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Auto Insurance Dividend

December 29th, 2013 at 05:22 pm

One of the best financial gifts my father ever gave me is the ability to have USAA insurance. My dad enlisted as an officer the Navy back in the 50s. He went to college on the GI bill, and he got USAA Insurance.

When I started to drive, I got USAA, too. And F has a savings account there, so she's a member, too. They've always been so helpful, and the prices are the best I've found. When I had a claim, they were amazing.

Anyway, today I got my yearly dividend, a little over $70, which reduces our auto insurance payment this month down to just $31.84. USAA provides dividends at the end of the year if the amount of claims is lower than expected; what a great company!

Posted in Frugal Living | 4 Comments »

4 Responses to “Auto Insurance Dividend”

  1. creditcardfree Says:
    December 29th, 2013 at 06:00 pm 1388340033
    1388340033

    We pay our USAA auto insurance twice per year. We got a dividend this year, too. I think over $60. I had ours put into our bank account and then sent it to the mortgage.

  2. Buendia Says:
    December 29th, 2013 at 06:34 pm 1388342078
    1388342078

    Is there an advantage to paying twice a year? I'd be up for that if there is! (I thought last time I checked there wasn't a difference between paying 8x a year (it's 4 months on, 2 months off) and paying twice a year or once a year. I'm going to check again, though!!

  3. creditcardfree Says:
    December 29th, 2013 at 10:36 pm 1388356585
    1388356585

    There was at one time, but I'm not sure if that is still the case. You would need to contact USAA to confirm. Definitely worth checking if can save you some money.

  4. Nika Says:
    December 30th, 2013 at 09:21 pm 1388438509
    1388438509

    I wish this was an option for us!

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