Cheapest Homeowners Insurance in Montana (2024 Rates)


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Updated: May 22, 2024

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Homeowners in Montana have access to a range of cost-effective home insurance options. Chubb offers the most affordable rates overall, whether you have a high-value home or need coverage for a new property. It's also the cheapest for homeowners with poor credit scores. For bundled insurance packages, State Farm offers the best rates in Montana.

Why Trust MoneyGeek? MoneyGeek used information from the Montana Department of Insurance and Quadrant Information Services to obtain data on insurance rates, discounts and more.

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These rates reflect the cheapest home insurance quotes in Arizona as of 2024.

Overall Cheapest Homeowners Insurance in Montana

In Montana, the most reasonably priced choice for $100K in dwelling coverage is Chubb, with an annual premium of just $567. Remember, rates can vary greatly based on dwelling coverage. Chubb is also the cheapest company for other coverage amounts:

  • Cheapest for $100,000: Chubb at $567 per year
  • Cheapest for $250,000: Chubb at $1,207 per year
  • Cheapest for $500,000: Chubb at $2,012 per year

Compare costs with different dwelling coverages using MoneyGeek's cheap home insurance table below.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
ChubbAnnual Premium$567
American ModernAnnual Premium$803
NationwideAnnual Premium$845
State FarmAnnual Premium$1,234
AllstateAnnual Premium$1,666
FarmersAnnual Premium$1,856
TravelersAnnual Premium$9,504

Compare Montana Home Insurance Quotes Online

In Montana, getting quotes from different insurers will help you find low-cost home insurance. MoneyGeek’s home insurance calculator is a convenient way to get Montana quotes without the need for upfront personal information.

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Rates updated:

Jul 13, 2024

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Cheapest Home Insurance in Montana for High-Value Homes

For high-value homes in Montana, Chubb offers the most economical home insurance, with an annual premium of $2,828 for $750K in dwelling coverage. High-value homes usually come with a higher premium as they cost more to rebuild or repair and require higher coverage limits.

The lowest rates for different coverage values are from:

  • Cheapest for $750,000: Chubb at $2,828 per year
  • Cheapest for $1,000,000: Chubb at $3,652 per year

Homeowners should consider purchasing dwelling coverage at the home's replacement cost, not its property value. Check out the table below to see how costs vary by dwelling coverage.

Data filtered by:Results filtered by:
Coverages:
Coverages:$750K Dwelling / $375K Personal Property / $500K Liability
Construction Year:
Construction Year:2000
ChubbAnnual Premium$2,828
American ModernAnnual Premium$4,520
AllstateAnnual Premium$4,994
State FarmAnnual Premium$5,110
NationwideAnnual Premium$5,208
FarmersAnnual Premium$6,494
TravelersAnnual Premium$28,659

Cheapest Home Insurance in Montana for New Homes

The most affordable home insurance for new homes in Montana with $100K in dwelling coverage is from Nationwide, with an annual premium of $356. Newer homes in Montana tend to have cheaper insurance as they are less susceptible to damage thanks to their modern construction standards and newly installed systems.

Here are the cheapest options for different levels of dwelling coverage:

  • Cheapest for $100,000: Nationwide at $356 per year
  • Cheapest for $250,000: Nationwide at $639 per year
  • Cheapest for $500,000: Nationwide at $1,172 per year

To see how costs vary for a newly constructed home by dwelling coverage, consult the table below.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
NationwideAnnual Premium$356
ChubbAnnual Premium$473
American ModernAnnual Premium$728
State FarmAnnual Premium$740
AllstateAnnual Premium$1,020
FarmersAnnual Premium$1,376
TravelersAnnual Premium$3,472

Cheapest Home Insurance in Montana for Low Credit Scores

In Montana, Chubb offers the most affordable home insurance for $100K in dwelling coverage for those with poor credit. Your credit score significantly affects home insurance rates as insurers use it to assess the risk of a policyholder not meeting payments. The cheapest providers for Montana homeowners with poor credit scores are:

  • Cheapest for $100,000: Chubb at $567 per year
  • Cheapest for $250,000: Chubb at $1,207 per year
  • Cheapest for $500,000: Chubb at $2,012 per year

A poor credit score can significantly increase the average cost of home insurance — those with poor credit pay an average of $7,125 annually for $100K in dwelling coverage, while those with good credit pay $2,354 annually.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
ChubbAnnual Premium$567
NationwideAnnual Premium$1,235
American ModernAnnual Premium$1,363
AllstateAnnual Premium$2,993
State FarmAnnual Premium$3,254
FarmersAnnual Premium$8,486
TravelersAnnual Premium$31,976

Cheapest Home Insurance in Montana With a Claims History

The most affordable home insurance company in Montana for owners with one recent claim is Chubb. Having a claim history can lead to higher future premiums.

