State Farm is one of the best home insurance companies in Montana. Its overall rating is 4 and J.D Power awarded it 835 scores out of 1000, the highest among the carriers surveyed. Besides, A.M Best rated it A++, which is the highest they offer.
Whereas Foremost is the cheapest homeowners insurance company in Montana, based on a rate analysis by Insurance.com. Its average rate for Montana homeowners is $2,466 a year. It's $343 less than the state average ($2,809).
But the cheapest is not always the best. Homeowners insurance coverage varies among insurance providers and thus the home insurance premiums.
Among all the different Montana homeowners insurance companies on the market, it's not easy to find the one that fits your needs. That's why we've created this guide with the information needed for a successful purchase.
We've compiled a list of some of the best and cheap home insurance companies to help you decide which one is best for you.
- Best home insurance companies in Montana
- Compare best homeowners insurance companies in Montana
- Average cost of homeowners insurance in Montana
- 10 Most expensive zip codes in Montana for homeowners insurance
- 10 Least expensive zip codes in Montana for homeowners insurance
- Cheap homeowners insurance in Montana
- Home and auto bundle discounts in Montana
Best home insurance companies in Montana
If you're looking for the best homeowners insurance company in Montana, we've got you covered. We've compiled a list of some of the top-rated insurers in the state and compared their rates, their customer satisfaction rating, J.D. Power score, claims handling and AM Best rating to help make your decision easier. Here is the list of best home insurance companies in Montana:
- State Farm
- Hartford
- Safeco
Compare best homeowners insurance companies in Montana
The best homeowners insurance is not always the most expensive. If you ask yourself, "Which homeowners insurance company should I choose?" Then it might be time to start comparing quotes from different insurance providers and find the one that offers a standard homeowners insurance policy and adequate insurance coverage for your needs.
To help you pick the right homeowners insurance company, we've compared the insurers using the J.D. Power scores as well as ratings from A.M Best.
Following is a list of the best home insurance providers and their average annual premium.
| Company | Overall rating | J.D. Power score | AM Best rating |
|---|---|---|---|
| State Farm | 4 | 835 | A++ |
| Hartford | 4 | 798 | A+ |
| Safeco | 3 | 810 | A |
Average cost of homeowners insurance in Montana
The average cost of home insurance in Montana is $2,809 a year or $234 a month, but this number may vary depending on the coverage options you choose and where you live. Basic coverage options include personal property coverage, dwelling coverage, and additional living expenses.
Many other factors go into determining your home insurance rates in Montana, including property value and local crime rates.
| Average annual premium | Average monthly premium |
|---|---|
| $2,809 | $234 |
10 Most expensive zip codes in Montana for homeowners insurance
You may know that homeowners insurance costs vary significantly by ZIP code. The most expensive ZIP code for homeowners insurance in Montana is 59044. Its average annual rate is $3,149, and it's $340 more than the state average ($2,809).
Home insurance rates vary depending on where you live. Besides ZIP code, insurers consider these factors to decide your home insurance cost-
- Building costs in your area
- Your home's square footage
- Your own home's construction and materials used
- Crime rates in your locality
- Risk of damage caused by certain types of disasters
Let's take a look at the most expensive ZIP codes and their average annual home insurance rates-
| ZIP code | Average annual rate |
|---|---|
| 59044 | $3,149 |
| 59106 | $3,116 |
| 59088 | $3,022 |
| 59461 | $3,015 |
| 59002 | $3,013 |
| 59326 | $2,988 |
| 59336 | $2,984 |
| 59313 | $2,982 |
| 59079 | $2,948 |
| 59037 | $2,925 |
10 Least expensive zip codes in Montana for homeowners insurance
Below is a list of the ten least expensive ZIP codes for homeowners insurance in Montana, based on Insurance.com's rate analysis. You will find that the least expensive ZIP code for home insurance in Montana is 59860. Its average annual insurance cost for Montana homeowners is $1,735---$570 less than the national average ($2,305).
| ZIP code | Average annual rate |
|---|---|
| 59860 | $1,735 |
| 59845 | $1,747 |
| 59853 | $1,774 |
| 59848 | $1,778 |
| 59844 | $1,791 |
| 59859 | $1,852 |
| 59864 | $1,854 |
| 59901 | $1,865 |
| 59821 | $1,880 |
| 59873 | $1,888 |
Cheap homeowners insurance in Montana
Foremost, USAA, Travelers, Safeco, and Allstate are the top five cheap homeowners' insurance companies in Montana, based on Insurance.com's rate analysis.
When shopping for insurance, the first thing that you should do is compare rates and coverage from different companies. Why? Insurance prices vary by hundreds of dollars even if they offer exactly the same type or amount of protection - so it pays to shop around.
Following is a list of cheapest home insurance companies along with their average annual premium-
| Company name | Average annual premium |
|---|---|
| Foremost | $2,466 |
| USAA | $2,663 |
| Travelers | $2,869 |
| Safeco | $3,325 |
| Allstate | $3,729 |
| State Farm | $4,091 |
| Farmers | $4,129 |
| Fire Insurance | $6,819 |
Home and auto bundle discounts in Montana
Homeowners insurance in Montana may be expensive for some ZIP codes, but still, there are ways to save on your home insurance.
If you buy both home and auto insurance from the same insurance provider, you can save an average of $417 a year or 14%, based on Insurance.com's analysis. However, it will depend on your insurer as well as your homeowners profile.
Here's a list of major Montana insurance companies that offer a discount on bundling your home and auto insurance policies.
| Company | $ Bundle average saving | % Bundle average saving |
|---|---|---|
| Fire Ins Exch | $1,190 | 21% |
| State Farm | $848 | 30% |
| Farmers | $497 | 20% |
| Allstate | $281 | 10% |
| Depositors | $244 | 16% |
| USAA | $159 | 8% |
| Travelers | $109 | 5% |
| Foremost Insurance | $13 | 1% |