Billings Insurance Rates:

Billings, MT home insurance is roughly $657 to $888, about $54-$74/month. Our exhaustive guide reveals consumers can save as much as $309 by comparing multiple quotes

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Billings Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
American Family Insurance
Home Insurance Rate of $440/4 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $290,000

4 Beds, 4 Bath 2380 sqft Vacation Property Constructed In 1963 with Ceramic Tile Flooring, Shingles Roof, Chainwall Foundation, Wood siding, Brick Frame. Home Features Include Copper Water Pipes, Central Air Conditioning, Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

43 Years old Divorced Female who is a Freelancer with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $80/2 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $85,000

2 Beds, 2 Bath 920 sqft Rental Property Constructed In 1979 with Wood Flooring, Asphalt Shingles Roof, Piers Foundation, Wood siding, Stucco Construction. Home Features Include Smoke Alarm, Indoor Sprinklers, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

23 Years old Single Male who has a Full Time Job with household income of $75-$100,000 and has No Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $230/3 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $175,000

4 Beds, 4 Baths 1750 sqft Primary Residence Constructed In 1995 with Carpet Flooring, Metal Roof, Piers Foundation, Vinyl siding, Wood Frame. Home Features Include Fireplace, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

71 Years old Single Female who is Unemployed with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $330/4 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $215,000

4 Beds, 4 Baths 1790 sqft Rental Property Constructed In 1975 with Wood Flooring, Slate Shingles Roof, Chainwall Foundation, Wood siding, Metal Frame Construction. Home Features Include Indoor Sprinklers, Central Air Conditioning, Fireplace, Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

30 Years old Single Male who is a Freelancer with household income of $100-$150,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

Billings, MT Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
59106 $294,500 $820
59102 $180,100 $780
59101 $146,900 $770

Billings Rates & Quotes Analysis:

Billings Area Estimated House Insurance
Northridge Cir, Sanford St, Discus Cir, Nordbye Ln, Highwood Cir, Southgrove Pl, Claim Jumper Ln, Juneau Dr, Tepee Trl, Park Ridge$755
Goldstrike Dr, Conway St, Ronan Dr, Wendimere Ln, Wild Rose Ave, S Lakeview Dr, S 34th St, S 23rd St, Beverly Ln, Irving Pl$783
Brook Hollow Dr, Industrial Ave, Harmon Ln, Yellowstone River Rd, Full Moon Dr, Lamar Dr, Granger Ave S, Lily Valley Cir, 22nd St W, Swallow Ln$787
Park Ln, Breeds Hill St, McDougall Dr, Fair Park Dr, Centennial St, Smokey Ln, Kluge Ln, Coach Cir, Maywood Dr, Flora Ave$777
Maine St, Greenspring Pl, Colt Trl, Concord Dr, 6th St W, Governors Blvd, Augsburg Drive A, Belknap Ave, Alta Vista Ave, Angel Ln$785
River View Dr, Wentworth Dr, Saddle Ln, Bridle Path Rd, S 33rd St, Carbon St, 27th St W, Waverly Dr, 11th Ave S, Golf Dr$783
Chancery Ln, Terminal Cir, Labrun Ln, S Daffodil Dr, Weil St, S 22nd St W, 11th St W, Pryor Ave, Stinson Ave, Becraft Ln$766
Old Hwy 87, S Mariposa Ln, Millice Ave, N 7th St, Castle Stone Ave, S 27th St, Ruby Range Way, Mecca Dr, Wingate Ln, Swan Ln$808
Thrush St, Westlake Cir, 16th St W, Belknap Ave, Monroe St, 38th St W, Overland Ave, State Ave, 10th Ave S, Ashley Ct W$761
Grecian Way, Nimitz Dr, Vida Ln, Dorothy Ln, 8th Ave N, Surrey Cir, Summerwood Cir, Pemberton Ln, Highwood Dr, Big Sky Country Cir$797

Insurance rates are influenced by a number of factors including:

