Montana Homeowners Insurance

Find the Best Homeowners Insurance Rates & Companies in Montana

The current average cost of homeowners insurance in Montana is $1,736 per year or just about $145 per month. Home insurance rates in Montana are quite a bit above the current national average rate. This could be due to a number of different factors, like the state's property values. But it's critical to have home insurance to protect yourself against losses due to vandalism, fires, lightning, loss of use, and more.

Luckily, a Montana independent insurance agent can help find the best home insurance. They'll make sure you get matched to the policy that meets your personal needs. But first, here's a breakdown of Montana home insurance requirements and more.

Best Homeowners Insurance Companies in Montana

Many different Montana insurance companies offer home insurance. But you're looking for the best quality and the most affordable rate, and you don't want to waste any time searching. So we put together this short list for you of the best Montana home insurance companies. Start with these top-rated carriers.

• USAA: USAA's coverage is only available to active and retired military members and their families. The carrier provides very affordable coverage compared to Montana's average rate, at about $1,259 per year for a policy with $250,000 in dwelling coverage. USAA also ranks high on J.D. Power's customer satisfaction survey and offers many discount options on coverage.
• Allstate: Allstate's average premiums are quite a bit higher than many other carriers in the state, but they have numerous discount options that can help greatly reduce your rates and other coverage customizations that can make up for the added cost. An average home insurance policy from Allstate is about $2,052 per year. The carrier also offers plenty of endorsement options for you to customize your coverage and provides a convenient mobile app to manage your policy from home.
• Travelers: Travelers' policies are much more affordable than Allstate's. Average policies cost $1,679 per year from Travelers. The carrier also offers many endorsements, including options for green home endorsements, water backup endorsements, contents replacement cost endorsements, and personal articles floaters. Additionally, Travelers offers a ton of discounts to help bring down your policy costs.

A Montana independent insurance agent can help you find the right home insurance policy from one of these outstanding local carriers.

What Homeowners Insurance in Montana Can Cover

Montana is prone to many different natural disasters, and the most common to plague the state are wildfires, floods, severe storms, and winter storms. Just having a standard home insurance policy isn't enough to protect your property against losses from every type of natural disaster damage. That's why you must be sure of what your home insurance includes from the start.

Wildfires

Home insurance in Montana covers many types of fire damage, including wildfire damage. Coverage for wildfire damage comes standard in your policy. A home insurance policy can help pay for the costs of rebuilding or repairing your home's structure, as well as repairing or replacing your personal property or contents. It can also pay for additional living expenses if you must temporarily live somewhere else while your home gets repaired for wildfire damage. 

Severe Storms

Home insurance in Montana covers damage caused by lightning strikes and resulting fires, as well as wind damage from severe storms like thunderstorms. However, any natural flood damage that's caused by the rainfall would be excluded. A standard Montana home insurance policy includes protection for wind, lightning, and fire damage.

Severe Winter Storms

Home insurance in Montana covers snow and ice damage that's due to a severe winter storm. It also covers roof collapses due to the weight of snow and ice. Note, though, that any natural flood damage to the home after the snow and ice melts would be excluded.

What Homeowners Insurance in Montana Will Not Cover

Home insurance in Montana, like the rest of the nation, excludes coverage for a couple of types of natural disasters. Flood disasters, as previously mentioned, are excluded from coverage. Earthquakes are another type of natural disaster never covered by Montana home insurance. To protect your home and personal property against losses caused by earthquake damage, you need earthquake insurance. Since Montana does have a moderate flood risk and a portion of the state has a risk of earthquakes, consider adding both of these coverages. A Montana independent insurance agent can help you do just that. 

Flood Damage in Montana

Flooding in Montana is prevalent due to natural disasters like severe thunderstorms and winter storms. However, another type of flooding can also plague homes in Montana, including that caused by backed-up sewers and sewage line breaks or cracks. But you'd need to add a separate rider or endorsement to your home insurance policy in Montana to have coverage for these incidents. More than likely, a standard home insurance policy in Montana excludes sewer backup coverage unless it's specifically added.

Average Cost of Homeowners Insurance in Montana

The average cost of home insurance in Montana currently is $1,736 per year or about $145 per month. Considering that the current national average rate of home insurance is $1,428 per year, Montana's rates are quite a bit higher than this. Montana's higher-than-average rates could be due to many factors like the state's higher property values, a higher crime rate, a higher risk of natural disasters, etc. However, there are still plenty of discount options and other ways to save on home insurance in Montana.

Average Montana Home Insurance Costs by City

The average cost of home insurance in Montana varies by city, as well. The same amount of coverage in one Montana city could come with a completely different rate than in another city. The cheapest home insurance in Montana is currently observed in Miles City, which has an average annual rate of just $778. Here are some Montana cities and their average cost of home insurance.

How well do Montana's cities measure up to the national average?

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,428 year

City	Avg. home value	Burglaries / 1,000 Residents	Annual home insurance cost
Anaconda	$174,906	4.27	$866
Belgrade	$265,834	1.26	$1,180
Billings	$279,092	6.21	$1,218
Bozeman	$354,843	1.04	$1,326
Butte-Silver Bow	$202,017	7.14	$975
Evergreen	$130,355	1.45	$876
Great Falls	$225,898	4.80	$891
Havre	$177,892	3.16	$940
Helena	$248,180	5.77	$1,157
Kalispell	$222,670	2.66	$1,018
Laurel	$259,100	1.76	$887
Livingston	$209,087	1.97	$902
Miles City	$143,900	1.77	$778
Missoula	$376,357	5.10	$1,291
Whitefish	$479,720	2.05	$1,190

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