Pekin vs. Meemic Insurance

Which insurance company is right for you? Compare premiums, products, and quotes from Pekin and Meemic.

Compare Car Insurance Rates in Your Area

Pekin vs. Meemic: What You Need to Know

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.

A small group of teachers formed Meemic in 1950. They aimed to provide other teachers and educators with quality protection at affordable rates. For almost 70 years, they’ve been providing auto, home, boat and personal umbrella insurance tailored to the needs of the educational community. A.M. Best has rated Meemic as financially strong, based on the financial strength and claims-paying ability. The Meemic Foundation for the Future of Education was established in 1992 to provide financial assistance to schools, teachers, and educators, in the form of grants. Meemic partners with AAA to offer insurance products to teachers and educators in Illinois, Michigan, Wisconsin, and Georgia.

Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Pekin Insurance Overview and MEEMIC Insurance Company Overview.

Pekin Insurance vs. MEEMIC Insurance Company: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Pekin Insurance and MEEMIC Insurance Company. On average, Pekin Insurance charges approximately $95.67 per month while MEEMIC Insurance Company comes in at around $225.45 per month. For Pekin Insurance, the cheapest state average is Indiana at $75.69 per month and the most expensive is Wisconsin at $107.60 per month. For MEEMIC Insurance Company, the cheapest state average is Michigan at $225.43 per month and the most expensive is Michigan at $225.43 per month.

Pekin Insurance

Average Rate

$95.67
MEEMIC Insurance Company

Average Rate

$225.45
National

Average Rate

$120.83
State Pekin Insurance MEEMIC Insurance Company
Illinois $107.29 -
Indiana $75.69 -
Iowa $79.79 -
Michigan- $225.43
Wisconsin $107.60 -

Pekin Insurance vs. MEEMIC Insurance Company: 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 Pekin Insurance and MEEMIC Insurance Company typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Pekin Insurance MEEMIC Insurance Company
1 Vehicle $90.73 $213.37
2 Vehicles $116.09 $276.43
3 Vehicles $ $373.49

Pekin Insurance vs. MEEMIC Insurance Company: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Pekin Insurance charges $85.70 per month and MEEMIC Insurance Company charges $224.85 per month for customers who own their home.

Own/Rent Pekin Insurance MEEMIC Insurance Company
Own $85.70 $224.85
Rent $99.91 $225.79

What is Pekin and Meemic Insurance Rating?

Which car insurance company is better? We've made it easy to compare companies side by side. See how Pekin and Meemic ranked among the industry ratings.

ComparisonPekinMeemic
Year Founded19211950
A.M. Best RatingA-A-
BBBc-B-
Financial StrengthExcellentExcellent

Pekin or Meemic: Insurance Products Offered

What coverage is available through Pekin and Meemic? Both insurance companies offer Auto, Condo, Home, Life, Motorcycle, Renters, RV, and Umbrella insurance. Additional products from Pekin insurance also includes Commercial and Health insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Pekin Insurance and MEEMIC Insurance Company Insurance page.

InsurancePekinMeemic
Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Pekin or Meemic: Ways To Save

Meemic offers a wide range of discounts to its policyholders, including Newly Certified Teacher, Paid-in-Full, and The Educated Choice Repair Program discounts. In contrast, Pekin also offers a few discounts that Meemic doesn’t, including Tenure, Safety Equipment (Only Available in Ohio), and Multi-Car discounts. Start taking advantage of discounts offered by insurance providers like Meemic and Pekin insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

PekinMeemic
Advance IssueMulti-policy Discount
Anti-theft DeviceNewly Certified Teacher Discount
Auto/Home BundlePaid-in-Full Discount
Defensive Driver (Not Available in Indiana)The Educated Choice Repair Program
EFTVehicle Anti-theft Discount
Good Student
Hybrid Auto
Mandatory Seatbelt (Only Available in Iowa)
Multi-Car
Paid-in-Full
Safety Equipment (Only Available in Ohio)
Tenure

Pros & Cons of Pekin & Meemic

Pros

Pekin
  • High financial strength ratings by A.M Best.
  • Lots of supplemental or “add on” insurance options.
Meemic
  • Offers discounted rates for teachers.
  • Offers industry-specific coverage.
  • Quality repairs using original manufacturer parts.

Cons

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.
Meemic
  • Insurance through Meemic is only offered in four states: Michigan, Illinois, Wisconsin, and Georgia.

Pekin or Meemic 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.

Pekin Mobile App
Pekin does not currently have a mobile app for insurance products.
Meemic Mobile App
Meemic does not currently have a mobile app for insurance products.

Pekin & Meemic Contact Info

Pekin Contact Info
Address2505 Court St, Pekin, IL 61558
Phone1-800-322-0160
Websitehttps://www.pekininsurance.com/
Facebookhttps://www.facebook.com/PekinInsurance/
Youtubehttps://www.youtube.com/user/PekinInsurance
Twitterhttps://twitter.com/pekininsurance
Linkedinhttps://www.linkedin.com/company/pekin-insurance/
Meemic Contact Info
Address1685 N. Opdyke Rd. Auburn Hills, MI 48326
Phone1-888-463-3642
Websitehttps://www.meemic.com/
Facebookhttps://www.facebook.com/Meemic/
Youtubehttps://www.youtube.com/channel/UCQnTMFg_hBizrzlZc0aQKMw
Twitterhttps://twitter.com/Meemic
Linkedinhttps://www.linkedin.com/company/meemic-insurance-company/

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.

Compare Insurance Rates for Free.

Enter your zip code, answer a few questions, and compare rates in less than 3 minutes.