Average homeowners insurance cost in Missoula, MT

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In Missoula, homeowners pay an average annual rate of $2,816 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $234 more than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Missoula depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Missoula, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Missoula.

Key takeaways

The average cost of homeowners insurance in Missoula is $2,816 per year.
Nationwide is the cheapest homeowners insurance company in Missoula with an average annual premium of $1,258.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $640 more a year for home insurance.

Average homeowners insurance cost in Missoula per month

Missoula homeowners pay an average of $235 a month, based on our rate analysis. It’s $37 less than the state average of $272 and $20 more than the national average for home insurance across the United States. The price of your homeowners insurance policy in Missoula may vary depending on where you live, the value of your home, and the coverage you choose.

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

The average cost of homeowners insurance in Missoula, MT is $2,176 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

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

Based on a rate analysis conducted by Insure.com, Missoula residents pay an average of $2,816 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $640 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Missoula by Company

Among the carriers analyzed, Nationwide is the cheapest homeowners insurance company in Missoula. It’s average annual rate for Missoula homeowners is $1,258. Chubb Ltd ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $1,679.

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 Missoula and prepared a list of the cheapest home insurance providers. You can find below the Missoula home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Nationwide	$1,258
Chubb Ltd	$1,504
State Farm	$1,679
Allstate	$2,143
Farmers	$2,684
Travelers	$6,737
USAA*	$3,395

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Missoula 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.