With so many auto insurance companies on the market these days, it can be difficult to decide which one is the best fit. One company that is often overlooked is USAA. Available in all 50 states, USAA is an auto insurance company that primarily serves members of the military, both current and veterans. But many people don’t realize that family members, including children of people who served, can also access USAA’s excellent insurance offerings.
There are several discounts that USAA offers, but here are five of the best ways to save money with USAA auto insurance.
Guaranteed Asset Protection
Everyone knows that once a buyer drives that new car off the lot, it immediately depreciates. But accidents can happen at any time. What makes it extra painful is that the car’s value can be significantly less than the cost the owner is on the hook for.
Guaranteed asset protection is a way to bridge that gap. With this service, USAA will reimburse the owner for the difference between the sticker price and the current value when there is a total loss. While the owner still has to pay a deductible, this program can bring peace of mind that the owner will receive the total value of their car in an accident resulting in total loss.
Rideshare Insurance
More and more people are taking side jobs as rideshare drivers for companies like Uber or Lyft. People who are working these jobs need special insurance. USAA offers rideshare insurance, covering drivers waiting to drop off or pick up a rideshare customer.
Storage and Garaging
Military members go on deployment and then have to scramble to find a place to stow their car. USAA offers a deep discount on car storage for this situation. Policyholders can save up to 60 percent on storage costs.
Another great discount is available for military members and families who park their car in a garage on a military base. They can save up to 15 percent on their insurance policy.
Family Discount
When a policyholder has multiple family members also holding USAA policies, he or she can get an additional discount. It pays to bring in family members to the USAA family. When policyholders combine this discount with the length of membership discount, the savings can be huge.
Multi-policy Discount
It’s very common for members of the military and their families to rent since active duty members often move from one place to another every couple of years. USAA offers both home and renters insurance. Customers who bundle their auto insurance with renters or home insurance can see significant savings on their bills.
Great Discounts, Great Coverage
Currently, almost 13 million people hold auto insurance policies with USAA. There are so many more advantages besides these five great discounts that USAA can offer. It never hurts to call and get a quote—it might lead to some serious money savings.