Average Renters Insurance Cost in Montana

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Renters insurance costs in Montana vary depending on various factors, including the coverage amount, insurance company and individual circumstances. The average cost of renters insurance in Montana is $284 per year or $24 per month for a coverage limit of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates, and actual premiums may differ.

Key Takeaways

The average cost of renters insurance in Montana is $284 per year or $24 per month.
State Farm provides the least expensive renters insurance in Montana at an average rate of $153 annually.
Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in Montana.

Average renters insurance cost in Montana per month

The average cost of renters insurance in Montana is $24 per month. Your premium may vary depending on your location, the value of your belongings, and the coverage limits you select. It’s recommended that you compare multiple insurance quotes to find the best price.

Average renters ins cost per month	Difference compared to national average
$24	Equal

Average renters insurance cost in Montana by company

According to our data, State Farm provides the most affordable renters insurance in Montana, with an average annual rate of $153, followed by Chubb and Allstate.

Getting quotes from multiple renters insurance companies in Montana is a good idea, as prices can differ significantly among insurers.

Below, you can find average annual and monthly renters insurance rates from various companies in Montana.

Company	Average annual rate	Average monthly rate
State Farm	$153	$13
Chubb	$215	$18
Allstate	$218	$18
Nationwide	$231	$19
Kemper Insurance	$295	$25
Farmers	$323	$27
Travelers	$499	$42
USAA*	$263	$22

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

Renters insurance calculator in Montana

$264/year

Estimated renters insurance rates in Montana

$22

Monthly renters insurance cost in Montana

-2%

Compared to national average

Average cost of renters insurance in Montana by coverage level

The average annual cost of renters insurance in Montana is $284, with a personal property coverage limit of $40,000, $300,000 in liability coverage and a $1,000 deductible.

However, if you lower your personal property coverage from $40,000 to $20,000, you can expect to pay $206 a year for renters insurance in Montana. Make sure $20,000 is enough to cover your belongings before deciding to adjust your coverage.

The table below shows the average annual renters insurance costs in Montana for personal property coverage of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$203	$17
$20,000 with $500 Deductible and $300,000 Liability	$222	$18
$20,000 with $1,000 Deductible and $100,000 Liability	$187	$16
$20,000 with $1,000 Deductible and $300,000 Liability	$206	$17
$40,000 with $500 Deductible and $100,000 Liability	$286	$24
$40,000 with $500 Deductible and $300,000 Liability	$306	$25
$40,000 with $1,000 Deductible and $100,000 Liability	$264	$22
$40,000 with $1,000 Deductible and $300,000 Liability	$284	$24
$60,000 with $500 Deductible and $100,000 Liability	$374	$31
$60,000 with $500 Deductible and $300,000 Liability	$395	$33
$60,000 with $1,000 Deductible and $100,000 Liability	$345	$29
$60,000 with $1,000 Deductible and $300,000 Liability	$366	$31

Average cost of renters insurance in Montana by city

Renters insurance premiums can vary widely between cities. To help you choose the right policy, we’ve compiled average costs by location. Explore renters insurance rates across various cities in Montana and find the best fit for your budget.

Renters insurance rates in Montana by city

See rates in your city

Bozeman

Great Falls

Missoula

Average cost of renters insurance in Montana by ZIP code

In Montana, the cost of renters insurance can vary significantly across ZIP codes. Here, we’ll show you the ZIP codes where renters insurance is most affordable and where it costs the most.

Most affordable ZIP codes for renters insurance in Montana

In Montana, your ZIP code plays a major role in determining your premiums. Based on our data, 59831 is the most affordable ZIP code for renters insurance, with an average annual cost of $256.

Comparing quotes from multiple insurers in Montana is a smart way to find the best renters insurance rates for your ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
59831	Dixon	$256	$21
59873	Thompson Falls	$257	$21
59844	Heron	$258	$21
59859	Plains	$258	$22
59821	Arlee	$259	$22
59853	Noxon	$259	$22
59866	St. Regis	$259	$22
59874	Trout Creek	$259	$22
59865	St. Ignatius	$260	$22
59824	Charlo	$261	$22

Least affordable ZIP codes for renters insurance in Montana

Among the ZIP codes analyzed by Insure.com, the least affordable ZIP code for renters insurance in Montana is 59231, with an average cost of $320 a year or $27 monthly.

We analyzed quotes from multiple insurance providers across every ZIP code in Montana. Below, you’l find the average annual renters insurance premiums broken down by ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
59231	St. Marie	$320	$27
59083	Sumatra	$320	$27
59319	Capitol	$319	$27
59054	Melstone	$319	$27
59084	Teigen	$318	$27
59013	Boyd	$316	$26
59026	Edgar	$316	$26
59835	Grantsdale	$315	$26
59240	Glentana	$313	$26
59273	Vandalia	$313	$26

Final thoughts: Average renters insurance in Montana

Renters insurance is essential for residents of Montana. It safeguards possessions against damage from fire, theft, vandalism, and natural disasters, ensuring protection in unforeseen circumstances.

To get the best renters insurance at an affordable price, shop around and compare quotes from various insurance carriers. In addition to insurance premiums, consider factors such as coverage options, deductibles, and customer reviews to make an informed decision.

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.