Military Car Insurance: Top 9 Revealed

looking for the best military car insurance

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Insurance is a legal requirement in most states for individuals who operate a motor vehicle. Automobile accidents can result in massive expenses for anyone who causes or is involved in an accident. The cost of premiums is determined by a statistical analysis of the general population. For most insurance providers, statistics indicate that young people are most often involved in accidents. However, military car insurance exists, which allows members of the military to receive more affordable premiums than what is available to the general public.

We ask a lot of our military personnel, and it is only a matter of respect that they be given special consideration when it comes to insurance, not least of all because military personnel receive superior training for operating vehicles. Also, military personnel are often low-mileage drivers who are away from their vehicle for long stretches of time. In this article we will evaluate several insurance providers to determine what military car insurance offers the best benefits.

Product FAQ

Car insurance is protection against the legal and financial ramifications of an accident. Accidents can result in many costs, including damage to property, medical bills, loss of work compensation, legal bills, and more. Although most states require liability insurance, the minimum legal requirement is often not enough to cover the full expense of an accident. If you are involved in an accident and don’t have adequate coverage, your personal assets could be at risk. It is important for everyone to consider insurance in the context of an overall financial strategy to protect themselves and everything they own.

What Is Military Car Insurance?

Military car insurance is insurance that has been specifically designed for current or former members of the military. The statistical probability of accidents is what determines the cost of premiums in most cases. With military car insurance, the insurers take into consideration several additional factors which allow military members to become eligible for more economical premiums.

What Is a Premium?

A premium is the amount of money you pay in order to maintain your car insurance. Premiums are generally charged every six months, but can be charged as little as once a year or broken up into monthly charges.

How Are Premiums Determined?

Many factors go into deciding the premiums for an individual. Some factors are based on the decisions of the driver, but many of them are simply a result of statistical analysis. Geographic region can be a factor in premium costs. If you live and store your car in high traffic concentration or high-crime areas, you will generally see higher premiums. Premiums are also affected by the amount of insurance required. A liability policy that has a cap at $15,000 will have a much lower premium than an insurance policy with a cap of $300,000.

How Do You Pick the Right Insurance?

Drivers should consider their insurance coverage in the context of their overall net worth. If they have a lot of assets to protect, it makes sense to have higher caps on their insurance. Higher insurance caps result in small increases in premiums that make sense in order to improve the peace of mind of the motorist. Picking the right insurance is a matter of risk assessment. It is important to balance reasonable protection with a premium bill that doesn’t itself begin to become a financial burden.

How Can You Achieve Low Premiums?

Motorists can achieve low premiums in several ways. Most insurance providers have programs that allow motorists to earn discounts. Motorists can also earn a lower premium by selecting a high deductible, although this results in a greater out-of-pocket expense should they have an accident. By doing careful market research and inquiring as to what discount programs exist that they are eligible for, motorists can achieve the best possible premium for the insurance coverage they have determined is the most beneficial.

How We Reviewed

In order to determine the best military car insurance, we examined the products of several insurance providers on the market. We evaluated these providers on the following parameters: features, coverage options, discounts, apps/websites, ease of filing a claim, and pros and cons.

Overall Price Range

Price is a product of many statistical factors that differ by region and the specific characteristics of the motorist who seeks insurance. Keep in mind when you are comparing quotes that many insurance providers have a base package that is more expensive than their competitors’. However, when the relevant discounts are applied, you can achieve low premiums with superior insurance providers. It’s also important to consider the financial security of your insurance provider. Cut rate providers offer low premiums, but if they are financially unstable they might not be able to resolve an expensive claim.

What We Reviewed

  • USAA
  • GEICO
  • Armed Forces Insurance
  • Allstate
  • State Farm
  • Arbella
  • Esurance
  • Nationwide
  • Progressive

USAA

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Features

USAA was conceived to offer the best possible insurance to active and former members of the military at the best possible price. To qualify for USAA insurance, you must be a current or former member of the military. USAA is a Texas based insurance provider that has earned the highest possible financial rating. They offer a wide variety of coverages and are a good starting point for any military personnel to begin looking for insurance quotes.

