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Cheapest car insurance in Montana in 2023
Bankrate’s analysis of average premiums found that the cheapest carriers in Montana include Progressive, USAA and State Farm.
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What To Know First
- Cheapest company for minimum coverage: Progressive
- Cheapest company for full coverage: Progressive
- Cheapest company for adding a teen driver: Progressive
- Cheapest company for getting a speeding ticket: Progressive
- Cheapest company for being in an at-fault accident: USAA
- Cheapest company for drivers with a high-risk incident: Progressive
On This Page
- The cheapest car insurance companies in Montana
- The cheapest car insurance companies in Montana by coverage level
- Cheapest cities in Montana for car insurance
- Factors that impact cheap rates in Montana
- Minimum coverage requirements for Montana drivers
- How to get the cheapest car insurance in Montana
- Car insurance discounts in Montana
- Frequently asked questions
- Methodology
The cheapest car insurance companies in Montana
Our analysis of average rate data from Quadrant Information Services found that Progressive and USAA offer the cheapest average Montana car insurance rates across a range of driver profiles. However, car insurance premiums are highly individualized, so comparing quotes from different carriers may help you find the most affordable carrier for your circumstances.
Compare auto insurance rates
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.
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.
Cheapest company for minimum coverage
| Average monthly minimum coverage premium | Average annual minimum coverage premium | |
|---|---|---|
| Progressive | $13 | $159 |
Cheapest company for full coverage
| Average monthly full coverage premium | Average full coverage premium | |
|---|---|---|
| Progressive | $68 | $810 |
Cheapest company for adding a teen driver
| Average monthly minimum coverage premium | Average annual minimum coverage premium | |
|---|---|---|
| Progressive | $36 | $430 |
Cheapest company for getting a speeding ticket
| Average monthly minimum coverage premium | Average annual minimum coverage premium | |
|---|---|---|
| Progressive | $17 | $202 |
Cheapest company for being in an at-fault accident
| Average monthly minimum coverage premium | Average annual minimum coverage premium | |
|---|---|---|
| USAA | $21 | $256 |
Cheapest company for drivers with a high-risk incident
| Average monthly minimum coverage premium | Average annual minimum coverage premium | |
|---|---|---|
| Progressive | $15 | $184 |
The cheapest car insurance companies in Montana by coverage level
The coverage types and limits you select have a big impact on your Montana car insurance rates. The average cost of Montana car insurance is $1,889 per year for full coverage and $310 for minimum coverage. This is lower than the national annual average of $2,014 for full coverage and $622 for minimum coverage.
While minimum coverage may be the cheapest option up front, it may not offer the coverage you need in the event you cause an accident or other type of damage. Most insurance professionals recommend choosing full coverage to add financial protection for your own vehicle and higher liability limits in the event of a covered incident. Below you can see the companies with the cheapest average rates for full and minimum coverage in Montana.
| Insurance company | Average monthly minimum coverage premium | Average annual minimum coverage premium | Annual savings vs. State average* |
|---|---|---|---|
|
$13
|
$159
|
- $151 |
|
|
$15
|
$182
|
- $128 |
|
|
$19
|
$228
|
- $82 |
|
|
$28
|
$331
|
+ $21 |
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.
*Based on policies with minimum coverage for 2023
| Insurance company | Average monthly full coverage premium | Average annual full coverage premium | Annual savings vs. State average* |
|---|---|---|---|
|
$67
|
$810
|
- $1,079 |
|
|
$86
|
$1,029
|
- $860 |
|
|
$93
|
$1,117
|
- $772 |
|
|
$127
|
$1,529
|
- $360 |
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.
*Based on policies with full coverage for 2023
Cheapest cities in Montana for car insurance
The Montana city you live in can affect how much you pay for car insurance. Even within the same city, different ZIP codes may have different average rates. Demographics like population density, crime rates, weather events and vehicle repair costs influence varying rates by city.
| City | City average annual minimum coverage premium | Cheapest car insurance company | Company average annual minimum coverage premium |
|---|---|---|---|
| Ekalaka | $260 | Progressive | $134 |
| Baker | $260 | Progressive | $129 |
| Kinsey | $261 | Progressive | $137 |
| Ismay | $261 | Progressive | $134 |
| Willard | $261 | Progressive | $131 |
| City | City average annual minimum coverage premium | Cheapest car insurance company | Company average annual minimum coverage premium |
|---|---|---|---|
| Ekalaka | $1,677 | Progressive | $720 |
| Baker | $1,694 | Progressive | $770 |
| Kinsey | $1,699 | Progressive | $678 |
| Ismay | $1,699 | Progressive | $678 |
| Willard | $1,775 | Progressive | $732 |
Factors that impact cheap rates in Montana
Your ability to get cheap car insurance in Montana may depend on several factors, including your age and driving record. The tables below outline the cheapest average carrier in Montana across various driver profiles.
