Costco Auto Insurance: A Comprehensive Guide to Policies, Prices, and Features

If you’re in the market for the best car insurance, you might consider looking into Costco’s auto insurance policy. Costco is known for offering exceptional value and quality in its services, and its auto insurance is no different. In this article, we will provide you with all the information you need to know about Costco auto insurance, including its coverage options, pricing, membership requirements, and more.

What is Costco Auto Insurance?

Costco is a membership-only wholesale retailer that offers a variety of products and services to its members. One of the services it offers is a car insurance policy that provides coverage for damages to your vehicle and liability for injuries or damages to other people or their property that may be caused by your car.

Costco auto insurance is underwritten by Ameriprise Insurance, a reputable insurance company that has been providing insurance policies for over 100 years. Ameriprise Insurance is rated A by A.M. Best, a leading credit rating agency that evaluates the financial strength and stability of insurance companies.

What are the Coverage Options for Costco Auto Insurance?

Costco auto insurance offers a variety of coverage options that you can choose from to suit your needs. The following are the most common coverage options:

You can choose to purchase any combination of these coverage options, depending on your needs and budget. Some states also require drivers to have specific types of coverage, so it’s important to check your state’s requirements before selecting your coverage options.

How Much Does Costco Auto Insurance Cost?

The cost of your Costco auto insurance policy may vary depending on several factors, such as your age, driving history, location, and the type of car you drive. Generally, Costco offers competitive rates that are lower than the average rates of other insurance companies. The following table shows the average annual premiums of Costco auto insurance compared to the national average:

The above rates are based on a sample driver profile which includes a 30-year-old male driving a 2015 Honda Civic EX, with a clean driving record and a 12-mile daily commute.

What are the Membership Requirements to Purchase Costco Auto Insurance?

As with any other Costco service, you need to be a Costco member to purchase Costco auto insurance. Costco offers two types of membership, the Gold Star membership and the Executive membership. The Gold Star membership costs $60 per year, while the Executive membership costs $120 per year. You can purchase a membership online or at any Costco warehouse near you.

Once you become a Costco member, you can purchase your auto insurance policy online or by calling the Ameriprise Insurance customer service number provided in your membership kit.

FAQ

Is Costco auto insurance available in all states?

No, Costco auto insurance is not available in all states. It is currently available in the following states: Arizona, California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.

Is Costco auto insurance good?

Yes, Costco auto insurance is a good option for those who want to save money on their car insurance without compromising on coverage. Costco offers competitive rates and a variety of coverage options to suit your needs. Additionally, Ameriprise Insurance is a reputable insurance company with a strong financial rating.

How do I file a claim with Costco auto insurance?

If you need to file a claim with Costco auto insurance, you can do it online or by calling Ameriprise Insurance customer service. Before filing a claim, make sure to have all the necessary information, including your policy number, the date and location of the accident, and the names and contact information of any witnesses.

Does Costco auto insurance offer discounts?

Yes, Costco auto insurance offers several discounts that can help you save money on your policy. The following are the most common discounts:

To find out if you’re eligible for any of these discounts, contact Ameriprise Insurance customer service or check your policy details online.

Can I cancel my Costco auto insurance policy?

Yes, you can cancel your Costco auto insurance policy at any time. To cancel your policy, call Ameriprise Insurance customer service or do it online. Keep in mind that cancelling your policy before the end of your policy term might result in a cancellation fee.

Conclusion

Costco auto insurance is a reliable and affordable option for those who want to protect their vehicles and themselves on the road. With its competitive rates, variety of coverage options, and discounts, Costco auto insurance provides exceptional value and quality to its members.

If you’re already a Costco member, it’s worth considering purchasing your auto insurance policy from Costco. If you’re not yet a member, becoming one might be a smart decision, not only for the auto insurance but for the many other benefits that come with the membership.