Best and Cheapest Renters Insurance in Montana for 2025 (10 Most Affordable Companies)

Starting as just $10/month, USAA, State Farm, and Geico lead as the best and cheapest renters insurance in Montana.

USAA offers exclusive benefits like worldwide coverage, making it perfect for military families. State Farm provides flexible, customizable policies for renters on any budget. Geico stands out with competitive rates and bundling discounts to save even more.

Company	Rank	Monthly Rates	A.M. Best	Best For	Jump to Pros/Cons
	#1	$10	A++	Exclusive Membership	USAA
	#2	$12	B	Nationwide Presence	State Farm
	#3	$13	A++	Online Efficiency	Geico
	#4	$14	A	Competitive Rates	Liberty Mutual
	#5	$17	A+	Large Network	Nationwide
	#6	$19	A+	Discount Variety	Allstate
	#7	$20	A	Loyalty Rewards	American Family
	#8	$21	A++	Broad Coverage	Travelers
	#9	$25	A	Customizable Packages	Farmers
	#10	$39	A+	Bundled Savings	Progressive

Compare these top providers to secure the best renters insurance for your needs. Instantly compare quotes by using our free comparison tool.

What You Should Know

• USAA offers unmatched renters insurance benefits, which is ideal for military families in Montana
• Find the best and cheapest renters insurance in Montana starting at just $10 monthly
• Customizable policies and bundling discounts make coverage affordable and flexible

#1 – USAA: Top Overall Pick

Pros

• Worldwide Protection: USAA covers renters insurance in Montana for members globally. Discover insights in our USAA insurance review.
• Specialized Military Benefits: Tailored perks for veterans and active-duty families, including deployment coverage.
• Housing Reimbursement: Renters insurance in Montana includes coverage for temporary living expenses.

Cons

• Strict Membership Criteria: Only military families in Montana are eligible for renters insurance.
• Limited Customization: USAA offers fewer policy options for renters insurance in Montana than competitors.

#2 – State Farm: Best for Nationwide Presence

Pros

• Renters-Focused Discounts: Savings for installing security systems in Montana rentals. Unlock details in our State Farm review.
• Personalized Policies: Unique customization options to match specific renter needs in Montana.
• Local Agents: Accessible in-person support across urban and rural Montana.

Cons

• Moderate Financial Rating: A B rating could cause concern for some renters in Montana.
• No Veteran Benefits: State Farm lacks military-specific discounts for renters insurance in Montana.

#3 – Geico: Best for Online Efficiency

Pros

• Instant Quotes: Quick online comparisons for renters insurance in Montana.
• Cost-Effective Bundles: Save by combining renters insurance in Montana with auto coverage.
• User-Friendly App: Easily manage renters insurance in Montana policies and claims on the go.

Cons

• Limited Local Presence: Fewer Montana-based agents for personalized advice. Delve into our evaluation of the Geico insurance review.
• Outsourced Policies: Renters insurance in Montana is underwritten by third-party providers.

#4 – Liberty Mutual: Best for Competitive Rates

Pros

• Instant Coverage: Policies start the same day for Montana renters in need of quick protection.
• Inflation Adjustment: Montana renters insurance policies adapt to rising property values.
• Unique Add-Ons: Optional features like identity theft recovery for renters in Montana. Access comprehensive insights into our Liberty Mutual insurance review.

Cons

• Higher Deductibles: Offers fewer low-deductible options for renters insurance in Montana.
• Limited Flexibility: Liberty Mutual offers fewer policy add-ons for renters insurance in Montana renters.

#5 – Nationwide: Best for Large Network

Pros

• Water Backup Coverage: Optional add-on for damage from sewer or drain issues in Montana.
• Green Home Discount: Incentives for eco-friendly renters in Montana properties. Discover more about offerings in our Nationwide insurance review.
• Reliable Claims Support: An extensive network ensures timely assistance in all parts of Montana.

Cons

• Sparse Discounts: Limited savings opportunities for renters insurance in Montana.
• Higher Costs: Monthly premiums for renters insurance in Montana start at $17, above the state average.

#6 – Allstate: Best for Discount Variety

Pros

• Claim-Free Discount: Savings for renters in Montana who avoid filing claims.
• Property Protection: Additional coverage for valuables like jewelry with renters insurance in Montana.
• Retiree Savings: Discounts tailored for senior renters in Montana. Check out insurance savings in our complete review of Allstate insurance.

Cons

• Slow Claims Process: Some Montana renters report delays in reimbursement.
• Premium Costs: Renters insurance in Montana starts at $19/month, which is higher than many competitors.

#7 – American Family: Best for Loyalty Rewards

Pros

• Long-Term Incentives: Loyalty programs reward renters with renters insurance in Montana.
• Dedicated Local Agents: Personalized advice for renters insurance in Montana policies. See more details on our American Family review.
• Risk-Specific Policies: Tailored insurance coverage for renters in Montana's high-risk flood areas.

