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Alfa vs. Pekin Insurance
Which insurance provider is right for you? Compare cost, pros & cons and quotes from Alfa and Pekin.
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Alfa vs. Pekin: What You Need to Know
In 1946 John Tucker Harris, President of the Lee County Farm Association and respected farmer in Alabama, founded Alfa as the product of the Alabama Farmers Federation. He wanted to offer superior fire insurance to federation members, who were mainly farmers. Today, Alfa is a much larger enterprise and offers more than just fire insurance. They offer coverages to over 1 million customers in 11 states: Alabama, Mississippi, Georgia, Texas, Missouri, Indiana, Ohio, Virginia, Tennessee, Arkansas, Kentucky, Florida, and North Carolina. It is still affiliated with Alabama Farmers. Alfa’s vision for the future is to focus on technology to enhance productivity and better serve customers. The company also plans to invest heavily in product and geographic expansion.
In 1921, a group of farmers, all members of the Tazewell County Farm Bureau, formed an organization to make automobile insurance more affordable. The organization was called The Farmers Automobile Insurance Association. The first Pekin Insurance office was located in the Tazewell County Courthouse, a space donated by the County Board Supervisors. With 187 policies, the six-month premium was $5 for glass, fire, lightning, windstorm, full-coverage collision, property damage and bodily injury. All cars were charged the same premium. In 1932, they added 24-hour claim service. They adopted the telephone number #1334 for claims service. By 1939, Pekin had 20,000 policies and by 1945, 30,000. In 1952, they added fire insurance and in 1960, Inland Marine coverage. In 1966, the company moved into its new and current home office on Court Street and they now have 8 service offices in six states: Arizona, Illinois, Indiana, Iowa, Ohio, and Wisconsin. Pekin Life Insurance Company, which was established in 1969, also offers products in Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, Nebraska, Pennsylvania and Virginia. They began selling group health insurance in 1970 and pre-need insurance in 1993. In 2010, they adopted a new slogan, Beyond the expected®. In 2011, they created a unit called Group Plan Solutions for businesses. Today Pekin Insurance has over 900,000 policyholders and more than 8,500 independent agents.
Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit ALFA Overview and Pekin Insurance Overview.
ALFA vs. Pekin Insurance: How much are the Average Rates?
Below is a list of the average rates that drivers typically pay with ALFA and Pekin Insurance. On average, ALFA charges approximately $170.82 per month while Pekin Insurance comes in at around $63.45 per month. For ALFA, the cheapest state average is at $0.00 per month and the most expensive is at $0.00 per month. For Pekin Insurance, the cheapest state average is Illinois at $60.42 per month and the most expensive is Illinois at $60.42 per month.
Average Rate
Average Rate
Average Rate
| State | ALFA | Pekin Insurance |
|---|---|---|
| Illinois | - | $60.42 |
ALFA vs. Pekin Insurance: Rates by Number of Vehicle
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that ALFA and Pekin Insurance typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | ALFA | Pekin Insurance |
|---|---|---|
| 1 Vehicle | $ | $63.07 |
ALFA vs. Pekin Insurance: Rates by Homeownership
What Are Alfa and Pekin Insurance's Ratings?
Pekin was founded in 1921 followed by Alfa Insurance 25 years later in 1946. Alfa Insurance makes a great effort to satisfy consumers with ease in filing claims and getting claims paid. Both of their financial strength scores the same Excellent rating. Let SmartFinancial help you find the right auto insurance. Compare car insurance quotes today!
| Comparison | Alfa | Pekin |
|---|---|---|
| Year Founded | 1946 | 1921 |
| Market Share | 0.12% | |
| BBB Rating | C- | |
| Financial Strength | Excellent | Excellent |
| NAIC Complaint Ratio | 0.82 |
Alfa or Pekin: Insurance Products Offered
There are some similar insurance coverages Alfa and Pekin offer to consumers including Auto, Health, Life, Mobile/Home, Business, Renters and Flood insurance. Alfa Insurance offers extra coverage in Life insurance including Term, Permanent and Flexible Universal. Get to know more about Alfa and Pekin insurance options and save on insurance premiums.
