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According to data from Insure.com, the average annual cost of car insurance in Billings, Montana is $2,157. The auto insurance rates in Billings is $36 less than the state average and $262 more than the national average.

Graph
Table
City average ratesState average ratesNational average cost
$2,157$2,193$1,895

Car insurance premiums vary significantly based on where they are filed. Factors such as city demographics, population density and average resident age, accident rates, theft, and vandalism rates will influence the amount of premiums you pay.

This article talks in detail about the most affordable car insurance companies in Billings, the average car insurance rates by age and gender, and how much car insurance cost in Billings depending on coverage limits. Whether you’re a new driver or an experienced one, this article will help you to find the most affordable car insurance in Billings. Keep reading to learn more.

Key Takeaways

  • Car insurance in Billings, Montana costs $2,157 per year.
  • At $1,318 per year, Nationwide offers the cheapest car insurance in Billings.
  • Car insurance for young adults in Billings costs $3,512 per year.

Cheap car insurance companies in Billings

Nationwide provides the best value for car insurance in Billings with coverage limits of 100/300/100, costing $1,318 annually.

A close second is State Farm, which offers car insurance at $1,738 per year.

Affordable car insurance providers in Billings

Graph
Table
Company NameAverage annual costAverage monthly cost
Nationwide$1,318$110
State Farm$1,738$145
Geico$2,220$185
Progressive$2,336$195
Kemper$2,658$221
Farmers$3,003$250
Allstate$3,057$255
USAA$925$77

Read about the best car insurance companies.

Average car insurance cost in Billings by coverage limits

In Billings, the average car insurance rates the coverage levels are as follows:

  • State minimum coverage: $433 per year (limits are 25/50/25)
  • Liability only coverage: $637 per year (limits are 50/100/50)
  • Full coverage: $2,157 per year (limits are 100/300/100)
  • Non-owners coverage: $372 per year

In most states, drivers are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in Billings

In Billings, Montana, the average annual car insurance premium for female drivers is $2,171 per year.

While the average annual cost for male drivers is $2,143 per year, which is $28 less than what female drivers pay, according to a rate analysis by Insure.com.

According to the Insurance Information Institute, statistics demonstrate that women are generally regarded as safer drivers than men. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Billings

In Billings, car insurance rates are highest for teens, averaging $6,937 per year or $578 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $3,512 annually for their car insurance, which is $3,425 less than what teens pay for their coverage.

In Billings, adult drivers pay an average of $2,142 per year for car insurance, while senior drivers pay $2,161 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

The table below lists the average annual rates for drivers of different age groups:

Car insurance rates by age groups in Billings

Graph
Table
Teens (16- to 19-year-olds)Young adults (20- to 24-year-olds)Adults (25- to 55-year-olds)Seniors (60- to 75-year-olds)
$6,937$3,512$2,142$2,161

Examining the trends in car insurance rates in Billings, Montana, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 30% or $501.

The table below illustrates the trend over the three years:

How car insurance rates are changing in Billings

Graph
Table
2016 rates2019 rates2022 rates2023 rates
$1,154$1,886$1,656$2,157

Conclusion

In conclusion, the insurance rates in Billings, are lower than the average insurance cost in Montana. Shopping around and taking advantage of available discounts, drivers in Billings can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

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Prachi Singh
Contributing Researcher

 
  

Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.

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