Active duty service members and military veterans have many of the same needs as their civilian counterparts. If you’re a member of the military or veteran, you have a family you care about, dreams you want to achieve, a life to live, and, of course, bills to pay.
To help veterans and others with military affiliation find the best autoinsurance, we’ve assembled this article. It covers the best car insurance companies for military members and veterans, autoinsurance discounts for service members and veterans, as well as other ways a military affiliation can potentially save you money on car insurance, buying, ownership, and financing.
Now we’re continuing to empower you with the information you need to make the right choices for your life with our Best Car Insurance Rankings. Quadrant obtained publicly available rate data that car insurers file with state regulators.
Our study rates are based on profiles for both male and female drivers aged 25, 35, and 60. Vehicles used include the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford-F-150, with annual mileage ranging from 6,000 and 12,000.
You need to have a military affiliation to get USA autoinsurance, but that’s not the reason why it is the best place for veterans and members of the armed forces to buy an insurance policy. Our research showed that USA insurance is the best not just because it caters to service members and others with military ties.
Rather, USA excels at customer satisfaction and, according to our study, tends to have lower annual rates than the other nine largest autoinsurance companies in the country. Because low autoinsurance rates are pretty useless if you’re not satisfied with the service and customer satisfaction you get, we’ll look at how USA treats their member-customers first.
Looking at a few states with large military populations, we see that our representative driver profiles insured by USA Coinsurance would save serious amounts of money. In California, which has massive bases supporting every branch of the U.S. military, they have rates about 19% lower than the state’s average autoinsurance costs.
In Virginia, home to the U.S. Navy’s Atlantic Fleet, our representative drivers would have insurance costs a whopping 51% lower than the state’s average. If you’re enrolled in college on an ROTC scholarship, attending a service academy, or are an officer candidate within two years of commissioning, you also qualify for USA membership and can purchase their car insurance.
Despite serving a small section of the general population, USA has managed to grow to a 5% market share for car insurance. Like USA, GEICO was formed specifically to serve government and military personnel.
State Farm offers a discount for active duty military, but doesn’t list a veteran discount. Other car insurance companies that offer military or veteran discounts include Progressive, Nationwide, Liberty Mutual, and Farmers.
Because these companies have lots of experience working with military-specific issues, they are equipped to rapidly respond to the realities of military life. Some car insurance providers offer extra benefits, such as roadside assistance, accident forgiveness, and mobile apps to manage your account and file claims.
Knowing that a spouse or children back at home have the safety net of roadside assistance can provide peace of mind to deployed military personnel. Car insurance isn’t the only way military members, their families, and veterans can save on automotive expenses.
Some local dealers also offer special purchase and financing incentives to active duty armed forces members and veterans. Navy Federal Credit Union, for example, is one of the largest car lenders in the country, and you have to be a current or former member of the military, civilian contractor, or DOD employee to join.
Motorcycle manufacturer Harley-Davidson not only offers special financing, but they’ll store your bike while you’re on deployment. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates.
Advertiser Disclosure : We strive to help veterans make confident autoinsurance decisions. Editorial Guidelines : We are a free online resource for veterans interested in learning more about autoinsurance.
We update our site regularly, and all content is reviewed by autoinsurance experts. Veterans can get special discounts for their service at some insurers if they were honorably discharged.
Some companies offer steep discounts for veterans, and you can get great savings civilians cannot access. Active duty service people and veterans can both enjoy the break on premiums some insurance providers offer.
If you want to find autoinsurance quotes for disabled veterans or find out which companies add discounts for disabled veterans’ autoinsurance, enter your ZIP code to start comparing insurance rates from companies today. If you served your country in the United States Military and were honorably discharged, there is no reason you shouldn’t expect some compensation.
Insurance companies offer this as a way to express gratitude for those men and women for their time-serving in the U.S. Military. Most auto insurance companies offer a discount to veterans for their policy.
It is just a matter of finding the company that offers you the best-discounted premiums while still providing you with the policy and coverage you want. Insurance companies understand that most veterans retain their disciplined standards, which carry over into their driving behavior and habits.
If you have a respectable driving record, you can expect to see some great rates for your auto insurance. Because of this risk, drunk driving infractions may prevent you from getting discounts on veterans’ auto insurance.
Below is a list of insurers who offer discounts specifically for retired veterans. While this may raise your rates slightly, it is important that you have coverage on your modified car parts.
It is easier to make these modifications to larger vehicles, such as SUVs. If you are having trouble paying for modifications to your car, you should reach out to the U.S. Department of Veteran Affairs.
You can save up to 15 percent on GEICO’s military discount for armed forces and soldiers’ autoinsurance. Finding cheap autoinsurance for veterans depends on where you live and your driving record.
However, USA autoinsurance rates generally tend to be the cheapest in most states. If you want to start shopping for disabled veteranautoinsurance rates today, simply enter your ZIP code to find low autoinsurance rates for disabled veterans.
If you’re a veteran or active member of the military, you and your family might be eligible for some of the best car insurance rates around. Of the companies that provide military discounts on car insurance or offer special perks to service members, none approach is the same way.
Taking into account customer satisfaction, consumer complaints, overall NerdWallet ratings, discount details and what we know about pricing, here’s how three insurers compare. Discount details: Members receive 15% off comprehensive coverage for a vehicle garaged on a military base.
Discount details: GEICO offers up to a 15% autoinsurancediscount for retired or active duty military, National Guard members and those enlisted in the Reserves. GEICO (like nearly all companies) was more expensive than USA in our annual nationwide car insurance rate analysis.
However, it got fewer consumer complaints than USA for autoinsurance in 2018, relative to its size, according to the National Association of Insurance Commissioners. You may still get a cheaper price from GEICO when the military discount is factored in, because it applies all the time and not just when deployed or living on a base.
It had close to the median number of complaints to state regulators relative to its size, according to the Nail. Entrance allows service members to cancel and reinstate autoinsurance policies without considering it a lapse in coverage.
Having a lapse in car insurance coverage, even while on military deployment, can result in higher premiums and status as a high-risk driver. USA and GEICO, for example, provide financial guides and checklists for service members facing deployment.
If you’re a veteran or active member of the military looking to compare car insurance, take advantage of discounts available to you. Shop for the best deals, get quotes and compare rates before deciding on the military car insurance policy that’s best for you.