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M ONTANA

Homeowners, Condominium and Renters Insurance

2017 R ATE C OMPARISON G UIDE


Dear Fellow Montanan: The Commissioner of Securities and Insurance, Office of the Montana State Auditor, is pleased to provide you with the Montana 2017 Homeowners, Condominium and Renters Insurance Rate Comparison Guide. 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. We encourage you to put this guide to work for you. Shop carefully, and contact the CSI 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 1800-332-6148; the number in Helena is 444-2040. You will also find more useful information on the CSI web site at www.csimt.gov. Thank you.


About this guide This guide compares how much a Montana homeowner, condominium owner or renter 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 both in-city and rural residences. The rural premiums are based on fire protection class code 9, which is outside of the city limits. Ten companies that sell the most homeowners insurance in Montana chose to participate in our survey and their sample rates are featured in the charts on pages 7-15 of this guide. If you find any terms, phrases or concepts confusing, we encourage you to read the Montana Consumer Guide to Homeowners Insurance, a comprehensive CSI booklet available at www.csimt.gov/your-insurance/home 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 annually, 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 7.

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, 2017. 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.

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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? Trained professionals are available to assist you on a wide range of insurance issues.

Call the CSI Insurance Hotline

1-800-332-6148

2

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 One 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 $1,000; 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 one most closely matches your insurance situation, refer to the example one chart on page 7 for sample rate quotes.

Example Two These premiums apply to a single family, well-maintained home, without a wood stove. This 20-year-old home has a replacement cost of $250,000 and the owners want to purchase insurance for that amount. The owners have a Golden 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 $1,000; 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 two most closely matches your insurance situation, refer to the example two chart on page 8 for sample rate quotes.

Example Three These premiums apply to a single family, well-maintained home, with a wood stove. This 5-year-old home has a replacement cost of $300,000 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 condition. Coverages: Deductible $1,000; 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 three most closely matches your insurance situation, refer to the example three chart on page 9 for sample rate quotes. 3


Example Four These premiums apply to a single family, well-maintained home, without a wood stove. This 40-year-old home has a replacement cost of $180,000 and the owners want to purchase insurance for that amount. 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 $1,000; 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 four most closely matches your insurance situation, refer to the example four chart on page 10 for sample rate quotes.

Example Five 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 $1,000; 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 five most closely matches your insurance situation, refer to the example five chart on page 11 for sample rate quotes.

Example Six These premiums apply to a 10-year-old well-maintained condominium in a 10-unit complex without wood stoves. The contents are valued at $80,000. There have been no claims in the last three years. Coverages: Deductible $1,000; 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 six most closely matches your insurance situation, refer to the example six chart on page 12 for sample rate quotes.

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Example Seven These premiums apply to a renter in a 25-year-old 2-story apartment complex with 15 units without wood stoves. The contents are valued at $50,000. There have been no claims in the last three years. Coverages: Deductible $500; 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 seven most closely matches your insurance situation, refer to example seven chart on page 13 for sample rate quotes.

Example Eight These premiums apply to a single family who owns an $180,000 modular home, purchased for that amount, without a 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 $1,000; 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 eight most closely matches your insurance situation, refer to example eight chart on page 14 for sample rate quotes.

Example Nine These premiums apply to a single family, well-maintained home, without a wood stove. This new home has a replacement cost of $450,000 and the owners want to purchase insurance for that amount. Six months ago the original home was destroyed by fire and rebuilt. Coverages: Deductible $1,000; 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 nine most closely matches your insurance situation, refer to example nine chart on page 15 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.

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6


EXAMPLE ONE 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 $1,000; 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 City

Rural

Bozeman City

Rural

Butte City

Rural

Glendive City

Rural

Great Falls City

Rural

Helena City

Rural

Kalispell

Missoula

City

Rural

City

Rural

Scobey City

Rural

Allstate Vehicle & Property Ins. Co.

