Montana Homeowners Insurance

Compiled by PlainInsure · May 15, 2026

U.S. Treasury FIO data for 167 ZIP codes in Montana (MT).

The verdict

According to U.S. Treasury FIO filings, Montana ranks #16 of 51 by average premium ($1,945/yr) ≠ #18 of 50 by nonrenewal (1.26%). Cost rank is not withdrawal rank.

$1,945
State avg premium (#16 of 51): #18
Nonrenewal of 50 (1.26%): 59716
In-state premium ZIP #1 ($7,599): 59801
In-state nonrenewal ZIP #1 (0.60%)

Premium rank counts states with a reported average premium, highest first, abbreviation tiebreak. Nonrenewal rank counts states that publish a rate. In-state ZIP #1s are separate extracts.

Montana vs all states by ZIP-mean homeowners premium

Where this state's average ZIP premium sits among every state that reports one (lower is better for homeowners)

$1,945 Around the middle lower premium than 29% of 51 states

States, banded by ZIP-mean annual homeowners premium (FIO)

Each bar is a $0.001K-wide band; taller bars hold more states. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.

Source U.S. Treasury FIO Homeowners Insurance Markets Report · 2018–2022

Homeowners in Montana pay an average of $1,945 per year for home insurance - 10% above the national average of $1,776. That ranks Montana as the 16th most expensive state out of 51 for homeowners insurance. Between 2018 and 2022, premiums rose by 9.9%; nonrenewal rates climbed by 62.6% over the same period.

On five-year premium growth (2018–2022), Montana ranks 14th out of 51 states. Its nonrenewal rate (1.26%) ranks 18th out of 50 - nonrenewal is an early warning indicator of insurer retreat, often tied to disaster risk.

According to the U.S. Department of the Treasury, Federal Insurance Office - "Analyses of U.S. Homeowners Insurance Markets, 2018–2022." Premium values are five-year averages across all ZIP-level observations. See methodology for how the state rank and comparison are calculated.

How Montana Compares

vs National Average

$1,945 vs $1,776

10% above national avg

Rank Among States

16th of 51

most expensive for homeowners insurance

Loss Ratio vs National

54.7% vs 58.0%

insurers retain more margin here

Avg Premium

$1,945/yr

National avg: $1,776 (+10% above)

Premium Change

+9.9%

2018-2022 change

Avg Loss Ratio

54.7%

Claims paid vs premiums earned

Nonrenewal Rate

1.26%

+62.6% change

Data Snapshot: Montana Homeowners Insurance

Across the 167 Montana ZIP codes in the U.S. Treasury FIO data, the average annual home insurance premium is $1,945. That is an average of ZIP codes, in which a ZIP of a few hundred people counts the same as one of tens of thousands. Weighting each ZIP by its population, closer to what a typical Montana homeowner pays, gives $1,623 per year. That is 10% above the national average of $1,776 per year reported by the Federal Insurance Office. Montana ranks 16th most expensive out of 51 states and territories on annual premium, with ZIP-level observations ranging from $1,179 in 59919 to $7,599 in 59716.

Between 2018 and 2022, average premiums rose by 9.9% in Montana, placing the state 14th nationally on five-year premium growth. The state-level loss ratio averaged 54.7%, meaning insurers retained a healthy margin after claims, typical of stable markets. Nonrenewal rates, the share of policies insurers decline to extend at expiration, averaged 1.26% across the ZIP codes that report one (90% of the state's ZIP codes; those without a published rate are smaller and higher-premium on average, so this figure is likely conservative), a climb of 62.6% over the study period (ranking 18th out of 50 states).

Within Montana, premium dispersion across ZIP codes is substantial: the most expensive ZIP (59716 in Big Sky) charges 544% more than the least expensive (59919 in Hungry Horse), reflecting local differences in catastrophe exposure, construction costs, and claims history. The FIO dataset aggregates voluntary reporting from the 40 largest homeowners insurers covering roughly 80% of the U.S. market, so ZIP-level figures represent market averages rather than individual quotes; actual premiums vary with dwelling value, deductible, coverage limits, and insurer-specific underwriting. This page is a FIO registry extract, not a quote or a recommendation.

