The average cost of full coverage car insurance in Montana is $1,737 per year, on par with the national average rate of $1,674. Full coverage includes liability insurance, plus collision insurance and comprehensive insurance. The cheapest insurance in Montana is the state-required minimum liability insurance, which is $342 per year and consists of bodily injury/death liability insurance and property damage liability insurance.
Rates vary from person to person depending on several factors, including age, gender, zip code of residence, deductibles, and coverage limits.
What Is the Average Premium for Cheap Full Coverage Car Insurance in Montana?
In Montana, drivers pay an average of $145 per month for full coverage car insurance.
One of the best ways drivers can protect themselves and their vehicle is to obtain full coverage, which includes collision and comprehensive coverage. Collision coverage includes damages (repair or replacement costs) due to vehicle collisions, whereas comprehensive coverage protects against things outside of an accident, such as theft, hail, and vandalism. Drivers can also increase their liability insurance coverage to be more protected.
Outside of your driving record, expect the amount of liability coverage and car insurance deductible amount you choose to play a significant role in the insurance rates you pay. With higher coverage limits, more risk is passed on to the insurer, which results in a higher premium. On the other hand, increasing your deductible puts less cost on the insurer, so it will lower your premium.
How Much Is It for Cheap Liability Insurance or the Minimum Required Car Insurance in Montana?
The average state-required minimum liability car insurance in Montana works out to about $29 per month. This is quite a bit cheaper than the national average at $47 per month. Liability car insurance consists of bodily injury/death liability insurance and property damage liability insurance. The state requirement is 25/50/20 but drivers are encouraged to increase those amounts to help pay for injuries and damages you cause if you are at fault for an accident.
How Do Rates Compare Across Major Cities in Montana?
Not all cities in Montana pay the same rates. For example, each city varies in their collective driving record, percentage of younger versus older age groups, and claims history.
For the monthly average premium five major cities in Montana pay, see our breakdown below.
Methodology: For average monthly rates, we used the following demographic: M 30+ with the state-required minimum coverage. There are many factors that affect the cost of car insurance, including your age, gender, driving record, and zip code of residence.