The Best Auto Insurance for Veterans

In 1922, 25 Army officers came together to insure one another’s vehicles, thus creating USAA. In the century since then, the organization has grown into one of the top auto insurance providers and the only one that serves military members, veterans, and their families specifically.

USAA has a lot to offer its customers, including the lowest rates on the market, the highest customer satisfaction rating, and a wide range of financial services to choose from. In addition to auto insurance, USAA offers home, health, life, and small business insurance.

Insurance Savings

USAA has the lowest annual average insurance rate by several hundred dollars. Not only that, but the company offers a variety of auto insurance discounts for having a clean driving record, maintaining good grades, garaging your car on a military installation, and more. According to USAA’s website, the average member saves $725 on their annual premium when switching to USAA for auto insurance.¹

While USAA offers savings for military members, veterans, and their families, it doesn’t actually offer a veteran discount. However, the company’s lower rates beat out any discount that its competitors offer, meaning you’re still likely to save money.

Outstanding Customer Service

USAA ranks among the best companies for customer service according to J.D. Power’s 2021 U.S. Auto Claims Satisfaction Study.²

If you’re a USAA customer, there are plenty of ways to contact the company if you need help. Customer service options include phone, fax, online roadside assistance, and online messaging.

Many Financial Services

USAA is a great option for those who want all of their financial services in one place. When you become a USAA member, you have access to a wide variety of services, including insurance, bank accounts, credit cards, investment accounts, and retirement accounts. Additionally, you’ll have access to personalized financial advice, financial readiness tools, and other resources that can help veterans and their families manage their money.

To take advantage of these financial services, including USAA’s car insurance coverage, you’ll need to become a member. The good news is that becoming a member is easy and free. As long as you’re a military member, veteran, pre-commissioned officer, or a family member, you can sign up for membership online.

When you’ve served your country, the last thing you want to do is argue with a customer service representative or agent over a claim. Fortunately, with Farmers, you can expect a high rate of customer satisfaction. The provider has an 848 out of 1,000 rating from J.D. Power, meaning that customers are largely satisfied with its service.

Good Reputation for a Reason

Liberty Mutual has been in business for nearly 100 years, and with 19 million customers, it must be doing something right. The provider has an excellent reputation in terms of customer satisfaction and financial stability.

Not only do customers rate it highly with J.D. Power, but AM Best gave it a grade of A in terms of financial stability. That means that you can trust that Farmers has the money to pay your claims in a timely manner. And with an A- from the Better Business Bureau, the company is truthful in its advertising and promises to customers.

User-Friendly Mobile App

You’re driving and get pulled over. The police officer asks you for proof of insurance, but where is it?

With Farmers, you can show your insurance ID card through its mobile app, Farmers Mobile, which is available for both iOS and Android devices. Currently, the app has a 4.7 Android rating and a 4.8 iOS rating. Aside from showing your proof of insurance, use your mobile app to do the following:

• View your policy documents, including your policy declarations page
• Change your payment methods
• Contact your agent
• Get quotes for coverage
• Pay your premium
• Request roadside assistance
• Submit a claim
• Track the status of a claim

Bundling Options

Chances are, car insurance isn’t your only insurance. Rather, you might need other types of insurance to protect your home, family, or even your business. Farmers offers the following types of insurance policies in addition to auto:

• Business
• Boat
• Condo
• Homeowners
• Landlord
• Life
• Motorcycle
• Off-road vehicle
• Pet
• Renters
• Umbrella

Save money by bundling multiple policies with Farmers, in addition to your veteran discount.

Liberty Mutual is the auto insurance company on our list that has been in business the longest, dating back to 1912. Today, the company operates in 30 countries and provides auto insurance, property insurance, business insurance, life insurance, and more.

Savings and Resources for Veterans

If you’re a military veteran, you can save up to 10 percent on your premium with Liberty Mutual. The company’s military discount applies to active, retired, and reserved members of the U.S. Armed Forces.

However, Liberty Mutual’s military discount isn’t the only way the company serves current and former military members. On top of that, the company has special employee programs and benefits for current and former military members.

