Costco Car Insurance Review 2024

Costco Car Insurance Review

Costco Car Insurance Review Costco members have the option to buy car insurance from Connect by American Family and receive a discount as a member. Connect offers a wide range of car insurance discounts, although there is a slightly higher than average number of consumer complaints. If you prioritize extensive coverage over discounts for low-mileage driving, Costco car insurance could be a suitable choice for Costco members. It’s important to explore car insurance quotes from various insurers before finalizing your decision, as your Costco membership may not guarantee the most competitive auto insurance rates.

Costco Car Insurance Review 2024

When it comes to car insurance, Costco offers a comprehensive and competitive option for their members. In this review, we will take a closer look at the features and benefits of Costco Car Insurance in 2024. Costco’s car insurance policies are underwritten by reputable insurance companies, ensuring that members receive reliable coverage. With affordable rates and various discounts available, Costco Car Insurance is designed to help members save money while still providing them with the protection they need on the road. Additionally, Costco’s excellent customer service and easy claims process make it a convenient choice for car insurance. Overall, Costco Car Insurance continues to be a trusted option for Costco members in 2024.

Overall Rating

Reviews Category Rating Score
Cost 4.7
Coverage 3.8
Reliability 4.0
Service 4.7
Overall Rating 4.3

Costco Car Insurance Pros & Cons

Costco car insurance has received positive reviews in 2024, with many customers praising its affordability and excellent customer service. One of the main pros of Costco car insurance is its competitive pricing, as it offers members discounted rates on auto insurance policies. Additionally, Costco’s partnership with reputable insurance providers ensures that customers receive high-quality coverage and reliable claims handling. Another advantage of Costco car insurance is the added benefits offered to members, such as emergency roadside assistance and rental car reimbursement. Overall, if you’re a Costco member looking for affordable and reliable car insurance, Costco car insurance may be worth considering.

Pros

  • Exclusive discount for Costco members.
  • Offers accident forgiveness and new car replacement.
  • Many additional discounts are available for extra savings.

Cons

  • No usage-based car insurance or pay-per-mile car insurance options.
  • No rideshare insurance for Uber and Lyft drivers.
  • Costco is not currently offering car insurance policies in California or Florida.

About Costco Car Insurance

Costco car insurance is available through Connect from American Family, offering exclusive discounts to Costco members. However, non-members can also purchase a policy from Connect. The insurance provides standard coverage options and additional endorsements.

What States Does Costco Car Insurance Operate In?

Costco car insurance is available in all states, including Washington, D.C., but certain coverage and discounts may vary by state. However, if you live in California or Florida, you should note that Costco is not currently offering new car insurance policies in these states. Despite this limitation, Costco’s car insurance policies are known for their competitive rates and excellent customer service. Moreover, members can take advantage of additional benefits such as roadside assistance and rental car coverage. Before purchasing a policy from Costco, it is recommended to compare prices and coverage options from other insurers to ensure you are getting the best deal possible.

Is Costco Car Insurance Good?

Costco is known for providing its customers with quality products and services, and their car insurance program is no exception. The program is offered through Ameriprise, which has received high ratings for customer satisfaction and financial stability. Costco members can take advantage of discounted rates and additional perks such as roadside assistance and lifetime renewability. However, it’s important to compare quotes from multiple insurance providers to ensure you’re getting the best coverage and price for your specific needs. Costco car insurance stands out because of its affordable plans and wide selection of coverage options. There’s a lot to like about Costco auto insurance, from cheap rates to an impressive set of coverage. Costco’s auto insurance provider American Family Insurance is also highly rated in industry studies for its size.

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Auto Insurance Complaints Against Connect

Connect has a relatively high number of auto insurance complaints reported to state insurance departments nationwide. The number of Connect complaints is slightly higher than that of many competitors and also exceeds the industry average. The most frequent auto insurance complaints against Connect are concerning claim delays, inadequate claim settlement offers, and claim denials.

Connect’s Grade From Collision Repair Professionals: C+

According to a survey conducted by CRASH Network, the parent company of Connect, American Family received a C+ grade from collision repair professionals. The insights of auto body repair experts are important as they have firsthand knowledge of insurance companies’ utilization of low-quality repair parts, the promotion of appropriate repair methods by insurers, and the efficiency of car insurance companies’ claims processes for clients.

