Skip to Main Content

Average cost of car insurance in Montana for 2024

Updated May 01, 2024
Montana drivers pay an average of $402 per year for minimum coverage, while full coverage averages $2,404 per year.
Location-Icon
Explore offers from trusted carriers
+ MORE

Powered by Coverage.com (NPN: 19966249)

Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How much is car insurance in Montana?

Montana car insurance rates are comparatively low, relative to the national annual averages of $2,404 for full coverage and $402 for minimum insurance. You may be able to save further on Montana auto insurance rates if you understand the factors that affect the cost of car insurance. If you’re wondering,“How much is car insurance in Montana per month,” be sure to consider how your age, carrier, type of vehicle, elected coverage amount, driving record and ZIP code play a factor.

Key takeaways

  • Drivers in Montana pay an average annual rate of $2,404 for full coverage, which includes collision coverage and comprehensive coverage, while drivers pay an average rate of $402 per year for minimum coverage.
  • Montana drivers with excellent credit pay 16 percent less than average per year for full coverage.
  • Drivers who have a DUI on their license pay a premium rate that is 59 percent more per year than average in Montana.
  • Based on Bankrate's data, Milltown is the cheapest Montana city for car insurance, while Wyola is one of the most expensive.
  • The average rate for a 16-year-old driver in Montana is $4,684 annually. By age 60, the average premium rises again to $2,220.

Montana car insurance rates by city

Car insurance rates in Montana can change significantly over a few miles of distance compared to the state average, as indicated in the table below. There are several reasons why your location matters. For example, if you live in a congested urban area where heavy traffic leads to frequent fender-benders and subsequent claims, you may pay more than the state average for your policy. Here are average rates for some of Montana's largest cities:

City Avg. monthly full coverage premium Avg. annual full coverage premium Avg. savings vs. state average

Compare auto insurance rates

Answer a few questions to see personalized rates from top carriers.
Location-Icon
Your information is kept secure

Powered by Coverage.com (NPN: 19966249)

Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Average car insurance costs by age and gender in Montana

Age plays a role in determining your annual rate. Younger drivers usually face higher rates, regardless of their driving record, due to their lack of driving experience and correlated higher risk. Fortunately, drivers generally see a considerable drop in their Montana auto insurance rates as they age and gain more driving experience, decreasing until drivers reach about age 70, when the rates begin to increase again. Gender may also play a role in determining rates in many states, including Montana. In the meantime, taking advantage of good student or youth discounts could help lower rates.

The following Montana car insurance rates showcased are grouped by age and gender. Keep in mind that Montana’s ban on insurers’ use of gender as a rating factor was recently overturned in 2021 and went into effect in 2022. The average rates shown below may not show rate differences between male and female drivers in the state, as policies renew at different times and will take time to reflect the overturn.

