
Find Your Perfect Policy: 866-843-5386
These companies offer the best discounts for veterans.
Not only does USAA tailor its services to military members and veterans, but it also offers the best insurance rates, the highest customer satisfaction rates, and other benefits veterans will appreciate.
Farmers has an 848 out of 1,000 rating from J.D. Power, indicating a higher-than-average rate of customer satisfaction.
The latest data from the U.S. Census Bureau indicates the U.S. has about 17.4 million military veterans, making up nearly 7 percent of the population. When returning to civilian life, these veterans have many of the same car insurance needs as everyone else. However, some companies offer perks aimed specifically at those who served. Get rewarded for your service with low car insurance rates from the following providers.
Features | Best for | Veteran discount | Who qualifies for veteran discount | Average annual premium for veterans | Review |
---|---|---|---|---|---|
#1. USAA | Overall | N/A (only serves veterans/military members) | USAA members separated or retired from the U.S. Armed Forces with an honorable or general under honorable conditions discharge | $1,035 | USAA review |
#2. Farmers | Customer service | 2-5% | Retired or honorably discharged military veterans | $1,584 | Coming Soon |
#3. Liberty Mutual | Coverage options | Varies | Retired members of the U.S. Armed Forces | $2,735 | Liberty Mutual review |
#4. GEICO | Claims | 15% | Retired members of the military; more discounts for affiliations with specific military organizations | $1,104 | GEICO review |
Best Auto Insurance for Veterans Overall: USAA
Best Veterans Auto Insurance for Customer Service: Farmers
Best Veterans Auto Insurance for Coverage Options: Liberty Mutual
Best Veterans Auto Insurance for Claims: Geico
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.
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.
USAA ranks among the best companies for customer service according to J.D. Power’s 2021 U.S. Auto Claims Satisfaction Study.2
Region | Rating (out of 1,000) | Placement |
---|---|---|
Central | 879 | First |
Mid-Atlantic | 881 | First |
New England | 884 | First |
North Central | 891 | First |
Northwest | 883 | First |
Southeast | 886 | First |
Southwest | 856 | First |
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.
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.
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.
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:
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:
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.
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.
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:
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.
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.
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:
Aside from the veteran discount, you can stack discounts to save money. Here’s what GEICO has to offer:
Name of discount | Maximum discount | More information |
---|---|---|
Airbag | 23% | Discount on medical payments coverage/personal injury protection only |
Antilock brakes | 5% | Must be factory installed |
Anti-theft system | 23% | Discount on comprehensive coverage only |
Daytime running lights | 3% | Applies to certain coverages only (not listed) |
New vehicle | 15% | Must be three model years or newer |
Good driver | 22% | No accidents in previous five years |
Uses seat belt | Varies | Discount on medical payments/personal injury protection only |
Defensive driving | Varies | Must complete an approved defensive driving course |
Driver’s ed course | Varies | For young drivers only; applies to most coverages |
Good student | 15% | Must be a full-time student with good grades |
Federal employee | 12% | Active or retired federal employees only |
Membership/employee | Varies | Member to over 500 groups |
Multi vehicle | 25% | Must insure two or more cars with GEICO |
Multi policy | Varies | Bundle auto with homeowners, renters, condo, or mobile home policy |
When putting together our list of the best auto insurance for veterans, we wanted to pull together providers with the best variety of perks. First, we specifically looked for companies that offer discounts for military veterans. Each of the companies on our list offers such a discount, with the exception of USAA. But as we mentioned above, that company has considerable savings built into its premiums, in addition to everything it provides to the veteran community.
Additionally, when crafting our final list, we used a three-pronged approach:
We also have plenty of institutional knowledge from our decades in the industry, allowing us to speak to each provider’s strengths and weaknesses, as well as what consumers want in a car insurance company.
Farmers, Liberty Mutual, and GEICO each offer a discount for veterans. USAA doesn’t offer a veteran discount, but it is available only to current and former military members and offers considerably lower average rates than its competitors, so veterans can still save.
USAA is considered the best car insurance for veterans, and it’s easy to see why. It offers the best auto insurance rates for veterans. Additionally, there’s no other company that matches its J.D. Power customer satisfaction ranking of 909 out of 1,000.
The documentation you’ll need to show to prove your veteran status depends on the insurance company. You can often use your military service records or your veteran identification card.
Auto Insurance Discounts. USAA. (2022).
https://www.usaa.com/inet/wc/auto-insurance-discounts?akredirect=true
Auto Insurance Claim Satisfaction Rises on Combination of Soaring Vehicle Values and Growth of Straight-Through-Processing Claims Management, J.D. Power Finds. J.D. Power. (2021, Oct 28).
https://www.jdpower.com/business/press-releases/2021-us-auto-claims-satisfaction-study
Financial Information. Geico. (2022).
https://www.geico.com/about/corporate/financial-information/