We’re excited to announce that GoVA was recently interviewed for and featured in a Yahoo!Finance article about military car insurance. This recognition highlights our commitment to providing valuable financial guidance to military families nationwide.
Key Insights from the Yahoo!Finance Feature
The article, titled “Military Car Insurance: Getting the Best Deal,” explores how service members can find optimal car insurance coverage beyond just searching for military discounts.
Lizann Lightfoot, GoVA’s Director of Marketing, shared expertise in the article, emphasizing the unique challenges military families face with frequent relocations: “Think ahead and realize that military families often move every two to three years, so… you may end up in multiple states, and you may end up living overseas.”
Learn more about military car insurance tips here.
Military-Specific Insurance Considerations
For Active Duty Service Members:
- Choose insurers that understand military lifestyles – national companies offering coverage across multiple states and overseas locations prevent the hassle of finding new insurance with each PCS
- Look for SCRA protections that prevent cancellation during deployment and allow coverage suspension for stored vehicles
- Seek out military storage policies that maintain comprehensive coverage while suspending collision and liability during deployments
- Find flexibility with state registration versus garage location coverage since military members often have vehicles registered in their home state but stationed elsewhere
“You want to know what your cost-saving options are without disrupting your coverage,” Lightfoot noted in the Yahoo!Finance article. “Those are questions that it’s best to ask in advance before you have those deployment orders or need to move your car overseas.”
Beyond Discounts: Finding True Value
While many insurers offer military discounts, these don’t always guarantee the lowest overall premium. To find the best value:
- Consider minimum coverage requirements which vary significantly between states
- Evaluate deductible amounts based on what you could realistically cover out-of-pocket
- Factor in vehicle choice – older cars and non-sports models typically have much cheaper premiums
- Explore additional discount opportunities beyond military status:
- Safe driver discounts for maintaining a clean record
- Good student discounts for young drivers in your family
- Bundling discounts for combining auto with renters or homeowners insurance
Explore military car insurance discounts here.
How The Edge Can Help You Navigate Insurance Decisions
At GoVA, we offer The Edge, our free financial education platform designed specifically for service members, veterans, and military spouses. Here’s how our mobile-friendly platform can help with your insurance decisions:
- Comprehensive Auto Insurance Resources: Our Topic Library includes over 100 different financial topics, with a dedicated section on auto insurance covering everything from policy types to military-specific considerations
- Interactive Tools and Calculators: Compare not just rates but coverage options across insurers, and budget for auto expenses based on your military status and location
- Personalized Action Plans: Receive customized guidance that accounts for your unique circumstances, including upcoming deployments or PCS moves
- Complementary Resources: Access information on auto loans and budgeting to ensure you’re prepared for all aspects of car ownership
In the article, Lightfoot highlighted the importance of considering bundling options for overall savings. “Military families typically should be paying for renters insurance if they’re living on base or renting off base or homeowners insurance if they own a property,” Comparing your overall insurance costs with one company compared to another gives you a better view or your total savings.
Taking Action for Military Car Insurance
The article emphasizes that car insurance isn’t a “one-and-done maneuver.” Your needs and available rates will change over time, making an annual coverage review essential—especially when facing a PCS move or deployment.
As a neutral, non-biased resource, The Edge ensures you know exactly what options you have and what questions to ask when shopping for coverage. We don’t sell insurance or receive commissions—our sole focus is providing military families with the knowledge they need to make informed financial decisions.
We’re proud to be recognized as a trusted voice for military financial education by Yahoo!Finance, and we remain dedicated to providing valuable guidance to the military community.
Sign up for The Edge today to access our free resources and take control of your financial future, including finding the best military car insurance for your unique situation.