How to read these figures: state averages on this page are computed from U.S. Treasury Federal Insurance Office data, which the office collects directly from the largest homeowners insurers and reports at the ZIP-code level. A statewide average blends expensive coastal and wildfire-exposed markets with lower-cost inland areas, so the figure is a useful benchmark but will understate what some residents pay and overstate what others pay. The loss ratio is the share of every premium dollar that insurers returned as claims; sustained ratios near or above one signal a market under pressure, where rate increases, tighter underwriting, or nonrenewals tend to follow. Claim frequency and nonrenewal rates show how often policies result in claims and how often insurers decline to renew, both of which track local catastrophe exposure. Treat the state number as a registry average, then open the ZIP table below for the same filing year's local premium and nonrenewal extracts.

Loss Ratio Reading: Montana

Montana statewide - FIO 2018-2022 average: 55% (Insurer-favorable) - low claim payout, insurer retains a healthy margin.

ZIP Codes Tracked

167

Reporting Period

2018-2022

Source

U.S. Treasury FIO

Premium Trends (2018-2022)

Year	Avg Premium	Median Premium	Loss Ratio	Claim Freq	Nonrenewal
2018	$1,770	$1,666	52.6%	4.86%	0.77%
2019	$1,766 (-0.2%)	$1,654	98.0%	7.93%	0.61%
2020	$1,814 (+2.8%)	$1,686	56.3%	5.11%	0.56%
2021	$1,873 (+3.2%)	$1,767	54.2%	5.08%	0.91%
2022	$1,945 (+3.9%)	$1,823	54.7%	4.87%	1.26%

Average homeowners premium per year in Montana.