| Insurance | Alfa | Pekin |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Boat Insurance | ✔ | ✔ |
| Business Insurance | ✔ | ✔ |
| Church Insurance | ✔ | |
| Condo Insurance | ✔ | ✔ |
| Dental Insurance | ✔ | |
| Farm Coverage | ✔ | |
| Farm Insurance | ✔ | |
| Universal Life | ✔ | ✔ |
| Flood Insurance | ✔ | ✔ |
| Health Insurance | ✔ | ✔ |
| High-Risk Auto Insurance | ✔ | ✔ |
| Home Insurance | ✔ | ✔ |
| Life Insurance | ✔ | ✔ |
| Mobile Home Insurance | ✔ | ✔ |
| Motorcycle Insurance | ✔ | |
| Life Insurance | ✔ | ✔ |
| Recreational Vehicle Insurance | ✔ | |
| Renters Insurance | ✔ | ✔ |
| Umbrella Insurance | ✔ | ✔ |
| Watercraft Insurance | ✔ | ✔ |
Alfa or Pekin: Ways To Save
Pekin and Alfa Insurance have a variety of insurance coverage. They recognize good drivers and offer some cost-savings to policyholders, like the Defensive Driver Discounts or Good Student Discounts. Pekin and Alfa Insurance have discounts that could save you hundreds on monthly insurance costs. Learn more about the savings they offer and see the difference. Lower your insurance premiums today!
| Alfa | Pekin |
|---|---|
| Airbags Discount | Advance Issue |
| Burglar Alarm Discount | Anti-Theft Device |
| Claims-Free Discount | Auto/Home Bundle |
| Defensive Driver Discount | Defensive Driver (Not Available in Indiana) |
| Driver Education | EFT |
| Driver Training Discounts | Good Student |
| Good Student Discount | Hybrid Auto |
| Home and Auto Bundle Discount | Mandatory Seatbelt (Only Available in Iowa) |
| Homeowner Discount | Multi-Car |
| Multi-Car Discount | Paid-in-Full |
| Multi-Policy Discount | Safety Equipment (Only Available in Ohio) |
| Smoke Alarm Discount | Tenure |
| Teacher Discount | |
| Youth Defensive Driver Test | |
| Youth Safety Test |
Pros & Cons of Alfa & Pekin
Pros
Alfa
- Very low customer complaints.
- Excellent financial strength means reliability in getting claims paid.
- It’s easy to report a claim - the company has a 24/7/365 service available and you can start the claim process through phone, online, fax or mail.
Pekin
- High financial strength ratings by A.M. Best.
- Lots of supplemental or “add on” insurance options.
Cons
Alfa
- Alfa Insurance is only available in Alabama, Mississippi, Georgia, Texas, Missouri, Indiana, Ohio, Virginia, Tennessee, Arkansas, Kentucky, Florida, and North Carolina. It is still affiliated with Alabama Farmers.
Pekin
- A high number of negative reviews.
- Confusing website.
- It only serves these states: Alabama, Arizona, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Ohio, Pennsylvania, Tennessee, Texas, Virginia, Wisconsin.
Alfa or Pekin Mobile Apps Options
Alfa2Go® Mobile App is available for iOS and Android. This mobile app allows you to manage your policies, pay your bill, report a claim, view your ID card and take advantage of exclusive member benefits (Alabama only).
Not rated. Pekin only has an Insurance Events app on Google Play, which is intended to help you with schedules, dining information, maps and more.
| Alfa Mobile App | ||
|---|---|---|
| iOS | 4.7 | 1.9 user reviews |
| Android | 3.7 | 251 user reviews |
| Pekin Mobile App | ||
|---|---|---|
| Pekin does not currently have an insurance-related mobile app. | ||
Alfa & Pekin Contact Info
| Alfa Contact Info | |
|---|---|
| Address | P.O. Box 11000, Montgomery, AL 36191-0001 |
| Phone | 1-800-964-2532 |
| Website | https://www.alfainsurance.com/ |
| https://www.facebook.com/AlfaInsurance | |
| Youtube | https://www.youtube.com/user/AlfaInsurance |
| https://twitter.com/Alfa_Insurance | |
| Pekin Contact Info | |
|---|---|
| Address | 2505 Court St, Pekin, IL 61558 |
| Phone | 1-800-322-0160 |
| Website | https://www.pekininsurance.com/ |
| https://www.facebook.com/PekinInsurance/ | |
| Youtube | https://www.youtube.com/user/PekinInsurance |
| https://twitter.com/pekininsurance | |
| https://www.linkedin.com/company/pekin-insurance/ | |
Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
Fran Majidi manages content on SmartFinancial's website. She's had nearly a decade's worth of experience writing about insurance-related topics. Prior, she was an arts and entertainment editor in New York City. She has a B.A. from Barnard College and an M.F.A. in writing from The New School. She writes books under her given name, Afarin Majidi.
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