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Old 05-13-2021, 07:18 AM
 
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For those that have it, has anyone else had issues with USAA’s Car Insurance in terms of rate increases?
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Old 05-13-2021, 07:23 AM
 
Location: IN>Germany>ND>OH>TX>CA>Currently NoVa and a Vacation Lake House in PA
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I never got them, because they were twice what Geico was from the start. It pays to shop your car insurance every other year.
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Old 05-13-2021, 07:39 AM
 
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^Looks like that may be the case. It has been good, but there has been a random increase without any clear explanation.
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Old 05-13-2021, 11:50 AM
 
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That's going to be very location dependent rather than something company wide.

I do get quotes periodically, but even when I worked for another insurer no one could touch USAA in my case. But part of that is surely the payment history, length of membership and multiple product discounts that someone brand new wouldn't have.

Around $40/mo for full coverage at 300/500k with $250 deductibles.
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Old 05-16-2021, 01:13 PM
 
Location: Phoenix, AZ
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They raised their rates because losses caught up with them after years of low rates. It's that simple and it's how the entire insurance industry profit and loss cycles work.
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Old 05-16-2021, 01:35 PM
 
17,302 posts, read 12,245,675 times
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Quote:
Originally Posted by adjusterjack View Post
They raised their rates because losses caught up with them after years of low rates. It's that simple and it's how the entire insurance industry profit and loss cycles work.
They had 4 billion in profit and returned 1.1 billion of that to auto insurance members in dividends.

Posted their 2020 annual report recently:
https://www.usaa.com/inet/wc/annual-...kredirect=true
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Old 06-09-2021, 12:06 PM
 
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Yes, got a big increase with them this year. Same old cars with no accidents or tickets. Home owners went up too.
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Old 09-15-2022, 12:29 PM
 
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My homeowners went up because we had a large claim due to hail damage. They replaced the roof, siding and storage shed. But they didn't increase my auto insurance.
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