Top 5 Home Insurance Companies in Troy, MI
Check out the most popular Home Insurance agencies & companies in Troy, MI & compare the best quotes from them.
What is the Cost of Homeowners Insurance in Troy, MI
Troy, MI, is known for its decorated buildings, host parties, period bands, and artifacts manifesting the chronicling stages of Troy's progression from its first settlers to the city. According to the research conducted by Daprab, the average cost of homeowners insurance is $933.12, which is lower than the national average premium. The national average premium is $1224.
Considering that, the cost of the insurance is decided after scrutinizing certain factors. Few such factors are the home value, coverage type, deductible, age of the home, and the material used to build your home. Therefore, it is necessary to understand the homeowners insurance rates in Troy, MI, to maintain the balance as per your needs.
Average Cost of Homeowners Insurance Depending on the Material Used
Materials used to construct the house plays a significant role in determining the insurance premium amount. Homes built using sturdy materials have a minor threat to damage. Hence, home insurance companies offer considerable discounts to homes built using damage-resistant materials.
For instance, homes built with superior brick are offered at a premium of $840 in Troy, whereas homes built with Masonry and Brick are offered at a premium of $887. Thus, the premium charged will be higher if you use low-quality materials to construct your house.
Average Cost of Insurance Depending on Number of Claims
Home insurance companies provide discounts to homeowners who have a claims-free history. By providing a history of zero claims, homeowners have to pay a premium of $812, whereas policyholders with one and two claims have to pay a premium of $980 and $1046, respectively. So, the higher the number of claims, the higher the premium added to the insurance.
Average Cost of Insurance Depending on the Age of the Home
The age of the home is a significant factor in determining the cost of home insurance. Older homes are more likely to have structural problems, which raises the risk and thus the rates. Homes in Troy that are 40 or 50 years old pay $958 and $969, respectively.On the other hand newly built homes are less prone to damage and home insurance companies offer substantial discounts to newly constructed homes. For instance newly constructed homes in Troy can avail lower insurance of $691.
Top Home Insurance Companies in Troy, MI
| Home Insurance Company | A.M. Best Financial Strength Rating | Homeowners Insurance Market share |
|---|---|---|
| State Farm | A | 16.37% |
| Allstate | A+ | 8.44% |
| Nationwide | A+ | 7% |
| Liberty Mutual | A | 4.84% |
| Erie | A+ | 3% |
Top Liberty Mutual Home Insurance Agents in Troy, MI
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Evan Schapiro | 22180 Pontiac Trl Ste B 48178 |
(248) 486-2800 | |
| Shannon R Hartsfield | 710 Notre Dame Grosse\u00a0Pointe 48230 |
(313) 924-1306 | |
| Delbert Wray | 4385 Interpark Dr 48326 |
(248) 230-4075 | |
| Aaron Blakemore | 15621 S Telegraph Rd 48161-4080 |
734-242-6841 | |
| Emily Flemm | 29930 23 Mile Rd 48047 |
(586) 949-8660 | |
| Michael Quirk | 34405 W. 12 Mile Rd Suite 130 48331 |
1-248-489-4291 | |
| Valerie Dirienzo Lutcf Clu Chfc | 31600 W 13 Mile Rd, Ste 130 Farmington\u00a0Hills 48334 |
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| Edwin Reid-Selth Lutcf | 6606 Telegraph Rd Ste B 48301 |
(248) 599-1500 | |
| Jennifer Hoffman | 24 FRANK LLOYD WRIGHT DR STE J4100 48105 |
734-741-0044 | |
| Christopher Perrier | 841 E Grand Riv Ave 48116-1801 |
810-227-3630 |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Dave Trosper | 189 E Big Beaver www.davetrosper.com 48083-1201 |
