Page 1

M ONTANA

Homeowners, Condominium and Renters Insurance

2018 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 2018 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

1-800-332-6148; the number in Helena is 444-2040. You can also find additional

information and resources on the CSI web site at www.csimt.gov. Sincerely,

Matthew M. Rosendale, Sr. Commissioner of Securities & Insurance Montana State Auditor


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.

Top selling companies that sell homeowners insurance in Montana were invited to participate in our survey. Sample rates from the companies that chose to participate 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, 2018. 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. 1


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


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.

4


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 $25,000. 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.

5


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

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.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Insurance Co.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Vehicle & Property Ins. Co.

$1,272 $1,661 $1,161 $1,492 $1,256 $1,558 $1,175 $1,400 $1,140 $1,447

$965

$1,233

$782

$1,043

$833

$1,149 $1,197 $1,400

CSAA Fire & Casualty Ins. Co.

$1,178 $1,717

$943

$1,388

$773

$1,106

$746

$1,075

$741

$1,059

Depositors Insurance Co.(Nationwide)

$1,763 $2,505

$885

$1,098 $1,038 $1,295 $1,931 $2,672 $1,173 $1,542 $1,072 $1,358

$728

$955

$782

$1,022 $1,643 $2,227

Farmers Insurance Exchange

$2,121 $2,535 $1,434 $1,800 $1,275 $1,541 $2,226 $2,666 $1,321 $1,630 $1,382 $1,664 $1,051 $1,302 $1,215 $1,488 $1,572 $1,883

Fire Insurance Exchange

N/A

N/A

N/A

N/A

$840

$985

$802

N/A

$1,138

N/A

$963

N/A

$1,370

N/A

$816

N/A

$1,176

N/A

N/A

N/A

N/A

N/A

N/A

N/A

$879

N/A

$1,257

N/A

Garrison Property & Casualty Ins. Co.

$1,867 $2,033

Mountain West Farm Bureau Ins. Co.

$2,267 $2,902 $1,121 $1,434 $1,152 $1,474 $1,875 $2,400 $1,626 $2,081 $1,179 $1,509

$947

$1,213

$904

$1,157 $1,921 $2,341

Safeco Insurance Co. of America

$1,446 $2,559

$593

$1,049

$734

$1,298 $1,711 $3,029

State Farm Fire & Casualty Co.

$3,055 $3,055 $1,641 $1,641 $1,927 $1,927 $4,030 $4,030 $2,114 $2,114 $2,079 $2,079 $1,792 $1,792 $1,719 $1,719 $3,091 $3,091

Travelers Home & Marine Ins. Co.

$1,149 $1,561

$670

$922

$778

$1,076 $1,523 $2,223

$1,250

$622

United Services Auto Association

$1,655 $1,810

$757

$891

$924

$1,008 $1,211 $1,297 $1,380 $1,509 $1,111 $1,247

$962

$1,090 $1,534 $1,664

$964

$1,047

USAA Casualty Insurance Co.

$1,601 $1,750

$740

$869

$900

$938

$1,061 $1,481 $1,607

$945

$1,026

USAA General Indemnity Co.

$1,813 $1,963

$809

$940

$991

$880

$1,558

$1,031 $1,121 $1,358 $1,450 $1,558 $1,696 $1,246 $1,392 $1,078 $1,216 $1,729 $1,869 $1,073 $1,163

$743

$1,314 $1,711 $3,029 $1,099 $1,945

$981

$972

$1,322

$947

$891

$1,676

$1,183 $1,266 $1,344 $1,468 $1,079 $1,210

$842

$698

$1,006 $1,413 $1,853

$1,072 $1,317 $1,401 $1,518 $1,643 $1,207 $1,339 $1,043 $1,168 $1,678 $1,805 $1,041 $1,122

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.

7


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

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.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Insurance Co.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Vehicle & Property Ins. Co.

