How USAA Got Its Name, Are They Made for You?
USAA has been a reliable source of insurance for military members and their families for 100 years. Are they the right choice for you and your family?
Written by Hannah DeWitt
Reviewed by Kathleen Flear
When it comes to insurance, it's essential to find a company that suits your specific needs. For example, shopping around for
car insurance quotes
will allow you to save more money than you think. Whether active duty or retired, USAA
is an excellent choice for insurance for those involved in military service. This fact is backed up with their now-famous slogan, which goes, "We're made for you." Keep reading to learn more about where this company came from, how it got its name, and whether it really is made for you.
What does USAA stand for?
In 1922, 25 army officers came together with a plan to help insure each other's vehicles in an attempt to save money. The idea worked so well and became so popular that it spread to other armed services members. Major Walter Moore bought into the fledgling company's insurance, becoming their first member.
The name USAA was born because the company catered explicitly to members of the United States Army at its inception. One year after the company's founding, they expanded their insurance services to include members of the Navy and the Marine Corps. USAA stands for United Services Automobile Association.
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USAA is backed by a history of service
The history of the
USAA
stretches back almost 100 years. In the 1930s, the Great Depression had a massive impact on the American economy that put many companies in jeopardy. However, USAA not only continued to flourish, but their membership actually doubled. They even expanded their membership to include Foreign Service officers, State Department officials, and their families.Throughout the years, the USAA has only continued to grow. They have provided quality insurance for service members and their families through World War II, the Vietnam War, the Gulf War, and the War on Terror. USAA has also provided numerous discounts, with the opportunity to save significant amounts of money on your auto insurance with them.
Additionally, USAA has come to act as a pillar of various communities. They offer services ranging from education help, support for veterans and their families, advances in diversity, and empowering their employees to give back through volunteer efforts. USAA has even become the official Military Appreciation Sponsor of the National Football League, as well as the presenting sponsor of the annual Army-Navy Football game.
There's more than just insurance available from USAA
USAA offers many benefits for its members beyond just insurance. The variety of banking products they carry includes checking accounts with no monthly fees and home and auto loans. And their auto loan program is designed with enough flexibility to help you reduce your payments for up to 84 months.
In addition, USAA provides investment products for its members. With the help of strategic providers and professional advice, USAA's investment products can help you grow your wealth and savings for the future.
Is USAA 'made for you'?
USAA is a company that prides itself on its excellent service and products. However, these services and products are only available to individuals associated with the American military and their families. If you aren't affiliated with the armed forces, you won't have access to USAA and will need to find another option for insuring your car.
Fortunately,
Jerry
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