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Renters insurance is an affordable way to protect your rented home or apartment from theft and damage. People often find themselves in a dilemma when it comes to choosing the best renters insurance.

To help you find the most affordable renters insurance company, we have prepared this guide for you. We have gathered quotes from major renters insurance providers across Montana and compared the carriers based on several rating factors. Keep on reading this resource to get all the details you will need to choose the best renters insurance in Montana.

Key takeaways

  • Montana residents pay an average of $246 annually for standard renters insurance policy.
  • USAA is the best renters insurance company based on the Insurance.com research, with a J.D.Power score of 886 out of 1,000.
  • 59231 is the most expensive ZIP code in Montana with an average annual rate of $280 per year.
  • In Montana, State Farm offers the cheapest renters insurance at $135 annually.

Best renters insurance companies in Montana

When it comes to choosing the best renters insurance company in Montana, you want to make sure that you are comparing apples to apples. Our experts at Insurance.com have compared quotes, coverage options and J.D Power score from all the major insurers in Montana. Below is the list of best renters insurance companies in Montana:

CompanyAverage rating(out of 5)
USAA5
State Farm4.5
Nationwide4
Allstate4
Farmers Insurance3
Travelers2.5

Compare best renters insurance companies in Montana

Comparing quotes from multiple insurance carriers is one of the ways to make sure 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. Make sure you buy the insurance policy from a company that offers affordable renters insurance and provides consistent customer service.

To make your task easy we have compared the carriers for Montana residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, USAA is one of the best renters insurance companies in Montana. It has earned 886 scores out of 1000 from J.D Power and provides average rate for renters insurance $170.

Find below the average cost and rating of other renters insurance companies in Montana.

CompanyJ.D. Power ScoreAverage Annual PremiumAM Best Ratings
Allstate837$183A+
Farmers Insurance831$295A
Nationwide859$185A+
State Farm836$135A++
Travelers801$424A++
USAA886$170A++

How much is renters insurance in Montana

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

It's important to know that the price of your renters insurance policy will likely not be the same as a neighbor who lives near you. This is because it depends on factors specific for each person; the property you want to insure, extra coverage options you add, and the deductible amount you choose.

Average Annual PremiumAverage Monthly Premium
$246$21

10 Most expensive zip codes in Montana for renters insurance

A number of factors affect your renters insurance coverage costs in Montana including your location and the coverage you buy. The most expensive zip code in Montana for renters insurance is 59231, its average annual rate is $280--- $34 more than the state average insurance premium.

The following table lists the 10 most expensive zip codes in Montana for renters insurance. The list is prepared by analyzing quotes from major insurance companies across all the zip codes.

ZIP codeAverage Annual Rate
59231$280
59054$279
59319$279
59083$279
59026$278
59013$278
59084$278
59273$274
59240$274
59636$273

10 Least expensive zip codes in Montana for renters insurance

Renters insurance rates in Montana vary based on coverage amount, the renter’s credit history, and where they live. 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.

Find below the list of least expensive zip codes for renters insurance along with their average annual rates.

ZIP codeAverage Annual Rate
59831$218
59873$219
59844$219
59859$220
59821$221
59874$221
59853$221
59866$221
59824$222
59931$222

Cheap renters insurance in Montana by carrier

When it comes to shopping for a renters insurance policy, there are a number of options available, and it will be easy for you to find renters insurance quotes. Among the carriers surveyed by Insurance.com, State Farm is the cheapest renters insurance company in Montana, its average annual premium is $135.

When you're shopping for renters insurance, know that prices can vary drastically between companies. That's why it is important to compare rates and see which company offers the best deal in order to get coverage at an affordable price.

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

Company NameAverage 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 $1000 deductible and $100,000 liability coverage for all available ZIP codes. ZIP codes were ranked based on the average rates for personal property coverage of $40,000, liability coverage of $100,000, and a $1,000 deductible and included good credit ratings. Content was updated in 2023.

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