Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Written by Chelsey Tucker
Insurance Expert Chelsey Tucker

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Jun 28, 2022

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The Lowdown

  • Costco offers homeowners insurance in 44 states throughout the U.S.
  • Costco homeowners insurance is available through Connect, a subsidiary of American Family Insurance
  • American Family Insurance has an A (Excellent) rating with A.M. Best and an A- with the Better Business Bureau

If you are searching for a homeowners insurance policy, you may want to consider Costco as an option.

Costco homeowners insurance is available in 44 U.S. states. But Costco does not actually offer insurance products. Instead, people who buy homeowners insurance through Costco are buying a Connect Insurance product.

If you are looking for the best home insurance policies, you will want to shop around and compare prices online, so you don’t end up paying too much for coverage.

You can use our free tool above to compare prices for homeowners insurance in your area and see how much you could save.

Is Costco homeowners insurance good?

Costco homeowners insurance offers a standard policy for homeowners. Through Connect, which is powered by American Family Insurance. A homeonwers insurance policy with Connect includes:

  • Your home, along with other dwellings on the property
  • Personal property such as furniture and appliances
  • Liability to cover any legal fees
  • Loss of use if you need a temporary residence
  • Medical payments

In addition to the coverages listed above, Connect also offers:

  • Personal injury protection
  • Water backup and sump pump overflow coverage
  • Scheduled personal property, like fine art and musical instruments

If you are looking for a standard homeowners insurance policy, Costco home insurance may be a good fit for you. But you should speak to an agent about getting a Costco homeowners insurance quote before you commit to anything.

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How much is Costco homeowners insurance?

It’s impossible to know how much you’ll pay for a homeowners insurance policy with Costco until you speak to an agent about some of your specific information. Homeowners insurance rates vary based on a lot of different factors, like where you live, the cost of your home, and more.

The table below shows the top 10 homeowners insurance companies in the U.S. with each company’s average annual rates, A.M. Best rating, and market share percentage.

Top 10 Homeowners Insurance Companies by Market Share

CompaniesAverage Annual Rates (For $500,000 Home in Pasadena)A.M. Best RatingMarket Share Percentage
State Farm$972A++18.50%
Allstate$1,047A++8.36%
Liberty Mutual$1,076A6.74%
USAA$1,154A++6.24%
Farmers Insurance$1,869A5.86%
Travelers$795A++3.81%
American Family Insurance$1,127A3.32%
Nationwide$961A+3.22%
Chubb Ltd Group$2,031A++2.87%
Erie Insurance GroupN/AA+1.70%
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As you can see, American Family Insurance made the top 10 list, which is great news for anyone considering a Costco homeowners insurance policy. While the average annual rate for a homeowners policy with American Family is $1,127, you will still need to reach out to the company to get a more accurate quote for your home.

Can I save money on Costco insurance?

It is possible to save money on a homeowners insurance policy with Costco and lower your monthly rates altogether. One way many people get lower rates is by simply being a Costco member. Costco offers incentives and price advantages to its members who decide to go with Connect home insurance.

Another great way to save money on homeowners insurance — and virtually any other insurance you can think of — is to ask for any eligible discounts. As of right now, Costco offers the following discounts on its homeowners insurance:

  • Multi-policy
  • Age of home
  • Claim-free
  • Tenure
  • Home safety
  • Renovation

If you think you may qualify for these discounts, or if you’re curious whether Costco offers additional discounts on homeowners insurance, you can speak to an agent to find out.

Does Costco have good ratings and reviews?

As mentioned previously in the table, Costco homeowners insurance is offered by American Family Insurance, which has an A (Excellent) rating with A.M. Best and a stable outlook. The Better Business Bureau (BBB) has given American Family Insurance an A- rating.

Customer reviews on the BBB website currently rate the company as one out of five stars. American Family Insurance has closed over 140 complaints in the past three years.

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Should I buy homeowners insurance with Costco?

If you’re a Costco member and you’re interested in purchasing a Connect homeowners insurance policy, it’s a good idea to speak to an agent to get a bit more information.

There’s no way to know whether you’ll be satisfied with the rates that Costco offers for homeowners insurance until you get a quote from the company and then compare it to rates from other companies in your area.

You can use online quote tools to find and compare rates from multiple companies at once to see how much you can expect to pay for homeowners insurance every month. This will also help you make sure you’re not overpaying.

In fact, you can use our free tool below to get started in your search for affordable homeowners insurance today.

Costco Homeowners Insurance Review (2022) Additional Information

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Costco Homeowners Insurance Review [2022] Insurance Quotes

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