$1,264 $1,760 $1,315 $1,738 $1,180 $1,593 $1,306 $1,622 $1,328 $1,697 $1,073 $1,418

$961

$1,328

$995

$1,438 $1,338 $1,622

CSAA Insurance Group

$1,335 $2,240

$818

$1,338

$1,375

$837

$1,359

$736

$1,184

$791

$1,285 $1,149 $1,904

Depositors Insurance Co.(Nationwide) $1,728 $2,487

$859

$1,104 $1,014 $1,301 $1,841 $2,654 $1,125 $1,524

$956

$1,365

$690

$954

$741

$1,022 $1,585 $2,212

$1,789 $2,187 $1,315 $1,608 $1,139 $1,412 $1,861 $2,287 $1,172 $1,490 $1,222 $1,506

$973

$1,233 $1,096 $1,373 $1,378 $1,696

Mountain West Farm Bureau Ins. Co. $2,263 $2,862 $1,199 $1,501 $1,168 $1,461 $1,925 $2,430 $1,747 $2,203 $1,256 $1,573

$983

$1,224

$943

$1,173 $1,968 $2,373

Safeco Insurance Co. of America

$1,325 $2,347

$562

$995

$652

$1,153 $1,521 $2,692

State Farm Fire and Casualty Co.

$2,735 $2,735 $1,514 $1,514 $1,755 $1,755 $3,534 $3,534 $2,030 $2,030 $1,917 $1,917 $1,828 $1,828 $1,820 $1,820 $2,735 $2,735

Travelers Home & Marine Ins. Co.

$1,125 $1,523

United Services Auto Association

$1,180 $1,283 $1,170 $1,255 $1,147 $1,255 $1,180 $1,283 $1,194 $1,237 $1,147 $1,255 $1,170 $1,255 $1,170 $1,255 $1,202 $1,283

USAA Casualty Insurance Co.

$1,186 $1,303 $1,189 $1,289 $1,166 $1,289 $1,186 $1,303 $1,210 $1,267 $1,166 $1,289 $1,189 $1,289 $1,189 $1,289 $1,211 $1,303

Farmers Insurance Exchange

$824

$654

$1,459

$899

$796

$667

$762

$1,285 $1,134 $1,902

$831

$1,179 $1,521 $2,692 $1,020 $1,805

$1,051 $1,500 $2,185

$947

$1,285

$870

$871

$1,538

$1,220

$605

$817

$680

$978

$1,383 $1,809

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.

2017 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance


EXAMPLE TWO These premiums apply to a single family, well-maintained home, without a wood stove. This 20-year-old home has a replacement cost of $250,000 and the owners want to purchase insurance for that amount. The owners have a Golden 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 $1,000; 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 City

Rural

Bozeman City

Rural

Butte City

Rural

Glendive City

Rural

Great Falls City

Rural

Helena City

Rural

Kalispell City

Rural

Missoula City

Rural

Scobey City

Rural

Allstate Vehicle & Property Ins. Co.

$1,477 $1,951 $1,547 $1,974 $1,413 $1,831 $1,541 $1,851 $1,559 $1,916 $1,278 $1,612 $1,180 $1,538 $1,220 $1,648 $1,571 $1,851

CSAA Insurance Group

$1,477 $2,486

$1,506

$803

$1,313

$864

$1,428 $1,271 $2,112

Depositors Insurance Co.

$2,109 $2,992 $1,058 $1,335 $1,256 $1,586 $2,247 $3,195 $1,381 $1,839 $1,283 $1,651

$827

$1,118

$889

$1,200 $1,876 $2,656

Farmers Insurance Exchange

$2,216 $2,675 $1,662 $1,997 $1,445 $1,756 $2,306 $2,800 $1,471 $1,837 $1,547 $1,871 $1,242 $1,536 $1,394 $1,708 $1,705 $2,072

$894

$1,484

$871

$1,428 $1,253 $2,110

$908

$1,524

$914

Mountain West Farm Bureau Ins. Co. $2,710 $3,431 $1,431 $1,794 $1,396 $1,750 $2,304 $2,911 $2,090 $2,638 $1,499 $1,881 $1,173 $1,463 $1,125 $1,402 $1,085 $1,293 Safeco Insurance Co. of America

$1,338 $2,368

State Farm Fire and Casualty Co.

$3,091 $3,091 $1,711 $1,711 $1,984 $1,984 $3,994 $3,994 $2,296 $2,296 $2,167 $2,167 $2,067 $2,067 $2,058 $2,058 $3,091 $3,091

Travelers Home & Marine Ins. Co.

