Best Car Insurance For Veterans

Car Insurance For Military Members: What You Need To Know

Many different groups negotiate discounts for their members with auto insurance companies. The Canadian Armed Forces is no exception. This means active and retired Army, Navy or Air Force members can qualify for military discounts on their auto insurance policies with certain companies. This applies for both Regular or Reserve Force members.

Active military personnel may need to train in different parts of the country or deploy internationally. Shorter-term or pay-as-you-go policies might help these drivers save money. There are also discounts on car insurance for military veterans, as well as for military spouses and dependent children.

To find the best military car insurance coverage policy for you its essential to compare rates from multiple companies. LowestRates.ca works with over 50 of Canadas best insurance providers to help you find the best deal. Continue reading to learn more about military car insurance rates in Canada, or enter your postal code and use our online tool to start comparing quotes.

See how our customers save big on auto insurance.

Military Car Insurance Rates

USAA has the cheapest car insurance for veterans and military members on average, according to our 2021 rates analysis. These rates are for full coverage insurance, which includes liability, comprehensive, collision, uninsured/underinsured motorist protection and any additional state-mandated coverage. Although Liberty Mutual and Armed Forces Insurance offer military car insurance, they aren’t included in our analysis because they don’t provide rate data.

Geico was more expensive than USAA in our annual nationwide analysis of car insurance full coverage rates. However, it has the cheapest minimum car insurance rates from the insurers catering to military members, including USAA.

Here are the average annual rates for state-mandated coverage from companies offering military car insurance or a military discount:

What Does Military Truck Insurance Cover

The standard auto insurance coverages are typically available through classic vehicle insurers, even for military vehicles. Plus, there are some optional coverages designed to account for your vehicle’s restoration, modifications, and more. Here are the military vehicle coverages available through Hagerty:

• Comprehensive and collision
• Optional roadside assistance
• Other optional coverages for spare parts and tools, increasing value while your military vehicle is under construction, and more

Learn more about car insurance requirements by state.

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How To Reinstate Your Car Insurance After Deployment

After you return home from deployment, you should reinstate your car insurance policy before you drive again. Otherwise, you could find yourself in a situation of being without insurance coverage during a claim if you drive your vehicle while it is still listed as in storage on your policy. You should call your car insurance company and work with an agent to take your policy off pause.

If you reduced your coverage to save money during deployment, consider increasing certain coverage types before you start driving. Keep in mind that you must reinstate your insurance before you hit the road if insurance is required in your state. Driving without insurance or proof of financial responsibility is illegal, and it comes with heavy consequences if you get caught.

Do Car Insurance Companies Check Your Credit

Your credit score will factor into your insurance premiums a better credit score gets you a lower premium. Studies indicate that drivers with high credit scores are less likely to file claims than those with low credit scores. Car insurance companies check your driving and to determine your liability risk.

This inquiry is a “soft pull” that won’t impact your credit score. Before applying for car insurance, you might want to check your credit score using a such as Chase Credit Journey or and take steps to improve your score to secure a lower car insurance premium.

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Can You Suspend Or Reduce Coverage

If youre planning to store your vehicle for an extended period of time, you can legally put your insurance on hold. While you can also cancel your insurance at any time, it is recommended to hold your policy.

However, you would only be able to suspend a portion of your policy, i.e., liability insurance. You will still be protected through comprehensive coverage.

Personal Liability Property Damage Insurance

PLPD insurance is a fundamental policy that covers minimum types of coverage mandated by most states. This policy mainly includes liability coverage, property damage coverage, and personal injury protection insurance.

Here is an overview of those coverages.

Liability Coverage

This coverage comes with a two-fold purpose. First, if you cause an accident that harms another person, it will cover their medical bills. The coverage also provides reimbursements for any property damage caused by you in an accident.

Personal Damage Coverage

This provides coverage for the damage caused to someone elses property when the insured is at fault.

Property Protection Insurance

This insurance provides reimbursements in case you damage someone elses property, excluding vehicles.

Personal Injury Protection Coverage

This type covers your medical bills or accounts for lost wages if you end up in an auto accident.

PLPD insurance does not include collision coverage, comprehensive coverage, uninsured motorist coverage, or mini-tort coverage.

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Best Car Insurance For Veterans And Members Of The Military

The best car insurance for veterans and people in the military is USAA, which has the lowest rates and highest-rated customer service of any major company.

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If youre in the military or a veteran, you still need car insurance to protect yourself from the cost of an unexpected car accident, just like a civilian. We found that USAA is the best car insurance for active-duty members of the armed forces and veterans.

