PEMCO: Overview

PEMCO is based in Seattle Washington and has been in operation since 1949.

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About PEMCO

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.

In 1949, Handy founded Public Employees Mutual Insurance Company (PEMIC). In 1950, PEMIC became PEMCO, the Public Employees Mutual Casualty Company. It then expanded to offer insurance in Washington and Oregon.

PEMCO is headquartered in Seattle, Washington and employs about 650 employees. Stan W. McNaughton is president and CEO. His father, Stanley O. McNaughton, served as PEMCO’s president from 1970 to 1998.

PEMCO Facts & Ratings

Year Founded1949
Market Share3.8%
Financial StrengthExcellent
BBBA+
JD PowerAmong the Best
A.M Best RatingB++

PEMCO Mobile App Rating

iOS
     3.65 user reviews
Android
     4.368 user reviews

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.

Pros & Cons of PEMCO

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

    Common Questions about PEMCO

    What info do I need for the PEMCO Insurance quote?

    For a car insurance quote from PEMCO, you’ll need your car’s VIN, basic information on yourself and information about the people living in your home.

    How to file a claim with PEMCO Insurance:

    You can file a claim with the Go Pemco mobile app or by calling your agent or call (800)-467-3626.

    Is PEMCO car insurance good?

    PEMCO received the highest rating from JD Power. PEMCO is a financially strong insurance company with positive reviews on BBB.

    Does PEMCO Insurance have accident forgiveness?

    If you’ve been insured with PEMCO for five or more years, your rate won’t increase after the first minor accident.

    How much will PEMCO cover for car equipment?

    With custom parts and equipment coverage PEMCO pays up to $500 for after-market parts and equipment (Washington residents only).

    Does PEMCO Insurance cover rental cars?

    Rental reimbursement coverage will reimburse you for rental car expenses while your car is being repaired due to an accident. Rental car coverage pays for losses involving a rental vehicle if you have collision or comprehensive coverage (Washington Residents only).

    Does PEMCO auto insurance offer SR22?

    Yes, PEMCO files SR22 forms for high-risk drivers.

    Does PEMCO cover windshield replacement?

    If you have comprehensive coverage, you can pick an auto glass shop and have the shop work directly with PEMCO to cover costs. Glass-chip repair doesn’t require a deductible payment.

    Will PEMCO cover rideshare drivers like Uber or Lyft?

    Yes PEMCO offers rideshare drivers rideshare insurance.

    How to qualify for PEMCO home insurance discounts:

    Pemco offers the following discount: Claims-free discount, home plus auto discount, educator discount, protective device discount, sprinkler discount, newer home discount and fire-resistive construction discount.

    What is PEMCO home insurance replacement cost coverage?

    If the contents of your home are stolen or damaged, PEMCO will pay what it costs to replace those items at today’s prices without depreciation.

    Does PEMCO cover manufactured homes?

    Yes, PEMCO offers manufactured home insurance.

    What coverage does PEMCO offer for renters?

    Renters insurance covers personal property coverage, replacement cost coverage, loss of use coverage, personal liability coverage and medical payments to others coverage.

    How to save with PEMCO renters insurance?

    Renters insurance discounts include a claims-free discount, home plus auto discount, educator discount, protection device discount, sprinkler discount, newer home discount, and fire-resistive construction discount

    Does PEMCO sell life insurance?

    PEMCO only sells life insurance to members of the teacher’s credit union.

    PEMCO Insurance Products

    Auto InsuranceHome Insurance
    Renters InsuranceCondo Insurance
    Umbrella InsuranceSpecialty Insurance
    Boat InsuranceMotorcycle and Scooter Insurance
    Earthquake InsuranceFlood Insurance
    Collector Vehicle InsuranceManufactured Home Insurance
    Water & Sewer Line Insurance

    PEMCO 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.

    Rental Reimbursement Coverage.

    This coverage will reimburse you for rental car expenses while your car is being repaired due to an accident.

    Replacing or Recoding Key Coverage

    Pays up to $500 for replacing or recoding electronic lock and key parts (only for Washington residents).

    Custom Parts and Equipment Coverage

    Pays up to $500 for after-market parts and equipment (Washington residents only).

    Towing and Labor Coverage

    This coverage will take care of roadside breakdowns, towing of a car to a shop or on-the-spot repairs.

    Auto Loan Coverage

    Pays off your car loan if the car is totaled. The amount left on your loan must be more than what the car is worth.

    Camper, Canopy and Tonneau Cover Coverage

    Pays up to $500, with the option to buy more coverage (Washington residents only).

    Personal Injury Protection (PIP) Coverage

    This coverage pays for medical expenses, income loss and more if the insured and passengers hurt

    Accidental Death Coverage

    If any covered person is killed, a $10,000 death benefit goes to the spouse or estate.

    Accident Forgiveness

    If you’ve been insured with PEMCO for five or more years, your rate won’t increase after the first minor accident.

    Pet Coverage

    Pays up to $1,000 if your dog or cat is injured or killed in a covered collision loss.

    Rideshare Coverage

    This coverage protects you during the period of time when your rideshare insurance and your personal car insurance do not.

    Rental Car Coverage

    This coverage pays for losses involving a rental vehicle, if you have collision or comprehensive coverage (Washington Residents only).

    Discounts

    Auto Plus Home DiscountEducator Discount
    Safety/Security Feature DiscountGood Student Discount
    Distant Student DiscountDefensive Driver Discount
    University of Washington Alumni DiscountAccident Forgiveness Benefit
    Minor Ticket Forgiveness BenefitLoyal Auto Customer Discount
    Advance Purchase Discount (for new business)Homeownership Discount
    Low Mileage DiscountNew Vehicle Discount
    Paid in Full DiscountLife Insurance (only for members of the teacher’s credit union)

    PEMCO Auto Insurance Rates by State

    Below is a list of the average rates that drivers typically pay with PEMCO. On average, PEMCO charges approximately $93.56 per month. The cheapest state average is Washington at $93.53 per month followed by at $229.83 per month. The most expensive state average is at $229.83 per month.

    State Avg monthly rate
    WA $93.53
    State Avg monthly rate

    PEMCO Auto Insurance Rates by Vehicle

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

    Number of Vehicles Avg Monthly Rate
    1 Vehicle $90.69
    2 Vehicles $107.02
    3 Vehicles $134.97
    4 Vehicles $149.46
    5 Vehicles $168.97

    PEMCO Auto Insurance Rates by Homeownership

    Customers who own their home rather than rent can sometimes get a small discount. We found that on average PEMCO charges $86.99 per month for drivers who own their home and $96.07 per month for those who rent.

    Own/Rent Avg Monthly Rate
    Own $86.99
    Rent $96.07

    PEMCO Contact Info

    Address 1300 Dexter Avenue N. Seattle, WA 98109-3571
    Phone1 (800) 467-3626
    Websitehttps://pemco.com/
    Facebookhttps://www.facebook.com/PEMCOInsurance/
    Youtubehttps://www.youtube.com/channel/UChCRheGkktnLSRYpqBsEP8g
    Twitterhttps://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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