Meemic Insurance Company Review

Meemic Insurance Company at a Glance

  • Founded in 1950
  • Offers a variety of coverages
  • Offers coverage for individuals
  • Coverage available in four states
  • “A-” (excellent) rating by A.M. Best
  • “B-” (good) rating by Better Business Bureau (BBB)
  • Rewards programs for teachers and educators
  • Several discounts available
  • Strong financial stability
  • 24/7 claims reporting
  • Fast claims response

Meemic Pros: This is a well-established carrier with about 70 years worth of experience in the insurance industry. It offers several types of coverage including umbrella insurance, renters insurance, auto insurance, recreational vehicle insurance, and more. Meemic offers 24/7 claims reporting with prompt claims response, and it offers several discounts. It has a high rating through A.M. Best and strong financial stability.

Meemic Cons: Coverage is not available nationwide and is not a BBB accredited business. There has been some mixed customer feedback. Customers report increasing premium rates over time.

What Type of Insurance Does Meemic Offer?

Meemic offers a variety of insurance choices for individuals. Their products include:

  • Auto insurance
  • Homeowners insurance
  • Condo insurance
  • Renters insurance
  • Umbrella insurance
  • Flood insurance
  • Motorcycle insurance
  • Boat insurance
  • Recreational vehicle insurance
  • Life insurance

If you’re on the market for any of these coverage solutions, Meemic may be just the right insurance company for you.

What to Know about Meemic

Meemic was founded in 1950, giving the carrier seven decades worth of experience in the insurance industry. The insurance company was created by a small group of educators with the mission to provide affordable, quality coverage for other teachers. Meemic has since expanded its catalogue to offer many different coverages, including homeowners insurance, umbrella insurance, recreational vehicles insurance, and more.

Meemic caters exclusively to teachers and educators and related staff members of public or charter schools, as well as private or parochial schools and colleges/universities. The insurance company’s memberships come with discounts and other benefits. The carrier’s LinkedIn page states that they currently have fewer than 500 employees, with just over 330 of them found on the social media platform. Meemic currently only offers coverage to educators in four states, including Illinois, Georgia, Wisconsin, and Michigan.

Thanks to its variety of insurance products offered, extensive history, and financial strength, Meemic has earned itself a reputation as a financially stable insurance company with a positive outlook for the future. A.M. Best, the leading global credit rating agency monitoring the insurance industry, gives Meemic an “A-” rating, indicating the carrier is an excellent choice for insurance customers. High ratings from A.M. Best assure customers that Meemic is capable of offering guaranteed, secure coverage from a trustworthy and reputable carrier.

Established in 1899, A.M. Best is one of the oldest rating companies in the world. Reviews from A.M. Best indicate an insurance company’s financial strength and creditworthiness, and are based on comprehensive evaluations of the company’s operating performance, business profile, and balance sheet. For customers who aren’t as familiar with insurance companies’ respective reputations, A.M. Best’s ratings system allows them to make an informed decision about who they can trust to meet their needs in the short term, and also who will remain a strong, financially sound company in the long term.

What Discounts Does Meemic Offer?

Meemic offers several competitive discounts for its customers, especially on auto insurance. Their discounts include:

  • Newly certified teacher discount: Offered to auto insurance customers who have recently become certified teachers for their first seven years of coverage. 
  • Paid-in-full discount: Offered to auto insurance customers who pay their entire year’s premium up front, rather than in monthly increments. 
  • Multi-policy discount: Offered to customers who insure both their car and home through Meemic.
  • Anti-theft discount: Offered to auto insurance customers who install anti-theft devices in their vehicles. 
  • Supporting teachers and the educational community discount: Offered to auto insurance customers who show support for local teachers and the educational community.

Your independent insurance agent can help you find more information on additional discounts offered by Meemic and other ways to save money through the insurance company, helping you to find the coverage you need at the rate you deserve.

Meemic Customer Service

Meemic allows customers to report claims via phone or online at any time. The carrier also provides the following customer service options:

  • Online claims reporting
  • Phone claims reporting
  • Fax claims reporting
  • Online bill pay
  • Snail mail contact option
  • General customer service inquiries hotline has the following hours restrictions:


Hours (EST)


Monday-Friday7:30 am - 6 pm

The best way to ensure a smooth customer service experience is to work with an independent insurance agent. Independent insurance agents can help handle claims and other concerns for you, so you can relax and enjoy your coverage.

Meemic FAQ

What is Meemic's average claim response timeframe?

Meemic allows customers to report their claims 24/7. Their official website states that customers will typically be contacted within one business day of submitting a new claim.

What is Meemic's customer service availability?

Meemic allows customers to file claims anytime over the phone, online, via fax, or through snail mail. The carrier’s phonelines for customer service inquiries are available at generous hours, Monday-Friday. Customers can pay their bills through the official website as well. The carrier also has a social media presence on Facebook, Twitter, and LinkedIn, which makes them even more accessible to customers.

