CAFB, I went through a detailed analysis with USAA over the phone and in the end they acknowledged they couldn't match it. They mentioned that GEICO was trying to build their customer base in my area, so perhaps their low rates wouldn't last...and to give USAA a call when/if that happened. They were polite but I was disappointed they couldn't do more since I've been with them for >20 years. They seem to have no issues spending gobs of cash on advertising to expand their customer base.
Also, as pointed out I left out the rebate check from the calculations, which I'm sure for some folks gets USAA prices close enough to the competition...it just didn't for me. I still have a home policy on a rental property, but shear laziness is keeping me with them as I'm going to unload it next year...and get my SSA rebate from USAA.