Car Insurance Discounts For Disabled Veterans

Military Members Deserve Recognition and Savings

Military service members make tremendous sacrifices to ensure the safety and security of our nation. Being disabled during or after their service is just one of the many hardships they endure. As a token of appreciation for their service, many car insurance companies offer discounts to disabled veterans.

These discounts are usually based on the disability rating assigned by the Department of Veterans Affairs. If the rating is high enough, veterans may qualify for significant savings. Before applying for these discounts, it is important for veterans to understand their options, as well as the requirements for qualifying.

Qualifying For Car Insurance Discounts

Car insurance companies typically require veterans to have a disability rating of at least 10%. This rating is assigned by the Department of Veterans Affairs and is based on the severity of the disability. Generally, the higher the rating, the more savings veterans can expect.

In some cases, veterans may qualify for additional discounts based on their specific disability. For example, those with disabilities that prevent them from driving may qualify for additional discounts on their car insurance.

Types Of Discounts Available

The type of discount available to disabled veterans depends on the insurance company. However, there are several common discounts that many insurers offer. These include discounts for vehicle storage, home modifications, medical expenses, and medical equipment.

In addition to these discounts, some insurers offer additional discounts for veterans who serve in specific branches of the military. For example, some insurers offer discounts for veterans who served in the Navy, Army, Air Force, or Marines.

Applying For Discounts

Once veterans determine their eligibility for car insurance discounts, they must apply for the discounts. To apply, veterans must provide their disability rating from the Department of Veterans Affairs and any other documentation that is required by the insurance company.

In addition to the documentation, veterans must also complete an application form. This form will typically ask for information such as the veteran’s name, address, and military service dates. After the application is completed, veterans must submit it to the insurance company for review.

Conclusion

Disabled veterans deserve recognition and savings for their service. Fortunately, many car insurance companies offer discounts to disabled veterans. These discounts are typically based on the disability rating assigned by the Department of Veterans Affairs.

To qualify for these discounts, veterans must provide their disability rating and other required documentation. After the application is submitted, veterans can expect to receive their discounts within a few weeks. With these discounts, disabled veterans can enjoy significant savings on their car insurance.