Skip to Main Content
Powered by Coverage.com (NPN: 19966249)

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.

Best homeowners insurance in Montana for 2023

Bankrate’s analysis found that USAA, Chubb, Travelers, Allstate and State Farm are among Montana’s top insurers.

Updated Oct 25, 2023
DISCOVER YOUR PERFECT PROVIDER
We’ll just need your ZIP code to show you offers from home insurance carriers in your area.
Location-Icon
Lock Secure Your information is secure
Explore offers from trusted carriers
+ MORE
User
Find providers near you
We’ll just need your location to provide you with home insurance options available in your area.
Insurance Home
Explore your coverage options
Choose from multiple providers near you. The more quotes you compare, the more you can save!
Congrats
Pick your best policy
Once you’ve found your favorite quote, finish up the process online with the provider of your choice. And that’s it!
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.
Mortgage

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers.
Location-Icon
Your information is kept secure
Caret DownCaret Up
Caret DownCaret Up
Field is required
Powered by Coverage.com (NPN: 19966249)
Insurance Disclosure

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.

Quick Facts
Moneybag
$382/year
average savings through Bankrate
Two Thirds
2 out of 3 homes
are underinsured
Insurance Home
1 out of every 20
insured homes makes a claim each year
Circle Check
100% of homes
need insurance before getting a mortgage
Mortgage

Leaving so soon? Your custom quotes are just minutes away.

Compare the best home insurance companies in Montana

Bankrate’s insurance editorial team’s extensive research revealed that USAA, Chubb, Travelers, Allstate and State Farm are among the best Montana homeowners insurance companies. Based on premium data from Quadrant Information Services, the average cost of Montana homeowners insurance is $1,736 per year, which works out to around $145 a month.

As part of our review process, we looked at each company’s policy offerings, insurance rates and discounts for homeowners insurance, as well as financial strength and customer satisfaction ratings from third-party agencies like S&P, Moody’s, AM Best and J.D. Power. The better a company performed in each of these categories, the higher its Bankrate Score for a maximum score of 5.0 out of 5.0. Below, these carriers stand out for offering comprehensive coverage and strong ratings for customer service and claims handling.

Insurance company AM Best J.D. Power score Average monthly premium Average annual premium
A++
884
/1,000
$105
$1,259
Get a quote
A++
809
/1,000
$95
$1,143
Get a quote
A+
815
/1,000
$171
$2,052
Get a quote
A++
794
/1,000
$140
$1,679
Get a quote
A++
829
/1,000
$157
$1,885
Read review
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.

*USAA is not officially ranked with J.D. Power due to eligibility restrictions.

The top 5 home insurance companies in Montana

USAA

Best for military-focused coverage

Rating: 3.7 stars out of 5
3.7 Bankrate Score
JD Power: 884/1,000 AM Best: A++

Average annual premium

$ 1,259 for $250k dwelling coverage
USAA Review Get a personalized quote

Why USAA made our list: USAA is one of the highest-scoring insurance companies on the market when it comes to things like J.D. Power’s customer satisfaction studies, but it only serves homeowners who are active duty or retired military service members, or their eligible family members. In addition to excellent customer satisfaction and financial strength, USAA also offers robust coverage that is geared toward service members. Standard policies include all the basics, plus military uniform coverage. Earthquake insurance and home-sharing coverage are also available.

Who USAA may be good for: Service members stationed at Malmstrom AFB may want to take a look at USAA for excellent coverage at a reasonable price point. Even those retired from military service and their family members may find the company's excellent reputation for customer service appealing.

Chubb

Best for high-value homes

Rating: 3.5 stars out of 5
3.5 Bankrate Score
JD Power: 809/1,000 AM Best: A++

Average annual premium

$ 1,143 for $250k dwelling coverage
Chubb Review Get a personalized quote

Why Chubb made our list: Chubb won a Bankrate Award for high-value home insurance, and many of its coverage options are tailored for those with homes that are worth $300K or more. The company also offers some traditionally optional coverage types as standard. Chubb's Masterpiece homeowners insurance, for example, includes extended replacement cost coverage, risk consulting and a cash settlement if you decide not to rebuild. 

