Cheap Car Insurance for Low Income Drivers in Montana

The words “affordable” and “insurance” probably shouldn’t be used in the same sentence, especially when shopping around for the best price on coverage for low income drivers. In an attempt to save some money, let’s get started by showing you a few of the factors that help determine auto insurance rates, and come up with some ways to reduce the cost of your next policy.

Finding good, cheap auto insurance is challenging, and figuring out which company offers the cheapest car insurance rates for low income drivers will take even more perseverance. Every auto insurer uses different criteria for determining rates in each state, so let’s take a look at the car insurance companies with the overall best prices in Montana.

We do need to point out that Montana car insurance rates are based on many factors that control your annual premium. This price fluctuation is why consumers need to take the time to compare as many rates as possible when trying to find affordable car insurance rates for low income drivers. Insurance prices are impacted by many things and can decrease or increase without notice, so the best price a year ago may now be quite expensive.

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Safeco normally has some of the best car insurance rates in Montana at around $862 annually. Progressive, USAA, State Farm, and MetLife also qualify as some of the cheaper Montana auto insurance companies.

In the rate table above, if you currently have coverage with Progressive and switched to Safeco, you could see an annual premium reduction of approxmiately $109. Customers with USAA might save as much as $151 a year, and State Farm policyholders might cut rates by $207 a year.

It’s important to note that these rates are averages for all drivers and vehicles and and are not calculated with a price decrease for low income drivers. So the insurer that fits your age and vehicle best may not even be featured in the list of companies shown earlier. That underscores the importance of why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.

The make and model of vehicle you are buying coverage for is one of the biggest factors that determines whether or not you can buy cheap car insurance for low income drivers in Montana. Vehicles with reasonable performance levels, excellent safety ratings, or low incidents of liability claims will cost less to insure than fast, unsafe models.

The data below features coverage premiums for some of the cheaper automobiles to buy insurance for.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Montana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can lower or raise coverage prices greatly.

Looking at the rates, you can conclude that cars like the Ford Escape, Honda CR-V, and Ford F-150 will be a few of the cheaper vehicles to insure for poor drivers.

Insuring your vehicle with the highest-rated insurer is hard considering how many different companies sell coverage in Montana. The ranking data listed below can help you pick which coverage providers to look at purchasing coverage from. The ratings below are for the largest auto insurers in America, so smaller regional companies are not factored into this list.

Geico, Progressive, State Farm, and Allstate compared

If you’re looking for the best auto insurance, the companies with the most market share are Geico, Progressive, State Farm, and Allstate. If you combine them together, they insure about half of the entire U.S. market share. Each company has slightly different options that buyers can choose from. The next table breaks down some of the different options and features shoppers can expect to find with each one.