If you're currently serving in the military or you're a veteran, then you could be eligible for affordable insurance to cover everything from your car to your home.
Even family members of current or former service personnel can take advantage of discounts and unique offers on all sorts of policies, so here's a look at what you need to do to secure significant savings on insurance premiums.
Look for cover from military-specific providers
The most obvious route to take is to purchase policies from the United Services Automobile Association (USAA), a financial services organization set up and operated with the express purpose of catering to the needs of current and former members of America's armed forces.
You can see how USAA compares to other services in the same market, in order to get a sense if the insurance packages it provides are right for your needs.
Car insurance, life insurance, home insurance and many other types of cost-effective cover are offered. It also provides banking and investment services to customers, so it could be a good all-in-one solution for those who are eligible.
In terms of eligibility, family members of military employees and veterans, as well as spouses and adult children, are included. Although of course you'll need to go through the sign-up and approval process first.
Seek discounts from mainstream insurance brands
The USAA is far from your only option if you're a veteran looking to save on insurance. There are a plethora of other well-known companies that will happily accept you as a customer and offer you a discount because of your contribution to national safety and security.
Geico is a good example, as it has worked closely with former members of the armed forces in order to come up with packages that are tailored to the needs of current personnel. So whether you're serving overseas or looking to insure a vehicle or property domestically, it's worth weighing up the products from this provider.
Liberty Mutual is another insurer which will knock money off the price of auto insurance so long as at least one person who's named on the policy is currently serving or has served in the past.
Make the most of government programs
The Department of Veteran Affairs has a handful of insurance policy options for veterans and service members, with life insurance being the most prominent and popular.
As you'd expect, this government-backed scheme is especially generous and also takes into account the particular circumstances and risks that face people in this category.
Understand the other factors at play
It's worth pointing out that a discount that's applied for being in the military or your status as a veteran is only part of the story of how much you'll pay for insurance.
There are plenty of other things which feed into the premium price that's calculated by your provider of choice. Things like your age, your driving history, your medical history, and even your credit score may influence how much you're charged.
So if you're looking to save money, you need to be aware of what will influence pricing on essentials like auto insurance, or else you could end up paying over the odds.
Wrapping up
The important thing to remember is that you don't just have to opt for a bog standard insurance policy if you're a veteran. There are products out there that have been put together with your needs in mind, and so long as you compare quotes from several providers, getting a good deal is possible in just a few minutes.
* This is a contributed article and this content does not necessarily represent the views of sciencetimes.com
