Safe auto cancel policy9/28/2023 This coverage extends to 120% of your vehicle’s value. Gap insurance: This coverage, also known as “guaranteed auto protection” insurance, pays the difference between the value of your vehicle and the amount of your original loan in the event of a loss.Accident travel expense coverage: When you’re in an accident more than 100 miles from home and your car is disabled, this coverage helps with your out-of-pocket expenses for travel or accommodation.Comprehensive: This covers damage to your vehicle that you have no control over, such as break-ins, animal strikes, or natural disasters.īy increasing the deductibles on your insurance coverage, you can reduce your annual premiums.Ĭostco auto insurance also offers the following optional coverages for your vehicle:.Collision: Your vehicle is covered for damage caused by a collision with another vehicle or object, whether it is your fault or not.A 2021 study by the Insurance Research Council found that one in eight drivers does not have insurance, so purchasing this coverage may be a good idea. Uninsured and underinsured motorist coverage protects you and your vehicle when you are in an accident that is not your fault and the other driver either does not have insurance at all or their insurance does not cover all of the damage. Uninsured and Underinsured Motorist Coverage Personal Injury Protection (PIP) insurance: PIP insurance covers you, anyone living in your household, your passengers, and pedestrians that are injured or killed in an accident.The driver, their spouse, relatives living in the household, and anyone occupying a vehicle on your policy are covered in case of an accident. Medical expense insurance: This covers the cost of all necessary medical expenses after an automobile accident, regardless of who is at fault.It does not cover damage to your own vehicle. Property damage insurance: This covers the damage your vehicle caused to another vehicle or property.Bodily injury insurance: This pays for claims if you injure someone in an auto accident and are found to be at fault.The call center is closed on Sundays and on most holidays.Ĭostco auto insurance offers coverage for liability, medical, uninsured and underinsured motorist, vehicle, and more. CST Monday through Friday or between 8:30 a.m. To speak with one, you must call between 7 a.m. Limited customer service hours: Live agents are not available 24/7.When dealing with a third party, you are not guaranteed the same level of service you expect from Costco. Car insurance through a third party: Costco car insurance is provided by CONNECT, a division of American Family Insurance.High customer complaint ratio: According to the National Association of Insurance Commissioners (NAIC), Costco auto insurance received four times as many complaints as expected for a company of its size.Customers are not required to select a body shop from a list provided by the insurance company. Choose your own body shop for repairs: After an accident, customers can choose any body shop they want to complete the repairs.These perks include lifetime renewability, home lockout assistance, and roadside assistance. Additional benefits for Costco Executive members: Costco Executive members receive additional benefits at no extra charge.Multiple policy discounts: Costco car insurance offers a number of discounts to customers based on their loyalty, good driving habits, education, and vehicle safety features.
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