Pure Companies vs. Meemic Insurance

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?

Pure Companies Grp vs. MEEMIC Insurance Company: Rates by Number of Vehicle

Pure Companies Grp vs. MEEMIC Insurance Company: Rates by Homeownership

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.

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.

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 Companies or Meemic Mobile Apps Options

Pure Companies & Meemic Contact Info

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.