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Hastings Mutual vs. Pekin Insurance
Which insurance company is right for you? Compare premiums, ratings, and quotes from Hastings Mutual and Pekin.
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- Hastings Mutual Insurance Co vs Pekin Insurance
Hastings Mutual vs. Pekin: What You Need to Know
Hastings Mutual Company was founded in 1885 as Michigan Mutual Tornado, Cyclone and Windstorm Insurance Company to help protect local residents against the tornados that had destroyed small communities of Hastings and other parts of Michigan. The company continued to grow over the years and expanded its business.
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. 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 Hastings Mutual Insurance Co Overview and Pekin Insurance Overview.
Hastings Mutual Insurance Co vs. Pekin Insurance: How much are the Average Rates?
Below is a list of the average rates that drivers typically pay with Hastings Mutual Insurance Co and Pekin Insurance. On average, Hastings Mutual Insurance Co charges approximately $157.57 per month while Pekin Insurance comes in at around $64.54 per month. For Hastings Mutual Insurance Co, the cheapest state average is Illinois at $128.82 per month and the most expensive is Michigan at $159.62 per month. For Pekin Insurance, the cheapest state average is at $0.00 per month and the most expensive is at $0.00 per month.
Average Rate
Average Rate
Average Rate
| State | Hastings Mutual Insurance Co | Pekin Insurance |
|---|---|---|
| Illinois | $128.82 | - |
| Michigan | $159.62 | - |
Hastings Mutual Insurance Co 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 Hastings Mutual Insurance Co and Pekin Insurance typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | Hastings Mutual Insurance Co | Pekin Insurance |
|---|---|---|
| 1 Vehicle | $153.94 | $64.36 |
| 2 Vehicles | $209.41 | $ |
Hastings Mutual Insurance Co vs. Pekin Insurance: Rates by Homeownership
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Hastings Mutual Insurance Co charges $142.21 per month and Pekin Insurance charges $ per month for customers who own their home.
| Own/Rent | Hastings Mutual Insurance Co | Pekin Insurance |
|---|---|---|
| Own | $142.21 | $ |
| Rent | $162.20 | $68.77 |
What is Hastings Mutual and Pekin Insurance Rating?
Which car insurance company is better? We've made it easy to compare companies side by side. See how Hastings Mutual and Pekin ranked among the industry ratings.
| Comparison | Hastings Mutual | Pekin |
|---|---|---|
| Year Founded | 1885 | 1921 |
| Market Share | 0.2% (2018) | |
| A.M. Best Rating | A | A- |
| BBB Rating | A+ | c- |
| Financial Strength | Excellent | Excellent |
| JD Power Ranking | Above Average |
Hastings Mutual or Pekin: Insurance Products Offered
What coverage is available through Hastings Mutual and Pekin? Both insurance companies offer Auto, Commercial, Condo, Home, Renters, and RV insurance. Additional products from Pekin insurance also includes Health, Life, Motorcycle, and Umbrella insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Hastings Mutual Insurance Co and Pekin Insurance Insurance page.
| Insurance | Hastings Mutual | Pekin |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Commercial Insurance | ✔ | ✔ |
| Condo Insurance | ✔ | ✔ |
| Farm Insurance | ✔ | |
| Health Insurance | ✔ | |
| Home Insurance | ✔ | ✔ |
| Life Insurance | ✔ | |
| Motorcycle Insurance | ✔ | |
| Renters Insurance | ✔ | ✔ |
| RV Insurance | ✔ | ✔ |
| Umbrella Insurance | ✔ |
Hastings Mutual or Pekin: Ways To Save
Hastings Mutual offers a wide range of discounts to its policyholders, including Claim Free, Defensive Driving, and Good Student discounts. In contrast, Pekin also offers a few discounts that Hastings Mutual doesn’t, including Tenure, Safety Equipment (Only Available in Ohio), and Paid-in-Full discounts. Start taking advantage of discounts offered by insurance providers like Pekin and Hastings Mutual insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
| Hastings Mutual | Pekin |
|---|---|
| Away at School Discount | Advance Issue |
| Claim Free Discount | Anti-theft Device |
| Defensive Driving Discount | Auto/Home Bundle |
| Good Student Discount | Defensive Driver (Not Available in Indiana) |
| Multi-car Discount | EFT |
| Multi-policy Discount | Good Student |
| Paid in Full Discount | Hybrid Auto |
| Paperless Bills Discount | Mandatory Seatbelt (Only Available in Iowa) |
| Multi-Car | |
| Paid-in-Full | |
| Safety Equipment (Only Available in Ohio) | |
| Tenure |
Pros & Cons of Hastings Mutual & Pekin
Pros
Hastings Mutual
- Hastings Mutual Company focuses on providing A+ customer service and promoting strong relationships with its customers.
- Established history: the company has 130 years of service and has built a good reputation among its customers.
- It has affordable rates.
- Offers Multi-Policy discounts.
Pekin
- High financial strength ratings by A.M Best.
- Lots of supplemental or “add on” insurance options.
Cons
Hastings Mutual
- Limited service: coverage is available in only 6 midwestern states across the US.
- It doesn’t offer an online application, you need to call an agent for a quote.
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.
Hastings Mutual or Pekin Mobile Apps Options
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.
| Hastings Mutual Mobile App | ||
|---|---|---|
| Hastings Mutual does not currently have a mobile app. | ||
| Pekin Mobile App | ||
|---|---|---|
| Pekin does not currently have a mobile app. | ||
Hastings Mutual & Pekin Contact Info
| Hastings Mutual Contact Info | |
|---|---|
| Address | 404 E. Woodlawn Ave. Hastings, MI 49058 |
| Phone | 1-800-442-8277 |
| Website | https://www.hastingsmutual.com/ |
| https://www.facebook.com/HastingsMutual/ | |
| https://www.linkedin.com/company/hastings-mutual-insurance-company/ | |
| 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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