$1,465 $1,843 $1,345 $1,687 $1,487 $1,800 $1,359 $1,585 $1,324 $1,625 $1,158 $1,421

$942

$1,202 $1,035 $1,345 $1,381 $1,585

CSAA Fire & Casualty Ins. Co.

$1,248 $1,816

$1,169

$787

$1,133

$779

$1,119

Depositors Insurance Co.(Nationwide)

$2,163 $2,988 $1,083 $1,318 $1,274 $1,567 $2,335 $3,189 $1,433 $1,847 $1,310 $1,630

$859

$1,110

$927

$1,189 $1,970 $2,651

Farmers Insurance Exchange

$2,623 $3,103 $1,803 $2,231 $1,609 $1,913 $2,754 $3,267 $1,652 $2,008 $1,741 $2,064 $1,335 $1,619 $1,537 $1,848 $1,942 $2,303

Fire Insurance Exchange

N/A

N/A

$996

N/A $896

$1,465

N/A

$844

N/A

$1,203 $1,016 $1,448

N/A

N/A

N/A

$861

N/A

$1,243

N/A

$814

N/A

N/A

N/A

N/A

N/A

N/A

$928

N/A

$1,329

N/A

Garrison Property & Casualty Ins. Co.

$2,153 $2,308

Mountain West Farm Bureau Ins. Co.

$2,726 $3,490 $1,348 $1,725 $1,388 $1,776 $2,255 $2,886 $1,955 $2,503 $1,418 $1,815 $1,142 $1,461 $1,089 $1,394 $2,310 $2,816

Safeco Insurance Co. of America

$1,460 $2,585

State Farm Fire & Casualty Co.

$3,454 $3,454 $1,854 $1,854 $2,177 $2,177 $4,556 $4,556 $2,390 $2,390 $2,349 $2,349 $2,025 $2,025 $1,943 $1,943 $3,495 $3,495

Travelers Home & Marine Ins. Co.

$1,649 $2,199

$956

United Services Auto Association

$1,905 $2,049

$804

$930

USAA Casualty Insurance Co.

$1,840 $1,979

$786

$907

USAA General Indemnity Co.

$2,095 $2,235

$865

$987

$889

$1,031 $1,122 $1,205 $1,494 $1,580 $1,755 $1,884 $1,397 $1,533 $1,187 $1,315 $1,998 $2,129 $1,141 $1,224

$1,574

$750

$1,326 $1,727 $3,058 $1,110 $1,965

$956

$1,693

$1,299 $1,122 $1,532 $2,182 $3,157 $1,389 $1,852 $1,283 $1,774

$599

$873

$1,061

$1,163

$741

$975

$1,312 $1,727 $3,058

$1,388 $2,004 $2,599

$1,003 $1,081 $1,329 $1,409 $1,553 $1,672 $1,242 $1,369 $1,056 $1,176 $1,769 $1,891 $1,021 $1,099 $976

$1,051 $1,297 $1,375 $1,511 $1,626 $1,205 $1,327 $1,029 $1,144 $1,706 $1,824 $1,002 $1,077

$1,082 $1,157 $1,452 $1,530 $1,713 $1,830 $1,356 $1,479 $1,151 $1,268 $1,943 $2,062 $1,109 $1,184

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.

8


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

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.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Insurance Co.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Vehicle & Property Ins. Co.

$1,619 $1,859 $1,570 $1,808 $1,580 $1,791 $1,549 $1,689 $1,492 $1,677 $1,101 $1,263

$786

$947

$749

$938

CSAA Fire & Casualty Ins. Co.

