Average homeowners insurance cost in Bozeman, MT

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In Bozeman, homeowners pay an average annual rate of $2,959 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $377 more than the national average of $2,582.

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

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

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Bozeman, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Bozeman.

Key takeaways

The average cost of homeowners insurance in Bozeman is $2,959 per year.
Nationwide is the cheapest homeowners insurance company in Bozeman with an average annual premium of $1,565.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $707 more a year for home insurance.

Average homeowners insurance cost in Bozeman per month

Bozeman homeowners pay an average of $247 a month, based on our rate analysis. It’s $25 less than the state average of $272 and $32 more than the national average for home insurance across the United States. The price of your homeowners insurance policy in Bozeman 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 Bozeman

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $2,252 per year in Bozeman, MT. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Bozeman

According to Insure.com’s rate analysis, 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. It is advisable to 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 analyzed, Nationwide is the cheapest homeowners insurance company in Bozeman. It’s average annual rate for Bozeman homeowners is $1,565. Chubb Ltd ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $2,002.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Bozeman and prepared a list of the cheapest home insurance providers. You can find below the Bozeman home insurance companies and their average annual premium.

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

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.