Average homeowners insurance cost in Billings, Montana

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In Billings, homeowners pay an average annual rate of $3,428 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible). It’s $846 more than the national average of $2,582 .

Homeowners insurance rates change from one home to another. The home insurance premium in Billings depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read our guide to discover the monthly homeowners insurance cost in Billings, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Billings.

Key Takeaways

In Billings, homeowners insurance costs $3,428 annually.
Chubb Ltd offers the most affordable homeowners insurance in Billings with an average annual premium of $1,683 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $863 higher.

Average homeowners insurance cost in Billings per month

Billings homeowners pay an average of $286 a month. It’s $14 more than the state average of $272 and $71 more than the national average for home insurance across the nation. The price of your homeowners insurance policy in Billings may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house

In Billings, MT, homeowners pay an average of $2,565 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house

Homeowners in Billings typically pay an average of $3,428 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $863 . You should purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Billings by company

After comparing several homeowners insurance companies, Chubb Ltd offers the lowest rates in Billings. Its average annual rate for homeowners in Billings is $1,683 , while State Farm is the second-cheapest.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Billings and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Billings and their average annual premiums.

Home Insurance Company	Annual rate
Chubb Ltd	$1,683
State Farm	$2,635
Nationwide	$3,338
Allstate	$3,860
Farmers	$4,323
USAA*	$3,181

*USAA is only available to military community members and their families.

Bundling your home insurance with other policies, like auto insurance, can lead to significant savings. Insurance companies often offer discounts for customers who combine multiple policies. By bundling, you can reduce your premiums and manage your insurance needs with one company.

Natural disasters in Montana that can impact your home insurance

Natural disasters are a part of life in Montana, often leading to expensive insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

When you’re aware of the specific risks in your region, you can tailor your coverage to match – whether that means increasing your policy limits, choosing a deductible you’re comfortable with, or adding extra protection for uncovered events. Taking these steps now can help you avoid being underinsured and give you more financial security if a natural disaster hits your area.

Montana is commonly affected by Cold wave and Winter weather.

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

Keep in mind: Standard policies may not cover everything

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Billings for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.