USAA has the cheapest rates, plus its available nationwide and offers unique discounts for service members and vets. GEICO is our runner-up pick for the best auto insurance for veterans and members of the military.

Best International Car Insurance For Military And Veterans

You might want to take your car with you or purchase a vehicle to use overseas, but your standard insurance wont automatically cover this. The good thing is that USAA and Geico both have options to add international coverage, and they both have offices abroad. Also, Geico offers a marine insurance option to cover your car if you ship it to a new location.

If youre shipping your car, youll have to set up an international insurance policy before you leave. If you had left your car at home but decided to rent a car at your destination, you still need a separate international insurance policy.

An international insurance policy with USAA covers your car during transport. You also need insurance before you can register a car abroad, and most U.S. bases can help with the registration process. Finally, make sure you familiarize yourself with the roads at your destination. Many SUVs and trucks from the U.S. are too large to drive in other locations.

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Which Companies Offer Car Insurance Discounts For Veterans

Many national and regional car insurance companies offer special discounts and auto insurance rates for military members. However, discounts vary and every company sets its own requirements.

The company may, for example, offer special pricing to former, current, or reserve service members. Discounts may be available to some or all branches of the armed forces. Depending on the insurance carrier and the discount, you may need to show proof of service to qualify for the discount or special rate. Here are some examples of insurance companies that offer discounts to military members:

Life Insurance Coverage For Active Military And Veterans

Life insurance for military members isnt just for those with children if you have a loved one youd like to take care of or a charity you want to support, life insurance could provide some financial assistance if you were to pass away.

Anyone whos tried to take out life insurance as an active duty military member knows firsthand how difficult it is to find the right coverage. Many standard life insurance policies include a war clause that prevents benefits from being paid if the policyholder is killed during combat. This effectively disqualifies many service members from civilian life insurance.

The good news is that service members automatically get life insurance upon enlistment and can retain coverage after leaving the military. But keep in mind that you arent limited to these policies. You can also supplement or replace service members and veterans life insurance with a policy from a company like USAA that understands military needs.

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What Car Insurance Companies Give/offer Military Discounts

The following car insurance companies provide discounts for military personnel. USAA, AFI, The General Nationwide, Liberty Mutual and Farmers Insurance. As with any coverage or discount offer, you should always consult with a customer service representative or local insurance provider to see if a veteran discount is eligible.

More About Allstate Car Insurance

Allstate sells vehicle insurance for cars, motorcycles, classic cars and boats. For those that enjoy the outdoors and adventure, Allstate also offers coverage for ATVs and RVs.

Optional coverage that can be added to an Allstate policy include roadside assistance, rental reimbursement and sound system insurance. Allstate also offers add-on coverage of gap insurance, new car replacement and diminishing deductible.

Gap insurance helps if your car is totaled in an accident and you owe more than the vehicles value. Alllstates new car replacement coverage will pay to replace your car with a new car of the same make and model if it is two model years old or less and totaled in an accident covered by your policy. And enrolling in the diminishing deductible gets you $100 off your collision deductible immediately, and if you remain claim-free you can continue to reduce your deductible each year, up to a maximum of $500 off.

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Best Car Insurance For Military Veterans

Updated on Wednesday, January 4 2023 | 0 min. read| by Rob Bhatt

Your guide to auto insurance companies that cater to the military community with low rates and customized services.

Some car insurance companies show their appreciation for those in the military community by offering discounts to veterans. Other companies offer rates and services that favor a wide range of customers, including those who have served or are currently serving. Our guide to car insurance for veterans and active-duty military is designed to help you find the best car insurance at the cheapest price.

In this article

• Car insurance discounts for current and former members of the military

What Types Of Coverage Does Armed Forces Insurance Offer

Like other insurance companies, AFI meets your full coverage and minimum insurance needs. It also offers a few add-ons so you can customize your policy.

When you purchase an insurance policy from AFI, it covers your spouse, children, and anyone else living with you. It also covers people you permit to borrow your car.

AFI offers the following coverage options:

• Bodily injury liability
• Personal injury protection or medical payments
• Roadside assistance
• Rental car reimbursement

AFI offers a variety of other insurance products, including motorcycle, watercraft, and collector car insurance. You can also buy other coverages, such as home, renters, pet, and valuable items insurance.

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How Is Car Insurance Different For Military Members And Veterans

Car insurance policies for military members are generally the same as they are for everyone else. But certain car insurance companies offer distinct coverages or discounts to account for the fact that active-duty service members may use their personal vehicle less than most drivers.

