Montana Auto Insurance Minimum Coverage Limits, Average Annual Costs

When you are looking for a solid Montana auto insurance company, you need to be aware that this is a tort state. Each driver is considered financially responsible for the damages that they cause in an accident. When stopped by a police officer, drivers in this state are required to produce proof of car insurance coverage.

Under state law, drivers in Montana are required to carry liability insurance on their vehicles. They must have at least $25,000 in bodily injury liability insurance to pay for medical and other expenses incurred by an individual injured in an accident by the at fault driver. A minimum of $50,000 in coverage pays out for all people injured in the same accident. Along with the bodily injury coverage, drivers in Montana must have $10,000 in property damage insurance in place. This type of insurance pays for damage to personal property. In this case, personal property is the other driver's car, as well as signs, fences, buildings, and sheds.

The average cost of Montana auto insurance premiums in 2004 were $683.18. At that time, 36 states had higher average premium rates than Montana. The 2004 figures represented a slight increase from the average cost of insurance coverage in 2003, which was $674.65. In 2009, Montana boasts a 4.8% reduction in premiums over last year and an average annual premium of $1,575. This sure is higher than it was in 2004, yet still one of the lowest rates in the nation.

Relatively low population density is the reason Montana residents can get better prices for their car insurance. People living in urban areas or states that have a higher population density are more likely to be involved in an accident. As a result, they are charged more for their car insurance coverage.

If you want to avoid paying more than you have to for your car insurance coverage in Montana then you have a few options available to you. The first thing you can do is shop around for the best rates. A couple of months before your insurance policy is due to expire, start getting quotes from other companies to see if you can get a better price for your coverage if you switch.

Increasing your deductible will get you better pricing on your Montana auto insurance rates. When you agree to take on a larger portion of your repair costs, you present a lower risk to the insurance company. You will need to consider your deductible level carefully to ensure that you are considering a level that you feel comfortable with, since you will need to pay the deductible before the insurance company will pay out on a loss.

Buying your car insurance from the same company that holds your homeowners policy will also qualify you for a discount on your coverage. Be sure to ask your Montana auto insurance company whether you are entitled to a discount for low annual mileage, installing an anti-theft device, or taking a defensive driving course.

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Minimum coverage limits for your Montana auto insurance policy are set at $25,000/$50,000/$10,000.

Piggyback your Montana auto insurance policy on your homeowner's policy to experience significant savings.

Check additional valuable information of your State Insurance department organization.
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