USAA is cheap because the company is the largest insurer of the military community, and that volume allows USAA to offer more competitive rates. USAA captured 6% of the total private-passenger insurance market in 2019, despite only offering coverage to service members and their families. USAA ranked 2nd overall in WalletHub’s cheap car insurance study of more than 40 major insurers, partly because it offers discounts for owning a new car, being a low-mileage driver, and more. Plus, USAA rewards customer loyalty with discounts for insuring more than one car or bundling multiple policies, such as home and auto. However, USAA only offers coverage to the U.S. military community.
USAA is especially cheap for responsible drivers in particular. That’s because USAA has special savings opportunities for drivers in this category, such as discounts for safe drivers, good students, and people who take a driver training course. But even though USAA is among the cheapest car insurance companies, the only way to confirm you’ve found the lowest price is to compare quotes from multiple companies. Your final premium is based on a variety of factors, like your driving record, insurance history, the type of car you drive, and more, and all insurance companies can’t offer the same rate.
To get a personalized quote from USAA, you can speak to a representative by calling 1 (800) 531-8722.
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