Average renters insurance cost in Montana

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Renters in Montana pay an average of $284 annually – or $24 per month – for a policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible. For most renters, this is a practical benchmark to start from.

Your actual premium is shaped by the amount of coverage you select, the insurer you go with, and individual factors such as your ZIP code, claims history, and depending on your state – your credit score.

How much does renters insurance cost in Montana?

At $24 per month, renters insurance in Montana is based on a policy with $40,000 in personal property coverage and $300,000 in liability protection. Your premium will shift depending on your location, the coverage limits you set, and the total worth of your possessions. Shopping around and comparing quotes from different insurers is one of the most effective ways to keep costs manageable.

It’s worth remembering that a higher deductible might reduce your monthly premium, while broader coverage for valuables such as electronics or jewelry will increase it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Montana: Where to start

On average, renters insurance in Montana costs $284 per year, or $24 per month
Among all providers in Montana, State Farm consistently comes in with the lowest average rates – around $153 per year
Because premiums can vary significantly from one insurer to the next, comparing multiple quotes before settling on a policy is always a good idea

Which companies offer the cheapest renters insurance in Montana?

The most affordable renters insurance in Montana comes from State Farm, which averages $153 per year. Chubb and Allstate are also competitive options for budget-conscious renters.

Keep in mind that the cheapest policy isn’t always the right one – coverage limits, deductibles, and available discounts all matter. The table below compares average annual and monthly rates from leading insurers 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.

Want a more accurate renters insurance estimate?

Use our calculator to get a personalized renters insurance quote based on your location and coverage needs.

Your final premium may vary depending on the insurer, coverage limits, deductible, claims history, and other rating factors.

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

How much does renters insurance cost by coverage level in Montana?

At the standard coverage level – $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – renters insurance in Montana averages $284 per year.

If you reduce your personal property coverage to $20,000, that average drops to around $206 annually. Before making that adjustment, it’s worth confirming that $20,000 would genuinely cover the cost of replacing your belongings.

The table below compares average annual renters insurance costs in Montana at both the $20,000 and $40,000 coverage levels.

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

People also ask: How much renters insurance coverage do I need?

Coverage needs vary from person to person, but a common starting range is $20,000 to $40,000 in personal property protection and at least $300,000 in liability coverage. The right amount ultimately comes down to the value of what you own, whether any of your items warrant separate endorsements, and how much of a financial cushion you want between you and an unexpected loss.

How much does renters insurance cost by city in Montana?

Renters insurance rates in Montana aren’t the same across the board – where you live within the state can make a noticeable difference. Local factors like crime rates, weather exposure, and population density all influence what insurers charge.

Here’s a look at how average rates compare across major cities in Montana.

Renters insurance rates in Montana by city

See rates in your city

Bozeman

Great Falls

Missoula

Does your ZIP code affect renters insurance rates in Montana?

Your ZIP code is one of the biggest factors insurers use to set rates. Local risks like theft, fire and weather claims can drive premiums up or down, so two renters with the same coverage may pay very different prices.

In Montana, rates range from about $256 in 59831 to $320 in 59231. Here are the cheapest and most expensive ZIP codes for renters insurance in Montana.

Why your ZIP code affects renters insurance costs

Insurers use local risk data to calculate renters insurance premiums, which means rates can vary significantly by neighborhood and ZIP code.

Factors that affect renters insurance rates include:

Local theft and vandalism rates
Weather risks such as hurricanes, floods, or wildfires
Fire claims and rebuilding costs in your area

Even moving a few ZIP codes away can affect your monthly premium.

What are the 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.

ZIP codes with lower theft rates and fewer severe weather claims tend to have more affordable renters insurance premiums.

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

What are the least affordable ZIP codes for renters insurance in Montana?

59231 is the most expensive ZIP code for renters insurance in Montana, at an average cost of $320 annually or $27 monthly.

Here are the average annual renters insurance rates for every ZIP code in Montana, based on quotes from major insurers.

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

How to lower your renters insurance, even in a high-cost ZIP code

Compare at least 3 quotes – rates for the same coverage can vary by $100+ between insurers in the same ZIP code
Bundle with auto insurance to save 5% to 15% on your renters policy
Ask about safety device discounts for smoke detectors, deadbolts, security systems, and smart-home monitoring
Raise your deductible from $500 to $1,000 to save around 10%
Check claims-free discounts if you haven’t filed a claim in 3+ years

Is renters insurance worth it in Montana?

For the vast majority of renters in Montana, a renters insurance policy is a smart financial decision. It covers your personal belongings against fire, theft, vandalism, and certain disasters, and provides liability protection if a guest is injured in your home.

Data from the US Department of Commerce, US Census Bureau, and American Community Survey shows that roughly 48% of renter households in the US spend more than 30% of their income on housing costs – which means every recurring expense, including insurance, deserves careful consideration.

The best approach is to compare policies rather than just prices. Coverage quality, deductibles, and customer service all factor into whether a policy is actually good value. Paying a little more for stronger coverage often makes sense when it’s time to file a claim.

Frequently asked questions

What does renters insurance actually cover?

Renters insurance generally covers three things: your personal belongings, liability protection, and additional living expenses if your home becomes uninhabitable after a covered event. It can help with losses from fire, theft, and vandalism, as well as legal or medical costs if a visitor is injured on your property. Coverage specifics differ by policy, so reviewing your limits and exclusions carefully is important.

Do I really need renters insurance in Montana?

There’s no universal legal requirement for renters insurance, but the protection it offers is hard to replicate on your own. A single incident – whether it’s a break-in, a fire, or accidental damage – can result in thousands of dollars in losses. Renters insurance covers those costs so you’re not paying out of pocket. It’s also increasingly common for landlords in Montana to require it as part of the lease agreement.

Sources:

Insurance Information Institute. Facts + statistics: Renters insurance. Accessed May 2026.

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Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.