Military Insurance Review
PenFed Insurance Review for Veterans (2026)
PenFed Credit Union members (open to all with qualifying association membership)
Solid option if you use PenFed banking - membership opens the door to competitive bundled rates.
Key Facts
| Deployment Discount | No |
| OCONUS / Overseas Coverage | No |
| Products Offered | Auto, Home, Renters, Life |
| BBB Rating | A |
| JD Power Claims Score | 841/1000 |
| Avg. Annual Auto Premium | ~$1,150 |
PenFed Pros & Cons
Pros
- Open to any veteran through association membership
- Good bundling discounts with PenFed financial products
- Straightforward online application
Cons
- Fewer military-specific features than USAA or GEICO Military
- Claims ratings lower than top competitors
- Requires PenFed membership
Frequently Asked Questions
PenFed Credit Union members (open to all with qualifying association membership). This insurer is available to the general public with military-specific discounts.
PenFed does not currently offer a dedicated deployment discount. Contact them directly for options during deployment.
PenFed offers Auto, Home, Renters, Life insurance products.
PenFed holds an AM Best rating of A. AM Best ratings measure financial strength and ability to pay claims.
PenFed does not offer OCONUS or overseas coverage. If stationed overseas, consider USAA or Armed Forces Insurance which both offer international coverage.
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