$1,196 $1,736

$965

$1,410

$822

$1,158

$1,199

$792

$1,127

$766

$1,095

$760

$1,079

Depositors Insurance Co.(Nationwide)

$1,584 $2,216

$789

$975

$923

$1,151 $1,707 $2,361 $1,045 $1,369

$953

$1,203

$651

$848

$697

$905

Farmers Insurance Exchange

$3,183 $3,618 $1,998 $2,421 $1,724 $1,968 $3,372 $3,845 $1,806 $2,084 $1,904 $2,183 $1,325 $1,549 $1,612 $1,874 $2,187 $2,474

Fire Insurance Exchange

N/A

N/A

N/A

N/A

N/A

N/A

$704

$805

$845

$907

$981

N/A

$1,388

N/A

$836

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

$900

$1,278

$1,456 $1,968

N/A

N/A

$929

$992

Garrison Property & Casualty Ins. Co.

$1,502 $1,617

$1,144 $1,208 $1,262 $1,358 $1,009 $1,110

$881

$977

Mountain West Farm Bureau Ins. Co.

$2,116 $2,692 $1,076 $1,361 $1,165 $1,475 $1,761 $2,237 $1,534 $1,947 $1,129 $1,429

$969

$1,224

$927

$1,170 $1,802 $2,183

Safeco Insurance Co. of America

$1,737 $3,073 $1,058 $1,873

$712

$1,262

$882

$1,560 $2,056 $3,638

State Farm Fire & Casualty Co.

$2,791 $2,791 $1,522 $1,522 $1,778 $1,778 $3,665 $3,665 $1,946 $1,946 $1,915 $1,915 $1,656 $1,656 $1,593 $1,593 $2,822 $2,822

Travelers Home & Marine Ins. Co.

$1,204 $1,542

$677

$900

$815

United Services Auto Association

$1,331 $1,438

$634

$727

$757

USAA Casualty Insurance Co.

$1,291 $1,395

$622

$712

USAA General Indemnity Co.

$1,456 $1,560

$676

$767

$891

$1,577 $2,056 $3,638 $1,322 $2,339 $1,137 $2,013

$1,097 $1,698 $2,405

$963

$1,368 $1,466

$1,563 $1,689

$1,244

$917

$1,244

$586

$757

$815

$1,019 $1,078 $1,117 $1,206

$900

$994

$786

$875

$1,214 $1,305

$833

$891

$739

$795

$1,000 $1,057 $1,092 $1,178

$876

$967

$769

$855

$1,175 $1,262

$820

$876

$810

$866

$1,108 $1,166 $1,226 $1,313

$974

$1,066

$850

$936

$1,325 $1,413

$901

$957

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.

9

$678

$928

$1,443 $1,828


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

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.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Insurance Co.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Vehicle & Property Ins. Co.

$1,849 $2,227 $1,765 $2,086 $1,762 $2,043 $1,733 $1,944 $1,677 $1,966 $1,224 $1,475

$853

$1,099

$817

$1,111 $1,754 $1,944

CSAA Fire & Casualty Ins. Co.

$1,210 $1,774

$975

$1,438

$824

$1,177

$1,214

$792

$1,146

$766

$1,108

$759

$1,092

Depositors Insurance Co.(Nationwide)

$1,632 $2,325

$783

$993

$923

$1,173 $1,768 $2,481 $1,047 $1,407

$952

$1,231

$655

$873

$698

$927

Farmers Insurance Exchange

$3,090 $3,622 $1,958 $2,440 $1,701 $2,020 $3,273 $3,845 $1,792 $2,158 $1,869 $2,218 $1,332 $1,627 $1,600 $1,932 $2,189 $2,563

Fire Insurance Exchange

N/A

N/A

N/A

N/A

N/A

$748

$890

$922

N/A

$989

N/A

$1,413

N/A

$838

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

$905

$1,301

$1,513 $2,068

N/A

N/A

$943

$1,032

Garrison Property & Casualty Ins. Co.

$1,642 $1,806

$1,010 $1,187 $1,279 $1,354 $1,490 $1,101 $1,245

$950

$1,086 $1,524 $1,662

Mountain West Farm Bureau Ins. Co.

