Costco Auto Insurance, provided through Connect by American Family, offers exclusive discounts and coverage options to Costco members. It merges the trusted Costco brand with Connect’s comprehensive insurance solutions to cater to the diverse needs of its members.
About Costco Auto Insurance
Costco offers car insurance through a partnership with Connect, a service of American Family. While Costco members benefit from exclusive discounts when purchasing through Connect, it’s worth noting that you don’t need a Costco membership to secure a policy from Connect.
When it comes to coverage, Costco auto insurance provides a range of standard options. Additionally, they offer endorsements that can be tailored to your policy for enhanced protection. A testament to their popularity among Costco’s community is evident; as per their website, over 400,000 members have transitioned their auto insurance to Connect.
For those wondering about geographical availability, Costco auto insurance policies can be availed in 44 states as well as in Washington D.C. However, it’s essential to be aware that some coverages and discounts might vary based on state regulations and availability.
If you’re considering making a switch or are on the lookout for new car insurance, diving into what Costco auto insurance offers might be a worthwhile endeavor.
Costco Car Insurance: Pros & Cons
- Special discounts available for Costco members.
- Features accident forgiveness.
- Provides new car replacement.
- Numerous policy discounts available for savings.
- Connect auto insurance has received a marginally above-average number of complaints with state regulators.
- Does not offer rideshare insurance for Uber and Lyft drivers.
- Lacks usage-based or pay-per-mile car insurance options.
- No diminishing deductible feature available.
What is Costco Auto Insurance Coverage?
Let’s break down the main types of coverage you can get:
Liability car insurance
Liability insurance covers two main areas: bodily harm and damage to others’ property. If you’re at fault in an accident, this insurance helps pay for the other person’s medical costs and car repairs, up to your coverage limit. Plus, if someone decides to sue you because of the accident, it’ll help cover your legal fees. Most places require drivers to have at least a basic level of this insurance.
Comprehensive insurance covers damages to your car that aren’t from crashes. This includes things like hail damage, theft, vandalism, and run-ins with animals. If your car is completely wrecked, you’ll get paid its current value. But remember, when you claim, the amount you receive will be less by whatever your deductible is.
Collision insurance helps fix your car if it’s damaged in an accident, no matter who’s at fault. It even covers if you hit things like a tree or a pole. Often, collision and comprehensive insurance come together in what’s called “full coverage.” While you might not always need both, if you’re paying off a car loan or leasing, you might have to get them. Just remember, if your car’s a total loss, the payout is its current value minus your deductible.
Medical payments insurance
Medical payments insurance covers medical costs if you, a family member, or a passenger in your car gets hurt in an accident. This can include ambulance fees, X-rays, medicines, surgeries, and therapy. It’s part of the “full coverage” package, and the good news is, there’s no deductible for this one.
Uninsured/underinsured motorist insurance
Uninsured motorist coverage is a must in some places and optional in others. It helps when you’re hit by a driver without enough insurance. It covers injuries for you and your passengers. In some areas, it can also pay for damages to your car caused by an uninsured driver.
Personal injury protection
Personal injury protection (PIP) is needed in states where it doesn’t matter who caused the accident. It covers your medical costs if you get hurt in a crash, no matter who’s at fault. It also helps passengers in your car. In places where the at-fault driver pays, you can still add PIP for more safety. If you can’t find a policy that’s right for you, Insurancetoplist has a list of top car insurance companies to check out.
Does Costco Auto Insurance Have Special Discounts?
Connect, in partnership with American Family, offers a bunch of cool discounts for both Costco members and others. Here’s how you might save:
- Costco Membership: Just by being a Costco member, you get a price cut on your car insurance. Show your membership number when signing up.
- Defensive Driving: Finish a special driving course approved by the DMV, and you might get a discount. Basic driving lessons for newbies don’t count.
- Garaging: If your car sleeps in a garage at night, you might get a deal in some areas.
- Good Driver: Good drivers in California, those with no claims or accidents, get a discount.
- Top Student: Got a full-time student with good grades on your policy? That could mean savings.
