Cheapest car insurance in Montana for 2022
Driving in Montana is a perfect way to experience the scenic beauty and natural wonder of Big Sky Country. The state is home to over 800,000 licensed drivers and 73,000 miles of public open road, ready for exploration. But before you hit the road, make sure you have a car insurance policy in place to fulfill legal requirements and protect your finances in case you get into an accident.
On average, Montana drivers pay $342 annually for minimum coverage and $1,737 annually for full coverage. If you are looking for cheap car insurance in Montana, you can find several companies that offer lower-than-average premiums. Bankrate’s research may help you find a policy that fits your coverage needs and your budget.
The cheapest car insurance in Montana
Because car insurance is required in Montana, you may be looking for the cheapest policy possible. Bankrate’s insurance editorial team utilized Quadrant Information Services to obtain current premium information for the largest Montana insurance companies by market share. We analyzed the average premiums to find the cheapest companies but also took coverage offerings, available discounts and third-party ratings into consideration.
The following companies might be a good starting place as you search for the cheapest auto insurance in Montana:
|Car insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
USAA offers auto insurance to members of the military, veterans and their eligible immediate family members. If you meet the eligibility requirements, you have access to the least expensive average minimum and full coverage premiums according to our research, as well as excellent customer service. USAA is not eligible for official ranking with J.D. Power due to its eligibility restrictions, but the carrier did receive the highest number of points in the Northwest Region in the 2020 U.S. Auto Insurance Study.
To round out your coverage, you may consider adding accident forgiveness or roadside assistance coverage. And if budget is your primary concern, USAA offers several discounts to help you save. You might get a discount for insuring a new car, garaging your vehicle on a military base, storing your vehicle while you are deployed or driving low annual miles.
Learn more: USAA Insurance review
The largest insurer in the U.S., State Farm provides auto insurance through a network of local agents. If you prefer handling your insurance face-to-face, the company may be a great choice. State Farm sells numerous lines of insurance, including home and umbrella policies and also offers banking services.
The company also offers several discounts to lower your insurance costs, including the popular Drive Safe and Save program. You might also save by insuring multiple cars, buying more than one type of insurance from State Farm, being accident-free or having safety features on your vehicle. If you are looking for optional coverages, State Farm offers several, including car rental reimbursement, ridesharing coverage and emergency road service.
Learn more: State Farm Insurance review
If you are looking for a highly customizable auto insurance policy, Farmers might be a good option. From roadside assistance and rideshare coverage to new car replacement and original equipment manufacturer (OEM) coverage, Farmers offers numerous ways to tailor your policy to your needs. Farmers also offers specialized coverage for classic and collectible cars.
Farmers does not list many discounts on its website, but you may still save by insuring multiple policies, multiple cars or staying accident-free. You may also want to take advantage of the company’s Signal program, which uses a mobile app to track your driving habits and develop a customized discount based on the data received.
Learn more: Farmers Insurance review
Although Geico’s average minimum and full coverage premiums in Montana are higher than the state’s average, the company may still be a good option if you are looking for a basic policy with plenty of discount opportunities. Geico also received the highest official ranking from J.D. Power in the Northwest Region, so it could also be a good choice if you are looking for excellent service.
Geico is known for offering a long list of discounts that could lower your premium. You might save if you are a federal employee, a member of the military or affiliated with certain groups like alumni associations. You may also qualify for a discount if your vehicle has certain safety features, if you insure a good student or if you buy multiple policies from Geico.
Learn more: Geico Insurance review
Progressive’s average minimum coverage premium is higher than Montana’s average, but the company offers lower-than-average full coverage rates. Progressive also gives you the choice to add a variety of optional coverages to your policy, including loan/lease payoff coverage, custom parts and equipment coverage, ridesharing coverage and roadside assistance.
Along with the numerous coverage options to customize your policy, there are several discounts available that might help lower your premiums. You can bundle policies for savings, get your quote and buy your policy online, sign up for paperless statements or pay in full. You could also try the Snapshot safe driver program for a potential discount customized to your driving habits.
Learn more: Progressive Insurance review
Minimum coverage requirements for Montana drivers
Like most states, Montana requires drivers to carry at least the state-mandated minimum levels of insurance. In Montana, you must have at least the following coverages to drive legally:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $20,000 property damage liability
These coverages are only the minimum requirements. Most insurance professionals advise that you purchase higher levels of coverage to provide greater financial protection.
Insurers are also required to offer uninsured/underinsured motorist coverage. These coverages may be rejected in writing:
- $25,000 uninsured/underinsured motorist bodily injury coverage per person
- $50,000 uninsured/underinsured motorist bodily injury coverage per accident
The minimum required coverages in Montana only provide coverage for liability; there is no coverage for damage to your own vehicle. If you purchase comprehensive and collision coverage, that is considered “full coverage.” If you have a loan or lease, your financial institution likely requires you to carry full coverage and may have requirements for your liability limits and deductible levels as well.
How to get cheap car insurance in Montana
Saving money on car insurance in Montana may be easier than you think, and there are several techniques to stretch your dollars.
- Compare multiple quotes: Getting quotes from several providers for the same amount of coverage might help you find a company that offers the lowest rate.
- Utilize discounts: Discounts are one of the easiest ways to save on car insurance. Choosing a company that has one or more discounts that you can take advantage of might lower your premium.
- Improve your credit score: Drivers with low credit tend to pay higher premiums because they are statistically more likely to file claims. Improving your credit score might lower your car insurance premium.
- Increase your deductibles: A full coverage policy has two deductibles, one for comprehensive and one for collision. Increasing one or both of your deductibles generally lowers your premium. Just make sure you choose a level that you can afford if you file a claim for damage to your vehicle.
Talking with an agent or representative from your company might help you identify additional savings opportunities.
Frequently asked questions
What is the best car insurance in Montana?
The best car insurance in Montana is based on personal preference, but there are several factors to consider to determine the best. Carriers with good customer service ratings, a strong financial strength score and competitive rates are often strong contenders. But because everyone has different desires when it comes to car insurance, understanding what you are looking for and comparing multiple quotes is often the best way to find a company that fits your needs.
What is the average cost of car insurance in the U.S.?
The average cost of car insurance in the U.S. is $565 per year for minimum coverage and $1,674 per year for full coverage. Montana’s average annual premiums are $342 for minimum coverage and $1,737 for full coverage. Drivers in Montana pay less for minimum coverage than the national average, but more for full coverage.
What happens if I am caught driving without car insurance in Montana?
Car insurance is legally required in Montana. Driving without insurance can lead to fines, license suspension and potentially jail time. If you cause an accident and do not have insurance coverage, you will be responsible for paying for the damages and injuries you cause out of your own pocket, which can lead to financial stress.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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 coverages that meet each state’s requirements. Our base profile drivers own a 2019 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.