does costco offer car insurance

When you’re looking to save money on everything from groceries to tires, it’s natural to wonder if your membership can extend to other major expenses. Many Costco members are pleasantly surprised to find that their warehouse club benefits include access to exclusive services, including options for their vehicles. So, if you’ve found yourself asking, does Costco offer car insurance, you’re on the right track to potentially finding significant savings.

So, Does Costco Offer Car Insurance Directly?

Costco does not underwrite its own car insurance policies. Instead, they partner with established insurance providers to offer exclusive rates and programs to their members. For many years, this service was provided through a partnership with Ameriprise. However, the program has recently undergone a significant change, shifting to a new provider to continue serving members.

Navigating the New Costco Insurance Program

The current auto insurance program is now managed through Connect, powered by American Family Insurance. This means that when you use the Costco Auto Insurance program, you are dealing with a dedicated provider that offers policies specifically tailored for Costco members. This partnership is designed to leverage Costco’s bulk buying power to secure competitive rates and member-only benefits that might not be available to the general public.

Potential Benefits for Members

There are several advantages to exploring this member-exclusive program. First and foremost is the potential for cost savings. Members often report lower premiums compared to standard market rates. A key benefit is the promise that most members who switch could save money. Beyond price, other perks can include a vanishing deductible feature, which reduces your deductible for every year of safe driving, and additional discounts for bundling multiple policies like home and auto.

How to Check Your Rates

Getting a quote is a straightforward process designed with the member in mind. You can typically start online through the official Costco Services website or by calling their dedicated insurance phone line. You’ll need your Costco membership number handy. The process involves providing standard information about your vehicle, driving history, and coverage needs. Because it’s a soft inquiry, checking your rate won’t affect your credit score, making it a risk-free way to see if you can save.

While Costco doesn’t sell its own branded insurance, its partnership with a major provider offers a valuable member benefit worth investigating. For anyone paying for car insurance, a quick quote could reveal meaningful savings, making that membership card even more valuable.