Insuring a teen driver
Teen drivers are among the expensive age group to insure. Their lack of experience behind the wheel makes them more likely to be involved in accidents, so insurance companies typically charge higher rates to account for this added risk.
| Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|---|
| Progressive | $430 | $1,762 |
| USAA | $479 | $2,268 |
| State Farm | $513 | $2,828 |
| Nationwide | $594 | $2,280 |
| Geico | $752 | $5,137 |
Getting a speeding ticket
Getting a speeding ticket may increase your rates, as carriers usually see speeding as an indication of unsafe driving practices. However, different companies weigh speeding ticket convictions differently, so shopping around may help you secure cheap rates after a ticket. The following carriers offer some of the lowest average premiums for drivers with a single speeding ticket conviction.
| Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|---|
| Progressive | $202 | $1,051 |
| USAA | $242 | $1,359 |
| State Farm | $265 | $1,277 |
| Farmers | $337 | $1,676 |
| Geico | $354 | $2,576 |
Getting into an at-fault accident
If you've recently been in a car accident, you may find that your insurance rates are higher when your policy renews. Accident claims can be expensive for car insurance companies, so they usually change higher rates for drivers with an at-fault accident on their record.
| Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|---|
| USAA | $256 | $1,400 |
| Progressive | $260 | $1,246 |
| State Farm | $299 | $1,387 |
| Geico | $437 | $3,141 |
| Farmers | $507 | $2,334 |
Being deemed a high-risk driver
A high-risk driver is someone with a serious infraction on their driving record. Although high-risk driving classifications may vary by carrier, a DUI conviction is typically seen as one of the most severe high-risk infractions. Some carriers may not offer coverage for a high-risk driver. We used a single DUI conviction as the basis for our high-risk rate comparison, but other high-risk incidents may include multiple speeding tickets or driving without insurance.
| Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|---|
| Progressive | $184 | $946 |
| USAA | $391 | $2,130 |
| Farmers | $481 | $2,252 |
| Geico | $602 | $4,241 |
Minimum coverage requirements for Montana drivers
Like most states, Montana drivers must meet minimum insurance requirements to drive legally. These requirements are for liability insurance and auto insurance coverage must include at least:
- $25,000 per person for bodily injury
- $50,000 per accident for bodily injury
- $20,000 per accident for property damage
Although minimum coverage is usually cheaper than full coverage, it does not provide physical damage coverage for your car. If you cause an accident, hit an animal or have your car stolen, minimum coverage will not cover the incident. You may also be held personally liable for injuries or property damage you cause that exceeds your coverage limits, which may make buying higher liability limits worth the extra cost.
How to get the cheapest car insurance in Montana
There are many ways to potentially save money on car insurance, but two key strategies may offer significant savings:
Maintain a clean driving record
Keeping a clean driving record means avoiding tickets, DUI convictions and at-fault accidents. Drivers with a clear driving record usually get the cheapest car insurance rates in Montana. You may also be eligible for safe driving discounts and accident forgiveness coverage. Accident forgiveness coverage prevents a rate increase following your first at-fault accident. This coverage may be available for purchase with some carriers; with others, it must be earned.
Shop around after a big life event
Significant life events, like moving or adding a new driver to your policy, can impact your car insurance rates. If your car insurance rates go up at renewal, you might be able to get more affordable Montana car insurance by shopping around and comparing auto insurance quotes with different carriers.Car insurance discounts in Montana
Most car insurance companies offer specific discounts that may help you save on your premium. Discount type and eligibility vary by carrier, but stacking auto insurance discounts may earn you significant savings. Some common discounts you may see as you shop include:
- Young driver discounts: Teens and young drivers may get discounts for having good grades, enrolling in a defensive driving course or leaving a vehicle at home while away at college.
- Safe driver discounts: Many carriers reward drivers for avoiding tickets or going a set period of time without filing a claim.
- Other discounts: Other discounts you may see include billing discounts for automatic or paperless payments, hybrid and electric car discounts and bundling discounts for carrying more than one policy with the same carrier.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. 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 2021 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.
Bankrate Scores
Our 2023 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.
Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.