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Save yourself the time it takes to search for Montana car insurance information. We have the insider knowledge surrounding Montana auto insurance laws, rates, discounts, and more.
What are the minimum car insurance requirements in Montana?
You might have car insurance—and we don’t want to worry you—but do you have enough? In Montana, you must have liability coverage, with the following minimums:
- $25,000 for bodily injury liability, per person per accident
- $50,000 for bodily injury liability, total per accident
- $10,000 for property damage liability, per accident
What additional coverages can you include on your auto policy?
While we told you Montana only requires liability insurance, state minimum requirements are rarely enough to protect yourself fully. Consider adding these optional car insurance coverages to your policy to keep from having to pay out of pocket if you get into an accident.
- Collision Coverage – If you hit another car or object, you’ll be covered by collision insurance.
- Comprehensive Coverage – Whether your car is vandalized or you hit an animal, comprehensive insurance pays for that and more.
- Towing and Labor Coverage –Getting into an accident might make your car undriveable. If you have this coverage, your insurance company will pay for towing.
- Rental Car Coverage –Your insurance company will help pay for a rental car if yours is in the shop after an accident.
- GAP insurance – If you add this coverage to your auto insurance policy, your insurer will reimburse you for the difference between what you owe on your car loan and what the vehicle is worth if it’s totaled in an accident.
How much do Montanans pay for car insurance?
Keeping up with the Jones’ isn’t something we pay much mind to except when it comes to car insurance. According to our research, Montana is the 2nd cheapest state for purchasing auto insurance. Drivers pay roughly $716 a year, but there are providers who offer more affordable coverage options. The following are the average costs for the cheapest insurance companies in Montana:
| Average Annual Rates | |
|---|---|
| USAA | $378.52 |
| Allstate | $630.37 |
| State Farm | $631.85 |
| Safeco | $632.30 |
| Travelers | $670.22 |
| Farmers | $688.19 |
| Nationwide | $825.56 |
| Progessive | $896.93 |
| Kemper Insurance | $968.81 |
| Mountain West Farm Group | $1,110.74 |
How are car insurance costs determined?
Insurance companies carefully calculate the perceived risks of each driver they provide quotes for. Each company has a unique risk assessment profile, meaning a company may put more emphasis on certain factors that other company’s don’t use. For example, your age may be the biggest indicator of your risk assessment at one company, while a second company may only use your gender to calculate premiums. Here are the typical variables a company will use to determine how risky you are as a driver:
- Your vehicle make, year, and model
- Address
- Age
- Gender
- Driving record
- Use of car
- Past claims
- Credit History
If you have higher auto insurance rates due to a bad driving record or poor credit score, make sure to ask about insurance discounts and accident forgiveness programs. Auto insurance companies offer a variety of discounts for things like taking a defensive driving course and taking part in a usage-based insurance program. This is an auto insurance program that uses a mobile app installed on your phone to monitor your driving habits and you receive a discount for driving safely. The cheapest car insurance company for you may come down to which one offers the best discounts.
Did you know?
Thieves can make your car insurance policy rates increase if you drive a car they like to steal. We don’t think you have to run and buy a new car if your vehicle is on this list, but want you to be aware of how driving it may affect your auto insurance premium. Here are the most stolen cars in Montana*:
- Chevrolet Pickup (Full Size)
- Ford Pickup (Full Size)
- Honda Accord
- Dodge Pickup (Full Size)
- GMC Pickup (Full Size)
- Chevrolet Pickup (Small Size)
- Chevrolet Impala
- Toyota Camry
- Honda Civic
- Subaru Legacy
*According to www.nicb.org
Remember, a liability insurance policy will not pay for damages from vehicle theft. You need to add comprehensive coverage if you want to be protected from thieves.
Need help from an expert?
Licensed insurance agents know the ins-and-outs of car insurance in Montana. If you prefer speaking to a real human, we recommend calling [mapi-phone /].
Additional Montana Resources