Who Has the Cheapest Homeowners Insurance Quotes in Montana?

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

There is perhaps no place on the planet like Montana. With its wonderful scenery and diverse physical features, Montana is growing in popularity among those who want to live a more peaceful life close to nature. Yet you still need a place to stay there, and many people are buying and building homes. And those homes need protection from the elements and disasters, which is where insurance can come in. It’s necessary and affordable, and to prove that we found the best and cheapest policy providers for you in the state.

Here are the three cheapest homeowners insurance providers operating in Montana:

The Three Cheapest Quotes:

Montana may culturally feel the same in a lot of areas, but insurance companies will review each region or even town differently, and as such your home. Keep this in mind and consider the following information a general guide as opposed to an exact prediction.

The number listed next to each provider is the average annual rate for a standard policy.

1) State Farm: $1,663

Cheapest for many other states and people across the country in addition to Montana, State Farm is for lack of better words a massive insurance institution that provides millions of people with straightforward and effective policies that protect them from the standard array of threats. If this sounds like what you’re looking for, or you’re just looking to fulfill a requirement, then State Farm might be the choice for you.

Yet the downside to their being streamlined and simple is the fact that they are streamlined and simple. You won’t find many special options or discounts outside of what you see on the surface layer. If you want additional coverage or have a home with special considerations in mind, then you would do best to look elsewhere.

You can expect the following working with State Farm:

  • An excellent online quoting tool to inform you of how well you would fit with them in less than an hour.
  • A structure and organization that is extremely experienced and able to tackle just about anything.
  • Basic discounts for bundling and installing protective measures in your home.

2) Allstate: $1,710 

Only negligibly more expensive than State Farm is Allstate, a comparably large company and insurance provider that offers a few more options as well as quite a few more discount opportunities. Also providing an excellent online experience, you’ll find Allstate accessible and easy to use when you aren’t working with a customer service rep. Consider them if you’re interested in their options or if you are looking to bundle insurances.

Yet while State Farm has perfectly fine customer service when it comes to Homeowners insurance, Allstate is heavily lacking. Their agents are often subpar, and in an industry known for service problems, Allstate has stood out poorly.

You can expect the following working with Allstate:

  • A large online library of resources dedicated to helping you better understand insurance in general and more specifically your policy.
  • Some special endorsements available for some expensive items.
  • Reliable and straightforward dealings. They won’t trick you, try to deceive or misdirect you, and will be transparent about your policy.

3) Farmers: $1,883

Farmers is the third option we found for Montana and the most expensive, but not to an unacceptable degree. While they might cost a bit more, Farmers has an excellent customer service team that makes it worth it, and they also offer more customization options than the previous two companies. If you need something special or want to modify your coverages, Farmers should be your first choice.

The problems with Farmers mostly revolve around customer satisfaction, or lack thereof. After signup, quite a few customers have noted they weren’t satisfied with the coverage, and more weren’t happy with response times. Whether this is on Farmers or the customers, it’s clear this is an issue you should be aware of.

You can expect the following working with Farmers:

  • The ability to replace damaged parts of your home with eco-friendly materials.
  • Declining deductibles and claims forgiveness for those who make claims rarely.
  • Three different base insurance packages to choose from, each with further customization options available.

Other Notable Montana Homeowners Insurance Providers

It wasn’t possible for us to get an average rate for every large insurance company operating in Montana. Yet there are still a few more worth your consideration, so please consider the following two options as well:

4) Liberty Mutual

With a significant presence in nearly every state, we thought it would be neglectful to not mention Liberty Mutual. A company that can adequately provide coverage to most homes with little issue, they might not be the cheapest, but they are steady and don’t have too many significant problems.

If you want an easy and fast claims process, however, Liberty Mutual is behind the rest of the pack. There are numerous reported issues with claims taking a while to process, and some claims get rejected when they probably wouldn’t with another company.

You can expect the following working with Liberty Mutual:

  • Plenty of opportunities to save on your rate, whether via partnerships with other companies or discounts for bundling or having recently bought a home.
  • An inflation protection endorsement to keep the cost of materials low should you need to make repairs.
  • Optional coverages for water backup, valuables, identity fraud expenses, and more.

5) Nationwide

Nationwide is a company that’s comparable to Farmers given the dedication to service and the customization options available, so if you’re interested in one, get a quote for the other as well. While we think they will be expensive for quite a few homeowners, this will not be the case for everyone, and the options will be worthwhile for others.

The problem with Nationwide is that those options, especially optional coverages, often end up costing the policyholder a great deal. You will need to be careful, especially since their agents and service isn’t perfect.

You can expect the following working with Nationwide:

  • Optional flood, earthquake, water backup, identity theft coverages, and enhanced home replacement and valuables coverages.
  • A high level of reliability. Very little will shake Nationwide’s ability to follow through with its promises.
  • A free and optional annual review to help you get the best coverage possible.

Conclusion

Whether you’re looking for homeowners insurance for the first time or hoping to find a cheaper rate, we hope we provided you with the vital information you need to make the right choice in the near future. We understand it isn’t always easy and there are a lot of factors in play, but we also know that you know your home and your priorities best. Follow your own notes and information, and you can’t go wrong.