Which insurance provider is right for you? Compare coverage, ratings, and quotes from Pekin and Pemco.
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.
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.
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 PEMCO Overview.
Below is a list of the average rates that drivers typically pay with Pekin Insurance and PEMCO. On average, Pekin Insurance charges approximately $98.12 per month while PEMCO comes in at around $118.70 per month. For Pekin Insurance, the cheapest state average is Indiana at $76.46 per month and the most expensive is Wisconsin at $129.66 per month. For PEMCO, the cheapest state average is Washington at $118.70 per month and the most expensive is Washington at $118.70 per month.
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Pekin Insurance and PEMCO typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Pekin Insurance||PEMCO|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Pekin Insurance charges $89.12 per month and PEMCO charges $123.75 per month for customers who own their home.
Which car insurance company is better? We've made it easy to compare companies side by side. See how Pekin and Pemco ranked among the industry ratings.
|A.M. Best Rating||A-||B++|
|JD Power||Among the Best|
What coverage is available through Pekin and Pemco? Both insurance companies offer Auto, Condo, Home, Motorcycle, Renters, RV, and Umbrella insurance. Additional products from Pekin insurance also includes Commercial, Health, and Life 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 PEMCO Insurance page.
Pekin offers a wide range of discounts to its policyholders, including Anti-theft Device, Auto/Home Bundle, and Defensive Driver (Not Available in Indiana) discounts. In contrast, Pemco also offers a few discounts that Pekin doesn’t, including University of Washington Alumni, Safety/Security Feature, and Paid in Full discounts. Start taking advantage of discounts offered by insurance providers like Pemco and Pekin insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Advance Issue||Accident Forgiveness Benefit|
|Anti-theft Device||Advance Purchase Discount (for new business)|
|Auto/Home Bundle||Auto Plus Home Discount|
|Defensive Driver (Not Available in Indiana)||Defensive Driver Discount|
|EFT||Distant Student Discount|
|Good Student||Educator Discount|
|Hybrid Auto||Good Student Discount|
|Mandatory Seatbelt (Only Available in Iowa)||Homeownership Discount|
|Multi-Car||Life Insurance (only for members of the teacher’s credit union)|
|Paid-in-Full||Low Mileage Discount|
|Safety Equipment (Only Available in Ohio)||Loyal Auto Customer Discount|
|Tenure||Minor Ticket Forgiveness Benefit|
|New Vehicle Discount|
|Paid in Full Discount|
|Safety/Security Feature Discount|
|University of Washington Alumni Discount|
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.
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.
|Pekin Mobile App|
|Pekin does not currently have a mobile app for insurance products.|
|Pemco Mobile App|
|iOS||3.6||5 user reviews|
|Android||4.3||68 user reviews|
|Pekin Contact Info|
|Address||2505 Court St, Pekin, IL 61558|
|Pemco Contact Info|
|Address||1300 Dexter Avenue N. Seattle, WA 98109-3571|
|Phone||1 (800) 467-3626|
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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