Meemic Insurance Company, Michigan: overview, Services, Finances, Coverages, Claims and Reviews

Are you looking for a reliable and affordable insurance company that caters to the needs of educators and staff in Michigan? If so, you might want to consider Meemic Insurance Company as your choice.

an image illustration of Meemic Insurance Company, Michigan
Meemic Insurance Company, Michigan

In this blog post, we will discuss the Meemic Insurance Company overview, services, finances, coverages, claims and reviews

Meemic Insurance Company Details

Meemic Insurance Company was founded in 1950 by a group of teachers who wanted to provide quality insurance coverage for their fellow educators.

Since then, Meemic has grown to serve more than 200,000 members in Michigan, Wisconsin, Illinois, and Georgia.

Meemic is a subsidiary of Auto Club Group, the second-largest AAA club in North America.

Meemic has a market share of about 1.5% in Michigan’s personal auto insurance market and about 0.8% in Michigan’s homeowners insurance market.

The company has about 400 employees and more than 100 independent agents across its service areas.

Basic Information

Here is a table that summarizes some basic information about Meemic Insurance Company:

Phone Number Address Customer Service Contact Policy Details Email Address Fax Number Operating Hours
800-362-4030 1685 N. Opdyke Rd., Auburn Hills, MI 48326 Contact Us or Find an Agent1 Auto, Home, Umbrella, Boat, and Other Products1 Email Form 248-370-0500 Monday-Friday: 8:00 a.m. – 4:30 p.m. ET

Meemic Insurance Company Services & Products

The company offers a variety of insurance products for educators and staff, including:

  • Auto Insurance: Meemic provides comprehensive coverage for your car, including liability, collision, comprehensive, medical payments, uninsured/underinsured motorist, rental reimbursement, roadside assistance, and more.
  • Home Insurance: Meemic protects your home and personal property from perils such as fire, theft, vandalism, windstorm, hail, and more. You can also add coverage for personal liability, identity theft, water backup, equipment breakdown, and more.
  • Umbrella Insurance: Meemic offers extra liability protection beyond your auto and home policies. You can choose from $1 million to $5 million in coverage to protect yourself from lawsuits and claims arising from bodily injury, property damage, libel, slander, and more.
  • Boat Insurance: Meemic covers your boat or personal watercraft from damage or loss caused by collision, theft, fire, vandalism, sinking, and more. You can also add coverage for liability, medical payments, uninsured/underinsured boater, towing and labor, and more.
  • Other Products: Meemic also offers other insurance products such as life insurance, motorcycle insurance, RV insurance, snowmobile insurance, and flood insurance through its partner companies.

Meemic Insurance Company Financial Details

The company strives to offer competitive and affordable rates for its members.

Premium costs of its policies depend on various factors such as your location, vehicle type, driving history, home value, coverage limits, deductibles, and discounts.

Meemic offers several payment options for its members.

You can pay your bill using a debit card, Visa, Mastercard, or electronic check online or by phone.

One can also pay by mail or in person at your agent’s office.

You can choose to pay your bill monthly, quarterly, semi-annually, or annually.

Meemic also offers various discounts and promotional offers for its members.

Some of the discounts that you can qualify for are:

  • Educator Discount: This is a discount that you can get if you are a current or retired educator or staff member in a public, private, parochial, or charter school; a college or university; or an educational association.
  • Good Student Discount: This is a discount that you can get if you are a student under 25 years old who maintains a B average or better in school.
  • Anti-Theft Device Discount: This is a discount that you can get if your vehicle has an anti-theft device such as an alarm, immobilizer, or tracking system.
  • Safety Feature Discount: This is a discount that you can get if your vehicle has safety features such as airbags, anti-lock brakes, or daytime running lights.

Meemic has a claim payout ratio of 66.7%, which means that it pays out $0.67 in claims for every $1 in premiums collected.

This is slightly lower than the industry average of 69.4%, which indicates that Meemic is efficient and profitable in its operations.

Meemic Insurance Company Coverage Details

Meemic Insurance Company provides comprehensive and flexible coverage for its members.

However, there are some policy exclusions that you should be aware of.

For example, Meemic does not cover:

  • Damage or loss caused by wear and tear, mechanical breakdown, or intentional acts.
  • Damage or loss caused by war, nuclear hazard, or government action.
  • Liability arising from business or professional activities, racing, or criminal acts.

Meemic also has coverage limits for its policies, which are the maximum amounts that it will pay for a claim.

You can choose your coverage limits based on your needs and budget. For example, Meemic offers:

  • Liability coverage limits from $20,000 to $500,000 per person and from $40,000 to $1 million per accident for bodily injury; and from $10,000 to $1 million per accident for property damage.
  • Collision and comprehensive coverage limits based on the actual cash value of your vehicle.
  • Medical payments coverage limits from $1,000 to $10,000 per person per accident.
  • Uninsured/underinsured motorist coverage limits from $20,000 to $500,000 per person and from $40,000 to $1 million per accident for bodily injury; and from $10,000 to $1 million per accident for property damage.

Meemic Insurance Company Claims

Meemic Insurance Company makes it easy and convenient for its members to file and track claims.

You can start a claim online in the Claims Center, by phone at 800-231-5770, or by contacting your agent.

You can also report an auto glass claim at 888-623-2155.

To file a claim, you will need to provide some information such as:

  • Your policy number and contact information
  • The date, time, and location of the incident
  • The details of the incident and the damage or loss
  • The names and contact information of any other parties involved
  • The names and contact information of any witnesses
  • The police report number if applicable

You will also need to submit some documents for your claim such as:

  • Photos of the damage or loss
  • Repair estimates or invoices
  • Medical bills or records
  • Receipts or proofs of purchase

Meemic Insurance Company Customer Experiences

Meemic Insurance Company has a reputation for providing excellent customer service and satisfaction to its members.

FAQs

What is Meemic Insurance Company? Meemic Insurance Company is an insurance company that specializes in providing coverage for educators and staff in Michigan, Wisconsin, Illinois, and Georgia. It was founded in 1950 by a group of teachers and is a subsidiary of Auto Club Group.

How can I contact Meemic Insurance Company? You can contact Meemic Insurance Company by phone at 800-362-4030, by email using the [Email Form], by fax at 248-370-0500, or by mail at 1685 N. Opdyke Rd., Auburn Hills, MI 48326. You can also find an agent near you using the [Find an Agent] tool.

What types of insurance does Meemic Insurance Company offer? Meemic Insurance Company offers auto, home, umbrella, boat, and other insurance products for its members. It also offers life, motorcycle, RV, snowmobile, and flood insurance through its partner companies.

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