Montana Insurance Requirements & Rates

Montana requires minimum liability coverage of 25/50/20 (bodily injury per person / per accident / property damage). Montana is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is not required but recommended.

Montana homeowners face risks from wildfires, flooding, severe thunderstorms, earthquakes. The flood risk level is moderate and earthquake risk is moderate. Standard deductibles apply. The average annual home insurance premium is $3,411.

Montana requires riders under 18 to wear helmets. Lane splitting is not legal. Eye protection is required for all riders. The riding season is may–september.

Yes, workers' compensation insurance is required in Montana. Sole proprietors and partners may opt out. Montana has approximately 130,000 small businesses, with top industries including Agriculture & Ranching, Tourism, Mining.

Yes, Montana has expanded Medicaid. The state uses the federal marketplace at healthcare.gov. The uninsured rate is 9%.

Yes, landlords in Montana can require tenants to carry renters insurance as a condition of the lease. About 32% of Montana residents are renters, with average monthly rent of $975.

With a median household income of $60,560, most Montana families should consider 10-12x their annual income in life insurance coverage. Currently, 50% of Montana households have life insurance.