$1,614 $2,147

United Services Auto Association

$1,391 $1,484 $1,385 $1,452 $1,356 $1,452 $1,391 $1,484 $1,418 $1,438 $1,356 $1,452 $1,385 $1,452 $1,385 $1,452 $1,412 $1,484

USAA Casualty Insurance Co.

$1,394 $1,500 $1,403 $1,485 $1,375 $1,485 $1,394 $1,500 $1,433 $1,466 $1,375 $1,485 $1,403 $1,485 $1,403 $1,485 $1,417 $1,500

$833

$934

$1,474

$674

$1,192 $1,536 $2,718 $1,029 $1,822

$878

$1,553

$1,267 $1,098 $1,498 $2,150 $3,107 $1,353 $1,800 $1,254 $1,732

$568

$849

$1,004

$1,129

$659

$951

$1,166 $1,536 $2,718

$1,349 $1,962 $2,540

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.

2017 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance


EXAMPLE THREE These premiums apply to a single family, well-maintained home, with a wood stove. This 5-year-old home has a replacement cost of $300,000 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 $1,000; 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 City

Rural

Bozeman City

Rural

Butte City

Rural

Glendive City

Rural

Great Falls City

Rural

Helena City

Rural

Kalispell

Missoula

City

Rural

City

Rural

Scobey City

Rural

Allstate Vehicle & Property Ins. Co.

$1,346 $1,637 $1,760 $2,056 $1,303 $1,581 $1,709 $1,901 $1,680 $1,898 $1,160 $1,365

$919

$1,142

$873

$1,136 $1,729 $1,901

CSAA Insurance Group

$1,486 $2,493

$911

$1,500

$888

$1,444 $1,266 $2,120

$1,540

$930

$1,521

$820

$1,329

$880

$1,444 $1,283 $2,122

Depositors Insurance Co.

$1,545 $2,215

$775

$989

$912

$1,168 $1,643 $2,361 $1,011 $1,363

$935

$1,219

$621

$850

$665

Farmers Insurance Exchange

$2,555 $2,928 $1,739 $2,015 $1,438 $1,672 $2,681 $3,102 $1,496 $1,763 $1,583 $1,835 $1,139 $1,357 $1,356 $1,602 $1,792 $2,066

$925

$908

$1,416 $1,969

Mountain West Farm Bureau Ins. Co. $2,239 $2,803 $1,236 $1,520 $1,264 $1,556 $1,919 $2,394 $1,752 $2,180 $1,289 $1,588 $1,080 $1,320 $1,040 $1,269 $1,959 $2,340 Safeco Insurance Co. of America

$1,593 $2,819

State Farm Fire and Casualty Co.

$2,504 $2,504 $1,409 $1,409 $1,624 $1,624 $3,221 $3,221 $1,872 $1,872 $1,771 $1,771 $1,691 $1,691 $1,683 $1,683 $2,504 $2,504

Travelers Home & Marine Ins. Co.

$1,184 $1,513

$990

$1,754

$801

$665

$883

$802

$1,417 $1,829 $3,236 $1,225 $2,167 $1,045 $1,850

$1,078 $1,681 $2,377

$676

$1,196

$783

$1,387 $1,829 $3,236

$943

$1,215

$901

$1,221

$572

$738

$664

$907

$1,420 $1,796

United Services Auto Association

$838

$891

$843

$880

$826

$880

$838

$891

$863

$871

$826

$880

$843

$880

$843

$880

$850

$891

USAA Casualty Insurance Co.

$840

$901

$854

$899

$837

$899

$840

$901

$873

$887

$837

$899

$854

$899

$854

$899

$853

$901

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.

2017 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance


EXAMPLE FOUR These premiums apply to a single family, well-maintained home, without a wood stove. This 40-year-old home has a replacement cost of $180,000 and the owners want to purchase insurance for that amount. 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 $1,000; 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 City

Rural

Bozeman City

Rural

Butte City

Rural

Glendive City

Rural

Great Falls City

Rural

Helena City

Rural

Kalispell

Missoula

City

Rural

City

Rural

Scobey City

Rural

Allstate Vehicle & Property Ins. Co.