For example, GEICO offers emergency deployment discounts for those service members deployed into imminent danger pay areas, as defined by the Department of Defense. So drivers who are deployed wont have to pay as much when they arent using their car.

USAA goes even further. If you are deployed and store your vehicle away so that it cant be driven, you can get a discount of up to 60%. This is particularly relevant for service members who dont have family members who need to use their vehicle. If you decide to garage your vehicle on your military base, you can still save up to 15% on the comprehensive insurance portion of your policy.

Armed Forces Insurance Exchange

Like USAA, Armed Forces Insurance Exchange is a military-focused insurance company. Prices and services are very competitive between the two military auto insurance companies, according to our research. However, there are some key differences, including AFIs lower financial rating from AM Best of B+ compared to USAAs rating of A++ . Additionally, AFI membership is more broad, and includes those in military service academies, ROTC, Officer Candidate School /Officer Training School and active or retired Department of Defense members.

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How Can I Find The Best Price On Car Insurance

Once you decide how much car insurance you need, its time to start shopping for a policy. Rates often vary widely among companies for the exact same coverage, so its smart to compare car insurance quotes from multiple insurers. For example, in California, rates for a good driver range from $1,668 to $3,940 a range of about $2,270 for the exact same driver.

Heres what you should do to find the cheapest car insurance.

Is Usaa Only Available To Military Members And Their Families

Yes, the only people who are eligible for USAA auto insurance are:

• Active duty, guard, reserved, retired and honorably discharged officers and enlisted personnel of the U.S. military
• Contracted cadets, midshipman or officer candidates in commissioning programs
• Adult children of USAA members who have or had a USAA auto or property insurance policy
• Spouses, former spouses, widows and widowers of USAA members who have or had a USAA auto or property insurance policy

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How Does Deployment Work For Car Insurance

Preparing to leave for deployment can be stressful, and storing your car is the last thing you want to worry about.

Some insurance companies will work with you so you can keep your car insured while youre away. Most companies require that you keep your vehicle stored in a garage or on a military base to qualify for the discount.

If your insurance company doesnt give a discount for storing your vehicle, it might allow you to cancel your policy without a penalty for a lapse in coverage.

Most insurance companies try to accommodate military members about to leave on active deployment, especially those about to enter imminent danger areas.

Does Usaa Have Good Customer Satisfaction

USAA has outstanding reviews from third-party rating companies, including in areas like customer satisfaction. For example, J.D. Power awards USAA with the highest rating for customer satisfaction for any insurance company.

Another solid place to look is the National Association of Insurance Commissioners ratings. The NAIC rates companies based on how many complaints they get compared to their size. The national average is 1.0, and USAA gets 1.95. That means it receives nearly double the complaints compared to similar companies.

Despite its NAIC rating, USAA is still regarded as a company with good customer service. Additionally, customers feel comfortable knowing that USAA has the highest A.M. Best score for its financial strength.

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Average Rates For Military Drivers By Status

The average military premium for minimum coverage car insurance is less than $515 a year. If opting for full coverage, the average military driver will pay around $1,720 per year, according to our research. Interestingly, military drivers tend to pay more on average for full coverage annually compared to the national full coverage average of $1,674 per year, based on 2021 car insurance rates. However, military policyholders pay less for minimum coverage, on average, than civilian drivers, at $514 per year. With several discounts, military members and veterans can find cheaper car insurance rates by shopping around.

States That Require A Military Car Insurance Discount

Only two states mandate that all car insurance companies in their states provide a military discount:

• In Louisiana, auto insurance companies must give a 25% discount on any auto liability policy to active military personnel based in the state.
• In Montana, a discount must be given to members of the Montana national guard who have taken a defensive driving course. The discount lasts for three years but the law doesnt specify a discount percentage.

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Are There Discounts For Car Insurance For Veterans

Veterans car insurance discounts are in the same boat as active duty members some companies offer discounts, but most do not.

If you want to buy car insurance from a company that doesnt have a military or veteran discount, you can always ask a representative to double-check. They might not be able to find a military discount for you, but they can look for additional ways for you to save.

Recap Of The Best Car Insurance For The Military And Veterans

Weve talked about the military car insurance laws, the best car insurance companies for the military and their features, and the discounts they offer for these groups.

When looking for the right policy for you, its essential to do your research there is no one size fits all answer.

If you are a veteran or currently serving in the military, ask about any available discounts before signing up for a policy. Dont forget to thank the men and women who have fought tirelessly to protect our freedomthey deserve it.

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