Pekin vs. Pemco Insurance

Which insurance provider is right for you? Compare coverage, ratings, and quotes from Pekin and Pemco.

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Pekin vs. Pemco: 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.

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.

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

Below is a list of the average rates that drivers typically pay with Pekin Insurance and PEMCO. On average, Pekin Insurance charges approximately $78.95 per month while PEMCO comes in at around $89.67 per month. For Pekin Insurance, the cheapest state average is Illinois at $78.41 per month and the most expensive is Illinois at $78.41 per month. For PEMCO, the cheapest state average is Washington at $89.67 per month and the most expensive is Washington at $89.67 per month.

Pekin Insurance

Average Rate


Average Rate


Average Rate

State Pekin Insurance PEMCO
Illinois $78.41 -
Washington- $89.67

Pekin Insurance 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 Pekin Insurance and PEMCO typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Pekin Insurance PEMCO
1 Vehicle $80.09 $86.85

Pekin Insurance vs. PEMCO: Rates by Homeownership

Rates Are Not Currently Available

What is Pekin and Pemco Insurance Rating?

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.

Year Founded19211949
Market Share3.8%
A.M. Best RatingA-B++
BBB Ratingc-A+
Financial StrengthExcellentExcellent
JD PowerAmong the Best

Pekin or Pemco: Insurance Products Offered

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.

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

Pekin or Pemco: Ways To Save

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 IssueAccident Forgiveness Benefit
Anti-theft DeviceAdvance Purchase Discount (for new business)
Auto/Home BundleAuto Plus Home Discount
Defensive Driver (Not Available in Indiana)Defensive Driver Discount
EFTDistant Student Discount
Good StudentEducator Discount
Hybrid AutoGood Student Discount
Mandatory Seatbelt (Only Available in Iowa)Homeownership Discount
Multi-CarLife Insurance (only for members of the teacher’s credit union)
Paid-in-FullLow Mileage Discount
Safety Equipment (Only Available in Ohio)Loyal Auto Customer Discount
TenureMinor Ticket Forgiveness Benefit
New Vehicle Discount
Paid in Full Discount
Safety/Security Feature Discount
University of Washington Alumni Discount

Pros & Cons of Pekin & Pemco


  • High financial strength ratings by A.M Best.
  • Lots of supplemental or “add on” insurance options.
  • PEMCO was ranked amongst the best by JD Power.
  • Positive reviews from customers


  • 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.
  • PEMCO was ranked amongst the best by JD Power.
  • Positive reviews from customers

Pekin or Pemco 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.

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     3.65 user reviews
Android     4.368 user reviews

Pekin & Pemco Contact Info

Pekin Contact Info
Address2505 Court St, Pekin, IL 61558
Pemco Contact Info
Address1300 Dexter Avenue N. Seattle, WA 98109-3571
Phone1 (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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