Insurance
Montana Homeowners Insurance Calculator: Free Cost Estimator (2024)
Updated: November 21, 2024
Advertising & Editorial Disclosure
Home Insurance
Calculator
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
High
Average
Low
Rates updated:
Nov 21, 2024
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
MONEYGEEK EXPERT TIP
MoneyGeek evaluated Montana’s cheapest homeowners insurance providers to help you find the lowest rates. Based on our analysis, Chubb has the most affordable premiums in the state. The insurer charges approximately $1,092 annually for $250,000 in dwelling coverage.
We also listed the top home insurers in Montana, ranking companies based on their balance of affordability and service quality.
How to Estimate the Cost of Your Homeowners Insurance Policy in Montana
Your location, building materials, coverage preferences and other relevant factors affect the cost of your home insurance in Montana. Enter your specific information using MoneyGeek’s Montana home insurance calculator to get an estimate on your potential premiums.
Montana
Your location has a huge impact on your home insurance costs. If you reside in an area with a high incidence of crime, natural disasters or fire, insurance companies will see you as riskier to insure and charge you higher rates.
On the other hand, if you’re living in a low-risk area in Montana, you may expect lower insurance prices.
Dwelling Coverage
If your house gets damaged or destroyed, your dwelling coverage pays for your rebuilding expenses. Increasing your coverage ensures you won’t pay out of pocket once you file a claim. However, that will result in higher monthly payments.
Montana’s average dwelling coverage is $250K.
Deductible
Once you file a claim, you’ll need to pay a certain amount before your insurer pays the remaining expenses. This amount is called the deductible.
You can save on your monthly premiums by getting a policy with a high deductible, but you’ll pay more out of pocket if you need to use your insurance.
Liability
Liability insurance protects your property in case someone gets hurt in your house due to your negligence. This covers legal, replacement, medical, pain and death benefit expenses.
Increasing your liability coverage is relatively affordable. You can get tens of thousands of coverage for only a few extra dollars per year.
Personal Property
Personal property coverage protects all your belongings from damage and loss. This includes your clothing, furniture, electronics and everything else you own.
You can use the calculator below to approximate the value of your personal property.
Credit Score
Homeowners with low credit scores are more likely to file a claim, so insurance companies view them as riskier to insure. If you have poor credit, you can expect higher rates than someone with good credit.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Average Cost of Home Insurance in Montana
Montana is among the most expensive states when it comes to home insurance prices. A typical policy with $250K in dwelling coverage costs approximately $3,159 per year, which is 31% more expensive than the national average.
If you prefer a policy with more or less coverage, the table below breaks down homeowners insurance costs in Montana for various coverage amounts.
Average Annual Premium in Montana for Homeowners Insurance
| $100,000 | $2,567 |
| $250,000 | $3,159 |
| $500,000 | $6,965 |
| $750,000 | $9,318 |
| $1,000,000 | $11,551 |
| $2,000,000 | $21,159 |
| $3,000,000 | $30,903 |
MONEYGEEK EXPERT TIP
When buying homeowners insurance, it’s important that you’re getting enough dwelling coverage. This will pay for the reconstruction of your house in case it gets damaged or destroyed.
Factors such as your house’s height, square footage and building materials determine its replacement cost. You can hire a professional appraiser to know how much your potential rebuilding cost will be.
To avoid out-of-pocket expenses, make sure to get enough dwelling coverage for your house’s reconstruction expenses. You can also consider extended or guaranteed replacement cost coverage and inflation guard coverage.
Frequently Asked Questions About Home Insurance in Montana
The cost of your homeowners insurance may vary based on your house specifications, personal profile and insurance preferences. MoneyGeek answered some commonly asked questions about home insurance in Montana.
How much does homeowners insurance cost in Montana?
Homeowners insurance in Montana is relatively expensive, costing approximately $3,159 per year for a policy with $250K dwelling coverage. However, your premiums might be different depending on your profile, house details and preferences.
How do I know how much dwelling coverage to get?
The average dwelling coverage in Montana is $250K. However, you should get enough dwelling coverage to cover your house’s reconstruction cost. You can hire a professional appraiser to find the ideal coverage for you.
Insurance
Methodology
To determine the average cost of homeowners insurance in Montana, MoneyGeek sourced pricing data from Quadrant Information Services.
MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This standard home profile consists of the following attributes:
- Construction year: 2000
- Construction type: Frame
- Composition roof
- Three-mile radius from the fire department
- Assumed value of other structures on the property: 10% of the dwelling coverage
- Personal property coverage: 40% of the dwelling coverage
- Liability limit: $100,000
- Deductible: $1,000
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.