Costco Pet Insurance: A Comprehensive Review
Costco members looking for pet insurance have a compelling option through a partnership with Figo. This review dives deep into the benefits, drawbacks, coverage details, and costs of Costco pet insurance, helping you decide if it’s the right fit for your needs.
Costco partners with Figo to offer pet insurance, providing a 15% discount to members.
NerdWallet’s Verdict
NerdWallet gives Costco’s pet insurance a solid rating of 4.5 out of 5 stars. This score is based on:
- Coverage Options
- Customer Experience
- Financial Strength
- Discounts
Key Highlights
- Discount: Costco members receive a 15% discount on Figo’s standard rates.
- Coverage: Plans cover accidents and illnesses, including hereditary and congenital conditions, dental illnesses, and holistic treatments.
- Reimbursement: Offers reimbursement rates of 70%, 80%, 90%, or even 100% after your deductible is met.
- Annual Maximum Coverage: Unlimited.
Pros and Cons
Pros:
- Costco members enjoy a 15% discount.
- Up to 100% reimbursement is possible.
- Figo’s Pet Cloud app offers convenient features.
Cons:
- Exam fees are not automatically covered; this is an optional add-on.
Bottom Line:
Costco pet insurance, provided by Figo, presents a competitive option with comprehensive coverage and a member discount. If you’re already a Costco member or considering joining, it’s definitely worth exploring.
About Costco Pet Insurance
Costco partners with Figo, offering a 15% discount to members. Figo’s plans include coverage for various conditions, such as hereditary and congenital conditions, dental illnesses, and surgery. Optional add-ons are available for things like exam fees and preventative care.
Costco Pet Insurance Plans and Coverage
Figo provides an accident and illness plan with optional “Powerups.”
Accident and illness coverage includes:
- Hospitalization, medication, and surgery for both accidental injuries and illnesses, including cancer, chronic conditions, and hereditary/congenital issues
- Lab and diagnostic tests
- Rehabilitative, holistic, and alternative treatments
- Mobility devices
- Non-routine dental treatment
- Euthanasia
Optional Powerups may include:
- A wellness Powerup, covering annual checkups, vaccinations, routine tests, spay/neuter surgery, dental cleaning, microchipping or health certificates, and deworming.
- A Veterinary Exam Fees Powerup, to help cover sick exam fees and prescription food costs.
What isn’t covered:
- Pre-existing conditions (unless curable and symptom-free for 12 months)
- Experimental procedures
- Cosmetic surgery
- Cloned pets or cloning procedures
- Breeding or giving birth expenses
- Treatments not recommended by your vet
- Supplements and vitamins
- Conditions resulting from deliberate injury, neglect, organized fighting, or commercial activities
Costco Plan Options
Deductibles: Annual deductibles range from $100 to $1,500.
- Your deductible may decrease by $50 for each year your pet remains healthy and you file no claims.
- The deductible resets upon filing a claim.
Reimbursement Amounts: You can select a reimbursement rate of 70%, 80%, 90%, or 100%.
- In most areas, Figo applies the reimbursement rate to the total vet bill, then subtracts the deductible. For example: an $1,500 bill with a $500 deductible and 80% reimbursement would yield a reimbursement of $700.
Coverage Limits: You have the choice of annual coverage limits: $5,000, $10,000, or unlimited.
Sample Rates
Rates depend on pet breed, age, and location.
Here are sample rates for common dog and cat breeds in Katy, Texas, factoring in the Costco member discount:
- Dogs (Accident & Illness, $250 deductible, $5,000 annual limit, 80% reimbursement): French Bulldog: $52 (age 2), $122 (age 8) / German Shepherd: $34 (age 2), $80 (age 8) / Golden Retriever: $33 (age 2), $78 (age 8) / Labrador Retriever: $36 (age 2), $84 (age 8) / Medium Mixed-Breed: $25 (age 2), $60 (age 8) / Poodle: $30 (age 2), $70 (age 8).
- Cats: Devon Rex: $17 (age 2), $35 (age 8) / Exotic Longhair: $17 (age 2), $35 (age 8) / Maine Coon: $15 (age 2), $31 (age 8) / Mixed-Breed Cat: $12 (age 2), $24 (age 8) / Persian: $12 (age 2), $25 (age 8) / Ragdoll: $12 (age 2), $25 (age 8).
Discounts
Costco members receive a 15% discount. Additional discounts may be available for multi-pet policies or military members, but availability can vary by state.
State Availability
Figo operates in all 50 states and Washington, D.C.
Consumer Experience
- Website: The Costco website offers some basic information, but you’ll be directed to the Figo website to obtain quotes or manage your policy.
- App: Costco members gain access to the Figo Pet Cloud app, enabling claim submissions, 24/7 vet chat, and storage for medical records. The app also enables pet owner connections and searches for local services.
- Claims: Claims are submitted via the Pet Cloud, with a typical processing time of less than three business days, as stated by Figo.
- Customer Service: A dedicated customer service line is available for Costco members at 844-200-2607 (Monday-Saturday), or contact through email ([email protected]), text (844-262-8133) or live chat.
Getting a Quote
To secure the Costco discount, start on Costco’s website and click the “get a quote” button. You’ll then be directed to Figo’s website. Enter your pet’s details, and you can select custom policy options. The next screen will ask for your payment details along with your Costco membership information.
Costco Pet Insurance vs. Competitors
Here is how Costco pet insurance stacks up against the competition:
Frequently Asked Questions
Does Costco have pet insurance?
Yes, Costco offers pet insurance through Figo.
How much is Costco pet insurance?
Sample monthly premiums range from $25-$122 for dogs and $12-$35 for cats, incorporating the Costco member discount.
Is Costco pet insurance good?
NerdWallet gives Costco’s partner, Figo, a 4.5-star rating.
