Costco Pet Insurance Reviews: The Ultimate Guide to Finding the Perfect Plan for Your Beloved Pets

Costco Pet Insurance Reviews.

Costco has teamed up with Figo Pet Insurance to provide members with discounted comprehensive coverage.

Figo’s plan offers benefits like round-the-clock access to professional veterinary advice and premium customer service support via phone, email, text, or chat.

Additionally, members gain access to Figo’s Pet Cloud, a platform designed to streamline the organization of digital medical records, vaccinations, and appointment schedules for their pets.

Furthermore, in addition to pet insurance, members can leverage Kirkland Signature pet food and pet medications available at the Costco pharmacy.

In this article, we’ll delve into the advantages and drawbacks of Costco Pet Insurance, examine its plans and coverage options, outline exclusions, discuss coverage levels, offer tips for saving on premiums, provide guidance on cancelation procedures, identify suitable candidates for Costco Pet Insurance, and explain the process of purchasing pet insurance from Costco.

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Pros and Cons Of Costco Pet Insurance

Pros and Cons Of Costco Pet Insurance



  • Costco Members Save 15% On Pet Insurance

New Figo pet insurance policyholders enjoy a 15% discount on coverage when they are Costco Gold Star or Business members.

Furthermore, Executive membership eliminates the $15 enrollment fee.

  • One-Day Waiting Period For Accidents

Costco pet insurance provides accident coverage with one of the briefest waiting periods available, just one day for injuries.

  • 100% Reimbursement Available

Costco offers a unique rarity in pet insurance with Figo, providing a 100% reimbursement level option.

  • Free Perks

Figo provides additional complimentary perks, such as access to its Pet Cloud application.

Through this platform, you can submit claims, locate dog walkers nearby, and receive round-the-clock expert guidance from accredited veterinarians.

  • Diminishing Deductible

For every policy year in which you refrain from filing a claim, Figo will reduce your annual deductible by $50.


  • Vet Exam Fee Coverage Costs Extra

Costco pet insurance excludes coverage for veterinary exam fees related to accidents and illnesses unless you opt for additional add-on coverage at an extra cost.

  • Six-Month Orthopedic Condition Waiting Period

Owners of dogs with orthopedic conditions typically face a six-month waiting period before coverage kicks in.

However, Figo offers to bypass this waiting period if your dog undergoes a healthy orthopedic examination conducted by a licensed veterinarian within 30 days of the policy’s commencement.

  • No Accident-Only Coverage

Costco pet insurance exclusively offers comprehensive coverage, including protection against accidents and sickness, rather than providing a cheaper accident-only option favored by some pet owners.

What Are Costco Pet Insurance’s Plans and Coverage?

Costco’s pet insurance, provided by Figo, encompasses both accident and illness coverage, which is the predominant type of plan available.

These comprehensive plans cater to a broad spectrum of issues, unlike accident-only plans.

Notably, Costco does not provide accident-only coverage options.

  • Pet Accident and Illness Insurance

Pet Accident and Illness Insurance


Costco’s pet insurance offered by Figo provides comprehensive coverage for accidents and illnesses, including:

  1. Chronic conditions such as allergies.
  2. Dental injuries and illnesses.
  3. Emergencies and hospitalizations.
  4. Hereditary and congenital conditions.
  5. Hip dysplasia.
  6. Imaging.
  7. Knee conditions.
  8. Prescription medications.
  9. Prosthetics and orthopedics
  10. Surgeries.
  11. Veterinary specialists.
  • Pet Insurance Add-Ons

You have the option to enrich your Costco pet insurance by selecting from a range of coverage enhancements known as “Powerups” by Figo.

These Powerups can be added or removed during policy renewal.

Below are some of the coverage add-ons available for selection.

Wellness Powerup

Costco’s wellness extension aids in covering expenses related to maintaining your pet’s health, including:

  1. Routine check-ups.
  2. Vaccinations.
  3. Deworming.
  4. Microchipping.

Veterinary Exam Fees Powerup

This benefit includes coverage for the expenses related to examination and consultation fees associated with a new illness or injury.

