Automobile

USAA Auto Insurance Discounts: Everything You Need to Know

When looking at USAA auto insurance discounts, you might be surprised at the number of discounts you might be eligible for. Adding numerous discounts to your policy can help you keep your rates as low as possible.

Why Should You Choose USAA?

With its low rates and impressive customer service, United Services Automobile Association (USAA) is a solid choice if you’re eligible for membership. USAA usually offers low rates for home and auto insurance, even if it doesn’t offer numerous discounts.

Those who benefit from the company include first-time drivers, new vehicle owners, and homeowners with expensive homes. The company strives for stellar customer service ratings, and its coverage for active service members includes waving deductibles and a 60 percent discount when storing vehicles while deployed.

However, if you aren’t affiliated with the U.S. military, have a leased vehicle, or want several discounts, USAA might not work for you. It also doesn’t offer many in-person locations as offices are usually situated near military bases.

It’s important to note that not everyone is eligible for USAA insurance. Its services are only available to military families, specifically the following:

  • Those currently serving in the military
  • Those honorably discharged from the military
  • Family, including widows, widowers, and un-remarried former spouses of USAA members as well as those whose parents had or have USAA insurance
  • Those who are cadets or midshipmen

    What Factors Affect Car Insurance Rates from USAA?

    How much you pay for car insurance depends upon a variety of factors. Some of these factors that USAA uses include the following:

    • Your age
    • Your driving record
    • Your location
    • Your vehicle’s make and model
    • The number of miles you put on your vehicle

      According to the latest numbers provided by USAA, members who switched on average saved $707 on their annual premium. ValuePenguin compared quotes from several insurers and found that USAA’s rates were below the average for almost every type of driver. It found that for drivers who had recent accidents, USAA’s rates were 12 percent below the mean.

      It’s also important to note that USAA knows that military members have numerous financial obligations to fulfill while working with a small budget. As a result, USAA offers flexible payment plans tailored to your pay schedule.

      What Type of Coverage Does USAA Offer?

      Every state has different car insurance requirements, many of which include liability coverage. Your lender might also require you to include collision and comprehensive coverage. USAA offers full-coverage policies, with their basic policies including:

      • Collision coverage: This pays for damages done to your vehicle caused by a rollover collision regardless of which driver is at fault.
      • Personal Injury Protection (PIP): This pays for medical and funeral bills, disability, and lost income for you and your passengers, regardless of which driver is at fault.
      • Uninsured: This covers injuries to you and your passengers as well as damages to your vehicle caused by a driver lacking insurance.
      • Liability: This gives you protection for an injury or death of another person and damage to someone else’s property as a result of the accident.

        Like other auto insurers, USAA offers several add-on policies to give you extra protection. Some of its more common offerings include the following:

        • Rental reimbursement: This pays for the cost of a replacement rental vehicle while the original rental vehicle involved in an accident undergoes repairs.
        • Roadside assistance: If you need a tow or repair to your vehicle after getting stranded, this pays for that.
        • Auto glass repair: Comprehensive coverage protects several types of window glass as well as damage to headlights and taillights.
        • Gap insurance: This is available if you finance your vehicle and covers the difference from what you owe and how much the vehicle is worth in case it’s deemed a total loss. If you obtain a loan through USAA, you can purchase Total Loss Protection, which works similarly to gap insurance. It covers your vehicle’s actual cash value (ACV) up to $50,000. Another option is Car Replacement Assistance (CRA), and although similar to gap insurance, CRA will pay 20 percent more than the ACV of your vehicle.

          What Auto Discounts Does USAA Offer?

          Just like many other insurance companies, USAA does offer several ways for drivers to save money on their premiums. Some of these discounts include the following:

          • Safe driver discount: Also known as Premier Driver Discount, this requires you to have a clean driving record for at least five years.
          • Driver training discount: Drivers under the age of 21 can take a basic driver training course for a discount.
          • Good student discount: College students and teenagers can qualify for discounts if they have a “B” average from the preceding semester. Students must be enrolled full-time and maintain a 3.0 GPA.
          • New vehicle discount: If your vehicle is less than three years old, you might receive a discount.
          • Multi-vehicle discount: You might get a discount if you have policies on two or more vehicles.
          • Annual mileage discount: Drivers who are 29 years of age or older can get a discount based on the number of miles driven each year.
          • Family discount: USAA offers up to a 10 percent discount for former dependents under the age of 25 with a clean driving record. They must have had coverage on their parents’ policy for at least three years.
          • Military installation discount: You can get up to 15 percent savings on comprehensive and collision coverage when you keep your vehicle on base.
          • Stored-vehicle discount: You can receive up to 60 percent off your premiums if you’re deployed and store your vehicle. The vehicle cannot be driven for at least 30 consecutive days.

            Keep in mind that certain discounts have restrictions, so verify that you qualify when you speak with your USAA representative. Not all discounts are offered in every location and are subject to change.

            If you qualify for USAA auto insurance, you might be able to save hundreds of dollars on your policies. The insurer offers a variety of discounts that you might be eligible for to help you keep those rates as low as possible.

            Sources:

            USAA Auto & Home Insurance Review

            AUTO INSURANCE

            What Is GAP Insurance on a Car?

            What Does Full Coverage Car Insurance Cover?

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