Issuu on Google+

M ONTANA

Homeowners, Condominium and Renters Insurance

2014 R ATE C OMPARISON G UIDE

Dear Montana Consumer: I am pleased to provide you with the Montana

2014 Homeowners, Condominium and Renters Insurance Rate Comparison Guide. One of my goals as Commissioner of Securities and Insurance is to help you to be an informed buyer. I believe in order to maintain a healthy, competitive marketplace, it is critically important to provide consumers with the tools they need to compare insurance rates.

Monica J. Lindeen

This guide gives you a general idea of rates available in Montana. For specific

information, you must contact the individual insurance companies. Comparison shopping takes time, but can save you money. I encourage you to put this guide to work for you. Shop carefully, and contact my office if you have any questions or need additional assistance. Knowledgeable staff is available to assist you with a wide range of insurance issues. Please call the consumer hotline at 1-800-332-6148; the number in Helena is 444-2040. You will also find more useful information on our web site at www.csi.mt.gov. Sincerely,

Monica J. Lindeen Commissioner of Securities & Insurance Montana State Auditor

About this guide This guide compares how much Montana homeowners, condominium owners and renters might pay for insurance coverage in nine different geographic areas: Billings, Bozeman, Butte, Glendive, Great Falls, Helena, Kalispell, Missoula and Scobey. For each area, an annual premium (cost) is calculated for in-city and rural residences. The rural premiums are based on a fire protection class code of 9, which is outside of the city limits. Ten companies that sell the most homeowners insurance in Montana chose to participate in our survey. If you find any terms, phrases or concepts confusing, we encourage you to read the Montana Consumer Guide to Homeowners Insurance available at www.csi.mt.gov/consumers or by calling 1-800-332-6148.

How to use this guide The premium quotes from the insurance companies listed in this guide are:      

 

Based on the amount you pay every year, in which the full amount has been paid when your coverage begins. Based on three years of previous coverage. Based on owner-occupied dwellings, with the exception of example. Based on dwellings with no plumbing, wiring, or heating/cooling updates, with the exception of example 5. Based on structures of frame construction. Generally, companies offer discounts for masonry or fire-resistant structures. Based on rates in effect as of January 1, 2014. If a company’s rates have changed since then, these quotes may no longer be accurate; (Please keep in mind the premiums quoted are only examples. Your individual situation may include factors that will be reflected in the premiums quoted to you.) Based on the assumption that previous insurance exists and that this is for new business, not a renewal. Based on the coverage explained in each example. For instance, flood and earthquake coverage are not included.

Coverage The examples in this guide contain the companies’ specific coverage for the following policy types:

HO3/H05 Standard homeowner policy that insures contents and structure for hazards that are named in the policy; also provides medical and liability coverage.

HO4 Standard renter policy that covers contents only and also provides some medical and liability coverage.

HO6 Standard condominium unit owner’s policy that covers contents, inner walls, medical, and liability coverage.

Insurers Not every insurer will offer you coverage. Each insurer has requirements which you must meet in order to become insured.

Need More Help? Professional consumer advocates are available to assist you on a wide range of insurance issues.

Call the CSI Insurance Hotline

1-800-332-6148

www.csi.mt.gov

Nine different insurance scenarios are outlined below. Find the example that best matches your situation. Then refer to the corresponding chart on the following pages and find your geographic region. Please note: The plans included in this guide are examples only.

Example 1 These premiums apply to a single family, wellmaintained home, without a wood stove. This 30-year-old home has a replacement cost of $225,000 and the owners want to purchase insurance for that amount. The owners have a Labrador retriever. There have been no claims in the last three years and the owners replaced the composite roof last year. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy. ďƒ˜ If example 1 most closely matches your insurance situation, refer to example 1 chart for sample rate quotes.

Example 2 These premiums apply to a single family, wellmaintained home, without a wood stove. This 30-year-old home has a replacement cost of $160,000 and the owners want to purchase insurance for that amount. The owners have a Labrador retriever. One year ago the composite roof was damaged due to a hailstorm and it was replaced by the carrier at a cost of $8,000. There have been no other claims in the last three years.

Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy. ďƒ˜ If example 2 most closely matches your insurance situation, refer to example 2 chart for sample rate quotes.

Example 3 These premiums apply to a single family, wellmaintained home, with a wood stove. This 5year-old home has a replacement cost of $275,000 and the owners want to purchase insurance for that amount. The owners have a miniature poodle. There have been no claims in the last three years and the original composite roof is in excellent shape. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy. ďƒ˜ If example 3 most closely matches your insurance situation, refer to example 3 chart for sample rate quotes.

Example 4 These premiums apply to a single family, wellmaintained home, without a wood stove. This 50-year-old home has a replacement cost of $350,000 and the owners want to purchase $150,000 of coverage. There have been no claims in the last three years. The original plumbing, wiring, and heating/cooling have not been replaced and the composite roof is ten years old. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy. ďƒ˜ If example 4 most closely matches your insurance situation, refer to example 4 chart for sample rate quotes.

Example 5 These premiums apply to a single family, wellmaintained home, without a wood stove. This 50year-old home has a replacement cost of $350,000 and the owners want to purchase insurance for that amount. There have been no claims in the last three years. The plumbing, wiring, and heating/cooling were updated two years ago, and the composite roof is two years old.

Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy. ďƒ˜ If example 5 most closely matches your insurance situation, refer to example 5 chart for sample rate quotes.

Example 6 These premiums apply to a well-maintained condominium in a 10 unit complex built in 2000 without wood stoves. The contents are valued at $80,000. There have been no claims in the last three years. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person. Coverage is on a replacement cost basis; all other coverage is rated according to an HO6 or comparable policy. Coverage for the structure and any improvements is not included. ďƒ˜ If example 6 most closely matches your insurance situation, refer to example 6 chart for sample rate quotes.

Example 7

Example 9

These premiums apply to a renter in a 2-story apartment complex with 15 units built in 1990 without wood stoves. The contents are valued at $50,000. There have been no claims in the last three years.

These premiums apply to a single family, wellmaintained home, without a wood stove. This new home has a replacement cost of $325,000 and the owners want to purchase insurance for that amount. Six months ago the original home was destroyed by fire and rebuilt.

Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person. Coverage is on a replacement cost basis; all other coverage is rated according to an HO4 or comparable policy. ďƒ˜ If example 7 most closely matches your insurance situation, refer to example 7 chart for sample rate quotes.

Example 8 These premiums apply to a single family who owns an $180,000 modular home, purchased for that amount, with no wood stove. The home is 3 years old and is on a permanent foundation. The original composite roof is in good condition. There have been no claims in the last three years.

Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy. ďƒ˜ If example 9 most closely matches your insurance situation, refer to example 9 chart for sample rate quotes.

Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy. ďƒ˜ If example 8 most closely matches your insurance situation, refer to example 8 chart for sample rate quotes.

The following pages outline the rate quotes from insurers who chose to respond to our survey. The quotes correspond to each example illustrated for nine geographic regions in Montana.

EXAMPLE 1 These premiums apply to a single family, well-maintained home, without a wood stove. This 30-year-old home has a replacement cost of $225,000 and the owners want to purchase insurance for that amount. The owners have a Labrador retriever. There have been no claims in the last three years and the owners replaced the composite roof last year. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy. Great Billings

Bozeman

Butte

Glendive

Falls

Helena

Kalispell

Missoula

Scobey

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

Allstate Vehicle & Property Ins. Co.

1224

1725

1221

1645

1148

1563

1264

1555

1261

1636

1050

1401

971

1344

1012

1462

1264

1555

Depositors Insurance Co.

1499

2362

854

1135

993

1304

1804

2690

1140

1644

1018

1391

776

1178

867

1325

1515

2246

Farmers Insurance Exchange

1160

1482

1024

1327

1056

1353

1486

1786

1224

1603

1062

1368

1049

1446

930

1205

1465

1820

Mountain West Farm Bureau Ins. Co.

