Billings ,MT Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Billings, MT homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Billings, MT is $1604. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Billings, MT. VHome Insurance will help you navigate the world of homeowners insurance coverages in Billings, MT.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $642 |
| $200,000 | $1,091 |
| $300,000 | $1,347 |
| $400,000 | $2,053 |
| $500,000 | $2,582 |
Home insurance costs in Billings can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 059106 | $2,258 |
| 59102 | $2,138 |
| 59101 | $2,097 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Billings, MT, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,645 |
| $1000 Deductible | $1,471 |
| $1500 Deductible | $1,387 |
| $2500 Deductible | $1,251 |
| $5000 Deductible | $1,059 |
| Home Insurance Company Near Billings, MT | Homeowners Insurance Agency Near Billings, MT | Address |
|---|---|---|
| NA | Key Insurance Of Roundup Inc | 437 Main Street, Roundup, MT, 59072 |
| State Farm | Ed Smith | 1655 Shiloh Rd Ste B, Billings, MT, 59106-1726 |
| Farmers | George Schmalz | 1211 24th St W Ste 5, Billings, MT, 59102 |
| Allstate | Mandeville Insurance | 130 S PRATTEN ST, COLUMBUS, MT, 59019 |
| Allstate | Peggy D. Schneider | 2646 Grand Ave Ste 3, Billings, MT, 59102 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Lockwood CDP, Montana | $96 | $127 | $191 |
| Laurel CCD, Yellowstone County, Montana | $97 | $129 | $194 |
| Shepherd CCD, Yellowstone County, Montana | $97 | $129 | $193 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Billings, MT | 5.1% | 16.7% |
| Lockwood | 6.34% | 17.73% |
| Laurel | 4.87% | 16.5% |
| Shepherd | 4.51% | 14.97% |
| 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 |
| Streets in Billings Area | Homeowners Insurance Cost |
|---|---|
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Billings | $115 to $117 |
| Lockwood | $114 |
| Laurel | $116 |
| South Yellowstone | $117 |
| Home value ($) | Age of home (years) | Pets | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 180,000 | 40 | NA | Allstate Vehicle & Property Ins. Co. | 1,511 |
| 300,000 | 5 | Miniature poodle | Allstate Vehicle & Property Ins. Co. | 1,346 |
| 350,000 | 50 | NA | Allstate Vehicle & Property Ins. Co. | 1,664 |
| 180,000 | 40 | NA | Csaa Insurance Group | 1,227 |
| 250,000 | 20 | Golden retriever | Farmers Insurance Exchange | 2,216 |
| 250,000 | 20 | Golden retriever | Safeco Insurance Co. Of America | 1,338 |
| 300,000 | 5 | Miniature poodle | Safeco Insurance Co. Of America | 1,593 |
| 180,000 | 40 | NA | State Farm Fire And Casualty Co. | 2,337 |
| 250,000 | 30 | Labrador retriever | Usaa Casualty Insurance Co. | 1,186 |
| 300,000 | 5 | Miniature poodle | United Services Auto Association | 838 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $1,800 |
| Yearly Billings Homeowner Insurance Premium Example | $1,200 | $1,000 |
| Out of Pocket Expense During Claim | $800 | $1,800 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $10,400 | $9,800 |
| Net Savings to Billings Home Owner from High Deductible Plan | $600 | |
| Scenario | Billings, MT Home Replacement Value MORE than Home Value | Billings, MT Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $292,000 | $177,000 |
| Insurance Premium based on Replacement Value | $1,225 | $750 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $68,500 | Risk Exposure from Under Insuring Coverage is $46,500 |
| Premium Impact | Insurance cheaper by $200/year | Insurance costlier by $275/year |
| Insurance Company | Liberty Mutual | Allstate | Travelers |
| Monthly Premium | 123 | 44 | 49 |
| Year Built | 1993 | 1981 | 2010 |
| Home Details | 5 Beds, 4 Baths | 3 Beds, 1 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $350000-$400000 | $125000-$150000 | $150000-$175000 |
| Deductible | $2500-$5000 Deductible | $2500-$5000 Deductible | $1000-$2500 Deductible |