Car insurance for veterans and military members

Car insurance for military members and veterans

The average cost of car insurance is $1,682 per year for a full coverage policy, but rates vary based on location and personal factors.

Car insurance companies start with a base rate for each driver. That amount depends on where you live, what kind of car you drive, your age, gender, and driving record and more. People with numerous claims will pay more than someone with a clean driving record. Discounts, like military discounts, are deducted from your rate after everything else is considered.

You may find more savings with another insurer, so it pays to compare. Below are three of the top picks for military car insurance.

USAA car insurance for military and veterans

USAA was created by military members for military members, both active and retired. It also offers car insurance for veterans families.

USAA is highly rated both in our analysis of the best car insurance companies and with agencies like J.D. Power. It's the best-known insurance company for the military, and only active-duty military members, their families and veterans can get coverage. It doesn't really offer military discounts, because all of its rates are created with military drivers in mind.

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How much is USAA car insurance a month?

The average cost of a full coverage policy with USAA is $115 a month, while a state minimum coverage averages $28 a month.

GEICO car insurance for military and veterans

Military members and veterans receive a military discount of up to 15% off their car insurance premiums with GEICO.

Another opportunity for discounts comes from your membership in an applicable association or organization. You can save extra money on your car insurance premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. when you belong to organizations like the Association of the United States Army (AUSA), Armed Forces Benefit Association (AFBA), or even Navy Federal Credit Union (NFCU).

Armed Forces Insurance for military and veterans

Like USAA, Armed Forces Insurance offers some of the best automobile insurance for veterans and current members of the military, both active duty military and reserve, as well as their families. Military discounts are available but vary by state, so be sure to inquire about your discount options when shopping your policy.

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Who is eligible for military car insurance coverage?

Eligibility varies depending on the company, but in most cases, you must be active duty military, reserve, or honorably discharged military or an immediate family member of such a person. All branches of the military qualify, but police officers generally do not.

Car insurance discounts for military and veterans

There are a lot of ways to get cheaper car insurance beyond looking for military car insurance discounts.

Regardless of whether you choose a company that offers a military discount, there are other common discounts that most car insurance companies typically provide.

This can include car insurance discounts like the following:

Vehicle safety discounts. Common discounts include savings for anti-lock brakes, anti-theft devices, green/hybrid vehicles, new cars, and safety and restraints.
Customer loyalty discounts. Providers like GEICO reward you with extra savings on your veteran car insurance when you bundle homeowners and auto insurance or have insurance policies for multiple drivers with the same company.
Senior discounts. Many car insurance companies offer car insurance discounts for seniors. If you're retired, you may also be able to get a low-mileage discount.
Policy discounts. Pay-per-mile programs also reward you for less time spent on the road. Many companies also offer extra savings when you pay-in-full, sign up for auto-pay, or use paperless statements.

Maintain a clean driving record

One of the best ways to save money on your veterans car insurance is to keep a clean driving record. Drivers without tickets or accidents pay a lot less for insurance because they're a lower risk to the insurance company.

Improve or maintain good credit

Your credit score is a significant indicator of your responsibility as a policyholder. Insurance companies in nearly every state can use credit as a rating factor when calculating your rates. Keeping a good credit history means you'll pay less for car insurance.

Final thoughts on car insurance for military and veterans

A lot of companies offer discounts to those who have served in the military. This includes extra discounts on car insurance for veterans. These savings are in addition to the everyday opportunities to save with common car insurance discounts companies normally offer, such as vehicle safety discounts or customer loyalty discounts. Programs frequently change, too, so it’s always recommended that you shop around for the best car insurance for veterans before you renew each year.