Average homeowners insurance cost in Bozeman, Montana

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The average cost of homeowners insurance in Bozeman is $2,959 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $377 more than the national average of $2,582 .

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Bozeman depend on a number of factors, including:

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

Nationwide is the cheapest homeowners insurance company in Bozeman with an average annual premium of $1,565 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Bozeman. Keep reading to learn about the monthly cost of homeowners insurance in Bozeman, the cost for different dwelling coverage levels, and which companies provide the most affordable home insurance in Bozeman.

Key Takeaways

In Bozeman, homeowners insurance costs $2,959 annually.
Nationwide offers the most affordable homeowners insurance in Bozeman with an average annual premium of $1,565 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $707 higher.

Average homeowners insurance cost per month

How much you pay for a homeowners insurance policy depends on the value of your home, your location, and the coverage options you select.

Homeowners in Bozeman pay an average of $247 per month. It’s $25 less than the state average of $272 and $32 more than the national average for home insurance across the nation.

Average homeowners insurance cost for a $200,000 house

In Bozeman, MT, homeowners pay an average of $2,252 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 Bozeman typically pay an average of $2,959 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 $707 . 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 Bozeman by company

Among the carriers we analyzed, Nationwide is the most affordable homeowners insurance company in Bozeman. Its average annual rate for homeowners in Bozeman is $1,565 , while Chubb Ltd ranks second.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Bozeman and compiled a list of the most affordable home insurance companies.

Below are details of Bozeman home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Nationwide	$1,565
Chubb Ltd	$1,650
State Farm	$2,002
Farmers	$3,330
Allstate	$3,590
Travelers	$7,316
USAA*	$1,738

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

Combining your home insurance with other policies, like auto insurance, can result in significant savings. Insurers often provide discounts to policyholders who bundle their policies, helping you reduce premiums. Bundling lowers your premiums and simplifies managing your insurance with one company.

Natural disasters in Montana that can impact your home insurance

Living in Montana means facing the risk of natural disasters that can seriously damage your home and belongings. These events can lead to expensive repairs and major 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.

Being aware of your local risks helps you choose the right level of protection, from setting appropriate coverage limits to deciding on deductibles or adding extra coverage. Taking the time to tailor your policy to those risks can help you avoid being underinsured and give you peace of mind if you’re impacted by a natural disaster.

Montana is commonly affected by Cold wave and Winter weather.

How home insurance protects you against natural disasters

Home insurance is an essential safeguard for your financial well-being, offering protection if you’re affected by a natural disaster. Natural disasters can lead to costly damage, but the right policy can help cover the cost of repairs, sparing you from major out-of-pocket costs. In many cases, home insurance also pays for temporary living expenses if you can’t live in your home.

However, not all natural disasters are covered under a standard home insurance policy. For example, flood and earthquake damage are excluded and require separate coverage. That’s why it’s so important to understand the specific natural disaster risks in your area. By doing so, you can choose a policy that truly protects your home – and your finances – from the threats that are most likely to affect you.

Make sure your coverage is disaster-ready

The best time to review your homeowners insurance is before a storm hits. If you’ve made upgrades to your home or live in a disaster-prone area, you may need more coverage than you think. A quick policy check now can prevent big financial losses later.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Bozeman for $300,000 dwelling coverage and $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.