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Best Cheap Car Insurance in Montana for 2021

Dec. 9, 2020
Auto Insurance, Insurance
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Finding the cheapest Montana car insurance can be challenging. Insurance costs vary depending on age, gender, ZIP code and other factors.


 

To help make sense of the madness and simplify your shopping, NerdWallet researched rates from 18 car insurance companies in the state to find the five cheapest options for several driver types.

Cheapest for 20-year-old drivers in Montana

Drivers in their 20s may have to get a lot of quotes to find cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it's best to shop around to find them.

Cheapest full coverage in Montana for 20-year-olds

Drivers in Montana with clean driving records may want to consider the following companies, which had the lowest average rates:

  1. State Farm: $2,173 per year.
  2. Farmers Union: $2,216 per year.
  3. Nationwide: $3,223 per year.
  4. Farmers: $3,992 per year.
  5. Progressive: $4,284 per year.

Cheapest minimum coverage in Montana for 20-year-olds

Drivers in Montana who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:

  1. Farmers Union: $494 per year.
  2. State Farm: $520 per year.
  3. Geico: $722 per year.
  4. Nationwide: $843 per year.
  5. Progressive: $1,038 per year.

Cheapest coverage for 20-year-olds with poor credit in Montana

Drivers with poor credit in Montana should look at the following insurers with the lowest average rates for minimum coverage:

  1. Farmers Union: $728 per year.
  2. Geico: $966 per year.
  3. State Farm: $1,129 per year.
  4. Nationwide: $1,173 per year.
  5. Allstate: $1,582 per year.

Cheapest for 20-year-old drivers with one at-fault crash in Montana

For drivers with a recent accident in Montana, here are the companies with the lowest average rates for minimum coverage:

  1. State Farm: $682 per year.
  2. Farmers Union: $715 per year.
  3. Geico: $893 per year.
  4. Nationwide: $996 per year.
  5. Progressive: $1,298 per year.

Cheapest insurance for 20-year-old drivers after a DUI in Montana

The cheapest auto insurance we found after a DUI is shown here, alongside the insurers’ average rates for minimum coverage.

  1. Farmers Union: $726 per year.
  2. State Farm: $819 per year.
  3. Geico: $1,080 per year.
  4. Progressive: $1,100 per year.
  5. Nationwide: $1,187 per year.

Cheapest for 30-year-old drivers in Montana

By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts.

Cheapest full coverage in Montana for 30-year-olds

Drivers in Montana with clean driving records may get the lowest rates from these companies:

  1. State Farm: $1,157 per year.
  2. Farmers Union: $1,182 per year.
  3. Nationwide: $1,502 per year.
  4. Progressive: $1,815 per year.
  5. Farmers: $1,950 per year.

Cheapest minimum coverage in Montana for 30-year-olds

Drivers in Montana who want their state’s minimum coverage can check with the following companies, which had the lowest average rates:

  1. Farmers Union: $226 per year.
  2. State Farm: $245 per year.
  3. Geico: $319 per year.
  4. Nationwide: $412 per year.
  5. Farmers: $432 per year.

Cheapest coverage for 30-year-olds with poor credit in Montana

Drivers with poor credit in Montana should consider the following companies with the lowest average rates for full coverage:

  1. Farmers Union: $2,027 per year.
  2. State Farm: $2,303 per year.
  3. Nationwide: $2,391 per year.
  4. Geico: $2,853 per year.
  5. Progressive: $3,190 per year.

Cheapest for 30-year-old drivers with one at-fault crash in Montana

For drivers in Montana with a recent accident, here are the lowest average rate options for full coverage:

  1. State Farm: $1,433 per year.
  2. Farmers Union: $1,888 per year.
  3. Nationwide: $2,623 per year.
  4. Farmers: $2,807 per year.
  5. Geico: $2,815 per year.

Cheapest insurance for 30-year-old drivers after a DUI in Montana

For the cheapest auto insurance after a DUI, we found the following options for full coverage.

