Chubb Ltd is the best homeowners insurance company in Montana, based on a 2023 analysis by Insurance.com, with an overall rating of 5.0. USAA is the second-best home insurance company in Montana for military members and their families, with an overall rating of 4.7.
Chubb offers the cheapest home insurance in Montana at $1,344 a year.
With so many options out there, it is not easy to choose a homeowners insurance company in Montana. You need a reliable company that will provide you with quality service at an affordable price. If this is what you're looking for, then keep on reading this guide.
Key takeaways
- The average cost of homeowners insurance in Montana is $2,874 a year or $239 a month.
- The cheapest homeowners insurance company in Montana is Chubb. It offers home insurance at an average of $1,344 a year.
- Chubb Ltd ranked as the best insurance company in Montana based on rates, complaints and financial stability.
Average home insurance cost in Montana
The average cost of homeowners insurance in Montana is $2,874 a year or $239 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible.
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, your home's age, among other factors. It’s a good idea to compare price quotes from different Montana homeowners insurance companies to get the best deal.
Best home insurance companies in Montana
The best home insurance company in Montana for 2023 is Chubb Ltd, followed by USAA and Nationwide.
Below is a full list of the top Montana insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| Chubb Ltd | A++ | $1,344 | 0.16 | 5 |
| USAA | A++ | $1,972 | 0.41 | 4.7 |
| Nationwide | A+ | $2,345 | 0.75 | 4.26 |
| State Farm | A++ | $3,111 | 1.07 | 4.03 |
| Farmers | A | $3,592 | 0.33 | 4.01 |
| Allstate | A+ | $2,657 | 2.04 | 3.45 |
| Travelers | A++ | $6,668 | 0.6 | 3.35 |
*USAA only provides coverage to military members, veterans and their families.
Cheapest home insurance companies in Montana
Below are Montana home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see Chubb has the most affordable rates in most categories by a wide margin.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| Chubb Ltd | A++ | $1,344 | 0.16 | 5 |
| USAA | A++ | $1,972 | 0.41 | 4.7 |
| Nationwide | A+ | $2,345 | 0.75 | 4.26 |
| State Farm | A++ | $3,111 | 1.07 | 4.03 |
| Farmers | A | $3,592 | 0.33 | 4.01 |
| Allstate | A+ | $2,657 | 2.04 | 3.45 |
| Travelers | A++ | $6,668 | 0.6 | 3.35 |
*USAA only provides coverage to military members, veterans and their families.
Montana home insurance rates by ZIP code
Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Montana to see which areas are the most and least expensive.
The most expensive ZIP codes in Montana for home insurance
Montana homeowners insurance rates are the most expensive for ZIP code 59085 with an average annual cost of $3,814.
The most expensive ZIP codes in Montana are:
| ZIP code | Average annual rates |
|---|---|
| 59085 | $3,814 |
| 59452 | $3,695 |
| 59345 | $3,621 |
| 59313 | $3,605 |
| 59062 | $3,603 |
| 59344 | $3,572 |
The least expensive ZIP codes in Montana for home insurance
The cheapest ZIP codes for home insurance in Montana are:
| ZIP code | Average annual rates |
|---|---|
| 59921 | $2,005 |
| 59918 | $2,019 |
| 59933 | $2,051 |
| 59927 | $2,130 |
| 59867 | $2,154 |
| 59713 | $2,172 |
