The Best Cheap Renters Insurance in Montana (2025)
State Farm has the best and cheapest renters insurance in Montana at $9 per month for $30,000 of personal property coverage.
Compare Renters Insurance Quotes in Montana
Best Cheap Renters Insurance in MT
We picked the best renters insurance companies in Montana by comparing their cost, customer service, extra coverage options and discounts.
Rates are for a policy with $30,000 of property coverage using quotes from 20 of Montana's largest cities. See the full methodology.
Cheapest renters insurance in Montana
State Farm has the cheapest renters insurance in Montana, at an average of $9 per month or $104 per year.
State Farm renters insurance is nearly half the price of the Montana state average, making it the best deal for most people.
Compare Cheap Renters Insurance Quotes in Montana
Amica and Farmers also have cheap renters insurance in Montana, with average rates between $14 and $15 per month. That's slightly cheaper than the average cost of renters insurance in Montana, which is $16 per month.
Cheapest renters insurance companies in Montana
Company | Monthly cost | ||
|---|---|---|---|
| State Farm | $9 | |
| Amica | $14 | |
| Farmers | $15 | |
| Allstate | $18 | |
| Progressive | $18 | |
Cheapest and best overall renters insurance: State Farm
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Editor's rating
- Cost: $9/mo
State Farm is the best renters insurance in Montana because it’s cheap and has good customer service.
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Good customer satisfaction
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Customizable coverage
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Cheap bundle of renters and auto insurance
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Usually need to work with an agent
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Few discounts
State Farm has the cheapest renters insurance in Montana at an average of $9 per month for $30,000 of personal property coverage. That's considerably cheaper than the Montana average.
State Farm has a good customer service reputation and is ranked in the top four renters insurance companies in J.D. Power's survey on customer satisfaction. This can mean it's easier to deal with your insurance if you do have to file a claim.
State Farm is also a good deal if you want the convenience of bundling renters insurance with your car insurance. It has the cheapest car insurance in Montana, and you'll get a discount for having both policies with State Farm.
You can also add on extra coverage for your rental.
- Water backup
- Replacement cost
- Jewelry and valuables
- Extra liability coverage
- Identity theft
- Earthquake coverage
- Flood insurance
One downside of State Farm is that you usually can't buy a policy entirely online. You'll have to work with a local State Farm agent.
State Farm also has fewer discounts than other companies, so you won't have as many ways to save, beyond the company's already low rates.
Best customer service: Amica
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Editor's rating
- Cost: $14/mo
Amica has excellent customer service ratings, making it a great choice for renters insurance with fewer hassles.
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Few customer complaints
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Low rates
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Many discounts available
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Fewer coverage options
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Not usually the best for bundling with car insurance
Amica stands out for its great customer service. In Montana, Amica gets about two-thirds fewer complaints than average. This means that it could be less stressful if you do have to call your insurance, and you could have an easier experience if you have to file a claim.
Amica's renters insurance rates are cheaper than average in Montana, at $14 per month. That's not as cheap as State Farm, but Amica's discounts can help make policies affordable.
How to get Amica renters insurance discounts
- No claims in the past three years
- Loyalty discount if you've had an insurance company for at least two years
- Going paperless for bills and policy information
- Paying by automatic deduction
- Bundling discount of 15% if you also get car insurance
One downside is Amica isn't one of the best car insurance companies in Montana. So with Amica, you might not get the cheapest rates by bundling renters and auto insurance.
Amica also has somewhat basic options for customizing your coverage. For example, you can't get extended liability coverage. You also can't add on earthquake coverage, making it a bad choice if you live in the western part of Montana where there is a higher risk of earthquakes.
Best renters insurance for discounts: Farmers
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Editor's rating
- Cost: $15/mo
Farmers Insurance has a great set of discounts that can help you lower the cost of renters insurance.
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Many ways to save on renters insurance
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Good customer satisfaction
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Basic set of coverage extras
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Very expensive to bundle with auto insurance
Farmers Insurance stands out for its many discounts that can help you lower the cost of renters insurance.
