The average Montana driver will pay $ 825 per year for
Insurance Information Institute. Compared to the national average of $ 935 per year, auto insurance in Montana is affordable., according to
Auto insurance companies take your location, age, gender, and driving record into account when calculating premium rates. Other factors like credit score, marital status, type of vehicle, previous coverage, and miles driven can all play a role in how much you’ll pay for coverage.
There are opportunities to save money by shopping and comparing coverage beyond the premium or the amount you will pay for the coverage.
Minimum Automobile Liability Insurance Requirements in Montana
Liability coverage is required by law. If you are involved in an accident, liability insurance covers damage you cause to the other vehicle, the driver and their passengers. If you finance or lease your car, your lender likely requires full coverage and collision coverage.
The two main components of liability insurance are personal injury and property damage, which are required by most states. Liability insurance also includes coverage for uninsured motorists and underinsured motorists, to protect you when a faulty driver hits you and they have no coverage, or not enough coverage.
Montana requires body and property coverage, according to the Insurance Information Institute. Montana’s minimum liability requirements are 25/50/20, which means up to $ 25,000 in injury protection for each person involved in an accident, up to $ 50,000 in injuries per incident and up to to $ 20,000 in property damage per incident.
Best cheap auto insurance in Montana based on credit score
Consumer Reports has compiled a list of all auto insurance pricing formulas from all companies in each state. He used an average single adult driver to find the best price in each state and found that three companies ranked first for three different credit levels. Here are the top three companies and their average cover price:
*USAA is only available to service members, veterans and their families
Average premiums for senior and teenage drivers in Montana
The table below shows the average amount senior and teen drivers can expect to pay in Montana. Because teenage drivers are new drivers with little driving history and are more prone to crashes, their rates are high. Most insurance companies offer discounts to teenage drivers for good grades or for taking road safety courses.
Older drivers typically see an increase in auto insurance premiums as they get older, but not as much as new or teen drivers. If you’re still driving in your sixties or sixties, there are ways to negotiate cheaper auto insurance rates, like using pay-per-kilometer.
Data provided by Hen head insurance
Montana auto insurance rates by city
Where you live affects your premium. Those in urban areas pay more than those in rural areas. Below is the estimated average annual premium of
policies per household in the most populous cities of Montana:
S&P Global Market Intelligence data
Best Car Insurance In Montana Based On Customer Satisfaction
Customer satisfaction with auto insurance providers may be a factor in your decision. Customer satisfaction is defined by five factors: the billing process and policy information, complaints, interaction, policy offers, and price. According to a 2021 survey by JD Power, a consumer research company that surveys customers, here are the top auto insurance companies in the Northwest region (which includes Montana):
Most Popular Auto Insurance Companies in Montana by Market Share
Here are the most popular auto insurance companies in Montana, based on the percentage of insured Montana drivers who use them:
* USAA is restricted to serving military personnel, veterans and their families.
S&P Global Market Intelligence data
Who gets the best auto insurance in Montana?
The drivers who get the best auto insurance rates will be the ones with the best credit. There are several other factors that can affect how an insurance company will price your premium, including your age, gender, the type of car you drive, and where you live in Montana.
Another way to save money is to shop around – each insurance company rates their policies differently, and no two policies are the same. Prices vary widely depending on whether you get Third Party Liability, Full Liability, or Collision Liability coverage.
Consider the amount of coverage and the types of coverage listed on your quote. Remember, you are looking for the best coverage for your money. Remember to look at the deductible, or how much you will pay out of pocket if you have an accident.