The best car insurance companies in Montana for 2024 are Nationwide, State Farm, Geico and Progressive. This list is determined by analyzing the companies’ annual car insurance premiums, financial stability and customer satisfaction ratings.
Use our guide to find the best insurance company for your needs and budget. We’ll help you understand your options in Montana so you can make a confident decision.
Our takeNationwide stands out as the best overall car insurance company in Montana. With a strong financial rating (A+ from AM Best) and competitive rates, it offers an excellent balance of affordability and comprehensive coverage.
Nationwide’s average annual car insurance cost is $1,394. Additionally, It received a J.D. Power score of 810/1,000 and an overall rating of 3.93 out of 5, the highest among the companies surveyed.
It is worth noting that Nationwide has the lowest average car insurance premiums in our survey, at $1,394 a year.
Check out our experts’ recommendations for the best car insurance coverage
What are the best car insurance companies in Montana?
Montana drivers have various top-rated car insurance companies to choose from. Whether you seek the best overall experience, the most affordable rates or exceptional customer service, there’s an insurer that fits your needs.
Here’s a breakdown of the best auto insurance companies in Montana by category.
| Category | Company |
|---|---|
| Best overall | Nationwide |
| Most affordable | Nationwide |
| Highest customer satisfaction | State Farm |
| Best for teen | State Farm |
| Best for young adults | Nationwide |
| Best for adults | Nationwide |
| Best for seniors | Nationwide |
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- What’s the cheapest car insurance in Montana?
- How much does car insurance cost in Montana?
Compare the best auto insurance companies in Montana
Comparing car insurance companies is important in finding the best policy that suits your specific requirements. Insurance rates can vary significantly from one company to another based on how they assess risk.
By comparing quotes, you can find affordable rates and potentially save money on your premiums. To make it easier, we’ve analyzed the best car insurance companies in Montana. The table below shows the best auto insurance providers for Montana drivers.
| Company | Annual cost | AM Best | J.D. Power | NAIC | Overall score out of 5 |
|---|---|---|---|---|---|
| Nationwide | $1,394 | A+ | 810 | 0.64 | 3.93 |
| State Farm | $1,858 | A++ | 821 | 0.70 | 3.86 |
| Geico | $2,382 | A++ | 797 | 0.91 | 3.49 |
| Progressive | $2,414 | A+ | 807 | 0.65 | 3.36 |
| Allstate | $2,949 | A+ | 783 | 0.65 | 3.07 |
| Farmers | $2,939 | A | 796 | 0.80 | 2.95 |
| Kemper Insurance | $2,692 | A- | 736 | 2.16 | 1.69 |
Best car insurance companies by age group in Montana
Choosing the right car insurance company can be like picking the perfect pair of shoes—it must fit your unique needs and lifestyle. What works for a teenage driver might not be the best option for a senior driver. As drivers age, their driving habits and risk profiles change, impacting their car insurance rates and coverage.
Teen drivers are considered high-risk and require extensive coverage options and discounts, such as good student discounts. On the other hand, senior drivers prioritize coverage that includes medical payments and higher liability limits, discounts for low mileage and long-term loyalty and prefer personalized customer service and easy claims process.
Drivers can get the best coverage by choosing an insurance company that fits their age group, specific risks, budget and lifestyle. This helps them stay well-protected at every stage of their driving life.
Select your age group and coverage level below to see the list of best car insurance companies and their annual average rates.
| Company | Annual rates | Customer satisfaction rating |
|---|---|---|
- Full coverage: 100/300/100 liability with $500 comprehensive/collision deductible
- Liability only: 50/100/50 liability only
- State minimum: State minimum coverage
Check out our detailed guide on average car insurance rates by age group
Best for teen drivers in Montana
Insurance premiums are typically higher for teen drivers because of their increased risk and inexperience. According to the Centers for Disease Control and Prevention, teen drivers are more likely to misjudge or not notice risky situations than older drivers.
Teen drivers are also more likely to make serious mistakes that can lead to major accidents. In 2022, 2,883 teenagers between the ages of 13 and 19 lost their lives in car accidents, according to a report from the Insurance Institute for Highway Safety.
Finding insurance companies that offer competitive rates and benefits for teen drivers, like good student discounts, driver training discounts and accident forgiveness, can help manage these costs.
