In Montana, the state government requires that drivers have liability insurance, which pays for the other party in an at-fault accident. The cost of this coverage varies widely by insurer. To get the best possible price, you should shop around. This can save you hundreds of dollars a year, even if you do not qualify for discounts.
In addition to liability insurance, you can also purchase collision and comprehensive insurance. These two types of coverage protect you, your vehicle, and your passengers. However, these two insurance options can be more expensive than you think. You can find a cheaper premium by choosing only the minimum required coverage.
One of the ways to find the lowest car insurance rates is to look at your age and driving history. Drivers under 25 tend to pay the highest premiums, while senior drivers are often found to have lower rates. Similarly, those with poor credit are likely to pay more. It is not surprising that these factors affect the overall price of your coverage.
Another way to find the cheapest auto insurance in Montana is to compare the different companies’ offerings. Many carriers offer an online quote tool that allows you to compare costs. Besides looking at your personal information, insurers take into account things such as your risk profile, your credit score, and your history of claims. A clean driving record will usually entitle you to a discount on your premiums, although you should be careful to avoid making small claims.
Car insurance companies in Montana will also consider the type of vehicle you drive. An expensive, high-powered automobile is going to be more costly to insure than a low-cost, compact model. Moreover, the more expensive the vehicle, the higher the chances are of having a claim. So if you plan to buy a new car, you may want to take a look at a variety of quotes before you make your decision.
Other important considerations include the type of coverage you want. Most insurance experts suggest purchasing full coverage, which is a combination of liability, collision, and comprehensive coverage. While liability is the cheapest coverage available, a comprehensive policy offers the most protection. If you purchase a car that has low replacement value, you might not be able to justify the extra cost of comprehensive.
When you compare the prices of several insurance providers, you will see that the cheapest option can vary by more than $1,000. For instance, the cheapest insurance for a teen driver in Montana will cost more than three times the amount of a driver in his or her twenties.
To get the most accurate estimate of your premium, you can also use a car insurance calculator. MoneyGeek has a great tool that helps you figure out how much insurance you need. They looked at various factors, such as your age, your credit score, the amount of coverage you require, and the type of car you own. Using their calculator, you can quickly determine the insurance cost of a new vehicle.