Most Expensive ZIP Codes in Montana

Most Affordable ZIP Codes in Montana

All ZIP Codes in Montana

167 ZIP codes sorted by premium (highest first). Click column headers to sort.

ZIP	City	Premium	Loss Ratio	Claims	Nonrenewal
59716	Big Sky	$7,599	46.9%	2.71%	0.33%
59730	Gallatin Gateway	$3,565	43.6%	2.36%	0.51%
59065	Pray	$3,325	4.7%	1.12%	1.12%
59028	Fishtail	$3,147	45.5%	2.46%	N/A
59720	Cameron	$3,143	7.5%	2.43%	1.21%
59914	Dayton	$3,095	159.7%	4.00%	3.33%
59106	Billings	$2,789	244.0%	23.50%	0.65%
59218	Culbertson	$2,769	0.2%	1.37%	N/A
59037	Huntley	$2,627	442.1%	40.81%	0.54%
59854	Ovando	$2,595	7.9%	1.56%	1.56%
59027	Emigrant	$2,585	81.9%	2.10%	1.26%
59826	Condon	$2,579	55.5%	5.17%	0.34%
59931	Rollins	$2,546	24.4%	2.15%	1.61%
59270	Sidney	$2,525	31.2%	5.75%	0.84%
59937	Whitefish	$2,516	26.5%	2.66%	1.24%
59079	Shepherd	$2,503	151.5%	16.69%	0.58%
59006	Ballantine	$2,474	208.6%	21.57%	1.96%
59715	Bozeman	$2,458	108.1%	6.26%	0.44%
59061	Nye	$2,456	13.6%	2.21%	0.55%
59740	Mc Allister	$2,438	4.7%	1.54%	1.03%
59313	Baker	$2,425	104.1%	5.81%	1.22%
59871	Sula	$2,416	3.0%	1.57%	3.94%
59221	Fairview	$2,413	15.6%	2.24%	2.24%
59645	White Sulphur Springs	$2,347	17.9%	1.24%	2.17%
59915	Elmo	$2,346	402.1%	24.71%	1.18%
59088	Worden	$2,302	103.2%	13.09%	1.05%
59922	Lakeside	$2,286	48.3%	3.68%	0.80%
59086	Wilsall	$2,246	18.7%	5.88%	1.47%
59710	Alder	$2,234	3.1%	3.03%	3.03%
59105	Billings	$2,228	55.8%	7.18%	0.52%
59911	Bigfork	$2,227	235.2%	20.26%	0.69%
59263	Scobey	$2,222	33.3%	13.60%	0.80%
59070	Roberts	$2,200	129.9%	6.09%	0.96%
59019	Columbus	$2,192	25.8%	3.10%	0.32%
59829	Darby	$2,168	20.8%	1.93%	2.37%
59323	Colstrip	$2,162	229.2%	30.21%	0.30%
59330	Glendive	$2,150	14.3%	4.42%	0.55%
59068	Red Lodge	$2,150	47.9%	4.97%	0.40%
59934	Trego	$2,146	0.6%	1.20%	2.41%
59008	Belfry	$2,142	482.9%	5.41%	2.70%
59634	Clancy	$2,136	39.9%	3.81%	0.69%
59254	Plentywood	$2,130	7.6%	1.02%	1.37%
59034	Hardin	$2,129	201.4%	15.83%	0.90%
59741	Manhattan	$2,123	21.3%	2.87%	1.59%
59041	Joliet	$2,115	21.1%	2.16%	1.62%
59044	Laurel	$2,115	29.0%	3.60%	0.60%
59018	Clyde Park	$2,108	12.9%	0.78%	1.55%
59223	Fort Peck	$2,104	19.0%	4.73%	1.18%
59327	Forsyth	$2,094	17.2%	2.34%	0.52%
59201	Wolf Point	$2,093	43.3%	10.15%	1.88%
59072	Roundup	$2,093	70.0%	1.63%	0.74%
59301	Miles City	$2,086	18.5%	2.80%	0.42%
59101	Billings	$2,085	40.5%	5.66%	0.42%
59248	Nashua	$2,083	3.8%	1.79%	N/A
59846	Huson	$2,082	13.0%	2.19%	1.25%
59758	West Yellowstone	$2,082	6.0%	0.83%	0.66%
59011	Big Timber	$2,077	18.6%	3.56%	0.38%
59729	Ennis	$2,068	22.7%	2.70%	0.76%
59102	Billings	$2,067	87.1%	8.97%	0.25%
59063	Park City	$2,031	30.1%	1.88%	0.63%
59230	Glasgow	$2,023	40.9%	4.69%	0.73%
59001	Absarokee	$2,019	12.3%	3.61%	N/A
59030	Gardiner	$1,977	2.4%	0.93%	0.93%
59918	Fortine	$1,967	N/A	N/A	N/A
59718	Bozeman	$1,967	27.5%	2.21%	0.48%
59823	Bonner	$1,962	34.1%	1.65%	0.55%
59412	Belt	$1,942	6.8%	2.62%	1.05%
59754	Twin Bridges	$1,941	29.1%	5.73%	N/A
59638	Jefferson City	$1,927	45.5%	5.38%	N/A
59047	Livingston	$1,922	28.4%	2.11%	0.45%
59932	Somers	$1,911	81.2%	3.59%	1.05%
59910	Big Arm	$1,909	23.3%	2.87%	0.48%
59421	Cascade	$1,902	7.1%	1.74%	1.09%
59020	Cooke City	$1,899	N/A	N/A	N/A
59538	Malta	$1,892	91.3%	10.63%	1.45%
59868	Seeley Lake	$1,891	50.1%	4.01%	5.73%
59750	Butte	$1,888	17.0%	3.75%	N/A
59875	Victor	$1,882	44.4%	2.34%	1.05%
59762	Wise River	$1,874	1.6%	0.65%	0.65%
59014	Bridger	$1,865	24.7%	1.43%	N/A
59029	Fromberg	$1,851	10.3%	2.86%	2.86%