$2,066 $2,644 $1,021 $1,307 $1,043 $1,335 $1,708 $2,187 $1,481 $1,896 $1,074 $1,375

$858

$1,099

$818

$1,048 $1,750 $2,133

Safeco Insurance Co. of America

$1,513 $2,677

$620

$1,098

$767

$1,358 $1,789 $3,167

State Farm Fire & Casualty Co.

$2,610 $2,610 $1,402 $1,402 $1,646 $1,646 $3,444 $3,444 $1,807 $1,807 $1,775 $1,775 $1,530 $1,530 $1,470 $1,470 $2,641 $2,641

Travelers Home & Marine Ins. Co.

$1,035 $1,372

$572

$781

$677

$931

$1,457 $2,098

$1,105

$767

$1,068

$514

$688

United Services Auto Association

$1,458 $1,611

$675

$808

$828

$911

$1,061 $1,146 $1,202 $1,328

$983

$1,117

$849

$976

$1,353 $1,482

$849

$931

USAA Casualty Insurance Co.

$1,410 $1,557

$659

$788

$806

$886

$1,036 $1,118 $1,170 $1,292

$954

$1,084

$828

$950

$1,307 $1,431

$832

$911

USAA General Indemnity Co.

$1,591 $1,739

$716

$845

$882

$962

$1,146 $1,229 $1,314 $1,437 $1,062 $1,192

$915

$1,038 $1,475 $1,600

$909

$989

$921

$1,630

$776

$1,373 $1,789 $3,167 $1,149 $2,034

$825

$990

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.

10

$1,752

$593

$839

$1,269 $1,641


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

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.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Insurance Co.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Vehicle & Property Ins. Co.

$1,687 $2,276 $1,536 $2,046 $1,662 $2,130 $1,549 $1,890 $1,500 $1,964 $1,230 $1,635

CSAA Fire & Casualty Ins. Co.

$1,701 $2,500 $1,352 $2,005 $1,141 $1,639 $1,382 $1,983 $1,163 $1,694 $1,098 $1,594 $1,059 $1,543 $1,051 $1,522 $1,256 $1,817

Depositors Insurance Co.(Nationwide)

$2,670 $3,825 $1,239 $1,588 $1,478 $1,893 $2,899 $4,087 $1,684 $2,283 $1,527 $1,989 $1,015 $1,373 $1,087 $1,464 $2,467 $3,392

Farmers Insurance Exchange

$3,186 $3,844 $2,086 $2,672 $1,841 $2,268 $3,356 $4,052 $1,941 $2,432 $2,003 $2,461 $1,490 $1,897 $1,745 $2,187 $2,342 $2,831

Fire Insurance Exchange

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

$970

N/A

$1,365 $1,028 $1,504 $1,583 $1,890

N/A

N/A

N/A

N/A

N/A

Garrison Property & Casualty Ins. Co.

$2,269 $2,502 $1,022 $1,225 $1,262 $1,387 $1,687 $1,816 $1,876 $2,069 $1,503 $1,707 $1,299 $1,492 $2,073 $2,270 $1,355 $1,481

Mountain West Farm Bureau Ins. Co.

$3,150 $4,032 $1,557 $1,993 $1,766 $2,260 $2,605 $3,335 $2,259 $2,891 $1,638 $2,097 $1,453 $1,860 $1,386 $1,774 $2,668 $3,253

Safeco Insurance Co. of America

$1,819 $3,220 $1,109 $1,962

State Farm Fire & Casualty Co.

$2,643 $2,643 $1,419 $1,419 $1,666 $1,666 $3,485 $3,485 $1,829 $1,829 $1,798 $1,798 $1,549 $1,549 $1,488 $1,488 $2,673 $2,673

Travelers Home & Marine Ins. Co.

$1,542 $2,122

$905

$1,266 $1,057 $1,482 $2,044 $3,011 $1,335 $1,837 $1,216 $1,729

United Services Auto Association

$2,016 $2,232

$925

$1,113 $1,136 $1,252 $1,508 $1,629 $1,665 $1,845 $1,345 $1,535 $1,163 $1,343 $1,843 $2,026 $1,221 $1,337

USAA Casualty Insurance Co.

