Best and Cheapest Homeowners Insurance in Montana for 2024

Thinking about having to file a homeowners insurance claim is likely the last thing you want to worry about as a homeowner. But the reality is whether it’s a water damage claim, an injury to a third party, a break-in or damage from a natural disaster, there are unfortunately plenty of potential reasons to file a claim with your homeowners insurance company. In the event that time comes, don’t you want to feel confident you’ve protected your home with one of the best Montana homeowners insurance companies?

To help you be more confident in your homeowners insurance company, we have reviews and rankings for hundreds of homeowners insurance companies so you can evaluate and compare the best Montana home insurance companies. In the table above, you can sort through every homeowners insurance company ranked on Clearsurance that’s available in Montana. Next to each insurer you’ll find the company’s rating, which is based exclusively on the reviews and ratings provided by customers. Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the Montana homeowners insurance rankings.

If you’re looking for additional information on one of the best homeowners insurance companies in Montana, you can visit the company’s profile page where you’ll learn about the company, additional coverages and potential discounts offered. You can also read reviews to see what other policyholders have to say about the home insurance company.

On this page:

• Best homeowners insurance rates in Montana for a $200K dwelling
• Best homeowners insurance rates in Montana for a $400K dwelling
• Montana property crime statistics
• Montana disaster statistics

Who offers the best homeowners insurance rates in Montana for a $200K home?

Of the companies analyzed, Safeco offers the cheapest homeowners insurance rates in Montana, on average, for a $200K home.

You can find average homeowners insurance rates for the five largest companies in Montana in the table below.

These rates are based on a $200,000 dwelling with the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Montana will differ. Rate data is provided by Quadrant Information Services.

Who offers the best homeowners insurance rates in Montana for a $400K home?

For a $400K home in Montana, Safeco Insurance offers the cheapest homeowners insurance rates, on average, out of the companies analyzed.

Compare the average Montana homeowners insurance rates for all five of the largest home insurance companies in the state below.

These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Montana will differ. Rate data is provided by Quadrant Information Services.

What do Montana property crime statistics indicate?

Theft and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. So, how does crime in Montana compare to other states around the country? The FBI published the following statistics on crime in Montana for 2016:

• Property crime - 27,976
• Burglary - 3,934
• Larceny theft - 21,299

When compared to the national average rate per 100,000 inhabitants, property crime and larceny theft in Montana rank above the national average but burglary ranks below.

What do Montana disaster statistics indicate?

Weather-related incidents are typically among the costliest homeowners insurance claims. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the Montana federally declared disasters since 1953:

• Fire - 42
• Severe storm - 12
• Flood - 10
• Hurricane - 1
• Snow - 1
• Tornado - 1

How are homeowners insurance rates calculated in Montana?

Ever wonder why you pay what you do for home insurance? Some things may be obvious, like the age of your home. But other factors that contribute to the price of homeowners insurance in Montana may not be as obvious. Here’s a list of some of the things homeowners insurance companies consider when quoting you a rate:

• The level of coverage required
• The size of your mortgage
• Your credit score
• The square footage of your home
• The geographic location of your home in Montana
• The condition of your home
• The age of your home
• The proximity of your home to a fire station
• Your previous claims record
• The amount of your deductible
• Optional add-ons like umbrella insurance

Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value.

The average cost of homeowners insurance in Montana is not cheap, however, having a homeowners policy is valuable as it can protect you from natural disasters. Compared to the national average cost, homeowners in Montana pay more than other states. In fact, the cost of homeowners insurance is higher than in the surrounding states because Montana faces a great risk of losses like wildfires and tornadoes. Homes across Montana are at risk of damage from many weather-related events so it's important to have the right policy to protect you from such hazards.

Homeowners should be aware of the common causes of loss such as: wind and hail damage, lightning and fire damage, water damage and flooding, and earthquakes.

Basic coverage options include dwelling coverage, personal property coverage, and additional living expenses. In addition to the standard home insurance policy, homeowners should consider getting optional coverage for extra protection such as: earthquake insurance, identity theft coverage and water backup coverage.

You may be able to save on your annual premium if you have a clean claims history, install a fire alarm, own a newer home, renovate your electrical, heating or plumbing systems and have a reinforced roof.

How does Clearsurance rate and rank the best homeowners insurance companies in Montana?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Homeowners Insurance Guide

Your home is likely your most valuable asset, making it that much more important that you insure your home with one of the best Montana homeowners insurance companies. But beyond just picking a company, it’s crucial to have the right coverage and to understand that coverage. Did you know that a standard homeowners insurance policy has six types of coverage? And did you know that there are usually 16 types of perils found in a homeowners insurance policy?

At Clearsurance, we want to make sure you have a strong understanding of your homeowners insurance coverage and what it all means. Check out our homeowners insurance guide to become a smarter insurance customer. And for more educational content on other homeowners insurance topics, check out our homeowners insurance blog!