Extra Care Pack Powerup

The Extra Care Pack provides an array of supplementary coverage choices, such as:

  1. Advertising and rewards for lost or stolen pets.
  2. Burial and cremation expenses up to $250.
  3. Boarding expenses if you are hospitalized.
  4. Trip cancellation coverage if you cancel your trip because your pet requires emergency care.
  5. Property damage liability coverages if your pet damages someone’s property (up to $10,000 and may be subject to a different deductible).

What Costco Pet Insurance Doesn’t Cover

What Costco Pet Insurance Doesn’t Cover


While the Costco pet insurance plan by Figo provides extensive coverage, there are certain exclusions it does not encompass.

These exclusions are standard across various other pet insurance policies as well.

  1. Spaying or neutering.
  2. Experimental procedures.
  3. Cosmetic surgeries such as ear docking.
  4. Cloned pets or cloning procedures.
  5. Pre-existing conditions.
  6. Breeding, pregnancy, or giving birth.

What Are Costco Pet Insurance Waiting Periods For Coverage?

When purchasing pet insurance from Costco, there are three waiting periods you must observe before your coverage starts reimbursing veterinary expenses.

Condition Waiting Period
Accidents One day
Illnesses 14 days
Orthopedic Conditions Six months


Despite the industry standard typically being a 14-day waiting period for illnesses, Costco’s one-day waiting period stands out as competitive.

In contrast, ASPCA pet health insurance, Nationwide pet insurance, and TrustedPals all impose 14-day waiting periods for accidents.

Although Costco pet insurance imposes an extended waiting period for orthopedic conditions, this can be waived by obtaining an orthopedic waiver signed by a licensed veterinarian within the initial 30 days of policy issuance.

What Are Costco Pet Insurance Coverage Levels?

  • Maximum Annual Limit Options

Several pet insurance providers impose a coverage ceiling on your pet’s policy, restricting the maximum sum they’ll refund you within a year.

Costco’s pet insurance offers three choices for coverage limits.

  1. Five thousand dollars.
  2. Ten thousand dollars.
  3. Unlimited.
  • Deductible Options

The amount you pay upfront before your insurance starts covering any of the veterinary expenses is referred to as the deductible.

Costco pet insurance provides the following deductible choices:

  1. One hundred dollars.
  2. Two hundred and fifty dollars.
  3. Five hundred dollars.
  4. Seven hundred and fifty dollars.
  5. One thousand dollars.
  6. One thousand five hundred dollars.
  • Reimbursement Options

The reimbursement level denotes the percentage of your veterinary expenses that your insurance provider will pay after you’ve fulfilled your deductible.

Costco pet insurance offers various options for reimbursement.

  1. Seventy percent.
  2. Eighty percent.
  3. Ninety percent.
  4. One hundred percent.

How Much Does Pet Insurance from Costco Cost?

According to a pet insurance cost analysis by Forbes Advisor, the average monthly premium for Costco’s Figo pet insurance is $38.

This rate provides $5,000 in annual coverage, with a $250 deductible and an 80% reimbursement level.

For those opting for unlimited coverage, the average monthly premium is $59, also with a $250 deductible and an 80% reimbursement level.

  • Examples Of Costco Pet Insurance Cost by Breed

Dog breed Average cost per month
Beagle $40
Bulldog $74
Dachshund $24
French bulldog $63
German shepherd $45
Golden retriever $40
Labrador retriever $45
Mixed breed (large) $35
Mixed breed (medium) $31
Mixed breed (small) $26
Poodle $35
Rottweiler $73
Source: Costs are based on $5,000 in annual coverage with a $250 deductible and 80% reimbursement level.


  • Costco Pet Insurance Cost Comparison For Cats

Cat breed Average cost per month
Abyssinian $21
Bengal $21
Bombay $21
British shorthair $21
Exotic shorthair $21
Maine coon $21
Mixed breed $18
Persian $21
Ragdoll $21
Siamese $21
Source: Costs are based on $5,000 in annual coverage with a $250 deductible and 80% reimbursement level.


Costco Pet Insurance Availability

Costco pet insurance through Figo is accessible across all 50 states.

How To Save Money On Costco Pet Insurance

Costco members who opt for pet insurance through Figo can enjoy exclusive discounts.

