Who Has the Cheapest Auto Insurance for High Mileage Drivers in Montana?

It’s impossible to miss the catchy commercials from companies like The General, GEICO, and Liberty Mutual claiming big savings. So drivers just need to choose the one with the best commercial, right?

It’s just not that easy, however, as there are a whole bunch of unknowns such as your credit history, what deductibles to use for physical damage coverage, and the amount of liability coverage you want. This article will detail the best ways to avoid paying too much and educate you enough to have a good beginning to your search for cheaper coverage.

Figuring out which company quotes the cheapest auto insurance rates for high mileage drivers will involve a tad more effort in order to find the best price.

Each auto insurer has a unique formula for filing rates in each state, so let’s rank the most affordable auto insurance companies in Montana. It’s a good idea to know that Montana auto insurance rates are determined by lots of factors that can increase the price of coverage. Turning one year older, filing a claim, or getting a few speeding tickets may generate price changes resulting in some rates now being cheaper than others.

Lowest Insurance Price Quotes in Montana

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Safeco has some of the most affordable car insurance rates in Montana at around $837 per year. Progressive, USAA, State Farm, and MetLife also make the cut as some of the most economical Montana auto insurance companies.

As the rates illustrate above, if you currently have a policy with State Farm and switched to Progressive, you could earn a yearly price reduction of in the neighborhood of $87. Policyholders with MetLife might save as much as $169 a year, and National Farmers Union insureds might lower prices by $221 a year.

Bear in mind that those policy rates are averaged across all ages of drivers and types of vehicles and and are not figured with a rate decrease for high mileage drivers. So the insurer that has the cheapest rates for you may not even be shown in the rate chart shown above. That affirms the importance of why you need to quote rates from many companies using your own personal information and vehicle type.

Performance level and cost of the vehicle on the policy is probably the most important factor that determines if you can find the cheapest insurance for high mileage drivers. Vehicles with reasonable performance levels, good crash test ratings, or a low likelihood of having liability claims will cost substantially less to insure than high performance models. The lists below shows insurance costs for the cheaper automobiles to buy insurance for.

Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Montana minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in specific Montana garaging location which can influence auto insurance rates considerably.

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Montana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rates do not factor in zip code location which can lower or raise premium rates considerably.

Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Montana minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rate information does not factor in specific zip code location which can alter price quotes significantly.

When shopping for the cheapest insurance for high mileage drivers, one of the many considerations that control the policy price is where your residence is in Montana. Areas with more people or higher crime rates like Columbia Falls, Whitefish, and Kalispell tend to pay more, whereas less populated areas have the benefit of the cheapest car insurance for high mileage drivers in Montana.

The next table displays the more expensive cities in Montana for high mileage drivers to purchase car insurance in.

Table data uses comparative as vehicle location can impact rates significantly.

The information below illustrates how choosing a deductible can increase or decrease insurance prices when getting quotes for cheap insurance for high mileage drivers. The rate quotes are based on a married female driver, full physical damage coverage, and no policy discounts are applied.

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In the chart above, a 50-year-old driver could lower their policy premium by $534 a year by switching from a $100 deductible to a $500 deductible, or save $804 by using a $1,000 deductible. Even younger insureds, like the age 20 example, could lower their rates $1,322 or more by choosing a larger deductible amount. When raising deductibles, it is important to have emergency funds available to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Does it make sense to buy full coverage?

Finding the cheapest car insurance for high mileage drivers in Montana is the goal of most drivers, and one way to find cheaper insurance is to buy only liability coverage. The chart below shows the difference between yearly insurance costs with liability coverage only compared to full coverage. The data is based on no claims or violations, $500 deductibles, single marital status, and no discounts are factored in.

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If the expense is averaged for all age categories, physical damage insurance costs $2,715 per year more than insuring for liability only. Many drivers may wonder when is it a good idea to stop buying full coverage. There is no exact rule for excluding comp and collision coverage, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

There are a few cases where only buying liability is not a good plan. If you still have a loan on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

How to find the cheapest car insurance for high mileage drivers

The list below summarizes some thrifty suggestions that can help you locate low-cost car insurance.

• Safer vehicles generally have cheaper insurance rates
• Do not pay for comprehensive and collision coverage on older vehicles
• Multi-policy discounts save money
• Higher deductibles save money
• Good credit can help you save money
• Avoid filing small claims
• Keep rates low by shopping around frequently

The last suggestion is incredibly necessary, as we hit on in the prior article. Coverage prices change a lot, so drivers shouldn’t be reluctant to buy a policy from a new company if you find a better deal. Many drivers prefer to stick with one company, but it’s not recommended if it’s costing you money that could be going to better use. In just a few minutes you could compare rates to find cheaper car insurance for high mileage drivers.