Nowadays, many home and auto insurance companies can accommodate the unique demands of military personnel and their families. Members of the U.S. military who are on active duty, in the reserves, or have served in the past can take advantage of customized coverage and exclusive discounts with these firms.
This article details the three best military car insurance companies and some frequently asked questions about military car insurance.
USAA specializes in several products and services for retired and active-duty military personnel and their families. They only provide insurance to those who are associated with the military, such as:
- Active Duty, Guard, Reserve
- Cadets and Midshipmen
- Eligible Family
USAA tops the list if you want to store your vehicle while you’re deployed. If you park your car on a military base, USAA will reduce your insurance rates by up to 15%. In addition, the company will lower your rate by 60% if you deploy and keep your car in a secure location.
By taking advantage of these savings, you may only have to spend $250 a year, which, according to value penguin, is less expensive than the option of letting your vehicle insurance lapse.
Consequently, these reductions and USAA’s affordable yearly rates will probably result in deployed and active military members paying the lowest for car insurance.
Geico may not have the most comprehensive policies, but it offers several discounts, especially for military members. Geico may also end up being the least expensive option if you are not on active duty or are a veteran.
Overall, Geico is one of the most affordable insurance providers in the United States. Geico provides veterans with discounts of up to 15% regardless of whether they are currently in an active duty position.
If you belong to any of the following agencies, you may be eligible for Geico’s military discounts:
- Fleet Reserve Association (FRA)
- Association of the U.S. Army (AUSA)
- National Infantry Association (NIA)
The discount they offer active service members represents Geico’s major drawback compared to USAA. While both companies offer discounts when you are away from home, and your vehicle is in storage, Geico only offers a 25% reduction in your premium. However, unlike USAA, the reduction is only accessible if you are deployed to an area of “imminent danger pay.”
Although Esurance doesn’t provide a military discount, they do provide a feature that can help active duty military personnel save a lot of money on their car insurance. When a person is summoned to active duty, Esurance allows them to cancel their car insurance without incurring any fees. Once they return and need to use their vehicle again, they can renew their insurance. Since most insurance providers only provide you favorable rates if you maintain coverage over time, terminating your policy while on deployment would cost you money.
The main downside of Esurance is that its rates are more in line with the national average and are not as affordable as those of USAA or GEICO.
Active duty and retired military personnel can get some of the best rates from USAA. Geico, Farmers Insurance, and a few other companies that provide military discounts in specific states may also grant you military discounts.
There are two categories of people that are eligible for USAA insurance. People who are or have been a part of the American armed forces come first. The second group consists of those who are either wed to or the children of former USAA insurance holders. You are, therefore, eligible for USAA insurance if one of your parents had it while serving in the Army. However, you are not eligible if they have never had USAA insurance.
You can receive a discount of up to 15% from Geico if you are a serving military member or have been honorably discharged from service. If you are being sent to a region currently engaged in conflict, you can also be eligible for a larger discount. To sign up, you can contact Geico at 1-800-MILITARY.
Most car insurance companies will request some paperwork to validate the discount. Depending on the business, you may need to provide proof that you are an eligible family member, an active or retired member of the military, or both.