Age 16*
Avg. monthly full coverage premium in Montana
$393
Avg. annual full coverage premium in Montana
$4,712
Age 18
Avg. monthly full coverage premium in Montana
$509
Avg. annual full coverage premium in Montana
$6,103
Age 20
Avg. monthly full coverage premium in Montana
$435
Avg. annual full coverage premium in Montana
$5,215
Age 25
Avg. monthly full coverage premium in Montana
$239
Avg. annual full coverage premium in Montana
$2,863
Age 30
Avg. monthly full coverage premium in Montana
$210
Avg. annual full coverage premium in Montana
$2,524
Age 40
Avg. monthly full coverage premium in Montana
$199
Avg. annual full coverage premium in Montana
$2,388
Age 50
Avg. monthly full coverage premium in Montana
$189
Avg. annual full coverage premium in Montana
$2,269
Age 60
Avg. monthly full coverage premium in Montana
$185
Avg. annual full coverage premium in Montana
$2,214
Age 70
Avg. monthly full coverage premium in Montana
$200
Avg. annual full coverage premium in Montana
$2,400
Age 40
Avg. monthly full coverage premium in Montana
$199
Avg. annual full coverage premium in Montana
$2,388
Age 50
Avg. monthly full coverage premium in Montana
$189
Avg. annual full coverage premium in Montana
$2,269
Age 60
Avg. monthly full coverage premium in Montana
$185
Avg. annual full coverage premium in Montana
$2,214
Age 70
Avg. monthly full coverage premium in Montana
$200
Avg. annual full coverage premium in Montana
$2,400
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 16*
Avg. monthly full coverage premium in Montana
$388
Avg. annual full coverage premium in Montana
$4,656
Age 18
Avg. monthly full coverage premium in Montana
$512
Avg. annual full coverage premium in Montana
$6,146
Age 20
Avg. monthly full coverage premium in Montana
$428
Avg. annual full coverage premium in Montana
$5,135
Age 25
Avg. monthly full coverage premium in Montana
$239
Avg. annual full coverage premium in Montana
$2,869
Age 30
Avg. monthly full coverage premium in Montana
$212
Avg. annual full coverage premium in Montana
$2,546
Age 40
Avg. monthly full coverage premium in Montana
$202
Avg. annual full coverage premium in Montana
$2,420
Age 50
Avg. monthly full coverage premium in Montana
$187
Avg. annual full coverage premium in Montana
$2,238
Age 60
Avg. monthly full coverage premium in Montana
$185
Avg. annual full coverage premium in Montana
$2,225
Age 70
Avg. monthly full coverage premium in Montana
$200
Avg. annual full coverage premium in Montana
$2,395
Age 40
Avg. monthly full coverage premium in Montana
$202
Avg. annual full coverage premium in Montana
$2,420
Age 50
Avg. monthly full coverage premium in Montana
$187
Avg. annual full coverage premium in Montana
$2,238
Age 60
Avg. monthly full coverage premium in Montana
$185
Avg. annual full coverage premium in Montana
$2,225
Age 70
Avg. monthly full coverage premium in Montana
$200
Avg. annual full coverage premium in Montana
$2,395
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Lightbulb

Bankrate’s take: In Montana, insurance providers are allowed to use gender as a factor when setting car insurance rates. Typically, males pay more for coverage since they are statistically riskier drivers. The CDC found that male drivers were involved in twice as many traffic deaths as women during their period of study.

Cost considerations for young drivers in Montana

Drivers must remain on their parents' policy until they reach the age of 18. Once drivers reach age 18, their rate will vary depending on whether they remain on their parents' policy or purchase their own insurance. The latter has higher rates on average.

Caret Down
Age 16*
Avg. annual premium for drivers in MT
$4,684
Age 17
Avg. annual premium for drivers in MT
$4,375
Age 18
Avg. annual premium for drivers in MT
$4,141
Age 19
Avg. annual premium for drivers in MT
$3,694
Age 20
Avg. annual premium for drivers in MT
$3,580
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 18
Avg. annual premium for drivers in MT
$6,125
Age 19
Avg. annual premium for drivers in MT
$5,479
Age 20
Avg. annual premium for drivers in MT
$5,175
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age Avg. annual premium difference for drivers on their own policy
Age 18 48 percent more
Age 19 48 percent more
Age 20 45 percent more

*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied

How does driving record impact the cost of car insurance in Montana?

The average cost of car insurance in Montana varies greatly depending on your driving history. Having a clean driving record is effectively the best way to see the lowest rates, in most cases. Avoiding tickets and accidents not only helps keep your vehicle insurance premiums lower, but also saves you the cost of the violation itself along with the cost of a potential SR-22 that you may be required to file. Until recently, the state of Montana had no speed limit. But if caught speeding now, Montana drivers may now expect to pay upwards of $70 for a ticket. In addition, Montana drivers with a speeding ticket on their driving record may pay 15 percent more than average for car insurance, based on average quoted premiums. Other incidents affected rates even more, on average.

