USAA dividend posted this morning!

[bdcp]

Yes all of this does make sense. We have been married 22 years and my husband had USAA before we got married so we have had our police a long time too. Plus we have the jewelry rider on ours too. So I guess it adds up when you have a lot insured like you and I do.

Plus, when you get your letter from USAA showing your balance, it explains what it is and that it is calculated. It's not hidden and it's not rocket science. I'm guessing people just throw out correspondence from them.

 

[ClarabelleCowFan]

Thanks for the reminder, OP! $153 here.

 

[si-am]

I still haven't seen a credit on my account. Maybe a check is in the mail?

 

[here757]

aggg!! nothing posted to our accoun yet. but i did notice my homeowners policy went up an additional 200 a year!

eta.. found it.. 32 bucks.
still a 200 increase!

 

[here757]

i used to work for USAA.
the subscribers account works like this..
a portion of your premiums are set aside each month. the more you pay in premiums the bigger your part..). ie someone with 3 homes. 2 cars and a life insurance policy pays more then a person with just auto. so their ssa is bigger) its put into a pool called the subscribers savings account. its not a bank account. no withdrawls or extra payments can be put in.
that money is like a reserve. if the company has a bad year they will use that money to pay claims before they go bankrupt. this would( in therory) prevent rates from skyrocketing in the even of a castrophic event.
usaa is a very stong company. even with hurricane katrina they did not go into the moneys. each year the board of directors votes to determine how much if any of the SSA account moneys will be paid. some years are better then others.
herws the kicker.. if you cancel all of your policies... 6 months from the date of the last policy cancel. they will refund the money to you.
***not everyone gets the SSA account. dependants with their own polices get dividends. which work completely different.

 

[si-am]

I don't think USAA is really a great value for insurance, but the good customer service makes up for it. It's nice to know they are there and will be helpful when you need them (I've used them for car insurance since I was 16 and they have always come through for me!)

Our car insurance never goes down, ever, but it doesn't increase either. Our home insurance went up a bit this year after we filled out a survey about our house and discovered we weren't really covered for the cost to rebuild.

 

[jackie101]

$165.

 

[woodkins]

$321 coming my way

 

[Pooh_Friend#1]

I got $38! That will pay for one Wii game!!!!

 

[lost*in*cyberspace]

Not anymore, USAA has opened banking to ALL interested parties.

True, but the military affiliated policies and services are not the same as those offered to civilians.

We have all our insurance through USAA and many years, our dividend has been over $1,000 (we have been insured through USAA for 30 years).

 

[Swimalie]

We just got our 25 year membership stickers from USAA Now I know to look for the check from them. Ours is usually around $80 a year with a house and 2 cars (2 adult drivers).

 

[bdcp]

True, but the military affiliated policies and services are not the same as those offered to civilians.

We have all our insurance through USAA and many years, our dividend has been over $1,000 (we have been insured through USAA for 30 years).

I have never heard of anyone getting $1,000 and I know a lot of people who have been insured as long as we have. We've been insured for 30 years also as I stated above and at one time we had 4 cars, our home (valued at over 600K), umbrella policy and riders and the most we've ever received is around $400. Our insurance rates are low because we have had small and very few claims over those 30 years, but I'm trying to figure out how anyone can get $1,000.

 

[Mickeyluver37]

We haven't seen a check in years....it's just been a credit to the insurance. We don't have one right now, so I wonder if a check is in the mail.

 

[Mickeyluver37]

I have never heard of anyone getting $1,000 and I know a lot of people who have been insured as long as we have. We've been insured for 30 years also as I stated above and at one time we had 4 cars, our home (valued at over 600K), umbrella policy and riders and the most we've ever received is around $400. Our insurance rates are low because we have had small and very few claims over those 30 years, but I'm trying to figure out how anyone can get $1,000.

When we first signed up and had only one car...newly married, our insurance was dirt cheap- around $50 a month. Those first couple of years, our dividend checks were around $200-$250. It was an outstanding rate of return! So percentage wise, I can see how someone could be seeing much larger checks. Again, haven't seen a return like that since around 2000, though.

 

[taramoz]

Yay, got $110 back this year, that is more then last year, I am happy!

 

[rparmfamily]

I must pay dirt cheap amounts for ins vs some of you guys...like I said, everything under the moon is insured thru them and has been for years. (back into the mid 90's)...car, house, personal property, renters on our 2nd home, computer policy, jewelry,etc. You name it. But I wouldn't consider my ins bills high each month...I pay $300 a month or so for all that.

 

[bdcp]

We haven't seen a check in years....it's just been a credit to the insurance. We don't have one right now, so I wonder if a check is in the mail.

Last year we selected to have it credited to our insurance and it just showed up that way this year.

 

[bdcp]

When we first signed up and had only one car...newly married, our insurance was dirt cheap- around $50 a month. Those first couple of years, our dividend checks were around $200-$250. It was an outstanding rate of return! So percentage wise, I can see how someone could be seeing much larger checks. Again, haven't seen a return like that since around 2000, though.

Ours was $364 this time, not anywhere near $1,000. Our checks have been as high as $400, back a few years ago also, but there have been years that it's been $80 in the last 10 years. I just know of no one that's ever gotten more than $400, ever. Back when we first signed up in 1981, I'd never even heard of the subscribers savings account. I'm not even sure they were paying out then, but I know for a fact we've been getting them for a lot of the 30 years, but never that much. And we've had all our insurance with them since March 1981 (owned homes 27 of those years also and always had two cars)

I've read that people with 40 years or more will get a 10% payout (called senior bonus) instead of the lower percentage given to everyone else, but the poster who said $1,000 hasn't had USAA for 40 years. So, I'm still not seeing how. It's so much more than anyone else is reporting also.

 

[jiminy14]

$340 this year. We have been with USAA for almost 27 years and this is the largest payout we have seen in quite a few years.

 

[Swimalie]

I must pay dirt cheap amounts for ins vs some of you guys...like I said, everything under the moon is insured thru them and has been for years. (back into the mid 90's)...car, house, personal property, renters on our 2nd home, computer policy, jewelry,etc. You name it. But I wouldn't consider my ins bills high each month...I pay $300 a month or so for all that.

Same here. Except renters on a 2nd home. We have home owners, 2 cars, riders on our computers and jewelry, term life insurance, credit cards. Our check is usually around $80-130. Never over $150 that I can remember and we've been married for 15 years and both been members for 25 years (me this past Sept, him this past Nov).