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Pemco vs. Meemic Insurance
Which insurance company is right for you? Compare cost, ratings, and quotes from Pemco and Meemic.
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- PEMCO vs MEEMIC Insurance Company
Pemco vs. Meemic: What You Need to Know
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.
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 PEMCO Overview and MEEMIC Insurance Company Overview.
PEMCO vs. MEEMIC Insurance Company: How much are the Average Rates?
Below is a list of the average rates that drivers typically pay with PEMCO and MEEMIC Insurance Company. On average, PEMCO charges approximately $98.00 per month while MEEMIC Insurance Company comes in at around $200.87 per month. For PEMCO, the cheapest state average is Washington at $98.00 per month and the most expensive is Washington at $98.00 per month. For MEEMIC Insurance Company, the cheapest state average is Michigan at $201.34 per month and the most expensive is Michigan at $201.34 per month.
Average Rate
Average Rate
Average Rate
| State | PEMCO | MEEMIC Insurance Company |
|---|---|---|
| Michigan | - | $201.34 |
| Washington | $98.00 | - |
PEMCO vs. MEEMIC Insurance Company: Rates by Number of Vehicle
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that PEMCO and MEEMIC Insurance Company typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | PEMCO | MEEMIC Insurance Company |
|---|---|---|
| 1 Vehicle | $96.46 | $200.87 |
PEMCO vs. MEEMIC Insurance Company: Rates by Homeownership
What is Pemco and Meemic Insurance Rating?
Which car insurance company is better? We've made it easy to compare companies side by side. See how Pemco and Meemic ranked among the industry ratings.
| Comparison | Pemco | Meemic |
|---|---|---|
| Year Founded | 1949 | 1950 |
| Market Share | 3.8% | |
| A.M. Best Rating | B++ | A- |
| BBB Rating | A+ | B- |
| Financial Strength | Excellent | Excellent |
| JD Power | Among the Best |
Pemco or Meemic: Insurance Products Offered
What coverage is available through Pemco and Meemic? Both insurance companies offer Auto, Condo, Home, Motorcycle, Renters, RV, and Umbrella insurance. Additional products from Meemic insurance also include Life insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit PEMCO and MEEMIC Insurance Company Insurance page.
| Insurance | Pemco | Meemic |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Condo Insurance | ✔ | ✔ |
| Home Insurance | ✔ | ✔ |
| Life Insurance | ✔ | |
| Motorcycle Insurance | ✔ | ✔ |
| Renters Insurance | ✔ | ✔ |
| RV Insurance | ✔ | ✔ |
| Umbrella Insurance | ✔ | ✔ |
Pemco 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, Pemco also offers a few discounts that Meemic 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 Meemic and Pemco insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
| Pemco | Meemic |
|---|---|
| Accident Forgiveness Benefit | Multi-policy Discount |
| Advance Purchase Discount (for new business) | Newly Certified Teacher Discount |
| Auto Plus Home Discount | Paid-in-Full Discount |
| Defensive Driver Discount | The Educated Choice Repair Program |
| Distant Student Discount | Vehicle Anti-theft Discount |
| Educator Discount | |
| Good Student Discount | |
| Homeownership Discount | |
| Life Insurance (only for members of the teacher’s credit union) | |
| Low Mileage Discount | |
| Loyal Auto Customer Discount | |
| Minor Ticket Forgiveness Benefit | |
| New Vehicle Discount | |
| Paid in Full Discount | |
| Safety/Security Feature Discount | |
| University of Washington Alumni Discount |
Pros & Cons of Pemco & Meemic
Pros
Pemco
- PEMCO was ranked amongst the best by JD Power.
- Positive reviews from customers
Meemic
- Offers discounted rates for teachers.
- Offers industry-specific coverage.
- Quality repairs using original manufacturer parts.
Cons
Pemco
Meemic
- Insurance through Meemic is only offered in four states: Michigan, Illinois, Wisconsin, and Georgia.
Pemco or Meemic Mobile Apps Options
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.
| Pemco Mobile App | ||
|---|---|---|
| iOS | 3.6 | 5 user reviews |
| Android | 4.3 | 68 user reviews |
| Meemic Mobile App | ||
|---|---|---|
| Meemic does not currently have a mobile app. | ||
Pemco & Meemic Contact Info
| Pemco Contact Info | |
|---|---|
| Address | 1300 Dexter Avenue N. Seattle, WA 98109-3571 |
| Phone | 1 (800) 467-3626 |
| Website | https://pemco.com/ |
| https://www.facebook.com/PEMCOInsurance/ | |
| Youtube | https://www.youtube.com/channel/UChCRheGkktnLSRYpqBsEP8g |
| https://twitter.com/PEMCO | |
| https://www.linkedin.com/company/pemco/ | |
| Meemic Contact Info | |
|---|---|
| Address | 1685 N. Opdyke Rd. Auburn Hills, MI 48326 |
| Phone | 1-888-463-3642 |
| Website | https://www.meemic.com/ |
| https://www.facebook.com/Meemic/ | |
| Youtube | https://www.youtube.com/channel/UCQnTMFg_hBizrzlZc0aQKMw |
| https://twitter.com/Meemic | |
| https://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.
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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