Average car insurance cost in Bozeman, MT

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The average car insurance cost in Bozeman, Montana is $2,026 per year, according to Insure.com data analysis. Also, the car insurance rates in Bozeman is $167 less than the average rates in Montana and $131 more than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Bozeman, the average car insurance rates categorized by age and gender, and the cost of car insurance in Bozeman based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Bozeman. Read on to learn more.

Cheap car insurance companies in Bozeman

At an average of $1,248 per year with full coverage limits of 100/300/100, Nationwide provides the most affordable car insurance in Bozeman.

Ranked as the second most affordable company in Bozeman, State Farm provides car insurance at $1,729 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Bozeman that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Bozeman, Montana:

Read about the best car insurance companies.

Average car insurance cost in Bozeman by coverage limits

In Bozeman, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $372 per year (limits are 25/50/25)
• Liability only coverage: $560 per year (limits are 50/100/50)
• Full coverage: $2,026 per year (limits are 100/300/100)
• Non-owners coverage: $307 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Bozeman

Based on an analysis by Insure.com, female drivers in Bozeman, Montana pay an average annual car insurance premium of $2,039. In comparison, male drivers pay $2,013 annually, which is $26 less than what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Bozeman

In Bozeman, teenagers have the highest car insurance rates, at $6,496 per year or $541 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $3,289 annually for car insurance, which is $3,207 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Bozeman have car insurance rates of $2,012 and $2,029 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Bozeman

Examining the trends in car insurance rates in Bozeman, Montana it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 29%, or $454.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Bozeman, are lower than the average insurance cost in Montana. Shopping around and taking advantage of available discounts, drivers in Bozeman can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.