What is Meemic's claims process?

Meemic allows its customers to file claims anytime through multiple media. The official website details their homeowners claims process in three simple steps, as follows:

1. Report your claim

Call the police department to report a theft as soon as possible.

Call us here at Meemic. Our home claims professionals are available to help you seven days a week, 24 hours a day. Call us toll free at 800-231-5770.

You can also submit your home insurance claim online if you do not require an immediate response. A home claims representative will contact you within one business day to discuss your claim report.

2. Damage assessment

Take necessary steps to protect your property from further damage.

Make any reasonable repairs necessary to protect the damaged property. Keep an accurate record of any repair expenses.

Don’t dispose of any damaged property.

Prepare an inventory of damaged and/or stolen property, providing a description of the item, quantity, age, replacement cost and amount of loss claimed. Attach all bills, receipts, and related documents that substantiate the figures in the inventory.

If possible, obtain estimates from local contractors for any structural damage.

3. How we settle the loss

Structure-related damages are paid based on replacement cost (the cost of a new replacement of similar quality). If the loss for structure-related damages exceeds $5,000, you’ll be paid based Actual Cash Value basis (the cost of replacement, taking into account condition and age) until the structure is repaired or replaced. Once repairs or replacements are made, you’re entitled to full replacement cost. Structures that are not building-type structures, such as fences, are paid based on Actual Cash Value.

Personal property losses are paid based on replacement cost value. If the loss for personal property exceeds $500, you’ll be paid based on an Actual Cash Value basis until the stolen or damaged items are repaired or replaced. Once repairs or replacements are made, you’re entitled to full replacement cost.”

To check on the status of their claim, customers can get in touch with their independent insurance agent, call the carrier, or log into their online account.

Does Meemic create a user-friendly experience for customers?

Meemic’s official website is attractive, highly intuitive, and easy to navigate. Prospective and current customers can both easily locate pertinent information, and pages are detailed well enough to provide satisfactory responses. The carrier also displays specific information about its claims process and discount options, which is a courtesy not provided by all insurance companies. Meemic offers 24/7 claims reporting for its customers through multiple mediums as well. Overall, Meemic’s user-friendliness experience is on a par with the best carriers around today.

Does Meemic have good auto insurance?

Meemic offers a wide selection of coverages, including auto insurance. The insurance company offers the following coverages for auto insurance customers:

  • Personal injury protection
  • Bodily injury liability coverage
  • Uninsured/underinsured motorist coverage
  • Collision coverage
  • Comprehensive coverage

Meemic also offers specialty types of auto insurance, including:

  • Bus drivers insurance
  • Teachers auto insurance
  • Antique auto insurance

Your independent insurance agent can help you find out even more about Meemic’s auto insurance policies, as well as their other products offered.

Is Meemic a good insurance company?

Meemic has been around for about 70 years now. The insurance company has an excellent rating through A.M. Best and a good rating through the BBB. While there is some mixed customer feedback, many glowing reviews can be spotted across the web. All of these factors combined with a respectable catalogue of insurance products, Meemic can arguably be considered a good insurance company.

Meemic Customer Reviews

Clearsurance
“Meemic is very easy to work with and the customer service is always excellent. They respond quickly to my questions.”


Clearsurance
“Meemic has been fantastic with providing insurance for my family. They are always friendly and warm, and they always keep in touch. I feel happy to be a part of this insurance company.”


Clearsurance
“They are great to work with when I had to make homeowner insurance claims, but their prices went up too much. I had to go elsewhere.”


Clearsurance
“The independent agency has great customer service. Returns calls and email timely. Very easy to work with. Meemic gives back to the community and schools. I have needed to file a claim a few times and each time is painless and agents are helpful and caring.”


Better Business Bureau
“Service is slow and usually requires several iterations with multiple people on a single topic to get the right answer or outcome. Premiums start low and grow quickly. During the claim process, corners are cut in the settlement process, resulting in the customer being shorted. In the end, higher premiums elsewhere will be a wash compared to Meemic (if you need to actually start a claim).”


TrustedChoice.com's Final Review

We award Meemic a final rating of 3.5 out of 5 stars. The insurance company has seven decades worth of experience in the insurance industry, which is noteworthy and respectable. While the carrier is ranked highly through A.M. Best, its BBB rating is lower than many modern carriers out there, and Meemic is not accredited through the organization. Meemic currently only offers coverage in four states, which greatly limits their reach, but the carrier does offer several types of insurance to cater to a larger range of customers within those areas. The insurance company provides 24/7 claims reporting and other modern customer service options like online bill pay, and requesting quotes or getting matched with an agent through the website. While there are plenty of glowing reviews about the carrier, customer feedback is fairly mixed overall. So, if you’re in need of a new insurance company, we say go ahead and consider Meemic, but look into your other options with an independent insurance agent, as well.

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