USAA to cut rates by 7%

USAA Announces Average 7% Auto Rate Reduction





San Antonio-based auto insurer USAA announced that it has "already reduced, or has plans to reduce, automobile insurance rates by an average of 7 percent in almost all states."



"As a result, USAA auto policyholders will save more than $900 million in annual premiums over the next five years," said the announcement. The company sells policies in 44 of the 50 states, has approximately 3.6 million auto policyholders in the U.S., and is ranked as the country's seventh-largest auto insurer.