- More Cars, More Savings: Insure more than one vehicle, and you might pay less.
- Bundle Up: Get a deal when you mix and match, like car and home insurance, with Connect.
- Premier Safety: Drive safely without accidents or violations for four years? You could get a discount, no matter where you are.
- Car Safety: Got a car with fancy safety stuff, like seat belts that buckle on their own or anti-theft? You might pay less.
- Student Far from Home: If your student driver is studying 100 miles away without a car, there’s a discount for that.
- Loyalty Counts: Stick with Connect for a while, and they might lower your rate.
Additional Coverage Options (Riders)
Exclusive Benefits for Costco Executive Members:
- On-the-Spot Roadside Help: Get assistance, up to $75 per incident for every insured vehicle. Whether it’s a flat tire, dead battery, or running out of fuel, they’ve got you. However, fuel and battery costs aren’t covered.
- Lifetime Policy Renewal: Even if bumps in the road happen, you can renew your policy for life.
- Travel Accident Support: If an accident leaves your car unusable over 100 miles from home, Connect assists with your travel and stay expenses. Perfect for peace of mind during vacations or trips.
How Much Does Costco Auto Insurance Cost?
Costco’s auto insurance costs vary based on factors like location, driving history, age, and car model. Still, they provide many discounts to make coverage more affordable.
For a quote, just pick your membership type on Costco’s Auto & Home Insurance website.
For instance, a 37-year-old married woman with an Executive Costco membership in Minnesota might pay roughly $745 annually. This covers $30,000/$60,000 for both bodily injury and uninsured motorist, plus a $25,000 property damage cap. In contrast, 2023’s average auto insurance rate is $1,070.
If she has a Gold membership, the yearly cost rises slightly to $823 for identical coverage
How to File a Claim With Costco Auto Insurance
You can file a claim with Costco’s auto insurance anytime, either online or by phone. If you report by phone (and some online methods), expect a callback by the next day. Choose where to get your car fixed, or let Connect suggest a place. They even have preferred car rental spots.
Need help? Ring 888-404-5365. They’re available Monday-Friday, 7:00 a.m. – 10:00 p.m. CT, and Saturdays 8:30 a.m. – 7:00 p.m. CT.
Costco Auto Insurance: FAQs
How can I get a quote for Costco auto insurance?
To get a quote for Costco insurance, reach out at 1-855-531-9253 from Monday to Friday, 7:00 a.m. – 10:00 p.m. CT, or on Saturday, 8:30 a.m. – 7:00 p.m. Alternatively, you can fill out the online form at this link.
How can I pay for my Costco insurance?
Connect offers multiple payment methods for insurance premiums:
- Direct Full-Pay: Settle your 6-month or yearly premium using a check, money order, or credit card.
- Installments: Opt for monthly payments via credit card, debit card, or automatic withdrawal from your bank account. Note: A small fee applies, but it varies for those in Georgia, Texas, Michigan, and Massachusetts.
- Online Management: Utilize Connect’s user-friendly website to manage your account and handle payments at your convenience.
What changes to my Costco car insurance can I make through my online account?
Typically, with most online insurance account platforms, you can:
- Update Personal Information: Such as your address, phone number, and email.
- View Policy Details: Review your coverage limits, deductibles, and more.
- Add or Remove Vehicles: Update the cars covered by your policy.
- Add or Remove Drivers: Adjust who is listed as a driver on your policy.
- Make Payments: Pay your premiums or set up auto-pay.
- File and Track Claims: Report a new claim or check the status of an existing one.
- Change Coverage Options: Adjust your coverages, limits, or deductibles.
- Print or Request ID Cards: Access digital ID cards or request physical ones.
- Review and Renew Policy: Check your policy’s expiration date and renew if needed.
- Contact Customer Service: Access a direct line or chat feature to speak with representatives.
Costco Auto Insurance, in partnership with Connect by American Family, delivers reliable coverage tailored to Costco members. With exclusive benefits and discounts, it presents a compelling choice for those seeking both value and comprehensive protection.