USAA: An Insurance Club That Just Got Bigger

News Type: Event — Seeded on Thu Nov 5, 2009 8:02 AM EST

Article Source: The New York Times

business, military, insurance, veterans, property, benefits, officers, casualty

"Today, USAA is announcing that it will more than double the number of people who are eligible to sign up for auto, home and other insurance policies with the company.

Normally, this would be a non-event. After all, the idea that any property and casualty insurer would have a restricted membership seems odd. Wouldn't it want to take as many low-risk customers and as few high-risk ones as it could get?

But USAA has always been an exclusive club. When it was set up in 1922, only officers were eligible. In 1996, the company began including enlisted men and women.

Now, USAA has opened its membership to all living service men and women who were honorably discharged. The number of people eligible will jump from 25 million to 60 million. (The company currently has 7.2 members.)"

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6.9

3.9

{"commentId":10488856,"authorDomain":"2scentsworth"}

2scentsworth

I am a military brat and was eligible as such to be a member. My first encounter with them was when one of their members crashed their car into my mine. The USAA representative went above and beyond to make sure that all went smoothly in getting my car repaired.

I've had them for 25+ years and, in my experience, they are a company that actually does what they say they'll do. When hurricane Ike hit last year, they called us to see if we were okay!

So, to all veterans, IMO, this company is on your side!

(No, I don't work for them! ~s~)

{"commentId":10488856,"threadId":"717174","contentId":"3463883","authorDomain":"2scentsworth"}

6 votes

#1 - Thu Nov 5, 2009 8:06 AM EST

{"commentId":10489365,"authorDomain":"bluekilgoretrout"}

Bluekilgoretrout

My Father was in the Air Force Reserves, and I was therefore grandfathered in after being on his Auto Policy.

I use them for all my insurance needs, and agree that both their rates and service are second to none.

{"commentId":10489365,"threadId":"717174","contentId":"3463883","authorDomain":"bluekilgoretrout"}

5 votes

#1.1 - Thu Nov 5, 2009 8:44 AM EST

{"commentId":10489950,"authorDomain":"2scentsworth"}

2scentsworth

their rates and service are second to none.

Perfectly stated, thanks!

{"commentId":10489950,"threadId":"717174","contentId":"3463883","authorDomain":"2scentsworth"}

6 votes

#1.2 - Thu Nov 5, 2009 9:16 AM EST

{"commentId":10510756,"authorDomain":"TR966"}

TR-421173

I have been with USAA for over 20 years and use them for all my insurance needs (home, auto, banking, credit card). Their rates & service have always been top notch.

{"commentId":10510756,"threadId":"717174","contentId":"3463883","authorDomain":"TR966"}

3 votes

#1.3 - Thu Nov 5, 2009 9:22 PM EST

{"commentId":10537884,"authorDomain":"dkbales"}

Doug-375144

Good for them ! All service personnel and Vets deserve good coverage at a fair cost.

Now if we could get Co.'s like that to cover the rest of the population we could stop the Pelosi madness.

{"commentId":10537884,"threadId":"717174","contentId":"3463883","authorDomain":"dkbales"}

1 vote

#1.4 - Sat Nov 7, 2009 2:17 AM EST

{"commentId":10538967,"authorDomain":"2scentsworth"}

2scentsworth

Doug, you're absolutely right on both points! :)

{"commentId":10538967,"threadId":"717174","contentId":"3463883","authorDomain":"2scentsworth"}

1 vote

#1.5 - Sat Nov 7, 2009 8:09 AM EST

{"commentId":10489577,"authorDomain":"mojocali70"}

Mcal70

I've had them for a number of years myself and I agree. They're awesome. From banking to Ins., they kick butt. By the by, they did not take even a penny of bail out money and still turned a profit.

{"commentId":10489577,"threadId":"717174","contentId":"3463883","authorDomain":"mojocali70"}

5 votes

#2 - Thu Nov 5, 2009 8:56 AM EST

{"commentId":10489977,"authorDomain":"2scentsworth"}

2scentsworth

Mcal70, thanks for pointing out the other services!

{"commentId":10489977,"threadId":"717174","contentId":"3463883","authorDomain":"2scentsworth"}

4 votes

#2.1 - Thu Nov 5, 2009 9:17 AM EST

{"commentId":10489992,"authorDomain":"2scentsworth"}

2scentsworth

My requests to join some of the military groups haven't been accepted, so if any of you in those groups would clip to them, I would appreciate it! :)

{"commentId":10489992,"threadId":"717174","contentId":"3463883","authorDomain":"2scentsworth"}

5 votes

#3 - Thu Nov 5, 2009 9:18 AM EST

{"commentId":10490675,"authorDomain":"gmarez"}

George Marez

This is great news for my city.