59648	Wolf Creek	$1,836	5.8%	1.02%	2.04%
59463	Monarch	$1,832	8.5%	1.71%	0.85%
59485	Ulm	$1,823	9.9%	3.10%	3.88%
59457	Lewistown	$1,819	27.8%	2.61%	0.62%
59728	Elliston	$1,816	6.6%	4.88%	1.22%
59925	Marion	$1,813	17.8%	4.63%	0.80%
59840	Hamilton	$1,810	47.1%	2.47%	0.70%
59930	Rexford	$1,797	2.6%	0.31%	0.61%
59853	Noxon	$1,786	106.4%	2.40%	1.80%
59602	Helena	$1,781	36.2%	4.15%	0.80%
59523	Chinook	$1,781	46.5%	4.84%	2.42%
59520	Big Sandy	$1,780	40.1%	8.65%	1.92%
59917	Eureka	$1,774	10.0%	1.95%	1.17%
59824	Charlo	$1,763	21.3%	3.31%	0.66%
59714	Belgrade	$1,756	40.3%	3.31%	0.84%
59752	Three Forks	$1,754	9.0%	2.06%	1.03%
59833	Florence	$1,753	37.7%	4.25%	1.74%
59860	Polson	$1,749	26.1%	2.87%	1.04%
59920	Kila	$1,745	55.0%	4.02%	1.18%
59410	Augusta	$1,744	8.0%	3.03%	N/A
59820	Alberton	$1,742	18.6%	1.76%	1.76%
59844	Heron	$1,739	N/A	N/A	N/A
59821	Arlee	$1,739	43.1%	3.96%	1.08%
59422	Choteau	$1,732	114.5%	8.47%	1.59%
59501	Havre	$1,732	23.6%	2.47%	0.82%
59443	Fort Shaw	$1,731	57.0%	10.34%	N/A
59929	Proctor	$1,727	430.0%	3.61%	1.20%
59601	Helena	$1,715	24.6%	4.43%	0.43%
59487	Vaughn	$1,713	119.0%	10.16%	1.56%
59748	Ramsay	$1,713	3.6%	N/A	1.06%
59865	Saint Ignatius	$1,708	18.7%	2.59%	1.18%
59436	Fairfield	$1,700	16.0%	3.45%	N/A
59759	Whitehall	$1,697	37.7%	3.20%	0.53%
59482	Sunburst	$1,697	8.5%	1.35%	4.05%
59526	Harlem	$1,688	89.1%	10.99%	2.20%
59404	Great Falls	$1,686	93.5%	11.06%	0.74%
59874	Trout Creek	$1,673	66.5%	2.74%	0.27%
59749	Sheridan	$1,668	8.1%	1.85%	1.39%
59825	Clinton	$1,650	10.3%	2.42%	1.10%
59442	Fort Benton	$1,639	6.1%	1.38%	0.92%
59804	Missoula	$1,636	17.9%	2.32%	0.72%
59828	Corvallis	$1,628	32.5%	3.65%	0.56%
59834	Frenchtown	$1,620	43.3%	3.24%	1.82%
59036	Harlowton	$1,615	98.8%	8.97%	0.64%
59722	Deer Lodge	$1,615	21.0%	4.29%	0.27%
59635	East Helena	$1,608	24.4%	3.47%	0.72%
59858	Philipsburg	$1,608	61.4%	2.40%	1.60%
59936	West Glacier	$1,608	23.2%	2.38%	1.79%
59639	Lincoln	$1,607	7.3%	1.17%	1.17%
59803	Missoula	$1,607	29.1%	3.17%	0.70%
59644	Townsend	$1,602	31.5%	3.46%	0.92%
59866	Saint Regis	$1,598	57.1%	9.58%	1.67%
59870	Stevensville	$1,558	152.3%	11.82%	1.22%
59486	Valier	$1,558	14.3%	3.57%	4.29%
59926	Martin City	$1,550	19.0%	7.06%	1.18%
59631	Basin	$1,550	N/A	N/A	1.56%
59632	Boulder	$1,543	18.7%	3.39%	0.85%
59434	East Glacier Park	$1,542	7.2%	2.33%	N/A
59832	Drummond	$1,526	8.9%	1.75%	N/A
59414	Black Eagle	$1,519	12.7%	1.46%	1.46%
59405	Great Falls	$1,515	31.2%	3.86%	0.71%
59401	Great Falls	$1,512	20.7%	3.11%	0.51%
59872	Superior	$1,508	38.8%	1.35%	0.90%
59425	Conrad	$1,496	21.9%	3.61%	0.57%
59802	Missoula	$1,493	14.7%	2.18%	0.80%
59935	Troy	$1,490	35.1%	2.30%	1.95%
59859	Plains	$1,459	90.8%	2.83%	0.63%
59912	Columbia Falls	$1,459	68.8%	2.96%	0.78%
59474	Shelby	$1,456	38.1%	4.47%	2.46%
59847	Lolo	$1,437	98.4%	2.49%	0.98%
59901	Kalispell	$1,434	244.4%	16.31%	0.86%
59808	Missoula	$1,433	93.1%	6.09%	1.06%
59873	Thompson Falls	$1,426	60.1%	3.29%	1.37%
59725	Dillon	$1,421	25.2%	2.62%	0.36%
59913	Coram	$1,415	29.9%	4.17%	3.47%
59864	Ronan	$1,402	12.3%	1.78%	0.71%
59701	Butte	$1,380	26.6%	3.34%	0.80%
59427	Cut Bank	$1,371	118.7%	9.93%	2.13%
59465	Neihart	$1,363	65.7%	10.26%	N/A
59711	Anaconda	$1,335	45.0%	2.96%	1.04%
59923	Libby	$1,308	48.0%	2.44%	1.12%
59417	Browning	$1,301	67.4%	5.80%	2.17%
59801	Missoula	$1,271	39.8%	2.34%	0.60%
59739	Lima	$1,267	59.7%	2.56%	2.56%
59845	Hot Springs	$1,186	19.2%	1.42%	2.13%
59919	Hungry Horse	$1,179	64.7%	3.19%	3.72%

