Average homeowners insurance cost in Billings, MT

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In Billings, homeowners pay an average annual rate of $3,428 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $846 more than the national average of $2,582.

Homeowners insurance premiums can vary significantly from one property to another. In Billings, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Billings, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Billings.

Key takeaways

Homeowners insurance costs $3,428 per year in Billings.
At $1,683 per year, Chubb Ltd offers the cheapest homeowners insurance in Billings.
Your home insurance rates increase by $863 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in Billings per month

Residents of Billings pay an average of $286 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $14 more than the state average of $272 and $71 more than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Billings may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Billings

In Billings, MT, homeowners pay an average of $2,565 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Billings

As per rate analysis by Insure.com, homeowners residing in Billings typically pay an average of $3,428 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $863 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Billings by Company

Among the carriers analyzed, Chubb Ltd is the cheapest homeowners insurance company in Billings. It’s average annual rate for Billings homeowners is $1,683. State Farm ranks second and Nationwide makes it to the third spot with an average annual home insurance rate of $3,338.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Billings and prepared a list of the cheapest home insurance providers. You can find below the Billings home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Chubb Ltd	$1,683
State Farm	$2,635
Nationwide	$3,338
Allstate	$3,860
Farmers	$4,323
USAA*	$3,181

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Billings for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.