Car Insurance in Montana
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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.
|Semi Annual Permium
*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 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:
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.
Here are some key points regarding auto insurance costs in Montana:
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.
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.
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.
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:
Here are the 10 largest auto insurance companies by market share in Montana: