Updated: October 1, 2026
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Top renters insurer in Montana: State Farm
Most affordable renters insurance in Montana: State Farm
Montana average renters insurance cost: $181 per year
Montana's best renters insurance provider is State Farm, which earns a MoneyGeek score of 5 out of 5. At $8 monthly, it scores well for affordability and customer experience.
These five companies earned the top MoneyGeek scores for renters insurance in Montana:
| State Farm | 4.97 | $8 | $95 |
| Allstate | 4.59 | $10 | $118 |
| Nationwide | 4.43 | $14 | $170 |
| Farmers | 4.2 | $17 | $203 |
| USAA | 4.07 | $15 | $184 |
*Rates for renters aged 26 to 64 with good credit and no claims history. Policy includes $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible.
Best for Montana Renters
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
Montana renters can pay as little as $8 per month through State Farm for $20,000 in personal property coverage. That's $7 less per month than Montana's $15 average, saving you $84 per year compared to the state average.
Rates from the 6 most affordable companies range from $8 to $27 monthly for identical coverage. Three of six insurers charge less than Montana's $15 state average, giving you several cheapest renters insurance options to consider.
| State Farm | $8 | $-7 |
| Allstate | $10 | $-5 |
| Nationwide | $14 | $-1 |
| USAA | $15 | $0 |
| Farmers | $17 | $2 |
| Travelers | $27 | $12 |
At $181 annually, Montana renters pay $15 per month for renters insurance, which is $1 less than the national average of $16. Despite this lower cost, Montana's higher risk of natural disasters like wildfires and floods, combined with limited affordable housing that increases insurance demand, still drives up what insurers pay out in claims across the state.
Bozeman offers the most affordable renters insurance in Montana at $14 monthly ($170 annually), while Zurich has the highest rates at $17 per month ($206 annually). Most cities stay close to Montana's $15 average, with crime rates, weather exposure and local claims history accounting for the differences.
| Billings | $15 | $178 |
| Bozeman | $14 | $170 |
| Sunburst | $14 | $174 |
| Zurich | $17 | $206 |
State Farm offers the most affordable renters insurance rates across every coverage level in Montana. The insurer has the cheapest options for all four tiers, from $20,000 to $100,000 in personal property coverage with $100,000 liability limits, plus the highest $250,000 personal property tier with $300,000 liability protection at $32 per month. Budget-conscious renters statewide will find no cheaper option.
| $20K Personal Property / $100K Liability | State Farm | $8 |
| $50K Personal Property / $100K Liability | State Farm | $13 |
| $100K Personal Property / $100K Liability | State Farm | $18 |
| $250K Personal Property / $300K Liability | State Farm | $33 |
Getting the right coverage starts with understanding what coverage types exist, knowing what your belongings are worth and shopping around for quotes.
Shopping around can produce savings on renters insurance. State Farm charges $8 per month for $20,000 coverage while Travelers charges $27 for identical financial protection. That represents a $19 per month difference that becomes apparent when pulling at least three quotes. Online tools make comparing rates quick and can find the lowest rate in minutes.
Pairing renters and auto coverage with one insurer reduces both premiums by 10% to 25%. State Farm and Auto-Owners provide bundling discounts that lower total insurance expenses while streamlining billing into one convenient payment.
Before raising the deductible, the emergency fund should be confirmed as sufficient to handle the higher out-of-pocket expense. A larger deductible reduces the monthly premium, but more costs will be covered upfront when filing claims for covered losses.
Insurers do not automatically apply every available discount, so eligible savings should be actively confirmed. Montana companies offer reductions for security systems, smoke detectors, clean driving records and autopay. State Farm extends good student discounts to renters under 25 maintaining B averages or higher.
Most Montana landlords require at least $100,000 in liability coverage, even though the state does not mandate renters insurance. Factors such as pet ownership, credit score and rental history affect coverage requirements. Property value, local weather risks and crime rates should also inform coverage limits.
Use our calculator below to find out how much renters insurance you need.
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
Clothes, shoes, bags, belts, hats, gloves, etc.
Review our experts' answers to frequently asked questions below:
State Farm earns the top spot for renters insurance in Montana with a MoneyGeek score of 4.97 out of 5. At $8 monthly, it offers high customer satisfaction at affordable rates.
Montana renters insurance averages $15 monthly or $181 per year for $20,000 in personal property coverage. The state runs $1 below the national average of $16 per month despite severe weather risks like hailstorms and wildfires, plus higher property crime rates in metro areas.
Renters insurance with $100,000 in personal property coverage costs $40 per month or $478 per year in Montana on average. State Farm offers the most affordable option at this coverage level at $18 per month. Most renters carry $20,000 to $50,000 in coverage, so the $100,000 tier is best suited to those with expensive belongings or collectibles.
Montana does not legally require renters insurance, but most landlords mandate at least $100,000 in liability coverage as part of the lease agreement. Specific requirements depend on factors such as rental history, credit score and pet ownership. The lease should be reviewed carefully to understand the exact coverage amounts the landlord requires.
We analyzed Montana renters insurance companies to find insurers with affordable rates and excellent service.
We gathered quotes for renters with this profile:
Affordability accounted for 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors earned spots on our list of Montana's best renters insurance providers.
Mark Fitzpatrick is a licensed Property and Casualty (P&C) Insurance Producer and MoneyGeek's resident expert in insurance and economics. In nearly a decade covering the insurance market at LendingTree and MoneyGeek, he's analyzed hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.
Mark studied at Boston College and later earned a master's in economics and international relations from Johns Hopkins University. He worked in financial risk management at State Street before joining MoneyGeek. He's also a five-time “Jeopardy!” champion.