$1,948 $2,157

$900

$1,082 $1,103 $1,216 $1,472 $1,588 $1,620 $1,794 $1,302 $1,486 $1,131 $1,304 $1,777 $1,953 $1,195 $1,308

USAA General Indemnity Co.

$2,208 $2,418

$988

$1,172 $1,216 $1,330 $1,640 $1,757 $1,830 $2,005 $1,459 $1,644 $1,260 $1,435 $2,016 $2,194 $1,319 $1,433

$934

$1,653 $2,153 $3,811 $1,383 $2,449 $1,192 $2,109

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.

11

$746

$841

$1,320

$1,157

$923

$951

$1,633 $2,153 $3,811

$1,393 $1,909 $2,526


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 Indemnity Co.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Insurance Co.

$337

$462

$276

$378

$276

$378

$337

$462

$337

$462

$337

$462

$276

$378

$276

$378

$352

$462

Allstate Vehicle & Property Ins. Co.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

CSAA Fire & Casualty Ins. Co.

$356

$436

$347

$429

$321

$390

$339

$411

$317

$391

$332

$407

$311

$382

$311

$381

$357

$431

Depositors Insurance Co.(Nationwide)

$399

$418

$397

$417

$366

$389

$397

$416

$404

$417

$355

$376

$386

$405

$388

$406

$392

$411

Farmers Insurance Exchange

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Fire Insurance Exchange

$513

$610

$443

$527

$482

$573

$448

$533

$473

$572

$454

$540

$462

$550

$478

$569

$514

$607

Garrison Property & Casualty Ins. Co.

$200

$214

$148

$160

$155

$167

$168

$180

$182

$194

$169

$181

$160

$171

$193

$205

$157

$167

Mountain West Farm Bureau Ins. Co.

$164

$210

$167

$214

$173

$221

$164

$210

$167

$214

$167

$214

$173

$221

$173

$221

$172

$210

Safeco Insurance Co. of America

$170

$200

$216

$256

$166

$196

$175

$207

$156

$184

$166

$196

$224

$266

$182

$216

$175

$207

State Farm Fire & Casualty Co.

$379

$379

$297

$297

$297

$297

$436

$436

$317

$317

$317

$317

$281

$281

$281

$281

$379

$379

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

$195

$211

$140

$154

$147

$160

$162

$176

$178

$191

$162

$176

$153

$166

$188

$201

$150

$161

USAA Casualty Insurance Co.

$184

$197

$134

$145

$141

$152

$154

$164

$168

$178

$154

$165

$146

$156

$178

$188

$143

$151

USAA General Indemnity Co.

$189

$204

$136

$148

$143

$155

$157

$170

$173

$185

$157

$170

$148

$160

$182

$194

$146

$156

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. 12


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 $25,000. 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.

$148

$199

$124

$165

$124

$165

$148

$199

$148

$199

$148

$199

$124

$165

$124

$165

$156

$199

Allstate Insurance Co.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Vehicle & Property Ins. Co.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

CSAA Fire & Casualty Ins. Co.

$82

$91

$82

$90

$81

$84

$81

$87

$80

$85

$80

$84

$80

$84

$80

$83

$81

$87

Depositors Insurance Co.(Nationwide)

$189

$218

$193

$235

$201

$245

$181

$220

$190

$212

$183

$226

$166

$205

$167

$206

$179

$218

Farmers Insurance Exchange

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Fire Insurance Exchange

$309

$368

$262

$312

$281

$334

$270

$322

$296

$358

$272

$324

$273

$325

$281

$334

$303

$357

Garrison Property & Casualty Ins. Co.

$176

$176

$171

$171

$192

$192

$197

$197

$180

$180

$180

$180

$180

$180

$180

$180

$197

$197

Mountain West Farm Bureau Ins. Co.

