Average car insurance cost in Missoula, MT

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The average car insurance cost in Missoula, Montana is $1,908 per year, according to Insure.com data analysis. Also, the car insurance rates in Missoula is $285 less than the average rates in Montana and $13 more than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Missoula, the average car insurance rates categorized by age and gender, and the cost of car insurance in Missoula based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Missoula. Read on to learn more.

Cheap car insurance companies in Missoula

At an average of $1,067 per year with full coverage limits of 100/300/100, Nationwide provides the most affordable car insurance in Missoula.

Ranked as the second most affordable company in Missoula, State Farm provides car insurance at $1,666 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Missoula that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Missoula, Montana:

Read about the best car insurance companies.

Average car insurance cost in Missoula by coverage limits

The average car insurance rates in Missoula by coverage type are as follows:

• State minimum coverage: $399 per year (limits of 25/50/25)
• Liability-only coverage: $604 per year (limits of 50/100/50)
• Full coverage: $1,908 per year (limits of 100/300/100)
• Non-owners coverage: $337 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Missoula

The average car insurance per year for female drivers in Missoula, Montana, is $1,925.

Whereas the yearly average car insurance rate for male drivers is $1,892, which is $33 less than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Missoula

In Missoula, car insurance rates are the highest for teens, at $6,174 per year or $514 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.

Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $3,081 per year for their car insurance which is $3,093 less than what the teens pay for their insurance policy.

The car insurance rates in Missoula for adult and senior drivers are $1,893 and $1,931 per year respectively.

The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

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

Car insurance rate trends in Missoula

Examining car insurance rate trends in Missoula, Montana, we observe a upward trend from 2022 to 2023. Subsequently, from 2022 to 2023, the rates experienced increase overall, with an increase of 28% or $422.

The table below shows the trend for last four years:

Conclusion

Car insurance rates in Missoula are lower than the average rates in Montana. Drivers in Missoula can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

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.

Prachi Singh

Contributing Researcher

 

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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.