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: 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 $105.23 per month while MEEMIC Insurance Company comes in at around $161.38 per month. For PEMCO, the cheapest state average is Washington at $105.23 per month and the most expensive is Washington at $105.23 per month. For MEEMIC Insurance Company, the cheapest state average is Michigan at $161.38 per month and the most expensive is Michigan at $161.38 per month.


Average Rate

MEEMIC Insurance Company

Average Rate


Average Rate

State PEMCO MEEMIC Insurance Company
Michigan- $161.38
Washington $105.23 -

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 $102.46 $156.27
2 Vehicles $ $253.10

PEMCO vs. MEEMIC Insurance Company: Rates by Homeownership

Rates Are Not Currently Available

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.

Year Founded19491950
Market Share3.8%
A.M. Best RatingB++A-
BBB RatingA+B-
Financial StrengthExcellentExcellent
JD PowerAmong 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.

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.

Accident Forgiveness BenefitMulti-policy Discount
Advance Purchase Discount (for new business)Newly Certified Teacher Discount
Auto Plus Home DiscountPaid-in-Full Discount
Defensive Driver DiscountThe Educated Choice Repair Program
Distant Student DiscountVehicle 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


  • PEMCO was ranked amongst the best by JD Power.
  • Positive reviews from customers
  • Offers discounted rates for teachers.
  • Offers industry-specific coverage.
  • Quality repairs using original manufacturer parts.



  • 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     3.65 user reviews
Android     4.368 user reviews
Meemic Mobile App
Meemic does not currently have a mobile app.

Pemco & Meemic Contact Info

Pemco Contact Info
Address1300 Dexter Avenue N. Seattle, WA 98109-3571
Phone1 (800) 467-3626
Meemic Contact Info
Address1685 N. Opdyke Rd. Auburn Hills, MI 48326

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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