Cheapest Home Insurance in Montana


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Key Takeaways

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Chubb offers the lowest-cost home insurance in Montana overall, with potential savings of up to 93%.

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Chubb offers the cheapest homeowners insurance in Montana if you own a new home or have bad credit.

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Chubb offers the most affordable home coverage for those in high-risk fire areas in Montana.

What is the Cheapest Home Insurance in Montana?

Chubb is the cheapest home insurance option for most homeowners in Montana, with an average monthly savings of $414. Below is a summary of the most affordable providers in the state.

Chubb$85$1,01777%
American Modern$162$1,93956%
State Farm$198$2,37646%
Nationwide$200$2,39746%

*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.

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THE CHEAPEST COMPANY MAY NOT BE THE BEST FOR YOU

While these companies may offer the lowest rates in Montana, evaluating their customer service reputation and coverage options is important. To help, we’ve created a separate guide to the best home insurance companies in Montana, providing a more comprehensive overview.

Cheapest Montana Home Insurance Rates by Category

While we’ve listed the cheapest options for most homeowners, those rates may not reflect your specific situation. For instance, while Chubb is typically the cheapest overall, Chubb offers the best rates for newer homes. To help, we’ve outlined the cheapest companies on average for common categories.

ChubbOlder Homes$85
ChubbNewer Homes$71
ChubbHomes in High Risk Fire Areas$85
ChubbBad Credit$85

*Rates are modified based on our methodology’s base profile. Newer home estimates are based on a home built in 2023, high-risk fire estimates are for a policy with 8-class fire protection, and bad credit rates assume a poor credit score on the FICO scale.

Compare Personalized Cheap Montana Home Insurance

The companies listed above typically provide the best rates for their categories, but actual rates vary based on your unique profile. Use the filter below to get a personalized list of the cheapest providers for your situation.

Data filtered by:Results filtered by:
Select
Coverage Level:$250K Dwelling / $125K Personal Property / $200K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Home Age:Older Homes
Chubb$85$1,017
American Modern$162$1,939
State Farm$198$2,376
Nationwide$207$2,487
Farmers$269$3,228

Cheapest Montana Home Insurance By City

Risk factors for insurers vary by location, making some providers more affordable than others. For example, while Farmers is the cheapest in most Montana cities, State Farm and Nationwide offer lower rates in places like Amarillo and McAllen.

BillingsChubb$71

*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.

How To Find the Cheapest Montana Home Insurance for You

Finding affordable home insurance in Montana can be challenging, but you can significantly lower your costs with some effort. Below are our core recommendations to help you maximize savings on your policy.

  1. 1

    Determine your coverage needs

    It's easy to get oversold on coverage when you don't have limits in mind before buying. Determine your home insurance coverage needs beforehand to avoid purchasing too much. Understanding the different types of home protection available helps ensure you don't miss something important.

  2. 2

    Research home insurance cost information

    Look into home insurance costs in Montana to find rates that match your budget. Make sure to inquire about every discount available because insurance companies typically don't offer these savings without being asked.

  3. 3

    Bundle your policies

  4. 4

    Compare multiple companies apples to apples

    To ensure you’re getting a good deal, compare quotes for the same coverage. Once aligned, gather as many quotes as possible using different methods to find the best rate.

  5. 5

    Use state-provided programs

    If you have a high-risk profile and face coverage denials or unaffordable rates, Montana does not offer a state FAIR Plan program. Despite experiencing various weather risks, the state's competitive insurance market continues to provide coverage options through private insurers without the need for a residual market mechanism.

Cheap Home Insurance Montana: Bottom Line

Chubb, American Modern, and State Farm stand out as Montana's most affordable home insurance providers.

Denied coverage? State programs are here to help with low-cost policies. Compare different companies, delve into costs, and understand your coverage needs before making a choice.

Cheapest Home Insurance Montana: FAQ

Below are answers to frequently asked questions about the cheapest home insurance in Montana.

What is the cheapest home insurance company in Montana?

How expensive is home insurance in Montana?

How much is home insurance in Montana?

How much home insurance do I need?

How We Found the Cheapest Home Insurance Companies in Montana

To determine the cheapest home insurance companies in Montana, we assumed the following base profile:

  • $250K dwelling coverage
  • $125K personal property coverage
  • $200K liability coverage
  • Home built in 2000
  • Frame construction
  • Composition roof
  • $1,000 all perils deductible
  • No claims in the past 5+ years
  • 3-class fire protection

All other combinations were adjusted based on this profile to provide a more accurate comparison for your specific situation. However, these figures are estimates, and we recommend comparing quotes from multiple providers to secure the best deal.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.

Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!

Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.


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