Average Renters Insurance Cost in Montana

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In Montana, renters insurance rates depend on factors like your insurer, chosen coverage limits and personal circumstances. On average, renters pay $284 annually or $24 monthly for a policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible.

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

In Montana, the average monthly cost of renters insurance is $24. However, premiums can differ depending on factors such as your rental’s location, the value of your personal belongings and the level of coverage you select. Experts recommend comparing quotes from different insurance companies to find the best deal.

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

Average renters insurance cost in Montana by company

Renters in Montana can find the most budget-friendly insurance with State Farm, which has an average annual cost of $153, according to our data. Other affordable options include Chubb and Allstate.

It’s a good idea to gather quotes from at least three insurance providers, as each company calculates premiums differently.

Below are the average annual and monthly renters insurance rates from various 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.

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 rates can vary widely between cities. To make finding the right policy easier, we’ve broken down the costs by city. Discover how much renters insurance typically costs in different areas of Montana.

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

Your ZIP code, among other factors, affects how much you pay for renters insurance in Montana. 59231 is the least affordable ZIP code for Montana renters at an average cost of $320 a year or $27 monthly.

We have analyzed quotes from the major insurance carriers across all the ZIP codes in Montana. Below are the average annual renters insurance costs 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 a must-have for renters in Montana. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.

To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. In addition to price, consider factors like coverage options, deductibles and customer reviews.

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.