In Montana, for men, GEICO is the top life insurance provider with a MoneyGeek score of 97 and a monthly premium of $15. For women, GEICO is also the best, with a MoneyGeek Score of 96 and the same monthly cost. The optimal policy can vary based on personal circumstances.
Best Life Insurance in Montana (May 2024)
Updated: July 26, 2024
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BestLife InsuranceMontanaBest Life Insurance Companies in Montana
Best Term Life Insurance in Montana - Nationwide
Best Whole Life Insurance in Montana - State Farm
Best Universal Life Insurance in Montana - Nationwide
Best No-Medical-Exam Life Insurance in Montana - Nationwide
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Montana.
Coverage costs and company information for life insurance providers were updated in March 2024.
1,488Quotes Analyzed
14Companies Compared
50ZIP Codes
Best Life Insurance in Montana: Summary
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Category:Best Life Insurance Overall
Gender:
Gender:M
| GEICO | Rank1 | MoneyGeek Score97 |
| Nationwide | Rank2 | MoneyGeek Score96 |
| Protective | Rank3 | MoneyGeek Score95 |
| Allstate | Rank4 | MoneyGeek Score94 |
| Mutual of Omaha | Rank5 | MoneyGeek Score94 |
Overall Best Life Insurance in Montana
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies in Montana:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
GEICO is the best life insurance provider in Montana, with a MoneyGeek score of 96 for men and 96 for women. The approximate monthly premium for its life insurance policy is $15 per month regardless of gender.
The top life insurance options in Montana are:
- GEICO: MoneyGeek score of 96 out of 100 ($15 per month for both men and women)
- Nationwide: MoneyGeek score of 96 out of 100 ($21 per month for women; $19 per month for men)
- Protective: MoneyGeek score of 95 out of 100 ($13 per month for women; $15 per month for men)
Overall Best for Men: GEICO
COMPANY HIGHLIGHTS
GEICO offers the best life insurance in Montana for men, with a MoneyGeek score of 97 and a monthly premium of $15 . Its combination of excellent customer satisfaction, affordability and financial stability makes it a leading option for life insurance.
Pros:
- High customer satisfaction
- Exceptional affordability
- Strong financial stability
Cons:
- Limited product diversity
- Potentially complicated buying process
Overall Best for Women: GEICO
COMPANY HIGHLIGHTS
The best life insurance in Montana for women is provided by GEICO, with a MoneyGeek score of 96. It offers an affordable monthly premium of $15.
Pros:
- High customer satisfaction
- Very affordable premiums
- Financially stable company
Cons:
- Limited product options
Best Term Life Insurance in Montana
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Montana:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
Costs are based on quotes gathered for a $250,000 life insurance policy with a 10-year term.
GEICO provides the best term life insurance in Montana, with a MoneyGeek score of 97 and an affordable monthly premium of $11.
The top three term life insurance companies in Montana are:
- GEICO: MoneyGeek score of 97 out of 100 ($11 per month for women and men)
- Nationwide: MoneyGeek score of 96 out of 100 ($16 per month for women; $15 per month for men)
- Mutual of Omaha: MoneyGeek score of 96 out of 100 ($12 per month for women; $13 per month for men)
Best Term Life Insurance in Montana
COMPANY HIGHLIGHTS
GEICO offers the best term life insurance in Montana. Given its MoneyGeek score of 97 and a highly affordable monthly premium of $11, GEICO demonstrates outstanding overall value.
Pros:
- High customer satisfaction ratings
- Exceptional premium affordability
- Notable financial stability
Cons:
- Limited product diversity
- Potentially complicated buying process
Best Whole Life Insurance in Montana
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies in Montana:
- Financial Stability: 35%
- Customer Satisfaction: 30%
- Buying Process: 15%
- Product Diversity: 20%
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies.
State Farm provides the best whole life insurance in Montana, with a MoneyGeek score of 99. The top companies with the highest MoneyGeek scores are:
- State Farm: MoneyGeek score of 99 out of 100
- Nationwide: MoneyGeek score of 98 out of 100
- Mutual of Omaha: MoneyGeek score of 96 out of 100
Best Whole Life: State Farm
COMPANY HIGHLIGHTS
State Farm is the best choice for whole life insurance in Montana, with a MoneyGeek score of 99.
Pros:
- High customer satisfaction
- Diverse product offerings
- Streamlined and user-friendly purchasing process
Compare Life Insurance Rates
Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
Best Universal Life Insurance in Montana
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies in Montana:
- Financial Stability: 25%
- Customer Satisfaction: 25%
- Buying Process: 25%
- Product Diversity: 25%
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies.
Nationwide provides the best universal life insurance in Montana, with a MoneyGeek score of 99. Nationwide has demonstrated competitive performance across a variety of metrics, offering delivering service and value to its policyholders.
The top three companies are as follows:
- Nationwide: MoneyGeek score of 99 out of 100
- State Farm: MoneyGeek score of 98 out of 100
- Mutual of Omaha: MoneyGeek score of 97 out of 100
Best Universal Life: Nationwide
COMPANY HIGHLIGHTS
With a MoneyGeek score of 99, Nationwide offers the best universal life insurance in Montana, providing excellent value and comprehensive coverage options.
Pros:
- Exceptional customer satisfaction
- Diverse product offeringsa
Best No-Medical-Exam Life Insurance in Montana
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best no-medical-exam life insurance companies in Montana:
- Financial Stability: 20%
- Customer Satisfaction: 25%
- Buying Process: 20%
- Product Diversity: 35%
We did not weigh affordability as we did not collect no medical life insurance quotes. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams.
