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 $256 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."

Average annual premium	$256
Average monthly premium	$21

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Best renters insurance company in Montana: Chubb Ltd

Chubb Ltd ranks as the best renters insurance company in Montana, earning a top score among the carriers we surveyed. Its average rate is $210 per year.

State Farm and Nationwide 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.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
Chubb Ltd	$210	A++	0.18	5
State Farm	$117	A++	0.95	4.76
Nationwide	$185	A+	0.87	4.48
Allstate	$183	A+	0.9	4.46
Farmers	$295	A	0.54	4.23
Kemper Insurance	$275	A-	1.87	3.8
Travelers	$460	A++	0.54	3.77

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Cheapest renters insurance in Montana

State Farm is the cheapest renters insurance company in Montana, with an average annual premium of $117, 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.

Company name	Average annual premium
State Farm	$117
Allstate	$183
Nationwide	$185
Chubb Ltd	$210
Kemper Insurance	$275
Farmers	$295
Travelers	$460
USAA	$243

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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 59231, with an average annual premium of $291. This amount is $35 more than higher than the state average.

In contrast, the least expensive ZIP code for renters insurance is 59831, offering coverage at $228 a year.

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

Best home insurance companies in Texas

Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
59231	$291
59054	$290
59835	$285
59273	$284
59066	$283
59035	$281
59101	$280
59477	$278
59716	$277
59461	$276

ZIP code	Average annual rate
59831	$228
59873	$229
59859	$231
59866	$232
59824	$232
59929	$234
59848	$234
59872	$235
59833	$236
59828	$237

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.

City	Annual insurance premium
Anaconda-Deer Lodge County	$234
Belgrade	$234
Billings	$264
Bozeman	$233
Butte	$239
Great Falls	$242
Havre	$246
Helena	$245
Missoula	$231

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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.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Montana renters insurance

Do I need renters insurance in Montana?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Montana?

You should make sure your personal property coverage is sufficient to replace all of your belongings at replacement cost; there is no minimum requirement.