.

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MoneyGeek analyzed the best auto insurance companies in Montana based on service and cost.

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MoneyGeek analyzed the average cost of car insurance in Montana for different driver profiles and other factors.

Cheapest Full Coverage Car Insurance in Montana (June 2024)

In Montana, the following companies provide the cheapest car insurance for drivers:

  • State Farm: $561 per year
  • Nationwide: $658 per year

At approximately $1,559 per year, Kemper has the least affordable policy for Montana drivers.

Adding a comprehensive and collision insurance to your policy increases your yearly premium. State Farm, for instance, charges around $426 dollars more for full coverage than its minimum coverage.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$561Monthly Premium$47
NationwideAnnual Premium$658Monthly Premium$55
FarmersAnnual Premium$1,031Monthly Premium$86
AllstateAnnual Premium$1,200Monthly Premium$100
ProgressiveAnnual Premium$1,204Monthly Premium$100
GEICOAnnual Premium$1,341Monthly Premium$112
KemperAnnual Premium$1,559Monthly Premium$130

How much car insurance you need will greatly affect your car insurance rate. MoneyGeek’s recommendations for a full coverage policy specifically have the following liability protection:

  • $100,000 in bodily injury liability per person
  • $300,000 in bodily injury liability per accident
  • $100,000 in property damage liability per accident

The above amounts are the coverage limits that we think are sufficient for average drivers. To save on premiums, you can opt for lower liability limits by dropping the comprehensive and collision insurance or raising the deductible. However, doing so risks having insufficient coverage in an accident.

How to Compare Cheap Montana Car Insurance Quotes Online

Many insurers allow prospective drivers to see their rates online. However, it can take up to 15 minutes to see just one sample quote, and you will still have to check quotes across multiple websites to compare your options.

MoneyGeek’s insurance calculator is a useful tool for checking your rates. Our free tool gives you a quick estimate of your auto insurance without you having to provide any personal information. MoneyGeek estimates can be a great starting point when comparing companies and finding the cheapest insurance rates for your profile.

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Rates updated:

Jul 15, 2024

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Cheapest Car Insurance in Montana by Age (June 2024)

Age is one of the biggest factors affecting car insurance rates in Montana. Across the board, Progressive, State Farm, and State Farm offer the cheapest options for teens, young adults, and seniors, respectively.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: Progressive
Cheapest for young adults: State Farm
Cheapest for seniors: State Farm

Cheapest Car Insurance in Montana for Teens and Their Families (June 2024)

The cheapest full coverage car insurance companies in Montana for teens are:

  • Progressive: $1,601 per year for male and female teens
  • Allstate: $1,740 per year for male and female teens

Kemper is the most expensive company for teens, offering full coverage at $7,535 per year.

As the teen policyholder gets older, his car insurance rates significantly decrease. The cheapest car insurance provider for 19-year-old males in Montana is Progressive ($1,206).

Montana teen drivers pay around $6,100 for car insurance per year, but being included in their family’s policy costs only approximately $2,899 per year. This gives as much as $3,201 in savings each year if teens join a family policy instead of buying their own.

Data filtered by:Results filtered by:
Gender:
Gender:Female
Age:
Age:16
ProgressiveFamily Plan Annual Premium$1,601Individual Plan Annual Premium$3,500
AllstateFamily Plan Annual Premium$1,740Individual Plan Annual Premium$6,800
State FarmFamily Plan Annual Premium$1,881Individual Plan Annual Premium$2,380
NationwideFamily Plan Annual Premium$1,983Individual Plan Annual Premium$5,357
GEICOFamily Plan Annual Premium$2,611Individual Plan Annual Premium$6,739
FarmersFamily Plan Annual Premium$2,941Individual Plan Annual Premium$8,261
KemperFamily Plan Annual Premium$7,535Individual Plan Annual Premium$9,667
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MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. This rate difference is not as notable when drivers reach their 20s and beyond.Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Families looking to save on car insurance may be able to get discounts for young drivers. Progressive and State Farm offer both distant student discounts and good student discounts for young drivers.

Cheapest Car Insurance in Montana for Young Adults (June 2024)

The following companies offer the cheapest full coverage car insurance in Montana for 25-year-old drivers:

  • State Farm: $618 per year
  • Nationwide: $785 per year

Kemper offers the most expensive policies at $2,109 per year.

In Montana, drivers in their 20s pay on average $199 more for car insurance than middle-aged drivers.

Data filtered by:Results filtered by:
Age Group:
Age Group:22-29
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$618Monthly Premium$51
NationwideAnnual Premium$785Monthly Premium$65
FarmersAnnual Premium$1,220Monthly Premium$102
AllstateAnnual Premium$1,275Monthly Premium$106
ProgressiveAnnual Premium$1,470Monthly Premium$122
GEICOAnnual Premium$1,470Monthly Premium$123
KemperAnnual Premium$2,109Monthly Premium$176

Cheapest Car Insurance in Montana for Seniors (June 2024)

For senior drivers, the cheapest full coverage car insurance companies in Montana are the following:

  • State Farm: $497 per year
  • Nationwide: $566 per year

The most expensive company is GEICO, which sells policies at an average of $1,411 per year.