Nationwide provides best no-medical-exam life insurance in Montana. With a MoneyGeek score of 99 out of 100, Nationwide stands out for its commitment to customer satisfaction and financial stability.
- Nationwide: MoneyGeek score of 99 out of 100
- State Farm: MoneyGeek score of 99 out of 100
- Mutual of Omaha: MoneyGeek score of 97 out of 100
Best No-Medical-Exam: Nationwide
COMPANY HIGHLIGHTS
Nationwide, with a MoneyGeek score of 99, provides the best no-medical-exam life insurance in Montana. It offers robust coverage options, an efficient purchasing experience and remarkable customer satisfaction.
Pros:
- Exemplary customer satisfaction
- Extensive range of insurance products
- Seamless purchasing process
Best Term Life Insurance for Seniors in Montana
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors in Montana:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the persona for the quote was adjusted to reflect an age of 70 for a more accurate estimate.
Nationwide provides the best term life insurance for seniors in Montana, earning the highest MoneyGeek score for both men (97) and women (96) with monthly premiums of $53 and $58, respectively. Nationwide's perfect satisfaction score and high marks in product diversity and purchasing process contribute to its top position. Its commitment to a diverse offering and excellent customer service makes them a good choice for seniors looking for reliable life insurance options.
Best Term Life Insurance for Seniors in Montana
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| Nationwide | Rank1 | Monthly Premium$53 | MoneyGeek Score97 |
| GEICO | Rank2 | Monthly Premium$44 | MoneyGeek Score97 |
| Mutual of Omaha | Rank3 | Monthly Premium$55 | MoneyGeek Score96 |
| Protective | Rank4 | Monthly Premium$52 | MoneyGeek Score94 |
| Allstate | Rank5 | Monthly Premium$44 | MoneyGeek Score94 |
Best Term Life Insurance for Smokers in Montana
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Montana for people who smoke:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the persona for the quote was adjusted to reflect an active smoker for a more accurate estimate.
Mutual of Omaha offers the best term life insurance for smokers, securing the top position for women with a MoneyGeek score of 97. GEICO takes the lead for men with a MoneyGeek score of 96. Women enjoy a monthly premium of $27, and men pay a slightly higher premium at $28. These two providers have demonstrated excellence across various parameters, with strong showings in customer satisfaction and affordability.
Best Term Life Insurance for Smokers in Montana
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Sex:M
| GEICO | Rank1 | Monthly Premium$28 | MoneyGeek Score96 |
| Mutual of Omaha | Rank2 | Monthly Premium$30 | MoneyGeek Score96 |
| Nationwide | Rank3 | Monthly Premium$38 | MoneyGeek Score95 |
| Prudential | Rank4 | Monthly Premium$30 | MoneyGeek Score95 |
| Transamerica | Rank5 | Monthly Premium$28 | MoneyGeek Score94 |
Best Term Life Insurance for Young Adults in Montana
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Montana for young adults:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the persona for the quote was adjusted to reflect an age of 20 for a more accurate estimate.
Nationwide provides the best term life insurance for young adults in Montana, with a MoneyGeek score of 97 regardless of gender and monthly premiums at $12 for men and $10 for women. This insurer rises to the top primarily due to its perfect satisfaction score and high ratings in affordability, product diversity, and user process.
Best Term Life Insurance for Young Adults in Montana
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Sex:
Sex:M
| Nationwide | Rank1 | Monthly Premium$9 | MoneyGeek Score97 |
| GEICO | Rank2 | Monthly Premium$7 | MoneyGeek Score97 |
| Mutual of Omaha | Rank3 | Monthly Premium$8 | MoneyGeek Score96 |
| Protective | Rank4 | Monthly Premium$7 | MoneyGeek Score95 |
| State Farm | Rank5 | Monthly Premium$15 | MoneyGeek Score94 |
Best Cheap Term Life Insurance in Montana
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies in Montana:
- Affordability: 50%
- Financial Stability: 15%
- Buying Process: 20%
- Customer Satisfaction: 5%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the quote was adjusted to reflect a 10-year term with minimum coverage.
Allstate provides the best cheap term life insurance in Montana for women with a MoneyGeek score of 97 and a monthly premium of $10. GEICO takes the top spot for men with a MoneyGeek score of 97 and a monthly premium of $11. Their outstanding scores are a testament to their reliability and affordability.
Best Cheap Term Life Insurance in Montana
Data filtered by:Results filtered by:
Gender:
Gender:M
| GEICO | Monthly Premium$11 | MoneyGeek Score97 |
| Allstate | Monthly Premium$11 | MoneyGeek Score96 |
| Mutual of Omaha | Monthly Premium$13 | MoneyGeek Score95 |
| Nationwide | Monthly Premium$15 | MoneyGeek Score95 |
| Transamerica | Monthly Premium$12 | MoneyGeek Score95 |
Average Cost of Term Life Insurance in Montana
The average cost of life insurance in Montana is $42 for women and $45 for men. Factors affecting the average cost of life insurance include the insured's age, health status, occupation and lifestyle. Additionally, the coverage amount and term length are significant influencers.
FAQ: Life Insurance in Montana
What is the best life insurance in Montana for men?
The top-rated life insurance for men in Montana is through GEICO.
How much is life insurance in Montana for men?
The cost of life insurance for men in Montana is influenced by several variables, such as age, health and the policy's coverage amount. GEICO, the best life insurance provider in the state for men, offers a competitive monthly premium averaging $15.
What is the best life insurance in Montana for women?
The best life insurance in Montana for women, according to MoneyGeek, is GEICO.
How much is life insurance in Montana for women?
The cost of life insurance for women in Montana varies based on age, health and coverage amount. For the top-ranked company, GEICO, the average monthly premium for women is $15.
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.