Updated: January 15, 2025
Advertising & Editorial Disclosure
In Billings, Montana, Chubb is both the overall best and cheapest choice for home insurance. If customer service is your priority, Chubb is also the best provider. This company caters to different needs.
Choosing the best cheap home insurance depends on your needs, such as cost, coverage options and customer service.
Based on the provided data, here’s an analysis of the cheapest homeowners insurance providers in Billings for dwelling coverage limits of $250,000 and $2 million:
$250,000 Dwelling Coverage
The specific analysis for $250,000 dwelling coverage was not directly provided in the data. However, to infer based on other coverage limits and providers, Chubb and USAA appear consistently across various dwelling coverage options, with Chubb often offering the most competitive rates. Therefore, if these providers follow a similar pricing structure for $250,000 coverage, Chubb could likely offer the cheaper option, unless further specific quotes can confirm this assumption.
$2 Million Dwelling Coverage
For homes with a $2 million dwelling coverage limit in Billings, the analysis recommends:
- Chubb: $5,753 per year
- **USAA: $**6,540 per year (only available to current and former military members and their families)
Cheapest Option for $2 Million Coverage:
- Chubb is the most affordable choice at $5,753 per year.
Summary
- For $250,000 in dwelling coverage: Specific costs weren't provided, but Chubb is likely the cheaper option if their pricing trends align with the data available for other coverage limits.
- For $2 million in dwelling coverage: Chubb offers the cheapest option at $5,753 annually.
When selecting an insurance policy, consider factors beyond just cost, such as customer satisfaction and financial stability. Chubb is rated the best overall provider, with USAA as the runner-up, although availability for USAA is limited to military members and their families. These considerations, in addition to affordability, determine the best provider for a homeowner's needs.
Based on MoneyGeek's analysis, the best homeowners insurance provider in Billings, Montana is Chubb. Here's a detailed breakdown of why Chubb ranks the highest:
Affordability
Chubb offers some of the most competitive rates for different scenarios in Billings:
- For homes with a $500,000 dwelling coverage limit, Chubb's annual premium is $1,758.
- For homes with a $2 million dwelling coverage limit, Chubb's annual premium is $5,753.
- Chubb offers a particularly affordable option for newly constructed homes at $1,545 per year.
- For policies with a $2,000 deductible, Chubb charges $1,536 annually.
Chubb provides excellent pricing, especially considering Billings' higher average insurance costs compared to both state and national averages.
Financial Stability
Chubb is known for its strong financial stability, which is crucial when choosing an insurance provider. Financial strength ensures that the company can handle claims effectively and provide reliable service when needed.
Unique Coverage Features
Chubb offers a range of unique coverage features that enhance its appeal:
- High limit options for personal property and dwelling coverage.
- Customizable policies that allow homeowners to adjust coverage based on their unique needs, such as varying personal property limits and deductibles.
- Chubb also provides robust coverage for high-value homes and properties, indicating its capability to cater to more expensive household needs efficiently.
Customer Satisfaction
Chubb's high customer satisfaction scores, as indicated in J.D. Power surveys, reflect its commitment to processing claims objectively and efficiently, a critical factor in overall customer experience.
Conclusion
Due to its combination of affordability, financial stability, and unique coverage features, Chubb stands out as the best homeowners insurance provider in Billings. It offers comprehensive coverage options at competitive rates, ensuring homeowners can find a policy that best fits their needs while providing peace of mind through reliable service.
Based on MoneyGeek's analysis, the cheapest homeowners insurance provider in Billings for homeowners with poor credit is Chubb, with an annual premium of $1,758.
Credit scores significantly influence insurance rates because insurers use them as an indicator of risk. Homeowners with good credit are seen as more likely to consistently pay their premiums and less likely to file claims. As a result, they usually benefit from lower insurance premiums. Conversely, homeowners with poor credit are perceived as higher risk, which often leads to higher premiums to offset the potential increased cost for insurers. In Billings, this difference is evident as the average homeowners insurance premium for those with poor credit is notably higher, at $9,938 per year, compared to those with good credit.
Why Trust MoneyGeek?
We used data and rates from the Montana Commissioner of Securities and Insurance and Quadrant Information Services to select the top homeowners insurance options in Billings.
Home insurance premiums in Billings represent the latest available quotes as of September 2024.
MoneyGeek found that Chubb is the best option in Billings, Montana, for home insurance with 100K dwelling coverage. It has a MoneyGeek score of 99 out of 100.
The scores for home insurance companies in Billings, Montana, range from 56 to 99. These figures reflect MoneyGeek's scoring system, and insurers may receive different scores based on factors like credit history and the age of your home.
| Chubb | 99 | $399 |
| State Farm | 90 | $1,128 |
| Nationwide | 89 | $1,503 |
| Allstate | 79 | $2,455 |
| Farmers | 76 | $3,223 |
| American Modern | 73 | $1,142 |
| Travelers | 56 | $11,215 |
MoneyGeek found that Chubb is the best option in Billings, Montana, for home insurance with $100K dwelling coverage. The two best overall home insurance companies in Billings for $100K dwelling coverage are:
Chubb is the best home insurance provider due to its affordability and strong customer satisfaction ratings, which contribute significantly to its high MoneyGeek score.
In Billings, Montana, various companies offer different costs and service experiences. While cost is important, other aspects (such as customer service) can also impact your experience when making claims.
Chubb is the best overall company with high affordability and satisfaction scores. It offers comprehensive home insurance coverage, including guaranteed replacement cost and building ordinance or law. Chubb provides discounts like new home and home renovation, helping homeowners save money. You can qualify for a new home discount if your house is 10 years old or less.