$1,511 $1,975 $1,911 $2,321 $1,421 $1,807 $1,836 $2,132 $1,837 $2,181 $1,278 $1,599

$997

$1,321

$962

$1,374 $1,867 $2,132

CSAA Insurance Group (AAA)

$1,227 $2,051

$762

$1,224

$742

$1,176 $1,054 $1,741

$773

$1,256

$780

$1,241

$686

$1,090

$737

$1,176 $1,066 $1,742

Depositors Insurance Co.

$1,485 $2,161

$738

$961

$865

$1,123 $1,580 $2,305

$967

$1,327

$894

$1,157

$610

$854

$653

Farmers Insurance Exchange

$2,518 $3,000 $1,724 $2,077 $1,443 $1,759 $2,640 $3,171 $1,514 $1,878 $1,578 $1,909 $1,167 $1,464 $1,369 $1,694 $1,835 $2,203

$916

Mountain West Farm Bureau Ins. Co. $1,902 $2,408 $1,005 $1,259

$974

$1,219 $1,616 $2,041 $1,467 $1,850 $1,052 $1,320

$819

$1,021

$785

Safeco Insurance Co. of America

$1,386 $2,454

$697

$1,233 $1,590 $2,815 $1,066 $1,887

$587

$1,039

$682

State Farm Fire and Casualty Co.

$2,337 $2,337 $1,293 $1,293 $1,499 $1,499 $3,020 $3,020 $1,734 $1,734 $1,638 $1,638 $1,562 $1,562 $1,556 $1,556 $2,337 $2,337

Travelers Home & Marine Ins. Co.

$1,017 $1,344

United Services Auto Association

$1,050 $1,154 $1,036 $1,126 $1,016 $1,126 $1,050 $1,154 $1,056 $1,108 $1,016 $1,126 $1,036 $1,126 $1,036 $1,126 $1,072 $1,154

USAA Casualty Insurance Co.

$1,057 $1,174 $1,055 $1,160 $1,035 $1,160 $1,057 $1,174 $1,071 $1,137 $1,035 $1,160 $1,055 $1,160 $1,055 $1,160 $1,081 $1,174

$861

$561

$1,524

$764

$665

$912

$1,440 $2,070

$806

$1,077

$909

$752

$1,609

$1,045

$501

$669

$580

$978

$1,370 $1,925

$1,652 $1,993

$1,206 $1,590 $2,815

$818

$1,246 $1,609

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.

2017 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance


EXAMPLE FIVE 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 $1,000; 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 City

Rural

Bozeman City

Rural

Butte City

Rural

Glendive City

Rural

Great Falls City

Rural

Helena City

Rural

Kalispell City

Rural

Missoula City

Rural

Scobey City

Rural

Allstate Vehicle & Property Ins. Co.

$1,664 $2,423 $1,742 $2,398 $1,547 $2,190 $1,719 $2,202 $1,759 $2,323 $1,385 $1,912 $1,209 $1,768 $1,260 $1,937 $1,767 $2,202

CSAA Insurance Group

$1,744 $2,951 $1,036 $1,763 $1,008 $1,697 $1,481 $2,507 $1,051 $1,811 $1,059 $1,790

$929

$1,562 $1,000 $1,697 $1,503 $2,510

Depositors Insurance Co.

$2,642 $3,874 $1,230 $1,630 $1,476 $1,947 $2,819 $4,141 $1,655 $2,300 $1,516 $2,039

$967

$1,384 $1,034 $1,475 $1,174 $3,438

Farmers Insurance Exchange

$2,663 $3,291 $1,889 $2,362 $1,619 $2,056 $2,778 $3,451 $1,701 $2,203 $1,748 $2,203 $1,357 $1,777 $1,550 $1,996 $2,031 $2,529

Mountain West Farm Bureau Ins. Co. $3,167 $4,001 $1,687 $2,106 $1,794 $2,244 $2,694 $3,396 $2,448 $3,080 $1,765 $2,206 $1,510 $1,880 $1,449 $1,802 $2,754 $3,316 Safeco Insurance Co. of America

$1,667 $2,951 $1,037 $1,834

State Farm Fire and Casualty Co.