State Farm stands out for its affordable rates for teen drivers. It offers car insurance at $4,786 per year.
To find the best car insurance companies for teen drivers, we considered various parameters to ensure a detailed analysis. Each company’s score is based on a weighted analysis of four key factors:
- The average annual full-coverage car insurance cost (25%)
- J.D. Power score (30%)
- AM Best rating (25%)
- NAIC rating (20%)
Each factor is assigned a certain percentage weight based on the companies’ performance in each category.
According to our analysis, these are the top picks for teens aged 16-19 in Montana:
| Company | Annual cost | AM Best | J.D. Power | NAIC | Overall score out of 5 |
|---|---|---|---|---|---|
| State Farm | $4,786 | A++ | 821 | 0.7 | 4.01 |
| Nationwide | $4,069 | A+ | 810 | 0.64 | 3.93 |
| Geico | $7,276 | A++ | 797 | 0.91 | 3.54 |
| Progressive | $7,369 | A+ | 807 | 0.65 | 3.42 |
| Allstate | $9,627 | A+ | 783 | 0.65 | 3.07 |
| Farmers | $8,899 | A | 796 | 0.8 | 3.06 |
| Kemper Insurance | $9,223 | A- | 736 | 2.16 | 0.74 |
Best for young adults in Montana
Young drivers must find the right insurance company, as they usually encounter higher premiums due to their perceived risk. According to an analysis by the National Safety Council, drivers aged 20 to 24 were involved in 7,300 fatal crashes in 2022, which accounts for 11.2% of the total number of drivers involved in these incidents.
Companies like Nationwide and State Farm offer competitive rates that are more affordable for younger drivers aged 20-24.
To compile our list of the best car insurance companies for young adults in 2024, we evaluated four factors: average annual full coverage car insurance cost (25%), J.D. Power score (30%), AM Best rating (25%) and NAIC rating (20%). Each factor has been assigned a specific percentage weight to calculate overall performance.
| Company | Annual cost | AM Best | J.D. Power | NAIC | Overall score out of 5 |
|---|---|---|---|---|---|
| Nationwide | $2,289 | A+ | 810 | 0.64 | 3.93 |
| State Farm | $2,881 | A++ | 821 | 0.70 | 3.92 |
| Farmers | $3,646 | A | 796 | 0.80 | 3.36 |
| Progressive | $4,057 | A+ | 807 | 0.65 | 3.34 |
| Geico | $4,375 | A++ | 797 | 0.91 | 3.34 |
| Allstate | $4,724 | A+ | 783 | 0.65 | 3.12 |
| Kemper Insurance | $4,883 | A- | 736 | 2.16 | 0.68 |
Best for adult drivers in Montana
Different age groups have varying needs and priorities when it comes to car insurance. The key considerations for adult drivers aged 25 to 60 are coverage options, better customer service and premium costs.
Nationwide is the best car insurance company in Montana for adult drivers. It offers full coverage insurance at an average cost of $1,396 a year and has an overall rating of 3.93, higher among the companies analyzed.
We have considered four different factors to curate a list of the best car insurance companies for adult drivers. These factors consist of average annual full coverage car insurance cost (25%), J.D. Power score (30%), AM Best rating (25%) and NAIC rating (20%).
Experienced drivers are usually seen as less risky than younger drivers because they have more experience on the road and as a result, they often pay lower insurance premiums.
Find below the list of the best car insurance companies in Montana and their average annual premiums for adult drivers aged 25-60.
| Company | Annual cost | AM Best | J.D. Power | NAIC | Overall score out of 5 |
|---|---|---|---|---|---|
| Nationwide | $1,396 | A+ | 810 | 0.64 | 3.93 |
| State Farm | $1,833 | A++ | 821 | 0.70 | 3.87 |
| Geico | $2,334 | A++ | 797 | 0.91 | 3.51 |
| Progressive | $2,455 | A+ | 807 | 0.65 | 3.33 |
| Allstate | $2,915 | A+ | 783 | 0.65 | 3.07 |
| Farmers | $2,804 | A | 796 | 0.80 | 3.01 |
| Kemper Insurance | $2,719 | A- | 736 | 2.16 | 0.79 |
Best for senior drivers in Montana
Nationwide offers the lowest car insurance premiums at $1,270 a year, making it an affordable choice for senior drivers.
