How Much Does Car Insurance Cost for Teenagers in Montana?

You have most likely watched the catchy commercials from insurers like GEICO, Nationwide, and The General guaranteeing huge savings. So you should just pick the company with the cutest commercial, right?

Regrettably, it’s not quite that easy, as there are a ton of unknown aspects like if your driving record shows any at-fault accidents, if you own a home, and your financial responsibility. We will attempt to cover the things that influence insurance rates and should give you a good start in finding the cheapest insurance.

For Montana drivers, one of the considerations that is used by insurance companies to determine the price of your policy is where you normally keep your vehicle in Montana. Areas with more people or even just a higher incidence of claims like Kalispell, Columbia Falls, and Polson are more likely to have higher rates, whereas areas with less congestion receive better rates.

The following table displays the most expensive areas in Montana for teenagers to buy an auto insurance policy in.

Rates are estimated as the garaging address in Montana can alter premiums significantly.

The vehicle model you are insuring is one of the largest factors when comparing quotes for affordable insurance for teenagers. Vehicles with high performance features, poor safety ratings, or a high likelihood of having liability claims will cost much more to insure than more economical and safe models.

The next lists presents insurance costs for a selection of the cheaper vehicles to insure in Montana.

Data variables include single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Montana minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in specific Montana garaging location which can decrease or increase premiums substantially.

Data based on single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Montana minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in garaging location in Montana which can increase or decrease premium rates considerably.

Above prices assume single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Montana minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in vehicle garaging location which can impact insurance rates considerably.

Impact of speeding/accidents on insurance rates

One of the best ways to enjoy affordable insurance premiums in Montana for teen drivers is to be an attentive driver and not get tickets or have accidents. The chart below shows how traffic citations and accident claims can impact premium costs for each different age group. The data assumes a single female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

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In the previous chart, the average cost of auto insurance in Montana per year with no accidents and a clean driving record is $2,586. Receive two speeding tickets and the average cost increases to $3,461, an increase of $875 each year. Then add in one accident along with the two speeding tickets and the annual cost of insurance for teenagers goes up to an average of $4,339. That’s an increase of $1,754, or $146 per month, just for not being attentive to the road!

State Farm, Geico, Progressive, and Allstate compared

When shopping around for auto insurance for teen drivers, some of the first companies to look at are State Farm, Geico, Progressive, and Allstate. Between them, they insure almost 50% of all car insurance policies in America. All of them offer liability and physical damage protection, but each on has somewhat different options that you can select from. The next table points out ratings for price and service, as well as some optional coverages that are available for policyholders.

How to get cheap car insurance for teenagers in Montana

The list below summarizes some of the recommended money-saving ideas that can help you quote the cheapest coverage.

• If possible, pay for small claims out-of-pocket
• Accidents can significantly increase rates
• Increase your deductibles
• If your vehicles are older, consider dropping full coverage
• Do not get traffic violations
• Shop around once a year for cheaper rates

The last tip is extremely vital, as was discussed in this article. Coverage prices in Montana can change considerably based on profitability, so drivers shouldn’t hesitate to buy a policy from a new company if a lower price can be found.

Being loyal to a particular company is commendable, but is isn’t recommended if your bullheadedness ends up costing you money that could be used for better things. In less than five minutes you could compare rates and find cheaper auto insurance for teenagers.