February 23, 2024

USAA was established by navy officers to supply insurance coverage and different monetary providers to members of the U.S. navy. The corporate affords competitively priced automobile insurance coverage insurance policies and has a status for wonderful customer support.

TIME’s Take

In the event you’re an energetic or retired member of the U.S. navy—or have a detailed member of the family who served—you owe it to your self to look into USAA automobile insurance coverage. USAA combines low automobile insurance coverage premiums with excessive buyer satisfaction rankings.

USAA automobile insurance coverage premium comparability

Right here’s how USAA stacks up towards a number of different main automobile insurers:

These figures come from a sequence of current evaluations by MoneyGeek and are supplied for comparative functions solely. Understand that the automobile insurance coverage premium for a person driver could range from these proven right here. 

Examine extra auto insurance coverage service suppliers 

How a lot is USAA automobile insurance coverage? 

Full protection

A USAA automobile insurance coverage coverage with full protection prices $883 per yr. That is the most affordable automobile insurance coverage among the many main carriers in our overview. GEICO had the second least expensive premium at $1,047 per yr.

A full-coverage coverage usually contains bodily harm and property harm legal responsibility, that are state-required coverages, plus optionally available complete and collision. This stage of protection protects you financially when you’re accountable for an accident that causes accidents or harm to automobiles or different property.

Minimal protection

A USAA automobile insurance coverage coverage with minimal protection prices $409 per yr. Once more, that is significantly cheaper than what opponents cost. GEICO affords the second least expensive minimal protection coverage in our overview at $513 per yr. 

A minimum-coverage coverage contains solely state-required legal responsibility insurance coverage on the lowest limits allowed by regulation. 

Dashing ticket

A rushing ticket or different transferring violation usually ends in a better automobile insurance coverage premium. The USAA premium for a driver with a rushing ticket is $1,015 per yr. From the pool of insurers analyzed, that is the most affordable fee by a big margin.

Younger driver

The associated fee to insure an 18-year-old with USAA is $2,382 per yr. That is the least expensive automobile insurance coverage for teen drivers in our overview. The truth is, the USAA premium is lower than half the most costly. Progressive fees 18-year-olds $5,990. 

Younger drivers, with much less expertise behind the wheel, are usually in additional accidents than mature drivers. Because of this, the price of insuring a younger driver could be fairly excessive.

USAA: Execs and cons

Least expensive automobile insurance coverage in our overview

Not accessible to non-military

A number of reductions accessible

Not accessible by means of native brokers

Excessive customer support rankings

USAA automobile insurance coverage reductions

USAA gives a variety of automobile insurance coverage reductions. Many are just like these accessible from different automobile insurance coverage firms, whereas some are tailored for individuals affiliated with the navy. Reductions embody: 

Bundling

Save 10% when insuring each a automobile and a house with USAA.

Annual mileage

Pay much less when you drive fewer miles per yr than common.

Storage

Save as much as 60% if the automobile is in storage. This low cost is especially engaging to those that want to proceed to insure their automobile at dwelling whereas deployed abroad. 

Good scholar

Teenagers who get good grades at school can get monetary savings on insurance coverage.

Army on-base

Save as much as 15% if the automobile is garaged on a U.S. navy base.

Automated funds

Save as much as 3% if funds are made by automated withdrawal from a checking account.

Multi-vehicle

Get a reduction for insuring a number of automobiles on the identical coverage.

USAA legacy

Youngsters of oldsters with a USAA automobile insurance coverage coverage save as much as 10%.

Pay as you drive

Like many different automobile insurance coverage suppliers, USAA affords a usage-based insurance coverage choice that makes use of real-life driving knowledge to assist calculate your insurance coverage premium. Drivers with safer habits behind the wheel pays much less for automobile insurance coverage.

Extra about USAA automobile insurance coverage

USAA was based by U.S. navy members and gives insurance coverage and different providers completely to active-duty and retired navy personnel in addition to their relations. The corporate is understood for its navy advocacy, breadth of economic merchandise, and status for buyer loyalty. 

Who can get USAA automobile insurance coverage?

USAA insurance coverage providers are completely for individuals related to the U.S. navy . To change into a member and qualify, you should be one of many following:

  • People presently serving within the Military, Marines, Navy, Air Power, Coast Guard, and House Power.
  • Veterans who’ve retired or separated from the U.S. navy with an Honorable or Normal Beneath Honorable Circumstances discharge.
  • Present spouses, widows, widowers, and unremarried former spouses of USAA members who joined USAA earlier than or in the course of the marriage. 
  • Youngsters of USAA members.
  • Cadets and midshipmen at U.S. service academies or accredited prep faculties. 
  • People in superior Reserve Officers’ Coaching Corps (ROTC) or on ROTC scholarships.
  • Officer candidates inside 24 months of commissioning. 

Easy methods to purchase USAA automobile insurance coverage

To purchase USAA automobile insurance coverage, you need to first change into a USAA member. Membership is restricted to members of the U.S. navy and shut household (see above).

In the event you qualify for membership, you may get a automobile insurance coverage quote on the USAA web site or by calling 1-800-531-8722. Notice that USAA automobile insurance coverage is just not offered by means of native brokers. Insurance policies can solely be purchased instantly from the corporate. 

USAA automobile insurance coverage status and buyer satisfaction

USAA has a few of the highest buyer satisfaction rankings of any main U.S. automobile insurer. The truth is, the corporate’s status for customer support and buyer loyalty transcends the insurance coverage trade.

This was made obvious as soon as once more within the 2023 JD Energy U.S. Auto Insurance coverage Examine. USAA, which isn’t eligible for a proper JD Energy rating due to its exclusivity, torched the competitors, scoring highest for buyer satisfaction throughout all areas and different classes. 

USAA additionally boasts the very best Web Promoter Rating (NPS) within the insurance coverage trade. NPS is a measure of buyer loyalty and willingness to suggest a model to a buddy or member of the family.

USAA monetary power

USAA has an A++ (Superior) ranking from A.M. Greatest, an unbiased supplier of economic power rankings for the worldwide insurance coverage trade. That is A.M. Greatest’s highest potential ranking, permitting prospects to be assured within the firm’s monetary power and skill to pay claims. 

Which providers does USAA supply moreover automobile insurance coverage?

USAA affords a variety of insurance coverage merchandise and monetary providers completely to its members. In line with the USAA web site, these embody:

  • Owners insurance coverage.
  • Renters insurance coverage.
  • Life insurance coverage.
  • Checking accounts.
  • Bank cards.
  • Auto loans.
  • House mortgages.
  • Retirement financial savings. 

Backside line

With its low automobile insurance coverage premiums, breadth of extra monetary merchandise, and excessive buyer satisfaction rankings, USAA affords a compelling proposition to its goal buyer: energetic and retired members of the U.S. navy and their shut households. Not everybody can make the most of these advantages, nonetheless.

Steadily requested questions (FAQs)

What’s USAA’s telephone quantity?

You’ll be able to contact USAA by telephone at 1-800-531-USAA (8722).

How do I report a automobile insurance coverage declare to USAA?

You’ll be able to report a declare to USAA on the corporate’s web site. Open claims could be tracked on-line or by means of the USAA cellular app. 

How can I cancel a USAA automobile insurance coverage coverage?

To cancel a USAA automobile insurance coverage coverage, name 1-800-531-USAA (8722).

Does USAA supply hole insurance coverage?

USAA doesn’t supply hole insurance coverage, however it does supply automobile alternative help. With automobile alternative help, your whole loss declare settlement quantity will embody an extra 20% of the automobile’s precise money worth.

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