Who Has The Cheapest Renters Insurance Quotes in Montana?

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We researched and analyzed quotes for a sample 1000 square-feet of rental property as a benchmark across 36 cities and towns in Montana, and found that the most expensive locations were 38% costlier than the cities with the cheapest renters insurance in the state. Rates provided are illustrative; actual quotes will differ. Read more below, or enter your zip code above to start finding renters insurance quotes.

Cheapest Renters Insurance in Montana

To find the most affordable renters insurance in Montana, we collected quotes from major insurance providers in the state. For our sample renters property of 1,000 square-feet, State Farm ranked the cheapest among the five companies in our study. It had an average annual rate of $125, which is about 37% lower than the average rate for Montana. According to our analysis, below are the average annual rates for major insurance providers in the state, ranked from cheapest to most expensive:

RankCheapest Renters Insurance CompanyAverage Annual Rates
1 State Farm $125
2 Amica  172
3 Allstate  214
4 GEICO  232
5 Farmers  255
Average  200

The above rates were for a profiled property. To determine the best rate for yourself, we recommend comparing quotes from multiple companies. 

Best Renters Insurance Rates in Montana: by City

The five places with the best renters insurance in Montana are all in the western half of the state - four are in the northwest corner. The city with the best renters insurance rates was Bozeman, where premiums were 9% lower than the state average.

RankCityAverage Annual Rates% Difference vs State Average
1 Bozeman $182 -9%
2 Libby 184 -8%
3 Whitefish 184 -8%
4 Polson 185 -7%
5 Missoula 186 -7%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Bozeman, MT

Bozeman ranked with the cheapest renters insurance in Montana. Located in the southwestern corner of the state, Boseman has more than 37,000 residents and was named after John B. Bozeman. Bozeman is known for establishing the Bozeman Trail, one of the many routes used by pioneers during the early 19th-century gold rush in America. Today, the city is home to Montana State University and considered to be a college town. Renters insurance premiums in Bozeman are 9% lower than the state average. 

Libby, MT

Libby is at the intersection of the Cabinet Mountains and the Kootenai River in northwestern Montana. The city has numerous nearby lakes, rivers and mountain trails, as well as downhill skiing, fly fishing and wildlife to observe. The city’s economy previously consisted of mining and lumber but tourism continues to grow in the area. The city also has some of the best renters insurance rates in Montana, with premiums 8% lower than the state average.

Whitefish, MT

In 1904, the Great Northern Railway officially arrived in Whitefish, which was originally known as "Stump town." The town was named because of its proximity to Lake Whitefish. Today, the city of more than 6,300 residents is a popular tourist destination for the area geography, wildlife and especially skiing. Renters insurance premiums in Whitefish are 8% lower than the state average, placing it with the third lowest renters insurance in Montana.

Polson, MT

Bordered by the Mission Mountains, Polson is located on the Flathead Indian Reservation at the south end of Flathead Lake. It has a population of nearly 4,500 residents who, along with tourists, enjoy fantastic views of the mountain ranges and Flathead Lake. Polsan ranks with the fourth most affordable renters insurance rates in Montana. Quotes for our profiled rental are 7% lower than the state mean. 

Missoula, MT

Missoula caps off our list of the five cities and towns with the most affordable renters insurance rates in Montana. Hiking, rock climbing, fishing, bicycle riding, horseback riding, kayaking, rafting and golfing are some of the popular outdoor activities in Missoula. The Blackfoot River and the Bitterroot River are very popular destinations during the summer for floating trips - where people relax in boats and let the river carry them. Fly fishing enjoy fishing along Rock Creek, Bitterroot River, Blackfoot River and Clark Fork. Nearby Snowbowl and Marshall Mountain attract skiing enthusiasts. Renters insurance quotes in Missoula are 7% lower than the state benchmark. 

Most Expensive Renters Insurance in Montana

The five places with the most expensive renters insurance rates in Montana are all located in the central third of the state. The place with the most expensive renters insurance was Browning, where premiums were 20% higher than the state average.

RankCityAverage Annual Rates% Difference vs State Average
1 Browning $251 20%
2 Chester 215 7%
3 Shelby 215 7%
4 Red Lodge 215 7%
5 Laurel 214 6%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Browning, MT

Browning had the most expensive renters insurance in Montana. The city is located within the Blackfeet Indian Reservation and have a population of about 1,000 residents. One of its most famous sons was Steve Reevis, an actor who is best known for his roles in “Dances with Wolves,” “Geronimo: An American Legend,” “Fargo” and “The Missing.” Premiums for renters insurance are 20% higher in Browning than the state average. 

Chester, MT

Located in the north of central Montana, Chester is halfway between Havre and Shelby. The small town of about 1,000 people began as a watering and coal station for railroad steam engines around 1891. It is only 15 miles from Tiber Dam and Lake Elwell, a popular place for boating, water skiing, camping and fishing. Renters insurance rates in Chester are 7% higher than the state average. 

Shelby, MT

Shelby also is in the northern part of central Montana and only 30 miles south of the Canadian border. It is a train and highway stop between Chicago and Seattle - it was a natural choice for transportation. The city has more than 3,000 who enjoy a civic center, sports clubs and a well-rated educational system. Renters insurance premiums in Shelby are 7% higher than the average in the state. 

Red Lodge, MT

The “gateway to Yellowstone National Park” is on one of the highest peaks of Montana's mountains. To some, the elevation and peak might seem like an obstacle, but the city has taken advantage of its location. Red Lodge has world-class outdoor recreation including skiing, snowboarding, fishing hiking and more. Quotes for the study sample property were 7% higher in Red Lodge than the state average. 

Laurel, MT

Laurel has almost 7,000 residents and is part of the Billings Metropolitan Statistical Area. It’s known for the local agriculture but also has a historic shopping district and plenty of local recreation. It also is home to the Montana Rail Link's Laurel Yard, the largest rail yard between St. Paul, Minnesota and Pasco, Washington. Premiums are 6% higher than the state average based on our quote analysis.

Average Cost of Renters Insurance in Montana: by City

Our comparative study of renters insurance premiums in Montana was done by gathering and analyzing quotes from five major carriers across 36 cities in the state. Our analysis showed premiums from the most expensive place were 38% higher than the cheapest place in the state. The rest of the cities and towns included in our analysis are depicted in the graph below, from lowest to highest based on the rates for our sample rental.

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Montana. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium.

RankCityAverage Annual Rates% Difference vs State Average
6 Belgrade 186 -7%
19 Billings 202 1%
1 Bozeman 182 -9%
36 Browning 251 25%
7 Butte 186 -7%
35 Chester 215 8%
31 Choteau 214 7%
13 Columbia Falls 190 -5%
22 Conrad 205 2%
23 Cut Bank 205 2%
26 Eureka 209 4%
27 Glasgow 210 5%
21 Glendive 204 2%
24 Great Falls 205 3%
11 Hamilton 189 -5%
30 Havre 213 6%
16 Helena 196 -2%
10 Kalispell 187 -7%
32 Laurel 214 7%
20 Lewistown 202 1%
2 Libby 184 -8%
8 Livingston 186 -7%
25 Miles City 208 4%
5 Missoula 186 -7%
14 Pablo 190 -5%
15 Plains 190 -5%
4 Polson 185 -7%
33 Red Lodge 215 7%
34 Shelby 215 7%
17 Sidney 197 -1%
12 Stevensville 189 -5%
29 Thompson Falls 212 6%
18 Townsend 200 0%
9 West Yellowstone 186 -7%
3 Whitefish 184 -8%
28 Wolf Point 210 5%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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