1437

1839

838

1073

905

1158

1564

1907

1077

1379

891

1141

732

936

718

919

1453

1771

Safeco Insurance Co. of America

1561

2888

968

1791

861

1592

1968

3642

1313

2428

1218

2255

786

1455

944

1746

1968

3642

State Farm Fire and Casualty Co.

2625

2625

1314

1314

1595

1595

3391

3391

1790

1790

1664

1664

1755

1755

1556

1556

2625

2625

Travelers Home & Marine Ins. Co.

1092

1482

587

813

841

1167

1643

2139

904

1229

942

1337

587

793

645

929

1351

1762

Trinity Universal Insurance Co.

1077

1344

813

1007

826

1022

1617

1933

976

1215

1049

1306

886

1099

897

1113

1617

1993

United Services Auto Association

1047

1144

1122

1198

1097

1198

1068

1144

1085

1172

1097

1198

1122

1198

1122

1198

1068

1144

USAA Casualty Insurance Co.

1139

1237

1191

1269

1166

1269

1160

1237

1156

1245

1166

1269

1191

1269

1191

1269

1160

1237

Please note: The above premium rates reflect surveys completed by the insurers and only those insurers who chose to respond to the survey are included.

2014 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance

EXAMPLE 2 These premiums apply to a single family, well-maintained home, without a wood stove. This 30-year-old home has a replacement cost of $160,000 and the owners want to purchase insurance for that amount. The owners have a Labrador retriever. One year ago the composite roof was damaged due to a hailstorm and it was replaced by the carrier at a cost of $8,000. There have been no other claims in the last three years. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy. Great Billings

Bozeman

Butte

Glendive

Falls

Helena

Kalispell

Missoula

Scobey

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

Allstate Vehicle & Property Ins. Co.

1105

1549

1082

1454

1029

1394

1120

1378

1113

1445

949

1259

892

1223

925

1323

1120

1378

Depositors Insurance Co.

1256

1983

745

988

849

1113

1501

2255

982

1418

881

1207

704

1073

791

1217

1265

1887

Farmers Insurance Exchange

1084

1404

970

1271

1033

1328

1399

1698

1197

1573

1018

1321

1026

1420

905

1177

1433

1785

Mountain West Farm Bureau Ins. Co.

1059

1355

618

790

667

853

1153

1405

794

1016

657

841

539

690

529

678

1070

1305

Safeco Insurance Co. of America

1275

2358

790

1462

702

1299

1606

2972

1071

1981

996

1842

642

1188

770

1424

1606

2972

State Farm Fire and Casualty Co.

2118

2118

1059

1059

1287

1287

2737

2737

1444

1444

1343

1343

1417

1417

1256

1256

2118

2118

Travelers Home & Marine Ins.Co.

967

1319

530

734

744

1032

1437

1877

820

1120

840

1194

536

726

587

846

1195

1570

Trinity Universal Insurance Co.

1084

1352

819

1014

830

1027

1628

2007

983

1222

1056

1315

891

1106

902

1120

1628

2007

United Services Auto Association

1004

1098

1082

1157

1059

1157

1024

1098

1046

1131

1059

1157

1082

1157

1082

1157

1024

1098

USAA Casualty Insurance Co.

1091

1186

1149

1224

1125

1224

1111

1186

1114

1200

1125

1224

1149

1224

1149

1224

1111

1186

Please note: The above premium rates reflect surveys completed by the insurers and only those insurers who chose to respond to the survey are included.

2014 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance

EXAMPLE 3 These premiums apply to a single family, well-maintained home, with a wood stove. This 5-year-old home has a replacement cost of $275,000 and the owners want to purchase insurance for that amount. The owners have a miniature poodle. There have been no claims in the last three years and the original composite roof is in excellent shape. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy Great Billings

Bozeman

Butte

Glendive

Falls

Helena

Kalispell

Missoula

Scobey

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

Allstate Vehicle & Property Ins. Co.

1133

1383

1393

1641

1101

1336

1394

1546

1358

1549

995

1174

847

1043

818

1047

1394

1547

Depositors Insurance Co.

