Costco Car Insurance – Our ratings system takes into account a number of factors, including customer satisfaction, value, financial strength and value proposition. See the “Methods” section for details.
AM Best is an international credit rating agency that rates the financial strength of insurance companies on a scale from A++ (excellent) to D (poor).
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We combine internal and external data to calculate insurance companies’ premium costs in order from least expensive ($) to most expensive ($$$$$).
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Costco members can get cheaper-than-average auto insurance from CONNECT and can take advantage of CONNECT’s long list of discounts to significantly reduce rates.
Costco does not have its own auto insurance. But if you’re a Costco member, you can get cheaper auto insurance through a partnership with CONNECT (formerly Ameriprise).
Purchasing Costco auto insurance through CONNECT is worth considering, especially if you are a Costco Prime member. Executive members not only get cheaper insurance rates through Costco’s partnership with CONNECT, but they also get free roadside assistance with their auto insurance policies.
Costco auto insurance is an affiliate program, so you don’t buy your auto insurance at Costco, you buy it from an insurance company that contracts with Costco.
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Costco Premium and Gold Star members alike receive discounted pricing from Costco’s partner CONNECT. That said, you don’t just get coverage because you’re a Costco member.
When it comes to shopping for car insurance, there’s nothing better than Costco. You will pay your premiums and make any claims to CONNECT, not Costco.
There are many ways to get Costco auto insurance. You can contact a representative at the Costco store where you shop, or if you don’t want to purchase insurance in person, you can look up coverage online through the Costco website.
You’ll also need to know your Costco membership number. You need to get Costco discounts from CONNECT.
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When you receive a quote, you can select a plan start date and complete repayment with an initial payment.
When you shop for car insurance through Costco, you’ll be able to find all the types of car insurance you need, including:
When you buy car insurance through Costco, you get some additional benefits. Roadside assistance is free with Executive membership, but if you want to add more features, eg.
If you are a Costco Executive member, your auto insurance will automatically cover you even if you are involved in an accident or debt settlement. Maryland or Missouri don’t offer lifetime renewals, but you don’t have to break the law, so serious offenses like DUIs or hit-and-runs could put you at risk.
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Costco car insurance may be cheaper than average, but it depends on where you live (as well as your age, credit score, driving history, etc.). We found that the average car insurance cost for a Costco member in California is $114 per month, which is 31% cheaper than the average.
If you’re not already a member, consider the cost of a Costco membership when considering whether you can afford Costco auto insurance. Costco has two membership levels (Executive and Gold Star) that cost $5 or $10 per month and $60 to $120 per year.
You may qualify for significant discounts when purchasing auto insurance through Costco, which is another reason CONNECT is a great option for Costco members looking for lower rates. Costco auto insurance discounts include:
If you purchase your auto insurance through Costco, CONNECT (and possibly its parent company, American Family) will answer any questions you may have. CONNECT’s customer service is highly rated, but your experience may vary.
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CONNECT obtained data from JD Power California’s 2022 annual auto insurance study, which examines customer satisfaction with price, coverage, visibility, policy information and claims service by region. CONNECT was not tested nationally, but American households were tested (and performed well above average).
According to the National Association of Insurance Commissioners, CONNECT receives nearly as many complaints about its claims and fees as other companies in the industry.
If you decide to purchase Costco auto insurance, perhaps the financial stability of CONNECT and American Family will make you feel secure. It received an A (Stable) rating from A.M. very nice.
Costco’s auto insurance is a great option for store members. Because Costco partners with CONNECT (from American Family) to offer coverage to members, motorists get the lowest prices and the same customer service they usually get from AmFam.
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Yes, you can also get discounts on homeowners insurance from CONNECT through Costco, as well as other companies that offer pet, dental and group insurance.
Yes, since Costco partners with CONNECT to offer low-cost car insurance, it may be an affordable option depending on where you live. And, thanks to the partnership, the CONNECT plan is cheaper for Costco members than for the general public.
The cost of car insurance from Costco (and CONNECT from American Family) was evaluated using rates from a 30-year-old driver in Sacramento, California, with a good driving record. Our example script has the following limitations:
Our model car is a 2017 Toyota Camry LE with 10,000 miles per year. Other carriers may be represented by agents or agents. The price given is an example of money. Your exact words may vary.
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Andrew Hurst is a senior editor and auto insurance expert at . His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Journal, ValuePenguin and Property Casualty 360, among others.
Anna Swartz is a senior managing editor and auto insurance expert at , where she oversees our auto insurance coverage. Prior to that, he was a senior writer at Mic.com and a staff writer at The Dodo.
Britta M. Moss, CPCU, SCLA, AIC-M, has more than 25 years of experience in the insurance industry. As a property and personal injury lawyer, he provides interviews and expert witnesses on claims handling, practice and procedure. They are retained by law firms representing plaintiffs and defendants as well as insurance companies involved in disputes or litigation involving appraisals, investigations, determinations of liability, assessment of damages, negotiations and settlements. He is a student at Ohio State University. Author’s Note: This content was researched and developed by a panel of expert reviewers. Links in this article may lead to employment opportunities but do not constitute advice or opinion on our part. learn more
Costco offers auto insurance through American Family, which gets high ratings for its price, discounts, customer service and company reputation.
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Can You Buy Costco Car Insurance? Is it worth it? To help you decide, this article takes a deep dive into Costco auto insurance reviews, options, benefits, and more to help you decide. While drivers can purchase auto insurance plans through Costco, American Family Insurance is the company that supports these plans through CONNECT.
Our team spent 1,950 hours researching car insurance, analyzing more than 4,000 online reviews and more than 8,500 customer reviews to find the best car insurance companies. After a thorough review, we give Costco auto insurance an overall rating of 4.2 stars out of 5.0.
At , we’re committed to providing car owners with the well-researched information they need to make informed decisions about their car insurance. Our editorial team consists of automotive researchers, writers and editors who follow strict guidelines to ensure our articles are unbiased and factual.
To compile our reviews and rankings, our team continuously evaluates more than 40 auto insurance companies to compare price, coverage, availability, and customer service. Because price is so important to many insurance brokers, we used data from Quadrant Information Services to compare thousands of insurance quotes. We also surveyed 8,000 car insurance customers to find out what drivers value most when buying a policy. Finally, we looked at the types of technology companies offer based on mobile app functionality and usage-based insurance.
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Costco has a long list of car insurance discounts and benefits, but it lacks clarity and availability. The company is not present in every state.
If you’re already a Costco member and want basic coverage without too many frills, Costco auto insurance may have more to offer you. The cover includes useful features with every policy, including windscreen repairs, key theft and travel accident compensation.
We update our audit standards several times a year to keep our information current. Overall, our insurance research falls into six categories:
Part of the research involved analyzing millions of data sets from Quadrant Information Services to provide the most comprehensive auto insurance quotes from top service providers. Below, you can see that Costco auto insurance from CONNECT scored 5.0 in each category.
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To determine a company’s business value to the industry, we look at its Better Business Bureau (BBB) rating, AM Best score, and overall market share. BBB analyzes each company’s customer profiles, business practices and licensing information. AM Best appears