MetLife Pet Insurance vs. Costco Pet Insurance

We know your pet is family, and finding the right insurance coverage matters. But comparing providers can take time.

To make things easier, we’ve broken down some key differences between MetLife Pet Insurance and the pet insurance you can get through Costco Wholesale^®1. Read on to see how our coverage compares and find the best fit for your pet.

Costco’s Partnership With Figo

Costco isn’t a pet insurance provider — the company partners with Figo to give its members access to Figo’s pet insurance plans at a discounted rate. Costco members who request a pet insurance quote from Costco’s website will be directed to Figo’s website and then given the option to sign up with Figo as their provider.²

As an added perk on top of Figo’s coverage, Costco Executive Members may qualify for Lost Pet Recovery serviced by 24Petwatch^®.^1,2,3

Check out our full MetLife Pet vs. Figo Pet Insurance comparison, where we break down coverage details. Or, keep reading for some of the highlights and differences that can help you in your research.

Reasons To Consider MetLife Pet Over Costco (Figo)

Having a plan that fits your needs is an essential part of choosing a pet insurance provider. Here are a few ways Figo’s policies³ might not stack up against MetLife Pet Insurance’s benefits.**

Exam Fee Coverage

Exam fee coverage is included in your Metlife Pet standard plan. With Figo, you must purchase their optional exam fee coverage add-on plan to get reimbursed for vet exams.³

Multi-Pet Plan

MetLife Pet’s Family Plan⁴ allows you to put up to three pets on one policy with a shared deductible and annual limit.^5,6 Figo only offers a discount when insuring multiple pets on individual plans.³

Supportive Coverage

MetLife Pet’s plan offers coverage for vet-prescribed food, lost pet advertising and rewards, grief counseling⁷, and parasite illness treatments — things that aren’t offered by Figo or need to be added.³

Other Ways MetLife Pet Takes Care of Our Pack

When purchasing pet insurance, you likely want to know it’s the right one. Some of the ways we deliver real value to pets and their families include:

A wide range of deductibles: MetLife Pet offers customizable deductibles from $0 – $2,500.⁵ Figo’s range isn’t as flexible, with deductibles from $100 – $1,500.³
Preventive Care: Add our optional Preventive Care plan to your policy and get reimbursed for routine and wellness expenses, up to your selected benefit limit.
Virtually instant benefits: Accidents and Preventive Care benefits have a 0-day waiting period with MetLife Pet’s standard plan.
Policy discounts: MetLife Pet offers various discounts to eligible policyholders that can reduce your premium, as well as a deductible discount.^8,9

If you’re still searching for pet insurance, see how we compare to other providers.

Get the Award-Winning¹⁰ Coverage Your Pets Deserve

MetLife Pet has more than 15 years of experience insuring pets nationwide. We work hard to provide plans that can help you get the vet care your pet needs.

Just ask pet parents of Buffy, a 6-year-old cat. She was always so playful and energetic until she started throwing up often, acting lethargic, and wouldn’t eat much. Buffy’s parents took her to the vet. After an exam, X-rays, and blood tests, the vet diagnosed Buffy with lymphoma. The vet visit, diagnostics, and initial supportive care cost nearly $10,100.¹¹

MetLife Pet covered $9,100 of the $10,100 bill.¹¹ Get coverage, like Buffy’s family did, for your pets. Learn more about how MetLife Pet compares to Figo, or take the next step and get a free, personalized quote for a MetLife Pet plan now.

Coverage is subject to the language of the policies as actually issued. This comparison or description of Figo’s policy(ies) was not furnished by Figo. It was prepared solely by MetLife Pet Insurance based publicly available summary information about competitors' offerings and highlights selected coverages of the policies referenced as of February 2026 and is subject to change without notice. It may not be completely accurate and should not be the sole source of information relied upon in deciding which insurance coverage to purchase. To receive the latest information about other providers' available plans, please visit their website. If you have questions regarding the illustration or about a particular competitor’s policy or coverage, please contact a representative of Figo. Referenced publicly- available material for Figo sample plan. For completely reliable benefit comparisons, insurance departments (including North Dakota’s) advise that you obtain the benefit schedules directly from each applicable insurance company.

**As with any insurance policy, coverage may vary. Learn how MetLife Pet Insurance works and review our coverage and exclusions.

¹ MetLife Pet Insurance is not authorized, endorsed, or sponsored by the respective owners of any third-party marks.

² “Remember Pet Insurance,” Costco Wholesale^®, https://www.costco.com/pet-insurance.html, last accessed February 2026

³ Based on a Figo sample plan, retrieved from https://figopetinsurance.com/state-documents-and-sample-policies and information found across the Figo website. Last accessed February 2026

⁴ Coverage options may be limited for certain ages.

⁵ Deductible options range include: $0 – $750 in $50 increments and $1,000, $1,250, $1,500, $2,000 and $2,500. Restrictions apply.

⁶ Annual limit options range from $500 – $25,000 in $1,000 increments or unlimited benefit option also available. Restrictions apply.

⁷ Grief Counseling services are provided through an agreement with TELUS Health, an unaffiliated third-party service provider. Grief counseling services provided by TELUS Health are separate and apart from the insurance provided by MetLife. Not available in all states.

⁸ When combining discounts, restrictions apply. Must be eligible for applicable discounts. Each discount may not be available in all states.

⁹ Your policy deductible decreases by $50 each policy year that you don’t receive a claim reimbursement. Deductible reverts on renewal if claim reimbursement for claims other than preventive care have been made. Restrictions apply.

¹⁰ “2025 Pet Insurance of the Year Award” Winners, Pet Independent Innovation Awards

¹¹ All claims paid amounts are based on MetLife Pet internal claims data from December 2023. This example is for illustrative purposes only. This is based on a policy with a $250 deductible and 90% reimbursement. The pet policy issued by Metropolitan General Insurance Company is the governing document with respect to all matters of insurance. The specific facts of each claim must be evaluated in conjunction with the provisions of the applicable Policy to determine coverage in each individual case.

¹² Reimbursement options include: 50%, 70%, 80% and 90%. Restrictions apply.

Pet Insurance coverage issued by Metropolitan General Insurance Company, a Rhode Island insurance company, headquartered at 700 Quaker Lane, Warwick, RI 02886. Coverage subject to restrictions, exclusions and limitations and application is subject to underwriting. See policy or contact MetLife Pet Insurance Solutions LLC (“MetLife Pet”) for details. MetLife Pet is the policy administrator. It may operate under an alternate or fictitious name in certain jurisdictions, including MetLife Pet Insurance Services LLC (New York and Minnesota), and MetLife Pet Insurance Solutions Agency LLC (Illinois).

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MetLife Pet Insurance vs. Pet Insurance Through Costco

Costco’s Partnership With Figo