Understanding Your Rising Insurance Premiums: A Closer Look at Costco Connect (AFI)
Navigating the world of insurance can often feel like trying to solve a complex puzzle. Recently, I received my latest billing statement from Costco Connect (American Family Insurance), and it was unexpectedly higher than previous periods. This prompted me to analyze the progression of my premiums over the years and consider whether the costs are justified, especially given my circumstances living on the outskirts of Portland, Oregon.
My insurance journey with Costco Connect began in 2022. Since then, I’ve experienced notable fluctuations in my auto and homeowner coverage costs. Despite maintaining a perfect driving record—no tickets, accidents, or violations—unexpected incidents like a severe pipe burst in January 2024, which cost approximately $6,000 to repair, and a tree falling on my vehicle in 2024 have impacted my premiums.
Here’s a breakdown of my semiannual insurance rates over the past few years:
2022:
– Auto Insurance: $565
– Home Insurance: $597
– Vehicle: Hyundai Elantra
2023:
– Auto Insurance: $811
– Home Insurance: $308
– Vehicle: Hyundai Elantra (rates increased, likely due to local theft trends)
2024:
– Auto Insurance: $633
– Home Insurance: $308
– Vehicle: Replaced Elantra with an electric vehicle after its total loss
2025:
– Auto Insurance: $793
– Home Insurance: $607
Note: All rates are for six-month coverage periods.
The trend shows significant fluctuations, especially in auto coverage fees. While some increases can be attributed to industry-wide factors—such as rising theft rates—they still warrant a deeper look into whether these costs align with my risk profile and driving habits. Interestingly, my homeowner premium spiked in 2025, perhaps influenced by recent claims or policy updates.
If you’re experiencing similar jumps in your insurance costs, it might be valuable to review your coverage, compare quotes from different providers, and consider factors that could be influencing these changes. Insurance rates are influenced by multiple factors, including local risk assessments, claims history, and broader market trends.
In conclusion, staying informed and proactive can help you manage rising costs and ensure your coverage remains both effective and affordable.
