Chris Tepedino is a feature writer that has written extensively about car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, research investigative pieces…

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states…

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Reviewed byRachael Brennan
Licensed Insurance Agent for 14 Years

UPDATED: Sep 5, 2020

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Safeco was originally founded back in 1923. The company started out in Seattle, WA, and slowly started to spread east from there. Safeco is actually an acronym for Selective Auto and Fire Ensurance Company. Although they were acquired by Liberty Mutual back in 2008, the company still operates under their original brand name as a subsidiary of Liberty Mutual Group.

Safeco Insurance Review

The ratings for Safeco look pretty decent. They have a stable rating of “A” from AM Best, an average complaint ratio according to the NAIC, and their parent company, Liberty Mutual, has an A+ rating with the BBB. However it’s worth noting that, despite a high rating with the BBB, 92% of the 243 reviews posted to the BBB website are negative.

Ratings AgencyRating
Better Business BureauA+
A.M. BestA
NAIC1 (equal to the market average of 1)

Safeco Insurance Discounts

It should come as no surprise that Safeco, like the vast majority of automotive insurance providers out there, uses discounts in order to keep current customers happy while also trying to attract new business. Some of the discounts you might qualify for with a Safeco policy include:

Discount TypeMaximum Possible Savings
Good Driver20%
Mature Driver5%
Good Student2%
Student Away at School10%
Affinity Group3-10%
Alumni of Recognized 4-year College10%

Safeco Auto Insurance Options

There are a few unique coverage options which come with every policy that Safeco issues. Those include:

  • First Aid Reimbursement – Up to $10,000 of reimbursement coverage
  • Accident Forgiveness – remain accident- and ticket-free for a set number of years, and your first accident will be forgiven
  • Diminishing Deductible – Your deductible is reduced by $100 for each year that you remain claim-free. Maximum of $500 reduction

And in addition to the state minimum requirements for coverage where you live, you can choose to purchase optional coverages, or larger coverage amounts of the coverage required by your state:

  • Collision
  • Comprehensive
  • Roadside Assistance
  • Rental Car Reimbursement
  • Liability (Property Damage and Bodily Injury; required in most states)
  • PIP and Medical Payments (required in some states)
  • Uninsured/Underinsured Motorist (required in some states)
  • Emergency Assistance Package (roadside assistance + reimbursement for certain expenses if you have an accident more than 25 miles from home)
  • Loan/Lease Coverage
  • Electronic Key and Lock Replacement
  • CD and DVD Replacement
  • New Car Replacement
  • Audio-Visual and Custom Equipment Coverage
  • Pet Coverage
  • Personal Property Coverage

Comparing Safeco Insurance Quotes

The quote you get from Safeco, should you request one, will vary depending on your personal circumstances. Some of those include your age, driving history, credit score, and the type of vehicle (or vehicles) you want to insure. Below, you can see how certain circumstances may alter your quote:

Safeco Auto Insurance Quote Comparison Legend: Safeco Young Male Driver < 25 Single Male Renter Young Female Driver < 25 Single Female Renter Married Homeowners Married Senior Couple 10 20 30 40 50 60 70 80 90 100 110 120 $124 $71 $116 $72 $122 $105

Based on the estimated quotes in this chart, it seems as though Safeco charges different rates based on the same risk metrics that other automotive insurance companies do. Some of the higher rates are going to younger drivers, especially males, and lower quotes are reserved for older drivers who are less likely to get into accidents (and therefore file claims). So if your risk profile is fairly low, you might have the opportunity to save money.

Pros and Cons of Safeco Insurance

Strong financial standing as a subsidiary of Liberty Mutual GroupMixed reviews on overall auto insurance service
Policy features include accident-forgiveness and diminishing deductibleNot available in all states

As a subsidiary of Liberty Mutual, drivers can rest assured that they have the financial strength to pay out on any claims you may need to file. Their insurance rates are also competitively priced, especially for drivers who have a low risk profile. However, Safeco isn’t available in all states; there are 5 states in the northeast where Safeco does not operate. All things considered, it probably isn’t a bad idea to include a quote from Safeco when you start comparison-shopping for your next auto insurance policy.

Corporate Headquarters
175 Berkeley Street
Boston, MA 02116
Phone: 617-357-9500