The Best and Cheapest Homeowners Insurance in Montana (2026)
Farmers has the cheapest home insurance company for most people in MT, at $1,309 per year, on average, for a policy with $350,000 in dwelling coverage. | ||
Home insurance in Montana costs $2,754/yr, on average. That's 15% more expensive than the national average | ||
Homeowners in Billings pay an average of $3,145/yr for $350,000 in dwelling coverage. Many homes in Billings have a higher-than-average risk of fire damage. |
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Who sells the best cheap home insurance in Montana?
What company has the cheapest home insurance in Montana?
Farmers has the cheapest homeowners insurance in Montana for most people, with an average rate of $1,309 per year for $350,000 in dwelling coverage.
Find Cheap Home Insurance Quotes in Montana
- Farmers' average rate of $1,309 per year is less than half of the state average of $2,754 per year.
- But Chubb is a cheaper choice if your home would cost $500,000 or more to rebuild. Plus, Chubb has policies specifically tailored to the needs of high-value homes.
- If you're a military member or veteran, you could consider a policy from USAA. The company's rates in Montana are expensive, but you do get coverage options geared toward military members, including coverage for uniforms.
Best cheap home insurance in Montana by dwelling amount
$200,000
$350,000
$500,000
$1 million
Company | Annual rate | ||
|---|---|---|---|
| Farmers | 4.0 out of 5 | $734 | |
| State Farm | 3.5 out of 5 | $1,449 | |
| Nationwide | 2.5 out of 5 | $1,947 | |
| American Modern | 2.5 out of 5 | $2,015 | |
| Allstate | 2.5 out of 5 | $2,728 | |
| USAA | 3.0 out of 5 | $2,307 | |
Stars in this table represent ratings specific to home insurance. USAA is only available to military members, veterans and some of their family members.
Key takeaways
- Rates in Montana more than doubled between 2021 and 2025.
- State Farm raised rates the least, but a policy still costs 27.4% more now than it did five years ago.
- Farmers and Liberty Mutual and Liberty Mutual had the biggest rate hikes, with prices going up more than 70% since 2021.
- Montana homeowners should make sure they have coverage for wind, hail and wildfires. Additionally, getting a separate flood insurance policy is a good idea for many homeowners.
Best home insurance in Montana for most people: Farmers
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Annual cost$1,309Average rate for a $350,000 home
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Monthly cost$109Average rate for a $350,000 home
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Customer complaints Average
Best home insurance in Montana for local agent guidance: State Farm
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Annual cost$1,978Average rate for a $350,000 home
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Monthly cost$165Average rate for a $350,000 home
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Customer complaints Average
State Farm can be a great choice if you want the help of a local agent when choosing insurance coverage.
The company has agents in 43 cities across Montana. If you're new to insurance or just want some extra guidance, working with a local agent can be a great choice.
State Farm is also a great option for bundling home and auto insurance. The company has cheap rates for home and car insurance in Montana. Plus, you get an extra discount on both policies when you bundle, which saves you even more.
Best home insurance in Montana for expensive homes: Chubb
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Annual cost$1,249Average rate for a $500,000 home
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Monthly cost$104Average rate for a $500,000 home
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Customer complaints Low
Chubb is the best option for Montana homeowners with luxury or high-value homes.
High-value home rates in Montana
Company | Annual rate | % from state avg. |
|---|---|---|
| Chubb | $1,249 | 61% cheaper |
| Farmers | $1,883 | 41% cheaper |
| State Farm | $2,470 | 23% cheaper |
| Nationwide | $4,099 | 27% more expensive |
| Allstate | $4,367 | 36% more expensive |
| American Modern | $4,623 | 44% more expensive |
| USAA | $3,815 | 19% more expensive |
Rates are for homes with $500,000 in dwelling coverage. USAA is only available to military members, veterans and some family members.
On average, Chubb's yearly rate for a policy with $500,000 in dwelling coverage is $1,249. That's 61% cheaper than the state average of $3,215. If your home needs $1 million in dwelling coverage, Chubb's average rate is $2,269. That's 59% cheaper than the state average of $5,475. Plus, Chubb is known for its excellent customer service.
