Affordable Car Insurance in Troy

If you've never shopped for Troy car insurance quotes online, most likely you are baffled by the sheer number of insurance providers vying for business in Troy.

A study showed that the vast majority of auto insurance customers have purchased from the same company for well over three years, and almost 40% of drivers have never compared auto insurance rates at all. Alabama drivers could pocket $490 a year by just comparing rate quotes, but they don't know the large savings they would see if they switched to a cheaper policy.

This article will teach you a little about the best way to buy inexpensive insurance and also pocket some savings If you're already insured, you will be able to buy cheaper insurance using the ideas you're about to read. But Alabama drivers can benefit from knowing the way insurance companies calculate their prices and use it to your advantage.

Cheapest insurance price quotes in Troy, Alabama

When price shopping your coverage, comparing more rates from different companies helps locate the best rates. Some smaller insurers do not give rate quotes online, so it's necessary to compare prices from them, too.

The following companies are our best choices to provide free quotes in Alabama. If several companies are displayed, we suggest you visit several of them in order to find the most competitive rates.

Insurance Rates for Popular Vehicles in Troy
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Crew Cab 2WD $874 $437 $73
Chevrolet Silverado LT Regular Cab 2WD $1,082 $541 $90
Dodge Ram Quad Cab Laramie 2WD $1,308 $654 $109
Ford Escape Limited 2WD $1,036 $518 $86
Ford Explorer XLT 4WD $1,096 $548 $91
Ford F-150 STX Regular Cab 2WD $1,192 $596 $99
Ford Focus SES 2-Dr Coupe $1,496 $748 $125
Honda Accord LX-P 4-Dr Sedan $1,008 $504 $84
Honda CR-V EX 2WD $676 $338 $56
Honda Civic LX 4-Dr Sedan $938 $469 $78
Jeep Wrangler Sahara 4WD 2-Dr $742 $371 $62
Nissan Altima 3.5 SR 2-Dr Coupe $1,072 $536 $89
Toyota Camry LE $1,148 $574 $96
Toyota Corolla XRS $954 $477 $80
Toyota Prius $750 $375 $63
Toyota RAV4 Limited 4WD $1,024 $512 $85
Get Your Own Custom Quote Go

Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Alabama minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Price estimates do not factor in zip code location which can alter price quotes greatly.

Full coverage versus liability only rates

The diagram below shows the difference between Chevrolet Silverado insurance costs with liability coverage only compared to full coverage. The price estimates are based on no tickets, no at-fault accidents, $1,000 deductibles, married female driver, and no discounts are taken into consideration.

Chevrolet Silverado rates are for example purposes only. To get rates for your specific vehicle, click here.

Are you wasting money paying for full coverage?

There is no definitive rule for dropping full coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is more than about 10% of the vehicle's replacement cost less your deductible, then you might consider buying liability only.

For example, let's say your Chevrolet Silverado book value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $7,000 after paying the physical damage deductible. If it's costing you more than $700 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some circumstances where eliminating full coverage is not in your best interest. If you still owe money on your vehicle, you have to keep full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

Comparison of car insurance rates by gender

The diagram below shows the difference between auto insurance rates for male and female drivers in Troy. The rates are based on no driving violations, no at-fault accidents, full coverage, $1,000 deductibles, drivers are single, and no other discounts are factored in on a Hyundai Sonata GLS.

Hyundai Sonata rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Drive safe and save

The illustration below shows how violations and at-fault accidents can raise Dodge Ram insurance rates for each age group. The premium estimates are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.

Dodge Ram rates are for example purposes only. To get rates for your specific vehicle, click here.

Insurance is not optional

Despite the high cost of buying insurance in Troy, maintaining insurance serves a purpose in several ways.

The benefits of buying insurance outweigh the cost, especially if you ever need it. According to a survey of 1,000 drivers, the average driver is overpaying more than $750 every year so compare quotes from several companies every year to save money.

Auto insurance ads bend the truth

Popular auto insurance providers such as Allstate and Progressive constantly bombard you with ads in print and on television. All the companies tend to make the same promise about saving some big amount just by moving your coverage to them. How is it plausible that every one can save you money on auto insurance? It's all in the numbers.

Most companies look for specific characteristics for the type of driver that will generate a profit. For instance, a driver they prefer might be described as between the ages of 30 and 50, owns a home, and drives a car with an anti-theft system. Any driver that hits that "sweet spot" will probably get the lowest premium rates and will cut their auto insurance rates if they switch.

Potential customers who cannot meet the ideal profile may be forced to pay a more expensive rate with the end result being the customer buying from a different company. The ad wording is "people that switch" not "everyone that quotes" save that much when switching. This is how insurance companies can confidently claim big savings.

This really drives home the point why you absolutely need to get as many free Troy car insurance quotes as possible. It's not possible to predict with any certainty which company will give you lower car insurance rates than your current company.

Discount Troy insurance rates

Some insurers don't list every policy discount in an easy-to-find place, so the following list contains some of the best known and also the more inconspicuous insurance savings.Cheaper insurance with discounts

While discounts sound great, it's important to understand that most credits do not apply to the entire policy premium. Most only cut individual premiums such as liability, collision or medical payments. So even though it sounds like you would end up receiving a 100% discount, companies don't profit that way.