1242

1929

723

945

836

1085

1483

2191

958

1358

852

1150

651

969

724

1086

1249

1832

Farmers Insurance Exchange

1094

1285

958

1141

930

1109

1395

1575

1051

1275

958

1142

865

1100

835

1001

1236

1448

Mountain West Farm Bureau Ins. Co.

1399

1744

841

1060

903

1139

1518

1837

1064

1346

891

1123

742

933

730

917

1414

1711

Safeco Insurance Co. of America

1782

3297

1106

2047

982

1816

2246

4154

1498

2772

1390

2572

898

1661

1074

1987

2246

4154

State Farm Fire and Casualty Co.

2329

2329

1165

1165

1416

1416

3010

3010

1590

1590

1476

1476

1557

1557

1381

1381

2329

2329

Travelers Home & Marine Ins.Co.

1125

1442

554

738

886

1210

1812

2298

840

1086

916

1256

523

674

591

808

1363

1723

Trinity Universal Insurance Co.

1091

1360

825

1019

834

1034

1638

2019

989

1230

1061

1323

896

1113

909

1127

1638

2019

United Services Auto Association

711

758

775

805

758

805

722

758

750

790

758

805

775

805

775

805

722

758

USAA Casualty Insurance Co.

773

821

823

853

805

853

785

821

799

840

805

853

823

853

823

853

785

821

Please note: The above premium rates reflect surveys completed by the insurers and only those insurers who chose to respond to the survey are included.

2014 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance

EXAMPLE 4 These premiums apply to a single family, well-maintained home, without a wood stove. This 50-year-old home has a replacement cost of $350,000 and the owners want to purchase $150,000 of coverage. There have been no claims in the last three years. The original plumbing, wiring, and heating/cooling have not been replaced and the composite roof is ten years old. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy. Billings

Bozeman

Butte

Great Falls

Glendive

Helena

Kalispell

Missoula

Scobey

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depositors Insurance Co.

2202

3552

1211

1654

1422

1909

2672

4058

1648

2441

1455

2043

1081

1719

1214

1943

2231

3376

Farmers Insurance Exchange

2035

2520

1739

2195

1678

2125

2617

3070

1952

2522

1747

2207

1615

2213

1481

1894

2341

2875

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2173

2173

1084

1084

1318

1318

2811

2811

1481

1481

1375

1375

1451

1451

1286

1286

2173

2173

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allstate Vehicle & Property Ins. Co.

Mountain West Farm Bureau Ins. Co. Safeco Insurance Co. of America State Farm Fire and Casualty Co. Travelers Home & Marine Ins.Co. Trinity Universal Insurance Co. United Services Auto Association USAA Casualty Insurance Co.

- Indicates that a company would not write the risk. Please note: The above premium rates reflect surveys completed by the insurers and only those insurers who chose to respond to the survey are included.

2014 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance

EXAMPLE 5 These premiums apply to a single family, well-maintained home, without a wood stove. This 50-year-old home has a replacement cost of $350,000 and the owners want to purchase insurance for that amount. There have been no claims in the last three years. The plumbing, wiring, and heating/cooling were updated two years ago, and the composite roof is two years old. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy. Billings

Bozeman

Butte

Glendive

Great Falls

Helena

Kalispell

Missoula

Scobey

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

Allstate Vehicle & Property Ins. Co.

1494

2175

1510

2092

1403

1976

1559

1954

1563

2072

1267

1743

1143

1649

1202

1812

1559

1953

Depositors Insurance Co.

2244

3623

1211

1663

1426

1929

2733

4137

1657

2461

1457

2054

1076

1703

1201

1912

2284

3444

Farmers Insurance Exchange

1250

1440

1090

1273

1031

1210

1588

1768

1161

1385

1081

1264

950

1184

933

1099

1364

1576

Mountain West Farm Bureau Ins. Co.

