Get Troy, TN Home Insurance Rates!

Shopping for new homeowners insurance in Troy, Tennessee?

We can help you find a great policy at a price you can afford, all from the comfort of your own living room. Our online quoting process is quick and easy, allowing you to you compare up to 12 competitive quotes from national insurance companies you value and trust.

Simply enter your zip code above, answer a few questions and we will get to work finding your new homeowners insurance policy.

A Few Facts about Troy, Tennessee Home Insurance Rates

Residents of Troy pay an average of $1,296 for a standard home insurance policy, the national average premium across the United States is $1,311. For the state of Tennessee, the premium rank is #21 and the most recent premium change was 2.9% from the previous year.

We can help lower your homeowners insurance costs by shopping your coverage with a variety of national insurance companies. It’s quick and easy. You can get multiple free quotes, just enter your Troy zip code to get started.

Troy and Homeowners Insurance

Shopping for homeowners insurance is never fun but we strive to make the process quick and simple while also taking the time to carefully review your needs to make sure your home and property is fully covered.

We will search for home insurance discounts and examine your enhanced coverage options to make sure your home and possessions are fully protected. In most cases, we can help you save up to 40% on your current rates, all from the comfort of your own home.

In addition to finding a great policy and price, our goal is to make sure you have a complete understanding of your policy before you sign on the dotted line. We are always available to answer any questions you have and explain the various coverages that make up a homeowners policy.

Our agents will guide you through the entire process and evaluate your current coverage to make sure you are protected against all risks including flooding or earthquake damage.

Tennessee Insurance Coverages You May Not Know About

While homeowners insurance will absolutely protect your home’s structure and your personal possessions, it also includes some coverages you may not be familiar with, here is a quick overview of other structures coverage as well as loss of use:

Other Structures: This coverage will protect all other structures on your property. If you have a shed, barn, other outbuildings, fencing or other structures on your property that are detached from your home, this coverage will protect them. Other structures coverage is often capped at 10 percent of your dwelling coverage so if you are carrying $300,000 in dwelling coverage your other structures coverage is $30,000.

Loss of Use: This coverage will help pay your living costs if you are forced out of your home due to a covered peril. A covered peril might include fire, theft or water damage. Loss of use coverage will pay for expenses such as hotels, restaurants and even dry cleaning if you are not able to live in your home while it is being repaired or rebuilt after a claim.

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Average Rates Nearby Troy

Are you looking for homeowners insurance in a city near Troy? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Troy, TN

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Troy.

38260,     

Troy, TN Home Insurance Average Premiums

$728 /yr.

For the city of Troy, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

What is the average home insurance cost for a home in Troy, TN?

What does it cost on average per month for home insurance in Troy, TN?

Troy, TN - 2023 Housing Information

Homeowners insurance will help cover the cost to repair or replace your Troy home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Get up to 12 competitive Troy, TN homeowners insurance rates all in one place!

Saving Money Tips on Troy Home Insurance

A great way to save money on Troy homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Are you shopping for the best rate near or wihin the Troy area? Check out what homeowners are paying on average for Tennessee homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Tennessee flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Troy, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Obion County.

Tennessee Homeowners Insurance News & Information

According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]

While the odds of a major disaster hitting a specific home is the same regardless of whether the owner has a great credit score or one that puts them in a subprime category, their credit score will impact their rate in many states.  In most states, insurers are allowed to consider credit scores when setting […]

If you are switching insurance companies, you should always check the financial strength of any insurer you are seriously considering. While an affordable premium is always a plus, if your insurance company cannot afford to pay when you file a claim, the savings will certainly not be worth it.  A.M. Best is a credit rating […]

Troy, TN Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Troy so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Troy, TN?

- The average square footage in Troy is around 724 Sq. Ft. which would cost you around $97,800 to replace the home if you base the home on the price to build per square foot of $135.

Minimum Replacement Cost Total: $97,800

Location: Troy, Tennessee (Obion County)

Average Building Cost Per Square Foot in Troy: $135 (low end)

Average Square Footage in Troy: 724 Sq. Ft.

The dwelling coverage is calculated by the average cost per square foot ($135) in Troy, Tennessee times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $421,875 (Media price to build of $169 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.

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