Are you trying to save on auto insurance costs? There are many people in the military that are spending hundreds of dollars more on their premium than they have to. My goal in this article is to help you to find the best military car insurance for veterans.
I believe you and your family deserves to start saving today. Take advantage on these insurance deals and make sure to compare quotes to get the best rates possible.
Are military discounts fair?
Yes, military personnel leave their homes to protect and serve our country. They sacrifice and leave their family behind not knowing if they will come home. Veterans represent the United States and they deserve to be honored for their contributions to our country. Different industries such as auto, car rental, computers & electronics, education, entertainment, insurance industry, etc. understand that veterans and their families deserve to be rewarded. Their families often have to make finances stretch so anyway that they can save is a blessing.
Military auto insurance discounts
Here are some discounts that you may be able to get.
- Active or retired military personnel.
- Discounts for being a member of the National Guard or Reserves.
- Military personnel based in a certain area.
- Discounts for emergency deployment.
- You will be able to get overseas insurance.
USAA
USAA was founded in 1922. Today it is one of the most popular car insurance providers for service men and women. Only active and retired service men and women can insure with USAA. You can also be eligible for USAA if you are a family member of an active service man or woman. Cadets and midshipmen at U.S. service academies, in advanced ROTC or on ROTC scholarship are also able to use USAA.
On top of already cheap rates, you will continue to receive discounts for things such as a 15% discount on comprehensive coverage when your vehicle is garaged on base. If your parents used USAA, then you will be able to save 10% if you start your own insurance policy. The longer that you remain insured with USAA the more you will be able to save on auto insurance.
If you ever have to store your vehicle for a long period of time, USAA allows you to save up to 60% when you store your insured vehicle. With USAA, you are also able to receive a discount if you drive low miles. USAA was one out of the three insurance companies to receive 5 out of 5 stars in the 2017 U.S. Auto Claims Satisfaction Study. This awesome claims rating reveals that USAA is a great company to pay out claims.
In the 2017 Insurance Shopping Study USAA and Erie Insurance were the only two companies to receive 5 out of 5 Power Circles. USAA beat out companies such as American Family, The Hartford, AAA, Progressive, MetLife, and more. USAA is a great auto insurance choice. Lastly, with USAA you will be able to receive many shopping discounts. For example, USAA offers a car buying service that will allow members to save money on new or used cars. You will also be able to receive up to 35% off on rental car companies such as Hertz, Enterprise, etc.
GEICO military insurance
GEICO has been serving the military for over 75 years. GEICO offers multiple special military discounts. With GEICO, you do not have to be active duty to benefit from their discounts. Both active and retired veterans can benefit from their discount. Members of the National Guard or Reserves can benefit from this discount as well. With this discount, you will be able to receive up to 15% on your insurance premium. Another way that veterans can save with GEICO is when you are a military member and you deploy into imminent danger pay areas.
This discount is referred to as the Emergency Deployment discount. This discount is not available in all states so it is crucial that you check to see if it is available in your area. GEICO also offers membership discounts if you belong to military organizations such as American Society of Military Comptrollers, Armed Forces Benefit Association, Association of the U.S. Army, Fleet Reserve Association, National Infantry Association, Naval Surface Warfare Center FCU, Navy Federal Credit Union, and Navy League of the United States.
If you are worried about having insurance while you are oversees GEICO offers an overseas Insurance Program and they have several overseas locations.
GEICO customers can also take advantage of Marine insurance, which is available for vehicle shipments over $20,000.
State Farm
State Farm is the most popular auto insurance company in the world. State Farm offers a Military Personnel Discount. However, there are many restrictions that you should know about. You must be on active duty and based in Louisiana to qualify. If you are a spouse or a dependent of someone who is on active duty, then you must live in Louisiana to be eligible for this discount with State Farm. State Farm is rich in insurance discounts. Along with various military discounts, State Farm offers an accident-free discount, good driving discounts, multi-line discounts, multiple automobile discounts, passive restraint discounts, vehicle safety discounts, and more. State Farm customers will have over $150 billion in assets to pay insurance claims.
Direct General
Direct General is not as popular as some of its counterparts, but they do offer affordable rates. I used them a few years ago. Although I never had to file a claim, I received great customer support from them and best of all, I was able to take advantage of their low insurance rates. With Direct, active service men and women can save up to 25% on coverages such as bodily injury, property damage, comprehensive, collision, and uninsured motorist. The groups that qualify for this discount are National Guard, US Air Force, US Army, US Navy, US Marine Corps, Reserves, Coast Guard, and more. The only issue with Direct’s military discount is that it is not available for all states. Unfortunately, it is only available in Alabama, Arkansas, Florida, Louisiana, Missouri, South Carolina, Texas. With Direct you can look forward to other discounts as well such as a 10% good driver discount, 5% senior citizens discount, 25% prior coverage discount, 15% homeowner discount, and more.
Nationwide Insurance
Nationwide has been in business for over 80 years. Nationwide is dedicated to protecting you and your family members. Nationwide does not have their own military discount. However, to make up for this they have partnered with VetFriends to offer special car insurance discounts for veterans. VetFriends.com was founded in the year 2000. Today the company has grown to over 2.4 million members. With Nationwide and VetFriends you will also be able to get free military premium member gifts and more. Nationwide has over $158 billion in statutory assets and currently holds top financial grades from the top financial strength rating companies. A.M. Best and S&P both gave Nationwide an “A+” financial strength rating. Nationwide discounts include family plan discounts to provide coverage for those in your home, Affinity car insurance discounts for those who belong to a business or organization. Nationwide has been an accredited Better Business Bureau since 09/01/1955. In the BBB rating system Nationwide received the highest rating possible which was an “A+” rating.
Infinity
Infinity has over 65 years in the insurance industry. Infinity is a great company for those who are having a hard time receiving insurance. Infinity offers affiliate memberships discounts. With this discount if you are a member of the military, then you may receive a huge discount. If you have been using another insurance company for a long period of time you will be able to save with the Infinity loyal customer discount. Infinity offers positive financial strength ratings across the boards.
Arbella Insurance
With over 25 years in the insurance industry Arbella is a great choice for those who live in Massachusetts or Connecticut. Arbella’s goal is to be a recognized regional leader in auto insurance. Policyholders who are deployed on duty will be able to save 10% with Arbella. This discount is only available for drivers who live in Massachusetts.
Esurance
On average Esurance offers some of the cheapest rates in the insurance industry. Although Esurance doesn’t have a direct military discount, they do handle oversees deployment well. With Esurance you will be able to easily cancel and then reinstate your insurance policy. Here are a few discounts that you can take advantage of with Esurance. You can take advantage of their fast 5 discount, multi-policy discount, their claim-free discount, and more. Esurance received an “A+” from Better Business Bureau.
Bottom Line
While searching for car insurance don’t just look for military discounts, many of these insurance companies offer a plethora of other discounts that you and your family can benefit from such as good driver discounts, teen discounts, homeowner discounts and more. Take advantage of as much discounts as you can. Now I strongly recommend that you take 60 seconds to compare insurance quotes.