Pekin Insurance: Overview

Pekin Insurance is based in Pekin, Illinois and provides service in 21 states.

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About Pekin

In 1921, a group of farmers, all members of the Tazewell County Farm Bureau, formed an organization to make automobile insurance more affordable. The organization was called The Farmers Automobile Insurance Association. The first Pekin Insurance office was located in the Tazewell County Courthouse, a space donated by the County Board Supervisors. With 187 policies, the six-month premium was $5 for glass, fire, lightning, windstorm, full-coverage collision, property damage, and bodily injury. All cars were charged the same premium. In 1932, they added 24-hour claim service. They adopted the telephone number #1334 for claims service. By 1939, Pekin had 20,000 policies and by 1945, 30,000. In 1952, they added fire insurance and in 1960, Inland Marine coverage. In 1966, the company moved into its new and current home office on Court Street and they now have 8 service offices in six states: Arizona, Illinois, Indiana, Iowa, Ohio, and Wisconsin. Pekin Life Insurance Company, which was established in 1969, also offers products in Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, Nebraska, Pennsylvania, and Virginia. They began selling group health insurance in 1970 and pre-need insurance in 1993. In 2010, they adopted a new slogan, Beyond the expected®. In 2011, they created a unit called Group Plan Solutions for businesses. Today Pekin Insurance has over 900,000 policyholders and more than 8,500 independent agents.

Pekin Facts & Ratings

Year Founded1921
Financial StrengthExcellent
BBBc-
A.M Best RatingA-

Pekin Mobile App Rating

Not rated. Pekin only has an Insurance Events app on Google Play, which is intended to help you with schedules, dining information, maps and more.

Pros & Cons of Pekin

  • High financial strength ratings by A.M Best.
  • Lots of supplemental or “add on” insurance options.
  • A high number of negative reviews.
  • Confusing website.
  • It only serves these states: Alabama, Arizona, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Ohio, Pennsylvania, Tennessee, Texas, Virginia, Wisconsin.

Common Questions about Pekin

What states does Pekin Insurance write in?

Alabama, Arizona, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Ohio, Pennsylvania, Tennessee, Texas, Virginia, Wisconsin.

How is Pekin Insurance rated?

Pekin has a rating of A- (Excellent) by A.M Best.

How big is Pekin Insurance?

Pekin has combined assets of $2 billion, over 800 employees, 1,500 agencies and 8,5000 independent agents.

Does Pekin have good health insurance?

Pekin offers Medicare Supplement Plans A, F, High Deductible F, and G. Plan offerings vary by state.

What benefits does Pekin Medicare Supplement Insurance offer?

Plan F is the most popular plan and it covers all deductibles and coinsurance. Plan F High Deductible requires a one-time deductible be met each year before coverage begins...

What is Pekin Insurance roadside assistance?

Pekin Insurance roadside assistance is called Roadside Rescue. This 24/7 roadside assistance program will help you with tire changes, towing and winching, fuel delivery, concierge claim service, lockout service, minor mechanical repairs, and battery jump starts.

Is Pekin Auto Guard Endorsement worth it?

The cost of Guard Endorsement is $20 a year per vehicle. It enhances coverage with additional rental car insurance, accidental airbag deployment, additional towing and labor expense, trip interruption, personal effects coverage, fire department service charge, pet coverage, tire protection and a waiver of deductible.

How much will Pekin cover for rental reimbursement coverage?

Pekin rental reimbursement coverage will pay up to $50 a day for rental of a vehicle after a covered accident.

How to save on Pekin auto insurance?

There are many ways to save on auto insurance. One is to maintain a clear record. If you have any moving violations do an online driver safety course to erase points on your license. Pay your insurance bills on time. If you have been accident-free for 3 or more years, tell your agent. Keep your credit solid, as it affects your rate in some states. Get married! Believe it or not, married people pay lower insurance rates. In addition, there are these discounts which may apply: Multi-Car, Advance Issue, Anti-theft Device, Auto/Home Bundle, Defensive Driver (Not Available in Indiana), EFT, Good Student, Hybrid Auto, Mandatory Seatbelt (Only Available in Iowa), Paid-in-Full, Safety Equipment (Only Available in Ohio) and Tenure.

Does Pekin Insurance offer SR22?

Yes, Pekin offers SR22 filing and high-risk car insurance.

Does Pekin Insurance offer gap coverage?

Yes, Pekin offers gap coverage. This protection covers you if your car is declared a total loss and you owe more on the car than its covered depreciated value.

What is the coverage on Pekin homeowners insurance?

Home insurance with Pekin is standard dwelling and contents. However, enhancements are available. For instance, you can get replacement cost coverage, which would pay out more (but costs more), backup of sewers and drains coverage and equipment breakdown coverage and more, including (but not limited to) flood and earthquake insurance, pet health insurance, and identity theft resolution services.

Does Pekin homeowners insurance covers earthquake?

