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The 5 Best Homeowners Insurance Companies in Montana

When looking for the best home insurance in Montana, you should look at factors like the costs involved, the coverage options on offer, the quality of the customer service, and the company’s ability to pay claims smoothly.

To help you choose the best homeowners insurance in Montana, MoneyGeek has ranked the top five insurance providers in the state based on their policy costs, J.D. Power’s customer satisfaction scores and AM Best’s financial stability ratings.


1

USAAScore: 85

3.5/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability


USAA is known for providing excellent support across the board with generally affordable rates. You can avail discounts for policy bundles and opt for identity theft coverage with their policies. Viewing and making claims is easy with their mobile app.

2

TravelersScore: 79

3.5/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability


With a Travelers policy, you can get coverage for dwellings, personal property, liability protection and medical coverage for guests. If your home is a certified “green home” the policy can also cover repairing, rebuilding or replacing your home with “green” materials. Customers can make claims and pay bills online and use the mobile app for most transactions.

Read MoneyGeek's Travelers Home Insurance Review

3

FarmersScore: 75

3.2/5

Affordability

4.6/5

User Satisfaction

4/5

Financial Stability


Farmers offers customized solutions for customers in Montana with discounts for multi-policy bundles. Coverage can include eco rebuild, personal property and identity protection. Quotes can be easily obtained online and the mobile app allows for convenient online claim filing and bill payments.

Read MoneyGeek's Farmers Home Insurance Review

4

State FarmScore: 74

3/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability


State Farm offers a wide range of plans covering dwellings, personal property, liability and medical payments for guests. Safety upgrades and energy efficiency upgrades can also be included. You can use the website or mobile app for online quotes or making claims.

Read MoneyGeek's State Farm Home Insurance Review

5

AllstateScore: 74

3.1/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability


Allstate offers personalized services in Montana through its extensive network of local agents. You can choose between standard or extended coverage and add liability protection, personal property coverage and discount for multiple policies and safe homes. Technology features include a mobile app, a claims tool and support for filing claims and paying bills online.

Read MoneyGeek's Allstate Home Insurance Review

What Is the Average Cost of Homeowners Insurance in Montana?

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home insurance is 0.0% more than the average.

Montana’s average cost of home insurance for a dwelling coverage baseline amount of $250,000 comes to $2,595 per year. This average is about 23.4% higher than the national average, costing about $492 extra on average. While calculating individual customers’ risk profiles, providers will consider factors like regional crime rates, weather conditions and vulnerability to natural disasters.

Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in Montana

Your home insurance cost in Montana can depend on individual circumstances and other factors relevant to the area. Your dwelling value, age, roof quality, claim frequency, and proximity to a local fire department can all figure into your final costs.

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Home Insurance Calculator

State

Montana

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$150,000

Credit Score

Excellent
moneygeek-logo

low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

The Cheapest Homeowners Insurance Quotes in Montana

If you want cheap home insurance in Montana, Chubb’s policy might be your most affordable option. With a Chubb policy, homeowners pay an average annual premium of $1,092 for a baseline dwelling coverage amount of $250,000. This rate comes out about $1,503 or 57.9% cheaper than the state average. Dwelling coverage takes care of the costs of repairing or rebuilding your home if it gets damaged by specific situations covered in the policy like fire, theft, hurricanes or floods. Compare homeowners insurance quotes from multiple providers to find the best option for you.

Cheapest Homeowners Insurance by Dwelling Coverage

Dwelling Coverage:

$250,000
Company
Amountper year
1. Chubb
In 2020, Chubb ranked #1 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Montana.
$1,092
2. Travelers
In 2020, Travelers ranked #2 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Montana.
$2,600
3. USAA
In 2020, USAA ranked #3 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Montana.
$2,639
4. Farmers
In 2020, Farmers ranked #4 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Montana.
$3,002
5. Allstate
In 2020, Allstate ranked #5 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Montana.
$3,064

Best Cheap Homeowners Insurance Companies for Expensive Homes

If you own an expensive home, it can make sense to purchase Montana’s best home insurance for peace of mind. Chubb offers the most affordable coverage for $2 million homes in Montana, with an average premium of $5,753 per year. Similar policies from other providers can cost four times as much, so you can likely save money by comparing quotes.

