USAA Renters Insurance Review 2021

In 1922, United Services Automobile Services (USAA) was born when 25 members of the U.S. Army formed a small organization to insure each other’s automobiles. What began as a well-orchestrated effort to help fellow Army members later became a booming organization serving all branches of military service.

J.D. Power Rating
AM Best Rating
Standard & Poor’s
3.8 / 5.0
SimpleScore USAA 3.8
Discounts 2
Coverage Options 5
Customer Satisfaction 5
Support 3
Accessibility 4

To illustrate its rich history, USAA includes a timeline on its website to show current and future customers where it came from to get where it is now. USAA is now one of the only fully integrated financial services organizations in the United States and it has a net worth of over $31 billion. The company serves the insurance needs, including renters insurance, of over 12 million military service members. It goes without saying that it ranked in the top 10 of our review of the best renters insurance companies of 2020.

Aside from USAA’s deep American roots, it’s also known for excellent customer service and has a reputation for providing sophisticated technology along with the flexible renters insurance options.

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    America’s top-rated renters insurance

    • Policies starting at just $5/month
    • Sign up in seconds, claims paid in minutes
    • Zero hassle, zero paperwork
    In this article

      The specs

      PriceStarting at $12 per month
      Best forMilitary members who are renting
      Not forNon-military or military homeowners
      States served50
      DiscountsRenters and auto bundle discount
      Monitored security alarm discount
      AM Best RatingA++
      Standout FeaturesLong-standing company reputation
      Excellent customer service
      Replacement cost coverage
      Affordable rates
      Innovative technology

      The claim

      USAA offers affordable renters insurance to the U.S. military and their families with more features than many other insurance companies. With one of their renters insurance policies, USAA promises your belongings will be taken care of in the event of damage, theft or destruction.

      Is it true?

      Our research shows that USAA’s claims are true. USAA offers renters insurance to active duty military, veterans and the families of both. Unlike many competitors, things like flood and earthquake coverage are standard parts of the USAA renters insurance policies.

      Because it understands the mobile lives of active-duty military, USAA ensures that all your personal belongings will be covered, no matter where they are located. In addition to the excellent coverages, USAA ranked five out of five in overall satisfaction, policy offerings, price, billing process and policy information and interaction in J.D. Power’s 2019 Renters Insurance Study.

      Find the Best Renters Insurance

      Save money on renters insurance with our simple comparison tool.

      Matching you with providers.
      We found results in
      Click at least 2-3 companies to find the very best rate.

        America’s top-rated renters insurance

        • Policies starting at just $5/month
        • Sign up in seconds, claims paid in minutes
        • Zero hassle, zero paperwork

        Our deep dive

        • Replacement cost coverage: Many insurance companies offer actual cash value policies in addition to replacement cost policies. USAA differs in that it only offers replacement cost renters insurance policies. No matter how old your belongings are, the policy will cover you for what it costs to replace the item with a new one.
        • Liability coverage: If someone or their property is damaged while on your property and you are liable, your USAA renters insurance policy promises liability coverage to cover those costs.
        • Active-duty, veteran and family coverage: If you are active-duty military, a veteran or a family member of either, you are eligible for USAA insurance. However, if you do not fit into one of those categories, you will not be able to get insurance from USAA.
        • Discounts: Though USAA’s discounts may seem limited, remember that they are highly competitive with its affordable rates. Consider bundling your renters and auto insurance and installing a monitored security system to save on a discounted premium.
        • Quick turnaround: USAA has claims centers that are open 24/7, which means you will never be delayed in filing a claim.
        • Mobile app: USAA offers a mobile app that gives 24/7 access to your insurance documents, claim filing and claim tracking. The app is now also accessible for those with visual impairment through voice-guided technology.
        • Military uniform and equipment replacement: True to its roots, USAA offers special coverage for military uniforms and equipment as outlined below and on the website:
          • Repairs or replaces military uniforms and issued military equipment at full cost with no depreciation.
          • There is no deductible for covered losses sustained while on active or active reserve duty.
          • Includes coverage up to $10,000 for damage caused by war.

