USAA insurance company is one of the largest insurance and financial services providers in the U.S. They focus solely on military personnel, both active duty and retired. If you are in the military or were in the past, you may want to check out USAA as you shop for homeowners insurance. To compare USAA to other companies, take a few moments to read over their history, policies, product features and financial outlook. Finally, you can compare USAA rates with those of other top homeowners insurance companies in your area.
USAA Company History
USAA began in 1922 in San Antonio, Texas as 25 Army officers determined their best option would be to insure each other’s vehicles. From these 25 officers, USAA has grown into a Fortune 500 company with over 7 million members. In the 1960′s USAA began offering homeowners insurance. USAA expanded their customer service potential with a toll free number in 1978 and their website launched in 1999. USAA is now a multiple winner of the Business Week Customer Service Award. Today, USAA offers a complete line of insurance, banking and investing services for its members and still focuses military personnel and their families.
USAA Company Policies
If you qualify to be a member of USAA, you have a variety of insurance policies and options to choose from. With your policy, you can get quality coverage for your home and personal belongings as well as liability coverage and protection for additional structures on the property. You can also add options for identity theft, expensive personal property and additional liability protection.
In addition to homeowners insurance policies, USAA also offers the following products and services.
- Auto insurance
- Health insurance
- Life insurance
- Long term care insurance
- Retirement planning
- Various investment services (mutual funds, college savings, etc.)
USAA Additional Features
In addition to the insurance policies and financial services, USAA offers additional features and benefits for its members. USAA already offers discounts for military members and families but adds to that excellent customer service. They consistently finish each year as one of the top ranked customer service companies in the insurance industry. You can combine insurance products to take advantage of additional savings.
If you bank with USAA, you can save money by not having to pay transaction fees at ATMs as well as take advantage of their extensive online banking. The financial services provided by USAA are tailored to military personnel, so they know how to plan with your unique situation in mind.
USAA Financial Stability
When choosing your insurance provider, do not overlook the financial strength of the company backing the policy. If there is a major disaster, your company needs the financial strength to settle claims.
Here are the latest financial stability ratings for USAA insurance company.
- A.M. Best: A++ (Superior)
- Moody’s: Aa1 (Excellent)
- Standard and Poor’s: AAA (Extremely Strong)
- Ward’s: Top 50 company
This puts USAA at the top of the insurance industry as far as financial strength is concerned.
Compare USAA Rates With Other Providers
As you compare all prospective insurance companies, you will undoubtedly want to compare rates as well. If you are a member of the military, USAA may be the best option for you. However, you will not know for sure unless you compare. It will only take about 15 to 20 minutes to gather multiple rate quotes. This can be done online and once you have completed the quote form, you will have multiple quotes for which to compare. A little shopping in this manner will help you find the most affordable homeowners insurance for you and your family.