Chubb's guaranteed replacement cost helps rebuild your home even if costs exceed your policy limit. Building ordinance or law coverage pays to bring damaged areas up to current codes. Personal property replacement cost covers your belongings without depreciation.
MoneyGeek found that Chubb is the best option in Billings, Montana, for customer service in home insurance with 100K dwelling coverage. The top two providers for this coverage are:
Chubb's impressive MoneyGeek score is due to its balanced blend of customer satisfaction and coverage. You should consider Chubb, as it offers reliable protection, excellent service and competitive pricing.
Excellent home insurance service means providing reliable help and good coverage options for your home protection needs.
Chubb is the best for service quality, with customer satisfaction and coverage scores boosting its MoneyGeek score. It offers comprehensive home insurance with guaranteed replacement cost and building ordinance or law. You can save with discounts like new home and home renovation. New homeowners can qualify if their home is less than 10 years old.
Chubb's guaranteed replacement cost helps rebuild your home even if costs exceed limits. Building ordinance or law covers updates to meet current codes. Cash settlement offers flexibility if you choose not to rebuild. These features make Chubb a great choice for home insurance.
MoneyGeek found that Chubb is the best cheap home insurance option in Billings, Montana, for 100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
When considering the average cost of homeowners insurance in Montana, Chubb stands out due to its high affordability score and customer satisfaction. However, cheap home insurance might mean lower coverage; this is good for saving money but may not provide enough coverage if something bad happens. In instances where saving on premiums is a priority, considering the cheapest homeowner insurance companies may be beneficial.
The best cheap insurance gives value, while the cheapest focuses only on the price. Chubb balances cost and service quality.
Chubb is the best cheap company, with a high MoneyGeek score due to its affordability and coverage. It offers comprehensive home insurance with guaranteed replacement cost and building ordinance or law. You can save with discounts like new home and home renovation. A new home discount applies if your home is seven or 10 years old or less.
Chubb's guaranteed replacement cost helps rebuild your home even if costs exceed limits. Building ordinance or law covers code upgrades. Cash settlement lets you choose not to rebuild and get cash instead. These coverages offer great protection for your home.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Jan 22, 2025
Homeowners insurance in Billings is influenced by many factors, with location being a key one. Comparing rates helps save money, but it takes time — about 15 minutes per company. Checking three or more may take over an hour. Use MoneyGeek's home insurance calculator to save instantly. Just enter age, dwelling coverage, credit score, deductible, liability coverage and other factors for a rate estimate.
MoneyGeek found that Chubb is the best option in Billings, Montana, for affordable home insurance. The main factor affecting rates is the dwelling coverage amount you choose.
Chubb stands out in Billings because of its low annual premium of $399 and a MoneyGeek score of 99 out of 100. This combination of cost and rating also applies to the 250K and 500K coverage, making Chubb the top budget pick.
Buying the cheapest homeowners insurance in Montana helps manage finances effectively because it reduces annual insurance spending.
| Chubb | $399 |
| State Farm | $1,128 |
| American Modern | $1,142 |
| Nationwide | $1,503 |
| Allstate | $2,455 |
| Farmers | $3,223 |
| Travelers | $11,215 |
MoneyGeek found that Chubb is the best option for high-value homes in Billings, Montana. Homes needing high dwelling coverage, such as $750K, often face increased home insurance costs to cover replacement expenses.
Chubb is the cheapest homeowner's insurance option in Billings, Montana, based on cost. According to MoneyGeek, it is cost-effective and scores high in other areas of home insurance.
| Chubb | $1,993 |
| State Farm | $4,674 |
| American Modern | $6,704 |
| Allstate | $7,550 |
| Nationwide | $9,606 |
| Farmers | $10,749 |
| Travelers | $32,847 |
Chubb is the most affordable option for new homes in Billings, Montana, offering home insurance at $333 per year for $100K dwelling coverage.
Chubb's low rates make it the cheapest choice for new homeowners in Billings. Its cost-effectiveness is significant, although it may not be the top-rated option overall.
Ensure you are adequately covered when selecting homeowners insurance.
| Chubb | $333 |
| Nationwide | $567 |
| State Farm | $677 |
| American Modern | $1,050 |
| Allstate | $1,410 |
| Farmers | $2,395 |
| Travelers | $3,953 |
The best cheap homeowners insurance providers balance quality and cost, offering great customer service and coverage with affordable premiums.
The best cheap homeowners insurance in Billings depends on your needs. Consider factors like coverage options, customer service and claims process. Follow these steps to get the best cheap home insurance:
To determine how much home insurance coverage you need, consider the specifics of your home in Billings, Montana, including rebuilding costs and personal property value.
Research insurance companies serving Billings, Montana. Focus on those with strong financial stability and positive customer reviews.
Once you understand your coverage needs, compare home insurance quotes. In Billings, Montana, premiums for $100K dwelling coverage range from $399 to $11,215 annually.
Inquire with each provider about potential discounts, such as those for bundling policies or installing safety features.
Opting for a higher home insurance deductible can reduce your premium, but ensure it's an amount you can manage.
Enhancing your home's security with alarm systems and sturdy locks can lower your insurance costs by reducing risk.
Maintain a strong credit score to positively influence your insurance rates in Billings, Montana. Timely bill payments and reduced debt are key.
Consider bundling your homeowners insurance with other policies like auto insurance to achieve further discounts.
The best cheap home insurance provider for you in Billings depends on how much coverage you need and how much you can spend. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Billings, Montana.
The average cost of home insurance in Billings, Montana, is $2,305.
Chubb is the cheapest home insurance company in Billings, Montana, with an annual premium of $399.
The best home insurance in Montana for Billings residents is provided by Chubb, with a MoneyGeek score of 99 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's resident Personal Finance Expert. 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's also a 5-time Jeopardy champion!
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.
