Usaa

[captain soggy]

I pay to much for car Insurance but I do business with the same people who stuck by me when times were hard. Full coverage on a 2004 Cadillac and 2000 Toyota for three driver 92 bucks a month a pretty good deal in Texas.

Also heads up my oldest son had accident that insurance totaled and now he is about 2000 short to pay off loan and and no car to boot. Make sure you have replacement cost insurance if you are carrying collision and have a loan.

I have had USAA for the past 34 years. It is hard figure out exactly how much my premiums are because they keep giving me back some money every year and adding some to my savings account. I have over 6 thousand in it and when I have 35 years with them I start getting some of that credited back to me also. All claims I have had with them have been handled fairly and quickly. I am totally satisfied with them. Have you ever heard of another insurance company giving you back some of your money because they had made enough to cover all the claims for the year.

[justrluk]

Update: They just started distributing the subscriber savings account shares. Saw my deposit this A.M.

As for gap coverage, they'll send you a check for up to whatever you owed on the vehicle and what the vehicle is worth or whatever they can recover (up do a given dollar amount of course), BUT you will receive a tax document at the end of the year as the company will consider this a 'gift' to you and you have to claim it as income - spoken from personal experience. Still very happy with the company, though!

Edited December 9, 2010 by justrluk

[bill1978]

Even though this thread is old, here's my two cents.

I've had USAA since 1972 and I see no bargains with them. I've had no accidents since the late 70's and their dismal dividend check of under $10 annually is a joke. Also, my car is over 13 years old. All I ever see is the rates keep going up and I have minimum coverage because my car is so old.

I keep telling them when am I going to see something back for all those years. Like better rates. I've been thinking about getting rid of them, but the others are charging slightly more and say my car insurance rates will go down after a few years. I'm looking to pay less now not years down the road.

They used to be good, but I think they're getting just like the others. Desperate. They never had to advertise on TV before. I think they're losing business or the competition is too great because their prices are not that much different from other insurance companies. At least from my experience they're no bargain anymore.