USAA Auto Insurance Increase

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sjeff3
Posts: 4
Joined: Sun Apr 17, 2016 7:04 pm

USAA Auto Insurance Increase

Post by sjeff3 » Sat Aug 26, 2017 9:42 am

Just received an email telling me my USAA auto insurance premium will be increased nearly 15% due to "industry wide trends". I'm wondering if anyone else has received this notification?

brokendirtdart
Posts: 115
Joined: Mon Jan 02, 2017 8:27 pm
Location: Circus watching and avoiding horses in Atropia

Re: USAA Auto Insurance Increase

Post by brokendirtdart » Sat Aug 26, 2017 9:48 am

I have USAA and have not.

For the record, I have been "playing" with my auto insurance while preparing for a move to another state. Just last week discovering the $10 "discount" for automatic payments.

Acknowledging baliktad's point below. Edit to add: Covered under United Services Automobile Association as a currently active duty senior NCO. Have been insured with USAA for approximately 10 years. Have had a financial relationship with them for approximately 15 years.
Last edited by brokendirtdart on Sat Aug 26, 2017 2:10 pm, edited 2 times in total.

tomd37
Posts: 2803
Joined: Thu Mar 01, 2007 10:39 pm
Location: Middle Tennessee

Re: USAA Auto Insurance Increase

Post by tomd37 » Sat Aug 26, 2017 10:18 am

My United Services Automobile Association semi-annual auto renewal policy just came yesterday and the price did not increase. Have been with USAA for all insurances since 1961 and had excellent claim payments for the two no-fault accidents in those 57 years. :D
Last edited by tomd37 on Sat Aug 26, 2017 1:23 pm, edited 1 time in total.
Tom D.

retire57
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Joined: Fri Oct 28, 2016 3:03 pm

Re: USAA Auto Insurance Increase

Post by retire57 » Sat Aug 26, 2017 11:26 am

With USAA for 35 years - no such notice.

stan1
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Joined: Mon Oct 08, 2007 4:35 pm

Re: USAA Auto Insurance Increase

Post by stan1 » Sat Aug 26, 2017 12:26 pm

My understanding is USAA has different risk pools. We are in the mature retired officer pool and have been with USAA for 35 years. I think that helps.

brokendirtdart
Posts: 115
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Location: Circus watching and avoiding horses in Atropia

Re: USAA Auto Insurance Increase

Post by brokendirtdart » Sat Aug 26, 2017 1:12 pm

stan1 wrote:
Sat Aug 26, 2017 12:26 pm
My understanding is USAA has different risk pools.
Same understanding here and some of it indicated by this post: viewtopic.php?p=3507054#p3411462

One inaccuracy to the linked list is senior NCOs fall into the upper tier.

Hockey10
Posts: 259
Joined: Wed Aug 24, 2016 12:20 pm
Location: Philadelphia suburbs

Re: USAA Auto Insurance Increase

Post by Hockey10 » Sat Aug 26, 2017 1:13 pm

33 years for me with USAA and I don't believe I have ever received any notice like that

baliktad
Posts: 31
Joined: Sun Mar 26, 2017 12:13 pm

Re: USAA Auto Insurance Increase

Post by baliktad » Sat Aug 26, 2017 1:21 pm

brokendirtdart wrote:
Sat Aug 26, 2017 1:12 pm
stan1 wrote:
Sat Aug 26, 2017 12:26 pm
My understanding is USAA has different risk pools.
Same understanding here and some of it indicated by this post: viewtopic.php?p=3507054#p3411462

One inaccuracy to the linked list is senior NCOs fall into the upper tier.
Any discussion of USAA insurance is incomplete without specifying the 'tier' of insurance subscribed to. See the post above for descriptions. Check your insurance card or billing statement to find your tier.

I have auto insurance through USAA CIC, which just increased 14%. Property insurance through USAA GAR which is up for renewal at the end of the year.

