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PEMCO Insurance

In 1936, Robert J. Handy founded the Seattle Teachers Credit Union and as the business grew he created seven additional companies, the largest being PEMCO Insurance.

Originally known as Public Employees Mutual Insurance Company in 1949, PEMCO Insurance is based in Seattle, Washington and has grown its annual premiums from $8,500 to well over $320 million.

PEMCO Insurance is a local company, servicing customers who live in the state of Washington and they offer four types of insurance.

Auto Insurance

PEMCO Auto Insurance offers coverage for bodily injury and property damage liability, underinsured motorists, personal injury protection, comprehensive and collision, towing and labor, rental reimbursement, and accidental death.

Home Insurance

This coverage includes dwelling (damage to the structure of your home), other structures (detached buildings like a garage and shed), personal property, personal liability, medical payments to others, and replacement cost coverage.

Boat Insurance

Coverage options include liability, damage to your boat, replacement for personal effects, medical payments, loss of income (if you become disabled due to an accident), emergency service, year-round protection, and deductibles for your hull and motor(s).

Life Insurance

PEMCO Insurance offers both Whole Life and Term Life insurance policies. Whole life policies protects you and your family as it builds cash value. Your cash value, premium, and death benefit are guaranteed for 120 years. Term life policies are designed to protect your family and home in the event of your death. Policies range from 5 to 30 years and $50,000 to $5 million.

PEMCO Auto Insurance offers a number of discounts; for instance, they offer a new customer discount for your first two years as long as you have three years of driving experience. In addition, discounts exist for safe drivers, those who have not had an accident in the last year. Of course, as with many companies, there is also a discount for insuring multiple cars, for students who have good grades, and for drivers who take a defensive driving course.

Other discounts that PEMCO Insurance offers include, but are not limited to, the following:

Safety/Security features

Install air bags, car alarms, fire alarms, dead-bolt locks on doors, burglar alarms, automatic sprinkler systems, and fire extinguishers.

Home Plus Auto Discount

You save an additional 25% on your home insurance premiums if you insure both your home and auto with PEMCO Insurance. The newer your home is, the higher your discount can be – up to 37%.


PEMCO Auto Insurance also offers a discount of up to 5% if you are employed by an educational institution.

PEMCO Auto Insurance has a very customer friendly website that makes reviewing your policy, paying your bills, and making claims quick and easily. PEMCO Insurance can also be reached through e-mail and phone to answer questions and provide assistance.