Montana Homeowners Insurance

Montana homeowners insurance coverage includes dwelling, other structures, personal property, and loss of use costs when you are waiting on home repairs after a claim. To save money on your Montana homeowners insurance, comparison shop online and get multiple quotes from local companies. Enter your ZIP code to start comparing Montana home insurance quotes for free.

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Natasha McLachlan is a writer who currently lives in Southern California. She is an alumna of California College of the Arts, where she obtained her B.A. in Writing and Literature. Her current work revolves around insurance guides and informational articles. She truly enjoys helping others learn more about everyday, practical matters through her work.

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Jul 16, 2021

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You might be interested to know that home insurance premiums in your state average around $721/yr ($60/mo). This amount is broken down by the insurance company to cover four main coverages, sometimes even more.

To help you save money, understand what the main parts of home insurance are, and get a feeling for the possible risks faced by homes in your area.

Montana Homeowners Insurance Coverage

  1. Dwelling
    This is the main building being insured. Typically, this is the primary residence as well, which is why it is called the dwelling coverage. Any structure that is permanently attached to the dwelling is considered part of the dwelling, such as a built-in garage or a room that has been added onto the main home.
  2. Other Structures
    Any building or other constructed item on the insured property is considered an “other” structure. Other structures are not attached permanently to the home. A guest cottage might be connected via a breezeway, but it is still an “other” structure.
  3. Personal Property
    Personal property includes all of your belongings, inside of the dwelling and out. Lawn equipment, yard decorations, your clothing and appliances and your furniture are some examples of personal property, but the term can be applied to anything you own that is not a structure.
  4. Loss of Use
    This is the portion of your homeowner’s policy that will reimburse you for out of pocket costs if you are not able to make full use of your dwelling as a result of a named peril. It is important to save any receipts you plan to claim as loss of use so they can be turned in along with the claim.

Average Montana Homeowner Insurance Rates vs. US

Source: USCB

Cheaper Montana Home Insurance

Affordable home insurance does not mean skimping on coverage or settling for second best. What it means is shopping for the best price and taking a proactive stance towards home security and insurance risk reduction. Follow these simple tips and your home insurance will go down.

  • Home Security
    A fence around your property makes your home more secure and earns a discount on home insurance. You can also have deadbolts installed, and the best home security related discount is to have a professionally monitored alarm system put in to give law enforcement a fighting chance of apprehending burglars.
  • Reduce Insurance Risks
    When you purchase multiple insurance policies from the same company, the insurer will often give you a discount on your coverages. The reason for this appear to be customer loyalty at first, but the real reason is that statistics show that there is very little chance of the insurance company having to pay out on multiple policies, so writing multiple policies for you means less of chance that you will file a claim the company has to settle.
  • Credit Score and Insurance Risk
    Your credit score is important in all financial matters, and when you get down to the brass tacks insurance is all about finances. Keep your credit score above 650 and check it often to make sure that it is not being contaminated by someone trying to piggyback on your identity.

Home Characteristics Affecting Montana Insurance Rates

In Montana, the average of a home is 35 years and the average home value is $176,300. Age makes a big difference in home insurance for two reasons: the cost of materials has gone up since the home was built, and the longer a house goes without a major claim being filed, the more likely it will be to have a claim filed soon. Keeping your home well-maintained can help reduce the risks associated with older homes.

Defending Your Home Against Crime & Vandalism

In Montana, 3.69 burglaries happen for every 1000 people. Defending your home against crime can be done by following the suggestions above, such as installing a fence, deadbolts and a professional security system. There is no way to be certain that you will never be burglarized, but these things will greatly reduce the chances.

Local Natural Disasters Montana Homeowners Should Consider Protecting Against

In addition to reducing the chance of criminal mischief and improving your credit, your home insurance will still be affected by the local perils that could rock your world. Take a look at some of the major perils in the country and get a feeling for how your home stacks up against them.

  • Earthquakes
    Ranked at 8 out of 51, a number that could increase at any time because Montana sits on top of one of the largest underground calderas in the world. Earthquakes are not included in standard home insurance, and coverage may be difficult to find through traditional channels.
  • Flood
    Montana reported 18 claims in 2009, a tiny portion compared the national rate of 46,621 flood claims. Like earthquakes, flood insurance must be purchased separate, and may only be available through high risk insurance agencies or special state-managed insurance pools.
  • Hail
    Hail can be potentially deadly and destructive, but it is still covered as a named peril in most standard home insurance policies. Hail is a byproduct of a wind storm, and winds are commonly covered in standard homeowner insurance policies.
  • Hurricanes
    Montana is not prone to hurricanes, but the state sees wild winter storms almost every year. Check your policy to make sure that snow damage is covered, including damage to your roof or water leaking into the home. If you find any common weather patterns are excluded, ask about adding the coverage or shop around for a better insurance company.
  • Tornadoes
    15 tornadoes hit Montana in any given year. The good news is that even though a tornado can be spectacularly devastating, it is still listed as a wind storm and covered by your standard home policy.
  • Wildfires
    Because of its size and the amount of rural and wilderness spaces, Montana receives a large share of the annual 74,749 wildfires which occur nationwide every year.

Montana Homeowners Insurance Optional Coverages

Insure your personal property properly. Increasing the limits on your policy will cost a little more in premiums, but when the choices are buy insurance or risk losing it all, insurance is a bargain at any price. Another good idea is to purchase an umbrella liability policy. This type of insurance works across multiple lines of coverage and will pick up where the default liability coverage ends, a perfect solution to worries over lawsuits and people getting injured on or around your property.

Important Contact Information

Montana Department of Insurance
840 Helena Ave.
Helena, MT 59601
Phone: (406) 444-2040

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