Understanding Montana Car Insurance
Auto insurance in Montana is required by law, will help you protect your assets, and will satisfy your financial lender.
Residents of Montana can find car insurance by visiting the Montana Commissioner of Securities & Insurance website and finding licensed insurance companies.
DID YOU KNOW??? Insurance is Montana’s 3rd largest business
Before you buy auto insurance, familiarize yourself with the following frequently asked questions about car insurance from Montana residents.
Q: Why does my insurance cost more than I thought it would?
Car insurance companies always ask the state motor-vehicle departments to verify applicants’ information. If you were dishonest or incorrect about a part of your application, this will affect your premium rates. Verify all your information before signing the application.
Q: What are the required liability limits in Montana?
Q: What is the difference between comprehensive and collision coverage?
Most auto insurance companies have lower deductibles for comprehensive coverage than for collision coverage because collisions tend to be far more expensive to pay for. If you have an older car, consider saving money by lowering your collision coverage if the deductible is higher than the worth of your car.
Q: How does my driving record affect my car insurance premiums?
Q: My car was ‘totalled’. Why didn’t my policy give me more money?
If you request it, the Montana car insurance company must provide you in writing how they determined the value of your car. Make sure they have used a fair and reasonable method of evaluation.
You may tell the car insurance company what you think your car is worth and why, and it may come down to negotiating between you and the car insurance company.
Smart Shopping for Auto Insurance in Montana
Before you buy auto insurance, you should contact several insurance agencies to find the best combination of services and quality of product. Know what you want before you speak to an agent, so you will be less likely to buy something you don’t need. Remember, the auto insurance company should provide you with helpful resources and assist you in understanding all aspects of the policies.
Shopping Tips for Car Insurance in Montana
- Alert your company of you have the following things:
- Anti-theft or other safety devices installed in your car
- Used for casual driving and not for work
- You are in a car pool or drive no more than two days per week on average
- You are a full-time student and your grade point average is 3.0 or higher
- You have had no accidents or violations
- You have successfully completed a driver’s education course
- Do your car insurance shopping well in advance of when you require auto insurance. This will give you time to get all the information you need.
- If you have been denied auto insurance coverage by other companies, do not worry. Not all companies will turn you down. You might have to find a company with higher premiums.