  1. State Farm: $1,605 per year.
  2. Progressive: $2,011 per year.
  3. Farmers Union: $2,052 per year.
  4. Farmers: $2,656 per year.
  5. Allstate: $3,131 per year.

Cheapest for 40-year-old drivers in Montana

Drivers in their 40s tend to have better insurance rates than their younger counterparts on average, but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive.

Cheapest full coverage in Montana for 40-year-olds

Drivers in Montana with clean driving records may want to think about the following companies, which had the lowest average rates:

  1. Farmers Union: $1,092 per year.
  2. State Farm: $1,126 per year.
  3. Nationwide: $1,477 per year.
  4. Progressive: $1,723 per year.
  5. Farmers: $2,004 per year.

Cheapest minimum coverage in Montana for 40-year-olds

Drivers in Montana who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:

  1. Farmers Union: $219 per year.
  2. State Farm: $243 per year.
  3. Geico: $313 per year.
  4. Nationwide: $412 per year.
  5. Farmers: $430 per year.

Cheapest coverage for 40-year-olds with poor credit in Montana

Drivers with poor credit in Montana can check out the following insurers with the lowest average rates for full coverage:

  1. Farmers Union: $1,876 per year.
  2. State Farm: $2,235 per year.
  3. Nationwide: $2,352 per year.
  4. Geico: $2,769 per year.
  5. Progressive: $3,023 per year.

Cheapest for 40-year-old drivers with one at-fault crash in Montana

For drivers with a recent accident living in Montana, here are the companies with the lowest average rates for full coverage:

  1. State Farm: $1,395 per year.
  2. Farmers Union: $1,786 per year.
  3. Nationwide: $2,586 per year.
  4. Progressive: $2,737 per year.
  5. Geico: $2,753 per year.

Cheapest insurance for 40-year-old drivers after a DUI in Montana

The cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.

  1. State Farm: $1,562 per year.
  2. Progressive: $1,918 per year.
  3. Farmers Union: $1,949 per year.
  4. Farmers: $2,728 per year.
  5. Allstate: $3,128 per year.

Cheapest for 50-year-old drivers in Montana

Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the best rate. Our list of the best cheap car insurance companies is a good place to start.

Cheapest full coverage in Montana for 50-year-olds

Drivers in Montana with clean driving records may want to get quotes from these insurers, which had the lowest average rates:

  1. Farmers Union: $994 per year.
  2. State Farm: $1,088 per year.
  3. Nationwide: $1,377 per year.
  4. Progressive: $1,601 per year.
  5. Geico: $1,917 per year.

Cheapest minimum coverage in Montana for 50-year-olds

Drivers in Montana who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:

  1. Farmers Union: $200 per year.
  2. State Farm: $237 per year.
  3. Geico: $293 per year.
  4. Nationwide: $386 per year.
  5. Farmers: $396 per year.

Cheapest coverage for 50-year-olds with poor credit in Montana

Drivers with poor credit in Montana can check with the following companies, which showed the lowest average rates for full coverage:

  1. Farmers Union: $1,651 per year.
  2. State Farm: $2,153 per year.
  3. Nationwide: $2,198 per year.
  4. Geico: $2,605 per year.
  5. Progressive: $2,808 per year.

Cheapest for 50-year-old drivers with one at-fault crash in Montana

For drivers living in Montana with a recent accident, here are the insurers with the lowest average full coverage rates:

  1. State Farm: $1,350 per year.
  2. Farmers Union: $1,740 per year.
  3. Nationwide: $2,438 per year.
  4. Geico: $2,606 per year.
  5. Progressive: $2,705 per year.

Cheapest insurance for 50-year-old drivers after a DUI in Montana

The cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.

  1. State Farm: $1,514 per year.
  2. Progressive: $1,790 per year.
  3. Farmers Union: $2,015 per year.
  4. Farmers: $2,743 per year.
  5. Allstate: $3,078 per year.

Cheapest for 65-year-old drivers in Montana

Although 65-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap auto insurance for seniors, drivers in their mid-60s should make sure to shop around to find the best rate. Drivers in this age group should also take advantage of any available discounts for senior citizens.

