Discounts run the roost today when it comes to insurance advertising.
Insurers are playing on the fact that the average person doesn’t understand how car insurance rates are determined and advertises accordingly.
You see, not all insurers charge the same for their car insurance. In fact, some companies charge twice what others do.
So what’s the best way to hide that fact? Simply tell the general public that they’re getting discounts out the wazoo and hope they don’t shop around.
Tip: Always do the math. An insurance policy that costs $1,000 per year after 50% worth of discounts still costs more than a $900 policy with ABSOLUTELY NO DISCOUNTS!
That said, let’s look at the car insurance discounts offered by USAA. Keep in mind that every state is different, and this post may not include every possible discount. These discounts are also subject to change over time.
USAA Auto Insurance Discounts
Defensive Driving Class Discount – Be wary of this one. There are “restrictions” to it, which typically means it only works for the very young and elderly drivers.
Driver Training Discount – Complete the driver training course and get the discount.
Military Discount – This discount usually only applies to vehicles owned by soldiers on deployment and usually only to the comprehensive coverage portion of your premium, and in some cases collision coverage.
Loyal Member Discount – Continue to pay for car insurance with USAA no matter how much cheaper you can find coverage somewhere else, i.e. don’t shop around, and you will be rewarded with a discount (note the sarcasm).
Multiple Products Discount – Add your home, renters, life and or health insurance coverage to USAA and save a little extra.
Family Discount – If you blindly buy insurance from USAA and your parents have done so before you; get a discount of up to 10%. You must be under 25, have been on your parents policy for three years and have a clean driving record to get this one. I guess the whole, “My parents earned the right to pay USAA for insurance,” thing only works if they are fairly certain you won’t have any insurance claims…
New Vehicle Discount – Look for a discount if your vehicle is three years old or newer. Restrictions apply.
Annual Mileage Discount – Lower mileage equals a lower insurance premium…if you are over 29 years old. Restrictions apply.
Multiple Vehicle Discount – Owning two or more vehicles will lower your premium. Restrictions apply.
Stored Vehicle Discount – Earn a discount of up to 80% if your vehicle is stored in a “secured location,” not driven at all. Basically, you get a discount on coverage for a virtual guarantee that you will not have a claim.
As always, don’t forget to ask about the restrictions on these discounts when speaking with your USAA representative. Not all discounts are available in all locations.
Also be sure to shop online for insurance quotes from multiple insurers if your goal is to get the lowest premium for the coverage you need.
We here at TTAI aim to do the research for you and let you make an informed decision about your insurance needs. While there are thousands of car insurers in the United States, we try to tackle the big ones.
P.S. Let us know if we missed any USAA car insurance discounts!