$137

$176

$140

$180

$140

$180

$137

$176

$140

$180

$140

$180

$140

$180

$140

$180

$144

$176

Safeco Insurance Co. of America

$150

$270

$136

$246

$177

$317

$177

$317

$160

$289

$165

$296

$126

$227

$155

$279

$177

$317

State Farm Fire & Casualty Co.

$115

$115

$115

$115

$115

$115

$121

$121

$115

$115

$115

$115

$115

$115

$115

$115

$115

$115

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

$176

$176

$171

$171

$192

$192

$198

$198

$180

$180

$180

$180

$180

$180

$180

$180

$198

$198

USAA Casualty Insurance Co.

$185

$185

$180

$180

$202

$202

$208

$208

$189

$189

$189

$189

$189

$189

$189

$189

$208

$208

USAA General Indemnity Co.

$191

$191

$186

$186

$210

$210

$216

$216

$196

$196

$196

$196

$196

$196

$196

$196

$216

$216

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.

13


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

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.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Insurance Co.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Vehicle & Property Ins. Co.

$971

$1,104

$944

$1,074

$946

$1,061

$940

$1,020

$905

$1,010

$704

$796

$556

$649

$529

$636

$948

$1,020

CSAA Fire & Casualty Ins. Co.

$732

$1,055

$600

$871

$513

$717

$606

$850

$521

$738

$494

$697

$479

$678

$474

$668

$559

$753

Depositors Insurance Co.(Nationwide)

$859

$1,196

$467

$570

$531

$655

$918

$1,269

$594

$770

$549

$686

$399

$512

$422

$543

$772

$1,071

Farmers Insurance Exchange

$2,675 $3,020 $1,648 $1,991 $1,416 $1,609 $2,819 $3,192 $1,491 $1,710 $1,570 $1,789 $1,075 $1,250 $1,318 $1,522 $1,813 $2,035

Fire Insurance Exchange

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Garrison Property & Casualty Ins. Co.

$918

$1,000

$483

$554

$564

$608

$728

$774

$780

$848

$647

$718

$576

$644

$840

$909

$616

$660

Mountain West Farm Bureau Ins. Co.

$1,319 $1,689

$652

$835

$666

$853

$1,091 $1,397

$946

$1,211

$686

$878

$548

$702

$523

$669

$1,118 $1,362

Safeco Insurance Co. of America

$1,099 $1,947

$670

$1,186

$565

$1,000 $1,302 $2,305

$836

$1,481

$720

$1,275

$450

$797

$558

$988

$1,302 $2,305

State Farm Fire & Casualty Co.

$1,802 $1,802

$968

$968

$1,135 $1,135 $2,375 $2,375 $1,247 $1,247 $1,225 $1,225 $1,056 $1,056 $1,014 $1,014 $1,823 $1,823

Travelers Home & Marine Ins. Co.

$728

$921

$404

$527

$482

$637

$1,040 $1,457

$566

$722

$536

$716

$356

$451

$407

$544

$869

$1,091

United Services Auto Association

$816

$892

$436

$502

$506

$548

$650

$693

$692

$756

$578

$645

$514

$578

$747

$812

$553

$594

USAA Casualty Insurance Co.

$795

$868

$429

$493

$497

$537

$640

$681

$679

$741

$565

$630

$506

$567

$726

$788

$546

$586

USAA General Indemnity Co.

$881

$955

$455

$520

$532

$573

$696

$737

$748

$810

$615

$681

$546

$608

$804

$867

$587

$627

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.

14


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

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.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Insurance Co.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Allstate Vehicle & Property Ins. Co.

$1,734 $2,415 $1,604 $2,262 $1,708 $2,317 $1,622 $2,042 $1,529 $2,079 $1,230 $1,713 $1,045 $1,528 $1,028 $1,597 $1,660 $2,042

CSAA Fire & Casualty Ins. Co.