$2,366 $2,366 $1,309 $1,309 $1,518 $1,518 $3,056 $3,056 $1,756 $1,756 $1,659 $1,659 $1,582 $1,582 $1,575 $1,575 $2,366 $2,366

Travelers Home & Marine Ins. Co.

$1,507 $2,068

United Services Auto Association

$1,401 $1,150 $1,387 $1,518 $1,360 $1,518 $1,401 $1,550 $1,410 $1,491 $1,360 $1,518 $1,387 $1,518 $1,387 $1,518 $1,432 $1,550

USAA Casualty Insurance Co.

$1,412 $1,580 $1,413 $1,567 $1,387 $1,567 $1,412 $1,580 $1,433 $1,532 $1,387 $1,567 $1,413 $1,567 $1,413 $1,567 $1,446 $1,580

$883

$838

$1,484 $1,914 $3,388 $1,282 $2,270 $1,093 $1,935

$1,233 $1,034 $1,447 $2,011 $2,957 $1,300 $1,785 $1,188 $1,686

$706

$817

$1,250

$1,122

$820

$926

$1,452 $1,914 $3,388

$1,353 $1,866 $2,464

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.

2017 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance


EXAMPLE SIX These premiums apply to a 10-year-old well-maintained condominium in a 10-unit complex without wood stoves. The contents are valued at $80,000. There have been no claims in the last three years. Coverages: Deductible $1,000; 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.

$337

$462

$276

$378

$276

$378

$337

$462

$337

$462

$337

$462

$276

$378

$276

$378

$352

$462

CSAA Insurance Group (AAA)

$359

$551

$342

$519

$343

$519

$359

$551

$391

$610

$343

$519

$342

$519

$342

$519

$360

$551

Depositors Insurance Co.

$370

$386

$367

$386

$339

$359

$368

$385

$374

$385

$329

$348

$356

$373

$358

$374

$363

$380

Fire Insurance Exchange

$506

$603

$473

$520

$515

$568

$478

$528

$466

$564

$449

$535

$458

$545

$476

$564

$541

$598

Mountain West Farm Bureau Ins. Co.

$264

$291

$270

$296

$270

$296

$264

$291

$270

$296

$270

$296

$270

$296

$270

$296

$264

$291

Safeco Insurance Co. of America

$161

$190

$203

$241

$156

$184

$166

$196

$148

$175

$156

$184

$213

$252

$171

$205

$166

$296

State Farm Fire and Casualty Co.

$418

$418

$345

$345

$345

$345

$467

$467

$367

$367

$367

$367

$345

$345

$345

$345

$418

$418

Travelers Home & Marine Ins. Co.

$215

$234

$216

$235

$220

$240

$215

$234

$223

$244

$216

$236

$216

$236

$202

$222

$217

$234

United Services Auto Association

$150

$150

$165

$159

$160

$159

$150

$150

$166

$154

$160

$159

$165

$159

$165

$159

$150

$150

USAA Casualty Insurance Co.

$150

$150

$155

$150

$151

$150

$150

$150

$157

$150

$151

$150

$155

$150

$155

$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.

2017 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance


EXAMPLE SEVEN These premiums apply to a renter in a 25-year-old two-story apartment complex with 15 units without wood stoves. The contents are valued at $50,000. There have been no claims in the last three years. Coverages: Deductible $500; 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.

$240

$328

$197

$268

$197

$268

$240

$328

$240

$328

$240

$328

$197

$268

$197

$268

$252

$328

CSAA Insurance Group (AAA)

$140

$203

$135

$196

$135

$196

$140

$203

$130

$184

$135

$196

$135

$196

$135

$196

$141

$203

Depositors Insurance Co.

$223

$281

$228

$294

$238

$305

$215

$273

$220

$256

$217

$283

$196

$255

$197

$256

$212

$271

Fire Insurance Exchange

$370

$440

$343

$380

$374

$412

$351

$386

$345

$417

$329

$392

$334

$397

$345

$412

$397

$437

Mountain West Farm Bureau Ins. Co.

$297

$327

$303

$333

$303

$333

$297

$327

$303

$333

$303

$333

$303

$333

$303

$333

$297

$327

Safeco Insurance Co. of America

$141

$253

$131

$236

$167

$301

$167

$301

$150

$270

$155

$279

$122

$220

$146

$262

$167

$301

State Farm Fire and Casualty Co.