On average, renters insurance from Farmers costs $15 per month in Montana, which is slightly cheaper than the statewide average of $16 per month. You can lower your rates with discounts for:
- Going paperless
- Not having a late payment in the past 12 months
- Not having recent insurance claims
- Having a home security system
- Being a nonsmoker
- Switching to Farmers
- Bundling with another type of insurance
Farmers Insurance also has good customer satisfaction, so it could be easier to manage your policy or use your insurance. Farmers receives about a third fewer complaints than average. And according to a survey of renters insurance customers by J.D. Power, Farmers is slightly above average for customer satisfaction.
The downside is that Farmers car insurance is expensive in Montana, costing an average of $340 per month. That means if you get Farmers renters insurance, you usually won't have the convenience of having the same company for your car insurance.
A renters insurance policy from Farmers also has fewer coverage extras available. For example, you can't add on coverage for plumbing backups or extended liability.
Montana renters insurance costs by city
Laurel, MT, has the most expensive rates among the state's larger cities, with an average of $23 per month in the Billings suburb.
Anaconda, Kalispell, Livingston and Polson have some of the state's cheaper rates, at $15 per month.
City | Monthly rate | % from average |
|---|---|---|
| Anaconda | $15 | -5% |
| Belgrade | $16 | -2% |
| Bigfork | $16 | 2% |
| Billings | $17 | 6% |
| Bozeman | $16 | -2% |
Where you live is one of the biggest factors in how much you'll pay for renters insurance. Areas that are likely to see major disasters, like floods or fires, may have more expensive renters insurance rates. Areas with low crime rates might have cheaper prices.
How to get the best renters insurance in Montana
Shopping around and looking for discounts are the best ways to get a good renters insurance policy for a low rate.
- Shop around to compare rates: Each insurance company uses a different method for setting its rates. For example, one company might place more importance on your credit score and another company might look at your claims history. Getting renters insurance quotes from multiple companies is the best way to find low rates for your situation.
- Get discounts: You could save on your renters insurance in simple ways such as paying your bill on time or signing up for paperless billing. Make sure you sign up for as many discounts as you're eligible for so that you're not paying more for insurance than you need to.
Common renters insurance risks in Montana
Wildfires: Renters insurance usually covers fire and smoke unless your policy specifically excludes it. Wildfires can be a common threat in Montana, causing thousands of acres to burn each year, which can be worsened by the state's severe droughts.
Winter freezes: Renters insurance policies cover damage from winter storms, snow, ice, wind, hail and falling objects. The cold and snowy winters of Montana could cause damage to your rental if your pipes freeze or if an icy tree falls on your home.
Earthquakes: If you live in one of the areas of western Montana that are at risk of earthquakes, you may want to add on coverage for earthquakes to your renters insurance policy. Earthquakes could cause damage to your belongings, such as if your electronics and housewares fall and break.
Montana renters insurance trends
Renters insurance prices have gone up 14.8% in Montana over the last six years.
Montana renters insurance rates went up between 3.5% to 62.7%, depending on the company, over the last six years.
Renters insurance prices, on average, decreased by 1.1% in 2022, but then increased by 12.9% across 2023 and 2024.
Among the major MT insurers, the biggest increases have been at USAA (62.7%), Nationwide (42.3%) and Farmers Union Mutual (20.9%).
Renters insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Frequently asked questions
How much is renters insurance in Montana?
The average cost of renters insurance in Montana is $16 per month. Renters can find the cheapest rates in Montana with State Farm, which costs an average of $9 per month.
Is renters insurance required in Montana?
Renters insurance is not required by law in Montana, but your landlord might require you to get renters insurance.
How much is renters insurance in Billings, MT?
Renters insurance in Billings costs an average of $17 per month or $202 per year. That's 6% more expensive than the Montana state average. People living in Missoula pay $16 per month for the same coverage, in comparison.
Methodology
To find the best renters insurance prices in Montana, ValuePenguin experts collected quotes from six major companies across 20 of the largest cities in the state.
Quotes are for an unmarried 30-year-old woman with no claim history. Coverage limits include:
- $30,000 of personal property coverage
- $9,000 loss of use coverage
- $500 deductible
- $100,000 of personal liability
- $1,000 of medical payments to guests
These rates should be used for comparative purposes only. Your quotes may differ.
Editor ratings are based on affordability, complaint data from the National Association of Insurance Commissioners (NAIC), customer satisfaction ratings from J.D. Power's 2023 survey, and coverage options.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.