Home Insurance in Terry, Montana
Homes in Terry carry a median value of $137,200 - 17% lower than the Prairie County median.
The typical home in Terry was built around 1956. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 58% of homes were built before 1960, about 4 points above Prairie County's 54%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Terry is 82% single-family homes, 2% apartments in buildings with 5+ units and 16% mobile or manufactured homes.
In Terry, about 27% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 95% of occupied homes in Terry are owner-occupied. The vacancy rate is 28%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Terry, 95% of homes are primarily heated with natural gas.
FEMA rates Prairie County's overall risk as Very Low, led by wildfire (Very Low). Prairie County has no active NFIP flood policies on file. See the full Prairie County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Montana is $1,768 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $137,200 |
|---|---|
| Median year built | 1956 |
| Owner-occupied share | 95% |
| Share of owner-occupied homes with a mortgage | 27% |
| Top county hazard | Wildfire (Very Low) |
| Home insurance premium | $1,768 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)