1578

2020

921

1178

994

1272

1718

2095

1184

1515

979

1253

804

1029

789

1010

1596

1945

Safeco Insurance Co. of America

2064

3818

1280

2369

1137

2103

2600

4810

1734

3207

1608

2976

1038

1919

1246

2304

2600

4810

State Farm Fire and Casualty Co.

2529

2529

1266

1266

1537

1537

3267

3267

1725

1725

1603

1603

1691

1691

1499

1499

2529

2529

Travelers Home & Marine Ins.Co.

1499

2057

790

1113

1145

1609

2287

2995

1240

1709

1288

1851

793

1089

877

1285

1870

2466

Trinity Universal Insurance Co.

1450

1820

1086

1354

1102

1374

2200

2722

1311

1642

1412

1768

1185

1481

1201

1501

2200

2722

United Services Auto Association

1244

1384

1328

1449

1300

1449

1273

1384

1282

1411

1300

1449

1328

1449

1328

1449

1273

1384

USAA Casualty Insurance Co.

1351

1494

1409

1532

1381

1532

1381

1494

1365

1497

1381

1532

1409

1532

1409

1532

1381

1494

Please note: The above premium rates reflect surveys completed by the insurers and only those insurers who chose to respond to the survey are included.

2014 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance

EXAMPLE 6 These premiums apply to a well-maintained condominium in a 10-unit complex, built in 2003, without wood stoves. The contents are valued at $80,000. There have been no claims in the last three years. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person. Coverage is on a replacement cost basis, all other coverages are rated according to an HO6 or comparable policy. Coverage for the structure and any improvements is not included. Billings

Bozeman

Butte

Glendive

Great Falls

Helena

Kalispell

Missoula

Scobey

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

Allstate Insurance Co.

353

484

289

397

289

397

370

484

353

484

353

484

289

397

289

397

370

484

Depositors Insurance Co.

318

359

318

365

315

361

311

352

321

347

294

341

296

338

297

339

308

349

Fire Insurance Exchange

481

573

449

494

489

539

454

501

443

536

426

508

435

518

452

536

514

568

Mountain West Farm Bureau Ins. Co.

327

352

333

360

333

360

327

352

333

360

333

360

333

360

333

360

327

352

Safeco Insurance Co. of America

319

383

319

383

319

383

319

383

319

383

319

383

319

383

319

383

319

383

State Farm Fire and Casualty Co.

413

413

341

341

341

341

463

463

364

364

364

364

341

341

341

341

413

413

Travelers Home & Marine Ins.Co.

215

234

216

235

220

240

217

234

223

244

216

236

216

236

202

222

217

234

Trinity Universal Insurance Co.

171

211

176

217

176

217

174

215

165

203

165

203

180

224

176

217

174

215

United Services Auto Association

150

150

170

165

165

165

150

150

161

159

165

165

170

165

170

165

150

150

USAA Casualty Insurance Co.

150

150

150

150

150

150

150

150

150

150

150

150

150

150

150

150

150

150

Please note: The above premium rates reflect surveys completed by the insurers and only those insurers who chose to respond to the survey are included.

Please note that the above premium rates reflect surveys completed by the insurers and only those insurers who chose to respond to the survey are included.

2014 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance

EXAMPLE 7 These premiums apply to a renter in a two-story apartment complex with 15 units, built in 2000, without wood stoves. The contents are valued at $50,000. There have been no claims in the last three years. Coverages: Deductible $1000; Personal liability $100,000 and Medical Payments $1,000 per person. All other coverages are rated according to an HO4 or comparable policy. Billings

Bozeman

Butte

Glendive

Great Falls

Helena

Kalispell

Missoula

Scobey

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

Allstate Indemnity Co.

258

354

212

289

212

289

272

354

258

254

258

354

212

289

212

289

272

354

Depositors Insurance Co.

268

349

273

367

286

379

259

341

260

311

263

357

226

310

277

311

257

339

Fire Insurance Exchange

352

418

326

360

355

391

333

367

328

397

312

372

317

377

328

391

377

415

Mountain West Farm Bureau Ins. Co.

