The United Service Automobile Association (USAA Auto Insurance) was formed by the officers of the United States Army Joined forces in the year 1920. The motto for forming USAA auto insurance is to provide auto insurance and other services exclusively to the military personnel, veterans and their families. The company is a one of the Fortune 500 Companies and its uniqueness is that it is formed as an inter-insurance exchange and not as a corporation. USAA auto insurance customers are actually the association members and all of them are theoretically liable for the other members. Since, USAA is operating from San Antonio TX, where the state law limits the liability of each individual member to the insurance premium that he or she pays. The advantage is that the profits made by USAA are paid back to the members.
Advantage USAA Auto Insurance
The advantages of USAA Auto Insurance are listed below:
1. Excellent Customer Service
2. Multi Product Savings
3. Better Financial Status
4. Superior Claims Service
5. Accident Forgiveness
6. Online Services
7. Flexibility for military need
Discounts and Savings offer in USAA Auto Insurance
A number of discounts and savings are offered by USAA auto insurance.
1. USAA offer $50 discount on the first premium
2. Premium Driver Discount
3. Defensive Driver Discount
4. Driver Training Discount
5. Good Student Discount
6. New Vehicle Discount
7. Annual Mileage Discount
8. Multiple Vehicle Discount
9. Anti-Theft System Discount
10. Storage Discount
11. USAA Loyalty
12. Multiple product policy
13. Legacy Policy Discount
Above discounts would certainly result in lot of savings for the auto insurance customer Thus USAA plays a very vital role on the US automobile industry.
Claims Processing Cycle
Filing Claims Via Phone/online
Claim number will be allotted against the report and if need the claim representative will call back to clarify the doubts if any
The facts of the loss/accident gathered
Absolute Estimation on loss/damages/compensation
Payment : Payment is made to the claimant or to the facility, accordingly.
The claim is closed and the policy keeps moving. The policy continues as long you pay the premium without any hassles.
Managing Policies- Convenience Factor
USAA auto insurance has many convenient ways to manage the policies for the customers.
1. Can pay the premium in installments with no service charge
2. Premium could be paid by online or by phone with no interest charge
3. Accessing policy online
4. Payment mode is as per military pay schedule
5. Toll free telephone when policy holders are deployed
6. USAA auto insurance coverage across USA and in some part of overseas too
7. Updating Auto Insurance coverage could be done easily online/phone call etc.
Buying USAA Auto Insurance
USAA products are available only in those jurisdictions where USAA is authorized to sell/distribute their product. Ownership rights are limited to eligible policyholders of United Services Automobile Association. Eligibility criteria may change based on factors such as marital status, rank, or military status. Children of USAA members are eligible to purchase auto or property insurance if their eligible parent purchases USAA auto or property insurance.