Usaa
09-15-2013 | 09:59 AM
#241
Gets Weekends Off
Joined: Dec 2007
Posts: 404
Likes: 0
From: Retired
When I left USAA last year to go with State Farm, my savings were over $1800 per year on 2 homes and 3 cars. Plus, six months later I got my SSA check for a little over $8K. So, I am getting "paid" $150/month in monthly insurance savings plus the SSA money is now in a tax exempt bond fund paying me $270 per year in interest. My last distribution with USAA was for $220 and they added $816 to the SSA. I have never been a financial wizard, but this seems to me to be a good deal.
Also, just had my second auto renewal with State Farm (policies are for 6 months) and rates went down again. Not much, but $7 a month is still a saving.
And finally, the State Farm agent's office is about 3 miles down the road. I know him and all of the people in the office.
Also, just had my second auto renewal with State Farm (policies are for 6 months) and rates went down again. Not much, but $7 a month is still a saving.
And finally, the State Farm agent's office is about 3 miles down the road. I know him and all of the people in the office.
06-13-2014 | 05:36 PM
#244
Gets Weekends Off
Joined: Sep 2006
Posts: 3,717
Likes: 0
From: Retired
06-14-2014 | 11:19 AM
#245
On Reserve
Joined: Dec 2013
Posts: 106
Likes: 52
I pulled the handles a few months ago and went to GEICO. 4 cars, 2x teen drivers, USAA was $305/month. EXACT same coverage, $160/month with GEICO. I have no doubt their policy service will not match USAA's, but at over $1700/year difference, I'll take crappy service and a little vacation money. Now my newest car is a 2007, so I'm not exactly concerned about losing a bunch of cash if things don't go my way in a claim.
06-14-2014 | 02:47 PM
#247
Line Holder
Joined: Jun 2014
Posts: 216
Likes: 14
I pulled the handles a few months ago and went to GEICO. 4 cars, 2x teen drivers, USAA was $305/month. EXACT same coverage, $160/month with GEICO. I have no doubt their policy service will not match USAA's, but at over $1700/year difference, I'll take crappy service and a little vacation money. Now my newest car is a 2007, so I'm not exactly concerned about losing a bunch of cash if things don't go my way in a claim.
06-14-2014 | 07:23 PM
#248
Gets Weekends Off
Joined: Sep 2006
Posts: 3,717
Likes: 0
From: Retired
I just logged on to Geico's web site to get a quote for our two "daily drivers." We live in Connecticut and without going into detail about the cars we own, here's what I did: First I logged on to USAA's site and printed out a copy of my automobile policy, which includes both cars. Then I built a "custom quote" on Geico's site, using the exact same coverages, benefits, and liabilities that I have with USAA. Needless to say, Geico was less expensive. My USAA auto bill is $1992.32 a year. For the exact same coverage through Geico, I'd pay $1493.64, for a difference of $498.68.
So on the surface it appears that going with Geico would save me about $42 a month. That's enough for one Friday night visit to our favorite pizza place. However, every year for the past 42 years, USAA has sent me a check, usually somewhere between $600 and $1000, in November or December and as well puts additional money into our "account", which eventually I'll withdraw, after leaving USAA. I think I'd be foolish to switch insurers. Truth be told, I wasn't going to switch anyway, regardless of the outcome of the comparison, but I did want to see if there was any real savings to be had, and for me, there just wasn't. YMMV, obviously.
So on the surface it appears that going with Geico would save me about $42 a month. That's enough for one Friday night visit to our favorite pizza place. However, every year for the past 42 years, USAA has sent me a check, usually somewhere between $600 and $1000, in November or December and as well puts additional money into our "account", which eventually I'll withdraw, after leaving USAA. I think I'd be foolish to switch insurers. Truth be told, I wasn't going to switch anyway, regardless of the outcome of the comparison, but I did want to see if there was any real savings to be had, and for me, there just wasn't. YMMV, obviously.
06-15-2014 | 04:41 AM
#249
Gets Weekends Off
Joined: Nov 2009
Posts: 5,510
Likes: 110
I've been a member of USAA since 1972 and have never, not once, had a problem with either their claim service or their record-keeping, or anything else, come to think of it. Granted their premiums might be a little higher than you can find elsewhere, but that's to be expected in today's day and age. Besides, the lowest price is not always the lowest cost. As well, one needs to factor in the annual distribution that gets put into your individual account. We have close to $13,000 in that account, and although we can't withdraw it, it is available if we ever decide to leave USAA.
Another great service that USAA provides is their car buying service. I've just ordered a new car, and using USAA's service, have managed to save myself $6000. Granted, the car I'm buying is rather expensive and the lower the MSRP, the lower the savings, but that savings alone would probably last 15 more years and cover any increased cost incurred by using USAA's insurances.
The other thing I like about USAA is that they are a full service insurance company. I can shop for car, home, boat, plane, health, life, long term care insurances at one place, all using the same member number. As well, there's plenty of other financial services that they provide. All in all, I wouldn't go anywhere else for the vast majority of my insurance needs, with the one exception being to insure my classic car, for which I use one of the classic car specialty insurers.
JJ
Another great service that USAA provides is their car buying service. I've just ordered a new car, and using USAA's service, have managed to save myself $6000. Granted, the car I'm buying is rather expensive and the lower the MSRP, the lower the savings, but that savings alone would probably last 15 more years and cover any increased cost incurred by using USAA's insurances.
The other thing I like about USAA is that they are a full service insurance company. I can shop for car, home, boat, plane, health, life, long term care insurances at one place, all using the same member number. As well, there's plenty of other financial services that they provide. All in all, I wouldn't go anywhere else for the vast majority of my insurance needs, with the one exception being to insure my classic car, for which I use one of the classic car specialty insurers.
JJ
06-15-2014 | 07:27 AM
#250
Gets Weekends Off
Joined: Apr 2013
Posts: 4,556
Likes: 397
It depends on how you use it. If you live in a city where you can pit dealerships against each other, it can be a god send. I got a great price on my last car using it, and I am a cheap bastard!
Thread
Thread Starter
Forum
Replies
Last Post
