In Montana, the average annual cost for full coverage car insurance is $1,171, while minimum coverage is $446. These rates mean Montana residents pay $125 less for full coverage and $149 less for minimum coverage than the national average.
Average Cost of Car Insurance in Montana
Updated: December 20, 2024
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Key Takeaways
Drivers in the Treasure State pay 9.6% less for full coverage compared to the national average.
They pay 24.9% less than the national average cost for minimum coverage.
The average cost of car insurance in Big Sky Country is $1,171 for full coverage and $446 for minimum coverage, making it one of the more affordable states.
How Much Is Car Insurance in Montana?
| Full Coverage | $1,171 | $1,296 | -10% |
| State Minimum Liability Only | $446 | $595 | -25% |
Read More: Average Cost of Car Insurance
Montana Car Insurance Rates by Coverage Level
In Montana, the coverage level you choose affects your car insurance rate. Opting for higher liability limits and full coverage raises your rate, but a higher deductible can make your premium more affordable. Below, find the average costs for minimum and full coverage policies with different deductibles and liability limits in the Big Sky Country.
| 300/500/300 | Full Coverage | $1,454 | $500 |
| 100/300/100 | Full Coverage | $1,374 | $0 |
| State Minimum | Full Coverage | $1,289 | $500 |
| 300/500/300 | Full Coverage | $1,251 | $1,000 |
| 300/500/300 | Full Coverage | $1,189 | $1,500 |
| 100/300/100 | Full Coverage | $1,171 | $1,000 |
| 100/300/100 | Full Coverage | $1,110 | $1,500 |
| State Minimum | Full Coverage | $1,086 | $1,000 |
| State Minimum | Full Coverage | $1,024 | $1,500 |
| 300/500/300 | Liability Only | $611 | $0 |
| 100/300/100 | Liability Only | $532 | $0 |
| State Minimum | Liability Only | $446 | $0 |
Read More: Liability vs. Full Coverage Car Insurance
Average Montana Car Insurance Cost by City
Car insurance rates in Montana's cities can differ due to crime rates, traffic volume, weather conditions, health care costs and vehicle repairs. For instance, in Billings, drivers pay an average of $992 for full coverage, slightly less than the state average. Missoula and Bozeman also show distinct rates. Check the table below for a detailed comparison of Montana city rates to the state average.
| Billings | $992 | -48% | $394 | -64% |
Average Montana Car Insurance Cost by Age
In Montana, your age can influence your car insurance rates, with younger drivers often paying more. For instance, at 25 years old, you might see your rates for state minimum coverage jump by 15%, and for full coverage, an increase of nearly 19%, compared to a 40-year-old. Compared to those 65 and up, the difference can be as high as 18% for minimum coverage and 27% for full coverage.
| 25 | $1,390 | $515 |
| 40 | $1,171 | $446 |
| 65 | $1,091 | $434 |
In many places, your age can change the cost of car insurance or state minimum coverage, but not in California, Massachusetts and Hawaii.
Car Insurance Costs in Montana for Young Drivers by Gender
Young drivers in Montana face higher car insurance costs due to increased risk from more accidents. On a family policy, drivers aged 18 to 25 pay about $1663 annually, which is 32% less than an individual policy at $2193.
Gender also plays a role in Montana's car insurance rates for young drivers. Female drivers aged 18 to 25 pay around $1652 per year, slightly less than male drivers who pay $1675. Below, you'll find the average car insurance costs for young drivers in Montana, broken down by gender and policy type.
Car Insurance Costs in Montana for Young Females
In Montana, an 18-year-old female can be added to a family car insurance policy for about $1,794. Choosing an individual policy would raise her rate by more than half, to $3,796.
| 18 | $3,796 | $1,794 | -53% |
| 19 | $2,930 | $2,217 | -24% |
| 20 | $2,618 | $1,982 | -24% |
| 21 | $1,995 | $1,509 | -24% |
| 22 | $1,830 | $1,663 | -9% |
| 23 | $1,585 | $1,460 | -8% |
| 24 | $1,468 | $1,356 | -8% |
| 25 | $1,318 | $1,231 | -7% |
Car Insurance Costs in Montana for Young Males
An 18-year-old male in Montana faces an average individual car insurance cost of $3,796. By joining a family policy, the price drops to $1,794, saving 53% annually.
