Average renters insurance cost in Montana

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Renters in Montana pay an average of $284 per year, or $24 per month for renters insurance. This is based on a standard policy covering $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – a reasonable baseline for most renters.

What you actually pay will depend on your coverage amount, which insurer you choose, and personal details like your ZIP code, claims history, and in some states, your credit score.

How much does renters insurance cost in Montana?

The average monthly cost of renters insurance in Montana is $24 for a policy with $40,000 in personal property coverage and $300,000 in liability protection. Premiums can shift depending on where you live, how much coverage you need, and the total value of your belongings – which is why getting quotes from several insurers is a smart move.

Generally speaking, raising your deductible lowers your monthly premium, while adding coverage for valuables like jewelry or electronics increases it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Montana: Where to start

Renters insurance in Montana averages $284 per year, or $24 per month for a standard policy
If you’re looking for the lowest price, State Farm tends to offer the most competitive rates in Montana, averaging around $153 per year
Since pricing varies widely between providers, it pays to compare a few options before making a decision

Which companies offer the cheapest renters insurance in Montana?

State Farm offers the most affordable renters insurance in Montana, with an average annual cost of $153. Chubb and Allstate are also worth considering if you’re looking to keep costs down.

Choosing the cheapest insurer isn’t always the best option, so it’s important to review coverage limits, deductibles, and available discounts alongside price. The table below shows average annual and monthly rates from a range of 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?

The average annual renters insurance premium in Montana is $284, based on $40,000 in personal property coverage, $300,000 in liability, and a $1,000 deductible.

Dropping your personal property coverage from $40,000 to $20,000 could bring your annual cost down to around $206. Just make sure $20,000 would actually be enough to replace what you own before making that change.

The table below shows average annual premiums in Montana at both the $20,000 and $40,000 personal property 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?

The right amount of coverage depends on the value of your belongings and how much financial risk you’re willing to take on. Most renters do well with $20,000 to $40,000 in personal property coverage and at least $300,000 in liability protection. If you own high-value items like jewelry or electronics, you may want to add endorsements on top of your base policy.

Renters insurance rates in Montana by city

See rates in your city

Bozeman

Great Falls

Missoula

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.

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 most renters in Montana, a renters insurance policy protects your belongings from risks like fire, theft, vandalism, and certain weather events, and shields you from liability if someone is injured inside your home.

According to figures from the US Department of Commerce, the US Census Bureau, and the American Community Survey, approximately 48% of US renter households allocate more than 30% of their income toward rent and utilities. When housing already takes up a large share of your budget, it’s worth being thoughtful about every ongoing cost – including insurance.

Shopping around makes a real difference. Beyond price, look at what each policy actually covers, what the deductible is, and how the insurer performs when claims are filed. Slightly higher premiums can be worthwhile if the coverage is meaningfully better.

Frequently asked questions

What does renters insurance actually cover?

A standard renters insurance policy covers personal belongings, liability, and additional living expenses if your rental becomes unlivable. It protects against losses from events like fire, theft, and vandalism, and can cover legal or medical costs if someone is hurt on your property. Always check the specific limits and exclusions in any policy you’re considering.

Do I really need renters insurance in Montana?

While renters insurance isn’t legally required in most cases, it provides real financial protection that’s hard to replicate otherwise. Even a basic policy can cover thousands of dollars in losses from theft, fire, or accidental damage – costs that would otherwise come straight out of pocket. Many landlords in Montana also make renters insurance a condition of the lease.

Sources:

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

How much is renters insurance in other states

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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.