$145

$145

$120

$120

$120

$120

$163

$163

$154

$154

$154

$154

$120

$120

$120

$120

$145

$145

Travelers Home & Marine Ins. Co.

$167

$223

$149

$199

$161

$212

$166

$228

$171

$229

$156

$211

$159

$216

$148

$197

$157

$211

United Services Auto Association

$256

$256

$248

$248

$282

$282

$290

$290

$262

$262

$262

$262

$262

$262

$262

$262

$290

$290

USAA Casualty Insurance Co.

$256

$256

$248

$248

$282

$282

$290

$290

$262

$262

$262

$262

$262

$262

$262

$262

$290

$290

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.

2017 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance


EXAMPLE EIGHT These premiums apply to a single family who owns a $180,000 modular home, purchased for that amount, without a 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 $1,000; 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 City

Rural

Bozeman City

Rural

Butte City

Rural

Glendive City

Rural

Great Falls

Helena

Kalispell

Missoula

City

Rural

City

Rural

City

Rural

City

Rural

$990

$1,114

$741

$857

$637

$765

$608

$758

Scobey City

Rural

Allstate Vehicle & Property Ins. Co.

$840

$1,005 $1,027 $1,192

$812

$966

CSAA Insurance Group (AAA)

$885

$1,435

$564

$879

$550

$850

$766

$1,216

$572

$901

$575

$891

$511

$789

$547

$850

$775

$1,217

Depositors Insurance Co.

$840

$1,166

$460

$564

$526

$652

$888

$1,237

$576

$747

$540

$678

$386

$493

$408

$521

$776

$1,044

Farmers Insurance Exchange

$1,010 $1,120

$2,130 $2,426 $1,422 $1,638 $1,165 $1,349 $2,225 $2,558 $1,220 $1,430 $1,288 $1,486

$909

$1,021 $1,120

$1,079 $1,092 $1,285 $1,472 $1,685

Mountain West Farm Bureau Ins. Co. $1,377 $1,736

$741

$921

$719

$893

$1,174 $1,476 $1,068 $1,340

$774

$964

$609

$752

$585

$722

$1,200 $1,441

Safeco Insurance Co. of America

$1,009 $1,786

$626

$1,108

$506

$897

$1,157 $2,049

$662

$1,171

$428

$757

$496

$877

$1,157 $2,049

State Farm Fire and Casualty Co.

$1,612 $1,612

$893

$893

$775

$1,373

$1,035 $1,035 $2,084 $2,084 $1,197 $1,197 $1,131 $1,131 $1,078 $1,078 $1,074 $1,074 $1,612 $1,612

Travelers Home & Marine Ins. Co.

$717

$905

$397

$518

$475

$627

$1,030 $1,442

United Services Auto Association

$540

$575

$550

$579

$539

$579

$540

USAA Casualty Insurance Co.

$542

$586

$558

$593

$547

$593

$542

$555

$707

$527

$703

$348

$440

$399

$532

$857

$1,074

$578

$562

$571

$539

$579

$550

$579

$550

$579

$548

$578

$586

$569

$583

$547

$593

$558

$593

$558

$593

$551

$586

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.

2017 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance


EXAMPLE NINE These premiums apply to a single family, well-maintained home, without a wood stove. This new home has a replacement cost of $450,000 and the owners want to purchase insurance for that amount. Six months ago the original home was destroyed by fire and rebuilt. Coverages: Deductible $1,000; 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 City

Rural

Bozeman City

Rural

Butte City

Rural

Glendive City

Rural

Great Falls City

Rural

Helena City

Rural

Kalispell City

Rural

Missoula City

Rural

Scobey City

Rural

Allstate Vehicle & Property Ins. Co.

$1,706 $2,553 $1,794 $2,594 $1,596 $2,387 $1,786 $2,351 $1,772 $2,416 $1,390 $1,993 $1,276 $1,928 $1,262 $2,035 $1,840 $2,351

CSAA Insurance Group (AAA)

$3,802 $6,448 $2,251 $3,862 $2,187 $3,716 $3,231 $5,478 $2,288 $3,966 $2,310 $3,921 $1,992 $3,422 $2,167 $3,716 $3,277 $5,483

Depositors Insurance Co.

