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Alfa vs. Pemco Insurance
Which insurance provider is right for you? Compare ratings, coverage, and quotes from Alfa and Pemco.
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Alfa vs. Pemco: 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.
Pemco was founded in 1949 by Robert J. Handy, a Seattle journalism and math teacher. He had at first envisioned insuring teachers, who were members of the Seattle Teachers Credit Union which he founded in 1939 (it later became the School Employees Credit Union of Washington). He wanted to “create a financial institution with a heart.” Handy was also working for an insurance agency, which enabled him to sell auto insurance to educators who came to the credit union to secure car loans.
PEMCO is headquartered in Seattle, Washington and employs about 650 employees. Stan W. McNaughton is president and CEO. His father, Stanley O. McNaughton, served as PEMCO’s president from 1970 to 1998.
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 PEMCO Overview.
ALFA vs. PEMCO: How much are the Average Rates?
Below is a list of the average rates that drivers typically pay with ALFA and PEMCO. On average, ALFA charges approximately $159.06 per month while PEMCO comes in at around $99.60 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 PEMCO, the cheapest state average is Washington at $99.60 per month and the most expensive is Washington at $99.60 per month.
Average Rate
Average Rate
Average Rate
| State | ALFA | PEMCO |
|---|---|---|
| Washington | - | $99.60 |
ALFA vs. PEMCO: 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 PEMCO typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | ALFA | PEMCO |
|---|---|---|
| 1 Vehicle | $ | $100.23 |
ALFA vs. PEMCO: Rates by Homeownership
What Are Alfa and Pemco Insurance's Ratings?
Pemco 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 have the same Excellent rating. Let SmartFinancial help you find the right auto insurance. Compare car insurance quotes today!
| Comparison | Alfa | Pemco |
|---|---|---|
| Year Founded | 1946 | 1949 |
| Market Share | 0.12% | 0.38% |
| BBB Rating | A+ | |
| Financial Strength | Excellent | Excellent |
| JD Power | Among the Best | |
| NAIC Complaint Ratio | 0.82 |
Alfa or Pemco: Insurance Products Offered
There are some similar insurance coverages Alfa and Pemco offer to consumers including Auto, Home, Manufactured Home, Renters, Flood and Umbrella insurance. Alfa Insurance offers extra coverage in Life insurance including Term, Permanent and Flexible Universal. Get to know more about Alfa and Pemco insurance options and save on insurance premiums.
| Insurance | Alfa | Pemco |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Boat Insurance | ✔ | ✔ |
| Business Insurance | ✔ | |
| Church Insurance | ✔ | |
| Collector Vehicle Insurance | ✔ | |
| Condo Insurance | ✔ | ✔ |
| Dental Insurance | ✔ | |
| Earthquake Insurance | ✔ | |
| Farm Coverage | ✔ | |
| Farm Insurance | ✔ | |
| Flexible Universal Life | ✔ | |
| Flood Insurance | ✔ | ✔ |
| Health Insurance | ✔ | |
| Home Insurance | ✔ | ✔ |
| Life Insurance | ✔ | |
| Manufactured Home Insurance | ✔ | ✔ |
| Motorcycle And Scooter Insurance | ✔ | |
| Permanent Life Insurance | ✔ | |
| Renters Insurance | ✔ | ✔ |
| Term Life Insurance | ✔ | |
| Umbrella Insurance | ✔ | ✔ |
| Water & Sewer Line Insurance | ✔ | |
| Watercraft Insurance | ✔ | ✔ |
Alfa or Pemco: Ways to Save
Pemco and Alfa Insurance have a variety of insurance coverages. They recognize good drivers and offer some cost-savings to policyholders, like the Defensive Driver Discounts or Good Student Discounts. Pemco 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 | Pemco |
|---|---|
| Airbags Discount | Accident Forgiveness Benefit |
| Burglar Alarm Discount | Advance Purchase Discount (for new business) |
| Claims-free Discount | Auto Plus Home Discount |
| Defensive Driver Discount | Defensive Driver Discount |
| Driver Education | Distant Student Discount |
| Driver Training Discounts | Educator Discount |
| Good Student Discount | Good Student Discount |
| Home and Auto Bundle Discount | Homeownership Discount |
| Homeowner Discount | Life Insurance (only for members of the teacher’s credit union) |
| Multi-car Discount | Low Mileage Discount |
| Multi-policy Discount | Loyal Auto Customer Discount |
| Smoke Alarm Discount | Minor Ticket Forgiveness Benefit |
| Teacher Discount | New Vehicle Discount |
| Youth Defensive Driver Test | Paid in Full Discount |
| Youth Safety Test | Safety/Security Feature Discount |
| University of Washington Alumni Discount |
Pros & Cons of Alfa & Pemco
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.
Pemco
- PEMCO was ranked amongst the best by JD Power.
- Positive reviews from customers
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.
Pemco
Alfa or Pemco Mobile Apps Options
Alfa2Go® Mobile App is available for iOS and Android. This mobile app provides you access so you can manage your policies, pay bills, report claims, view your ID card and take advantage of exclusive member benefits (Alabama only).
The Go PEMCO app connects you to your PEMCO policy no matter where you are. You have access to vehicle insurance ID cards, your policy, and discounts. You can also make changes to your policy, view documents and bills and pay your bill. Local repair shops are listed for you too.
| Alfa Mobile App | ||
|---|---|---|
| iOS | 4.7 | 1.9 user reviews |
| Android | 3.7 | 251 user reviews |
| Pemco Mobile App | ||
|---|---|---|
| iOS | 3.6 | 5 user reviews |
| Android | 4.3 | 68 user reviews |
Alfa & Pemco 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 | |
| Pemco Contact Info | |
|---|---|
| Address | 1300 Dexter Avenue N. Seattle, WA 98109-3571 |
| Phone | 1 (800) 467-3626 |
| Website | https://pemco.com/ |
| https://www.facebook.com/PEMCOInsurance/ | |
| Youtube | https://www.youtube.com/channel/UChCRheGkktnLSRYpqBsEP8g |
| https://twitter.com/PEMCO | |
| https://www.linkedin.com/company/pemco/ | |
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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