Troy Auto Insurance Rates, Quotes, Agents & Reviews in TN

Troy, TN Auto Insurance Rates, Quotes, Agents & Reviews

Zimlon, through its research, found that car owners in Troy, TN, can avail multiple discounts on car insurance by taking various factors into consideration. These factors are explored in detail by Zimlon in the analysis below.

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Factors Influencing Car Insurance Rates in Troy, TN

The average cost of auto insurance in Troy, TN, is $1,393. Car insurance protects you financially in the event of an accident. It covers the cost of repairs to your vehicle and the other driver's vehicle and any medical bills incurred as a result of the accident. If you cause an accident, car insurance also covers the cost of any legal fees incurred by the other driver. In Troy, TN, car insurance is required by law. All drivers must carry minimum liability insurance to be legally allowed to drive on the roads. Failure to comply with this law can result in hefty fines and even the loss of your driver's license.

Many different factors affect the cost of car insurance. The type of vehicle you drive, your driving record, your age, where you live, and even your credit score can all play a role in determining your premium. However, one of the most important factors is the amount of coverage you purchase. Zimlon has researched the variables that affect car insurance premiums in Troy, Tennessee. Comparing these variables can help you get the best offer and discounts.

1. Credit History

Your credit history is important when it comes to your car insurance rate. Here’s why auto insurance companies use your credit score as an important factor in calculating your premium. The thinking is that people with lower credit scores are more likely to file claims, and those claims cost the insurer money. So, if you have a poor credit score, you can expect to pay more for your car insurance. In fact, you may even be denied coverage by some insurers. For instance, in Troy, Tennessee, car owners with exceptional credit must pay $1,195 for car insurance, while those with bad credit must pay $2,272.

2. Age of the driver

The age of the driver can influence  the car insurance rates in Troy, TN. If the driver is a young person, they will likely have to pay a higher rate than an older and more experienced driver. This is because young drivers are considered to be a higher risk on the road. They are more likely to drive recklessly on the road and make mistakes that could lead to accidents. For this reason, insurance companies charge them higher premiums. For example, in Troy, TN, teenagers pay $4,520 on car insurance, whereas old drivers aged 40 years, pay $1,326. No matter your age, it is always a good idea to shop around for car insurance. There are many different companies out there; each has its own factors to determine auto insurance rates in Troy, TN. This means that some companies may be cheaper than others for drivers of all ages. It is always a good idea to get quotes from a few companies before making a decision.

3. Driving Habits

A person's driving record is one of the many factors that can influence their car insurance rates. A clean driving record usually leads to a lower insurance rate, while a record with accidents or traffic violations can lead to a higher rate. Insurance companies use a person's driving record to indicate how likely they are to have an accident, and the rates are set accordingly. Therefore, it is essential to avoid traffic infractions to obtain affordable auto insurance in Troy, TN. For instance, drivers who run a red light or operate a vehicle with an expired license must pay +$325 and +$939 extra on the total cost of car insurance in Troy, TN.

Factors that can influence the cost of car insurance in Troy, TN are listed below. It is imperative to understand these factors in order to reduce the cost of car insurance. It is also essential to strike a balance between the cost of insurance and the coverage requirements.

Troy, TN Auto Insurance Rate Comparisons with Neighboring Locations | Back to Top

The following table compares the cost of insurance in Troy, TN with that of other cities in and around Troy.

Troy Union City Obion County Rives Obion Woodland Mills
Average Insurance Rates $1,393 $1,394 $1,394 $1,371 $1,382 $1,404

Troy, TN Auto Insurance Rates vary Based on Deductibles in Neighboring Cities | Back to Top

The following table makes a comparison of the variation in car insurance rates in and around Troy, TN based on the change in deductibles. A higher deductible leads to a decrease in the cost of car insurance.

Location Low Deductible ($500) High Deductible ($1000)
Troy $1,353 $1,143
Obion County $1,453 $1,228
Obion $1,400 $1,182
Rives $1,886 $1,593
Hornbeak $1,551 $1,310
Union City $1,480 $1,250
Woodland Mills $1,420 $1,200
Trimble $1,371 $1,158

Troy, TN Auto Insurance Rates Based on the Age of the Driver | Back to Top

Teenagers in Troy, TN usually pay a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.

