As of 2015, USAA offers various types of personal insurance products, including auto insurance, homeowners insurance, renters insurance, life insurance and health insurance. The company's insurance offerings also include insurance on valuable personal property, such as jewelry, that can be added to an existing home coverage plan. Additionally, the USAA also provides insurance coverage for non-auto vehicles, including boats, aircrafts and motorcycles, and it can also provide both business and travel insurance for its customers.
In addition to its insurance products, the USAA also offers a range of financial products, including banking services, investment consultation service and retirement consultation. The organization's banking products include traditional offerings, such as checking accounts and home loans at competitive rates. USAA customers can also receive consultation to help build or manage their personal investment portfolios. A similar service is also available to help USAA customers build retirement plans through savings plans and 401(k) contribution schemes.
The USAA was founded in 1922 and is headquartered in San Antonio, Texas. The company operates through 19 financial centers and reportedly employed over 26,000 people in 2014. The USAA was established by U.S. Army Officers to create an insurance program for each other, as they had been unable to secure auto insurance.