Costco Auto Insurance: Everything You Need to Know

When it comes to auto insurance, Costco is a name that might not immediately come to mind. But did you know that the retail giant also offers car insurance policies? In this article, we’ll take a closer look at Costco’s auto insurance offerings, including coverage options, pricing, and customer service reputation.

What Is Costco Auto Insurance?

Costco Auto Insurance is an insurance program managed by Ameriprise Auto & Home Insurance. Costco members are eligible for exclusive discounts on car insurance policies through the program. Ameriprise provides the insurance policies, while Costco serves as a middleman between its members and Ameriprise.

The program is designed to provide Costco members with competitive pricing on car insurance while also offering the convenience of managing their policy online or over the phone.

Costco Auto Insurance Coverage Options

Costco Auto Insurance offers a range of coverage options to suit different needs and budgets. Some of the coverage options available include:

Coverage Type
Description
Bodily Injury Liability
Covers medical expenses and lost wages for others injured in an accident caused by the policyholder.
Property Damage Liability
Covers damage to someone else’s property caused by the policyholder.
Collision
Covers damages to the policyholder’s car resulting from a collision with another vehicle or object.
Comprehensive
Covers damages to the policyholder’s car resulting from incidents other than a collision, such as theft, vandalism, or weather-related damage.
Uninsured/Underinsured Motorist
Covers damages and medical expenses if the policyholder is involved in an accident with a driver who is uninsured or underinsured.

Costco Auto Insurance also offers additional coverage options, such as roadside assistance and rental car reimbursement.

Costco Auto Insurance Pricing

One of the main benefits of Costco Auto Insurance is the exclusive discounts that are available to Costco members. The program claims to provide members with an average savings of $575 per year on car insurance premiums.

The cost of your coverage will depend on a variety of factors, including your driving record, the type of car you drive, and your location. However, Costco Auto Insurance is known for offering competitive pricing compared to other insurance providers.

Customer Service and Claims

Costco Auto Insurance is managed by Ameriprise Auto & Home Insurance, which has received high marks for customer satisfaction. The company has an A+ rating from the Better Business Bureau and has been accredited by the organization since 1966.

In terms of claims, Ameriprise has a reputation for providing efficient and straightforward claims processing. Customers can file a claim online or over the phone.

FAQs

Is Costco Auto Insurance available in all states?

No, Costco Auto Insurance is currently only available in the following states: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Minnesota, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Can non-Costco members purchase auto insurance through Costco?

No, only Costco members are eligible to purchase auto insurance through Costco Auto Insurance.

What documents do I need to provide to get a quote?

You will need to provide your driver’s license number, vehicle identification number (VIN), and details about your driving history.

How can I manage my policy?

You can manage your policy online or over the phone. The Costco Auto Insurance website allows you to view your policy details, make payments, and file a claim.

Can I cancel my policy at any time?

Yes, you can cancel your policy at any time by contacting Ameriprise Auto & Home Insurance.

Conclusion

If you’re a Costco member and in the market for car insurance, Costco Auto Insurance is definitely worth considering. With competitive pricing, a range of coverage options, and high customer satisfaction ratings, it’s a solid choice for many drivers. Just be sure to compare prices and coverage with other insurance providers to ensure that you’re getting the best deal for your needs.