Here are the annual rates for Chubb:

  • Cheapest for $100,000: Chubb at $567 per year
  • Cheapest for $250,000: Chubb at $1,207 per year
  • Cheapest for $500,000: Chubb at $2,012 per year

Homeowners in Montana with two claims in the past five years pay $492 more than those with no claims. Aim for a clean claims record to keep insurance costs low.

Data filtered by:Results filtered by:
Claims History:
Claims History:1 claim in past 5 years
Construction Year:
Construction Year:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
ChubbAnnual Premium$567
American ModernAnnual Premium$883
NationwideAnnual Premium$1,169
State FarmAnnual Premium$1,408
AllstateAnnual Premium$2,007
FarmersAnnual Premium$2,120
TravelersAnnual Premium$10,848

Cheapest Home Insurance in Montana by Home and Roof Materials

The type of construction and roofing materials of your home directly influence the cost of your home insurance. In Montana, if your home is a "frame" construction type with a shake-treated roof, the most affordable home insurance premium is offered by Chubb with an annual fee of $567. The type of construction and roofing materials influence insurance costs based on their susceptibility to damage.

Here are the cheapest insurance providers in Montana by dwelling coverage:

  • Cheapest for $100,000: Chubb at $567 per year
  • Cheapest for $250,000: Chubb at $1,207 per year
  • Cheapest for $500,000: Chubb at $2,012 per year

Comparatively, homes with a superior construction and tile roofs can cost an average of $580 less to insure annually due to their excellent resistance to damage. As a Montana resident, improving your home's materials could help you reduce your insurance premiums.

Data filtered by:Results filtered by:
Home Construction Type:
Home Construction Type:Frame
Roof Material:
Roof Material:Shake-Treated
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
ChubbAnnual Premium$567
American ModernAnnual Premium$803
NationwideAnnual Premium$998
State FarmAnnual Premium$1,234
AllstateAnnual Premium$1,955
FarmersAnnual Premium$2,014
TravelersAnnual Premium$10,841

Cheapest Home Insurance in Montana by Deductible

Modifying your deductible can potentially save you hundreds each year. For instance, in Montana, the cheapest home insurance policy with a $2,000 deductible is from Chubb, priced at $453 annually. The most affordable coverage for a $500 deductible is also from Chubb, with a yearly rate of $645.

For identical dwelling coverage, across all deductible levels, Chubb offers the best rates:

  • $2000 deductible: Chubb at $453 per year
  • $1500 deductible: Chubb at $567 per year
  • $1000 deductible: Chubb at $567 per year
  • $500 deductible: Chubb at $645 per year

Your deductible is what you pay before your insurer takes over. On average, a $500 deductible is $424 more expensive annually than a $2,000 one.

Data filtered by:Results filtered by:
Deductible:
Deductible:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
ChubbAnnual Premium$453
NationwideAnnual Premium$692
American ModernAnnual Premium$743
State FarmAnnual Premium$1,137
AllstateAnnual Premium$1,461
FarmersAnnual Premium$1,817
TravelersAnnual Premium$8,283

Cheapest Home and Auto Insurance Bundle in Montana

Montana's most affordable home and auto bundle policy is from State Farm, offering an annual premium of $2,635. You can get significant savings by bundling your insurance policies with the same provider.

  • State Farm at $2,635 per year
  • Nationwide at $3,193 per year

With bundling, managing different policies becomes easier as you interact with just one insurer. This simplifies communication and provides a streamlined insurance experience. Learn more about the best Montana insurance bundle to maximize these benefits.

State FarmAnnual Premium$2,635
NationwideAnnual Premium$3,193
AllstateAnnual Premium$3,718
FarmersAnnual Premium$4,058
KemperAnnual Premium$4,201

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.