Geico and Costco both offer competitive rates and an extensive range of coverage options, making them two worthy competitors to compare against one another. When making their selection, customers should look at key metrics like pricing, customer service quality and add-on coverage options as indicators of which provider may best meet their needs.
Costco Insurance Program is available in 44 states through American Family Connect, who underwrite their policies. Unfortunately, however, customer satisfaction ratings remain dismal with four times as many complaints lodged with this provider than other firms.
Costco’s exclusive insurance options
Costco is known for offering bulk discounts on toilet paper and giant tubs of peanut butter, but they also provide discount car insurance policies through American Family’s CONNECT brand. Members who opt in can take advantage of several discounts, and have an above-average claims satisfaction rating; unfortunately this option is unavailable in California or Florida.
Though Costco policies are not offered in every state, their rates remain competitive with national averages. Costco offers similar full coverage premiums as Geico for roughly the same coverage; their annual full coverage premiums for drivers with poor credit are typically higher due to higher insurance risk assessments.
The CONNECT auto insurance policy offers comprehensive coverage for non-collision damages such as theft, vandalism, fire, explosion and natural disasters – such as theft and vandalism. Furthermore, roadside assistance and windshield repair are included along with diminished deductibles that lower collision or comprehensive deductibles when you maintain a claim-free driving history.
Though Costco insurance policies may not offer ideal protection, they do provide some solid add-ons such as coverage for adventure equipment, water backup and earthquake insurance – plus an easy mobile app makes managing and filing claims a breeze!
It offers competitive rates even for drivers with poor credit
Though Costco car insurance policies tend to be more costly than some competitors, they still provide competitive rates for drivers with poor credit. An annual full coverage policy with Costco costs an average of $1,068 while comparable coverage from Geico costs only $55. In addition, Costco also offers additional perks such as roadside assistance and rental car reimbursement.
Costco offers more comprehensive policy offerings than those from GEICO, with an array of coverage options. Furthermore, their DriveEasy telematics program gives members access to discounts based on their driving behavior – up to 25 percent savings may be possible for drivers willing to commit to safe driving habits.
Costco stands out among competitors by providing competitive rates at unbeatably superior customer service. Policies issued through American Family Insurance provide ample coverage while their claims satisfaction level lags behind industry average.
Costco car insurance policies come with several perks designed specifically to satisfy Executive cardholders, such as New Car Replacement and Gap Coverage which covers any differences between the value of your damaged vehicle and what is still owed on it. Furthermore, comprehensive plans offer Stolen Key Expense coverage; any other policies do not.
It does not offer a telematics program
Although Costco car insurance may not be available in every state, its partnership with American Family Insurance enables it to offer competitive rates across demographics as well as excellent customer service ratings; however it may not be ideal for people with poor credit.
DriveEasy from Geico offers an alternative to traditional auto insurance policies by tracking your driving behavior and rewarding you with discounts. While DriveEasy may provide benefits, aggressive or excessive ticket driving could increase premiums significantly; and its accessing personal data that may not be protected under privacy regulations could pose risks as well.
Costco does not offer a telematics program like Geico does; however, its policy through CONNECT by American Family offers various coverage options and unique incentives which may appeal to drivers. One such perk is roadside assistance which reimburses costs related to dead batteries, flat tires or locked keys but this benefit is exclusive for Costco Executive members.
Before choosing between Geico or Costco, it’s essential to weigh various factors, such as pricing, coverage options and discounts. While both providers typically offer lower average rates than the national average, it is advisable to compare them directly in order to identify which plan best meets your individual needs.
It offers a wide range of coverage options
Costco car insurance through Connect by American Family offers drivers an extensive array of coverage options and discounts, as well as additional services such as roadside assistance and identity theft protection that other providers might not. In addition, Costco’s coverage options include collision, comprehensive, uninsured motorist and uninsured motorist policies which can also be bundled together for greater savings. Their website features a thorough breakdown of coverage options as well as tools to obtain quotes and file claims quickly and conveniently.
Both Geico and Costco provide an array of auto insurance policies, ranging from basic options like liability, personal injury and property damage coverage to specialty coverages like uninsured/underinsured motorist, collision and gap insurance. Both also offer discounts like multi-car discounts, good driver discounts and savings when taking defensive driving courses; moreover, Costco Executive members won’t face cancellation after multiple accidents like many other insurers do.
Costco insurance can be found in 45 states and Washington, D.C. as it is offered under its Costco brand of retail warehouse chain stores, along with homeowner, renter, umbrella, and automobile policies backed by American Family Insurance. Furthermore, Connect offers specialty coverages such as rental car and stolen key protection that may not otherwise be readily available elsewhere such as rental car coverage and stolen key protection – giving customers more coverage options than ever.
