Updated: January 13, 2026
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Chubb offers the cheapest homeowners insurance in Montana, with average rates of $847 per year.
Chubb, American Modern, State Farm, USAA and Nationwide cost 36% to 82% below Montana's $4,814 average.
Bundle your home and auto insurance policies to save 10% to 25% on premiums — one of the biggest discounts Montana insurers offer.
Chubb is the cheapest home insurance company in Montana with low average rates of $847 per year. American Modern ranks second at $2,089 annually and provides coverage to all Montana residents. The five most affordable insurers save homeowners between $1,745 and $3,967 compared to the state average.
| Chubb | $71 | $847 | -82% |
| American Modern | $174 | $2,089 | -57% |
| State Farm | $199 | $2,392 | -50% |
| USAA | $228 | $2,736 | -43% |
| Nationwide | $256 | $3,069 | -36% |
*The rates above are for homeowners ages 41 to 60 with good credit and no claims history. Quotes are for a home built in 2000 insured for $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage with a $1,000 deductible.
Chubb offers the most affordable rates across all seven categories in Montana. Newer homes get the best rates at $754 annually, while larger properties cost around $1,233. Older homes average $862, and high-risk fire areas cost $950. Compare options by home age, size and location to find your best rate.
| Older Homes | Chubb | $862 |
| Newer Homes | Chubb | $754 |
| Young Homeowners | Chubb | $849 |
| Senior Homeowners | Chubb | $845 |
| High-Risk Fire Homes | Chubb | $950 |
| Smaller Homes | Chubb | $1,067 |
| Larger Homes | Chubb | $1,233 |
The cheapest company may not be your best fit. Customer service quality, coverage options and claims handling matter beyond price. Our guide to the best home insurance companies in Montana compares insurers across these factors.
The cheapest home insurance provider varies across Montana based on local risk factors that affect pricing. Chubb offers the most affordable rates in all four surveyed cities, ranging from $767 to $877 annually. Compare multiple insurers since your location determines the cheapest provider.
| Billings | Chubb | $875 |
| Bozeman | Chubb | $844 |
| Sunburst | Chubb | $767 |
| Zurich | Chubb | $877 |
For basic coverage in Montana, Chubb offers the lowest premiums at $386 annually for $100,000 dwelling, $50,000 personal property and $100,000 liability protection. Chubb also delivers the most affordable rates for mid-range and high-value homes. It is also the cheapest provider when you need premium coverage at the $1 million dwelling, $500,000 personal property and $1 million liability level.
| Chubb | $32 | $386 |
| American Modern | $84 | $1,009 |
| State Farm | $103 | $1,234 |
| Nationwide | $125 | $1,498 |
| USAA | $127 | $1,523 |
Montana homeowners can cut their insurance costs by hundreds of dollars annually through discounts, higher deductibles and smart home improvements.
Combine your home and auto insurance with the same company to save 10% to 25% on both policies. State Farm, Allstate and Progressive offer bundle discounts to Montana homeowners.
Raise your deductible to lower your annual premium, though you'll pay more out of pocket when filing a claim. Choose a deductible amount you can afford if you need to file a claim.
Montana allows insurers to use credit-based insurance scores when setting rates. Improving your credit score can save you hundreds of dollars annually on your home insurance premium.
Filing multiple claims within three years triggers rate increases. Use homeowners insurance for major losses rather than small repairs you can afford.
Contact your insurer to find all discounts you qualify for beyond bundling. Review your policy annually to add new discounts as your situation changes.
Frequently asked questions about the cheapest home insurance in Montana:
Standard homeowners insurance in Montana covers tornado damage to your dwelling and personal property. Montana isn't considered a high tornado risk area, but your policy should protect you from this type of wind damage.
Flood insurance isn't required statewide in Montana, but your mortgage lender will require it if your property is in a FEMA-designated high-risk flood zone. Standard homeowners policies don't cover flood damage. Without flood insurance, you'll pay thousands in repair costs out of pocket, even outside high-risk zones.
Replacement cost coverage pays the full amount to rebuild or replace your damaged property at today's prices. Actual cash value coverage deducts depreciation and pays based on your property's current market value. Most Montana lenders require replacement cost coverage.
You can cancel your Montana home insurance policy at any time, though your insurer may charge cancellation fees. You'll receive a prorated refund for the unused premium. Your mortgage lender requires continuous coverage; any coverage gap violates your mortgage agreement.
Our rate analysis reflects what most Montana homeowners need: standard coverage for a typical single-family home built within the past 25 years.
We collected quotes from major insurers using a consistent homeowner profile across Montana. This approach shows how each company prices the same coverage by removing variables that make direct comparisons difficult. The base profile represents the most common home insurance scenario in Montana.
Standard Coverage Profile:
For specialty scenarios like older homes, high-value properties and rural locations, we adjusted variables from this base profile while keeping other factors constant. This shows how specific characteristics affect your rate compared to the standard homeowner.
These figures are estimates based on statewide averages. Your actual premium depends on your home's location, age, construction type and your claims history. Compare quotes from at least three insurers to find your lowest rate.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
