What do you really get with Costco and Geico?

 
 

You’ve probably heard of Geico, but did you know you can insure your vehicle through Costco? In this review, we’ll compare Costco auto insurance vs. Geico to see where you can find the best coverage and price.

Geico topped the list in our research of the nation’s best car insurance companies, but Costco may provide better policies for certain drivers. Keep reading for a side-by-side comparison, or go ahead and get a few free quotes from top-rated providers by entering your zip code above or calling (855) 518-0148. We always recommend getting at least three car insurance quotes so you can make sure you’re getting the best rates.


In this article:

 


 

Costco And Geico Highlights

Geico is the second largest car insurance company in the country, with nearly 14 percent of the market share according to the National Association of Insurance Commissioners. It has broad coverage, low rates, and high customer service ratings from experts.

Costco auto insurance through Ameriprise is available to Costco members in several states. Overall, we think Ameriprise has strong coverage and customer service, but rates are a bit higher than you might pay with another provider.

  Costco Auto Insurance by Ameriprise Geico
Motor1 Rating 3.5 4.5
Availability For Costco members,
available in 15 states
50 states
Coverage 3.5 4.0
Cost 3.0 4.0
Customer Service 4.0 4.0
AM Best Financial Strength Rating A A++
Mobile App Google Play Rating No app 4.8
 

Learn more about the providers in our complete Costco insurance review and Geico review.

Where Can I Get Costco Auto Insurance?

Costco auto insurance through Ameriprise is only available in the following states. You must be a Costco member to be eligible for coverage.

Alaska California Connecticut Florida Hawaii
Idaho Louisiana Maine New Hampshire North Carolina
North Dakota Rhode Island Tennessee Washington Wyoming
 

 


 

Costco Auto Insurance Vs. Geico: Coverage

When you’re shopping for car insurance, the first thing you might consider is the level of coverage you would like. You can get standard offerings like liability and collision insurance with Costco and Geico, but some of the more advanced types of auto insurance coverage vary.

  Costco Auto Insurance by Ameriprise Geico
Bodily Injury Liability (BI)
Property Damage Liability (PD)
Collision
Comprehensive
Personal Injury Protection (PIP)
Medical Payments (MedPay)
Uninsured/Underinsured Motorist (UM/UIM)
Roadside Assistance
Rental Car Reimbursement
Accident Forgiveness Insurance  
Mechanical Breakdown Insurance (MBI)  
Rideshare Insurance  
Gap Insurance  
Accident Travel Expense Coverage  
 

Standout Coverage From Costco

  • Comprehensive benefit: Comprehensive coverage from Costco includes Stolen Key Coverage, which isn’t common for comprehensive car insurance policies. If your car keys are stolen, Costco will help you replace the keys and locks. Plus, if it’s less than $250, you won’t have to pay a deductible.
  • Accident travel expense coverage: If you’re in an accident more than 100 miles away from home and your car is not drivable, Ameriprise will partially reimburse you for the cost of transportation.

Standout Coverage From Geico

  • Mechanical breakdown insurance: This coverage will cover the cost of mechanical part repairs and replacements if your car breaks down.
  • Rideshare insurance: Drivers that work for Uber or Lyft will be covered when they are waiting to pick up passengers.

 


 

Costco Vs. Geico: Cost And Discounts

Our research found that Geico can be much more affordable than Costco auto insurance through Ameriprise. That being said, the cost of your car insurance will depend on many factors, including your vehicle make and model, your age, and driving history. You can also get lower car insurance rates if you qualify for discounts. Here are the discounts you could be eligible for with Costco and Geico:

  Costco Auto Insurance by Ameriprise Geico
Multiple Vehicle
Multiple Policy
Safe Driver
Vehicle Safety
Good Student
Defensive Driving
Anti-Theft
Military  
Emergency Deployment  
Anti-Lock Brakes  
Daytime Running Lights  
Passive Restraints  
New Car  
Federal Employee  
Garaging  
Student Away At School  
Education  
Customer Loyalty  
 

Standout Discounts From Costco

  • Garaging: If you park your car overnight in a garage, you could be eligible for savings.
  • Education: If you are a student or have a student on your policy who has completed at least four years of post-high-school education, you could get a discount.