$2,430 $3,455 $1,238 $1,557 $1,458 $1,851 $2,583 $3,678 $1,611 $2,153 $1,488 $1,924

Farmers Insurance Exchange

$3,055 $3,688 $2,166 $2,653 $1,845 $2,283 $3,195 $3,883 $1,929 $2,431 $2,001 $2,461 $1,527 $1,950 $1,759 $2,214 $2,277 $2,774

$949

$1,291 $1,030 $1,392 $2,201 $3,055

Mountain West Farm Bureau Ins. Co. $2,726 $3,422 $1,492 $1,842 $1,671 $2,070 $2,333 $2,918 $2,127 $2,655 $1,557 $1,925 $1,418 $1,747 $1,363 $1,677 $2,382 $2,851 Safeco Insurance Co. of America

$2,130 $3,768 $1,324 $2,344 $1,071 $1,895 $2,443 $4,325 $1,637 $2,898 $1,396 $2,471

State Farm Fire and Casualty Co.

$2,859 $2,859 $1,582 $1,582 $1,835 $1,835 $3,694 $3,694 $2,122 $2,122 $2,004 $2,004 $1,912 $1,912 $1,903 $1,903 $2,859 $2,859

Travelers Home & Marine Ins. Co.

$1,513 $2,091

$897

$1,252 $1,045 $1,461 $1,948 $2,880 $1,309 $1,801 $1,199 $1,704

$903

$1,598 $1,048 $1,854 $2,443 $4,325

$831

$1,141

$940

$1,380 $1,865 $2,471

United Services Auto Association

$843

$870

$871

$934

$852

$934

$791

$870

$880

$910

$852

$934

$871

$934

$871

$934

$808

$870

USAA Casualty Insurance Co.

$851

$890

$888

$964

$869

$964

$800

$890

$895

$936

$869

$964

$888

$964

$888

$964

$819

$890

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.

2017 Rate Comparison Guide: Homeowners, Condominium and Renters Insurance


CONSUMER CONTACTS FOR PARTICIPATING COMPANIES ALLSTATE VEHICLE & PROPERTY INSURANCE COMPANY

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

1-800-255-7828

www.allstate.com

CSAA INSURANCE GROUP

3055 Oak Road Walnut Creek, CA 94597

1-925-279-1506

www.aaa.com

DEPOSITORS INSURANCE CO. (Nationwide)

1100 Locust Ave. Des Moines, IA 50391

1-800-982-0756

www.nationwide.com

FARMERS INSURANCE EXCHANGE FIRE INSURANCE EXCHANGE

6301 Owensmouth Ave. Woodland Hills, CA 91367

1-800-327-6377

www.farmers.com

MOUNTAIN WEST FARM BUREAU INSURANCE CO.

931 Boulder Drive Laramie, WY 82070

1-307-745-4835

www.mwfbic.com

SAFECO INSURANCE CO. OF AMERICA

2012 Corporate Dr. Ste 108 Naperville, IL 60563

1-800-332-3226

www.safeco.com

Contact a local State Farm agent

www.statefarm.com

STATE FARM FIRE AND CASUALTY CO.

TRAVELERS HOME & MARINE INSURANCE CO.

PO Box 59059 Knoxville, TN 37950-9059

1-800-842-5075

www.travelers.com

UNITED SERVICES AUTOMOBILE ASSOC. USAA CASUALTY INSURANCE CO.

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: 

Mountain West Farm Bureau • Some geographic areas may have a different deductible for wind and hail.

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.csimt.gov/your-insurance


C ONTACT U S 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.csimt.gov

The Office of the Commissioner of Securities and Insurance, Montana State Auditor, attempts to provide reasonable accommodation for any known disability that may interfere with a person's ability to participate in any service, program or activity of the agency. Alternative accessible formats of this document will be provided upon request. For more information call (406) 444-2040 or TDD (406) 444-3246.

Montana 2017 Homeowners, Condominium and Renters Insurance Rate Comparison Guide  

The Commissioner of Securities and Insurance, Office of the Montana State Auditor, is pleased to provide you with the Montana 2017 Homeowner...

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