Montana Renters Insurance

Average Renters Insurance Cost in Montana

Renters in Montana pay an estimated $189 per year ($16/month) for a standard policy, based on 2026 industry average data.

Renters Insurance Rates by City in Montana

What Makes Montana Renters Insurance Unique

Montana's wildfire risk has pushed premiums up faster than most Mountain West states in recent years, with resort towns like Bozeman seeing some of the steepest increases.

Risk Factors Specific to Montana

Underwriters in Montana weigh wildfire, smoke damage, and evacuation-related loss more heavily than in lower-risk states when pricing renters policies.

Renters Insurance Compared With Rent in Montana

The median gross rent in Montana was $1,177 a month in 2024 (U.S. Census Bureau, American Community Survey), 21% below the national median of $1,487. Against that, our estimated renters premium of $189 a year — about $16 a month — equals roughly 16% of one month’s rent for a full year of coverage, one of the ten highest share among the 50 states in our estimates.

The Coverage Detail That Matters Most in Montana

In Montana, the wildfire question for renters is usually about displacement rather than the building itself. Additional living expenses coverage pays for temporary housing if a covered fire makes your unit unlivable, and many policies also pay for a limited period when a civil authority bars access. Smoke damage to belongings is generally covered as part of fire. Check the limit on additional living expenses — in high-rent areas, a short displacement can exhaust a low limit.

Frequently Asked Questions

How much is renters insurance compared with rent in Montana?

With a median rent of $1,177 a month (2024) and an estimated premium of $189 a year, a full year of renters insurance in Montana costs roughly 16% of one month's rent.

*No U.S. state legally mandates renters insurance, though individual landlords may require it as a lease condition. The information on this page is provided for general informational purposes only and reflects estimated industry averages as of 2026. Insurance rates change periodically; always verify current pricing with a licensed insurance professional. City-level and statewide premiums shown are approximations — individual rates will vary based on personal factors.