| 18 | $3,796 | $1,794 | -53% |
| 19 | $2,930 | $2,217 | -24% |
| 20 | $2,618 | $1,982 | -24% |
| 21 | $1,995 | $1,509 | -24% |
| 22 | $1,830 | $1,717 | -6% |
| 23 | $1,585 | $1,510 | -5% |
| 24 | $1,468 | $1,404 | -4% |
| 25 | $1,318 | $1,270 | -4% |
Average Montana Car Insurance Cost by Driving Record
In Montana, traffic offenses may increase car insurance rates up to 0.0013 times the state's annual average, varying by violation. We compare average rates for Montana drivers with at-fault accidents, speeding tickets and DUI against those with a clean record.
| At-Fault Accident | $1,751 | -8% | $669 | -39% |
| DUI | $1,910 | 0% | $703 | -36% |
| Ticket | $1,378 | -28% | $522 | -52% |
Read More: High-Risk Car Insurance in Montana
Average Montana Car Insurance Cost by Credit Score
Your credit-based insurance score affects your car insurance rates in Montana. Expect to pay around $1,031 a year if you have great credit. But if not, it might be closer to $1,904 for the same coverage, so keep your credit in check.
| Excellent | $1,031 | -46% | $232 | -79% |
| Good | $1,220 | -36% | $273 | -75% |
| Fair | $1,404 | -26% | $317 | -71% |
| Below Fair | $1,625 | -15% | $362 | -67% |
| Poor | $1,904 | -0% | $416 | -62% |
CREDIT SCORES AND YOUR PREMIUM
In Montana, a credit score between 670 and 739 can reduce insurance costs, reflecting financial dependability. However, states like Hawaii, Massachusetts, Maryland, California and Michigan prohibit using credit scores for insurance pricing. Meanwhile, in North Carolina, Oregon, Washington, Utah and Nevada, credit scores are considered only in certain situations.
Average Montana Car Insurance Cost by Company
Car insurance costs can vary widely by company in Montana. State Farm offers the most affordable average annual full coverage at $688. Kemper's rates are the highest, exceeding the national average by a notable margin.
| State Farm | $688 | $164 |
| Farmers | $1,079 | $409 |
| Nationwide | $1,094 | $534 |
| Allstate | $1,208 | $651 |
| Progressive | $1,231 | $433 |
| GEICO | $1,341 | $371 |
| Kemper | $1,559 | $564 |
Read More: Cheapest Car Insurance Companies in Montana
Average Montana Car Insurance Cost by Vehicle Age
In Montana, insuring a new car costs more because it's worth more and fixing or replacing it can be pricey. The average yearly cost for full coverage on a newer model is $1,413, while it's $961 for a 10-year-old car.
| 10-Year-Old Vehicle | $961 | $318 |
| New Model Vehicle | $1,413 | $306 |
ACTUAL CASH VALUE
The actual cash value (ACV) represents your vehicle's worth as assessed by your insurer just before damage occurs. For comprehensive or collision claims, the ACV is crucial in determining the maximum payout for repairs or replacement after deducting any applicable deductible. This ensures that the claim reflects the car's fair market value.
Read More: Used Car Insurance
Montana Car Insurance Rates Explained
Montana's car insurance rates may differ from the national average. Whether they're more affordable or pricier depends on several factors, including your credit-based insurance score and the level of coverage, be it full or state minimum.
Is Car Insurance Expensive in Montana?
Montana's full coverage car insurance is affordable, averaging $98 monthly. It's about 9.6% cheaper than the national average.
Read More: Why Car Insurance is So Expensive
Car Insurance Costs in Montana vs. National Average
National Average Cost
Full Coverage Car Insurance
$108
Montana Average Cost
Full Coverage Car Insurance
$98MT Car Insurance Is Expensive:$10 saved
This is 9% less expensive.
Why Are Car Insurance Rates Expensive in Montana?
Montana's car insurance rates are high due to harsh winters and storms, which lead to more accidents and insurance claims. Strict laws also require drivers to have more coverage, which costs more. Knowing this can help you find the best minimum coverage for your needs.
Read More: Car Insurance Rates by State
Estimating Your Car Insurance Costs in Montana
While Montana's average car insurance rates reflect broad trends, your cost depends on unique factors like your driving history. To estimate your Montana car insurance, consider your car's make, your age and your driving record.
Driving Record
A spotless driving record can lead to lower insurance premiums, signaling to insurers that you're a low-risk driver.
Age and Gender
Younger drivers and males often face higher rates. Shop around for insurers that offer competitive pricing for these demographics.
Credit History
A higher credit score can positively impact your insurance costs. Work on improving your credit to potentially lower your rates.
