Many insurers offer discounts for current and former military members. These typically range between 5% and 15%, depending on the insurer. Some companies, such as USAA, go a step further and specialize in providing car insurance exclusively to active military personnel, veterans and their families. These providers tend to have the lowest average annual premiums among the companies we reviewed.
In general, if you qualify for military discounts, it's worth checking with several different companies to see which is the best fit. It's also important to keep in mind that auto insurance rates aren't greatly impacted by specific military status, so you shouldn't limit your search to insurers that specifically offer military discounts.
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To qualify for a military discount, you'll need to provide proof of your status. Typically, you'll need to present your current military orders, a leaving and earning statement or a DD-214 discharge statement. Other requirements vary by company. For example, some companies may require that you show a current membership card at the time of purchase. Others may require that you take a defensive driving course before granting the discount.
Most companies that offer military discounts also give other savings to qualifying drivers, such as good student discounts or bundling home and auto policies. Some companies, such as GEICO and Farmers, also offer special savings to drivers with clean records.
While it is important to check out the discounts offered by each provider, you should consider customer service ratings as well. Research from J.D. Power shows that USAA provides superior customer service to its policyholders compared to GEICO. In addition, a review of complaints by the National Association of Insurance Commissioners (NAIC) found that USAA has fewer than half as many complaints as the national average. In the end, choosing an insurance company with solid customer ratings and a focus on auto insurance is key to finding a great deal. You should also look for other ways to save, such as keeping a clean driving record or having a good credit score, as these can help you reduce your rates over time.
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An insurance early signing discount is a reduced rate offered to drivers who shop for and sign up with new insurers before their current policies expire. This is a little more uncommon than other discounts, but you can still find several companies that offer this – Allstate, for example, offers a 10% discount to drivers who sign up a week before their renewal dates.
Most insurance companies also offer a number of other discounts depending on how you pay your premium. For instance, some offer a discount if you pay your policy by automatic EFT or use paperless billing. These types of discounts usually aren’t very big, but they can add up over the course of a few years.
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