USAA Insurance Company Review
USAA Insurance Company at a Glance
- Founded in 1922
- Offers several types of coverage
- Offers coverage for military members and their families
- Offers personal and business coverage
- “A++” (superior) rating by A.M. Best
- “A-” (excellent) rating by Better Business Bureau (BBB)
- High ratings by Moody’s and Standard & Poor’s
- Strong financial stability
- Online claims reporting
- Mobile app available
USAA pros: Nearly a century’s worth of experience in the insurance industry. Offers several types of coverage for military members and their families, including auto insurance, umbrella insurance, flood insurance, and more. High ratings through A.M. Best, the BBB, and other organizations. Strong financial stability. Large customer base. Great user-friendly experience.
USAA cons: Not a BBB accredited business. No official claims response time frame promise. Many complaints filed through the BBB. Some mixed customer feedback.
What Types of Insurance Does USAA Offer?
USAA offers a wide range of coverages for military members and their families. Their insurance offerings include:
- Homeowners insurance
- Renters insurance
- Auto insurance
- Life insurance
- Health insurance
- Dental insurance
- Vision insurance
- Umbrella insurance
- Flood insurance
- Condo insurance
- Motorcycle, RV, and boat insurance
- Small business insurance
- Valuable personal property insurance
If you’re on the market for any of these coverage solutions, talk to your independent insurance agent about USAA to find out if this is the right carrier to meet your needs.
What to Know about USAA
USAA was founded in 1922, giving the carrier nearly a century’s worth of experience in the insurance industry. The insurance company was originally created by a group of Army officers who decided to insure each other’s vehicles. Since then, USAA has expanded to servicing millions of customers across the country with a variety of coverage solutions, including homeowners insurance, umbrella insurance, health insurance, and more.
As of 2019, USAA’s net worth surpassed $35 billion. By the end of that same year, the insurance company had 13 million members (i.e., policyholders) and 35,000 employees and had paid out $2.4 billion in returns to its customers. USAA has consistently received high marks from major credit rating agencies, such as an “Aaa,” or exceptional, rating from Moody’s Investors Service and an “AA+,” or very strong, rating from Standard & Poor’s. A.M. Best rates the insurance company as having an exceptional long-term outlook.
USAA’s long-standing history, massive size, and amount of insurance in force has aided the carrier’s reputation as a financially stable insurance company with a strong outlook for the future. A.M. Best, the leading global credit rating agency monitoring the insurance industry, gives USAA an “A++” rating—the highest available—indicating the carrier is a superior choice for insurance customers. A high rating from A.M. Best assures customers that USAA is capable of offering guaranteed, secure coverage from a trustworthy and reputable carrier.
Established in 1899, A.M. Best is one of the oldest rating companies in the world. Reviews from A.M. Best indicate an insurance company’s financial strength and creditworthiness, and are based on comprehensive evaluations of the company’s operating performance, business profile, and balance sheet. For customers who aren’t as familiar with insurance companies’ respective reputations, A.M. Best’s ratings system allows them to make an informed decision about who they can trust to meet their needs in the short term and to remain a strong, financially sound company in the long term.
What Discounts Does USAA Offer?
USAA offers several competitive discounts for its customers on all kinds of coverages, including their auto insurance. These discounts include:
- New vehicle discount: Offered to customers who insure a car that is less than three years old.
- Multi vehicle discount: Offered to customers who insure more than one car through USAA.
- Annual mileage discount: Offered to customers who drive less than a specified number of miles annually.
- Vehicle storage discount: Offered to customers who store a vehicle they insure through USAA.
- Family discount: Offered to new customers whose parents were insured by USAA first.
Your independent insurance agent can help you find even more information on discounts offered by USAA and additional ways to save money through the insurance company, helping you get the coverage you need at the rate you deserve.
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USAA Customer Service
USAA allows customers to file claims online at any time. The carrier provides the following customer service options:
- Online claims reporting
- Snail mail claims reporting
- Mobile app available
- Main customer service hotline has the following hours restrictions:
|Monday-Friday||8 am - 5 pm|
The best way to ensure a smooth customer service experience is by working with an independent insurance agent. Independent insurance agents can help make customer service easier for you by handling claims and other concerns.
What is USAA's average claim response time frame?
USAA allows customers to file claims through a couple of different mediums. However, the carrier does not make a specific claims response time frame promise.
What is USAA's customer service availability?
USAA allows claims reporting over the phone but encourages customers to file online. Their customer service hotline is available at restricted hours, Monday-Friday. The insurance company also has an active social media presence on Facebook, LinkedIn, and Twitter, which makes them even more accessible to customers.
