Chubb is the cheapest home insurance option for most Montana homeowners, with an average monthly savings of $414. The table shows the most affordable providers in the state.
Cheapest Home Insurance in Montana
Updated: December 4, 2025
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Key Takeaways
Chubb offers the lowest-cost home insurance in Montana, with savings up to 93%.
New homeowners and those with bad credit save most with Chubb.
High-risk fire areas also see the most affordable rates from Chubb.
What Is the Cheapest Home Insurance in Montana?
| Chubb | $85 | $1,017 | 77% |
| American Modern | $162 | $1,939 | 56% |
| State Farm | $198 | $2,376 | 46% |
| Nationwide | $200 | $2,397 | 46% |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
THE CHEAPEST COMPANY MAY NOT BE THE BEST FOR YOU
These companies offer Montana's lowest rates, but customer service and coverage options matter too. Our separate guide to the best home insurance companies in Montana covers these factors in detail.
Cheapest Montana Home Insurance Rates by Category
The lowest-vost provider depends on your home's characteristics. Chubb ranks as the cheapest but varies by home age, fire risk and credit score.
| Chubb | Older Homes | $85 |
| Chubb | Newer Homes | $71 |
| Chubb | Homes in High Risk Fire Areas | $85 |
| Chubb | Bad Credit | $85 |
*We used our methodology’s base profile to modify rates. Newer home estimates are based on a home built in 2023, high-risk fire estimates are for a policy with 8-class fire protection, and bad credit rates assume a poor credit score on the FICO scale.
Compare Personalized Cheap Montana Home Insurance
The companies listed above offer the best rates for their categories, but your actual rates depend on your specific profile. Filter below to get a personalized list of the cheapest providers for your situation.
Data filtered by:
$250K Dwelling / $125K Personal Property / $200K Liability
1000
Claim free for 5+ years
Good
Older Homes
| Chubb | $85 | $1,017 |
| American Modern | $162 | $1,939 |
| State Farm | $198 | $2,376 |
| Nationwide | $207 | $2,487 |
| Farmers | $269 | $3,228 |
Cheapest Montana Home Insurance by City
Risk factors vary by location, making some providers more affordable in certain Montana cities. Chubb offers the lowest rates in Billings at $71 per month.
| Billings | Chubb | $71 |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
How to Find the Cheapest Montana Home Insurance
You can lower your Montana home insurance costs with strategic planning. Here's how to maximize savings on your policy.
- 1Determine your coverage needs
Insurers will gladly oversell you. Know your needs before shopping to avoid paying for coverage you don't need. Learn which types matter most for your home (dwelling, personal property, liability and additional living expenses) so you don't overspend or leave gaps.
- 2Research home insurance costs
Compare home insurance costs in Montana to find rates within your budget. Ask about every available discount, as insurers won't volunteer these savings.
- 4Compare multiple companies apples to apples
Compare quotes for identical coverage to get an accurate picture. Gather quotes from at least three insurers using different methods to find the best rate.
- 5Use state-provided programs
Montana doesn't offer a state FAIR Plan program for high-risk homeowners. Private insurers provide coverage options instead.
Cheap Home Insurance in Montana: Bottom Line
Chubb, American Modern and State Farm offer Montana's lowest home insurance rates.
Montana doesn't offer state programs for denied coverage, but you'll find multiple private insurers competing for your business. Compare quotes from several companies, research costs and assess your needs before choosing a policy.
Cheapest Home Insurance in Montana: FAQ
Frequently asked questions about the cheapest home insurance in Montana:
What is the cheapest home insurance company in Montana?
Chubb offers the lowest rates for newer homes in Montana at $71 per month or $848 per year. Homeowners with older properties or higher fire protection needs should compare rates from multiple insurers, including Chubb.
How expensive is home insurance in Montana?
Montana has the 30th-highest home insurance rates in the U.S.
How much home insurance do I need?
You need enough home insurance to rebuild your home, replace your possessions and protect against local risks.
Home insurance isn't legally required, but mortgage lenders mandate sufficient dwelling coverage to replace your home after total loss. Your policy should also cover the value of your possessions and any unique or valuable items.
How We Found the Cheapest Home Insurance Companies in Montana
Montana homeowners need affordable coverage that still provides strong financial protection. We compared rates across multiple insurers to find the cheapest options for different home types and coverage levels.
Standard Montana Homeowner Profile
We gathered quotes using this base profile:
- $250,000 dwelling coverage
- $125,000 personal property coverage
- $200,000 liability coverage
- Home built in 2000
- Frame construction with a composition roof
- $1,000 all perils deductible
- Clean claims history (no claims in 5+ years)
- 3-class fire protection
Why This Profile
These coverage amounts reflect a typical Montana home. The 2000 build date avoids older construction issues while staying relevant to most homeowners. A $1,000 deductible keeps premiums low without creating excessive out-of-pocket costs after claims.
We adjusted this profile to test how home age, construction type, coverage limits and deductibles affect your rate. This shows which insurers stay affordable across different situations.
Your actual rate depends on your home characteristics, location and claims history. Compare quotes from at least three insurers to find your best rate.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like 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.