Who Chubb may be good for: Chubb is a good choice for those looking for reasonably priced insurance that comes with extras. The company also offers excellent financial strength and rates that were on the low side for Montana home insurance.

Allstate

Best for digital tools

Rating: 3.5 stars out of 5
3.5 Bankrate Score
JD Power: 815/1,000 AM Best: A+

Average annual premium

$ 2,052 for $250k dwelling coverage
Allstate Review Get a personalized quote

Why Allstate made our list: Allstate has a robust set of digital tools for policyholders. You can file a claim, pay your bill and access your insurance cards either on the website or the highly-rated mobile app, and the website features informational articles on everything from maintaining your water heater to testing your smoke detectors.

Who Allstate may be good for: Although Allstate has a significant agent presence in Montana, it could be a good choice for anyone who prefers to handle their insurance business online versus with an in-person agent.

Travelers

Best for unique discounts

Rating: 3.3 stars out of 5
3.3 Bankrate Score
JD Power: 794/1,000 AM Best: A++

Average annual premium

$ 1,679 for $250k dwelling coverage
Travelers Review Get a personalized quote

Why Travelers made our list: Travelers offers robust coverage options for policyholders and has multiple discounts, including some less common ones. For example, it offers a green home discount. If your home is a certified green home, you can save up to five percent on your policy. Other discounts include multi-policy, loss-free, and a discount for anyone who has purchased their home within 12 months of signing up for a policy.

Who Travelers may be good for: Travelers is worth looking at if you want to save money, since their various discounts may lower your premium rate considerably. This is especially true if you have a green home; few insurers offer discounts for building in an environmentally responsible way, but Travelers does.

State Farm

Best for extensive agent network

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: 829/1,000 AM Best: A++

Average annual premium

$ 1,885 for $250k dwelling coverage
State Farm Review Get a personalized quote

Why State Farm made our list: State Farm is the largest home insurance provider in the country. If you need to meet with an agent to discuss your policy, State Farm has locations in 12 Montana cities, making it a good choice for those who like to build a relationship with their agent. However, State Farm also delivers if you prefer to manage your policy online, with a highly-rated app and website that offer maximum functionality for policyholders.

Who State Farm may be good for: If you are someone who likes to meet with your agent in person, get to know them over time and know that they are looking out for your needs, consider State Farm. It has an above-average rating for customer service, as well as offices across the state for your convenience.

How Bankrate chose the best home insurance companies in Montana

Bankrate's choices for the best Montana homeowners insurance companies were based on an extensive review by Bankrate’s experienced team of licensed insurance agents and editors. Average rates were collected from Quadrant Information Services and correlated with our research on coverage options, discounts, third-party reviews and more. 

With these data points combined, we calculated a Bankrate Score on a five-point scale, with higher scores indicating a company that performed highly in multiple categories and is likely to offer the best options for Montana homeowners.

Clock Wait
46
years of industry expertise
Search
122
carriers reviewed
Location
20.7K
ZIP codes examined
Dollar Coin
1.2M
quotes analyzed

How much is homeowners insurance in Montana?

The average annual premium for home insurance in Montana is $1,736 per year. This is significantly higher than the national average rate of insurance, which is $1,428 per year. Many factors could be contributing to Montana’s higher-than-average home insurance costs, such as inflation affecting the cost of labor and materials or a rise in covered losses.

In fact, the cost of homeowners insurance in Montana is higher than in most neighboring states. Idaho’s statewide average premium for home insurance is $905 per year, and in Wyoming, the statewide average rate is $954 per year. Home insurance premiums in Montana could be more expensive because the state faces a greater risk of damaging events, like wildfires and tornadoes.

Montana home insurance rates by dwelling coverage

Insurance company $150K $250K $350K $450K $750K
$930
$1,259
$1,498
$1,704
$2,261
$846
$1,143
$1,442
$1,741
$2,657
$1,571
$2,052
$2,443
$2,770
$3,928
$1,066
$1,679
$2,102
$2,552
$4,416
$1,337
$1,885
$2,297
$2,840
$4,433
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.

