[matthewb0051]

USAA --- there is a direct correlation between rate increase and allowing basically everyone to join. What is so irritating/condescending is the one commercial about them being exclusive and now they have changed.

The reason USAA was founded was for military officers to have portable insurance back in the day when you had to get a new agent every time you changed duty station.

They opened up to everyone and changed the pool of insured. So when you have a 20 yo private that wants insurance but has a Camaro and a bunch of tickets his rates are going to be high but so will his number of claims. So that gets spread out to ALL of us.

But what I really don't get is the volume of advertisement as if people in the armed services don't know about them. Heck, there is even a section about USAA in the Army Officer's Guide, alerting officers of their existence.
Add in the Gronkowski spokesperson stuff and the company now sponsoring a lot of sporting events. They are spending money hand over fist. Also, the amount of real estate they have in San Antonio is staggering. I just noticed a high rise, prob 15 floors, in downtown SA yesterday. That's in addition to the HQ campus that is gigantic. Pretty sure though that you can't go into the actual bank lobby still.

One final thing: this past summer USAA had some sort of anniversary celebration on the main campus. They erected a stage and had John Maher as the headliner. But actual members weren't invited, just their folks. So an event that cost who knows how much that was kept on the down low and not open to members, nice.