Chubb's policies are tailored specifically to the needs of high-value homeowners. For example, a Chubb Risk Consultant helps ensure that your home is insured correctly, which is important when you consider that luxury homes may have unique features. You can also take advantage of Chubb's HomeScan feature, which uses infrared technology to scan your home and find problems before they turn into claims.
What are the best home insurance companies in Montana?
Chubb is the best home insurance company in Montana because of its great service.
Chubb has excellent customer service and very few complaints about its home insurance. But you can only get Chubb if you own an expensive house. Farmers is the best home insurance company for most people in Montana.
Company |
Rating
|
Complaints
|
|---|---|---|
| Chubb | 4.5 out of 5 | Low |
| Farmers | 4.0 out of 5 | Average |
| State Farm | 3.5 out of 5 | Average |
| USAA | 3.0 out of 5 | Low |
| Allstate | 2.5 out of 5 | Average |
| American Modern | 2.5 out of 5 | Low |
| Nationwide | 2.5 out of 5 | High |
Stars in this table represent ratings specific to home insurance.
What's the average cost of home insurance in Montana?
Home insurance in Montana costs $2,754 per year, on average, for a policy with $350,000 in dwelling coverage.
That's about 15% higher than the national average cost of home insurance, which is $2,395 per year. Montana's rates are higher than average because of the increased risk for damage, particularly from wind and fires.
Average cost of home insurance in MT
Dwelling coverage | Average rate |
|---|---|
| $200,000 | $1,863 |
| $350,000 | $2,754 |
| $500,000 | $3,215 |
| $1,000,000 | $5,475 |
Montana's home insurance rates are more expensive than rates in nearby states. In Idaho, a home insurance policy with $350,000 in dwelling coverage costs $1,759 per year. In Wyoming, the average rate is $2,101 per year. And in North Dakota, the same coverage costs $2,460 per year, on average.
The only exception is South Dakota, where home insurance costs $3,258 per year, on average. That's 18% more expensive than the average rate in Montana, likely because of the increased risk for severe storm damage.
Montana home insurance rates by city
In Billings, Montana's biggest city, home insurance costs an average of $3,145 per year.
Baker, a small city on the eastern edge of Montana, has the highest average home insurance rates in the state, at $3,691 per year. Kalispell, in northwest Montana near Flathead Lake, has the cheapest average rates at $1,800 per year.
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Cost of Montana home insurance by city
City | Average rate | Cheapest company | Cheapest rate |
|---|---|---|---|
| Absarokee | $2,563 | Farmers | $1,370 |
| Acton | $2,887 | Farmers | $2,020 |
| Alberton | $1,895 | Farmers | $908 |
| Alder | $2,149 | Farmers | $908 |
| Alzada | $3,280 | State Farm | $1,854 |
| Anaconda-Deer Lodge County | $2,208 | Farmers | $908 |
| Angela | $3,098 | State Farm | $1,854 |
| Antelope | $2,506 | Farmers | $1,370 |
| Arlee | $2,044 | Farmers | $908 |
| Ashland | $3,037 | Farmers | $2,020 |
| Augusta | $2,294 | Farmers | $908 |
| Avon | $2,100 | Farmers | $908 |
| Babb | $2,603 | Farmers | $908 |
| Bainville | $2,977 | Farmers | $1,370 |
| Baker | $3,691 | Farmers | $2,020 |
| Ballantine | $3,121 | State Farm | $1,854 |
| Basin | $2,199 | Farmers | $908 |
| Bearcreek | $2,608 | Farmers | $1,370 |
| Belfry | $2,594 | Farmers | $1,370 |
| Belgrade | $2,013 | Farmers | $908 |
| Belt | $2,751 | Farmers | $1,501 |
| Biddle | $3,314 | State Farm | $1,854 |
| Big Arm | $2,009 | Farmers | $908 |
| Big Sandy | $2,636 | Farmers | $1,501 |
| Big Sky | $2,253 | Farmers | $908 |
| Big Timber | $2,541 | Farmers | $1,370 |
| Bigfork | $2,007 | Farmers | $908 |
| Bighorn | $2,782 | State Farm | $1,854 |
| Billings | $3,145 | Farmers | $1,843 |
| Birney | $2,920 | State Farm | $1,854 |
| Black Eagle | $2,446 | Farmers | $1,501 |
| Bloomfield | $3,286 | Farmers | $2,020 |
| Bonner | $2,075 | Farmers | $908 |
| Bonner-West Riverside | $2,077 | Farmers | $908 |
| Boulder | $2,186 | Farmers | $908 |
| Box Elder | $2,424 | Farmers | $1,501 |
| Boyd | $2,633 | Farmers | $1,370 |
