Best and cheapest renters insurance in Montana

Best renters insurance companies in Montana

When choosing the best renters insurance company in Montana, make sure you’re comparing on more than just price. We’ve compared quotes, coverage options and J.D. Power scores from all the major insurers in Montana. Below is our list of best renters insurance companies in Montana based on that analysis, with our score out of five. Note that USAA only offers coverage to military families.

Company	Average rating(out of 5)
State Farm	4
Allstate	3.5
Nationwide	3.5
USAA	3.5
Farmers	3
Travelers	2.5

Compare the best renters insurance companies in Montana

Comparing quotes from multiple insurance carriers is one way to ensure you will get your money’s worth. There can be big differences in price between different renters insurance providers, so it pays to shop around. Ensure you buy from a company offering affordable renters insurance and consistent customer service.

To simplify your task, we have compared the carriers for Montana residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, State Farm is the best renters insurance company in Montana. It earned 844 out of 1000 from J.D. Power and has an average renters insurance rate of $135.

The table below offers a detailed comparison of renters insurance companies in Montana.

Company	J.D. Power Score	Average Annual Premium	AM Best Ratings
State Farm	844	$135	A++
Nationwide	852	$185	A+
USAA	894	$170	A++
Allstate	835	$183	A+
Farmers	842	$295	A
Travelers	835	$424	A++

How much is renters insurance in Montana

Montana residents pay an average of $246 a year for renters insurance, and the average monthly cost is $21. That’s for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance will not be the same as a neighbor’s price because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

“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	Average Monthly Premium
$246	$21

Most expensive ZIP codes in Montana for renters insurance

Several factors affect your renters insurance coverage cost in Montana, including your location and the coverage you buy. The most expensive ZIP code in Montana for renters insurance is 59231, where the average annual rate is $280 which is $34 more than the state average insurance premium.

The following table lists the most expensive ZIP codes in Montana for renters insurance.

ZIP code	Average Annual Rate
59231	$280
59054	$279
59026	$278
59273	$274
59636	$273
59835	$272
59217	$271
59035	$270
59485	$269
59461	$267

Least expensive ZIP codes in Montana for renters insurance

Renters insurance rates in Montana are cheaper in some areas. Based on a rate analysis by Insurance.com, the least expensive ZIP code for renters insurance in Montana is 59831, and its average annual rate is $218.

Below, you’ll find the least expensive ZIP codes for renters insurance, along with their average annual rates.

ZIP code	Average Annual Rate
59831	$218
59873	$219
59859	$220
59821	$221
59824	$222
59914	$223
59848	$224
59872	$225
59935	$226
59828	$227

Compare renters insurance rates by city in Montana

Renters insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on renters insurance for your specific city in Montana.

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

Cheap renters insurance in Montana by company

There are a lot of companies offering renters insurance in Montana. Among the carriers surveyed by Insurance.com, State Farm is the cheapest renters insurance company in Montana; its average annual premium is $135.

Renters insurance prices can vary drastically between companies. That’s why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the best cheap renters insurance companies in Montana and their average annual premiums.

Company Name	Average Annual Premium
State Farm	$135
USAA	$170
Allstate	$183
Nationwide	$185
Chubb Ltd	$205
Kemper Insurance	$275
Farmers	$295
Travelers	$424

Methodology

Insurance.com compared renters insurance rates in 2022 provided by Quadrant Data Solutions 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. Content was updated in 2023.