Who Has Cheap Car Insurance for Low Credit Scores in Montana?

The model of vehicle to be insured is a significant factor when comparing quotes for cheap auto insurance for low credit scores. Vehicles with more horsepower, a lack of safety features, or a track record of large liability claims will cost significantly more to insure than more economical and safe models. The next lists features car insurance prices for the cheapest automobiles to insure.

Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Montana minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Premium amounts do not factor in specific location information which can lower or raise coverage rates substantially.

Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Montana minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Price information does not factor in Montana location which can increase or decrease premium rates noticeably.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Montana minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Estimates do not factor in specific garaging location which can increase or decrease rates significantly.

One of the key considerations that car insurance companies use to determine a rate quote is where you call home in Montana. Cities with larger populations or higher claim trends like Columbia Falls, Evergreen, and Polson are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims enjoy lower car insurance rates.

The next table shows the higher priced cities in Montana for low credit scores to purchase car insurance in.

Premium amounts are approximated as the specific Montana residence address can change price quotes greatly.

Determining which companies quote the cheapest insurance rates for low credit scores may require a bit more work than just quoting one company’s rates. Each company has a proprietary method to set policy rates, so let’s rank the lowest cost insurance companies in Montana.

It’s important that readers know that Montana insurance rates are influenced by many factors that can increase the policy price. Turning one year older, buying higher coverage limits, or getting a DUI can trigger rate changes that can cause some rates to be cheaper than competitors.

Best Car Insurance Prices in Montana

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Safeco may offer some of the lowest car insurance rates in Montana at around $828 a year. Progressive, USAA, State Farm, and MetLife also rank well as some of the most economical Montana insurance companies.

As shown in the rates above, if you currently have a policy with USAA and switched to Safeco, you could see annual savings of around $185. Montana drivers with State Farm could save as much as $274 a year, and MetLife insureds might lower prices by $312 a year.

Remember that these policy prices are averaged for all types of drivers and the different vehicles they drive and and are not calculated with a price discount for low credit scores. So the car insurance company that can offer the best rates for your situation may not even be featured in the above rate chart. That illustrates why you need to compare prices as often as possible using your own driver and vehicle profiles.

Full coverage versus liability only rates

Finding cheap auto insurance for low credit scores in Montana is probably important to the majority of people, and one of the best ways to lower the cost of insurance is to only pay for liability coverage. The diagram below illustrates the difference between insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Montana. The price estimates are based on no claims or driving citations, $250 deductibles, marital status is single, and no other discounts are factored in.

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As an average for all age groups, physical damage coverage costs $3,028 per year over and above liability only. That is a large expense and it proposes the question if buying full coverage is a good investment. There isn’t a steadfast formula for phasing out comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

There are a few cases where buying only liability insurance is not recommended. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

Ending up with a highly-rated insurance provider is difficult considering how many different companies there are to choose from in Montana. The company ratings shown next may help you select which auto insurers you want to consider shopping prices with.

The rankings below are only made up of companies that insure vehicles across America, so companies that have a smaller presence will not be included in these rankings. If you wish to compare prices from these companies and more, follow this link.

Top 10 Major Auto Insurance Companies in Montana Ranked by A.M. Best Rating

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. The Hartford – A+
6. Esurance – A+
7. Progressive – A+
8. Allstate – A+
9. Nationwide – A+
10. The General – A-

Top 10 Major Auto Insurance Companies in Montana Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. The General
5. State Farm
6. AAA Insurance
7. Nationwide
8. Allstate
9. Esurance
10. 21st Century

State Farm, Geico, Allstate, and Progressive: Who is best?

When buying auto insurance for bad credit, four of the best places to start are State Farm, Geico, Allstate, and Progressive. The following table shows ratings for price, service, and claims, in additional to some of the optional coverages that may be available in Montana.