Best homeowners insurance in Montana of 2021

Montana’s vast expanse is home to thousands of Americans who have their own homes. However, home insurance is expensive in Montana. For a policy that covers $250,000 of dwelling coverage, the average annual cost for homeowners insurance is $1770. It is worth having homeowners insurance in Montana, particularly because of the state’s vulnerability to natural disasters like wildfires.

It is not easy to find the right company for home insurance . It takes time and careful consideration in order to obtain the best policy at the best price. Attention to details like coverages, discounts and financial strength, as well as customer satisfaction, is crucial.

Montana’s best home insurance companies

We did extensive research to help you locate the best Montana home insurance companies. These providers are distinguished by their comprehensive coverage, generous discounts, and excellent customer service.

Insurance company for homeownersAverage annual premium of $250K liabilityJ.D. J.D.
AAA$1,056820/1,000
State Farm$1,573829/1,000
Shelter$1,661N/A
USAA$1,936889/1,000
Allstate$2,334829/1,000

AAA

For Montana homeowners looking for affordable insurance, AAA home insurance is a great choice. This provider is the most affordable on our list. The average annual premium for $250,000 of dwelling coverage is $1,056. That’s more than $700 less than the state average rate. AAA home insurance offers great coverages and discounts for AAA members.

State Farm

State Farm is the biggest home insurance provider in the United States, accounting for 18%. State Farm offers Montana homeowners a number of helpful online tools and discounts. It also has a highly-rated app that allows for claims reporting. State Farm has offices in 12 Montana cities to help you meet with an agent and discuss your policy.

Shelter

Shelter Insurance is our top recommendation to Montanans looking for home insurance with customizable coverage. Shelter offers a range of endorsements which are useful to Montana homeowners. These include debris removal coverage and fire department charges coverage. Farm activity coverage is also available.

USAA

USAA is a highly-rated company in the insurance industry. However, it does not serve homeowners who are military personnel or veterans. USAA offers robust coverage in addition to outstanding customer service and financial strength. All the basic coverages are included in standard policies, including home-sharing coverage, earthquake insurance, and uniform coverage.

Allstate

Allstate is the most costly provider on our list. However, Montana homeowners have access to unique coverage options such as green improvement coverage, yard and gardening coverage, and coverage for sports equipment and musical instruments. Allstate offers some common discounts to help reduce your premium.

Montana homeowners insurance average cost

The average premium for Montana home insurance is $1,770. The Treasure State homeowners can expect to pay higher homeowners insurance premiums than in other states, compared to the $1,477 national average rate.

Montana homeowners insurance is more expensive than most other states. The Idaho average home insurance premium is $936 per annum, while Wyoming’s average rate is $11,144 per annum. Montana’s home insurance premiums are higher because of the greater loss risk, such as wildfires or tornadoes.

Montana Home Insurance Considerations

Montana’s remote location means that it experiences extreme weather. Montana homes are vulnerable to weather-related hazards, including severe hailstorms and wildfires. The right home insurance policy will protect you from all these risks and more.

Common Montana causes of loss

Wildfires are one of the leading causes of Montana’s loss. According to III’s 2019 insurance Fact Book, Montana saw over 1,300,000,000 acres of wildfires in 2017. The following losses should be considered by Montana homeowners:

  • Hail and wind damage
  • Lightning and fire damage
  • Flooding and water damage
  • Earthquakes

Montana Recommended Coverages

Home insurance coverage varies from company to company. However, there are some common coverages that most basic home policies include, such as dwelling, personal property, and additional living expenses coverage. Montana homeowners may also consider optional coverage to increase their protection.

  • Earthquake insurance
  • Insurance coverage for identity theft
  • Water backup coverage

Questions frequently asked

What is Montana’s best homeowner insurance?

It all depends on the homeowner’s needs and what they are looking for in an insurance policy. Montana has the best homeowners insurance. While some people are looking for the lowest policy, others want the most coverage. For the best insurance in your area, compare quotes from several companies to find the right one.

How can I get Montana homeowners insurance?

First, get a quote for your Montana home insurance. You can get a quote by filling out the online form or calling an agent to obtain information from an insurance company.

Montana homeowners insurance: Is it required?

Montana doesn’t require homeowners to have insurance. However, many lenders require homeowners to have insurance in order to qualify for a mortgage.

Are homeowners’ insurance policies in Montana inclusive of wildfire coverage?

While policies may vary from insurer to insurer, most home policies will cover wildfire damage. It is important to verify with your insurer the specific coverage options for your state.