Popular Questions about Homeowners Insurance in Montana

On average, American homeowners pay $1,211 a year for their home insurance coverage. However, in Montana, the average annual cost is a bit lower at $1,174. Shopping around for the best rate can save you a significant amount of money every year.

Even though home insurance costs in this state may seem like a lot of money, having this coverage is vitally important because hazards like storms, hail, fire, and burglary can lead to expensive losses for Montana homeowners who are not insured.

Your home insurance gives you a backup plan in the event of a disaster. Whether you’re facing loss or damage due to a fire, a hailstorm, high winds, or a rash of burglaries, you can rest assured that you are covered when you have a suitable Montana homeowners insurance policy behind you.

Here are some of the things your home insurance policy can do to protect you:

  • Pay to Repair or Replace Your Home and Your Belongings
    • Example: Golf ball-size hailstones cause serious damage to your roof, gutters, and siding, and they need to be replaced.
  • Pay for Someone Else's Injuries or Property Damage When It's Your Fault
    • ExampleYour neighbor’s child suffers a serious head injury while playing on your backyard trampoline.
  • Pay for Temporary Living Expenses When Your Home Is Damaged
    • Example: You need to stay in a hotel while your house is being repaired following a damaging windstorm that caused a tree to uproot and fall on your house.

We can’t be 100% certain, but last year alone, insurance companies paid out more than $326 million in home insurance claims just in the state of Montana. That's a lot of unfortunate events happening in the Treasure State!

Insurance companies calculate home insurance costs based on the value of your property and the likelihood that something bad will happen to it. The more likely it is that a harmful event can damage your house and belongings, the more expensive your home insurance policy will be.

These potential disasters are called "risks” or “exposures.” Let’s take a look at how risky Montana is compared to the rest of the country.

Crime:

The good news is that the burglary rate in Montana is lower than the national average. This can help to keep insurance rates affordable.

  • Average number of burglaries per 1,000 homes in MT: 3.07
  • Average number of burglaries per 1,000 homes in the US: 3.76

Be sure to protect your property by keeping doors and windows securely locked, keeping entryways well-lit and unobstructed from view, and installing a home security system. Taking extra steps to safeguard your house can often result in reduced prices on your homeowners insurance.

Weather:

Damaging weather events, such as severe storms and heavy winds, can wreak havoc on residential properties in this state. Be sure that your home insurance provides all the coverage you need to fully rebuild and replace your property before disaster strikes.

  • Number of federally declared disasters since 1953:  91
  • Most common causes of disasters in the state:  Wildfires, floods, and severe storms
  • Average number of tornados per year in the state:  9.3
  • Amount paid in home insurance claims in 2019:  $326,915,000

It is important to be aware that flood damage is not covered by homeowners insurance. A local independent agent can help you review your flood risk and can secure you an affordable flood insurance policy through the National Flood Insurance Program (NIFP), if needed.

Likewise, depending on where your home is located, you may be required to purchase a supplementary federal wildfire insurance policy as well. Local independent insurance agents are aware of the risks you face in your neighborhood and can offer the advice you need to keep your property properly covered.

Home Values:

The estimated cost to rebuild your home will play a large role in how much your home insurance costs. In Montana, the average home value is higher than the national average.

  • Average home value in MT: $231,300
  • Average home value in the US: $188,900

The larger and more valuable your home and property, the more your homeowners insurance policy will cost. Work with a local independent agent to start comparing rates so you can find the policy that offers the best value.

When it comes to homeowners insurance, there is no insurance company that can be considered “best” for everyone. While you may find that one particular company offers the best value for you, a neighbor down the street may find the best price and coverage with another company.

That is why independent agents compare offerings and rates from multiple insurance providers when they are looking for the policy that is best able to meet your coverage and budgetary needs.

Yes! There are currently 93 independent insurance agents in Montana who are ready to help.

Did you know that these local insurance agents can work with several different insurance providers to find you the best rate for coverage? That way, you can buy a policy that meets all your coverage needs at a price you can afford. Talk to an experienced insurance agent near you to learn more.

How does home insurance work?

Find the Best Insurance in Your City

How does your city measure up to the national average?