$1,526 $2,291 $1,244 $1,884 $1,037 $1,514 $1,239 $1,813 $1,052 $1,565

$1,466

$961

$1,430

Depositors Insurance Co.(Nationwide)

$2,350 $3,215 $1,209 $1,463 $1,395 $1,723 $2,496 $3,418 $1,605 $2,051 $1,459 $1,807

$972

$1,258 $1,062 $1,366 $2,109 $2,841

Farmers Insurance Exchange

$3,690 $4,374 $2,409 $3,040 $2,120 $2,553 $3,901 $4,628 $2,227 $2,723 $2,312 $2,786 $1,696 $2,109 $2,003 $2,458 $2,664 $3,160

$992

$946

$1,398 $1,147 $1,685

Fire Insurance Exchange

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Garrison Property & Casualty Ins. Co.

$836

$917

$558

$628

$597

$640

$877

$921

$797

$864

$631

$701

$602

$669

$696

$764

$825

$868

Mountain West Farm Bureau Ins. Co.

$2,936 $3,758 $1,451 $1,858 $1,755 $2,247 $2,429 $3,109 $2,106 $2,695 $1,527 $1,955 $1,444 $1,848 $1,377 $1,763 $2,487 $3,032

Safeco Insurance Co. of America

$2,464 $4,361 $1,501 $2,658 $1,265 $2,238 $2,916 $5,161 $1,872 $3,314 $1,614 $2,856 $1,011 $1,789 $1,250 $2,213 $2,916 $5,161

State Farm Fire & Casualty Co.

$3,130 $3,130 $1,681 $1,681 $1,973 $1,973 $4,129 $4,129 $2,166 $2,166 $2,128 $2,128 $1,835 $1,835 $1,762 $1,762 $3,167 $3,167

Travelers Home & Marine Ins. Co.

$1,549 $2,148

$919

$1,287 $1,070 $1,498 $1,982 $2,936 $1,345 $1,856 $1,229 $1,749

$855

$1,178

$966

$1,422 $1,910 $2,537

United Services Auto Association

$746

$821

$506

$571

$539

$580

$783

$825

$706

$768

$568

$634

$541

$603

$625

$688

$740

$781

USAA Casualty Insurance Co.

$735

$808

$499

$562

$531

$570

$778

$818

$702

$762

$558

$622

$534

$594

$612

$673

$735

$774

USAA General Indemnity Co.

$807

$879

$534

$597

$569

$608

$849

$890

$768

$829

$604

$668

$577

$637

$668

$730

$801

$840

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.

15


CONSUMER CONTACTS FOR PARTICIPATING COMPANIES ALLSTATE INDEMNITY CO. ALLSTATE INSURANCE CO. ALLSTATE VEHICLE & PROPERTY INSURANCE CO.

2775 Sanders Rd. Northbrook, IL 60062

1-800-255-7828

www.allstate.com

CSAA FIRE & CASUALTY 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 50391-0203

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

GARRISON PROPERTY & CASUALTY INS. CO.

9800 Fredericksburg Rd. San Antonio, TX 78288

1-210-531-8722

MOUNTAIN WEST FARM BUREAU INS. CO.

931 Boulder Drive Laramie, WY 82073

1-877-742-9991

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. USAA GENERAL INDEMNITY CO.

9800 Fredericksburg Rd. San Antonio, TX 78288

1-210-531-8722

www.usaa.com

16


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 Assoc, USAA Casualty Insurance Co, USAA General Indemnity Co, and Garrison Property & Casualty USAA Group Property & Casualty group of companies’ products are generally available to active, retired and separated (with a discharge type of “Honorable”) U.S. military personnel, National Guard, Selected Reserve, and their families.

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

17


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. 18

2018 Homeowners and Renters Insurance Rate Comparison Guide  
2018 Homeowners and Renters Insurance Rate Comparison Guide  
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