Headquarters: 9800 Fredericksburg Road, San Antonio, TX, 78288
www.usaa.com
2009 Net worth: $17 billion
Key officers: Josue Robles, Jr., President, Chief Executive Officer; Kristi A. Matus Executive Vice President, Chief Financial Officer
The USAA provides a variety of financial services to its members including insurance, banking, investment services, and financial planning advice to active members of the U.S. Armed Forces, military veterans, military families, and others who meet the membership criteria. The organization offers several types of discounted insurance coverage to its members that include, but are not limited to, automobile, life, health, and home insurance. In 2009, the USAA was the 8th largest auto insurer.
Some quick facts about USAA Auto Insurance:
A group of 25 Army officers created the company in 1922 when they got together and decided to insure each other’s automobiles. This meeting launched the evolution of the organization into what is today a multi-national organization that serves a total membership of 7.4 million individuals.
Based on surveys of new customers between 2008-2009, USAA members who purchased auto insurance saved $461 a year on average. Those who are covered by its auto insurance and own their own car also benefit from guaranteed car repairs at any USAA-approved location.
Other auto-related advantages of belonging to USAA include a car buying service that allows members to receive lower prices on new cars and view safety and performance information. It also offers an auto loan service.
Source: Usaa.com, Hoovers.com
Compiled by Life Quotes, Inc. staff
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