I love USAA. From their iPhone app to being able to deposit checks by scanning them, and a great website, I am keeping them for a long time to come.

{"commentId":10490675,"threadId":"717174","contentId":"3463883","authorDomain":"gmarez"}

4 votes

#4 - Thu Nov 5, 2009 9:49 AM EST

{"commentId":10495414,"authorDomain":"2scentsworth"}

2scentsworth

Thanks for posting and if you can clip it for others to know about it, that would be great! :)

{"commentId":10495414,"threadId":"717174","contentId":"3463883","authorDomain":"2scentsworth"}

3 votes

#4.1 - Thu Nov 5, 2009 12:42 PM EST

{"commentId":10492448,"authorDomain":"redshadowlyingdownwithagreenbackground"}

redshadowwithgreenbackground

I had not heard of this before but it is good information, Thanks for posting.

{"commentId":10492448,"threadId":"717174","contentId":"3463883","authorDomain":"redshadowlyingdownwithagreenbackground"}

5 votes

#5 - Thu Nov 5, 2009 10:55 AM EST

{"commentId":10492719,"authorDomain":"MoCowgirl"}

MoCowgirl-1193719

I had not heard of them either.

My husband is a Vietnam vet, and I will discuss this with him.

I have had State Farm car insurance for 30 years, and have been very satisfied, however it never hurts to comparison shop with a reputable competitor.

{"commentId":10492719,"threadId":"717174","contentId":"3463883","authorDomain":"MoCowgirl"}

3 votes

#5.1 - Thu Nov 5, 2009 11:04 AM EST

{"commentId":10493408,"authorDomain":"amazedtexan"}

amazedtexan

i am still depending on the lizard. :0)

{"commentId":10493408,"threadId":"717174","contentId":"3463883","authorDomain":"amazedtexan"}

2 votes

#5.2 - Thu Nov 5, 2009 11:28 AM EST

{"commentId":10494175,"authorDomain":"juno"}

Juno Hera

GE Insurance Company?

Yikes.

{"commentId":10494175,"threadId":"717174","contentId":"3463883","authorDomain":"juno"}

3 votes

#5.3 - Thu Nov 5, 2009 11:57 AM EST

{"commentId":10495502,"authorDomain":"2scentsworth"}

2scentsworth

I heard about it on the news while getting ready for work this morning and wanted to make sure that all the vets were aware of it! It's a great company and I've been very impressed with their dedication!

Clip around the Vine where appropriate! :)

{"commentId":10495502,"threadId":"717174","contentId":"3463883","authorDomain":"2scentsworth"}

3 votes

#5.4 - Thu Nov 5, 2009 12:45 PM EST

{"commentId":10494153,"authorDomain":"juno"}

Juno Hera

Love my USAA!

Hate having to buy car insurance, (don't get me started) but glad they are there for me to turn to, since I must!

{"commentId":10494153,"threadId":"717174","contentId":"3463883","authorDomain":"juno"}

3 votes

#6 - Thu Nov 5, 2009 11:56 AM EST

{"commentId":10494850,"authorDomain":"going4dasani"}

Leticia 007

Yes. I have had their auto insurance for 10 yrs that I got when I was married to a soldier-they are a great company and take care of their clients. Other Insurance companies could learn a few things from them.

{"commentId":10494850,"threadId":"717174","contentId":"3463883","authorDomain":"going4dasani"}

3 votes

#6.1 - Thu Nov 5, 2009 12:22 PM EST

{"commentId":10495545,"authorDomain":"2scentsworth"}

2scentsworth

Love my USAA!

Other Insurance companies could learn a few things from them.

Yep to both! And this is a great opportunity for those that either weren't eligible or aware!

{"commentId":10495545,"threadId":"717174","contentId":"3463883","authorDomain":"2scentsworth"}

2 votes

#6.2 - Thu Nov 5, 2009 12:47 PM EST

{"commentId":10500607,"authorDomain":"BLOG23"}

AMERICANA2

Had USAA they were good, shopped around the lizard is 385$ LESS.

{"commentId":10500607,"threadId":"717174","contentId":"3463883","authorDomain":"BLOG23"}

2 votes

#7 - Thu Nov 5, 2009 3:12 PM EST

{"commentId":10504371,"authorDomain":"2scentsworth"}

2scentsworth

They do have discounts for multiple policies, etc. No one else has been able to come close to my property premiums in this area.

Thanks for the info!

{"commentId":10504371,"threadId":"717174","contentId":"3463883","authorDomain":"2scentsworth"}

3 votes

#7.1 - Thu Nov 5, 2009 5:03 PM EST

{"canLink":false,"threadId":"717174","isPrivate":false}

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USAA: An Insurance Club That Just Got Bigger

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