Pure Companies vs. Pemco Insurance

Which insurance company is right for you? Compare savings, rates, and quotes from Pure Companies and Pemco.

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Pure Companies vs. Pemco: 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.

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 Pure Companies Grp Overview and PEMCO Overview.

Pure Companies Grp vs. PEMCO: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Pure Companies Grp and PEMCO. On average, Pure Companies Grp charges approximately $177.27 per month while PEMCO comes in at around $98.71 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 PEMCO, the cheapest state average is Washington at $98.55 per month and the most expensive is Washington at $98.55 per month.

Pure Companies Grp

Average Rate

$177.27
PEMCO

Average Rate

$98.71
National

Average Rate

$117.77
State Pure Companies Grp PEMCO
Massachusetts $177.46 -
Washington- $98.55

Pure Companies Grp vs. PEMCO: 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 PEMCO typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Pure Companies Grp PEMCO
1 Vehicle $168.04 $93.40
2 Vehicles $228.97 $117.04

Pure Companies Grp vs. PEMCO: 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 PEMCO charges $97.74 per month for customers who own their home.

Own/Rent Pure Companies Grp PEMCO
Own $159.55 $97.74
Rent $184.15 $99.31

What is Pure Companies and Pemco Insurance Rating?

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

Comparison Pure Companies Pemco
Year Founded 2006 1949
Market Share 3.8%
A.M Best Rating A B++
BBB A+ A+
Financial Strength Excellent Excellent
JD Power Among the Best

Pure Companies or Pemco: Insurance Products Offered

What coverage is available through Pure Companies and Pemco? Both insurance companies offer Auto, Condo, Home, and RV Insurance. Additional products from Pemco insurance also includes Commercial, 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 PEMCO Insurance page.

Insurance Pure Companies Pemco
Auto Insurance
Commercial Insurance
Condo Insurance
Home Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Pure Companies or Pemco: Ways To Save

Pure Companies offers a wide range of discounts to its policyholders, including Central Burglar/Fire Alarm, Clean Loss History, and Gated Community discounts. Pemco also offers a few discounts that Pure Companies 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 Pure Companies insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Pure CompaniesPemco
5% Discount on Homeowners with Flood PolicyAccident Forgiveness Benefit
Central Burglar/Fire Alarm DiscountAdvance Purchase Discount (for new business)
Clean Loss History DiscountAuto Plus Home Discount
Gated Community DiscountDefensive Driver Discount
Impact-resistant Windows and Roofing DiscountDistant Student Discount
Jewelry Appraisal DiscountEducator Discount
More Cars Than Drivers DiscountGood Student Discount
Multiple Policy DiscountsHomeownership Discount
Seasonal Use DiscountLife Insurance (only for members of the teacher’s credit union)
Storage DiscountLow 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 Pure Companies & Pemco

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

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.
Pemco

Pure Companies or Pemco 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.

Pure Companies does not currently have a mobile app.

Pemco Mobile App
iOS      3.6 5 user reviews
Android      4.3 68 user reviews

Pure Companies & Pemco Contact Info

Pure Companies Contact Info
Address PO Box 480, Elmsford, NY 10523
Phone 1 (888) 813-7873
Website https://www.pureinsurance.com/
Facebook https://www.facebook.com/PUREinsuranceUS/
Youtube https://www.youtube.com/user/puremktg/
Twitter https://twitter.com/PUREinsurance
Linkedin https://www.linkedin.com/company/pure-group-of-insurance-companies/
Pemco Contact Info
Address 1300 Dexter Avenue N. Seattle, WA 98109-3571
Phone 1 (800) 467-3626
Website https://pemco.com/
Facebook https://www.facebook.com/PEMCOInsurance/
Youtube https://www.youtube.com/channel/UChCRheGkktnLSRYpqBsEP8g
Twitter https://twitter.com/PEMCO
Linkedin https://www.linkedin.com/company/pemco/

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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