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USAA Rates

mogley98mogley98 Member Posts: 18,291 ✭✭✭✭
edited September 2018 in General Discussion
From everything I have read on here USAA is a GREAT company so I decided to compare quotes.

I currently have Progressive and their partner with Homeowner ins. I had switched form Liberty Mutual when they tried to keep going up. I bundled so I asked USAA to quote the same way.

My current auto is 1200 a year, USAA same coverage 1100 for 6 months!

My House is 980 a year with Progressive and USAA wanted 1600.

I haven't had to file a claim with Progressive but I ain't paying that much more for USAA.

As I said back in the OP if you are not comparing rates occasionally you are paying too much.
Why don't we go to school and work on the weekends and take the week off!
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Comments

  • hillbillehillbille Member Posts: 14,458 ✭✭✭✭
    edited November -1
    checked into them for utv insurance last year, found out they won't insure off road vehicle in WVa. ended up with progressive myself
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  • claysclays Member Posts: 1,928 ✭✭✭✭
    edited November -1
    I also made the comparison as I was shopping around for better rates. My home and auto have been with ERIE for around 15 years and my motorcycle with GEICO. USAA was significantly higher for home and auto. Just this past year ERIE has begun writing motorcycle insurance. My policy is now $240, a year less than GEICO and that includes full coverage for both bikes now as I previously only had it on one. USAA may have high ratings when it comes to customer service & claims, but I will stay with ERIE.
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  • JamesRKJamesRK Member Posts: 25,670 ✭✭✭
    edited November -1
    When you compare USAA to other companies you should also consider the USAA Subscriber?s Account that comes with USAA membership. It may or may not cover the difference in premiums but it deserves a look.

    Insurance companies are required to have some assets in cash on hand to pay claims. USAA puts a percentage of your premium in an account for that. At the end of the year you get an account statement of how much money you have in that account. You can?t withdraw money from that account as long as you are a member of USAA.

    The cash in that account always exceeds the amount paid out. Just before Christmas they send checks to members based on how much is in the account. When you leave USAA you or your survivors can cash out of your account.

    With Progressive or most other companies that money belongs to Progressive or most other companies.

    I might have explained this wrong, but I?m sure USAA would be happy to explain it to you. I don?t know why they don?t publicize this.
    The road to hell is paved with COMPROMISE.
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  • Locust ForkLocust Fork Member Posts: 32,078 ✭✭✭✭
    edited November -1
    You get discounts for having multiple accounts with USAA too.....we have several policies with them.

    When we first got auto insurance with them we looked into homeowners coverage and they were more expensive.....but Safeco kept raising rates until USAA was cheaper.

    Anyone looking for coverage can submit the details and disclose what they are being quoted by other companies to get them to compete for your business.
    LOCUST FORK CURRENT AUCTIONS: https://www.gunbroker.com/All/search?Sort=13&IncludeSellers=618902&PageSize=48 Listings added every Thursday! We do consignments, contact us at mckaygunsales@gmail.com
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  • mogley98mogley98 Member Posts: 18,291 ✭✭✭✭
    edited November -1
    Interesting I will have to check into this
    quote:Originally posted by JamesRK
    When you compare USAA to other companies you should also consider the USAA Subscriber?s Account that comes with USAA membership. It may or may not cover the difference in premiums but it deserves a look.

    Insurance companies are required to have some assets in cash on hand to pay claims. USAA puts a percentage of your premium in an account for that. At the end of the year you get an account statement of how much money you have in that account. You can?t withdraw money from that account as long as you are a member of USAA.

    The cash in that account always exceeds the amount paid out. Just before Christmas they send checks to members based on how much is in the account. When you leave USAA you or your survivors can cash out of your account.

    With Progressive or most other companies that money belongs to Progressive or most other companies.

    I might have explained this wrong, but I?m sure USAA would be happy to explain it to you. I don?t know why they don?t publicize this.
    Why don't we go to school and work on the weekends and take the week off!
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  • shilowarshilowar Member Posts: 38,811 ✭✭✭
    edited November -1
    I used to have USAA....their car insurance was cheaper, but when I bought my new house they could not compete on HOI. So I switched everything to ERIE. The explanation for the difference in rates from ERIE was that USAA covers alot of high dollar properties in high risk areas such as the coast. So since I am way out in the country, not near any fire hydrants, with a volunteer Fire Dept USAA dings me hard on rates.
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  • BrookwoodBrookwood Member, Moderator Posts: 13,771 ******
    edited November -1
    It is not a bad idea to shop around for lower insurance costs every few years. Once upon a time customer LOYALTY meant something to businesses. Not anymore!

    Just an added side note, I don't need my insurance company charging more to maintain a savings account for when I give them up. [xx(]
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  • tsavo303tsavo303 Member Posts: 8,913 ✭✭✭
    edited November -1
    Usaa does my house and cars. They are absolutely excellent and we?re the best option
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  • sharpshooter039sharpshooter039 Member Posts: 5,897 ✭✭✭
    edited November -1
    I have had State Farm for 20+ years,auto,home even on my business, every 2 years I call around to compare rates and what I am paying is about 1/2 what everyone else quotes me.
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