If you’re a driver in Montana, you may be curious about how much car insurance costs. Fortunately, there’s an easy way to find out your policy’s price without waiting for an estimate from an insurer. Our car insurance calculator can give you an instant estimate based on your age, location and driving record.
Finding the Best Rates on a Montana Auto Policy
Car insurance costs are determined by several factors, including your age, vehicle type, credit score and driving history. Those with higher credit scores pay 47% less for their Montana auto insurance than those with poor credit.
Minimum Coverage Mandated in Montana
Montana law requires drivers to carry liability coverage that covers $25,000 per person, $50,000 per accident and $20,000 property damage. While these limits are sufficient to protect you financially in case of a serious accident, experts advise purchasing additional coverages so that you are fully secured.
Liability is the most basic form of protection you have in case of an accident. It covers other drivers’ expenses if you were at fault and can also cover your own medical bills if someone hits you without auto insurance.
However, a liability-only policy won’t provide you with any protection if your car is damaged or stolen. That is why experts typically suggest full coverage: liability, comprehensive, and collision coverage. It is also essential to check the policy’s deductible–how much you must pay out-of-pocket to repair your vehicle after an accident–before signing anything.
Montana Offers Cheapest Car Insurance for Good Drivers
Good drivers in Montana pay an average annual car insurance premium of about $1,500 compared to the national average of about $2,500. This is because insurers view good drivers as less risky and charge them lower rates than bad ones do.
Young Drivers in Montana Pose a Big Risk
Insurance providers often charge younger drivers more for car insurance than older ones due to their greater likelihood of accidents and violations. Teen drivers are the most expensive category to insure, with the average premium increasing 2.3x for each year of driving experience.
Luxury or Expensive Vehicles Are a Big Risk to Insure
If you drive an expensive, large or rare car in Montana, chances are that your car insurance premiums are going to be higher. Repairing or replacing such high-end sports cars or SUVs can be quite expensive, plus theft and vandalism are always present as potential hazards.
Fortunately, there are many ways to save on auto insurance in Montana. You can purchase more coverage than what the state requires or add your car as an additional driver on an existing policy. Another way to cut costs is selecting a company that rewards safe driving and claims-free policies with discounts.