Vehicle Type
Insurance costs can vary based on vehicle type. Consider a car that's less expensive to insure, like a mid-size sedan over a sports car.
Location Within Montana
Living in areas with lower accident rates or less traffic can contribute to more affordable car insurance premiums in Montana.
Coverage Level
Opt for a coverage level that meets your needs without overinsuring. Higher deductibles can also reduce your premium.
Marital Status
Married individuals may receive lower rates due to perceived stability. Check if your marital status can help you save on insurance.
State Law
Montana's insurance requirements can affect your rates. Ensure you meet the state's minimum coverage to avoid legal penalties.
Read More: Montana Car Insurance Calculator
Minimum Car Insurance in Montana
Montana's average for state minimum car insurance is $446, lower than the national average of $595. This minimum coverage is more affordable than full coverage options, making it a cost-effective choice for Montana drivers.
Montana Car Insurance Requirements
In Montana, drivers must have minimum coverage auto insurance. This includes $25,000 for bodily injury per person, $50,000 per accident and $20,000 for property damage.
Liability Limits | Description |
|---|---|
$25,000 for bodily injury liability per person | A minimum bodily injury liability per person covers medical expenses if you're at fault in an accident |
$50,000 for bodily injury liability per accident | Bodily injury liability per accident ensures coverage for multiple injured parties in a single incident |
$20,000 for property damage liability per accident | Property damage liability per accident is needed to cover repairs or replacement of damaged property |
How to Lower Car Insurance Costs in Montana
To save on car insurance in Big Sky Country, compare rates, hike your deductible and grab discounts.
- 1
Compare Multiple Quotes
Shopping around among various insurers can lead to discovering more affordable car insurance options, possibly saving residents hundreds of dollars annually.
- 2
Lower Your Risk Profile
Improving your credit score or maintaining a clean driving record without any at-fault accidents or moving violations can help reduce premiums, as insurers will see you as a lower risk.
- 3
Adjust Your Coverage
Evaluate your coverage to ensure you’re not overpaying. Increasing deductibles or opting for usage-based policies if you drive less can effectively reduce your insurance costs.
- 4
Ask for Discounts
Request discounts for factors such as safe driving, maintaining good grades, installing anti-theft devices, completing approved defensive driving courses and bundling different insurance policies.
- 5
Consider the Car You Drive
Opting for a vehicle with better safety ratings and lower overall insurance costs can help you achieve more affordable car insurance rates.
Read More: How to Reduce Your Car Insurance Costs
Auto Insurance Rates in Montana: Bottom Line
Montana's average yearly cost for full coverage car insurance is $1,171, cheaper than the national average. Rates change based on your driving record, the car you drive and how much coverage you get. This state offers more affordable car insurance than many other places.
Montana Car Insurance Rates: FAQ
Discover what influences car insurance costs in Montana. Learn how to find affordable rates for your vehicle.
What are the minimum car insurance requirements in Montana?
In Montana, the minimum car insurance requirements call for $25,000 per person and $50,000 per accident for bodily injury liability, alongside $20,000 for property damage liability.
What is the average cost of full coverage and minimum coverage auto insurance in Montana?
In Montana, the average annual cost for full coverage auto insurance is $1,171, while state minimum coverage averages $446 per year.
What is the average cost of car insurance for a 25-year-old in Montana?
The average cost of full coverage car insurance for a 25-year-old in Montana is $1,390 per year. Meanwhile, the average for state minimum coverage is $515 annually.
What are the cheapest car insurance companies in Montana?
State Farm provides the most affordable car insurance in Montana, with a full coverage annual premium of $688 and a minimum coverage premium of $164.
Montana Auto Insurance Cost: How We Determine Average Rates
We used a sample driver profile with the following attributes to determine average car insurance rates in Montana:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
We modified this driver profile by age, vehicle, credit score and driving record to determine averages for different driver profiles and needs.
Coverage Levels and Deductibles
Unless otherwise noted, average rates on this page are for a full coverage policy with comprehensive and collision coverage, a $1,000 deductible for each and the following liability limits (100/300/100):
- $100,000 in bodily injury liability per person
- $300,000 in bodily injury liability per accident
- $100,000 in property damage liability per accident
When minimum coverage is specified, we used the following minimum liability-only limits as mandated by Montana:
- $25,000 for bodily injury liability per person
- $50,000 for bodily injury liability per accident
- $20,000 for property damage liability per accident
Learn more about MoneyGeek's car insurance methodology.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.