Gold Star and Business members are entitled to a 15% discount on pet insurance, while Executive and Business Executive members not only receive a 15% discount but also have the $15 enrollment fee waived.

Additionally, Figo provides a multi-pet discount of 5% for those who insure more than one dog or cat.

How To Cancel Costco Pet Insurance

To terminate a Costco pet insurance policy administered by Figo, submit a written cancellation request via email to

Alternatively, you can reach Figo by phone at (844) 738-3446.

Costco’s partnership with Figo for pet insurance presents a promising choice for Costco members, offering a 15% discount on premiums, as stated on the official Costco website.

This option gains further appeal for those insuring older pets, as Figo doesn’t enforce age restrictions for dogs or cats.

Moreover, Figo stands out with shorter waiting periods for injuries (1 day) and illnesses (14 days) compared to numerous competitors.

Costco members have the convenience of purchasing pet insurance through various channels such as phone, text, or online.

Instant quote options are available, allowing customers to swiftly proceed with a plan they prefer.

To obtain a quote, customers must provide essential details about their pet, including name, age, species, and zip code, along with an email address for login credentials.

Upon submission, customers are presented with three plan options featuring varied deductibles and reimbursement amounts.

Additionally, they have the flexibility to tailor their plan by choosing an annual limit, deductible, and reimbursement amount.

Supplemental wellness coverage can be included for an extra monthly fee and for multiple pets, each pet requires a separate policy.

Personal information, including first and last name, home address, mobile number, and payment details, must be provided for enrollment.

Additional pet owners can be added for account access or claim submission purposes.

Lastly, customers finalize their enrollment by providing payment information and selecting their preferred billing cycle—monthly or annually, with billing managed by Figo.

Costco members who own pets might find value in the pet insurance discount program.

Figo secured the 8th position in our ranking of top pet insurance companies.

Its adaptable plans, brief waiting periods, diverse contact methods such as live chat and text, absence of caps on per-incident claims, and opportunities for deductible reductions over time render it an excellent choice for loyal customers.

Final Thoughts

Costco’s partnership with Figo Pet Insurance provides members with discounted comprehensive coverage.

This includes 24/7 access to veterinary advice, a user-friendly Pet Cloud platform for managing pet records, and access to Kirkland Signature pet products.

Benefits include a one-day waiting period for accidents and 100% reimbursement options.

However, there are extra costs for vet exam fees and waiting periods for specific conditions.

Despite limitations, Costco Pet Insurance offers compelling coverage options for pet owners, especially with Costco member discounts.

Frequently Asked Questions (FAQs)

  • Does Costco pet insurance work with any vet?

Yes, you have the option to file a claim on your Costco pet insurance for treatment rendered by any licensed veterinarian globally, encompassing specialists and emergency veterinary services.

  • Is Costco a good insurance company for pets?

Costco offers pet insurance through Figo, which received a commendable 4 out of 5 stars in our assessment of best pet insurance companies.

Figo’s insurance plan presents an array of coverage choices to accommodate various budgets.

With just a brief one-day waiting period for accident coverage, it boasts one of the shortest waiting periods compared to other leading competitors.

Additionally, you can opt to include a wellness plan for preventive care and gain access to a 24/7 pet telehealth line.

  • Can I add multiple pets to my Costco pet insurance policy?

With Costco pet insurance through Figo, you can insure multiple pets, but each one requires its policy.

You have the flexibility to tailor coverage levels for individual pets and conveniently manage multiple policies within a single account.

Figo’s pet insurance is exclusively available for cats and dogs.

Additionally, the Costco plan offers a 5% multipet discount through Figo pet insurance.

  • What is the waiting period for Costco pet insurance?

Costco’s pet insurance, managed by Figo, features a one-day waiting period for injuries and a 14-day waiting period for illnesses.

Additionally, there’s a six-month waiting period specifically for orthopedic conditions in dogs, which can be waived if your dog undergoes a healthy orthopedic examination within 30 days of the policy becoming effective.

ALSO READ: Walmart Pet Insurance Reviews Unleashed: A Comprehensive Guide to Canine and Feline Coverage

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