If you are on active duty, retired from the military, or are a member of the National Guard or Reserve, you may be entitled to a military discount of up to 15 percent on your total insurance premium. GEICO provides military discounts to active and former members of the force and to National Reserve and National Guard officers. Participants get a 15 percent reduction in their total coverage charges. GEICO suspends auto insurance for deployed military officers who keep their vehicles at their base for more than 30 days.
The company suspends insurance charges for participants in this discount until they return from the assigned areas. If you're a veteran or retired military member, you should definitely consider Armed Forces insurance when comparing your car insurance quotes. Although Armed Forces Insurance is a smaller and less well-known company in the field of auto insurance, the company maintains some notable ratings. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer.
Armed Forces Insurance offers insurance for cars, homeowners and motorcycles in all 50 states and in Washington, D. For veteran or military drivers seeking auto insurance, it's important to know that car insurance qualifying factors aren't heavily influenced by the specific military status. If you have car insurance through the USAA, you can save up to 60 percent on your insurance if you store your vehicle while it's deployed. Below, you'll find some of the best auto insurance companies for military families when it comes to savings opportunities focused on the military sector.
Carol Pope is an insurance writer for Bankrate and, before joining the team, she worked as an auto insurance agent for 12 years. While many auto insurance companies extend coverage to veterans, the USAA and the Armed Forces Insurance Exchange (AFI) are only available to eligible military members, including veterans. Geico has a long history of offering auto insurance designed for military families, including military-focused discounts. Military personnel may qualify for special discounts on car insurance, but this depends on the insurance company.
In addition to the standard discounts for active military personnel and retired veterans, some auto insurance companies also allow active duty service members to temporarily cancel their auto insurance policy to save money. However, most military auto insurance providers offer a 5% to 15% discount for active duty and retired military personnel. Keep in mind that you should reinstate your insurance before you hit the road if insurance is mandatory in your state.