Coverage Options

USAA has many policies that are specifically designed with the lifestyle and work obligations of a military professional in mind. This includes discounts for the time that the motorist is deployed and therefore away from his or her vehicle. You can earn further discounts by parking your vehicle on a military base when you are abroad.

Discounts

USAA already offers very low premium military car insurance with further discounts that can be earned. USAA can offer premiums as much as 30% lower than other major insurance providers.

Apps/Website

Customer satisfaction is very high with USAA, and users report ease of use with all apps and applications that USAA offers.

Ease of Filing Claims

USAA earns a very high rating across the board for handling insurance claims.

Pros

  • High financial security
  • Low premiums
  • Plans designed for military personnel

Cons

  • Must be a member of the military to qualify
  • Fewer local agents than some competitors
  • Less intuitive web page than some competitors

GEICO

geico

Features

GEICO is also a good provider for military car insurance. The name stands for Government Employees Insurance Company, and it was originally conceived to provide services for government personnel. GEICO is known for having a tech based interface that is quick and convenient to use. Individuals who enjoy doing all their insurance planning at a computer or on a cell phone without having to talk to an insurance agent, will appreciate GEICO.

Coverage Options

GEICO offers all the necessary coverage options that consumers seeking military car insurance would need.

Discounts

GEICO offers a 15% discount for former and current members of the military. Motorists might be eligible for further discounts involving some of GEICO’s programs.

Apps/Website

GEICO has the best web interface in the business and is on the cutting edge of integrating modern technology for the convenience and satisfaction of their customers.

Ease of Filing Claims

GEICO rates slightly better than average in most categories involving the filing of claims. They are below average in the availability of local agents who can assist you with a claim.

Pros

  • Good military discount
  • Low premiums
  • Good technological interface

Cons

  • Few local agents
  • Difficult to discuss a claim with a company representative
  • Premiums are higher than USAA

Armed Forces Insurance

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Features

Armed Forces Insurance is another insurance provider that is specifically designed for current and former members of the US military. Unlike USAA, Armed Forces Insurance not only has a good financial rating, but has also earned a stable financial outlook for the future.

Coverage Options

Armed Forces Insurance offers all the basic insurance coverage for military car insurance.

Discounts

The premiums are competitive with a few further discounts available.

Apps/Website

The website is not very technologically advanced or highly intuitive.

Ease of Filing Claims

Customer reviews indicate a general dissatisfaction in claims settlement

Pros

  • Designed for military personnel
  • Good coverage options
  • Good rates for members of the military

Cons

  • Less financial security
  • Poor web page
  • Low customer satisfaction

Allstate

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Features

Allstate is one of the nation’s largest insurance providers. They have a superior financial rating and offer significant retirement and financial planning help. Unlike some other companies on this list, they do not offer a special discount to military veterans. They have some competitive programs and could be the best insurance option in your specific region.

Coverage Options

Allstate is a major player in the insurance market and offers a wide range of coverage products.

Discounts

They don’t have a military discount, but they have other programs and discounts which could result in a very competitive premium.

Apps/Website

They offer a discount for any customers who install and use their Drivewise app.

Ease of Filing Claims

JD Power ranks Allstate slightly below average in how they handle a claim.

Pros

  • Offers financial planning
  • Good coverage options
  • Superior financial stability

Cons

  • No military discount
  • Low claims satisfaction
  • Drivewise app may feel intrusive

State Farm

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Features

State Farm is the largest insurance provider in the nation. They use a traditional face-to-face business model and have physical locations throughout the country. It is comparatively easy to have a conversation with a State Farm agent, although their web page lags behind some competitors. They have a superior financial rating.

Coverage Options

State Farm offers a superior line of insurance products, and can offer bundling discounts if used for both home and auto.

Discounts

They do not offer a specific military discount, but they have a number of plans and programs that allow them to offer competitive rates to members of the military.

Apps/Website

State Farm has a respectable web page, but their true strength lies in the national proliferation of State Farm agents.

Ease of Filing Claims

JD Power ranks State Farm average across the board for claims satisfaction, however their web page is ranked slightly below average.

