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USAA homeowners insurance includes replacement cost coverage for your personal items. That means you’ll get paid what it costs to buy them new, not what they were worth when the tornado hit. Some insurance companies charge more for this level of coverage. Founded in 1922 by military officers who wanted to insure each other’s cars, USAA offers some of the least expensive homeowners insurance in the country.
USAA home insurance discounts
If you carry a mortgage on your home, your claim check may include your mortgage servicer’s name. You’ll need your servicer to endorse the check before your bank will accept it. Personal property coverage pays if a tornado sucks up your house and everything in it and spits it out in smithereens three blocks over — or if someone breaks into your house and steals your stuff. USAA has a superior rating from AM Best for its financial strength, which is an indicator of its ability to pay out its claims. When you hop on USAA's home insurance policy, you automatically get $5,000 in identity theft coverage.
USAA Homeowners Insurance Review 2024
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The primary difference between USAA and Geico home insurance is that USAA sells its own policies while Geico offers homeowners insurance through third parties. Your coverage options with Geico depend on the company you’re matched with, and if you need to file a claim, you’ll have to file directly with the third-party provider. Foremost’s mobile and manufactured home insurance covers your dwelling and personal liability. It also provides coverage for accidental loss, personal belongings and additional living expenses.
Is USAA Good at Paying Claims?
Homeowners insurance can be a significant expense, but most insurers offer various discounts. Being a property owner means someone could sue you if they get injured, whether they fall off the trampoline in your backyard or your dog bites them at the park. Liability insurance will pay for the other person’s medical expenses if you are at fault for the injury. Your property might have other permanent buildings like an accessory dwelling unit, gazebo, in-ground hot tub, fence, shed or cabana. If you’re renting out a room, home-sharing coverage pays for injuries of any guests. This might not be available in the state you live in; comb over the fine print for restrictions.
Ideally, nothing, but if they sprain their ankle and want you to pay for their urgent care visit and physical therapy, you can turn to your homeowners insurance policy. Liability insurance means the insurance company will defend you in court if someone sues you over injury or property damage. And it will cover any judgments and settlements, up to your policy’s liability coverage limit. Living somewhere else while your home gets repaired or rebuilt can be expensive. Loss of use or additional living expenses coverage makes sure you won’t have to couch surf or camp in your backyard if your house is damaged by a covered problem, like a fire. USAA’s average annual home insurance rate of $1,270 for dwelling coverage of $350,000 is well below the national average.
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A couple reasons why USAA is so highly rated by its customers? It offers numerous high-quality coverages at a rate that doesn’t break the bank. NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices.
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Its NAIC complaint level is well below the industry average, and better than some of the other home insurance companies we analyzed. HO-3 is industry lingo for the most common type of homeowners insurance policy. It covers any cause of damage to your house structure except those it specifically excludes, such as floods and earthquakes. Here’s how USAA’s rates compare to competitors for a homeowners policy with $350,000 worth of dwelling coverage.
Home Sharing Coverage
We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available. Well-established insurer with a lengthy list of coverage options. Health insurance, including Medicare plans, are available through USAA, and you can get USAA life insurance without any military affiliation. You may be eligible to join USAA as a military trainee or officer candidate if you’re in an approved program.
USAA customer reviews and complaints
This covers repairing or rebuilding your home from the ground up should it become damaged or destroyed due to a covered hazard. These perils typically include fires, windstorms, explosions, hail, or acts of vandalism or burglary. This usually includes structures connected to your home, such as an attached garage, chimneys, or a deck. Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations. Discounts Ratings are based on the number of discounts a company offers in comparison to other insurers. Geico serves a wide swath of homeowners, not just active-duty military members and veterans.
Compare USAA to similar homeowners insurance companies using the table below. NerdWallet calculated median rates for 40-year-old homeowners from various insurance companies in every ZIP code across the U.S. USAA offers homeowners insurance in all 50 states and Washington, D.C. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. The information is accurate as of the publish date, but always check the provider’s website for the most current information. If your claim is approved, your claim payment may be issued in phases.
Should your personal belongings be destroyed, damaged, or stolen during a disaster or covered incident, this type of insurance will cover the cost of replacement. Personal possessions that aren’t in your home during the occurrence might also be covered—items in the trunk of your car or in your storage unit. However, collectibles, art, and jewelry aren’t always covered and might require additional insurance.
Children and step-children can join if their eligible parent joins. USAA works with a partner company, Foremost, to insure manufactured and mobile homes. Widely available across the U.S. with lots of ways to customize your policy, but receives more complaints than expected.
The key difference between USAA and Allstate home insurance is that Allstate sells policies to the general population while USAA serves the military community. Beyond that, in most states, USAA includes certain coverage that Allstate charges extra for. Examples include personal property replacement cost and home-sharing coverage.
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Offers perks and affordable rates for the military community. Read our Allstate home insurance review for more information. Covers legal expenses and damages if you're responsible for injuries to other people or their property. Pays to repair or replace personal belongings such as furniture or clothing.
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