| Boyes | $3,281 | State Farm | $1,854 |
| Bozeman | $2,134 | Farmers | $1,145 |
| Brady | $2,369 | Farmers | $1,501 |
| Bridger | $2,602 | Farmers | $1,370 |
| Broadus | $3,525 | Farmers | $2,020 |
| Broadview | $2,862 | State Farm | $1,854 |
| Brockton | $2,977 | Farmers | $1,370 |
| Brockway | $2,532 | Farmers | $1,370 |
| Browning | $2,419 | Farmers | $908 |
| Brusett | $2,830 | State Farm | $1,854 |
| Buffalo | $2,746 | Farmers | $1,501 |
| Busby | $2,781 | Farmers | $2,020 |
| Butte | $2,151 | Farmers | $908 |
| Bynum | $2,366 | Farmers | $1,501 |
| Cameron | $2,062 | Farmers | $908 |
Rates are for a policy with $350,000 of dwelling coverage.
What kind of home insurance should you get in Montana?
Montana homes have to endure severe weather, such as high winds, wildfires and floods. Home insurance usually covers most types of damage, except damage from floods. However, it's a good idea to check with your agent to make sure you understand what your policy does and doesn't cover.
Does homeowners insurance in Montana cover hail and wind damage?
Home insurance usually covers damage from hailstorms and windstorms. You might have to pay a separate wind and hail deductible, which is usually higher than your normal deductible. Review your policy or talk to your insurance company to find out how much your wind/hail deductible is, if you have one.
Montana had 295 windstorms and 123 hailstorms in 2025, according to the National Weather Service. Storms like this can damage your roof and siding, which can lead to water damage inside your home when it rains. Make sure your home is in good condition, because home insurance might not cover you if your house is not well maintained.
Does Montana home insurance cover wildfires?
Most home insurance policies cover damage caused by wildfires. If you're in a particularly high-risk area, you might have limited coverage, though, or you may need to get a separate policy. Talk to your insurance company before a fire happens to make sure you're covered.
Montana experienced 2,424 fires in 2025, which burned nearly 76,000 acres of land. The risk is greater in northern and western Montana, but most of the state has an increased risk of fire damage, according to the Montana Department of Natural Resources & Conservation. To help lower your home's risk of catching on fire, consider getting a fire-resistant roof, installing window coverings and creating a barrier of rock around your home.
Does homeowners insurance in Montana cover floods?
Home insurance doesn't cover damage from floods. You have to buy a separate flood insurance policy to have coverage. Your home insurance company might be able to help you get coverage from the National Flood Insurance Program (NFIP). Or you might be able to find a private company that offers its own policies.
True floods happen when an area that is normally dry is underwater. This can happen after heavy rains or when snow melts. Since 1980, the NFIP has handled 1,246 flood insurance claims that caused more than $17.5 million in damage. Even if you're not in a high-risk area, it's smart to get a quote for flood insurance.
How to save on Montana home insurance
Montana's home insurance rates can be expensive, but there are some ways you can lower your price.
Comparing home insurance quotes lets you see what company has the cheapest rates for the coverage you need. It also lets you find a company with good service and discounts you qualify for. | |
Home insurance discounts, such as a discount for bundling your policy with your car insurance, can also help you lower your rate. You might also be able to save for having a home alarm system, staying with the same company for several years and not smoking. | |
Montana's weather can be hard on roofs. Getting a new roof that is wind- and fire-resistant might earn you a discount on your policy. New roofs are also less likely to get damaged, which means you might file fewer claims. In general, a home that is in good condition is less likely to be damaged by Montana's harsh weather. This won't make your rate lower immediately, but it'll help keep it from going up so much over time. |
Are home insurance rates in Montana going up?