What Additional Coverage Does Connect Offer?

Connect offers a range of additional coverage options to meet the specific needs of its customers. These options include coverage for rental cars, travel accidents, and emergency medical expenses while traveling. Additionally, Connect also provides coverage for trip interruption or cancellation due to unforeseen circumstances such as illness or severe weather conditions. With these added benefits, Connect ensures that its customers are protected from unexpected events that may disrupt their travel plans.

Does Costco Car Insurance Offer Accident Forgiveness?

Costco members have the option to obtain accident forgiveness car insurance through Connect. This feature allows for the waiver of the first at-fault accident, ensuring that the premium stays the same. However, eligibility for accident forgiveness is contingent upon maintaining a clean driving record and claim history for a specific duration.

Does Costco Offer New Car Replacement Insurance?

Costco offers new car replacement insurance as an add-on feature, allowing you to replace your totaled car with the same make and model. The insurance company provides up to 110% of the new replacement vehicle’s MSRP. This coverage applies within the first year of ownership or the first 15,000 miles, whichever comes first.

Does Costco Offer Gap Insurance?

Connect by American Family offers gap insurance for drivers who lease or finance their vehicle. In the event of a total loss, the coverage will bridge the gap between the car’s value before the accident and the remaining loan balance. Additionally, Connect’s gap insurance provides coverage up to 120% of the vehicle’s value, while Costco’s policies include new car replacement coverage for the first year and extended coverage for the following two years.

Does Costco Offer a Diminishing Deductible?

Costco car insurance does not offer a diminishing deductible, which is a benefit provided by some insurance companies. This benefit reduces your collision or comprehensive insurance deductible as long as you have a clean claims history. Certain insurance companies may even decrease your deductible to $0 if you go without making a claim for a specific period of time.

Does Costco Offer SR-22s?

Connect typically does not provide SR-22 insurance, but in certain states, it is obligated to issue an SR-22 for eligible drivers seeking auto insurance. An SR-22 is a mandated document confirming the possession of the necessary car insurance as determined by the court. It is usually mandated for high-risk drivers with a history of license suspension or serious violations such as DUI offenses.

Does Costco Offer Usage-Based Car Insurance?

Costco Insurance does not provide usage-based insurance, but numerous other insurance companies do offer usage-based policies that provide lower premiums to extremely safe drivers. These policies monitor your driving habits, such as braking force and speed, during trips and offer discounts on premiums based on your driving behavior.

Does Costco Offer Pay-Per-Mile Car Insurance?

Costco members are not provided with pay-per-mile insurance by Connect. This type of insurance can benefit drivers who don’t drive many miles and wish to reduce their car insurance costs. Pay-per-mile car insurance involves the insurance company offering a mobile app or a device for installation in the vehicle. This device or app monitors the mileage, and the insurance cost is determined by the distance driven during the payment period.

Does Costco Offer Rideshare Insurance?

As a rideshare driver for companies such as Uber or Lyft, you cannot buy rideshare insurance from Costco. While Connect doesn’t offer rideshare insurance, numerous other auto insurance providers do.

Costco’s Auto Insurance Discounts

Connect by American Family offers a wide range of auto insurance discounts for both Costco members and non-members. Some of the ways that you can potentially save money on your auto insurance premiums include safe driving discounts, multi-policy discounts, and good student discounts. Additionally, customers who enroll in paperless billing or pay their premiums in full may also be eligible for additional savings. By taking advantage of these discounts, you can ensure that you are getting the best possible value for your auto insurance coverage.

Costco member: Costco members get a discount on their car insurance policies. When you purchase insurance through Costco, you’ll be asked to provide your Costco membership number and the discount is automatically applied.

Defensive driver course: If you complete a DMV-approved defensive driver course, you may be able to get a discount on your Costco car insurance policy. This course must be continuing education—basic driver’s ed classes for new drivers do not count toward this discount.

Garaging: In some areas, you can qualify for a discount if you keep your car in a garage overnight.

Good driver: If you have a clean driving record and avoid claims, you might qualify for the good driver discount, which Connect only offers to drivers in California.

Good student: If you insure a full-time student on your car insurance policy, and they get good grades in school or maintain a minimum GPA, you might be able to save money on Costco car insurance

Multi-vehicle: Drivers who insure multiple vehicles on a Costco car insurance policy are eligible for a lower premium.

