Cheap Car Insurance

Cheaper Rates Today in MT

Car Insurance in Montana

  • Compare cheap car insurance quotes in MT
  • Get the cheapest car insurance from top companies like Allstate, Progressive, and more!
  • Save hundreds a year on your Montana car insurance.

Cheap Car Insurance

Cheaper Rates Today in MT

Car Insurance in Montana

  • Compare cheap car insurance quotes in MT
  • Get the cheapest car insurance from top companies like Allstate, Progressive, and more!
  • Save hundreds a year on your Montana car insurance.

Cheap Car Insurance Companies In Montana

The average semiannual cost of car insurance in the state of Montana is $840.50. An insured premiums are influenced by more variables than purely their place of residence. Car insurance underwriters calculate auto insurance rates after assessing a range of criteria such as the policyholder’s age, driving record, marital status, and credit rating. We examined typical car insurance costs in Montana across each of the predominant rating factors. We aim to provide consumers insight to identify a car insurance policy that meets their needs and budget.

CompanySemi Annual Permium
USAA$512.50
Progressive$640.00
State Farm$667.50
GEICO$954.00
Farmers$1,049.50
Allstate$1,345.00

*Data Methodology – Updated 1/15/2024

The Montana car insurance rates are based on a 35-year-old male with the most popular car (Honda Accord) living in MT. The Quote is for full coverage with comprehensive at $500 deductible and collision at $500 deductible.

Montana Minimum Liability Coverage

Montana has some of the lowest auto insurance rates in the country. This is due in part to the state’s low population density and low traffic congestion. However, to legally drive in Montana, you are required to have minimum liability insurance coverage. Here are the key things to know about Montana’s minimum liability insurance requirements and average auto insurance rates:

  • Montana Minimum Liability Coverage: Montana requires all drivers to carry at least $25,000 of bodily injury liability coverage per person, $50,000 of bodily injury liability coverage per accident, and $10,000 of property damage liability coverage.
  • Penalties for Driving Without Insurance: If caught driving without insurance in Montana, you will face a misdemeanor charge punishable by up to 6 months in jail and fines up to $500. Your vehicle registration may also be suspended.
  • Average Auto Insurance Rates: The average annual expenditure on auto insurance premiums in Montana is around $650, well below the national average of over $1,000. Rates tend to be lower in rural areas compared to more populated cities.

Penalties for Driving Without Insurance in Montana

If you’re caught driving without insurance in Montana, you’ll likely face some hefty penalties. The first offense for driving without insurance is a misdemeanor punishable by up to 6 months in jail and fines up to $500. Additionally, your vehicle registration may be suspended for up to one year.

For a second offense within three years, penalties are even more severe. You could face up to one year in jail and fines up to $1,000. Your vehicle registration will also be suspended for at least one year.

Insurance companies in Montana also have access to a database that tracks uninsured motorists. If your name shows up in this database, insurance companies may refuse to provide you with a policy, making it very difficult to legally drive.

Auto Insurance Rates in Montana

Here are some key points regarding auto insurance costs in Montana:

  • Liability insurance is the cheapest type of coverage in Montana, costing on average between $250 to $400 per year. Property damage liability coverage costs slightly more.
  • Comprehensive and collision coverage tends to be more affordable in Montana compared to the national average. Comprehensive coverage costs around $200 per year on average while collision insurance is roughly $300 annually.
  • Rural areas of Montana typically have the lowest insurance rates due to fewer claims from accidents and thefts. More populated cities like Billings, Missoula and Bozeman tend to have higher premiums.
  • Teen drivers usually pay the highest auto insurance rates in Montana. Young males under 25 often face the steepest premiums.
  • Drivers with clean records and good credit scores can qualify for lower insurance rates from many companies. Bundling insurance policies for home and auto can also reduce costs.

