Home Insurance Rates in Missoula, Montana, Differ by About $740

By: Ramu Garuda October. 01, 2018

Gavop’s recent study of home insurance prices in Missoula, Montana, shows that a typical home in the city is valued at $234,500, the median insurance cost is $1,340, and the savings between the 25th and 75th percentile in insurance premiums is $740.

Missoula is located next to the Clark Fork River that runs through the state of Montana, and the population of the city is about 74,000. To provide an overview of the home insurance market, Gavop studied typical home values, median insurance rates, and the home insurance savings between the 25th and 75th percentile of premiums in Missoula and in 9 places located within its 50-mile radius. Typical home values in this area range between $60,000 and $242,800.

Of the 9 places, Frenchtown and Wye shows the highest savings of $780, a typical home value of $242,600, and a median home insurance premium of $1,410. Evaro offers a potential saving of $640 ($100 less than that of Missoula), a typical home value of $239,300, and a median insurance value of $1,170. In Seeley Lake and Blackfoot Valley, residents can save $620 by choosing the 25th percentile premium instead of the 75th percentile one. A typical home in the area costs $242,800, and a median home insurance premium costs $1,120. In Florence, residents can save about $570. The typical home value here is $235,300, and the median insurance is $1,040. In East Missoula, the savings can touch $440, a typical home is valued at $186,200, and the median home insurance is $800.

The following graph compares the median, the 25th, and the 75th percentile of home insurance premiums in places within a 50-mile radius of Missoula.

The following table lists typical home values, median home insurance premiums, the 25th and 75th percentile of insurance premiums, and the potential savings between the two for 10 places within a 50-mile radius of Missoula, Montana. It also lists the values for the county and the state.

Place Typical Home Value Median Home Insurance Cost 25th Percentile 75th Percentile Potential Savings & Difference between 25th & 75th Percentile Montana $183,000 $990 $750 $1,300 $550 Missoula County, MT $238,100 $950 $720 $1,240 $520 Missoula, MT $234,500 $1,340 $1,020 $1,760 $740 Frenchtown and Wye, MT $242,600 $1,410 $1,070 $1,850 $780 Evaro, MT $239,300 $1,170 $890 $1,530 $640 Seeley Lake and Blackfoot Valley, MT $242,800 $1,120 $850 $1,470 $620 Florence, MT $235,300 $1,040 $790 $1,360 $570 East Missoula, MT $186,200 $800 $610 $1,050 $440 Alberton, MT $186,600 $780 $590 $1,020 $430 Maxville, MT $146,900 $690 $520 $900 $380 St. Ignatius, MT $112,100 $660 $500 $860 $360 Old Agency, MT $60,000 $280 $210 $370 $160

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