Cons

• Regional Limitations: Limited availability in some rural Montana regions.
• Basic Digital Features: Fewer online tools for managing renters insurance in Montana policies.

#8 – Travelers: Best for Broad Coverage

Pros

• Rare Risk Coverage: Travelers insures renters in Montana against volcanic eruptions and other unique hazards.
• High Liability Limits: Renters insurance in Montana offers more excellent protection than standard policies. Learn more in our Travelers insurance review.
• Temporary Housing Coverage: Comprehensive policies cover renters insurance in Montana during displacement.

Cons

• Complex Policy Terms: Coverage details can be hard to navigate for renters in Montana.
• Renewal Premium Hikes: Rates for renters insurance in Montana often increase upon renewal.

#9 – Farmers: Best for Customizable Packages

Pros

• Modular Plans: Build renters insurance in Montana with only the coverage you need. To find out more, explore our Farmers insurance review.
• Pet Damage Coverage: Optional add-ons for renters insurance in Montana include pet-related damage protection.
• Multi-Location Coverage: Policies available for renters with multiple Montana residences.

Cons

• Costly Premiums: Starting at $25/month, rates are among the highest in Montana.
• Limited Add-Ons: Farmers offers fewer additional options for renters insurance in Montana policies.

#10 – Progressive: Best for Bundled Savings

Pros

• Accident Forgiveness: Offers leniency for renters filing their first claim in Montana. For additional details, explore our Progressive insurance review.
• Discounted Bundles: Combine renters insurance in Montana with other policies for significant savings.
• Nationwide Coverage: Ideal for Montana renters moving frequently across the country.

Cons

• Expensive Policies: Starting rates are $39/month, far higher than other options in Montana.
• Limited Features: Montana renters insurance policies lack specialized add-ons like replacement cost coverage.

Comparing Monthly Costs for Montana Renters Insurance

Montana renters who are looking for reasonably priced insurance have many possibilities. The top option is USAA, ideal for military families because its monthly premiums start at just $10.

Insurance Company	Monthly Rates
	$19
	$20
	$25
	$13
	$14
	$17
	$39
	$12
	$21
	$10

State Farm, which provides flexible and affordable coverage, comes in second at $12. Geico and Liberty Mutual are also strong contenders with rates of $13 and $14, while Nationwide offers solid options starting at $17. Allstate and American Family provide plans at $19 and $20 a month for mid-range prices.

Travelers and Farmers come in at $21 and $25 if you want more comprehensive insurance coverage. At $39 a month, Progressive caters to those who may benefit from bundling options. With such a variety of rates, there's something to fit every renter's needs and budget in Montana.

Smart Ways to Save on Renters Insurance in Montana

If you're renting in Montana, there are plenty of ways to save on your insurance. Companies like USAA and Geico offer great bundling deals when you combine renters insurance with auto coverage.

If you've been claims-free, you can snag discounts from Liberty Mutual or Nationwide, while loyalty rewards from State Farm and American Family are perfect for long-term customers. Farmers and Progressive also cut you a break if you've added safety features like smoke detectors or fire extinguishers to your home.

Insurance Company	Available Discounts
	Bundling, Early Signing, Claims-Free, Home Safety Equipment
	Bundling, Claims-Free, Loyalty, Smart Home
	Bundling, Claims-Free, Home Safety, New/Renovated Home
	Bundling, Home Safety, Smoke Detector, Fire Extinguisher
	Bundling, Claims-Free, Early Shopper, Paperless Billing, Home Safety
	Bundling, Protective Device, Claims-Free, Paperless Billing
	Bundling, Paperless Billing, Claims-Free, Home Safety
	Bundling, Home Safety, Claims-Free, Loyalty
	Bundling, Claims-Free, Home Protection, Green Home
	Bundling, Claims-Free, Home Security System, Loyalty

Switching to paperless billing or signing up can save you even more with providers like Liberty Mutual and Progressive. With so many options, finding affordable renters insurance is easy without sacrificing solid coverage.

Several factors shape Montana's renters insurance rates. Traffic density earns an A- for low congestion, while average claim sizes, graded B+, help lower costs.

Discount Name	Grade	Savings	Participating Providers
Bundling	A	15%	USAA, Geico, Progressive, State Farm, Allstate, American Family
Security System Installed	A-	10%	Nationwide, Farmers, Travelers, Liberty Mutual
Claims-Free Discount	B+	8%	USAA, State Farm, Allstate, Farmers, Liberty Mutual
Automatic Payment	B	5%	Geico, Progressive, Farmers, American Family
Paperless Billing	B	4%	Travelers, Nationwide, Liberty Mutual, Allstate

Vehicle theft rates (B-) and weather risks (C+), including hail and wildfires, add moderate risks. The percentage of drivers without insurance (C) also affects the price of policies.