Auto insurance costs in Montana are below the national average thanks to the state’s low traffic density and accident rates. There is still variability in car insurance rates based on location, driver age, safety record and auto insurance company. Doing your research and shopping around for the best coverage options can help you achieve the most affordable auto insurance in Montana.

Low Cost Car Insurance Programs and Discounts in Montana

Montana drivers looking to save money on auto insurance have some options available in the form of low-cost insurance programs. While these programs won’t necessarily offer the lowest rates, they can provide more affordable coverage for those who qualify. Here are a few programs to consider:

Montana Auto Insurance Plan (MAIP)
MAIP is a residual market insurance plan that offers coverage to those who have been declined by at least two private insurers. Premiums are typically higher through MAIP but it ensures that all Montana drivers have access to minimum liability insurance.

Good Student Discounts
Many insurance companies provide discounts for students who maintain a B average or higher. Discounts typically range from 10% to 25% and can make a big difference for teens and college students.

Low Mileage Discounts
Drivers who travel fewer miles per year – under 7,500 or 10,000 miles – may qualify for low mileage discounts of up to 20%. This is a good option for those who only drive occasionally.

Multi-Policy Discounts
Bundling homeowners or renters’ insurance with auto insurance from the same company can reduce rates by 10% or more. Seniors may benefit from bundling Medicare supplemental plans.

Defensive Driving Courses
Completing a defensive driving or accident prevention course could earn you a discount of 5% to 10% from some insurers. Courses are available online or in-person from private providers.

Montana drivers may find more affordable car insurance programs that meet their needs and budgets. Getting multiple car insurance quotes and comparing coverage details can help you determine the best cheap car insurance options for your needs.

Montana Car Insurance Statistics

Car insurance statistics in Montana can give you a better idea of average costs and coverage levels in the state. Here are some figures to keep in mind:

  • Average premiums: According to the National Association of Insurance Commissioners, the average annual auto insurance expenditure per insured vehicle in Montana was $826 in 2018. This is slightly below the U.S. average of $935.
  • Bodily injury claims: In 2018, bodily injury claims made up 37% of total paid auto insurance losses in Montana. Property damage claims accounted for 46% of losses, while physical damage claims were 17%.
  • Uninsured motorists: Around 13% of motorists in Montana are uninsured, slightly above the national uninsured motorist rate of 12.6%. Having uninsured/underinsured motorist coverage can help protect you from financial loss if you’re in an accident with an uninsured driver.
  • Accident rates: The Montana Department of Transportation reports that there were over 39,000 vehicle accidents in the state in 2018. Of those, 1,000 resulted in fatalities and over 9,000 caused injuries.

The 10 Largest Montana Car Insurance Companies

Here are the 10 largest auto insurance companies by market share in Montana:

  1. State Farm: State Farm is the largest auto insurer in Montana with a 26% market share. The company is known for affordable rates and multi-vehicle discounts.
  2. Farmers Insurance: Farmers Insurance has a 13% market share in Montana. They offer a variety of coverage options and discounts.
  3. Progressive: Progressive has a 9% market share in the Montana car insurance market. They are a direct insurer known for their name-your-price tool and usage-based options.
  4. Allstate: Allstate holds an 8% market share in Montana. They offer many coverage options and custom programs for various customer groups.
  5. American Family Insurance: American Family has a 7% market share in Montana. They are a mutual company focused on personalized service.
  6. Liberty Mutual: Liberty Mutual has a 6% market share in Montana. They offer a variety of coverage options and discounts for things like good grades, bundling policies and more.
  7. Nationwide: Nationwide has a 5% market share in Montana. They are known for their customer loyalty programs and stable rates.
  8. USAA: Though USAA is exclusive to military members, their families and alumni, they still hold a 4% share of the Montana auto insurance market.
  9. GEICO: GEICO has a 4% market share in Montana. They are a direct insurer known for their 24/7 claims service and affordable rates.
  10. MetLife: MetLife Auto & Home has a 2% market share in Montana. They offer usage-based options and multi-policy discounts.