Montana homeowners insurance rates by city

Rates can vary greatly, even within a single state such as Montana. Rates tend to be lower, for example, in areas with low crime rates or regions that don't experience as many natural disasters. Here are a few of the cities in Montana with average rates below the state average:

  • Alder: $1,584 — 9 percent below the state average
  • East Helena: $1,584 — 9 percent below the state average
  • Bonner: $1,585 —  9 percent below the state average
  • Milltown: $1,586 — 9 percent below the state average
  • Victor: $1,586 — 9 percent below the state average

More expensive premiums may be found in areas with a higher percentage of high-value homes, meaning that the average rate overall will be higher. Average rates will also increase in regions that are likely to experience a higher number of claims, such as an area that is prone to damage from wildfires.

  • Shelby: $2,033 — 17 percent above the state average
  • Lloyd: $2,031 — 17 percent above the state average
  • Turner: $2,028 — 17 percent above the state average
  • Park City: $2,028 — 17 percent above the state average
  • Dodson: $2,027 — 17 percent above the state average

How to find the best cheap home insurance in Montana

No matter the value of your home, you don't want to spend more on your insurance than you need to. Finding the best cheap home insurance in Montana isn't difficult — especially if you follow our strategies when you are looking:

  1. Shop around: Every insurance company uses its own proprietary methods for determining your rate. Because of this, you will get a range of quotes when shopping around, even if they are all for exactly the same coverage. Insurance professionals generally recommend requesting quotes from at least three Montana homeowners insurance companies so you can determine which is able to offer you the best rate. 
  2. Raise your credit score: In states where the law doesn’t prohibit it, many insurers use your credit history when determining how much to charge for home insurance. Research shows that people with stronger credit tend to file fewer claims, so giving your credit a boost may help you land a cheaper policy.
  3. Maintain or repair your roof: An aging roof can lead to costly claims, especially in Montana which sees frequent winter storms. You are likely to earn a lower premium rate if your roof is on the newer side. Be sure to let your insurer know the age of your roof when you purchase your policy to see if you qualify for savings.
  4. Bundle your policies: Your insurance company wants as much of your business as possible, so if you have more than one policy at a single company, you are likely to earn a lower rate on your premium. This is most often seen when you bundle your homeowners insurance with your auto policy.

Common home insurance discounts in Montana

There are several common options for discounts in Montana. Here are a few of the more common home insurance discounts offered by Montana insurers:

Home insurance coverage options in Montana

Part of the home insurance buying process is choosing coverage options and policy limits tailored to your home. While some policy features come standard and can be adjusted, others need to be purchased separately. These include:

  • Flood insurance: Damage from flooding could be a major concern depending on where your home is located. As floods are excluded from standard homeowners insurance policies, you will need to purchase a separate policy either from the National Flood Insurance Program (NFIP) or from a private carrier.
  • Earthquake insurance: Similar to flood insurance, earthquake insurance will need to be purchased separately from homeowners insurance. Most of Montana’s seismic activity occurs in the western portion of the state, making earthquakes more of a concern for homes in this area.
  • Identity theft insurance: This coverage type may be included in your basic policy or may be an added endorsement that you can purchase for your policy. It covers costs involved if your identity or identifying information such as your social security number, is stolen. This may include legal services, credit monitoring and reimbursement of costs such as replacing credit cards and driver's license. 
Insurance Home
Recent news: Montana Commissioner recommends flood insurance

Troy Downing, Commissioner of securities and insurance for the state of Montana, has written extensively about the need for many of Montana's residents to consider flood insurance even if they do not live in a FEMA-recognized flood zone. According to the commissioner, floods occur frequently during the spring and early summer months, and may also occur after wildfires, which are common in some parts of the state.

As the commissioner has noted, flood insurance is available either through private insurers or through the NFIP, which is administered by FEMA. The NFIP covers your home and belongings following a flood. Flood damage is not covered by standard HO-3 home insurance policies, which are the most common type of policy written for residential homes.  

Although flooding may happen near major bodies of water, you could be in a flood zone even if you live near a small creek or gully that fills with water after a rainstorm. Flooding is as common with small bodies of water as it is with large rivers or lakes. Montana residents should ask their insurance agent if a flood insurance policy would be a good choice to protect themselves from the extensive damage.

Frequently asked questions

Written by
Mary Van Keuren
Contributor, Insurance

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Edited by Editor, Insurance