Finding the best car insurance companies for senior drivers requires a detailed analysis of various important factors. The overall score for each insurer is based on a weighted analysis of four different factors: the average annual full-coverage car insurance cost (25%), J.D. Power score (30%), AM Best rating (25%), and NAIC rating (20%). The percentage weight assigned to each factor corresponds to its importance in determining an insurance provider’s financial strength, affordability, customer experience and complaint ratio.
Below are the best auto insurance companies in Montana for senior drivers aged 65-75.
| Company | Monthly cost | AM Best | J.D. Power | NAIC | Overall score out of 5 |
|---|---|---|---|---|---|
| Nationwide | $106 | A+ | 810 | 0.64 | 3.93 |
| State Farm | $145 | A++ | 821 | 0.70 | 3.87 |
| Progressive | $195 | A+ | 807 | 0.65 | 3.37 |
| Geico | $220 | A++ | 797 | 0.91 | 3.32 |
| Allstate | $242 | A+ | 783 | 0.65 | 3.08 |
| Farmers | $244 | A | 796 | 0.80 | 2.94 |
| Kemper Insurance | $193 | A- | 736 | 2.16 | 1.00 |
Learn more about how to shop for car insurance for seniors
Best overall car insurance company in state
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Choosing the right insurance company is largely determined by your driver profile. Here’s how to find the best insurer to suit your specific needs:
For budget-conscious drivers in Montana
Look for companies that offer various car insurance discounts, such as safe driver discounts, multi-policy discounts, or discounts for automatic payments. These can significantly reduce your premiums. Some insurers offer flexible payment plans that can ease the financial burden, such as monthly, quarterly or bi-annual payments.
Find below the list of the best insurance companies and their annual rates for different coverage levels.
| Company | State-minimum | Liability-only | Full coverage |
|---|---|---|---|
| Nationwide | $201 | $351 | $1,394 |
| State Farm | $244 | $390 | $1,858 |
| Geico | $249 | $402 | $2,382 |
| Progressive | $359 | $506 | $2,414 |
| Kemper | $477 | $585 | $2,692 |
| Farmers | $519 | $1,169 | $2,939 |
| Allstate | $611 | $731 | $2,949 |
| USAA | $144 | $181 | $919 |
Notes:
- Full coverage car insurance limit is 100/300/100 with a $500 deductible.
- Liability-only car insurance limit is 50/100/50.
- State minimum car insurance is 25/50/20.
For high-risk drivers in Montana
If you’re a high-risk driver or someone with multiple traffic violations or DUIs on their record, look for insurers that specialize in high-risk policies. Focus on improving your driving record by attending a defensive driving course. These steps can help reduce your rates over time.
High-risk status isn’t forever. Work toward earning a clean driving record, improving your risk profile and comparing insurance quotes to find better rates.
| Company | 6-month cost | Annual cost |
|---|---|---|
| State Farm | $1,477 | $2,953 |
| Progressive | $1,643 | $3,285 |
| Kemper | $1,732 | $3,463 |
| Geico | $1,740 | $3,479 |
| Allstate | $1,965 | $3,930 |
| Farmers | $2,299 | $4,597 |
| USAA | $683 | $1,366 |
By understanding their unique driver profiles and conducting thorough research, high-risk drivers can find insurance companies that best meet their needs.
In conversation with experts
CarInsurance.com editors interviewed James Brau, Joel C. Peterson, professor of finance at Brigham Young University. See his responses below.
How important is customer service when deciding the right car insurance company?
Customer service is critical – it should be one of the top factors consumers consider. All else equal, meaning similar premiums, coverage, riders, etc., customer service is often the deciding factor. If a customer gets to speak to a cheerful human without 10 minutes of robot phone trees, especially when stressed out after a wreck or theft, it makes life a lot better.
What are the key factors that consumers should consider when selecting a car insurance company in their state?
Customers should do research pertaining to coverage, premiums, reputation, how many stars on reviews, etc. Make sure to compare apples to apples – that you’re getting the same coverage amounts, for example. Shop around – competition helps the consumer.
How often should policyholders review and adjust their car insurance policies?