256

281

261

287

261

287

256

281

261

287

261

287

261

287

261

287

256

281

Safeco Insurance Co. of America

186

353

186

353

186

353

186

353

186

353

186

353

186

353

186

353

186

353

State Farm Fire and Casualty Co.

146

146

121

121

121

121

165

165

155

155

155

155

121

121

121

121

146

146

Travelers Home & Marine Ins.Co.

167

223

149

199

161

212

167

228

171

229

156

211

159

216

148

197

157

211

Trinity Universal Insurance Co.

171

213

170

212

170

212

171

213

170

212

170

212

171

213

171

213

171

213

United Services Auto Association

279

279

270

270

308

308

318

318

270

270

286

286

286

286

286

286

318

318

USAA Casualty Insurance Co.

268

268

259

259

295

295

304

304

259

259

274

274

274

274

274

274

304

304

Please note: The above premium rates reflect surveys completed by the insurers and only those insurers who chose to respond to the survey are included.

2014 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance

EXAMPLE 8 These premiums apply to a single family who owns a $180,000 modular home, purchased for that amount with no wood stove. The home is 3 years old and is on a permanent foundation. The original composite roof is in good shape. There have been no claims in the last three years. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy Billings

Bozeman

Butte

Glendive

Great Falls

Helena

Kalispell

Missoula

Scobey

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

Allstate Vehicle & Property Ins. Co.

822

1009

942

1125

793

967

955

1070

923

1067

727

862

665

814

640

813

955

1070

Depositors Insurance Co.

767

1137

479

596

477

621

900

1282

611

825

553

713

441

608

484

675

768

1083

Farmers Insurance Exchange

921

1134

800

1002

783

980

1169

1368

901

1151

809

1012

757

1019

696

878

1069

1304

Mountain West Farm Bureau Ins. Co.

846

1082

493

631

532

682

921

1123

634

812

525

672

431

551

423

541

855

1042

Safeco Insurance Co. of America

1592

2946

989

1829

878

1624

2006

3712

1338

2474

1243

2300

803

1485

962

1780

2006

3712

State Farm Fire and Casualty Co.

1525

1525

764

764

927

927

1971

1971

1040

1040

967

967

1020

1020

904

904

1525

1525

Travelers Home & Marine Ins.Co.

679

860

350

455

543

730

1083

1366

522

666

556

752

335

424

374

498

815

1023

Trinity Universal Insurance Co.

739

911

568

692

576

702

1088

1332

673

828

719

887

615

752

621

761

1088

1332

United Services Auto Association

483

519

532

556

520

556

491

519

513

545

520

556

532

556

532

556

491

519

USAA Casualty Insurance Co.

524

561

564

589

552

589

533

561

546

578

552

589

564

589

564

589

533

561

Please note: The above premium rates reflect surveys completed by the insurers and only those insurers who chose to respond to the survey are included.

2014 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance

EXAMPLE 9 These premiums apply to a single family, well-maintained home, without a wood stove. This new home has a replacement cost of $325,000 and the owners want to purchase insurance for that amount. Six months ago the original home was destroyed by fire and rebuilt. Coverages: Deductible $1000; Personal liability $100,000, Medical Payments $1,000 per person, outbuildings 10% of dwelling. All other coverages, including personal property, additional living expenses, and limits on dwelling, are rated according to an HO3 or comparable policy Billings

Bozeman

Butte

Glendive

Great Falls

Helena

Kalispell

Missoula

Scobey

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

City

Rural

Allstate Vehicle & Property Ins. Co.

1041

1442

1122

1484

968

1322

1168

1408

1122

1427

878

1164

805

1115

782

1150

1168

1408

Depositors Insurance Co.

1654

2471

1004

1262

1161

1463

1926

2793

1325

1793

1163

1520

871

1255

975

1406

1624

2344

Farmers Insurance Exchange

1140

1370

1017

1238

1023

1239

1451

1669

1159

1429

1038

1260

974

1257

916

1116

1366

1623

Mountain West Farm Bureau Ins. Co.

