USAA insurance has provided a variety of products and services to the military community since its founding in 1922. The company began as just 25 Army officers working together to insure each other’s cars. It’s now the fifth largest auto insurer in the US and serves many military members and their families.
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USAA Reviews and Ratings
Boasting some of the industry’s best customer satisfaction ratings while maintaining industry-standard or lower levels of consumer complaints, USAA has received high marks from industry experts in multiple categories:
- Ease of filing a claim
- Discounts and pricing
- Financial strength
- Customer complaints
- Website transparency
USAA Auto Insurance Features
USAA insurance offers customers a variety of extra features. Customers who elect USAA’s accident forgiveness coverage will not see an increase in premiums after their first at-fault accident. Additionally, if customers avoid accidents for five years, they will be eligible for another accident forgiveness. However, this add-on coverage is not available in all states.
USAA also offers rideshare insurance for customers who use their own vehicles to work for companies such as Uber or Lyft. Furthermore this coverage offers protection beyond that afforded by the rideshare company for liability that arises from operating the vehicle in a rideshare capacity.
USAA Auto Insurance Discounts
Like most insurance companies, USAA insurance determines the standard rate for its auto insurance policies based on factors such as driving record, age, vehicle usage and location. But eligible customers may receive a lower premium based on one of USAA’s many discounts:
- Good student
- Safe driver
- Defensive driving
- Multi-vehicle
- Family
- Customer loyalty
- Comprehensive coverage discount for vehicles garaged on military bases
- Drivers under 21 who have completed a driver training course
- Vehicle storage
- Multiple policies
USAA Homeowners Insurance Features
In addition to the standard homeowners insurance features, USAA policies offer a few perks. This policy includes coverage, with no deductible, for military uniforms that are stolen or damaged by a while the military member is deployed or on active duty.
Personal property that is damaged or stolen from a policy owner’s home is covered at replacement cost. This means that if a covered cause of loss destroys a person’s items, the policyholder receives the cost to replace the items, rather than the depreciated value.
The USAA insurance homeowners policy also provides up to $5,000 worth of coverage to pay the costs of repairing damage caused by identity theft. However, this coverage is not available in all states.
USAA Life Insurance Features
USAA offers both term and permanent life policies to military members and their families. This coverage is tailored to supplement the life insurance provided to military members. It’s available in terms of 10, 15, 20, 25 and 30 years and includes multiple advantages:
- Guaranteed coverage for death caused by terrorism or war
- $25,000 coverage for severe injuries suffered in the line of duty
- The ability to add $100,000 coverage when a member gets married, has a child or buys a house
- Option to replace a portion of the life insurance provided by the military after discharge or retirement
Why Choose USAA?
Most major insurance companies offer very similar policies. However the USAA products and services are uniquely tailored to the specific needs of military families.
Choosing the right insurance policy for your family can be hard. However, we can help you find the right company and policy for you. Be sure to check out the latest reviews at MoneyMash!