No, but they do sell earthquake insurance separately.

Is it better to go with Pekin’s whole life insurance?

Buying whole life versus term life insurance is a personal preference based on many factors, including your health and whether or not any pre-existing conditions prohibit the affordability of a whole life plan. Fill out a form here to speak with an experienced agent who will quote you different plans. It’s a good idea to gather the numbers and see which makes the most sense for your family.

What coverage does Pekin’s business insurance have?

Pekin’s business insurance offers business auto insurance, business property insurance, general liability insurance, workers’ compensation, business owners’ package (BOP), and more. Speak with a seasoned business insurance agent to see which coverages match your business needs.

Pekin Insurance Products

Auto InsuranceHigh Risk Auto Insurance
Homeowners InsuranceCondo Insurance
Mobile Home InsuranceRenters Insurance
Umbrella InsuranceFlood Insurance
Motorcycle InsuranceBoat Insurance
Recreational Vehicle InsuranceLife Insurance
Health InsuranceBusiness Insurance

Pekin Auto Insurance Coverage

Bodily Injury Liability

This form of coverage is required in every state. It covers bodily injuries to a third party in an accident that was deemed your fault.

Property Damage Liability

This form of coverage is required in every state. It covers property damage and loss of use to a third party.

Comprehensive Coverage

This coverage pays for damages and loss other than that caused by a collision. It is subject to a deductible.

Collision Coverage

his coverage pays for damages and loss caused by impact with another automobile, object or person. It is subject to a deductible.

Uninsured/Underinsured Motorists

This protection pays for medical expenses if you’re injured in a vehicular accident caused by someone who doesn’t carry liability insurance or has low limits.

Roadside Rescue

This 24/7 roadside assistance program will help you with tire changes, towing and winching, fuel delivery, concierge claim service, lockout service, minor mechanical repairs, and battery jump starts.

Auto Guard Endorsement

For $20 a year per vehicle, you can enhance your coverage with additional rental car insurance, accidental airbag deployment, additional towing and labor expense, trip interruption, personal effects coverage, fire department service charge, pet coverage, tire protection and a waiver of deductible.

Rental Reimbursement Insurance Coverage.

If you need to rent a car while yours is in the shop for a covered loss, you are covered up to $50 per day for a rental.

Accidental Death Benefit

This coverage is for passengers of an insured who dies as a result of an accident.

$0 Deductible on Glass Claims

Waives the comprehensive insurance deductible that would otherwise apply to a glass claim.

Replacement Cost Coverage for New Autos

If your car is declared a total loss, you will be covered at its full replacement value.

Sound Receiving and Transmitting Equipment Coverage

Provides $1,000 for after-market electronic equipment and $200 coverage for tapes, records, discs, and other media.

Auto Loan/Lease (Gap) Coverage

This protection covers you if your car is declared a total loss and you owe more on the car than its covered depreciated value.

Young Adult Protection Plus

This coverage offers $10,000 accidental death, identity fraud expense and personal property (ACV) limit of $5,000. One vehicle on the policy must have full coverage.

Discounts

Multi-Car Advance Issue
Anti-theft DeviceAuto/Home Bundle
Defensive Driver (Not Available in Indiana)EFT
Good Student Hybrid Auto
Mandatory Seatbelt (Only Available in Iowa)Paid-in-Full
Safety Equipment (Only Available in Ohio)Tenure

Pekin Insurance Auto Insurance Rates by State

Below is a list of the average rates that drivers typically pay with Pekin Insurance. On average, Pekin Insurance charges approximately $92.61 per month. The cheapest state average is Indiana at $75.02 per month followed by Iowa at $78.93 per month. The most expensive state average is Illinois at $103.18 per month.

State Avg monthly rate
IA $78.93
IL $103.18
IN $75.02
State Avg monthly rate
WI $100.22

Pekin Insurance Auto Insurance Rates by Vehicle

Drivers typically will get a discount if they insure multiple vehicles. Here is a list of average rates that Pekin Insurance charges for drivers who have more than 1 vehicle.

Number of Vehicles Avg Monthly Rate
1 Vehicle $87.68
2 Vehicles $111.12

Pekin Insurance Auto Insurance Rates by Homeownership

Customers who own their home rather than rent can sometimes get a small discount. We found that on average Pekin Insurance charges $85.18 per month for drivers who own their home and $96.60 per month for those who rent.

Own/Rent Avg Monthly Rate
Own $85.18
Rent $96.60

Pekin Contact Info

Address2505 Court St, Pekin, IL 61558
Phone1-800-322-0160
Websitehttps://www.pekininsurance.com/
Facebookhttps://www.facebook.com/PekinInsurance/
Youtubehttps://www.youtube.com/user/PekinInsurance
Twitterhttps://twitter.com/pekininsurance
Linkedin https://www.linkedin.com/company/pekin-insurance/

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.


How Does Pekin Compare to Other Car Insurance Companies?

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