THY4373
Posts: 703
Joined: Thu Mar 22, 2012 3:17 pm

Re: USAA Auto Insurance Increase

Post by THY4373 » Sat Aug 26, 2017 1:22 pm

Soon to be ex-wife got a similar notice on her (formerly our) house. Insurance went up like 40%. The real reason in that instance is with the impending divorce she was moved from the risk pool that I qualified for into a lower (status) one. She has since moved to Amica which is even cheaper than what we had been paying USAA for a number of years prior (and before the recent increase).

USAA is great but the lower your tier in the hierarchy (see link posted above) the more likely you can do better elsewhere.

Edit to add policy went from CIC to GAR with the increase. Also I should add no increase for me on auto so far this year nor my renters insurance.

tj
Posts: 2051
Joined: Thu Dec 24, 2009 12:10 am

Re: USAA Auto Insurance Increase

Post by tj » Sat Aug 26, 2017 8:14 pm

baliktad wrote:
Sat Aug 26, 2017 1:21 pm
brokendirtdart wrote:
Sat Aug 26, 2017 1:12 pm
stan1 wrote:
Sat Aug 26, 2017 12:26 pm
My understanding is USAA has different risk pools.
Same understanding here and some of it indicated by this post: viewtopic.php?p=3507054#p3411462

One inaccuracy to the linked list is senior NCOs fall into the upper tier.
Any discussion of USAA insurance is incomplete without specifying the 'tier' of insurance subscribed to. See the post above for descriptions. Check your insurance card or billing statement to find your tier.

I have auto insurance through USAA CIC, which just increased 14%. Property insurance through USAA GAR which is up for renewal at the end of the year.
I've only ever had GAR (grandfather had actual USAA, and my parents have CIC...), and I've always found my rates to better than anything elsewhere - both in California and Arizona. Arizona is more expensive than California though for whatever reason. I will note that I've been with USAA via Garrison for 7 years now and Garrison has yet to issue a policy dividend.

bayview
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Location: WNC

Re: USAA Auto Insurance Increase

Post by bayview » Sat Aug 26, 2017 8:21 pm

We are USAA CIC, and no rate increase yet, but we're only halfway through our current 6-month policy. Since we tend to ignore the tons of emails from USAA (we have lots of separate policies), thank you for bringing this to our attention. We will go onto full alert by late October or early November.
The continuous execution of a sound strategy gives you the benefit of the strategy. That's what it's all about. --Rick Ferri

scifilover
Posts: 225
Joined: Sun Apr 14, 2013 12:56 pm

Re: USAA Auto Insurance Increase

Post by scifilover » Sun Aug 27, 2017 8:42 am

Notices tend to go out with semi-annual renewals. Mine went up about 10%. However, in checking prices, it is still considerably lower than other companies.

In discussing insurance pricing when getting quotes, I was advised that all the safety gear that has been added to cars in the last few years in causing an increase in the severity of typical accidents. A new windshield which has a camera must be "aligned" so that it produces correct responses for the computer. This can increase the cost to replace a W/S by more than $1000.

So, even though the safety gear prevents collisions, those that occur cost a lot more to fix.

bayview
Posts: 1504
Joined: Thu Aug 02, 2012 7:05 pm
Location: WNC

Re: USAA Auto Insurance Increase

Post by bayview » Sun Aug 27, 2017 5:45 pm

A question sparked by another thread:

If you switch your USAA insurance policy to another firm, could you lose your eligibility for your current level of membership?

I've been USAA CIC (father was Army officer) for 40-some years now. We have bank accounts at USAA as well.

If we feel we have to go rate shopping, I wouldn't want to get dropped to a lower tier.
The continuous execution of a sound strategy gives you the benefit of the strategy. That's what it's all about. --Rick Ferri

tj
Posts: 2051
Joined: Thu Dec 24, 2009 12:10 am

Re: USAA Auto Insurance Increase

Post by tj » Sun Aug 27, 2017 7:34 pm

bayview wrote:
Sun Aug 27, 2017 5:45 pm
A question sparked by another thread:

If you switch your USAA insurance policy to another firm, could you lose your eligibility for your current level of membership?

I've been USAA CIC (father was Army officer) for 40-some years now. We have bank accounts at USAA as well.

If we feel we have to go rate shopping, I wouldn't want to get dropped to a lower tier.
I don't see why you would.

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