Many Coverage Options

Liberty Mutual has the best lineup of coverage options of any company on our list. First, the company has all of the coverage options you’d expect of any insurance carrier, including liability, collision, comprehensive, medical payments, and uninsured motorist coverage.

Additionally, Liberty Mutual offers coverage options that not all providers offer, such as the following:

• Deductible fund: You can opt in to pay an extra premium on your collision insurance to reduce your deductible by $100 per year.
• Lifetime repair guarantee: With this coverage, Liberty Mutual makes repair arrangements on your behalf rather than you having to make them yourself.
• New-car replacement: If your car is totaled in the first year, Liberty Mutual will pay you the full amount rather than the depreciated amount.
• Better-car replacement: If your car is totaled, Liberty Mutual will pay you enough to buy a model that’s one year newer.
• Teacher car insurance: This coverage provides extra coverage for vandalism, collisions, stolen supplies, and more.

Excellent Discounts

Liberty Mutual has one of the largest lists of discounts of any company on our list. First, the company offers many of the discounts you would find with other carriers, such as bundling discounts, safe driving discounts, and automatic payment discounts.

But the company offers plenty of other discounts. You can save by being a homeowner, regardless of whether you have bundled your homeowners and auto insurance policies. You can save by shopping for insurance before your current policy expires, having a GPA of B or better, having a child away at school, signing up for paperless billing, and more.

Similar to other companies, Liberty Mutual offers a program drivers can opt in to to save called RightTrack. RightTrack allows Liberty Mutual to track your driving habits and reward you for being a safe driver. You’ll get a discount just for opting in to the program, as well as another one if you show you’re a safe driver.

Sometimes, it’s true that bigger is better. GEICO is the second-largest car insurance provider in the U.S., insuring 28 million vehicles. It has the largest claims reserve of any auto insurer, with over $8 billion to pay claims across all of its insurance offerings.³ That means that if you have a claim, GEICO will be able to cover it, which is the purpose of an insurance provider in the first place.

Designed With Veterans in Mind

GEICO’s car insurance has discounts for veterans, as well as for those affiliated with certain military organizations. You can purchase your car insurance from veterans themselves and receive a customized insurance ID card that showcases your veteran status. Enjoy a discount of up to 15 percent, or more if you’re a federal employee as well as a veteran.

Wide Coverages

Of course, GEICO offers the typical coverages: liability, medical payments/personal injury protection, uninsured motorist, collision, and comprehensive, to name a few. But it also offers a few services that not every provider offers:

• Roadside assistance: Bundle your roadside assistance and your car insurance with GEICO. Help is available 24/7 if you need a tow, a jump-start, fuel delivery, or lockout service. And the best part? The cost starts at only $14 annually per car, making GEICO’s roadside assistance quite the steal.
• Rental reimbursement: If your car is being repaired under a covered claim, GEICO’s rental reimbursement coverage could pay you up to $25 a day, up to $750 total, for a rental car. That way, you won’t have to ask your family members for rides. Plus, if you use Enterprise as your rental car company, GEICO can bill it directly so you never have to wait for reimbursement.
• Personal umbrella: For the most protection, we recommend personal umbrella insurance. This coverage would kick in in case you face losses that exceed the limits of your other coverages. For example, if someone sues you after a car accident, umbrella insurance could pay for the costs of the lawsuit, except in New Hampshire and New York.
• Classic car: Do you have a Ferrari, a car made before 1979, or a classic military vehicle? If so, consider GEICO as your classic car insurer. Check with your agent to make sure it is eligible, and then you can settle on an agreed value, which won’t depreciate if you have a claim.
• Mexico coverage: Most likely, you’ve traveled in your military career. If that same wanderlust is still with you, you can use your GEICO insurance, through a separate tourist policy, if you drive to Mexico. Regular car insurance will cover you in the U.S. only, but whether you’re going to Mexico for a short time or an extended period, you can get insurance plus roadside assistance from GEICO. Choose from daily, six-month, or annual policies.

Array of Discounts

Aside from the veteran discount, you can stack discounts to save money. Here’s what GEICO has to offer: