Who Has the Cheapest Homeowners Insurance in Montana?

We assessed insurance quotes for a sample 2,000 square foot home in 29 cities in the state of Montana in order to determine which cities had the highest and lowest annual home insurance rates. Based on our research, Montana homeowners pay, on average, $1,752 per year for home insurance. Out of the three insurance companies used for quotes, State Farm had the most affordable rates in Montana. Read more about our findings below, or use our quote tool above to start finding homeowners insurance quotes in your area.

Cheapest Home Insurance Companies in Montana

We gathered quotes for our sample home across 29 cities from State Farm, Farmers, and Allstate. Quotes from each company were averaged to find which insurance companies had the least expensive home insurance rates in Montana. The graph below shows the average annual costs to insure our sample home by company:

Best Home Insurance Companies in Montana

Find the Cheapest Homeowners Insurance Quotes in Your Area

Homeowners Insurance Rates in Montana's Largest Cities

We collected homeowners insurance rates across the ten largest cities in Montana. Our study applied control variables to gather quotes and compare each city's home insurance. The average cost of home insurance in the ten largest cities was $1,752 per year. On average, the homeowners in the ten largest cities pay the same rate as the state mean.

Billings, MT

Billings is the most populous city in the state of Montana. The city was nicknamed the "Magic City" due to its rapid growth in population after its founding in 1882. Today, Billings is the only city in Montana with over 100,000 people. Based on our research, the average cost of home insurance in Billings was $2,239 per year, which is 28% more expensive than the state mean.

Allstate offered the most expensive home insurance quote in the Billings area at $2,354 annually. Farmers, the most expensive insurer in the state, quoted our sample home an annual cost of $2,169, or $185 lower than Allstate. Billings ranks as the fifth most expensive city for home insurance in Montana out of the 29 cities in our study.

Cheapest Homeowners Insurance Companies in Billings

Missoula, MT

Missoula, home to University of Montana, is the second largest city in the state of Montana. It is located in the west of the state, along the Clark Fork River. On average, residents of Missoula pay $1,228 for homeowners insurance annually. Home insurance rates in Missoula are 30% lower than the average in Montana.

The most affordable rates in the area are offered by Allstate at $1,171. The second least expensive rate quoted for our sample home was offered by Farmers at $1,256. And the most expensive rate was quoted by State Farm at $1,257, which is $1 more than Farmers' quote. According to our research, Missoula is the fourth cheapest city for homeowners insurance in Montana.

Best Homeowners Insurance Rates in Missoula

Great Falls, MT

Great Falls is the third most populous city in Montana. It held the title of largest city in Montana from around 1950 to 1970 until it was surpassed by Billings. Great Falls became the second largest city which lasted until it was surpassed by Missoula in 2000. We found that the average homeowners insurance quote in the city was $1,607, which is 8% less than the state mean.

Farmers offered the most expensive home insurance quote for our sample home in Great Falls at $1,902. Allstate offered the least expensive rate in the city of $1,387 per year. Great Falls ranked near the middle for homeowners insurance compared to the 29 cities in the study, landing at the 15th most affordable city in Montana.

Quotes from Great Falls' Cheapest Home Insurance Companies

Bozeman, MT

Bozeman is the fourth largest city in the state of Montana. The city was chosen for an All-America City award in 2001 to recognize the citizens of the city working together to address local issues. According to our study, the average annual homeowners insurance quote in Bozeman was $1,645 per year, which is $108 less expensive than the state mean.

State Farm offered the lowest quote in the city at a cost of $1,199 per year. The second most affordable homeowners insurance quote gathered was offered by Farmers at a cost of $1,684. Allstate offered the most expensive quote at $2,051 per year, which is $852 more than State Farm.

Bozeman's Best Home Insurance Companies

Butte, MT

Butte is the fifth most populous city in Montana. The city was established as a gold and silver mining camp and became the first major industrial city in the state. The average home insurance quote for our sample home in Butte was $1,558, which is 11% more affordable than the state mean.

Allstate quoted the most expensive rate for our sample home in Butte at $1,964 annually, which is $649 more expensive than the rate of $1,315 provided by Farmers. According to our study, homeowners in the city of Butte pay $194 less for their home insurance compared to the state mean.

Best Cheap Home Insurance Companies in Butte

Helena, MT

Helena, the capital of Montana, is the sixth largest city within the state. It was once one of the wealthiest cities after millions of dollars' worth of gold was extracted from the city. Now, it is one of the smallest capital cities in the United States. In Helena, our research found the mean home insurance rate was $1,752 per year, which is the same rate as the state average.

Allstate offered a quote of $1,431 in Helena, which is $888 cheaper than the rate of $2,319 offered by Farmers. State Farm quoted the second most affordable rate of $1,506 for our sample home. Helena had the third most expensive average rate for homeowners insurance out of the ten most populous cities in Montana.

Cheapest Homeowners Insurance Companies in Helena

Kalispell, MT

Kalispell is the seventh largest city in the state. The city, located in the northwestern section of Montana, is bordered by Flathead River, which flows into Glacier National Park. Our research found that the average home insurance premium in Kalispell was $1,185, which is $567 less than the average in the state of Montana.

State Farm, the most affordable insurer in the state, quoted our sample home an annual insurance cost of $1,305. Farmers, the most expensive insurer in the state, offered the cheapest quote in the city of $1,093. Kalispell ranked as the second most affordable city for homeowners insurance of the 29 cities in our study.