Popular insurance companies and a selection of discounts can be found below.

If you are trying to find low cost Troy car insurance quotes, ask all companies you are considering which credits you are entitled to. Savings may not apply in every state. If you would like to see a list of providers that provide some of the discounts listed above in Troy, follow this link.

Insurance quotes from local Troy insurance agents

Many drivers still prefer to get professional advice from a licensed agent and that can be a great decision One of the great benefits of comparing insurance prices online is that you can find cheap insurance rates and still buy from a local agent. And providing support for local agents is important particularly in Troy.

By using this short form, the quote information gets sent to agents in your area who will return price quotes to get your business. It's much easier because you don't need to contact an agency because quoted prices will be sent to you instantly. Get lower rates without a big time investment. If you wish to compare rates from a specific insurance provider, don't hesitate to jump over to their website and complete a quote there.

Different types of auto insurance agents in Troy

If you need to find a reputable insurance agent or broker, you must know there are a couple different types of agencies and how they differ in how they can insure your vehicles. Insurance agencies in Troy are either exclusive or independent (non-exclusive).

Independent Agents

Independent agencies are not required to write business for one company so as a result can place your coverage with an assortment of companies and find the cheapest rate. If they find a lower price, they simply switch companies in-house which is easy for the insured.

If you need lower rates, you will want to compare prices from multiple independent agents to get the best comparison. Many write coverage with smaller companies which can save you money.

Exclusive Insurance Agents

These agents can only place business with one company like Farmers Insurance or State Farm. These agents are unable to provide other company's prices so you need to shop around if the rates are high. Exclusive agencies are well schooled on what they offer which aids in selling service over price. Consumers often use the same agent primarily because of the brand name and the convenience of having all coverages with one company.

Finding the right car insurance agent requires you to look at more than just a cheap quote. Some important questions to ask are:

Auto insurance overall losses by make and model

Are you driving a vehicle with a high chance of a claim? The statistics below outline the good and bad makes and models for likelihood of filing claims for each type of coverage.

Collision Insurance Claims by Vehicle Model
Lowest Claims Highest Claims
Jeep Wrangler Nissan GT-R
Ford Edge Maserati Ghibli
Ford F-150 SuperCrew Ferrari 458
Chevrolet Colorado Maserati Granturismo
Mini Cooper BMW 6 Series
Smart ForTwo Bently Continental GT

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Comprehensive Insurance Claims by Manufacturer Model
Lowest Claims Highest Claims
GMC Sierra 2500 Mercedes-Benz S Class
Smart ForTwo BMW M6
Volvo V60 Audi S7
Chevy Spark Maserati Granturismo
Nissan Xterra Porsche Panamera GTS
Infiniti QX50 Bentley Continental GTC

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Medical Payment Coverage Claims by Manufacturer Model
Lowest Claims Highest Claims
Audi A4 Allroad Nissan Versa
Ford F-250 SuperCrew Dodge Charger
Chevrolet Corvette Chevrolet Spark
Ford F-350 SuperCrew Nissan Sentra
Land Rover Range Rover Sport Chrysler 200
Chevrolet Silverado 3500 Mitsubishi Lancer

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Auto Insurance Liability Claims by Manufacturer Model
Lowest Claims Highest Claims
Fiat 500 Mitsubishi Lancer
Volvo XC60 Chevrolet Sonic
Chevrolet Corvette Hyndai Accent
Subaru Outback Chevrolet Impala
Acura MDX Chrysler 200
Mercedes-Benz SL Class Mitsubishi Mirage

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Specific coverage details

Learning about specific coverages of a auto insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your vehicle.

Due to the fact that many Alabama drivers carry very low liability coverage limits (which is 25/50/25), their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Frequently these coverages are identical to your policy's liability coverage.

Collision coverage protection

This will pay to fix damage to your vehicle caused by collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like crashing into a building, damaging your car on a curb and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like falling objects, a broken windshield and a tree branch falling on your vehicle. The maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.

Medical payments and PIP coverage

Med pay and PIP coverage reimburse you for short-term medical expenses for X-ray expenses, doctor visits, surgery and hospital visits. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not available in all states and may carry a deductible

Liability auto insurance

Liability insurance provides protection from damage that occurs to other's property or people by causing an accident. This coverage protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability can pay for things like loss of income, pain and suffering and medical services. How much coverage you buy is your choice, but consider buying as large an amount as possible. Alabama state minimum liability requirements are 25/50/25 but you should think about purchasing more liability than the minimum.

Be persistent and save

When trying to cut insurance costs, you should never buy less coverage just to save a little money. There are too many instances where drivers have reduced physical damage coverage and learned later that the small savings ended up costing them much more. Your goal is to buy a smart amount of coverage at a price you can afford, but do not sacrifice coverage to save money.

Insureds change insurance companies for many reasons like policy cancellation, high rates after DUI convictions, denial of a claim and even being labeled a high risk driver. Regardless of your reason for switching companies, switching companies can be easier than you think.

We just showed you many tips how you can shop for auto insurance online. It's most important to understand that the more price quotes you have, the better your chances of lowering your premium rates. Consumers could even find that the best price on auto insurance is with the smaller companies.

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