Renters insurance in Montana: Cost, best companies and how to save

What is the average cost of renters insurance in Montana?

The average cost of renters insurance in Montana is $264 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Best renters insurance company in Montana: Chubb

Chubb ranks as the best renters insurance company in Montana, earning a top score among the carriers we surveyed. Its average rate is $207 per year.

State Farm and Allstate are also among the top insurance companies for renters insurance in Montana.

Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Montana, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Below are the best renters insurance companies in Montana.

Cheapest renters insurance in Montana

State Farm is the cheapest renters insurance company in Montana, with an average annual premium of $142, based on our analysis.

Since renters insurance rates vary significantly from one provider to another, comparing quotes is the best way to find affordable coverage that fits your needs.

Below is the list of the cheapest renters insurance companies in Montana and their average annual premiums.

Montana renters insurance: The least and most expensive ZIP codes

Your location in Montana directly impacts the cost of renters insurance. The most expensive ZIP code in Montana is 59083, with an average annual premium of $298. This amount is $34 more than higher than the state average.

In contrast, the least expensive ZIP code for renters insurance is 59831, offering coverage at $239 a year.

The table below shows the most and least expensive ZIP codes in Montana for renters insurance.

Renters insurance cost in Montana by city

Renters insurance rates vary widely across cities in Montana, driven by factors such as weather risks, crime rates, and other factors. To find the best deal in your city, you should consider these factors and compare quotes from multiple insurers before choosing a policy.

How to save on renters insurance in Montana

There are several easy ways to lower the cost of renters insurance in Montana without losing necessary coverage:

• Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
• Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
• Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
• Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
• Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.