        Cost rundown

        While USAA’s renters insurance rates start at $12 per month, there are a variety of factors involved in determining what your rate will be. USAA underwriters will look at things like geographical location, the proximity of the rental unit to fire hydrants and first-responder stations, age of the property and potentially even your credit score.

        Your premium cost may increase if you need to add any special endorsements. However, things like flood and earthquake coverage are built-in as a part of USAA’s standard renters insurance policy.

        Cheaper (or free!) alternatives

        Here are some ways to make USAA renters insurance even more affordable:

        • Consider bundling your renters and auto insurance to save money on your annual premium.
        • Install a monitored security system to save money on your annual premium.
        • While it is important to have adequate coverage, don’t overdo your personal property coverage. Make an inventory of all personal property before seeking quotes.
        • Monitor your credit score and make changes necessary to improve your score.

        Find the Best Renters Insurance

        Save money on renters insurance with our simple comparison tool.

        Matching you with providers.
        We found results in
        Click at least 2-3 companies to find the very best rate.

          America’s top-rated renters insurance

          • Policies starting at just $5/month
          • Sign up in seconds, claims paid in minutes
          • Zero hassle, zero paperwork

          The competition

          • Allstate: Allstate offers renters insurance coverage that is comparable to that of USAA, but with the added bonus of several discount options like a multi-policy discount, safe home discount, easy pay plan discount, 55 and retired discount and claim-free discounts. However, Allstate got below-average rankings nearly across the board in the J.D. Power’s 2019 Renters Insurance Study, which assessed customer satisfaction in a variety of categories.
          • Erie Insurance: Erie Insurance, like some of its competitors, has been around for more than 90 years. Its local agents are known for providing personalized customer service. Erie’s renters insurance policy offerings are comparable to that of its competitors, and Erie received average to among-the-best ratings in all categories of the J.D. Power 2019 Renters Insurance Study.
          • Nationwide: Nationwide Insurance is a nationally recognized name in the insurance industry, making it a competitor of USAA for renters insurance policies. It offers a variety of options on renters insurance policies, and things like theft extension for your belongings in any motor vehicle, trailer or watercraft. Nationwide also offers several discount options to lower your annual premium. However, on the J.D. Power survey, Nationwide scored below average across the board in all categories assessed.
          • State Farm: On J.D. Power’s 2019 Renters Insurance Study, State Farm gets five out of five ratings in every category except claims. In that category, State Farm ranks two out of five, which represents below-average customer feedback on their claims process. While State Farm is inferiorly ranked in claims, we consider State Farm a competitor of USAA due to its long-standing history, reputation for good service and comparable renters policy options.

          What others are saying

          For the 2010-2018 time period, USAA received the highest scores in Satmetrix Net Promoter Benchmark Study. Between 2016 and 2019, USAA earned a ranking in the World’s Most Ethical Companies. These accomplishments are representative of USAA’s service excellence. Its No. 100 Fortune 500 rating in 2018 is indicative of superior financial strength.

          In 2019, USAA was awarded the 2019 Gallup Great Workplace Award and FORTUNE’s Best Workplaces in Finance and Insurance Award. USAA also received a 100 percent rating on the Human Rights Campaign Foundation’s Corporate Equality Index. While these awards may not be directly related to USAA’s renters insurance policies, they are representative of the type of company USAA is and the morals it is founded on.



          The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
          For every review, our editorial team:

          • Identifies five measurable aspects to compare across each brand
          • Determines the rating criteria for each aspect score
          • Averages the five aspect scores to produce a single SimpleScore™

          Here’s a breakdown of the five aspect scores and their rating criteria for our renters insurance reviews.

          Why do some brands have different SimpleScores on different pages?

          To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

          However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.


          We awarded higher scores to insurance providers with more discounts available on their website.

          Coverage Options

          We gave providers with more renter insurance coverage options a higher score because they’re more likely to have a policy that best meets your needs.


          We awarded higher scores to renters insurance providers with the most channels for customer support.

          Customer Satisfaction

          We leveraged the J.D. Power Home Insurance Satisfaction Study℠ to see how customers rated their experience with each insurance provider. (If a provider wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)


          We awarded higher scores to insurance providers that have more online and mobile features to easily manage your policy and claims.