248-689-4404 | |
| Cheryl Kim | 7071 Orchard Lk Rd Ste 200 www.cherylkim.com 48322-3683 |
248-626-2652 | |
| Jay Olson | 44 MACOMB PL www.jayolsonagency.com 48043 |
586-463-4573 | |
| J A Palminteri | 2303-A Gratiot Blvd 48040 |
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| Tiffany Jones | 319 E Rd www.talk2tiff.com 48439 |
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| Neil Rosenow | 1080 KIRTS BLVD STE 500 www.neilrosenow.com 48084 |
(248) 519-1400 | |
| Ben Cutler | 8322 Cooley Lake Rd 48382-4713 |
248-363-4747 | |
| Dave Hagiwara | 9295 Lilley Rd www.greatquote4u.com 48170 |
734-459-2023 | |
| Stanley Dean | G 2503 Flushing Rd Flint www.stpetestanley.com 48504 |
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| Trentice Imbler | 31600 W 13 Mile Rd Suite 130 Farmington\u00a0Hills 48334 |
(248) 430-4256 |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Butler Insurance Services Inc. | 11548 Highland Rd 48353-2732 |
810-632-2300 | |
| Aaaa Insurance & Financial Services Llc | 301 E Main St 48433-2027 |
810-659-4061 | |
| David White Insurance Agency | 530 S Maple Rd 48103 |
(734) 418-0205 | |
| Canopy Insurance Llc | 12 Lincoln St 48043-5536 |
586-463-8600 | |
| C I S Group | 19587 Mack Ave 48236-2838 |
313-343-5600 | |
| Dew Insurance Agency | 21908 23 Mile Rd www.robertdewinsurance.com 48042 |
(586) 646-2110 | |
| Roanoke Insurance Agency | 950 S Telegraph Rd www.roanokeinsuranceagency.com 48161 |
(734) 240-0060 | |
| Roanoke Valley Insurance | 880 Fralick St 48170 |
(734) 455-1110 | |
| A B Schmitz Agency Inc. / Sig | 10841 W 10 Mile Rd 48237-1745 |
248-968-3970 | |
| Baer Insurance Services Llc | 11455 E 13 Mile Rd www.baerinsurance.com 48093-2502 |
586-264-9664 |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Douglas Baird Morgan | 7226 Park Ave 48101 |
(313) 389-1300 | |
| Brad Ryant | 41390 W 10 Mile Rd 48375-3404 |
248-477-8383 | |
| Beveridge & Associates | 13344 Dix Toledo Rd 48195-1850 |
734-281-6950 | |
| Polvogt Insurance And Financial Services Inc | 292 S Broadway St Ste 2a-2b 48362 |
(248) 814-8040 | |
| Gus A Hoyas & Assoc Ins Agency Inc | 19921 E 12 Mile Rd 48066 |
(586) 777-8686 | |
| Danny Conrad Gill | 2140 Washtenaw Road 48197-1708 |
734-482-6570 | |
| Canoe Assoc Ins Agency Inc | 6441 Inkster Rd Ste 240 48301-1315 |
248-851-2757 | |
| Robert S Schirmer | 28345 Beck Rd Ste 104 48393 |
(248) 449-1960 | |
| Polvogt Ins & Fin Srvcs Inc Agency | 102 W Saint Clair St Ste C 48065 |
(586) 231-9308 | |
| Debbie Westerfield | 410 S Main St Ste 201 48065 |
(586) 752-6210 |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Jay Milsten | 1175 W LONGLAKE RD STE 200 48098 |
248-828-3377 | |
| Robert Lucas | 29630 Orchard Lake Rd 48334 |
(248) 939-5163 | |
| Leonard Joseph Therrien | 4 PARKLANE BLVD SUITE 414 48126 |
866-795-6128 | |
| Amy Turner | 3601 West Rd 48183-2282 |
734-676-1177 | |
| Ben Atkinson | G1182 E Hemphill Rd 48529-1165 |
810-742-9020 | |
| Wayne Smith | 17515 W 9 Mile 17515 W 9 Mile 48075 |
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| Dan Laidlaw | 301 E Main 48433-0156 |
810-659-4061 | |
| Ted Harris | 30060 23 Mile Road 48047 |
(586) 690-4478 | |
| Throckmorton Agency | 959 Baker Rd 48130 |
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| David Karr | 43512 Mound Road 48314-2026 |
800-731-7555 |
| Allstate | Liberty Mutual | State Farm | |
| Median Home Value ($) | 262,820 | 282,820 | 292,820 |
| Construction year | 1993 | 1970 | 2001 |
| Home Coverage ($) | $200000-$250000 | $200000-$250000 | $300000-$350000 |
| Total Premium ($) | $735 | $958 | $1096 |
Troy, MI Multi Policy Discounts by Home Insurance Companies
| Home Insurance Company | Multi Policy Discount (%) |
|---|---|
| Liberty Mutual | upto 18% |
| Erie | upto 19% |
| Nationwide | upto 6% |
| Allstate | upto 22% |