Motorcycle Insurance in Montana: The Cheapest Quotes and Best Companies

The least expensive option for most riders is a policy that meets only the state minimum liability coverage limits. While choosing the cheapest motorcycle insurance in Montana helps you save money, it may not always be the best choice. A liability-only policy just covers bodily injury and property damage liability. If you want to have better protection and higher liability limits, comprehensive and collision coverage may be right for you. In evaluating insurance carriers in Montana, MoneyGeek compared average rates for a rider with a good riding record and 50/100/25 liability-only coverage policy.

On average, the most affordable companies for liability-only motorcycle insurance in Montana are:

• Markel: $50 per year
• Progressive: $75 per year

Based on average rates, the most expensive option in Montana for liability-only motorcycle insurance is Nationwide. The company charges $100 per year on average, which means Markel policyholders can save up to 50%.

A full-coverage policy with comprehensive and collision insurance does a much better job protecting your assets. Aside from the basic coverage, it also protects policyholders against damages caused by collisions with another vehicle or other structures. It also pays for damages or bike loss due to non-collision incidents, including fire, theft and vandalism. Thus, it may be the best motorcycle insurance in Montana for most riders. Full coverage will likely be necessary if you are making payments on your bike.

For this analysis, MoneyGeek used a good rider with 50/100/25 coverage and a $500 deductible for comprehensive and collision coverage. On average, the most affordable companies for this type of policy are:

• GEICO: $115 per year
• Progressive: $119 per year

Meanwhile, the most expensive insurance provider for full coverage motorcycle insurance in Montana is Nationwide. The company’s average rate is $288 per year, making GEICO 59.9% cheaper.

Motorcycle insurance rates in Montana depend on various factors, such as coverage levels, age, years of riding experience, riding record and motorcycle model. MoneyGeek evaluated quotes from companies offering motorcycle insurance in Montana.

The average cost to insure a motorcycle in Montana is $170 per 12-month period or approximately $14 monthly for a full coverage policy. That is 47% or $193 less than the national average.

Motorcycle insurance in Montana with liability-only coverage costs an average of $86 per year or approximately $7 per month, $55 less than the national average of $141. However, this type of coverage does not cover your bike or the injuries you get in an accident where you are at fault.

All prices used in this study are based on the average premiums for a good rider with a policy that has $50,000/$100,000 of bodily injury liability coverage, $25,000 in property damage liability insurance and a $500 deductible.

MoneyGeek rated insurance providers to find the best motorcycle insurance in Montana. The final scores are based on a unique scoring system that considers affordability, product offerings and selection, service and financial stability. For more details, check out our methodology section. Based on the study, the highest-scoring company in Montana is Progressive.

Based on MoneyGeek’s analysis, the top motorcycle insurance carriers in Montana are:

Generally, getting motorcycle insurance in Montana is easy. Most companies offer online quotes. Shop around and compare personalized quotes to make sure you are getting the most accurate policy. Here is what you will need:

• ZIP code and Montana address where the bike will be located
• Vehicle year, make and model
• Your birthdate
• Riding record and experience level
• Insurance coverage elections (for more information, see below)

Motorcycle insurance in Montana is a state requirement. Riders should have a policy with at least the minimum liability-only coverage limits, which include:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $20,000 property damage liability

The state minimum liability-only coverage requirement for motorcycle insurance in Montana is 25/50/20. The liability limits of your policy should be at least $25,000 for bodily injury per person, with a total of $50,000 per accident and $20,000 for property damage liability coverage. These refer to the amount your insurance provider will pay for damages in an at-fault accident.

Uninsured motorist, underinsured motorist and PIP coverage are not required in Montana. Riders who want more protection in addition to bodily injury and property damage coverage can get these as optional coverages. Evaluate your needs and situation to ensure you are getting the right level of coverage.

There are various factors to consider when looking for the best motorcycle insurance in Montana. Here are some frequently asked questions about motorcycle insurance in the state.

MoneyGeek gathered motorcycle insurance rates directly from insurance providers based on varying coverage amounts and driver profiles to help riders determine which is the cheapest provider in Montana. To determine the best motorcycle insurance companies in Montana, three factors were used. These included policy costs in Montana (60% weighting), product offerings and service (30% weighting) and financial stability metrics from AM Best (10% weighting). The most recent license laws and insurance coverage requirements in Montana were gathered from the Motor Vehicle Division of the Montana Department of Justice to ensure accurate and up-to-date information.