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Troy Car Insurance
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The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.
The car insurance rate in Troy is $1420 for a six-month policy, which is $217 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $582, making it a popular choice for budget-conscious drivers. Rates in Troy can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.
At $582 for a six month policy, Travelers offers the cheapest auto insurance rates in the city.
USAA offers auto insurance rates at $729 for a six-month policy, making it one of the cheapest to insure with.
Encompass offers auto insurance rates at $806 for six months, making it the third cheapest auto insurance company in Troy.
Based on our research, the cheapest car insurance company in Troy, MI is Travelers, offering policies at just $582 for a six-month term. This is followed by USAA, which has an average six-month premium of $729.
At the higher end of the spectrum, Hastings Mutual is the most expensive, with rates reaching $961 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Troy drivers find the best deals.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Travelers | $582 | $98 |
| USAA | $729 | $123 |
| Encompass | $806 | $135 |
| Auto-Owners Insurance Co | $827 | $140 |
| Chubb | $870 | $145 |
| Auto-Owners | $975 | $164 |
| AAA | $995 | $168 |
| Farm Bureau Ins of MI | $1023 | $173 |
| Pioneer State Mutual Ins Co | $1114 | $185 |
| Progressive | $1114 | $188 |
| Westfield | $1388 | $234 |
| Farm Bureau | $1564 | $266 |
| State Farm | $1991 | $335 |
| Allstate | $2124 | $361 |
| Bristol West | $2768 | $461 |
| Farmers | $4303 | $732 |
| Hastings Mutual | $961 | $160 |
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Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Troy are given below.
Travelers provides the cheapest minimum car insurance coverage in Troy. Their Average 6 Month Premium is $245. Hastings Mutual is the most expensive at $420 for the same period.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Travelers | $245 | $41 |
| Westfield | $260 | $44 |
| USAA | $329 | $55 |
| Encompass | $336 | $57 |
| Chubb | $358 | $59 |
| Auto-Owners Insurance Co | $386 | $66 |
| Auto-Owners | $455 | $77 |
| Farm Bureau Ins of MI | $498 | $85 |
| Progressive | $512 | $86 |
| AAA | $610 | $104 |
| Farm Bureau | $771 | $129 |
| Allstate | $904 | $153 |
| Bristol West | $1156 | $192 |
| State Farm | $1240 | $209 |
| Farmers | $2236 | $373 |
| Hastings Mutual | $420 | $70 |
One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Troy is Travelers at $98 per month and $582 for six months.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Travelers | $582 | $98 |
| USAA | $729 | $123 |
| Encompass | $806 | $135 |
| Auto-Owners Insurance Co | $827 | $140 |
| Chubb | $870 | $145 |
| Auto-Owners | $975 | $164 |
| AAA | $995 | $168 |
| Farm Bureau Ins of MI | $1023 | $173 |
| Pioneer State Mutual Ins Co | $1114 | $185 |
| Progressive | $1114 | $188 |
| Westfield | $1388 | $234 |
| Farm Bureau | $1564 | $266 |
| State Farm | $1991 | $335 |
| Allstate | $2124 | $361 |
| Bristol West | $2768 | $461 |
| Farmers | $4303 | $732 |
| Hastings Mutual | $961 | $160 |
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The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.
Despite maintaining a clean driving record, your car insurance rates in Troy, Michigan, may be increasing due to several external factors. Michigan has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.
Additionally, Troy's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.
It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.
| Age Group | Cheapest Companies | Avg. 6 Mo. Premium |
|---|---|---|
| 20s | Chubb | $329 |
| 30s | USAA | $250 |
| 40s | USAA | $240 |
| 50s | USAA | $230 |
| 60s | Chubb | $210 |
| 70s | Chubb | $230 |
If you are planning to get a car insurance policy for your teenage dependent, Travelers provides the cheapest car insurance in the Troy at $48 per month. At $6840 for a six-month premium, Bristol West offers the most expensive rate for teen drivers.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Travelers | $288 | $48 |
| Westfield | $308 | $52 |
| Encompass | $336 | $57 |
| Chubb | $400 | $68 |
| Auto-Owners Insurance Co | $420 | $70 |
| Grange | $546 | $93 |
| USAA | $1108 | $186 |
| Auto-Owners | $1325 | $223 |
| AAA | $1766 | $297 |
| Farm Bureau | $2544 | $433 |
| Progressive | $2727 | $459 |
| Allstate | $4598 | $782 |
| State Farm | $4718 | $786 |
| Farmers | $19738 | $3356 |
| Bristol West | $6840 | $1140 |
Teen Car Insurance Rates in MI by Age
Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.
For those with poor credit scores in Troy, Travelers is the cheapest car insurance provider. At $470 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Troy is Farm Bureau Ins of MI, offering rates of around $1486 for six months.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Travelers | $470 | $80 |
| Encompass | $484 | $80 |
| Progressive | $680 | $116 |
| Westfield | $715 | $119 |
| Auto-Owners Insurance Co | $758 | $129 |
| Pioneer State Mutual Ins Co | $925 | $155 |
| Grange | $1171 | $199 |
| Farm Bureau Ins of MI | $1486 | $248 |
Save up to $971/yr on car insurance rates in Troy.
Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Troy, MI, accidents can lead to significant hikes in your premiums.
The cheapest car insurance companies after an at-fault accident in Troy include Chubb and Westfield, offering $358 and $379, respectively. Pioneer State is an expensive provider with an average six-month premium of $561.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Chubb | $358 | $61 |
| Westfield | $379 | $63 |
| Auto-Owners Insurance Co | $441 | $76 |
| Encompass | $498 | $83 |
| Farm Bureau Ins of MI | $589 | $100 |
| Pioneer State Mutual Ins Co | $651 | $109 |
| Travelers | $694 | $117 |
| USAA | $870 | $146 |
| Progressive | $961 | $162 |
| Auto-Owners | $1073 | $181 |
| AAA | $1374 | $231 |
| Farm Bureau | $1914 | $319 |
| State Farm | $2179 | $371 |
| Allstate | $3385 | $564 |
| Farmers | $6049 | $1029 |
| Pioneer State | $561 | $93 |
Here is a list of driving violations that can increase your car insurance rates in Troy MI. For example, the car insurance in Troy after a DUI increases to $2832 for a six month policy. While the rate increases by $1542 for a six-month policy in the case of a speeding ticket.
| Accident/Violation | Avg. 6 Mo Premium | Avg. Monthly Premium |
|---|---|---|
| None | $1542 | $257 |
| Failure to wear a seat belt | $1829 | $312 |
| Cell phone violation | $1941 | $323 |
| Texting while driving | $1941 | $330 |
| Illegal turn | $1948 | $325 |
| Wrong way/wrong lane | $1948 | $332 |
| Speeding in school zone | $1977 | $329 |
| Driving with expired registration | $1991 | $339 |
| Failure to stop at a red light | $2012 | $335 |
| Improper passing | $2012 | $342 |
| Speeding 16 - 20 MPH over limit | $2236 | $373 |
| Open container | $2635 | $448 |
| Driving with a suspended license | $2951 | $492 |
| Racing | $3806 | $647 |
| Reckless driving | $4136 | $689 |
| Leaving scene of an accident/hit and run | $4241 | $721 |
| DUI | $4374 | $729 |
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A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.
There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Troy.
The cheapest car insurance premiums in Troy are offered by Chubb at $358 for a six-month policy. However, it can be as expensive as $11046 with companies like Allstate.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Chubb | $358 | $59 |
| Auto-Owners Insurance Co | $946 | $160 |
| Grange | $953 | $159 |
| Progressive | $1016 | $171 |
| Pioneer State Mutual Ins Co | $1149 | $191 |
| USAA | $1240 | $209 |
| Travelers | $1409 | $235 |
| Auto-Owners | $2131 | $359 |
| Westfield | $2320 | $391 |
| AAA | $2397 | $404 |
| Bristol West | $3280 | $546 |
| Farmers | $3364 | $566 |
| Farm Bureau | $3981 | $663 |
| State Farm | $5011 | $844 |
| Allstate | $11046 | $1841 |
One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Troy are offered by Westfield at $308. However, it can be as expensive as $13942 with companies like Farmers for a similar six-month premium.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Westfield | $308 | $52 |
| Chubb | $358 | $59 |
| Encompass | $379 | $65 |
| Travelers | $463 | $77 |
| Auto-Owners Insurance Co | $491 | $84 |
| Farm Bureau Ins of MI | $701 | $117 |
| USAA | $729 | $124 |
| Grange | $743 | $124 |
| Auto-Owners | $1023 | $173 |
| Progressive | $1500 | $253 |
| AAA | $1521 | $258 |
| Farm Bureau | $1528 | $255 |
| Allstate | $2768 | $471 |
| State Farm | $4647 | $774 |
| Farmers | $13942 | $2371 |
Car insurance rates in Troy have fluctuated due to factors such as state regulations, inflation, and changing driving habits.
The average cost of full coverage in the Troy dipped by $316 in December compared to $325 of November. In other words, there has been an decrease by $9 when you compare December and November.
The average cost of liability insurance in the Troy rose to $105 in December, compared to $97 in November. This represents an increase of $8 when comparing December and November.
The crime rate, the number of accidents, and the probability of natural calamities all determine the car insurance rates in different neighborhoods in the Troy. At $1788 for a six-month policy, insuring your car at 48083 is the cheapest in the city.
| Zip Code | Average 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| 48083 | $1788 | $300 |
| 48098 | $1731 | $290 |
| 48084 | $1675 | $281 |
| 48085 | $1859 | $312 |
How much is car insurance in Troy?
The car insurance in Troy is $41 per month, which is lower than the national average.
What is the cheapest car insurance in Troy?
The cheapest car insurance in Troy is $98 per month for full coverage.
How much is car insurance in Troy for teenagers?
Car insurance for teenagers costs $288 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.
What's the average cost of car insurance in Troy?
The average cost of car insurance is $1203 for a six-month policy. It will cost around $238 per month to insure your car in Troy.
Is car insurance expensive in Troy?
Car insurance can be expensive in Troy if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Troy can be affordable.
What is the best car insurance in Troy, MI?
The best car insurance company in Troy MI is Travelers, offering $582 for a six-month policy.
Cut auto insurance costs in Troy right now.