USAA

9800 Fredericksburg Road San Antonio, Texas 78288
210- 498-2211
Parent company: 
United Services Automobile Association
Subsidiary companies: 
Garrison Property and Casualty Insurance Co.
Date founded: 
1922
A.M. Best Co. rating: 
A++ (as of December 2011)
Lines of insurance: 
Auto, Home, Life, and Long Term Care

Company overview:

In 1922, Maj. William Henry Garrison called together 24 of his fellow Army officers at the Gunter Hotel in San Antonio, Texas, to discuss the issue of automobile insurance. As a result of their recurring relocation, many officers’ policies generally were expensive and often cancelled without notice. The officers decided to form a mutual company to insure each other, calling the new venture the United States Army Automobile Association. Throughout the century, the number of wars and military buildups increased the number of eligible members.

In 2009, the company opened up its products and services to all ranks of active, retired or honorably separated members of the U.S. military. Adult children, widows, widowers and separated spouses of USAA members who had USAA policies also are eligible.

USAA offers its products to agents through mail, the Internet and the telephone.

The company has grown to be the country's fifth largest home insurer and sixth largest auto insurer. Its revenue in 2011 exceeded $19 billion.

States served: 
All 50 states
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