Cheapest Homeowners Insurance Companies for High-Value Homes
Company
Amountper year
1. Chubb
In 2020, Chubb ranked #1 in Montana for the cheapest homeowners insurance for high-value homes.
$5,753
2. USAA
In 2020, USAA ranked #2 in Montana for the cheapest homeowners insurance for high-value homes.
$6,540
3. Farmers
In 2020, Farmers ranked #3 in Montana for the cheapest homeowners insurance for high-value homes.
$10,403
4. Allstate
In 2020, Allstate ranked #4 in Montana for the cheapest homeowners insurance for high-value homes.
$13,065
5. State Farm
In 2020, State Farm ranked #5 in Montana for the cheapest homeowners insurance for high-value homes.
$18,683

Best Homeowners Insurance Companies if You Have a Pool

If you have a pool attached to your home in Montana, you need more coverage and your premium might increase. For an average dwelling cost of $250,000, insurance rates for homes with pools can vary across providers. The most affordable offering comes from Chubb, with an average annual cost of $1,092.

Cheapest Homeowners Insurance for Pool Home
Company
Amountper year
1. Chubb
In 2020, Chubb ranked #1 in Montana for the cheapest homeowners insurance for homes with a pool.
$1,092
2. USAA
In 2020, USAA ranked #2 in Montana for the cheapest homeowners insurance for homes with a pool.
$2,639
3. Travelers
In 2020, Travelers ranked #3 in Montana for the cheapest homeowners insurance for homes with a pool.
$2,874
4. Allstate
In 2020, Allstate ranked #4 in Montana for the cheapest homeowners insurance for homes with a pool.
$2,899
5. Farmers
In 2020, Farmers ranked #5 in Montana for the cheapest homeowners insurance for homes with a pool.
$3,025

Cheapest Home Insurance in Montana if You Have Poor Credit

Your credit score can be an important criterion for insurance providers while determining insurance costs in Montana. You might save on premiums by improving your credit score while having a poor credit score can make premiums more expensive. If you have poor credit, the cheapest policy you can find in Montana comes from Chubb. A Chubb policy for a baseline dwelling coverage amount of $250,000 can cost you an average of $1,092 per year.

Cheapest Homeowners Insurance for Poor Credit
Company
Amountper year
1. Chubb
In 2020, Chubb ranked #1 for the cheapest homeowners insurance for owners with poor credit in Montana.
$1,092
2. Travelers
In 2020, Travelers ranked #2 for the cheapest homeowners insurance for owners with poor credit in Montana.
$4,566
3. Allstate
In 2020, Allstate ranked #3 for the cheapest homeowners insurance for owners with poor credit in Montana.
$5,501
4. USAA
In 2020, USAA ranked #4 for the cheapest homeowners insurance for owners with poor credit in Montana.
$5,655
5. State Farm
In 2020, State Farm ranked #5 for the cheapest homeowners insurance for owners with poor credit in Montana.
$7,144

How to Get Homeowners Insurance Quotes in Montana

If you are looking for home insurance in Montana, you would have to furnish your provider with relevant information like your name, home address, phone number and social security number. You would also need to disclose the value of your home and its contents along with the details of construction, security systems and valuables. Your provider will use these details to give you a personalized quote for your premium.

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Other Considerations for Homeowners Insurance in Montana

Insurance companies can consider several other factors like weather risks and crime rates while deciding on your annual home insurance costs. For example, Montana ranked 18th in the country for property crime rate with 3,974 violent crimes and 26,518 property crimes, according to a 2018 FBI study. Montana ranks 18th with a typical average cost of $277,801 per home in terms of home value.

Living in Montana can also expose you to risks associated with hazardous weather conditions. It is good to be prepared for emergencies by understanding your risk potential and selecting your policy’s relevant insurance coverage.


Do You Need Fire Insurance in Montana?This is an icon

In terms of the percentage of properties at risk, Montana is at the top of the states’ listed as having a high-to-extreme wildfire risk. About 137,800 properties, or 29% of all properties, are considered to be at risk. This rate means that having fire safety measures at home and the appropriate insurance coverage can be a great idea in Montana.

Do You Need Flood Insurance in Montana?This is an icon

A large number of Montana homes can also be vulnerable to flood damage. About 14.2% or 122,600 properties in total can be considered to be at risk. Some companies might not provide flood coverage. You can look into a government-run National Flood Insurance Program (NFIP) if your community qualifies. For a greater average amount, consider buying an incremental private policy.

Methodology

MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in Montana that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Montana. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.

Sources