As a member of the U.S. Army or other branch of the armed services, you may be wondering whether there are car insurance discounts for those who have served in the military or are on active duty. Yes, some companies do offer auto insurance savings for military members and their families. The particular pricing, discounts, options and requirements vary among insurance companies, so be sure to shop around. In addition to military discounts or reduced pricing on car insurance for veterans, you may qualify for other cost savings as well.
You may qualify for military discounts whether you are on active duty or you are retired from military service. Some of the groups that may qualify for these discounts include:
The variables that may be taken into account when determining your armed forces insurance rates include whether your vehicle is garaged at home or on the military base, and whether you are active, deployed or retired.
In addition to asking about military car insurance discounts, ask your agent about how to maintain insurance if you are deployed. Additional discounts may be available to reduce your premium while you are on active duty overseas.
If you plan to stop coverage on your vehicle and keep it stored in a garage and out of use while on a tour of duty, be sure to talk directly with a knowledgeable agent about how best to stop or reduce your auto insurance. Many companies favor those who have had ongoing, uninterrupted insurance coverage. Therefore, it will be important to ensure that you do not experience a penalty for discontinuing your car insurance during your deployment.
If you are retired from military service, you may be eligible for retired military insurance discounts. Your agent will be able to find discounts available through your service or affiliation with retired personnel associations.
Available car insurance discounts for veterans will vary by state. Working with a local representative in your area can help ensure that you obtain any veterans discounts in your geographic area.
Be sure to talk with your agent about whether military car insurance discounts are available for members of associations, such as the National Military Family Association. If you are a member of the armed forces, or a family member of a military member, it may even be worthwhile to join one of these associations to get additional savings on your auto insurance.
Be sure to review all the auto insurance discounts that may be available to you, regardless of your current military standing.