Yes and they can and will do it to you. As is Costco’s policy you needed to use a credit card to pay for our insurance and be billed automatically about every 5 months. Be careful if you credit card expires as they all do, Costco will not be able to auto charge your account. So what will Costco do? Well for us after our account number changed and a new card was issued, and even with all our contact information, Costco notified us via US mail that 2 weeks ago, as a legal notice we dropped your policy do to not being able to bill your credit card. What???? Two weeks after the fact with every means of contacting you Costco sends snail mail 2 weeks after dropping my insurance do to Credit Card Changes. All I’m saying is be careful. If you get a new Credit card issued by your company don’t forget to contact Costco and let them know. They will not notify you of the problem until it is to late and it will be your fault. They can contact you but don’t expect them to be looking out for your best interest.

To me savings is savings and I got the discount price by being a Costco member. We shop around for car insurance twice a year and this by far has been the cheapest. We just had to use the tow service this weekend and find that extra benefit pretty handy.

But you do bring up a point, so my next Costco review I’m also including our food and goods savings.

You supposedly saved $805.70, but $720 comes from auto insurance. If you shopped around (online comparison sites, geico, etc.), you would have found other companies with comparable savings. For some people Costco insurance is the lowest price, but for others it’s actually higher. In any case, the lowest rates don’t generally vary much more than $100 at best and you might have saved even more.

One other thing, you paid $100 for the Executive membership instead of the $50 memberships. The only benefits you listed were the roadside assistance and the $34.87 check. If you’re not getting your car towed every year, you’re probably better off with just a regular membership. $15 for a tow is definitely worth it, but if it’s only very occasionally, then it’s like insurance and then you may consider other options like auto club,(As little as $12 each year per car), etc. Don’t forget that some new cars come with road service while under warranty and it’s just duplicate insurance.

While Costco makes sense for some people, your actual savings are quite minimal and on some years, you might be paying extra membership fees for nothing.