Here are the average rates for a drivers with one of a variety of convictions on their record:

Clean driving record
Avg. annual premium* in Montana
$2,404
Percentage increase from Montana avg. annual premium*
0%
Avg. annual premium* in Montana
$2,771
Percentage increase from Montana avg. annual premium*
15%
Avg. annual premium* in Montana
$3,135
Percentage increase from Montana avg. annual premium*
30%
Avg. annual premium* in Montana
$3,832
Percentage increase from Montana avg. annual premium*
59%
*The table above compares driving records with different incidents and highlights how much, on average, these incidents tend to raise rates. *The rates reflected are for full coverage policies.

Car insurance rates in Montana by credit tier

Your car insurance rates in Montana are also impacted by your credit tier. Insurers view drivers with excellent credit as less likely to file future claims based on actuarial data. Someone with poor credit, on the other hand, may pay higher rates because of their higher risk of claims.

Avg. annual premium* in Montana
$4,498
Percentage difference from Montana avg. annual premium*
87%
Average
Avg. annual premium* in Montana
$2,571
Percentage difference from Montana avg. annual premium*
7%
Avg. annual premium* in Montana
$2,404
Percentage difference from Montana avg. annual premium*
0%
Excellent
Avg. annual premium* in Montana
$2,018
Percentage difference from Montana avg. annual premium*
-16%
*Rates reflect full coverage policies.

Montana car insurance rates by vehicle type

The make and model of your car plays an important role in determining average car insurance cost in Montana. Cars that are more expensive to repair, or which have poor safety records, are likely to cost more than cars that have a high safety rating and can be repaired domestically rather than with imported parts. Here are average car insurance rates for a sampling of common vehicles in Montana:

Avg. annual premium* in Montana
$2,404
Avg. annual premium* in Montana
$2,278
Avg. annual premium* in Montana
$2,097
BMW 330i
Avg. annual premium* in Montana
$3,146
Toyota Prius
Avg. annual premium* in Montana
$2,482
*Rates reflect full coverage policies.

Estimate your car insurance cost in Montana

It can be challenging to estimate how much you might pay for car insurance because there are so many different factors to consider. Fortunately, Bankrate created the helpful tool below. Enter some basic information and you’ll quickly see a rough estimate of what you might pay for insurance coverage. Keep in mind that this is not an actual insurance quote, but it can help you get a sense of what you might be expected to pay.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

Caret DownCaret Up
Please select age
Location-Icon
Lock Secure Your information is secure
Caret DownCaret Up
Please select credit score
Why we're asking
Methodology

How to save on car insurance in Montana

While Montana car insurance rates are lower on average than other states, you can typically earn extra savings in a few ways.

  • Driving school: Points from moving violations remain on your record for three years in Montana, potentially affecting your car insurance rates for that period of time or longer. The state does not automatically allow you to attend traffic school in exchange for a points reduction. But you could attend court for the ticket and request traffic school authorization from the judge.
  • Shop around for car insurance: Getting multiple car insurance quotes to compare is vital to finding the lowest premiums. Fortunately, nearly every carrier has a short, easy online quoting tool available to help you round up the information you need in just a few minutes.
  • Look for discounts: Car insurance companies offer a few discounts to policyholders that could potentially help you save on coverage. These range from college and youth discounts to low-mileage or safety equipment discounts. For younger drivers facing higher rates, this can be particularly helpful.
  • Raise your deductible: If you are a safe driver with no traffic accidents or claims, you could consider raising your deductible since you are less likely to face an accident or claim. Although raising your deductible could save you money on your premium, experts recommend you only do so if you are able to afford the higher amount in the event of a claim.

Frequently asked questions

Clock Wait
46
years of industry expertise
Search
122
carriers reviewed
Location
34.5K
ZIP codes examined
Dollar Coin
1.2M
quotes analyzed

Methodology 

Bankrate utilizes Quadrant Information Services to analyze the latest rates in May 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate changes filed by insurance companies that affect our profile. These revised rates are then weighted based on the population density in each geographic region so that policyholders can see the impact rates have in their areas. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit-based insurance scores: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base).

Age: Rates were calculated by evaluating our base profile with the ages 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.

Teens: Rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy unless otherwise noted.