Auto Insurance question (USAA)

[wolfman]

I couldn’t figure find this anywhere on the web, so I was hoping someone had good inside knowledge, or can tell me if it’s just a misunderstanding.

I have USAA auto insurance, and I’m perfectly happy with it, and recommend it to others if they qualify. But I remember some guy once told me something, and I cant remember what exactly it was. Something like USAA actually has several auto insurance companies they will switch you around between depending on your history/stupidity, and they are not always as good as each other.

Something like a heirarchy of
USAA Auto Insurance
USAA Casualty Auto Insurance
USAA General indemnity Auto Insurance.

Is that true, or what’s the real deal.

Thanks.

[hellpaso]

Interesting question. I went and checked my proof of insurance card, and what it says under insurance company is “United Services Automobile Association”. I wonder if you could find out on their website.

[Desert_Nomad]

Mine says USAA Casualty Insurance Company

[Gfactor]

Automobile insurance provided by United Services Automobile Association, USAA Casualty Insurance Company, USAA General Indemnity Company, Garrison Property and Casualty Insurance Company, USAA County Mutual Insurance Company, USAA Limited (Europe). San Antonio, TX. Each company has sole financial responsibility for its own products.

https://www.usaa.com/inet/ent_utils/McStaticPages?key=insurance_auto_product

USAA Casualty Insurance Company, hereinafter referred to as “the Company”, is a stock company that specializes in writing personal property and casualty insurance for ex-dependents of United Service Automobile Association members. All outstanding capital stock is wholly owned by the United Services Automobile Association.

http://www.dora.state.co.us/insurance/mcexam/2001/usaacic01.pdf

[Rick]

Unlike life insurance, auto insurance has no substandard rates.
So let’s say a hypothetical auto insurance company (SDMB Auto insurance) will only take people with 1 ticket or less.
You apply to SDMBAI, but you have two tickets. We can either let your premium dollars walk, or we can start a substandard company (We will call it SDMB Insurance co.) So you get a policy from SDMBIC, and tell your friends that you are insured with SDMB.
Also some quirks in state laws, may make a company have a subsidiary for one or two states.
Both State Farm, and Farmers have substandard companies. I am sure most of the other majors do also.

[scout1222]

@Desert_Nomad

Mine says USAA Casualty Insurance Company

So does mine.

I probably shouldn’t be posting a WAG in GQ, but…

I got hooked into USAA when I was married to an officer in the Navy. When we divorced, and I called them up to update our car insurance policies, I was moved to the Casualty Insurance Company. I was under the impression that it was because I was not directly affiliated with the military anymore - so I was “grandfathered in” to be able to keep my USAA insurance, but it was handled by a separate company.

I’ll try to find something to support that…Err, duh, how about the quote in post 4.

NEVER MIND!