Pure Companies vs. Meemic Insurance

Which insurance carrier is right for you? Compare ratings, discounts, and quotes from Pure Companies and Meemic.

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Pure Companies vs. Meemic: What You Need to Know

PURE insurance focuses on high net-worth individuals to create specialized insurance solutions. Policies are broad and flexible and tailored to individual needs. CEO Ross Buchmueller has a career that spans more than 30 years of focus on specialized property and casualty needs of high net-worth individuals and families. He was at Chubb Group for more than a decade and founded AIG’s Private Client Group, serving as its president for more than six years. In 2006, he and colleagues Martin Hartley and Jeffrey Paraschac set out to create an insurance company with a reduced conflict between shareholders and policyholders while providing exceptional coverage, service, and savings. The holding company for the PURE Group of Insurance Companies is called Privilege Underwriters. PURE stands for Privilege Underwriters Reciprocal Exchange. Pure insurance recapitalized equity investments from funds managed by Stone Point Capital, KKR and the management team in 2015. Tokio Marine Holdings Inc. bought Privilege Underwriters Inc and PURE Group for $3.1 billion in October 2019. The acquisition closed the first quarter of 2020. The company is expended to expand and diversify its international business. PURE has a 96% member retention rate and an industry-leading Net Promoter Score. The company has been growing rapidly and has a premium volume in excess of $400 million.

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 Pure Companies Grp Overview and MEEMIC Insurance Company Overview.

Pure Companies Grp vs. MEEMIC Insurance Company: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Pure Companies Grp and MEEMIC Insurance Company. On average, Pure Companies Grp charges approximately $177.27 per month while MEEMIC Insurance Company comes in at around $219.89 per month. For Pure Companies Grp, the cheapest state average is Massachusetts at $177.46 per month and the most expensive is Massachusetts at $177.46 per month. For MEEMIC Insurance Company, the cheapest state average is Michigan at $219.75 per month and the most expensive is Michigan at $219.75 per month.

Pure Companies Grp

Average Rate

$177.27
MEEMIC Insurance Company

Average Rate

$219.89
National

Average Rate

$117.77
State Pure Companies Grp MEEMIC Insurance Company
Massachusetts $177.46 -
Michigan- $219.75

Pure Companies Grp 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 Pure Companies Grp and MEEMIC Insurance Company typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Pure Companies Grp MEEMIC Insurance Company
1 Vehicle $168.04 $207.12
2 Vehicles $228.97 $271.61

Pure Companies Grp 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 Pure Companies Grp charges $159.55 per month and MEEMIC Insurance Company charges $221.14 per month for customers who own their home.

Own/Rent Pure Companies Grp MEEMIC Insurance Company
Own $159.55 $221.14
Rent $184.15 $218.89

What is Pure Companies and Meemic Insurance Rating?

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

ComparisonPure CompaniesMeemic
Year Founded20061950
A.M. Best RatingAA-
BBB RatingA+B-
Financial StrengthExcellentExcellent

Pure Companies or Meemic: Insurance Products Offered

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

InsurancePure CompaniesMeemic
Auto Insurance
Commercial Insurance
Condo Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Pure Companies 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, Pure Companies also offers a few discounts that Meemic doesn’t, including Storage, Seasonal Use, and Multiple Policys discounts. Start taking advantage of discounts offered by insurance providers like Meemic and Pure Companies insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Pure CompaniesMeemic
5% Discount on Homeowners with Flood PolicyMulti-policy Discount
Central Burglar/Fire Alarm DiscountNewly Certified Teacher Discount
Clean Loss History DiscountPaid-in-Full Discount
Gated Community DiscountThe Educated Choice Repair Program
Impact-resistant Windows and Roofing DiscountVehicle Anti-theft Discount
Jewelry Appraisal Discount
More Cars Than Drivers Discount
Multiple Policy Discounts
Seasonal Use Discount
Storage Discount

Pros & Cons of Pure Companies & Meemic

Pros

Pure Companies
  • PURE is the top choice for affluent and high net-worth individuals and families.
  • Boasts financial strength.
  • Offers concierge services that make everything easy to do.
Meemic
  • Offers discounted rates for teachers.
  • Offers industry-specific coverage.
  • Quality repairs using original manufacturer parts.

Cons

Pure Companies
  • PURE only covers New York, New Jersey, Connecticut, Rhode Island, Texas, South Carolina, Maryland, Washington D.C., Georgia, Alabama, Mississippi, North Carolina, Massachusetts, South Dakota, Arizona, and Oklahoma.
Meemic
  • Insurance through Meemic is only offered in four states: Michigan, Illinois, Wisconsin, and Georgia.

Pure Companies or Meemic Mobile Apps Options


Pure Companies Mobile App
Pure Companies does not currently have a mobile app.
Meemic Mobile App
Meemic does not currently have a mobile app.

Pure Companies & Meemic Contact Info

Pure Companies Contact Info
AddressPO Box 480, Elmsford, NY 10523
Phone1 (888) 813-7873
Websitehttps://www.pureinsurance.com/
Facebookhttps://www.facebook.com/PUREinsuranceUS/
Youtubehttps://www.youtube.com/user/puremktg/
Twitterhttps://twitter.com/PUREinsurance
Linkedinhttps://www.linkedin.com/company/pure-group-of-insurance-companies/
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.

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