USAA Home Insurance provides homeowners coverage specifically designed for military members, veterans and their eligible families. The company offers protection for the home, personal belongings and personal liability, with coverage options designed to address the needs of its military-focused membership. USAA homeowners policies can include dwelling, personal property, liability and other standard homeowners protections, while additional coverage options may be available depending on the policy and location.
One of USAA's biggest advantages is its pricing. Forbes Advisor's current analysis estimates USAA's average homeowners insurance cost at $1,664 per year for $350,000 in dwelling coverage, making it the lowest average rate among the companies included in its comparison. The national average in that analysis is $2,720 for the same dwelling coverage amount. Actual premiums can differ considerably depending on location, home characteristics, deductible and selected coverage.
USAA also offers Home Protector extended replacement-cost coverage, which can extend dwelling coverage by 25% according to Insurance.com. This can provide additional protection when rebuilding costs exceed the standard dwelling limit. Other optional coverage can include water backup protection, personal injury coverage and valuable personal property insurance.
Another benefit is USAA's focus on military families. Forbes Advisor notes that USAA provides military-specific coverage, including deployment and mobilization protection for certain personal possessions and uniforms. Eligible members can also access discounts and may benefit from combining home and auto insurance.
However, USAA has an important eligibility restriction: its insurance products are primarily available to active-duty military members, veterans and eligible family members. This means it is not an option for the general public. Standard homeowners policies also generally exclude flood and earthquake damage, although separate coverage or endorsements may be available for certain risks.
