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As a regional insurance provider, PEMCO only serves residents of Washington and Oregon. Owned by policyholders, PEMCO stands for "Public Employees Mutual Insurance Company."

PEMCO knows that its customers' homes and possessions are more than just stuff; that's why the company offers multiple insurance coverage options — PEMCO offers home, auto, condo, umbrella, renters, boat, and specialty insurance.

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The Good

  • Online Quotes
  • Basic Coverage
  • Available Discounts

Online Quotes

PEMCO makes it easy to get an insurance quote online. This option is common among insurers and allows you to conveniently check rates and coverage options to see if a PEMCO renters policy will meet your insurance needs and fit your budget

Basic Coverage

A PEMCO renters insurance policy offers fairly standard coverage, which includes personal property, replacement cost, loss of use, personal liability coverage, and medical payments to others. While this is standard throughout the industry, most customers won't need much more coverage.

Available Discounts

Tenants who bundle their PEMCO renters insurance with their auto insurance will receive a discount. PEMCO also offers a claims-free discount, educator discount, protection device discount, sprinkler discount, new home discount, and a fire-resistive construction discount. 

Most of these discounts are common for the industry. However, PEMCO's educator discount makes it stand out. This discount applies to anyone who works at a school, community college, or university. You're still eligible for this discount when you retire.

Customers will need to call or contact the insurance carrier to find out if they're eligible, but the discounts are a great way to save on the monthly premium.

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The Bad

  • Only Insures Washington or Oregon Residents
  • More Expensive Than Other Insurers
  • Credit-Based Insurance Score
  • Limited Customer Reviews

Only Insures Washington or Oregon Residents

Currently, PEMCO is only available to those living in Washington State or Oregon.

More Expensive Than Other Insurers

PEMCO states that its premium protection coverage only costs about $200 per year. While the price will vary depending on the customer and their coverage plan, $200 is a bit pricier than other insurers.

Credit-Based Insurance Score

To get an accurate quote, PEMCO requests its customers' credit information to determine their insurance score - an insurance score is compiled by an independent third-party service that looks at a person's credit history.

PEMCO states that it uses a credit-based insurance score as a factor for determining the price for each policy. Meaning a higher insurance score results in a lower insurance price; however, it also means a lower insurance score will result in a higher insurance price.

Customers who decided to purchase a renters policy with PEMCO will have to submit their claims history report. After receiving the report, the insurer will determine insurance rates and eligibility.

Limited Customer Reviews

There are not many PEMCO renters insurance reviews on BestCompany.com, so general conclusions about customer satisfaction are not available.

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The Bottom Line

While more reviews are necessary to understand the customer experience, PEMCO is certainly worth considering for residents of Washington and Oregon with a good and excellent credit score rating. Since PEMCO used a credit-based insurance score to determine the policy price, signing up for a quote only makes sense if you know you have a high credit score - otherwise, you're going to be paying a lot more than you would with other renters insurance companies.

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