Is Pekin Good for Auto Insurance?
Last Updated on January 13, 2022
Pekin is an insurance company available across the United States. The company sells auto, home, life, health, and business insurance.
Pekin is headquartered in Pekin, Illinois. Although it’s not as well-known as some of its larger nationwide competitors, Pekin serves thousands of policyholders across 24 states and has over 100 years of insurance industry experience.
Is Pekin good for auto insurance? Should you buy auto insurance through Pekin Insurance? Find out everything you need to know about the Illinois-based insurance provider today in our review.
About Pekin Insurance
Pekin Insurance was founded in 1921 when a group of farmers in Central Illinois came together to provide reliable, affordable auto coverage. Over the years, the company has grown into a successful insurance company.
Although Pekin originally catered to farmers in Illinois, the insurance company now caters to policyholders in 24 states. Pekin provides coverage for cars, homes, and businesses, along with life insurance, health insurance, and other products.
Pekin does most of its business through a network of insurance agents across the country. You can find an agent near you by visiting PekinInsurance.com.
| Pekin Insurance | |
|---|---|
| Company Address | 2505 Court Street, Pekin, IL 61558 |
| Phone Number | 1-800-322-0160 |
| Website URL | https://www.pekininsurance.com/ |
Pekin Insurance Products and Services
Pekin offers all of the following insurance products and services:
Auto Insurance: Pekin sells minimum liability auto insurance, full coverage auto insurance, and other insurance products.
Home Insurance: Pekin offers a range of home insurance products for all types of units and policyholders.
Life Insurance: Pekin sells multiple types of life insurance to policyholders across the country.
Health Insurance: Pekin offers Medicare supplement insurance to older adults across the country.
Business Insurance: Businesses can purchase workers’ compensation insurance and other coverages through Pekin.
How Does Pekin Auto Insurance Work?
Pekin auto insurance works slightly differently in each state. States have different insurance requirements and insurance laws. One customer’s experience with Pekin auto insurance in Indiana may be different than in neighboring Illinois.
Generally, you request a Pekin auto insurance quote through a Pekin agent near you. The agent assesses your insurance needs and budget, then recommends the right insurance policy.
Available car insurance products with Pekin include:
Bodily Injury Liability Coverage: Most states require bodily injury liability coverage, which covers any medical bills or injuries incurred by drivers as a result of your actions.
Property Damage Liability Coverage: Most states also require property damage liability coverage, which covers the cost of repairing someone else’s property after you damage it.
Medical Payments Coverage: Medical payments coverage is optional in most states. It functions similar to health insurance, covering medical bills after an accident regardless of fault.
Collision Coverage: Collision coverage is optional in every state and covers the cost of repairing your own vehicle after an accident.
Comprehensive Coverage: Comprehensive coverage covers the cost of repairing or replacing your vehicle after hail damage, fire damage, flood damage, theft, vandalism, fallen tree branches, and other incidents.
Roadside Assistance: Pekin’s “Roadside Rescue” coverage works similarly to other roadside assistance plans. Drivers can access fuel delivery, flat tire changes, towing, and other services. You pay extra to add roadside assistance to your Pekin auto insurance policy.
Auto Guard: Pekin offers a range of auto insurance endorsements under its Auto Guard protection. At less than $20 per vehicle per year, Pekin covers additional car rental, key replacement, personal effects, tires, trip interruption, and other items not covered on a standard car insurance policy.
Young Adult Protection Plus: Pekin has unique car insurance coverage called Young Adult Protection Plus. It includes the Auto Guard endorsements above along with $10,000 of accidental death coverage, $15,000 of identity fraud expense coverage, and $5,000 of personal property coverage.
Auto Loan & Lease Coverage: Pekin covers auto loans and leases. If your vehicle is declared a total loss after an accident, then your Pekin auto insurance policy can cover the difference between the unpaid amount remaining on your loan and the value of your vehicle. Other insurers call this gap coverage. It’s available at an added cost.
Increased Rental Reimbursement Insurance: Drivers can pay extra for increased rental reimbursement insurance. For an added fee, you increase your rental reimbursement from a $20 per day limit to $50 per day, with a maximum of $1,500 instead of $600.
Accidental Death Benefit: If the insured dies from injuries caused by an accident, then this coverage pays a benefit to the insured’s beneficiaries.
Motorcycle and Off-Road Insurance: Pekin offers a range of insurance products for vehicles that aren’t cars, including motorcycles and ATVs.
Pekin Auto Insurance Discounts
Pekin offers a range of standard auto insurance discounts along with some discounts we don’t see with other providers. Available discounts include:
Multi-Car: Like most insurance providers, Pekin offers a discount to drivers with multiple vehicles. If you have registered multiple vehicles at the same address and they all use Pekin car insurance, then you could qualify for a discount across all vehicles.
Advance Quote: Pekin offers an advance quote discount. If you receive an auto quote prior to the renewal date, then you could qualify for the advance quote discount.
Anti-Theft Device: Pekin offers anti-theft device discounts to drivers with comprehensive coverage, hood locks that can only be released from the inside, and installed active or passive disabling devices.
Auto / Home Insurance Bundling: Pekin offers discounts of up to 15% on auto insurance and 30% on homeowners insurance when you bundle both policies together. If you insure your home and car with Pekin, then you qualify for savings.
0$ Deductible on Glass Claims: You can pay extra to add this bonus coverage to your policy. By adding it to your policy, you pay a $0 deductible on glass claims (like windshield claims and similar claims).
Defensive Driver: Pekin offers a defensive driver discount to drivers over age 55 who have completed a defensive driving course. This discount is available in all Pekin states except for Wisconsin and Indiana.
EFT: If you pay your insurance premiums using electronic fund transfer (EFT), then you qualify for a small discount.
Good Student: Drivers under age 25 with a GPA of 3.0 or better qualify for Pekin’s good student discount.
Paid in Full: If you pay your policy’s entire cost in full upfront, then you qualify for a paid-in-full discount. Instead of paying your premiums monthly, you pay your premiums once every 6 or 12 months.
Pekin Reviews: What Do Customers Have to Say About Pekin?
Pekin is not large enough to be ranked by J.D. Power or other nationwide insurance rankings organizations. However, the company has average ratings with most policyholders and insurance review aggregator websites.
Pekin is ranked by A.M. Best, which assesses the financial strength of insurance companies across the country. A.M. Best has awarded Pekin Insurance Company a rating of A- (Excellent).
Pekin’s financial strength rating has dropped in recent years. Up to 2018, Pekin had a financial strength rating of A (Excellent) from A.M. Best. In 2018, however, A.M. Best dropped that rating to A- (Excellent). It’s still considered a good rating – but some of Pekin’s larger competitors have stronger financial ratings.
Pekin’s Better Business Bureau (BBB) page has an average rating of 1.67 stars out of 5 with 24 customer reviews. The company has 13 complaints closed in the last 3 years and 5 complaints closed in the last 12 months. Those numbers sound bad – but most insurance companies have similarly bad ratings on the BBB. Most policyholders do not take the time to review their insurance company unless they’re very dissatisfied with a claim.
Pekin has average ratings on other review sites, scoring between 3.0 and 3.6 stars on Facebook, Clearsurance, WalletHub, Yelp, Google, and other major review websites.
Final Word on Pekin Auto Insurance
Pekin is an insurance provider headquartered in Pekin, Illinois. The company serves customers in 24 states across the country, providing a range of car insurance, home insurance, life insurance, and health insurance products.
Overall, Pekin has average reviews and average car insurance premiums, although the company offers a range of bonus coverage options that may make it a more attractive option in certain states.
