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 $197.13 per month while PEMCO comes in at around $99.12 per month. For ALFA, the cheapest state average is Virginia at $123.90 per month and the most expensive is Georgia at $225.56 per month. For PEMCO, the cheapest state average is Washington at $99.08 per month and the most expensive is Washington at $99.08 per month.

ALFA

Average Rate

$197.13
PEMCO

Average Rate

$99.12
National

Average Rate

$119.96
State ALFA PEMCO
Alabama $186.37 -
Arkansas $197.30 -
Georgia $225.56 -
Mississippi $186.90 -
Virginia $123.90 -
Washington- $99.08

ALFA vs. PEMCO: Rates by Number of Vehicle

Home

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 $181.81 $93.34
2 Vehicles $251.61 $118.31
3 Vehicles $372.73 $

ALFA vs. PEMCO: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average ALFA charges $183.92 per month and PEMCO charges $96.77 per month for customers who own their home.

Own/Rent ALFA PEMCO
Own $183.92 $96.77
Rent $203.48 $100.27

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. Pemco received a "B++" whereas Alfa was affirmed with "A" rating from A.M. Best Rating. 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!

ComparisonAlfaPemco
Year Founded19461949
Market Share0.12%0.38%
A.M. Best RatingAB++
BBB RatingA+
Financial StrengthExcellentExcellent
JD PowerAmong the Best
NAIC Complaint Ratio0.82

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!

AlfaPemco
Airbags DiscountAccident Forgiveness Benefit
Burglar Alarm DiscountAdvance Purchase Discount (for new business)
Claims-free DiscountAuto Plus Home Discount
Defensive Driver DiscountDefensive Driver Discount
Driver EducationDistant Student Discount
Driver Training DiscountsEducator Discount
Good Student DiscountGood Student Discount
Home and Auto Bundle DiscountHomeownership Discount
Homeowner DiscountLife Insurance (only for members of the teacher’s credit union)
Multi-car DiscountLow Mileage Discount
Multi-policy DiscountLoyal Auto Customer Discount
Smoke Alarm DiscountMinor Ticket Forgiveness Benefit
Teacher DiscountNew Vehicle Discount
Youth Defensive Driver TestPaid in Full Discount
Youth Safety TestSafety/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     4.71.9 user reviews
Android     3.7251 user reviews
Pemco Mobile App
iOS     3.65 user reviews
Android     4.368 user reviews

Alfa & Pemco Contact Info

Alfa Contact Info
AddressP.O. Box 11000, Montgomery, AL 36191-0001
Phone1-800-964-2532
Websitehttps://www.alfainsurance.com/
Facebookhttps://www.facebook.com/AlfaInsurance
Youtubehttps://www.youtube.com/user/AlfaInsurance
Twitterhttps://twitter.com/Alfa_Insurance
Pemco Contact Info
Address1300 Dexter Avenue N. Seattle, WA 98109-3571
Phone1 (800) 467-3626
Websitehttps://pemco.com/
Facebookhttps://www.facebook.com/PEMCOInsurance/
Youtubehttps://www.youtube.com/channel/UChCRheGkktnLSRYpqBsEP8g
Twitterhttps://twitter.com/PEMCO
Linkedinhttps://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.

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