What is USAA's claims process?
USAA offers a highly user-friendly claims process through its official website. Customers answer a series of simple, multiple choice questions, and the website automatically responds accordingly, making for a fast and easy guided filing process.
Does USAA create a user-friendly experience for customers?
USAA’s official website is excellent. The layout is highly intuitive and easy to navigate, and pertinent information is fleshed out in a satisfactory depth. However, the carrier could benefit from detailing a more specific claims response time frame promise. Due to increased call wait times during COVID-19, the carrier is currently encouraging customers to file claims through the website and provides a simple filing process. The carrier also has a mobile app and a strong social media presence. Overall, USAA’s user-friendly experience is among the best of all modern carriers today.
Does USAA have good auto insurance?
USAA offers a multitude of insurance products, but was originally founded with a focus on auto insurance. The insurance company offers the following coverage options under their auto insurance policies:
- Comprehensive coverage
- Collision coverage
- Liability coverage
- Uninsured and underinsured motorists coverage
- Full coverage (i.e., collision, comprehensive, and liability)
Your independent insurance agent can help you find out more about USAA’s auto insurance policies as well as their many other products offered.
Is USAA a good insurance company?
USAA has been around for nearly a century and has received very high marks through many different ratings organizations. However, the carrier is not accredited through the BBB and has had more than 1,400 complaints filed against them in the past three years, which is extremely high. That being said, while there is some mixed customer feedback, it’s easy to spot many glowing reviews of the carrier across the web. High ratings, satisfied customers, and a highly user-friendly experience combined allow us to safely determine that USAA is indeed a good insurance company.
USAA Customer Reviews
|“I love USAA. I have had a great experience still. I joined when purchasing my latest car about one year ago. I really appreciate their honesty and willingness to help you anyway they can. I am pleased as punch with them.”|
|“Have had USAA as the insurance coverage for many years. Christmas of 2018 saw a flood from the upstairs loo. Had no idea what to do. Called USAA and had immediate help with the entire process. Not what anyone wants on the holidays, but USAA made a horrible experience turn into one with a happy ending. USAA took care of all of the contractors, subcontractors, appointments, etc. Just paid deductible. It's nice peace of mind to have USAA.”|
|“I personally love the company, but you would think keeping the same vehicles and moving would not greatly increase my policy.”|
|“The customer service representatives are knowledgeable, kind, courteous, respectful and work very hard to satisfy your needs or claims. The claim processes, which I’ve had to make use of a couple of times during my time as a USAA customer, has been easy to use, the easiest I’ve ever run across to file a claim with, and are very honest and reasonable when completing your claim. The time between making a claim and getting the vehicle fixed or your property claim resolved is the best and quickest I’ve ever come across. Their company security, involving your accounts, is excellent. Their website, for the most part, is easy to sign into and to negotiate throughout your entire online account. I repeat, this insurance company is, without a doubt, the very best I’ve ever done business with.”|
|“I'd been a Esurance customer for many years, and decided to compare companies in an effort to save money. Because of my Veteran status, I was able to get coverage from USAA, and now I save over $30 monthly versus Esurance. I recently was involved in a hit-run accident; no injuries. When I contacted USAA they immediately jumped into action. After describing the incident, they gave me a choice of repair facilities; recommended or I could choose my own. I went with one of their choices. Within an hour, I was contacted by the repair facility; set an appointment; provided pictures and description of damage. USAA also arranged a rental, sending the request directly to Enterprise. This accident occurred on 7-17; dropped the car off on 7-20. A completely stress-free experience.”|
TrustedChoice.com's Final Review
We award USAA insurance company a final rating of 4.5 out of 5 stars. For starters, the carrier has been around for just under a century now. USAA has received extremely high ratings through multiple organizations, including A.M. Best and the BBB. While coverage availability is limited to military members and their families, the carrier provides a multitude of insurance products for this niche of customers, from homeowners insurance to umbrella insurance and beyond. The carrier has had a high volume of complaints filed against them through the BBB over the past few years, which is a bit concerning and docks them a couple of points in our books. However, despite the somewhat mixed customer feedback, many folks leave glowing reviews and report excellent experiences with the carrier’s customer service and coverage alike. USAA also provides one of the best user-friendly experiences around with an excellent website and simple claims filing process. Overall, we say that if you qualify for coverage and are in need of any of their products, don’t hesitate to look into USAA with your independent insurance agent to be your next trusted insurance company.
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