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Costco insurance in Canada: who provides it and how to compare

Costco doesn't insure you itself: it partners with Inova (an auto and home insurance broker), Manulife (term life, health and dental, and travel insurance) and Pets Plus Us (pet insurance). The member angle is access and, for pets, preferred rates; you still need to compare quotes.

Checked against Costco and its partners on Oct 1, 2026.

Who provides Costco insurance in Canada?

InsurancePartnerWhat Costco says
Auto and homeInovaA broker program, so you can compare multiple quotes
Term lifeManulifeFlexible coverage options
Health and dentalManulifeCovers costs public health care may not
TravelManulifeEmergency medical outside your province or Canada
PetPets Plus UsPreferred rates and a complimentary first month

Is Costco insurance cheaper?

Not automatically. Inova is a broker, so the benefit is getting several quotes at once. Compare at least one quote outside the program, and compare deductibles and coverage limits, not only the premium.

What insurance comes with the Costco Mastercard?

The CIBC Costco Mastercard includes mobile device insurance of up to $1,000, purchase security and extended warranty coverage. Check CIBC's certificate for the details before you rely on it.

Frequently asked questions

Who is Costco's home and auto insurance provider in Canada?

Inova, an insurance broker, so members can compare multiple quotes.

Does Costco offer pet insurance in Canada?

Yes, through Pets Plus Us, with preferred rates and a complimentary first month for members.

Does the CIBC Costco Mastercard include phone insurance?

Yes, mobile device insurance of up to $1,000.

Sources

Services and terms vary by province and warehouse, and change. Confirm with Costco or the partner before you buy.

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