Policy bundling: Connect will provide a discount if you bundle two or more insurance policies. a bundling discount for buying auto/umbrella insurance or auto/home/umbrella insurance.

Premier safety: The premier safety discount is similar to the good driver discount but is available in all states where Connect coverage is sold. This discount is reserved for drivers with no traffic violations, accidents or claims within the last four years.

Safety features: If your vehicle is equipped with certain safety features, like automatic seat belts, an anti-theft device or anti-lock brakes, Connect will lower your insurance premium.

Student away at school: If a young driver on your policy attends school at least 100 miles away from home and does not have a vehicle with them, you can qualify for a discount on your car insurance.

Tenure: After you have been continuously insured by Connect for a certain amount of time, you are eligible for a lower car insurance premium.

More Costco Executive Member Car Insurance Benefits

Costco Executive Members enjoy a host of additional services that vary based on the state they reside in. Some of these services include discounts on travel, insurance, and mortgage and real estate services. Additionally, Executive Members have access to exclusive events and early shopping hours at select locations. While the availability of these services may depend on your state, becoming an Executive Member can provide significant value and savings for frequent Costco shoppers.

Lifetime renewability: If you do not have major moving violations, there is no major change in the condition of your vehicle and you pay your bill on time, you can get lifetime renewability for your auto insurance policy.

Roadside assistance: If you get a flat tire, run out of gas or need your battery charged, this pays for up to $75 for services to help get you back on the road.

More Insurance from Costco

While Connect Insurance is primarily known for offering insurance policies to Costco members, it also provides additional types of insurance to the general public. These policies include homeowner’s insurance, auto insurance, and life insurance, among others. Unlike its Costco member-exclusive policies, anyone can purchase these policies directly from Connect Insurance. By offering a range of insurance options catering to different needs, Connect Insurance aims to be a one-stop-shop for all your insurance needs.

  • ATV insurance
  • Boat insurance
  • Business insurance
  • Condo insurance
  • Home insurance
  • Motorcycle insurance
  • Renters insurance
  • Umbrella insurance

Faqs

What insurance company does Costco use?

Costco uses American Family Insurance, a company with mixed customer reviews, for its car insurance policies.

What are the ratings on Costco auto insurance?

Our reviews team gives Costco auto insurance 4.3 out of 5.0 stars for its affordable rates and coverage options.

Is Connect part of American Family Insurance?

“CONNECT, powered by American Family Insurance,” is the official name of the provider for Costco car insurance policies. The group is entirely owned by American Family Insurance.

Does Costco have cheap car insurance?

Costco car insurance generally comes at below-average rates.

What insurance does Costco use?

Costco insurance: Ratings and reviews While Costco does not technically sell car insurance, the store offers its members discounts on homeowners, auto, and umbrella insurance policies through CONNECT, powered by American Family Insurance.

Is Costco car insurance available in California?

Costco Insurance Agency offers many types of coverage, including life, auto, home and even pet insurance. (The agency is not offering new auto or home policies in California or Florida anymore, though.)

Who writes insurance for Costco?

More Insurance Options for Costco Members from CONNECT, powered by American Family Insurance.

Who benefits from Costco?

Every Costco member has access to benefits like discounted contact lenses, travel packages and more, with greater savings on Costco services and select travel packages available to Executive members.

Summary

Our reviews team gives Costco auto insurance 4.3 out of 5.0 stars for its cheap insurance rates overall and good customer service record. While Costco does not offer car insurance directly, it provides a healthy amount of options to choose from through the partner American Family Insurance. Costco also offers rental car insurance through its Citi credit card which has a wide array of coverage but does not cover injuries in rentals. Though Costco auto insurance can be a great option, we urge you to look around and compare your options to get the best deal for you.

After examining the features and benefits of Costco Car Insurance, it is clear that this insurance provider offers a comprehensive and reliable option for car owners. With competitive rates, excellent customer service, and a range of coverage options, Costco Car Insurance is worth considering for your car insurance needs. If you’re interested in learning more about their policies or getting a quote, be sure to visit their website or contact their customer service team. By choosing Costco Car Insurance, you can have peace of mind knowing that your vehicle is protected by a trusted and reputable provider.

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