Coverage Watch does not have a financial relationship with any car insurance companies and quote providers. Everything displayed on the site is completely free from bias and based on legitimate data.

Get Cheap Car Insurance in Loma, MT

We monitor insurance prices, helping the average driver in Loma save up to 33.6% on car insurance.

 

Start Saving

;

The Cheapest Minimum Coverage in Loma

The chart below shows the cheapest car insurance company in Loma for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through State Farm, followed by Travelers, Progressive, and Midvale Home & Auto.

 
Loma Insurer Monthly Cost
State Farm $44
Travelers $48
Progressive $50
Midvale Home & Auto $54

Savings for Every Kind of Loma Driver

The table shows how much the average auto insurance customer in Loma might save by following our recommendations.

Based on our extensive insurance data, we know the average Loma driver will save about 25% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, and age. The average driver will find themselves saving $411 per year by choosing the right vehicle insurance company. Some Loma residents are paying out over $1,644 extra every year for auto insurance in Loma. That cost may be even higher if you haven’t requested a new quote as your life situation changed.

Situation
Loma, MT Savings / Yr.
Drivers with good records
$411
Drivers with accidents
$733
Drivers with speeding tickets
$586
Drivers with a DUI conviction
$858
Young drivers
$1,867
Married drivers
$0
Drivers with bad credit
$723

Loma Car Insurance vs. Montana

People living in Loma pay an average of 1.48% more than the typical driver in the state. The average driver in Loma can expect to pay about $782 per year, or $1,644 for full coverage.

Based on our analysis, Travelers will be the cheapest provider in Loma for most people.

Car Insurance Prices by Loma Neighborhood

Loma, MT map of insurance costs by zip code and neighborhood

Insurance Prices

More expensive
Average
Less expensive

Where is insurance cheapest within Loma?

The map shows insurance prices in and around Loma, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $34 per year within the city boundaries, with insurance premiums ranging from a high of $1,650 to a low of $1,616. Insurance prices tend to be higher for those living in the Central area, and lower for those with homes in the South parts of Loma.

Pick the Best Car Insurance Company for You in Loma

We have analyzed insurance costs for auto insurance customers based on the major variables that impact pricing. The results of our analysis are below, including US dollar savings. What about when you meet one or more of the criteria? For example, if you have both a DUI and a speeding ticket? Simply start with the Loma insurance provider for whom we have posted the highest savings dollar figure.

The best car insurance provider for most drivers in Loma

For drivers with clean driving records and no major strikes, Travelers is the best option, with annual savings of $411 over the average Loma car insurance company.

Visit Site

We use the average good driver, paying $103 per month, as our baseline for pricing in Loma. State Farm, Travelers, and MetLife are all good choices for quotes if you have a clean record.

The best car insurance provider for Loma drivers with accidents on their records

In Loma getting into an accident will raise premiums an average 32% for a yearly cost of $2,427. That's $783 per year more than a driver with no at-fault crashes on their driving record might pay. To avoid paying out more than you need to, State Farm, Progressive, and Travelers are good choices for drivers with accidents.

In our analysis, State Farm saved the average person who had been in an accident the most, with annual savings averaging $733 over the competition.

Visit Site

The best car insurance company for Loma drivers with speeding tickets

>State Farm gave the average person with a speeding ticket the most savings, averaging $586 better than other car insurance companies.

Visit Site

Depending on the insurance company, a speeding ticket can actually raise insurance premiums more than getting in an accident. In Loma, tickets raise premiums on new quotes about $497. If you have a speeding ticket, we recommend State Farm, Geico, and Travelers for savings that beat the average insurance cost of $2,141 per year.

The best auto insurance for Loma drivers with a DUI conviction

Getting a DUI can increase the cost of insurance dramatically. The average person with a DUI paid $2,790 per year in auto insurance premiums, which was $1,146 more than a driver with no major issues. State Farm, Progressive, and Safeco Insurance penalized their customers the least for a DUI.

Getting a quote from State Farm may cost the average person with a DUI about $858 less each year.

Visit Site

The least expensive car insurance company for new and young drivers in Loma

In Loma, State Farm costs young drivers $1,867 less each year versus the average auto insurance bill.

Visit Site

Teen drivers account for more than their share of accidents, and thus end up paying about 70% more for insurance than more mature drivers in Loma. With an average cost of $5,554 per year (for young drivers who aren't on a parent's plan), car insurance for inexperienced drivers can’t ever be called "cheap." A few companies like State Farm, Geico, and Nationwide try to attract these younger drivers with lower prices in the hopes that they will stay with the company.

The best marriage discounts for vehicle insurance in Loma

The state of Montana does not allow marriage discounts, so the prices are unchanged if you are married

The cheapest car insurance in Loma for drivers with bad credit

People with poor credit saved an average of $723 with Travelers.

Visit Site

Many people are surprised that their poor credit score can cost them an average of $1,043 every year. Premiums for people with poor credit were about $2,687 in Loma. However, some insurance companies do not take credit score into account. If you have a credit score below 575, get quotes from State Farm, Geico, and Travelers.

The best Loma car insurance company for customer service

Many car insurance companies over the years have struggled with customer service. In Loma, the National Association of Insurance Commissioners (NAIC) ranks Nationwide as the best. Another valuable metric: JD Power ranks State Farm as the best provider in Loma.

Nationwide was the best company for customer service in Loma according to the NAIC.

Visit Site

Recent price drops

Due to improvements in our tracking and methodology, we are unable to show price change data for the most recent year. This data will return next year (2023).

In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in Loma, which was better than other insurers.

Visit Site

During the Covid-19 pandemic a few insurance companies realized people were driving less and struggling overall. They proactively lowered their rates for many customers in Loma. We think helping communities in a time of need deserves special attention. Many insurance companies have advertisements telling us how much they care: we prefer to look at their actions.

The cheapest large national provider in Loma

Many customers have informed us that they prefer to work with large national brands. Maybe they're one of the 26% of Loma residents who are renting, and don't plan to be in the city or state for very long. Or maybe national recognition and funds make people feel more secure with a large provider. Regardless, Travelers tends to have the lowest prices for most drivers.

For customers who prefer to work with large national providers, we recommend Travelers for pricing. The average Loma driver can expect to pay about $101 per month.

Visit Site

What About USAA?

JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In Loma, USAA has the best prices for young drivers, drivers with speeding tickets, drivers with accidents, good drivers, drivers with bad credit, and drivers with a DUI conviction.
Get USAA (An excellent choice if you qualify)

Auto Insurance Prices in and Around Loma

What Influences the Cost of Car Insurance in Loma?

On average, car insurance in Loma is more expensive than the rest of the state. These high prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the city are influenced by the following factors:

  • The average commute time in Loma is 25 minutes, which is about the national average for a driver in the state.
  • Montana state insurance regulations may require higher prices.
  • An average of 15 to 16 weeks with snow on the ground, which impacts accident rates.
  • Vehicle theft rates in the area are very high, with a Vehicle Theft Crime Grade of C according to CrimeGrade.org.
  • Loma is a fairly densely populated area in the state. The city’s density could result in a price increase for drivers.

As a result of these and other factors, the average cost of car insurance in Loma is $65 per month for minimum coverage and $137 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.

Car Insurance in Nearby Cities

Cities with Similar Populations

* Who is the average Loma driver? Based on national demographic data provided by BestNeighborhood, we took a single unmarried man living in central Loma with good (but not perfect) credit driving a used midsized sedan. Data sources: proprietary data collection and analysis, unique to CoverageWatch.org All content copyright CoverageWatch.org. Journalists and other websites are free to cite any data with attribution.