Montana Insurance Guides

Why Is Homeowners Insurance So Expensive?

Key factors driving premium increases nationwide

The Insurance Nonrenewal Crisis

Why insurers are dropping policyholders and what it means

Understanding Loss Ratios

What loss ratios reveal about your state's insurance market

Insurance Costs by State

How Montana compares to other states

Explore More Insurance Data

Premium Rankings

Most & least expensive ZIPs and states nationwide

Dental Insurance in Montana

DHMO vs DPPO premiums (NADP 2024)

Compare All States

Average premiums and nonrenewals across the U.S.

Natural-hazard context (FEMA NRI)

County National Risk Index scores joined to Montana ZIP codes in the same FIO filing year. This is hazard and vulnerability context from FEMA, not a premium driver table and not a quote.

Mean county risk score

56.6

38th of 50 states by mean score · national mean 69.3

Counties joined

Distinct county FIPS on Montana FIO ZIPs

Most common top hazard

Cold Wave

27 of 45 counties

Highest FEMA NRI counties in Montana
County	Risk score	Rating	Top hazard
Flathead	86.5	Relatively Moderate	Earthquake
Yellowstone	83.6	Relatively Moderate	Cold Wave
Cascade	83.1	Relatively Moderate	Cold Wave

Counties with elevated FEMA hazard ratings in Montana
Hazard	Elevated counties	Share of joined
Winter weather	17	38%
Wildfire	1	2%

Elevated = FEMA Relatively High or Very High rating on that hazard column. Ratings are independent per hazard; a county can appear in more than one row.

Source: FEMA National Risk Index · research board: top counties by NRI score.

Nationwide states with similar insurance profiles

Two FIO peer sets for Montana: nearest other states by average homeowners premium and by statewide nonrenewal rate. These are cross-state neighborhoods, not the in-state ZIP table above.

Similar average premium

Nearest states by average homeowners premium ($1,945/yr here).

