UPDATED: Mar 13, 2020
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Cheap Car Insurance in Bozeman, MT
Are you looking for inexpensive auto insurance in Bozeman, Montana? From AutoInsuranceEZ.com, you could find the lowest cost insurance premiums locally. To acquire free car insurance estimates from the best providers now, provide your zipcode in the quote box in this posting.
Bozeman, MT falls along what was once the Bozeman Trail, a road towards western US settlement founded by John M. Bozeman in the mid-19th century. In the early 21st century Bozeman received the “All American City” award from the National Civic League. Current and potential college students might know Bozeman as the home of Montana State University – Bozeman. Interested in finding out more about Bozeman? Click here!
- Fun fact: Did you know that Bozeman was once known as the “Valley of Flowers” by the Native Americans?
Auto Insurance Coverage Requirements in Montana
Driving legally in Bozeman requires:
|Bodily Injury Liability||25,000/50,000||100,000/300,000|
|Property Damage Liability||10,000||50,000|
|Uninsured Motorist Bodily Injury||Not required||25,000/50,000|
|Medical Payments||Not required||5,000|
|Collision||Not required||500 deductible|
|Comprehensive||Not required||250 deductible|
Compared to other states, the bare minimum requirement for legal driving status in Montana is fairly small. However, purchasing bare minimum coverage only protects you in certain situations, and even then you may still be held financially liable for what your provider won’t pay out.
Astoundingly, average monthly premiums in Montana can run as high as $168 for most drivers. But living in Bozeman comes with certain advantages – and one of those advantages is that drivers in your area could lower their monthly premiums down to $28/mo* or less!
There are certain car insurance providers in Montana (namely State Farm, National Farmers Bureau, and Cal Casualty) who are trying to attract business by offering some of the lowest rates in Bozeman. But remember, low rates aren’t everything when it comes to insurance. Customer service and claims are important factors, too.
Insurance providers contemplate numerous factors when establishing insurance rates, among them driving experience, geography, occupation, years of driving experience, and multiple cars and drivers. Also keep in mind that premiums can vary from company to company. To find out if you are still paying the cheapest cost, evaluate price quotes over the internet.
Major Car Insurance Factors in Bozeman
There are many ways that your car insurance rate may be determined. But not all of it is out of your control; there are things you can do in order to impact which discounts you are entitled to obtain. Listed here are a few of these components in greater detail:
Your Zip Code
Your car insurance rates could vary based on the spot where you call home. In general, highly populated urban centers have higher car insurance rates as the extra number of car owners on the highway raises the chance of a collision! The population of Bozeman is 39,860 and the normal household earnings are $49,661.
Thankfully, fatal accidents in Bozeman are quite low, especially when compared with other areas of the state. This means that you might already be getting a more favorable monthly premium, just for living where you live. Providers often charge less for motorists who live in towns with safe roads.
Auto Thefts in Bozeman
Residing in a big urban center (Chiefly any having a high rate of crime) increases your probability of being a victim of auto theft. In cases where your regular locale has higher rates of claims for theft, you are likely to spend more for auto insurance to counteract these prices. The full number of stolen vehicles in Bozeman dropped to 52 during 2013. Since auto theft rates are so low in Bozeman, you might be able to save money each month by altering your Comprehensive deductible.
Your Credit Score
On average, drivers who have poor credit are paying about twice as much as someone with an excellent credit score. Some companies are more forgiving than others, however, and it may be worth shopping around if your credit is less than perfect.
Older drivers are less likely to get into an accident due to their extensive driving experience, and are charged lower rates as a result. Younger drivers, especially teenagers, are a different story. You might be able to qualify for a Good Student or driving class discount, but your rates will still likely be high.
Your Driving Record
Having a clean driving record can get you some serious discounts on your auto policy. Unfortunately, for most drivers, avoiding the occasional speeding ticket or minor accident is easier said than done. That’s why competitive companies are offering Accident Forgiveness discounts to attract more business.
The expense associated with insuring a luxury vehicle has more to do with the amount of insurance you buy, rather than the vehicle itself. After all, you’re not going to cover a Ferrari or a Porsche with state minimum Liability coverage. You’re going to purchase many different coverage options, and in sufficiently high amounts to cover the cost of your vehicle.
Minor Car Insurance Factors in Bozeman
Don’t overlook these other important factors, though:
Your Marital Status
Married couples are in the best position to take advantage of the huge bundling discounts which insurance companies like to offer. And bundling your auto policies is just the beginning. You can also bundle your renters or homeowners insurance if your provider offers such policies, too.
In general, most insurance providers won’t charge drastically different premiums based on gender alone. Some companies still do, but the difference is little more than a few dollars per month. And whether this penalizes male or female drivers will change based on the company giving you the quote.
Your Driving Distance to Work
While the average commute time in Bozeman will last about 10-18 minutes, while most trips hover around the 12-14 minute range. The majority of drivers will use their own vehicle in order to get around (68%), while an additional 8-12% will likely carpool. Some (8%) even like to walk.
Vehicles insured for business or professional reasons typically cost around 11% more than the average car or truck in monthly premiums. Other similar factors, such as yearly mileage or driving to work/school, generally only raise or lower your monthly payment by a few percentage points.
Your Coverage and Deductibles
Your deductible is the small fee you have to pay before your insurance provider will pay out on Collision or Comprehensive claims. But you have the option to raise your deductible, which can lead to lower monthly payments.
Education in Bozeman, MT
With 34% of residents owning a bachelor’s degree, it is safe to say that Bozeman is a highly educated area. Additionally, 21% of residents have 1 year or more of college. If you fall into this category, you can use your education for more than just better career opportunities, or to negotiate a higher salary; you can also get cheaper rates for auto insurance than drivers with less than a college education.
The focal point of higher education in Bozeman, Montana is obviously the campus of MSU-Bozeman. Educating nearly 15,000 students each year, this public university offers students a choice of 51 Bachelor’s degrees, over 40 master’s degrees, and nearly 20 different doctoral programs.
Regrettably for most insurance providers, a super easy search on the internet could uncover so many of their business techniques. But even using the right information, it may still be challenging for you as an individual to determine your risk user profile and find affordable insurance. Make sure you perform your own due diligence before you commit to your subsequent auto insurance policy.
How We Conducted Our Car Insurance Analysis
*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.
You could assess YOUR car insurance risks by simply typing in your Zip Code into the calculator below.