USAA said Monday it is expanding a national effort to help military families manage rising household costs, with actions expected to return nearly $1 billion in combined savings and payments to eligible members in Florida.
The San Antonio-based financial services company said the effort includes targeted auto insurance rate reductions, member dividends, safe-driving discounts and banking benefits. USAA said about half of its policyholders nationwide are expected to see reductions in their six-month auto premiums in 2026.
In Florida, the company said it will provide nearly $1 billion in targeted rate reductions and direct returns between December 2025 and July 2026. That includes $160 million in insurance dividends issued in December, $250 million in savings tied to an average 14% reduction in auto rates, and a $500 million dividend announced Monday.
The $500 million dividend will go to about 830,000 members who held USAA auto policies between 2023 and 2025. Beginning June 15, eligible current Florida auto policyholders are expected to receive an average payment of about $760, with more than a quarter receiving more than $1,000.
“As the cost of living rises, we are focused on putting real money back into our members’ pockets in multiple ways,” said Juan C. Andrade, President and CEO of USAA. “From rate reductions to rewards programs and direct returns, our goal is to deliver meaningful, immediate relief while preserving the financial strength our members depend on.”
USAA said improved insurance market conditions and Florida’s civil litigation and tort reforms helped reduce legal costs and allowed the company to return savings to members.