Age of Driver Insurance Cost
Teens $4,520
20 Years $1,790
30 Years $1,379
40 Years $1,326
50 Years $1,228
60 Years $1,245
70 Years $1,450

Troy, TN Car Insurance Discounts for Multi-Car Insurance | Back to Top

Car owners in Troy, TN can obtain discounts if they insure multiple vehicles with the same insurer. The average savings one can obtain are as follows:

Number of Cars Auto Insurance Cost Total Savings
2 Vehicles $2,396 $390
3 Vehicles $3,594 $585
4 Vehicles $4,792 $780

Savings on 2 Vehicles bundle:$390

Savings on 3 Vehicles bundle:$585

Savings on 4 Vehicles bundle:$780

Troy, TN Post- DUI Auto Insurance Rates | Back to Top

Driving Under Influence (DUI) can be an added burden on your wallet. The cost of auto insurance will go up post-DUI. The below graph does a comparison of auto insurance rates before and after DUI in and around Troy, TN.

Location Average Insurance Cost Post DUI Insurance Rate
Troy $1,393 $2,495
Obion County $1,394 $2,497
Obion $1,382 $2,476
Rives $1,371 $2,456
Hornbeak $1,367 $2,449
Union City $1,394 $2,497
Woodland Mills $1,404 $2,515
Trimble $1,370 $2,454

Troy, TN Auto Insurance Rates Based on Credit Score | Back to Top

Car insurance companies can use the Credit Score of car drivers to determine car insurance rates. Car drivers with good credit can avail of substantial discounts on car insurance rates.

Credit Score Insurance Cost
Exceptional (800-850) $1,195
Excellent (740-799) $1,364
Good (670-739) $1,452
Average (580-669) $1,894
Poor (300-579) $2,272

Troy, TN Auto Insurance Agents | Back to Top

Car owners can obtain quotes from multiple auto insurance companies. Comparing different quotes can help identify the cheapest auto insurance provider best suited for their coverage needs.

Agent Name Company Agent Address Contact Details
Chris Williams State Farm 602 S 1st St, Union City, 38261-4829 731-885-4433
King & Associates Insurance Llc Erie 413 Perkins Street, Union City, 38261 None
The Ausband Agency Inc Nationwide 206 E Reelfoot Ave STE 25, Union City, 38261 (270) 705-2703
Bodiford-White Ins Travelers 707 S FIRST ST, UNION CITY, 38261 731-885-2599
Alexander Insurance Group Travelers 310 S 1ST ST, UNION CITY, 38261 731-885-3779
Larry E Crum & Associates Llc Nationwide 200 Stonebridge Blvd Suite K, Jackson, 38305-6028 (731) 660-3663

Troy, TN Auto Insurance Rates can Increase Based on Driving Violations | Back to Top

Auto insurance rates tend to increase depending on the type and number of driving violations. The driving violations can stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence will determine how long the violation stays on record.

Driving Violation Cost Increase Total Insurance Cost
Driving Without Headlights +$61 $1,454
Driver's Failure In Showing Documents +$135 $1,528
Driving With An Expired Registration +$143 $1,536
Driving At A Considerably Slow Pace +$302 $1,695
Using A Cellphone While Driving +$319 $1,712
Running A Red Light +$325 $1,718
Speeding +$341 $1,734
Driving A Vehicle Without The Required Permission +$433 $1,826
Driving With An Expired/Suspended License +$939 $2,332

Troy, TN Auto Insurance Rates Based on Anti-Theft Feature | Back to Top

Cars that are equipped with safety devices are less prone to thefts. As a result, auto insurance companies provide a considerable amount of discounts to vigilant car owners. The discounts vary depending on the type and number of safety devices installed.

Anti Theft Feature Insurance Cost
Audible Alarm $1,337
Active Disabling Device $1,337
Tracking Device $1,309
Passive Disabling Device $1,295