Costco Travel Insurance Canada: A Comprehensive Comparison

Costco has long been a trusted and popular choice among Canadian shoppers for its extensive range of products and services. One lesser-known service Costco offers is travel insurance, providing coverage for various aspects of your trip. In this article, we will explore Costco travel insurance in Canada and compare it to other providers to help you make an informed decision before your next adventure.

What is Costco Travel Insurance?

Costco Travel Insurance is offered through a partnership with Ingle International, a well-established insurance company. Costco members can benefit from comprehensive travel insurance coverage, including trip cancellation, trip interruption, baggage loss, and medical emergency protection. The policy is designed to cover Canadians travelling both domestically and internationally.

Key Features of Costco Travel Insurance Canada

  1. Flexibility: Costco travel insurance offers customizable plans, allowing you to choose the coverage levels that best suit your needs. You can select single or multi-trip policies and add optional coverage such as rental car collision and adventure sports protection.
  2. Medical Emergency Coverage: Costco travel insurance provides up to $10 million in emergency medical coverage, including hospitalization, physician fees, ambulance services, and prescription medications. This is a significant amount of coverage compared to other providers, ensuring you’re well protected in case of a medical emergency.
  3. Trip Cancellation and Interruption: Costco travel insurance offers coverage for trip cancellation and interruption, reimbursing you for non-refundable pre-paid travel expenses if your trip is cancelled or interrupted due to a covered reason, such as illness or death of a family member.
  4. Baggage Loss and Delay: If your luggage is lost, stolen, or damaged during your trip, Costco travel insurance provides coverage for the replacement or repair of your belongings. Additionally, if your baggage is delayed, the policy covers the cost of purchasing essential items until your luggage arrives.
  5. 24/7 Assistance: Costco travel insurance policyholders have access to 24/7 emergency assistance, providing support and guidance during travel emergencies.

How Does Costco Travel Insurance Compare to Other Providers?

Costco Travel Insurance

To provide a fair comparison, let’s look at the offerings of a few other travel insurance providers in Canada:

  1. RBC Travel Insurance: RBC offers a comprehensive range of travel insurance policies, including emergency medical, trip cancellation, and baggage insurance. However, RBC’s medical coverage is capped at $5 million, compared to Costco’s $10 million. RBC also offers a 10% discount for existing RBC clients.
  2. TD Travel Insurance: TD offers various travel insurance plans, including medical, trip cancellation, and baggage coverage. TD’s medical coverage is also capped at $5 million. However, TD provides additional benefits such as coverage for pre-existing medical conditions and an annual multi-trip plan for frequent travellers.
  3. CAA Travel Insurance: CAA offers travel insurance policies covering emergency medical, trip cancellation, and interruption, as well as baggage protection. CAA’s medical coverage is capped at $5 million, but they offer additional benefits, such as coverage for pre-existing medical conditions, a family plan, and a 10% discount for CAA members.

When comparing Costco travel insurance to these providers, it’s evident that Costco offers a higher medical coverage limit. However, other providers may offer additional benefits or discounts for their existing clients or members.

Costco Travel Insurance advantages

Pros and Cons of Costco Travel Insurance


  • High medical coverage limit of $10 million
  • Customizable plans for single or multi-trip policies
  • Optional coverage add-ons for rental car collision and adventure sports
  • 24/7 emergency assistance


  • Limited discounts or incentives for existing Costco members
  • No specific coverage for pre-existing medical conditions
  • Not available to non-Costco members


Costco travel insurance offers comprehensive coverage, particularly when it comes to medical emergencies. The high coverage limit of $10 million sets it apart from other providers. However, other providers may offer additional benefits or discounts that might make their policies more attractive for certain travellers.

Ultimately, the best travel insurance policy for you depends on your specific needs and preferences. It’s essential to compare policies, read the fine print, and understand the coverage levels before making a decision. By doing so, you’ll be well-prepared for your next adventure, knowing you have reliable travel insurance protection in place.

Understanding the Costco Citi Card:

The Costco Citi Card is a credit card available exclusively to Costco members. Along with various shopping and cashback benefits, this card also provides travel insurance coverage, adding an extra layer of protection during your journeys. Let’s take a closer look at the travel insurance features offered by the Costco Citi Card:

  1. Trip Cancellation and Interruption Coverage:
    The Costco Citi Card offers reimbursement for eligible expenses if your trip is canceled or interrupted due to covered reasons such as illness, injury, severe weather, or other unforeseen circumstances. It’s essential to familiarize yourself with the specific terms and limitations of this coverage, as they may vary.
  2. Travel Accident Insurance:
    This benefit provides coverage in the event of accidental loss of life, limb, or sight during your trip. The coverage amount varies depending on the circumstances and may include emergency medical and dental coverage as well.
  3. Baggage Delay and Lost Luggage Protection:
    If your baggage is delayed for a certain period or lost during your trip, the Costco Citi Card travel insurance can provide reimbursement for essential purchases such as clothing, toiletries, and other necessities.
  4. Emergency Medical and Dental Coverage:
    The Costco Citi Card travel insurance includes limited emergency medical and dental coverage for eligible expenses incurred while traveling. This coverage can be beneficial, especially if you’re visiting a destination where your regular health insurance may not apply.

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