Best Homeowners Insurance Rates in Kalispell

Havre, MT

The city of Havre, which served as a major railroad service center for the Great Northern Railway, is the eighth largest city in Montana. It features many historical sites including an underground smuggler's shopping district. We found the mean annual home insurance cost in Havre to be $1,502, which is 14% less than the state average.

If you’re looking for affordable home insurance rates in Havre, we suggest starting with Farmers which quoted our sample home a premium of $999 annually. Allstate offered the least affordable rate at $1,872, which is $873 more per year than Farmers. Havre ranked as the third most affordable city for homeowners insurance of the ten largest cities in our study.

Quotes from Havre's Cheapest Home Insurance Companies

Miles City, MT

Miles City, once a center for trading and livestock, is the ninth most populous city in the state of Montana. It is located in the eastern part of the state and bordered by the Yellowstone River. Miles City has an average homeowners insurance rate that is 78% higher than the state mean. Residents pay an average of $3,119 a year for homeowners insurance.

Allstate and State Farm quoted home insurance rates of $1,589 and $2,932 for our sample home, respectively. Farmers' quote of $4,837 was over twice the amount quoted by Allstate and $1,905 more than the rate offered by State Farm. Miles City ranked as the most expensive city for homeowners insurance out of the 29 cities in our study.

Best Home Insurance Companies in Miles City

Belgrade, MT

Belgrade is the tenth most populous city in the state and the largest city in Montana that is not a county seat. The city is located towards the south of Montana and is near many popular attractions including Bridger Bowl Ski Area and Big Sky Resort. The average homeowners insurance rate in Belgrade was $1,681. This rate is $72 lower than the state average, which represents a 4% discount.

State Farm quoted the cheapest home insurance quote in the area at $1,317. Allstate offered the second least expensive home insurance quote at $1,461, which is $803 less expensive than Farmers' quote of $2,264. Belgrade ranked as the fourth most expensive city for homeowners insurance out of the ten largest cities.

Best Cheap Home Insurance Companies in Belgrade

Least Expensive Homeowners Insurance in Montana: by City

The graph below shows the five most affordable cities in Montana of all 29 cities from our study. The cities are listed in order of mean price, starting with the lowest average home insurance rate and ascending. The figures listed in the graph represent the mean home insurance rate in each city. Columbia Falls is the cheapest city in Montana for homeowners insurance. On average, residents pay $1,183 annually, which is $569 lower than the state average.

Top 5 Cheapest Cities in Montana for Homeowners Insurance

Columbia Falls, MT

As previously mentioned, Columbia Falls is the most affordable city in the state of Montana for homeowners insurance. Residents pay $2 less, on average, for their homeowners insurance policy than the next most affordable city in Montana, Kalispell. Allstate offered the most affordable quote at $1,089.

Kalispell, MT

Kalispell, the seventh largest city in Montana, offers the second cheapest rates for home insurance of the 29 cities in our study. The mean home insurance quote in the city was $1,185, which is 32% cheaper than the state average. The most affordable quote in Kalispell was offered by Farmers at $1,093 per year.

Libby, MT

Libby ranks as the third least expensive city in Montana for homeowners insurance. The average home insurance quote gathered for the city of Libby was $1,191, which is $561 less than the state mean. On a percentage basis, this represents a 32% discount.

Missoula, MT

Missoula, the second most populous city in Montana, offers the fourth most affordable home insurance rates in the state. Residents pay on average $1,228 per year, which is $524 less than the state average. The lowest rate in the city was offered by Allstate at $1,171.

Polson, MT

Polson is ranked as the fifth least expensive city in Montana for home insurance. On average, residents pay $1,288 for home insurance, which represents a 26% lower rate when compared to the state mean. On an annual basis, residents save $464 on homeowners insurance versus the state average.

Most Expensive Homeowners Insurance in Montana: by City

The graph below shows the five least affordable places of all 29 cities from our study. The cities are listed in order of price starting with the highest mean rate and descending. The figures listed represent the average home insurance rate in each city. The most expensive city for homeowners insurance was Miles City where our research found an average annual rate of $3,119, which is 78% higher than the state average.

Top 5 Most Expensive Cities in Montana for Homeowners Insurance

Methodology

We studied 29 cities, spread out geographically in the state of Montana. The sample home we looked at was built in the year 2000 and had 2,000 square feet. The property cost $200,000 and had an attached garage. Quotes for this home were obtained from State Farm, Farmers, and Allstate insurance companies. The rates were then averaged to arrive at a mean value for each city. Below is an alphabetical list of all the cities included in the comparison analysis. We've displayed all cities from Belgrade to Wolf Point with the average annual cost of insurance for the benchmark property and how much each city costs relative to the statewide average.

RankCityAverage Insurance RateCost Compared to State Average
17Belgrade$1,681-4%
25Billings2,23928%
16Bozeman1,645-6%
13Butte1,558-11%
14Choteau1,575-10%
1Columbia Falls1,183-32%
11Conrad1,528-13%
7Cut Bank1,393-21%
23Glasgow2,06118%
28Glendive2,87564%
15Great Falls1,607-8%
12Hamilton1,537-12%
9Havre1,502-14%
18Helena1,7520%
2Kalispell1,185-32%
24Laurel2,13922%
27Lewistown2,26029%
3Libby1,191-32%
19Livingston1,7771%
29Miles City3,11978%
4Missoula1,228-30%
5Polson1,288-26%
21Red Lodge1,99214%
8Shelby1,493-15%
20Sidney1,8948%
10Thompson Falls1,504-14%
22Townsend2,04317%
6Whitefish1,304-26%
26Wolf Point2,25629%

Sources:

Montana Census Data

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