Pros

  • Good coverage options
  • Strong financial security
  • Many physical locations

Cons

  • Expensive
  • No military discount
  • Relatively poor web page

Arbella

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Features

Arbella is a regional insurance company in Massachusets that offers a 10% discount to active members of the military. To qualify for this discount, military members must be stationed at least 100 miles away from their vehicle. Arbella has a financial strength rating of excellent, which is slightly below the superior rating.

Coverage Options

All the necessary insurance coverages for military car insurance.

Discounts

Although they have a military discount, it is a discount of fairly limited use. Many insurance providers offer a similar discount to students who go to university and leave their cars at home.

Apps/Website

The website is fairly basic.

Ease of Filing Claims

Average to below average reviews on customer and claims satisfaction.

Pros

  • Good coverage options
  • They offer a military discount
  • Good financial rating

Cons

  • Only covers motorists in Massachusets
  • Few discounts available
  • Customer service complaints

Esurance

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Features

Esurance has built a reputation as a solid insurance provider. They offer special rates for military personnel. They have earned a superior financial rating and are a good insurance provider to check when shopping for quotes.

Coverage Options

Esurance offers all necessary insurance options.

Discounts

Esurance is mindful of the unique characteristics of military personnel and offers competitive premium pricing for members of the military.

Apps/Website

Esurance follows GEICO’s lead as a very technological insurance provider.

Ease of Filing Claims

JD Power ranks Esurance as average across the board, but they earn a superior rating in the ease of use and performance of their call center.

Pros

  • Superior financial rating
  • Competitive premiums for military personnel
  • Above average claims call center

Cons

  • Few physical locations
  • Lacking in military specific discounts
  • Average performance in several claims areas

Nationwide

nationwide

Features

Nationwide is a major player in the insurance market and offer a wide range of products that include financial and retirement planning. They don’t offer specific military discounts, but military personnel are generally eligible for better Nationwide premiums than non-military customers.

Coverage Options

Nationwide offers a wide variety of services for all your insurance needs.

Discounts

Nationwide does not have a military specific discount, but they offer many programs for premium reduction. Nationwide also has discounts for home and auto insurance bundling.

Apps/Website

Nationwide offers a good smartphone application for managing your account or requesting roadside assistance.

Ease of Filing Claims

Nationwide is generally ranked above average by JD Power with regard to filing a claim. They also get fewer complaints than the industry average which indicates good customer service.

Pros

  • Superior financial rating
  • Discounts include a bundling option
  • Good claims satisfaction

Cons

  • No military discount
  • High premiums
  • SmartRide program tracks driver behavior in a way that maybe perceived as intrusive

Progressive

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Features

A very large insurance provider with a superior financial rating, Progressive offers military car insurance at a competitive rate across the whole nation. Although they don’t have many military specific discounts, military personnel are often eligible for superior premiums and insurance.

Coverage Options

Progressive offers a complete range of insurance products that can be personalized to suit any need.

Discounts

Progressive offers similar discounts to other major insurance providers but no discounts specific to the military.

Apps/Website

Their website has some unique features including the “name your price” tool which helps customers find the best insurance for their budget.

Ease of Filing Claims

JD Power ranks Progressive as average across the board for claims services, but below average in the performance and ease of use of their call center.

Pros

  • Superior financial rating
  • Good coverage options
  • Good website search tools

Cons

  • Below average call center
  • No military discount
  • Some customer complaints

The Verdict

Insurance is a critical consideration not just for motorists, but for anyone who is planning an overall financial and retirement strategy. Without sufficient protection from unforeseen accidents, an individual may put their entire asset portfolio at risk. It is critical for all individuals to make special considerations regarding their net worth and retirement plans when shopping for insurance. Price is a major factor when comparing insurance providers, but so is the financial security of the company. Inexpensive insurance from a company with a poor financial rating could put an individual’s assets at risk.It is always a good idea to compare the premiums and products of the insurance providers in your area. Premiums vary due to geographic regions and the specific factors of the motorist. When shopping for military car insurance, USAA will typically have the best insurance for the most inexpensive premium. Of all insurance providers, USAA has the best grasp of the unique needs of military members. It is always prudent to get several quotes when looking for military car insurance, but in most cases USAA will offer the best military car insurance at the most affordable price.

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