Overall Rating: 4.0 / 5 (same as Figo; member pricing adds value for Costco members)
Costco pet insurance is not a separate product — it is a Figo Pet Insurance policy sold exclusively to Costco members through the Costco insurance marketplace, with pre-negotiated member group pricing that is typically 10–15% below Figo's individual market rates. Coverage terms, exclusions, waiting periods, and the claims process are identical to Figo's standard policies. If you are a Costco member, the member discount makes this the cheapest way to access Figo coverage.
What Is Costco Pet Insurance?
Costco partners with Figo Pet Insurance to offer Costco Member Pet Insurance as a voluntary member benefit. Key facts:
- Underwriter: Figo Pet Insurance (Independence American Insurance Company)
- Availability: Costco members only (Gold Star and Executive members)
- Pricing: Group/member rates typically 10–15% below Figo's individual market pricing
- Coverage: Identical to standard Figo accident and illness plans
- Claims: Filed through Figo's app and portal — same process as direct Figo customers
Costco vs. Direct Figo Pricing
| Scenario | Figo Individual | Costco Member Rate | Estimated Annual Saving |
|---|---|---|---|
| Cat, 2 years, $500 deductible, 80%, $10K limit | ~$20/mo ($240/yr) | ~$17–$18/mo ($204–$216/yr) | ~$24–$36/yr |
| Dog (medium), 2 years, same settings | ~$42/mo ($504/yr) | ~$36–$38/mo ($432–$456/yr) | ~$48–$72/yr |
| 2 dogs + 1 cat household | ~$104/mo ($1,248/yr) | ~$89–$94/mo ($1,068–$1,128/yr) | ~$120–$180/yr |
For a multi-pet household, the Costco member discount can save $120–$180+/year — which, combined with other Costco membership benefits, makes the $65/year Gold Star membership cost-neutral or better on pet insurance alone.
Costco Pet Insurance Plan Options
| Setting | Options (Same as Figo) |
|---|---|
| Annual deductible | $100, $200, $250, $500, $750, $1,000 |
| Reimbursement rate | 70%, 80%, 90%, 100% |
| Annual limit | $5,000, $10,000, Unlimited |
| Waiting period (accident) | 0 days (unique feature) |
| Waiting period (illness) | 5 days |
| Waiting period (orthopedic) | 6 months |
What Costco Pet Insurance Covers
- Accidents from day 1 (0-day accident waiting period)
- Illnesses from day 6
- Hereditary and congenital conditions (after 6-month orthopedic waiting period)
- Cancer — surgery, chemo, radiation, diagnostics
- Dental illness — fractures, stomatitis, periodontal extraction
- Chronic conditions — diabetes, CKD, allergies, epilepsy
- Prescription medications for covered conditions
- Specialist referrals, emergency care, hospitalization
Not covered: Routine wellness, dental cleaning, vaccines, exam fees, pre-existing conditions, prescription food.
How to Enroll in Costco Pet Insurance
- Log in to your Costco account at costco.com
- Navigate to Services → Insurance → Pet Insurance
- Enter your pet's information to receive a Costco member quote
- Compare the Costco member rate against Figo's individual rate at figo.com to confirm the discount
- Enroll through the Costco portal — policy is issued and managed by Figo
Non-members cannot access Costco pet insurance rates. If you are not a Costco member, enroll directly at figo.com for identical coverage at individual pricing.
Is Costco Pet Insurance Worth It?
For existing Costco members: yes — the 10–15% member discount is free money. For single-pet households: the annual saving ($24–$72) may not alone justify a Costco membership ($65/year), but combined with other Costco membership savings it contributes meaningfully. For multi-pet households: the $120–$180+/year saving makes Costco pet insurance clearly worthwhile.
The Figo/Costco product itself is a strong choice if you value the 0-day accident waiting period, 100% reimbursement option, or prefer the Figo Pet Cloud app. If you need the absolute lowest base premium, Spot and Lemonade (available to non-Costco members) start lower than Costco/Figo pricing even with the member discount.
Pros and Cons
| Pros | Cons |
|---|---|
| 10–15% member discount vs. individual Figo pricing | Requires active Costco membership |
| 0-day accident waiting period | 6-month orthopedic waiting period |
| 100% reimbursement option | Same product as Figo — no exclusive coverage features |
| Identical coverage to Figo (strong base plan) | No exam fee coverage in base plan |
| Best for multi-pet Costco households | Non-members get no benefit from this product |
Frequently Asked Questions
Is Costco pet insurance the same as Figo?
Yes — Costco pet insurance is a Figo Pet Insurance policy sold to Costco members at group rates. The coverage terms, exclusions, waiting periods, and claims process are completely identical. The only difference is the pricing: Costco members receive 10–15% below Figo's individual market rates.
Is Costco pet insurance worth it?
For existing Costco members with one or more pets: yes. The member discount delivers $24–$180+/year in premium savings at no additional cost. For non-members, the discount doesn't justify joining Costco solely for pet insurance — enroll directly through Figo instead.
How do I get Costco pet insurance?
Log in to costco.com, go to Services → Insurance → Pet Insurance, and get a member quote. You must be an active Costco Gold Star or Executive member. Compare the member quote against Figo's direct pricing to confirm your discount before enrolling.