Montana Homeowners Insurance Calculator: Free Cost Estimator (2023)

Your location has a huge impact on your home insurance costs. If you reside in an area with a high incidence of crime, natural disasters or fire, insurance companies will see you as riskier to insure and charge you higher rates.

On the other hand, if you’re living in a low-risk area in Montana, you may expect lower insurance prices.

If your house gets damaged or destroyed, your dwelling coverage pays for your rebuilding expenses. Increasing your coverage ensures you won’t pay out of pocket once you file a claim. However, that will result in higher monthly payments.

Montana’s average dwelling coverage is $250K.

Once you file a claim, you’ll need to pay a certain amount before your insurer pays the remaining expenses. This amount is called the deductible.

You can save on your monthly premiums by getting a policy with a high deductible, but you’ll pay more out of pocket if you need to use your insurance.

Liability insurance protects your property in case someone gets hurt in your house due to your negligence. This covers legal, replacement, medical, pain and death benefit expenses.

Increasing your liability coverage is relatively affordable. You can get tens of thousands of coverage for only a few extra dollars per year.

Personal property coverage protects all your belongings from damage and loss. This includes your clothing, furniture, electronics and everything else you own.

You can use the calculator below to approximate the value of your personal property.

Homeowners with low credit scores are more likely to file a claim, so insurance companies view them as riskier to insure. If you have poor credit, you can expect higher rates than someone with good credit.