State Farm offers the best life insurance in Montana and across the country, earning a MoneyGeek score of 99 out of 100 for customer service, affordability, and coverage options. We also recommend GEICO, Haven, Nationwide and Mutual of Omaha as some of the best affordable alternatives.
Best Life Insurance Companies in Montana (June 2025)
Updated: June 8, 2025
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Key Takeaways
While life insurance rates are consistent across the nation, top providers for Montana include State Farm, GEICO, Haven, Nationwide and Mutual of Omaha.
GEICO offers the most affordable life insurance in both Montana and nationwide, with monthly rates starting at $3.
To find the best coverage, decide on your needs first, research costs and companies, and compare multiple providers.
Best Life Insurance Providers in Montana
| State Farm | 99 | $5 |
| GEICO | 98 | $3 |
| Haven | 97 | $5 |
| Nationwide | 97 | $4 |
| Mutual of Omaha | 96 | $4 |
*Rates presented are for coverage levels between $250-$500K for a 20 year term life insurance plan for a 40-year-old man in good health who does not smoke.
Best Life Insurance in Montana by Category
While the leading life insurance provider in Montana suits most people, your best choice might differ based on your personal needs. Below, we explore top providers tailored for common profiles.
| Young Adults | Farmers | $2 |
| Seniors | GEICO | $21 |
| Smokers | Bestow | $11 |
| High Coverage | Farmers | $17 |
Compare Personalized Best Montana Life Insurance Picks
To help you find the best life insurance fit, we've added a filterable table below, making it easy to tailor recommendations to your unique profile.
Data filtered by:Results filtered by:
Select
Age:41-50
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Gender:M
Select
Coverage Level:250k-500k
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Term:10
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Health Level:Excellent
| State Farm | 99 | $6 |
| GEICO | 98 | $4 |
| Haven | 97 | $9 |
| Nationwide | 97 | $4 |
| Mutual of Omaha | 96 | $5 |
| Protective | 95 | $6 |
| Prudential | 94 | $6 |
| AAA | 92 | $5 |
| Allstate | 92 | $5 |
| Transamerica | 90 | $4 |
Rates in this table differ from the main comparison due to the broader age range (41 to 50 vs. 40) and flexible term selection rather than a fixed 20-year term.
How to Find the Best Life Insurance in Montana
Below, we offer tips to help you find the right life insurance plan in Montana.
- 1
Decide coverage beforehand
Determining how much life insurance you need is essential before purchasing, so you can compare prices fairly and avoid being oversold by agents.
- 2
Research costs for your profile
Checking average life insurance costs for your coverage level and personal profile helps you assess whether you’re getting a good deal. It's important to note that in most cases, your location doesn't impact your life insurance rates.
- 3
Compare company reputations
Rates typically don’t vary by state, but understanding a company’s reputation in your area can help you find a better fit. Use resources like J.D. Power, online forums and independent agents to evaluate providers.
- 4
Compare quotes through multiple avenues
Comparing quotes from multiple companies ensures you're getting the best value. Pricing can vary depending on where you get your quote, whether online or from an agent.
Best Life Insurance in Montana: Bottom Line
In Montana, the top three life insurance companies are State Farm, GEICO and Haven, according to MoneyGeek. You should assess your needs, set a coverage level and compare quotes to get the best deal.
Montana Life Insurance: FAQ
Explore our expert answers to common questions about life insurance for residents of Montana.
What is the best life insurance in Montana?
In Montana, State Farm claims the best overall life insurance spot, with outstanding customer service, competitive rates at $5 monthly, and comprehensive term life options.
How do you get the best life insurance in Montana?
To secure optimal life insurance in Montana, establish your coverage needs, thoroughly vet insurers, and methodically compare premiums.
Do life insurance rates differ by state?
No, rates for life insurance don’t vary much across states, but variations can occur due to state-specific taxes, fees or regulations.
How We Decided the Best Life Insurance in Montana
MoneyGeek created a scoring system to compare life insurance companies across five categories and ranked them based on their scores. We selected companies to review based on their broad national coverage and ability to provide an online quote.
MoneyGeek's Scoring System
In our unique scoring system, companies can earn up to five points in each of five categories. We then use these category scores to calculate an overall MoneyGeek score out of 100. We applied the following base weightings to score insurers:
- Affordability: 60%
- Financial Stability: 5%
- Buying Process: 5%
- Customer Satisfaction: 20%
- Product Diversity: 10%
Each company's score incorporates:
- Cost data obtained through online quotes
- Financial strength ratings from AM Best and the number of years in business
- Customer satisfaction data from the National Association of Insurance Commissioners (NAIC) customer complaint index (we reviewed annual complaint data from 2020 to 2022, the most recent year available)
- Availability of tools to aid in the buying process, such as online product materials and multiple payment options
- Diversity of life insurance products offered
Sample Customer Profile
MoneyGeek used a standard profile to obtain life insurance quotes in Montana:
- 40-year-old nonsmoker
- Average height and healthy weight
- Excellent health rating
We modified the profile by age, gender, height, weight, tobacco use, health rating and geographic location to collect a variety of quotes and determine the best life insurance company for several types of customers. We collected quotes for term life insurance with varying term lengths and coverage amounts, as well.
When necessary, we identified trends in the dataset and used those patterns to calculate projections and extend the data beyond what was originally collected.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.