Is there cheap auto insurance for veterans?

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Here's what you need to know...
  • Some car insurance carriers give occupational discounts. These companies will offer veterans a discount off of their insurance to express gratitude for their service
  • Not only do leading insurers offer veterans discounts, there are companies that sell products exclusively to service members and their families
  • Be sure to compare quotes from preferred providers and specialty companies. Every company offers their own discounted rate for military veterans
  • If you have a good driving record and claims history, you may be able to get extremely low rates through companies that sell to all markets
  • Not only can you get a discount for being a veteran, some companies will allow veterans to conveniently suspend their coverage while they are deployed
  • Some companies offer discounts when you garage your vehicle on a military installation because property tends to be safer on base

If you have served in the U.S. military, you may be able to find sizable discounts on auto insurance.

Since auto insurance is one of those products that you’re required to carry, it’s always good to shop around and take advantage of the savings that are available through carriers.

By doing your homework, you won’t get stuck paying civilian rates as a veteran. Before you start to solicit quotes, you should know what to look for in a carrier.

While you’re not guaranteed to find cheap rates, you will be able to find some steep discounts that will lower your premiums simply for qualifying for a military discount.

Enter your zip code above to compare car insurance quotes from multiple companies at once!

Why do auto insurance companies offer military discounts?

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When you put your life on the line for your fellow countrymen, you deserve some compensation.

One of the main reasons why active duty military and veterans who have been honorably discharged from service receive a discount is because the carrier wants to express their gratitude, but that’s not the only reason that discounts are available.

Every insurance company has its own unique rating system in place that uses risk to determine how much to charge prospective applicants.

The statistics used for rate making show that members of the military are disciplined and carry over the discipline to their driving habits.

Because of this, military members are less of a risk to insure, which qualifies them for special discounts.

Do all insurance companies offer discounts to veterans?

While military discounts are common in the personal auto insurance industry, not all companies offer them. You may have some opportunities when it comes to buying a home as a veteran.

Some carriers already offer such low-priced premiums that they don’t offer extra savings to those who are serving or have served in the military. Other

Other carriers only sell policies to military families so that they can stay competitive.

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What are some of the most common discounts available to veterans?

If you’re not sure where to start, there are a few carriers that are well-known in the market segment for offering great savings.

Once you know how much you can save through companies that military members prefer, you can see if less popular companies have better rates:

– United Services Automobile Association (USAA)

USAA only sell insurance to active-duty military, veterans, and their families. According to ABC, the

According to ABC, the average policyholder saves $409 by switching from a standard insurer to USAA.

The company is well-known for offering a 15 percent discount off of comprehensive coverage when you park your car on a military base.

– Geico

Geico offers discounts to all active-duty military members and veterans.

Not only do policyholders who qualify get a 15 percent off discount, they may also get a special emergency deployment discount when they are deployed to an imminent danger pay area.

– Progressive

Progressive sells special military insurance through their division called Armed Forces Insurance.

With special rates and a 15 percent discount available to clients who park their cars in military installations, AFI is a popular choice in the states where coverage is available.

Look for More Than Just Military Discounts

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Discounts for serving can really make a dent in your premiums, but those aren’t the only type of discounts that you should look for. Discounts may or may not be extended to your teen drivers, so be sure to call your agent before buying a car for your teen to see what additional discounts you can receive.

When you’re comparing auto insurance companies it’s all about comparing the coverage options and discount that the companies offer.

If you aren’t sure what discounts are available, here’s a list of common ones:

  • Multi-car
  • Multi-policy
  • Anti-theft (passive and active)
  • Loyalty
  • Green vehicle
  • Good driver
  • Defensive driver or mature driver training
  • Pay-in-full
  • Automatic payment
  • Student away at school
  • Good student

Look For a Company That Understands the Military

Not all insurance companies understand the military. Deployment and moving across the country can have a dramatic impact on someone’s life.

When you look for a company that understands how experience in the military can shape your lifestyle, you can expect to get excellent service.

The best thing to do is ask around to find a car insurance company with policies that can be structured to suit all of your need no matter what you’re going through.

Companies that promote their products specifically to a military audience tend to allow policies to be suspended and reactivated easily to prevent lapses in coverage.

Is it best to get insurance through an agent or a direct writer?

Some companies only sell their products through agents and others are direct writers who offer you more convenient methods of contact.

While it is nice to build a relationship with an agent, if you ever plan on moving, you will have to find a new agent to do business with.

With a direct writer, the company can update everything and you don’t have to worry about switching carriers.

Your auto insurance rates will depend on the type of vehicle you have, your driving habits, your driving history, and the coverage that you select.

Make sure to price the cost of insurance through several carriers using an online rate comparison tool and you can find the cheapest option for coverage today.

Enter your zip code below to find the best discounts from companies near you!

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