Insurance for a 65-year-old driver is, on average, $71 cheaper than a similar policy for a 40-year-old driver. Car insurance awaits tend to increase as drivers reach the age of 70, as they pose a higher risk on the road.

Data filtered by:Results filtered by:
Age Group:
Age Group:60 +
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$497Monthly Premium$41
NationwideAnnual Premium$566Monthly Premium$47
FarmersAnnual Premium$943Monthly Premium$79
ProgressiveAnnual Premium$1,100Monthly Premium$92
AllstateAnnual Premium$1,213Monthly Premium$101
KemperAnnual Premium$1,323Monthly Premium$110
GEICOAnnual Premium$1,411Monthly Premium$118

Seniors looking to save on car insurance can get discounts with certain insurers. Based on MoneyGeek’s gathered data, Allstate, Farmers, GEICO and Kemper offer discounts for senior drivers.

Comparing multiple insurers to see which is cheapest for you is essential, as many factors besides age are used in rating individual policies.

Cheapest Car Insurance for Higher Risk Drivers (June 2024)

  • State Farm: $606 per year
  • Nationwide: $841 per year

A State Farm policy costing approximately $606 a year is the most expensive for Maryland drivers with a DUI. If you have a DUI on your record, your annual premium can increase by about $681.

Nationwide is the most affordable provider for drivers with low credit. State Farm is the cheapest provider for drivers with a sports car.

CHEAPEST FOR HIGHER RISK DRIVERS

Cheapest after a ticket: State Farm ($606 per year)
Cheapest after an accident: State Farm ($648 per year)
Cheapest after a DUI: State Farm ($606 per year)
Cheapest for poor credit: Nationwide ($841 per year)
Cheapest for sports cars: State Farm ($706 per year)

Cheapest Car Insurance in Montana After a Ticket

The following insurance providers offer full coverage policies at lower rates to Montana motorists with tickets:

  • State Farm: $606 per year
  • Nationwide: $827 per year

The most expensive auto insurance comes from Kemper and runs roughly $1,808 per year. A speeding ticket in Montana can boost your insurance premiums by an average of $188 per year.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$606Monthly Premium$51
NationwideAnnual Premium$827Monthly Premium$69
FarmersAnnual Premium$1,085Monthly Premium$90
AllstateAnnual Premium$1,358Monthly Premium$113
GEICOAnnual Premium$1,578Monthly Premium$132
ProgressiveAnnual Premium$1,603Monthly Premium$134
KemperAnnual Premium$1,808Monthly Premium$151

Cheapest Car Insurance in Montana After an Accident

The cheapest car insurance companies in Montana for drivers with an at-fault accident are:

  • State Farm: $648 per year
  • Nationwide: $1,084 per year

The most expensive company is Kemper offering policies at $2,168 per year. Drivers with an at-fault accident on their record might see their premiums increase by $531 on average.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$648Monthly Premium$54
NationwideAnnual Premium$1,084Monthly Premium$90
FarmersAnnual Premium$1,550Monthly Premium$129
AllstateAnnual Premium$1,731Monthly Premium$144
ProgressiveAnnual Premium$1,960Monthly Premium$163
GEICOAnnual Premium$2,126Monthly Premium$177
KemperAnnual Premium$2,168Monthly Premium$181

Cheapest Car Insurance in Montana After a DUI

In Montana, MoneyGeek found that the cheapest car insurance companies for drivers with a DUI are:

  • State Farm: $606 per year
  • Nationwide: $1,364 per year

The most expensive company is GEICO, with policies costing around $4,029 per year. Drivers with DUIs in Montana generally pay $668 more in insurance premiums.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$606Monthly Premium$51
NationwideAnnual Premium$1,364Monthly Premium$114
ProgressiveAnnual Premium$1,436Monthly Premium$120
FarmersAnnual Premium$1,484Monthly Premium$124
KemperAnnual Premium$1,634Monthly Premium$136
AllstateAnnual Premium$1,678Monthly Premium$140
GEICOAnnual Premium$4,029Monthly Premium$336

Cheapest Car Insurance in Montana for Drivers With Poor Credit (June 2024)

MoneyGeek found that the cheapest car insurance companies in Montana for drivers with poor credit are:

  • Nationwide: $841 per year
  • State Farm: $1,217 per year

GEICO offers the most expensive full coverage to drivers with poor credit at $2,147 annually. Drivers with poor credit pay $604 more in car insurance premiums.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
NationwideAnnual Premium$841Monthly Premium$70
State FarmAnnual Premium$1,217Monthly Premium$101
FarmersAnnual Premium$1,650Monthly Premium$137
KemperAnnual Premium$1,913Monthly Premium$159
AllstateAnnual Premium$1,945Monthly Premium$162
ProgressiveAnnual Premium$2,063Monthly Premium$172
GEICOAnnual Premium$2,147Monthly Premium$179

Insurers have determined that having a lower credit score indicates your likelihood of filing claims, making you riskier to insure than drivers with good credit ratings. As a result, drivers with poor credit are charged higher premiums.