Cheapest full coverage in Montana for 65-year-olds

Drivers in Montana with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Farmers Union: $1,020 per year.
  2. State Farm: $1,021 per year.
  3. Nationwide: $1,352 per year.
  4. Progressive: $1,643 per year.
  5. Farmers: $1,843 per year.

Cheapest minimum coverage in Montana for 65-year-olds

Drivers in Montana who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. State Farm: $224 per year.
  2. Farmers Union: $226 per year.
  3. Geico: $349 per year.
  4. Nationwide: $393 per year.
  5. Farmers: $400 per year.

Cheapest coverage for 65-year-olds with poor credit in Montana

Drivers with poor credit in Montana can look at the following companies with the lowest average rates for full coverage:

  1. Farmers Union: $1,694 per year.
  2. State Farm: $2,009 per year.
  3. Nationwide: $2,158 per year.
  4. Progressive: $2,869 per year.
  5. Geico: $2,875 per year.

Cheapest for 65-year-old drivers with one at-fault crash in Montana

For drivers with a recent accident living in Montana, here are the companies with the lowest average rates for full coverage:

  1. State Farm: $1,269 per year.
  2. Farmers Union: $1,842 per year.
  3. Nationwide: $2,402 per year.
  4. Geico: $2,842 per year.
  5. Farmers: $2,859 per year.

Cheapest insurance for 65-year-old drivers after a DUI in Montana

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. State Farm: $1,424 per year.
  2. Progressive: $1,881 per year.
  3. Farmers Union: $2,185 per year.
  4. Farmers: $2,679 per year.
  5. Allstate: $3,114 per year.

Cheapest for military families

If you’re an active member of the military or a veteran — or have an immediate family member who is — chances are you’ll get a relatively cheap rate with USAA, a company that isn’t available to the general public.

Because of that restriction, USAA isn’t ranked with the others, but it was among the cheapest five auto insurance options for 40 of the 40 driver profiles we examined.

» MORE: Best car insurance for veterans and military

Minimum required auto insurance in Montana

Montana drivers are required to carry liability insurance, which helps cover others’ injury costs or property damage if you’re at fault in an accident.

The minimum limits are:

  • $25,000 bodily injury liability per person.
  • $50,000 bodily injury liability per accident.
  • $20,000 property damage liability per accident.

While this will allow you to drive legally, experts suggest getting more than the bare minimum to be better protected in Big Sky Country. For instance, a single at-fault accident could easily leave you owing more than $20,000 in repairs, and you’d be stuck paying the difference out of pocket.

You may also want to consider common optional coverages such as comprehensive coverage, which helps replace your car if it’s stolen, or uninsured motorist protection, which helps cover your medical treatment if you’re hit by a driver who lacks insurance.

Check out NerdWallet’s guide to state car insurance requirements for more details on the required and optional parts of your Montana auto policy.

Alternative car insurance in Montana

Drivers who try and fail to buy car insurance through the open market could qualify for coverage through the Montana Automobile Insurance Plan.

For personalized auto insurance quotes, use NerdWallet’s anonymous car insurance comparison tool to view estimates from top insurers side-by-side and possibly save hundreds.

Methodology

For our “good driver” profile, NerdWallet averaged insurance estimates from an average of 14 insurers in each state and Washington, D.C., for single male and female drivers with good credit and no tickets or violations. The analysis included 5-10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.

For full coverage policies, we used the following coverage limits:

  • $100,000 bodily injury liability per person.
  • $300,000 bodily injury liability per accident.
  • $50,000 property damage liability per accident.
  • $100,000 uninsured motorist coverage per person.
  • $300,000 uninsured motorist coverage per accident.
  • Collision coverage with a $1,000 deductible.
  • Comprehensive coverage with a $1,000 deductible.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

  • We used a 2018 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.
  • We analyzed rates for drivers 20 to 80 years old in five-year increments.

We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.
  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.
  • For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.
  • For drivers with a DUI, we added a single drunken driving violation that happened six months ago.

These are rates generated through Quadrant Information Services. Your own rates will be different.