6 best homeowners insurance companies for veterans and active-duty military members
The following insurance companies understand the insurance needs of active military members and veterans. Some have special insurance products and services designed especially for you or offer home insurance to veterans and active-duty military at a reduced rate.
USAA
The United Services Automobile Association was founded in 1922 by a group of Army officers who pooled their resources to insure each other’s cars. Today, the company is a major force in insurance, investment, and banking products for veterans and members of the military and their families.
USAA received the highest overall score in the J.D. Power 2022 U.S. Property Claims Satisfaction Study, which surveyed customers who had filed a claim during the previous nine months. A.M. Best awarded USAA an A+++ (Superior) financial strength rating.[1] These awards illustrate USAA’s sound business practices and commitment to serving the financial needs of its customers.
Who is USAA best for?
USSA is best for veterans and military members who want a one-stop solution for all their financial needs.
What are USAA’s eligibility requirements?
USAA lists the following people as being eligible for USAA membership:
Active-duty military
National Guard and Reservists
Veterans who have honorably served
Contracted cadets and midshipmen
Officer and warrant officer candidates
Military spouses
Children of USAA members
Service academy appointees
What veteran-specific discounts does USAA offer?
USAA doesn’t offer veteran-specific discounts. However, it does offer a number of ways for all its homeowners insurance customers to save, such as by bundling products and insuring your property continuously for three years with USAA.
What’s the average cost of a USAA homeowners policy?
$1,903 annually
AFI
Armed Forces Insurance was founded in 1887 by military leaders committed to providing Armed Forces military professionals with high-quality, reasonably priced property and casualty insurance. To make sure you get the best price, AFI will even shop national insurers on your behalf.
Who is AFI best for?
AFI is best for eligible members who want the best possible rate.
What are AFI’s eligibility requirements?
The following people are eligible for AFI homeowners insurance:
Active-duty, retired, or honorably discharged members of any branch of the U.S. military
Civil Air Patrol, Coast Guard Auxiliary, Merchant Marine, Military Auxiliary Radio System, and Marine Corps Auxiliary members
Active or retired U.S. Department of Defense, U.S. Department of Veterans Affairs, and Civilian Auxiliary employees
Current or past commissioned officers of the NOAA or PHS
ROTC and service academy cadets
Spouses or children of eligible members
What’s the average cost of an AFI homeowners policy?
$1,544 annually
What veteran-specific discounts does AFI offer?
While the company doesn’t have veteran-specific discounts, its agents will look for discounts to save you money.
Farmers
J.D. Power’s 2022 Property Claims Study ranked Farmers in the top three insurance companies for property claims satisfaction, which means that customers who filed claims were highly satisfied with how they were handled.[2] Farmers also ranks well in terms of the soundness of its business. A.M. Best gives it a financial strength rating of A (Excellent).[3]
Who is Farmers best for?
Farmers is best for veterans who need to insure one or more rental properties in addition to their residential home.
What are Farmers’ eligibility requirements?
Farmers serves customers regardless of military affiliation, so any homeowner is eligible to apply for a policy.
What’s the average cost of a Farmers homeowners policy?
$2,758 annually
What veteran-specific discounts does Farmers offer?
Farmers says members of the military may qualify for homeowners insurance discounts based on profession.
Liberty Mutual
Liberty Mutual scored 805 out of a possible 1,000 points in the J.D. 2022 U.S. Home Insurance Study for overall customer satisfaction and 876 out of 1,000 in the 2022 Property Claims Satisfaction Study for overall customer satisfaction.[4] [5]
A.M. Best rates it an A (Excellent) for financial strength, indicating the company has an excellent ability to meet its ongoing insurance obligations.[6]
Who is Liberty Mutual best for?
Liberty Mutual is best for veterans who also need auto insurance and are comfortable purchasing their policies online. You can save 12% by purchasing your car insurance online and receive additional savings by bundling policies.
What are Liberty Mutual’s eligibility requirements?
Liberty Mutual has no special eligibility requirements. You don’t need military affiliation to purchase insurance.
What’s the average cost of a Liberty Mutual homeowners policy?
$1,932 annually
What veteran-specific discounts does Liberty Mutual offer?
Liberty Mutual doesn’t provide veteran-specific discounts. However, it does offer standard discounts, plus discounts for insuring a new or newly renovated home or a home with a new roof.
GEICO
A.M. Best gives GEICO an A++ (Superior) rating for financial strength based on its balance sheet and operating performance, so you can feel confident that the company has the resources to pay out your claims.[7]
Who is GEICO best for?
GEICO is best for veterans who want 24/7 customer service.
What are GEICO’s eligibility requirements?
Anyone can apply for homeowners insurance through GEICO. There’s no requirement for affiliation with the military.
What veteran-specific discounts does GEICO offer?
Although GEICO doesn’t offer veteran-specific discounts, it does offer bundling discounts and may discount rates for homeowners with home-security systems or home-safety equipment.
Kemper
Kemper has an A- (Excellent) rating for financial strength, demonstrating its ability to meet its ongoing insurance obligations.[8]
Who is Kemper best for?
Kemper is best for veterans who need a range of insurance products. In addition to property and auto, Kemper offers business and life insurance.
What are Kemper’s eligibility requirements?
Anyone can insure their home through Kemper. Military service is not required to purchase a policy.
What’s the average cost of a Kemper homeowners policy?
$1,788 annually
What veteran-specific discounts does Kemper offer?
Kemper offers a military discount for active and retired members of the military, as well as junior and senior military academy cadets.
Methodology
Insurify’s team of data scientists analyze millions of home insurance quotes, and weigh publicly available reviews, claims payout rates, complaint indexes, financial strength scores, company reputations, and proprietary quoting data. Our editorial team applies this insight to inform our unbiased reviews and recommendations.
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