Improving your credit score could help with car insurance rates. However, suppose you need to save money in the short term. In that case, the best way to find affordable insurers is by comparing offers and taking advantage of discounts like bundling and having car safety features.

Cheapest Car Insurance in Montana for Sports Cars (June 2024)

Owning a sports car will likely mean paying a higher car insurance premium. We found that the cheapest car insurance companies for drivers in Montana with a sports car are:

  • State Farm: $706 per year
  • Nationwide: $795 per year

The most expensive insurer is Kemper at $1,881 per year.

Drivers of a Ford Mustang in Montana pay $1,345 on average, which is $228 more expensive than a driver of a Toyota Camry.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$706Monthly Premium$59
NationwideAnnual Premium$795Monthly Premium$66
FarmersAnnual Premium$1,039Monthly Premium$87
AllstateAnnual Premium$1,283Monthly Premium$107
ProgressiveAnnual Premium$1,588Monthly Premium$132
GEICOAnnual Premium$1,861Monthly Premium$155
KemperAnnual Premium$1,881Monthly Premium$157

Although we used the Ford Mustang in our example, remember that costs can vary greatly based on your car model. Luxury, electric and sports cars are much more expensive than standard model types. Insurance for these types of cars varies by state..

Cheapest Car Insurance in Montana for Military Drivers (June 2024)

We found that the cheapest car insurance company in Montana for active duty or military veterans is State Farm, which costs $561 for a full coverage policy.

USAA is the third cheapest at $702 annually. Its policies and discounts are tailored to military members and their families across all the states.

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MoneyGeek Top Pick
State Farm
  • Annual premium: $561

  • Cheapest rank: First out of eight

State Farm in Montana does not offer a military discount; however, it is still the cheapest in the state for car insurance.

Cheapest Car Insurance in Montana by City

Car insurance can vary widely depending on where in Montana you live. In Billings, full coverage costs $754 from State Farm.

BillingsCheapest CompanyState FarmAnnual Premium$754

Car Insurance in Montana: What You Need to Know

Most states, like Montana, require drivers to carry bodily injury liability and property damage liability. For drivers that don't own the vehicle they are driving, they are still required to carry a certain insurance alternative. In the sections below, learn about Montana's minimum car insurance requirements and the recommended liability coverage that ensures your protection.

Montana Car Insurance Requirements

In Montana, you only need to buy minimum car insurance containing bodily injury and property damage liability coverage to drive legally.

Although only meeting the minimum car insurance requirements is usually the cheapest way to save on your premiums, it offers the least protection if you’re in an accident. To ensure that you are covered, MoneyGeek recommends buying enough liability coverage.

After repeated driving violations, Montana also requires getting SR-22 insurance, which will likely increase your insurance premium.

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    Bodily Injury Liability

    Minimum car insurance laws in Montana require drivers to have at least $25,000 bodily injury liability per person and $50,000 bodily injury liability per accident. This minimum requirement is an estimate, meaning you are more likely to need higher coverage to ensure full protection.

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    Property Damage Liability

    Similarly, drivers in Montana need at least $20,000 for property damage liability, which pays for the damages caused to another person’s vehicle.

Based on MoneyGeek’s estimate, when getting car insurance, it is ideal to obtain $100,000 in bodily injury liability insurance per accident and the same amount for property damage insurance per accident.

For newly-purchased or financed vehicles, you will likely need comprehensive and collision insurance, which protects any damages done to your car by non-collision and collision events, respectively.

Even if you are generally considered a safe driver with no known violations, having a high-value car is another reason to consider buying comprehensive and collision insurance.

Car Insurance Alternatives in Montana

If you are without a vehicle or frequently use car-sharing services, you can secure your non-owner car insurance in Montana as an alternative to regular car insurance. This type of insurance is required for non-owner vehicle drivers when filing an SR-22 to get their license reinstated after a violation.

You can also visit Montana’s Motor Vehicle Division for appointment scheduling and online renewal.

FAQ: Car Insurance in Montana

In the following sections, MoneyGeek answers your questions regarding the cost and quality of car insurance in Montana.

Which company offers the cheapest car insurance in Montana?
Should you buy the cheapest car insurance available in Montana?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.