Home insurance prices are up 50.9% in Montana over the last six years.
The biggest increase was in 2024, when rates went up by about 22.5%. However, rates in 2025 went up by less than one percent, which means the increase slowed down.
Montana home insurance rate changes between 2021 to 2025
Year | Avg. rate increase |
|---|---|
| 2021 | 4.22% |
| 2022 | 7.03% |
| 2023 | 9.90% |
| 2024 | 22.49% |
| 2025 | 0.47% |
Home insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Liberty Mutual raised rates the most, with a 79.6% increase between 2021 and 2025. Farmers wasn't far behind, raising rates by 72.7% in the last five years.
State Farm had the smallest rate hike, but it was still significant. A State Farm policy was 27.4% more expensive in 2025 compared to 2021.
Frequently asked questions
What is the average cost of homeowners insurance in Montana?
Home insurance in Montana costs an average of $2,754 per year for a policy with $350,000 in dwelling coverage. The amount you pay will depend on where you live in Montana, how much coverage you need, if you've filed any home insurance claims before and more.
What is the best homeowners insurance in Montana?
Chubb has the best-rated home insurance in Montana, but you can only get a policy if you own a high-value home. For most people, Farmers sells the best and cheapest coverage. A Farmers policy costs $1,309 per year, on average, for a policy with $350,000 in dwelling coverage.
Is homeowners insurance required in Montana?
No, the state of Montana does not require anyone to buy home insurance. But if you have a mortgage, your bank will require you to have a policy. If you don't have a mortgage, you can technically go without home insurance, but it's not usually a good idea unless you can easily afford to repair or rebuild your home yourself.
How much is home insurance on a $500,000 house in Montana?
On average, a home insurance policy with $500,000 in dwelling coverage costs $3,215 per year in Montana. Chubb has much cheaper rates though, at $1,249 per year, on average.
Methodology
To find the best homeowners insurance in Montana, ValuePenguin got quotes from seven of the top companies in 373 residential ZIP codes in the state. All quotes are for a 45-year-old married man who doesn't have any home insurance claims on his record. The home used in the quotes is 46 years old and has 2,200 square feet, which is representative of the average home in Montana.
The quotes are for policies with the following coverage limits:
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $1,000
- Deductible: $1,000
The home insurance rates featured in this article are from Quadrant Information Services. Quadrant uses publicly sourced insurance rate filings in its database. The rates in this article are for comparison purposes only. Your home insurance quotes will be different and based on your unique situation.
ValuePenguin's star ratings take into account each company's rates, coverage options, discounts, unique features and customer service. Service info includes complaint data from the National Association of Insurance Commissioners (NAIC) and scores from J.D. Power's home insurance customer satisfaction and claims satisfaction surveys.
Sources:
About the Author
Senior Writer
Cate Deventer is a Senior Writer who specializes in health insurance, Medicare, auto and home insurance. She's been a licensed insurance agent since 2011.
She started her insurance career working as a customer service agent for State Farm. She later moved to an independent agency, where she worked with several insurance companies and hundreds of clients. She quoted policies, filed claims and answered insurance questions. In 2021, she pivoted her career and began writing about insurance for Bankrate. She moved to ValuePenguin in 2023 and began writing about health insurance and Medicare.
Cate has a passion for helping readers choose insurance to fit their needs. She enjoys knowing that her research and knowledge help people choose insurance products that make a positive difference in their lives.
How insurance helped Cate
Cate used her health insurance knowledge to navigate a surgery in 2023. Understanding how her policy worked let her focus on recovery instead of worrying about bills.
Expertise
- Health insurance
- Medicare & Medicaid
- Auto insurance
- Home insurance
- Life insurance
Credentials
- Licensed Life, Accident & Health Insurance Agent
- Licensed Property & Casualty Insurance Agent
Referenced by
- CBS
- NBC
- Wall Street Journal
Education
- BA, Theatre, Purdue University
- BA, English, Indiana University
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