  • Year Built: 6,095 Homes (12% of total homes ) built between 1980 to 1989 in Billings are paying home insurance between $1,153-$1,165. Places close to Billings, MT such as South Yellowstone, Northwest Yellowstone, East Carbon are more expensive by $14, $25, $18 respectively while Lockwood and Huntley are cheaper by $13 and $43 respectively for similar homes.
  • Bedrooms: 14,986 3 bedrooms homes (31% of total homes ) in Billings are paying about $433. Areas near to Billings such as East Carbon, Frannie(WY), Deaver(WY) are costlier by $7, $44, $52 respectively whereas Lockwood and Laurel are more economical by $12, $5 respectively for similar homes.
  • Auto Insurance Bundling: 8,589 Households (29% of all households) in Billings have 3 or more vehicles available and when it is bundled with home insurance you can save $193. Discounts for similar bundling in close by locations such as Lockwood, Laurel, Shepherd come to $191, $194, $193 respectively.
  • Senior Discounts: 14,635 seniors (more than 55 years) occupied housing units (49% of total) in Billings get discounts between $115 to $117 and differs from Lockwood ($114), Laurel ($116), South Yellowstone ($117).
  • New Homes discounts: New homes such as the 18,763 homes built between 2000 to 2009 in Billings can save $154 and similar new home insurance discounts in nearby towns and cities like Lockwood, Laurel and Shepherd are $152, $155 and $154 respectively.

Billings Homeowners insurance Facts

  • Billings, MT has 29,444 owner occupied houses which is 64.7% of all units whereas Lockwood, Laurel and Shepherd have 80.74%, 77.33% and 92.07% respectively.
  • Billings, MT homeowners yearly insurance price at $773 is 0.44% of the typical house value of $174,000 which is in contrast with 0.52% in Lockwood, 0.4% at Laurel & 0.43% in Shepherd.
  • Homeowners in Billings, MT pay 1.03% of their income ($75,000 or more) in insurance whereas homeowners in Lockwood, Laurel and Shepherd pay 1.02%, 1.04% and 1.03% respectively.
  • Billings, MT’s insurance is 5.1% of monthly housing costs of $1,256/month, for owners with a mortgage compared to 6.34% in Lockwood, 4.87% at Laurel & 4.51% in Shepherd. But, for households without a mortgage, insurance is 16.7% of costs ($386 in Billings, MT) in contrast with 17.73% in Lockwood, 16.5% at Laurel & 14.97% in Shepherd.

Billings, MT Home Values & Insurance rates

For example, insurance for 285 Homes (1.0% of total homes ) valued between $70,000 to $79,999 in Billings, MT is about $332. Rates in nearby areas in such as Laurel, Shepherd, Northwest Yellowstone are cheaper by $37, $7, $88 respectively while Huntley and Park City are costlier by $374 and $50 respectively for similar homes.

Billings, MT Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 2,656 9.0% $108
$50,000 to $59,999 330 1.0% $231
$60,000 to $69,999 348 1.0% $286
$70,000 to $79,999 285 1.0% $332
$80,000 to $89,999 422 1.0% $371
$90,000 to $99,999 412 1.0% $417
$100,000 to $124,999 2,270 8.0% $486
$125,000 to $149,999 3,218 11.0% $610
$150,000 to $174,999 4,981 17.0% $718
$175,000 to $199,999 4,389 15.0% $827
$200,000 to $249,999 4,641 16.0% $997
$250,000 to $299,999 2,519 8.0% $1221
$300,000 to $399,999 1,745 6.0% $1553

Renters Insurance in Billings

  • Average Renters Insurance in Billings :  $190($15/month)

  • Median Gross Rent in Billings :  $707

  • Billings Renters Insurance to Median Rent Ratio:  2.12%

  • Renter occupied housing units in Billings :  16,091

Billings Renters Insurance as a Percentage of Rent

Billings Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 371 2.0% $347
$200 to $299 621 3.0% $797
$300 to $499 2,102 13.0% $1247
$500 to $749 5,772 36.0% $1922
$750 to $999 4,348 27.0% $2672
$1,000 to $1,499 1,769 11.0% $3797
$1,500 or more 628 4.0% $5447

Rent Affordability in Billings:

Approximately 37.0% (5,987) of households are spending more than 35% of their income on gross rent in Billings

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,837 11.0%
15.0 to 19.9 percent 2,338 14.0%
20.0 to 24.9 percent 2,310 14.0%
25.0 to 29.9 percent 2,124 13.0%
30.0 to 34.9 percent 1,495 9.0%
35.0 percent or more 5,987 37.0%

Billings Renters Insurance Discounts:

Billings Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Billings, MT Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 7,688 47.0% $19.0
2 vehicles available 4,808 29.0% $28.5
3 or more vehicles available 1,460 9.0% $38.0

Protective device discount in Billings Up to :  $28

Claims-free discount in Billings Up to :  $38