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If you own a condo, it is important to have the best condo insurance. This type of insurance will protect your home and belongings in case of a disaster or other event. In addition to protecting your belongings from damage or destruction, condo insurance also provides liability coverage that could provide protection in the event of an accident.

Condo insurance is a great way to protect your investment from an unexpected event. It covers your condo's interior structure, belongings that are not covered by your homeowners association (HOA) insurance policy.

This guide will help you know about the best condo insurance companies in Montana, also find out the least and most expensive zip codes for Montana homeowners. Use this resource to find the most affordable condo insurance company in Montana under your budget.

KEY TAKEAWAYS
  • Condo owners in Montana pay an average of $409 per year or $34 per month in condo(HO6) insurance.
  • Allstate is the cheapest condo insurance company in Montana at only $259 per year.

Best condo insurance companies in Montana

In Montana, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction rating of all the major insurers across Montana. Below are the best condo insurance companies in Montana based on Insurance.com's analysis.

  • USAA
  • State Farm
  • Allstate
  • Safeco
  • Travelers

Compare best condo insurance companies in Montana

USAA is our top pick for the best condo insurance company in Montana. It has earned 882 scores out of 1000 from J.D. Power, the highest among the carriers surveyed. Although the services offered by USAA can be availed only by military veterans and their family members. Apart from USAA, State Farm can be your best bet for condo insurance in Montana. It has received 835 scores out of 1000 from J.D. Power and an A++ rating from AM Best.

Buying condo insurance is different from getting a standard homeowners insurance policy. Condo insurance and single-family homeowners insurance seem to be the same thing. Just like a traditional home insurance policy, condominium insurance covers-

  • Personal property coverage- This covers your personal belongings such as furniture, electronics, clothing, and jewelry.
  • Liability protection- This provides protection if someone is hurt or injured on your property, or you damage someone else's property.
  • Dwelling coverage- It protects the building itself and any structures in it.
CompanyJ.D. Power scoreAM Best rating
USAA882A++
State Farm835A++
Allstate829A+
Safeco810A
Travelers800A++

Average cost of condo insurance in Montana

The average cost of condo insurance in Montana is $409 per year or $34 per month for $40,000 as personal property coverage with a $1,000 deductible and $100,000 in liability protection. However, rates can vary, based on the insurance company you choose and the zip code you live in.

If you are looking to buy a condominium, condo insurance is an important consideration. Not only does it provide coverage for common areas and appliances in the building but also provides protection for personal belongings and the interior of the unit against damage caused by fire or theft, vandalism, or natural disasters.

Investing in a condo is one of the largest investments you'll make in your lifetime. Therefore, it makes sense to protect this investment with condo insurance.

Average annual premiumAverage monthly premium
$409$34

CONDO INSURANCE CALCULATOR

Average condo insurance rates in MONTANA

$60,000
$1,000
$100,000
59901 - Evergreen
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $517

HIGHEST RATE: $2,128 LOWEST RATE: $149

Most & least expensive zip codes for condo insurance in Montana

Most Expensive

Zip CodeCityHighest Rate
59462Moccasin$802
59452Hobson$797
59479Stanford$795
59412Belt$749

Least Expensive

Zip CodeCityLowest Rate
59848Lonepine$478
59845Hot Springs$479
59831Dixon$479
59082Springdale$480

Condo insurance rates by companies in Montana

Based on Insurance.com's rate analysis, Allstate is the cheapest condo insurance company among the carriers surveyed. Its average annual premium is $259---$150 less than the state average ($409). Apart from Allstate, Safeco, State Farm and Travelers are the other three cheap insurance companies in Montana for condo insurance.

Condo insurance rates can vary based on where you live, how much liability protection you need and how comprehensive your condo insurance coverage is. In order to find the perfect condo insurance policy, it's important that you get a number of quotes and compare rates. This is one of the best ways to get a great condo insurance policy in Montana.

Below is the list of best condo insurance providers and their average annual premium for Montana residents.

CompanyAverage annual premium
Allstate$259
Safeco$321
State Farm$336
Travelers$342
Foremost$406
Fire Ins Exch$493
USAA$706

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