1382

1769

806

1032

870

1114

1505

1835

1037

1327

857

1098

704

901

691

885

1398

1704

Safeco Insurance Co. of America

2932

5423

1818

3363

1616

2990

3691

6828

2463

4557

2285

4226

1474

2725

1768

3272

3691

6828

State Farm Fire and Casualty Co.

2626

2626

1314

1314

1596

1596

3394

3394

1792

1792

1664

1664

1756

1756

1559

1559

2626

2626

Travelers Home & Marine Ins.Co.

1175

1590

621

861

903

1255

1780

2316

967

1316

1000

1421

620

839

687

988

1447

1893

Trinity Universal Insurance Co.

1132

1412

853

1058

865

1072

1702

2099

1025

1277

1102

1373

929

1154

942

1169

1702

2099

United Services Auto Association

626

682

708

749

692

749

638

682

680

730

692

749

708

749

708

749

638

682

USAA Casualty Insurance Co.

676

733

749

791

732

791

689

733

722

772

732

791

749

791

749

791

689

733

Please note: The above premium rates reflect surveys completed by the insurers and only those insurers who chose to respond to the survey are included.

2014 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance

CONSUMER CONTACTS FOR PARTICIPATING COMPANIES ALLSTATE PROPERTY & CASUALTY INSURANCE COMPANY

Celeste Vanduch

DEPOSITORS INSURANCE CO.

See website or call the toll free number

FARMERS INSURANCE EXCHANGE FIRE INSURANCE EXCHANGE

Victoria McCarthy

MOUNTAIN WEST FARM BUREAU INSURANCE CO. SAFECO INSURANCE CO OF AMERICA

Stephen Slattery

STATE FARM FIRE AND CASUALTY CO.

Contact a local State Farm agent

TRAVELERS HOME & MARINE INSURANCE CO.

TRINITY UNIVERSAL INSURANCE CO. UNITED SERVICES AUTOMOBILE ASSOC. USAA CASUALTY INSURANCE CO.

Ed Speich

2775 Sanders Rd. Ste. A5 Northbrook, IL 60062-6127

1-847-402-7328

www.allstate.com

1-800-233-0394

www.alliedinsurance.com

4680 Wilshire Boulevard Los Angeles, CA 90010

1-323-932-3200

www.farmers.com

931 Boulder Drive Laramie, WY 82070

1-307-745-3852

www.mwfbi.com

175 Berkeley Street Boston, MA 02116

1-857-224-1782

www.safeco.com www.statefarm.com

PO Box 59059 Knoxville, TN 37950-9059

1-800-842-5075

www.travelers.com

12926 Gran Bay Prkwy West Jacksonville, FL 32258

1-904-245-5848

www.kemper.com

9800 Fredericksburg Rd San Antonio, TX 78288

1-800-531-8722

www.usaa.com

Technical Notes Some of the companies that participated in this survey have differences in determining premiums. These include: 

State Farm Fire and Casualty Company For all examples, additional discounts may apply – see your local State Farm agent.

United Services Automobile Association/USAA Casualty Insurance Company USAA Group Property and Casualty products are generally available to active duty U.S. military personnel and their families, National Guard and Selected Reserve officers and enlisted personnel, and recently retired or separated military personnel. For all examples:  Per liability limits are $300,000 rather than $100,000.  Minimum medical payments offered are $5,000 rather than $1,000.

Compare Insurance Rates Online If you prefer, use the Montana Commissioner of Securities & Insurance website for quick and easy comparisons of auto, homeowners, Medicare supplements, and long-term care insurance rates.

www.csi.mt.gov/consumers

C ONTACT U S MONICA J. LINDEEN Commissioner of Securities & Insurance Montana State Auditor

CONSUMER HOTLINE 444-2040 1-800-332-6148 (Outside Helena) Fax: 406-444-3497 TDD Phone: 406-444-3246

Commissioner of Securities & Insurance | Montana State Auditor 840 Helena Avenue | Helena, MT 59601

www.csi.mt.gov


Montana Homeowners, Condominium and Renters Insurance 2014 Rate Comparison Guide