Active Duty Military Personnel, Veterans, and their eligible family members can take advantage of a compelling option for securing top-notch motorcycle insurance through USAA.
By being a USAA member, you automatically receive a 5% discount on your premiums. In addition to the cost savings, you’ll benefit from features such as 24-hour roadside assistance, 24-hour claims service, outstanding customer service, and more. Here’s further insight into why opting for USAA motorcycle insurance can be a wise choice if you have a military affiliation.
Pros and Cons of USAA Motorcycle Insurance
Pros:
1. 24/7 Claims Processing
– USAA provides around-the-clock claims processing, ensuring that in the event of an accident, you can initiate the claims process without waiting for regular business hours. The option to file and monitor claims online adds convenience to the process.
2. Convenient App
– USAA offers a user-friendly mobile app, facilitating easy management of your services. This is particularly advantageous if you utilize USAA for various products such as banking, credit cards, or homeowners insurance. The app allows you to access your insurance card, make payments, check claim statuses, and request 24/7 roadside assistance.
3. Affordable Coverage
– USAA tends to offer more budget-friendly insurance options. While specific policy costs depend on factors like age, motorcycle type, and driving history, USAA generally provides cost-effective solutions compared to other insurers.
Cons:
1. Exclusive Availability
– USAA motorcycle insurance is limited to a specific demographic. Enrollment is restricted to veterans, active military personnel, and eligible family members, including children, spouses, and divorced or widowed spouses. Access to USAA services for veterans and their immediate family members is contingent upon the serviceperson’s honorable discharge.
2. Third-Party Insurer
– Notably, when obtaining insurance through USAA, the coverage is technically provided by Progressive, not USAA directly. While this arrangement offers a discount to USAA members, individuals who prefer not to have Progressive manage their policy may want to consider this aspect.
USAA Motorcycle Insurance Coverage Options
USAA’s motorcycle insurance provides a diverse range of benefits and extensive coverage options, catering to the needs of policyholders. As a USAA member, here are some of the coverage options available to you:
1. Bodily Injury and Property Damage Liability Coverage
This coverage addresses repair costs and hospital bills for individuals affected by an accident you cause. It also covers legal expenses if the other party pursues legal action, meeting the minimum insurance requirements in most states.
2. Comprehensive and Collision Coverage
USAA offers collision coverage, paying for repairs or replacement of your motorcycle in case of an accident. Additionally, comprehensive coverage is available, providing protection in events beyond your control, such as natural disasters or theft. Comprehensive and collision coverage is typically required if you have a lease or loan on your motorcycle.
3. Uninsured/Underinsured Motorist Coverage
In the event of an accident with an uninsured or underinsured driver, this coverage kicks in to cover the claim. It offers added protection and is particularly valuable in hit-and-run situations.
4. Medical Payments Coverage
USAA’s medical payments coverage handles hospital bills and medical expenses for those injured in an accident involving your motorcycle, regardless of fault. This includes coverage for you, your passengers, and individuals in other vehicles involved in the crash.
5. Roadside Assistance Coverage
USAA provides 24/7 roadside assistance, offering support in various scenarios such as towing to a nearby repair shop, tire replacement, assistance in mud or snow, jump-starts for dead batteries, and fuel delivery in case of running out of gas. The company boasts a prompt response time of 60 to 90 minutes for service calls.
USAA Motorcycle Insurance Pricing Factors
The cost of your motorcycle insurance with USAA is influenced by several factors:
– Driving History: Your past driving record is considered in determining your premium.
– Motorcycle Make and Model: The specific details of your motorcycle, including its make and model, play a role in determining the premium.
– Location: Your geographical location is factored in.
– Age and Experience: The age and experience of all covered riders contribute to the pricing.
– Intended Use: How you plan to use your motorcycle is considered in assessing the premium.
To obtain a personalized quote, you can visit the USAA website, log in, and provide basic information about yourself and your motorcycle. It’s advisable to inquire about potential discounts you may be eligible for before finalizing your policy.
USAA Motorcycle Insurance Financial Stability
Founded in 1922 by army officers, USAA offers financial and insurance products at reduced rates for military personnel and their dependents. Despite assumptions about its nonprofit or federal government affiliation, USAA is a private company.
USAA holds an A++ rating from AM Best, signifying the highest level of financial stability according to the agency. This rating reflects AM Best’s confidence in USAA’s strong financial standing.