Standout Discounts From Geico

  • New car: Drivers that insure a new vehicle can get a discount on auto insurance.
  • Affinity membership: Save money on your policy if you’re in the military, a federal employee, or a member of one of the many professional and academic associations that Geico partners with.

To see how much you would pay for car insurance, enter your zip code or call our designated quotes team at (855) 518-0148. You will be connected with auto insurance companies in your area.

 

 

Costco Vs. Geico: Quotes And Claims

Comparing the quotes and claims processes between Costco auto insurance and Geico auto insurance can be difficult because Costco’s partner Ameriprise isn’t included in many industry studies. Geico earns high ratings from many experts – it had the highest score among ranked providers in J.D. Power’s 2020 U.S. Insurance Shopping StudySM.

Geico similarly performed well in J.D. Power’s 2019 U.S. Auto Claims Satisfaction StudySM, earning 879 out of a possible 1,000 points. One thing that Costco does have going for it is that car insurance policies through Ameriprise include lifetime renewability, so your policy will never be cancelled for filing multiple claims. This offer is not available in Maryland or Michigan or do drivers that have major violations, don’t pay, or purchase an uninsurable vehicle. You also can’t renew your policy if you move to another state.

 


 

Costco Vs. Geico: Ratings And Reviews

Ameriprise and Geico are both highly rated by experts like the Better Business Bureau (BBB) and AM Best. The BBB measures business practices, while AM Best measures a company’s ability to pay out customer claims. As you can see, Geico scored slightly better in financial stability.

  Ameriprise Geico
BBB Rating A+ A+
AM Best Financial Strength Rating A A++
 

We found that Costco customers are satisfied by Ameriprise’s helpful claims representatives and friendly customer service team. Those that left negative reviews saw rates rise after their first at-fault accidents and saw rates rise on other occasions without explanation.

Positive Geico reviews focus on good claims experiences, helpful customer service, and easy-to-use technology. Negative comments mention rate increases after claims and the fact that Geico wouldn’t pay for original parts to be used in repairs.

 


 

Our Take On Costco Auto Insurance Vs. Geico

Comparing Costco auto insurance vs. Geico, we found that Geico has more expansive coverage, lower-than-average rates, and strong reviews from experts and customers. However, Costco might be the right choice for drivers that are members in certain states.

Overall, we think most customers would be most satisfied with Geico.

Coverage Geico
Cost and Discounts Geico
Quotes and Claims Processes Geico
Ratings and Customer Reviews Tie
Overall Geico
 

Enter your zip code below or call our designated quotes team at (855) 518-0148 to compare free, personalized quotes.

 

 

Top Recommendations For Car Insurance

Anytime you shop for coverage, it’s a good idea to get multiple quotes from providers in your area. While Costco and Geico are good options, we also recommend Progressive and USAA. Both car insurance companies scored well in our industry-wide review, with a 4.5-star rating and 5.0-star rating, respectively.

Progressive: Best For High-Risk Drivers

Progressive Insurance logo

As one of the most well-known auto insurers nationwide, Progressive has proven that it is a smart choice for most drivers. We think the company is especially suited for high-risk drivers, including those in their 20s and those who have a DUI on record. This is in part because Progressive offers small accident forgiveness to all drivers and large accident forgiveness to drivers who remain claim-free for several years.

Progressive has great shopping features too, like the Name Your Price® tool – which will match you with Progressive car insurance policies that fit your budget. There’s also a usage-based savings program called Snapshot® that can monitor safe driving habits.

Learn more in our comprehensive Progressive auto insurance review.

USAA: Best For Military

USAA Insurance logo

Our USAA auto insurance review named USAA the best choice for military personnel and their family members. USAA has top marks from industry experts like AM Best and has swept the board in many 2019 J.D. Power Studies.

The auto insurance company offers many competitive discounts, including a military installation discount of up to 15 percent if you garage your car on a military base. USAA also has a usage-based safe driving program called SafePilot® that monitors driving habits through an app to provide discounted rates on car insurance.