Montana variant. This is a Montana-specific version of the Homeowners Insurance Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Homeowners Insurance Estimator.
Homeowners insurance in Montana typically runs about 0.30%–0.40% of home value per year. On the $470,000 median home, that's roughly $1,645 annually.
What Montana homeowners insurance covers
Premiums fund dwelling coverage, personal property, liability, and loss of use. Montana's $470,000 median home value sets the baseline dwelling coverage and therefore the premium.
Local risk - wildfire, hurricane, hail, flood - drives big swings. Flood is separately insured. Use the estimator to refine the Montana average for your build cost and deductible.
About taxes and housing in Montana
Montana levies a state income tax with a top marginal rate of roughly 5.9%, but it imposes no general statewide sales tax.
Montana property taxes are relatively low at an effective rate near 0.74%, with median home values around $470,000.
Montana's economy leans on agriculture, ranching, energy, and a growing tourism sector centered on its national parks and public lands.
Worked example: $470,000 home
$470,000 × 0.35% ≈ $1,645/year ($137/month). Replacement-cost coverage, not market value, ultimately sets the premium - land value is excluded.
Quick reference
- State income tax: 4.7-5.9% across 2 brackets
- State sales tax: 0% (plus 0.00% avg local)
- Median home value: $470,000
- Median household income: $66,341
- Effective property tax rate: 0.74%
- Avg auto insurance: $1,471/yr
Frequently Asked Questions
How much is homeowners insurance in Montana?
Roughly $1,645/year on the $470,000 median home, varying with local catastrophe risk.
Does homeowners insurance cover floods in Montana?
No - flood coverage is purchased separately through the NFIP or private insurers.