North Dakota $1,954/yr Alabama $1,931/yr Minnesota $1,928/yr Mississippi $1,976/yr

Similar nonrenewal rate

Nearest states by average nonrenewal rate (1.26% here).

Indiana 1.27% Colorado 1.27% New Mexico 1.23% Iowa 1.20%

Frequently Asked Questions

What is the average homeowners insurance cost in Montana? ▼

Averaged across the 167 Montana ZIP codes in the U.S. Treasury FIO data, the annual homeowners premium is $1,945 ($1,623 when each ZIP is weighted by population, which is closer to what a typical homeowner pays). This is 10% above the national average of $1,776.

How have insurance premiums changed in Montana? ▼

Montana homeowners insurance premiums changed by +9.9% between 2018 and 2022. The average loss ratio is 54.7%, meaning insurers pay out that percentage of earned premiums in claims.

Which ZIP code has the most expensive insurance in Montana? ▼

The most expensive ZIP code for homeowners insurance in Montana is 59716, with an average premium of $7,599/yr. The most affordable is 59919 at $1,179/yr.

What is the nonrenewal rate for Montana homeowners insurance? ▼

Averaged across the Montana ZIP codes that report one (90% of the state's ZIP codes), the nonrenewal rate is 1.26%. This rate has changed by +62.6% from 2018 to 2022. Nonrenewals occur when an insurer declines to renew an existing policy at expiration. ZIP 59801 has the highest nonrenewal rate in the state at 0.60%.

What is a loss ratio and what does Montana's mean? ▼

A loss ratio measures how much an insurer pays out in claims compared to premiums collected. Montana's average loss ratio is 54.7%. Ratios above 100% indicate insurers are paying more in claims than they collect, which often leads to premium increases.

How often do homeowners file insurance claims in Montana? ▼

The average claim frequency in Montana is 4.87%, meaning that percentage of policies result in a claim each year. The average claim severity (cost per claim) is $22,927. Higher claim frequency and severity typically correlate with higher premiums.

What natural hazards drive risk in Montana? ▼

Across 45 FEMA National Risk Index counties that join to Montana ZIP codes in the FIO file, the mean county risk score is 56.6 (18% below the 50-state mean of 69.3). The most common county-level top hazard is Cold Wave (27 of 45 counties). Elevated (Relatively High or Very High) county ratings concentrate in Winter weather (17), Wildfire (1). NRI scores are county hazard/vulnerability context from FEMA; they are not premiums and are not a quote.

Montana in the FIO registry

State averages sit next to ZIP-level premium and nonrenewal extracts from the same filing year.

Montana ZIP premiums and nonrenewal rates in the same table. ZIP table
National premium board versus the population-floored nonrenewal board. Rankings
How competition ranks and dual boards are derived. Methodology

State figures are five-year ZIP-level averages from U.S. Treasury FIO data, a benchmark, not a quote for any individual home.

Source: U.S. Department of the Treasury, Federal Insurance Office (FIO) Homeowners Insurance Data (2018-2022). Premiums are ZIP-level averages and may not reflect individual policy costs

Browse all ZIPs → | Rankings → | All states →

Compiled by PlainInsure, Insurance Transparency Editorial Process · May 15, 2026

Source data: U.S. Treasury FIO · FEMA National Risk Index · NOAA Storm Events. See our methodology.

Every figure on PlainInsure is rendered directly from U.S. Treasury Federal Insurance Office data, no number is typed in by an editor. This state's figures are rendered directly from U.S. Treasury FIO data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.

Montana Homeowners Insurance

How Montana Compares

Data Snapshot: Montana Homeowners Insurance

Loss Ratio Reading: Montana

Premium Trends (2018-2022)

Average premium in Montana, 2018–2022

Most Expensive ZIP Codes in Montana

Most Affordable ZIP Codes in Montana

All ZIP Codes in Montana

Montana Insurance Guides

Explore More Insurance Data

Natural-hazard context (FEMA NRI)

Nationwide states with similar insurance profiles

Similar average premium

Similar nonrenewal rate

Frequently Asked Questions

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