We just canceled our car insurance with usaa due to way to high premiums.
when i spoke to the represantative , i was told that , since we have no more insurances with usaa we would get a check for the balance that we have in our suscribers savings account ! sounds good to me ! is that true ?
The money in the account looks good but really what good is the money in an account -my account is fitty + years with money in said account.. You can only get the money when the master member dies, then it goes to one's estate. Personally my estate dosen't need the money and my spouse and children will be ok-Because i bought insurance! The auto and property insurance is getting very pricey, especially for retirees in Florida. My children up north do not buy USAA auto or property insurance because they tell me they get much better rates from other rated AA companies. Should I cash out and go?
I got out a few years ago when I was a P&C Insurance agent. I was required to buy from the company I sold for. At the time I left, my company beat the socks off of USAA. When I came back, I got really good rates (I think to intice me back) but now they are trending back up again. I have thought several times about changing companies again but I haven't.
When I got out, I did get a very large payment from my Subscribers Savings Account. Once you've been out, it takes a while to build it back up again.