Every six months is a good rule of thumb because most people pay in semi-annual installments. If you keep your company on its toes, they are more likely to stay competitive and offer special pricing, deals, incentives, etc.
Frequently asked questions
What is the average cost of car insurance in Montana?
The average cost of car insurance in Montana is $2,193 per year. This rate can vary based on factors such as the driver’s age, driving history and coverage limit.
How much car insurance coverage do I need in Montana?
When determining how much car insurance you need in Montana, it’s important to consider the legal requirements. The minimum coverage required in Montana typically includes $25,000 in bodily injury per person, $50,000 in bodily injury per accident and $20,000 in property damage liability.
Beyond Montana’s-required minimums, you should consider purchasing higher liability limits if you have significant assets to protect. Experts recommend that you purchase full coverage car insurance with limits of 100/300/100 with a $500 collision/comprehensive deductible.
This means:
- $100,000 in bodily injury liability per person. This coverage pays for injuries that you, as the policyholder, cause to one person in an accident.
- $300,000 in bodily injury liability per accident: This is the total amount that your insurance will cover for injuries per accident, covering costs if multiple people are injured.
- $100,000 in property damage liability per accident: This covers damage that you cause to another person’s property in an accident.
These higher limits are recommended because they provide more comprehensive protection against financial losses. It’s also wise to consider factors such as your driving habits, vehicle value and financial situation when choosing coverage limits.
Which company has the cheapest car insurance rates in Montana?
Based on CarInsurance.com’s data analysis, Nationwide offers the cheapest car insurance for Montana drivers at $116 a month or $1,394 a year.
Resources & Methodology
Sources
- Insurance Institute for Highway Safety. “Fatality Facts 2022 Teenagers.” Accessed September 2024.
- Centers for Disease Control and Prevention. “Risk Factors for Teen Drivers.” Accessed September 2024.
- National Safety Council. “Age of Driver.” Accessed September 2024.
Methodology
CarInsurance.com collected insurance rate data from Quadrant Information Services for Montana drivers. The rate data is for drivers of different age groups:
- Teens: Age 16-19
- Young adults: Age 20-24
- Adults: 25- 60
- Seniors: 60-75
The different coverage levels include:
- Annual full coverage car insurance with a coverage limit of $100,000 in bodily injury per person, $300,000 in bodily injury coverage per accident, $100,000 in property damage coverage per accident and a $500 collision/comprehensive deductible.
- A six-month car insurance policy with limits of 100/300/100-500 coll/comp deductible.
- Liability-only car insurance rates with a limit of 50/100/50.
- State minimum coverage limit of 25/50/20.
Car insurance rates are calculated by evaluating the sample profile of a 40-year-old male and female driver with the following incidents applied:
- 1 at-fault property damage accident over $2K
- 1 at-fault property damage accident under $2K
- At-fault bodily injury accident
- Poor credit
- DUI/DWI first offense
- Speeding 30+ over limit
- Speeding ticket 1-10 mph over limit
- Speeding ticket 11-29 mph over limit
The editors created a rating system to determine the best insurance companies in each sector. For auto insurers, we took the following and gave each a weight.
- Average annual cost: 25%
- J.D. Power score: 30%
- AM Best rating: 25%
Each insurer was awarded an overall rating of 0.5 to 5. No insurer in our overall rating received less than 1 rating and 5 was the most any insurer could receive.
To evaluate the rates, we have compared 51,088,003 insurance quotes from 167 national & regional insurance companies across 29,152 cities and 34,588 ZIP codes.
Note: USAA is only available to military community members and their families.
Ask the Insurance Expert
Laura Longero
Executive Editor
Laura Longero is an insurance expert and Executive Editor at CarInsurance.com, where she specializes in helping consumers navigate the complexities of the financial and insurance industries. She has 15 years of experience educating people about finance and car insurance. Prior to joining CarInsurance.com, she worked as a reporter and editor at the USA Today Network. Her expertise provides readers with practical guidance, helping them make informed choices about their financial and insurance needs.
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John McCormick
Editorial Director
John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.
Ask the Insurance Expert
Leslie Kasperowicz
Executive Editor
Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at CarInsurance.com.
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Nupur Gambhir
Managing Editor
Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.