National average burglary rate 4.69 per 1,000 homes

National average home value $188,900

National average home insurance cost $1,173 year

CityAvg. home valueBurglaries / 1,000 homesAnnual insurance cost
Anaconda$174,9064.27$866
Belgrade$265,8341.26$1,180
Billings$279,0926.21$1,218
Bozeman$354,8431.04$1,326
Butte-Silver Bow$202,0177.14$975
Evergreen$130,3551.45$876
Great Falls$225,8984.80$891
Havre$177,8923.16$940
Helena$248,1805.77$1,157
Kalispell$222,6702.66$1,018
Laurel$259,1001.76$887
Livingston$209,0871.97$902
Miles City$143,9001.77$778
Missoula$376,3575.10$1,291
Whitefish$479,7202.05$1,190
  1. $159
  2. Billings, MT Monthly average home insurance cost
  3. The average monthly cost of home insurance in Billings is $159.
  4. Your quoted cost for homeowners insurance is completely customized according to details about you, your neighborhood, and your house. Therefore, your monthly premiums may be higher or lower than this average rate. Insurance companies consider your home’s size, value, location, and other factors to determine your monthly rate. 
  5. Billings has a very high crime rate when compared with the rest of the state and the nation overall. Residents of this city report about 700 burglaries every year. Fortunately, your Billings homeowners insurance can cover against property loss and damage to your home if you are the victim of a burglary. If you have burglar alarm installed in your home, you may even qualify for a discount on your home insurance premiums.
  6. Talk to a local independent agent to learn more about this and other potential discounts.


  1. $131
  2. Missoula, MT Monthly average home insurance cost
  3. The average monthly cost of home insurance in Missoula is $131.
  4. Homeowners insurance rates in can vary significantly from one homeowner to the next. Your actual rate will be based on factors like the size, value, and location of your home; the age of your roof; the materials used in your home’s construction; and sometimes even your credit score.
  5. One of the most devastating things that a homeowner can experience is a residential fire. In addition to severely damaging your house, a fire can lead to a total loss of your personal belongings, including furniture, electronics, clothing, and precious items. Homeowners insurance cannot bring back your irreplaceable items, but it can give you peace of mind in knowing you can afford to rebuild and replace as necessary.
  6. Contact a local independent insurance agent for help ensuring that your property insurance coverage levels are high enough to enable you replace all of your property in the event of a total loss.


  1. $132
  2. Great Falls, MT Monthly average home insurance cost
  3. The average monthly cost of home insurance in Great Falls is $132.
  4. Of course, what you will actually be expected to pay may differ from this average amount depending on the specific risks associated with your home and property. Your rate will be calculated according to factors like the size of your home, the crime rate and weather risks in your ZIP code, your claims history, and more. 
  5. Residents of Great Falls are no stranger to flood damage. Those with property near the banks of the Missouri River are not the only ones at risk. When winter snows melt and heavy prolonged rains fall, drainage systems can become overwhelmed and flash flooding can occur just about anywhere in this city. Unfortunately, this expensive hazard is not covered by homeowners insurance. For that, you will need a supplemental flood insurance policy. Flood insurance takes 30 days to go into effect, so do not wait until heavy rains are imminent to purchase your coverage.
  6. In addition to helping you find the best price for homeowners insurance, a local independent agent can help you obtain an affordable flood insurance policy through the National Flood Insurance Program (NFIP). Talk to an agent near you to learn more.


  1. $118
  2. Bozeman, MT Monthly average home insurance cost
  3. The average monthly cost of home insurance in Bozeman is $118.
  4. There are a number of large, high-value homes in Bozeman. These multi-million dollar mansions can cost more than $1,000 a month to insure. The average property in this city, however, is more affordable to cover. Your monthly rate is based on the size and value of your home, the building materials used in your home’s construction, your claims history, and more.
  5. Hailstorms can be a problem in Bozeman. Large hailstones can occur without warning, causing significant damage to your roof, gutters, siding, windows, and outdoor structures like sheds and carports. The largest hailstones on record in the Bozeman area were baseball-size stones in June 2010. Fortunately, when you have a solid Great Falls homeowners insurance policy, you can rest assured that your hail-damaged home can be returned to normal without your needing to face a large personal expense. 
  6. Consult a local independent insurance agent to learn more about how your homeowners insurance policy can shield you from financial losses.


  1. $160
  2. Butte-Silver Bow, MT Monthly average home insurance cost
  3. The average monthly cost of home insurance in Butte-Silver Bow is $160.
  4. Your house is probably not the same as your neighbor’s. While everyone in your neighborhood faces the same crime and weather risks, there are many more variables in play when it comes to calculating home insurance rates, such as the size and value of your home, the age of your roof, your claims history, and the size of your deductible. Your monthly rate for Butte-Silver Bow homeowners insurance may therefore be higher or lower than this average.
  5. The Continental Fault line runs just east of Butte. Because of this, residents of Butte-Silver Bow have a 79% greater risk of experiencing earthquake damage. In 2005, a 5.7 magnitude quake was centered just 39 miles away from this city. Earthquakes can cause significant damage to homes and personal property, but they are not covered by homeowners insurance. For that, you will need to supplement your coverage with an earthquake insurance policy.
  6. A local independent agent can help you make sure that you have all the coverage you need to fully protect your home against all of the damaging events that you may face as a property owner in Butte-Silver Bow.