Read More: Renters Insurance Guide

Factors Shaping Renters Insurance Costs in Montana

Several factors determine the cost of renters insurance in Montana. There are fewer accidents to be concerned about when traffic density receives an A- for minimal congestion. A B+ rating indicates that average claim sizes are lower than typical, which lowers expenses.

Category	Grade	Explanation
Traffic Density	A-	Low traffic congestion
Average Claim Size	B+	Lower claims than average
Vehicle Theft Rate	B-	Moderate theft hotspots
Weather-Related Risks	C+	Hail, Snow, Wildfire Risks
Uninsured Drivers Rate	C	High uninsured driver rate

On the other hand, car theft rates receive a B-, with moderate dangers in some places. Weather risks like hail and wildfires earn a C+, and uninsured drivers push the state to a C. Choosing a policy tailored to Montana's risks ensures solid coverage.

Accidents and claims differ across Montana cities, affecting your renters' insurance. Billings tops the list with 1,200 accidents and 800 claims yearly, followed by Missoula at 950 and 700.

City	Accidents per Year	Claims per Year
Billings	1,200	800
Bozeman	650	500
Butte	550	450
Great Falls	870	620
Helena	620	490
Kalispell	480	380
Missoula	950	700

Great Falls, Bozeman, and Helena sit in the middle, while Kalispell sees the fewest incidents, with 480 accidents and 380 claims. Picking coverage that fits your city's risks is a smart move.

Montana Renters deals with various claims, each with different costs. Fire and smoke are the most common, making up 35% of claims and averaging $12,000. Water damage comes next at 25%, costing about $4,500 per claim, while theft accounts for 20% with an average cost of $2,000.

Claim Type	Portion of Claims	Cost per Claim
Fire and Smoke	35%	$12,000
Water Damage	25%	$4,500
Theft	20%	$2,000
Weather-Related	15%	$6,000
Liability Claims	5%	$10,000

Weather-related issues, like hail or snow, make up 15% and cost around $6,000, and liability claims, though rare at 5%, can average $10,000. By understanding these risks, renters can focus on coverage for the most likely and expensive incidents, helping them save money on homeowners insurance and prevent claims in the long run.

Renters Insurance for Montana College Students

If Montana is your destination for college, you may rent an off-campus apartment while getting your degree. There are a few things college students renting housing in Montana should consider to protect their personal belongings. Renters insurance is simplified for millennials, which makes it easier for students to understand and choose the right coverage.

Typically, college students who live in dorms on campus are covered by their parents' homeowners insurance policy. That's usually only the case for students who live on campus, though. Renter's insurance is a good option for Montana college students who live off campus because their belongings won't be covered by their parent's policy. They will not have any protection if they do not have renters insurance coverage.

Roommates are a common occurrence for college students who rent apartments. Students who share renters insurance plans with roommates are not encouraged to do so. Instead, each student should have their own renters insurance policy to protect their belongings.

Montana Property Crime Statistics

Theft, vandalism, or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in Montana compare to other states nationwide?

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. Renters insurance covers theft, providing renters essential protection against losses from these higher-than-average property crimes.

Affordable Coverage Options for Montana Renters

Although it might be less expensive than other insurance plans, nobody wants to pay more than necessary. Which options are available to you to save money on your Montana renters insurance premium?

Here are the top 5 ways to save on your renters insurance:

• Raise Your Deductible
• Ask About Potential Discounts
• Bundle Your Policies
• Determine the Value of Your Personal Property
• Pay in Full by Check

Saving money on renters insurance in Montana is easier than you think. Small changes like raising your insurance deductible, bundling policies, or asking about discounts can help lower your premium without sacrificing coverage.

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• Price
• Customer Service
• Claim Service
• Likelihood to Renew

The algorithm also considers the proportion of consumers who believe the business does well against those who believe it could do better. This process ensures that Clearsurance’s customers’ choice of top-ranked insurance companies reflects genuine feedback and experiences. The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Understanding Renters Insurance Coverage in Montana

For example, did you know that renters' insurance policies sometimes include liability coverage for injuries caused by non-residents on the property? Furthermore, if an incident renders your flat useless, certain insurance companies may cover your expenses while you hunt for temporary housing. It's crucial to know what your renters' insurance does not cover, as things like earthquake or flood damage usually call for separate coverage.

For instance, liability coverage for injuries sustained by visitors on the premises is a typical feature of renters' insurance policies. Additionally, some insurance may cover your expenses while you search for temporary housing if an occurrence makes your apartment useless.

Please review our renters insurance guide so that you are adequately informed about renters insurance. Are you looking for additional educational resources regarding renters insurance? Just enter your ZIP code into our free comparison tool, and you can obtain the lowest rates for any level of coverage you require.