Safeco Auto Insurance Review for 2023
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Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Nov 27, 2023
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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.
|Better Business Bureau||A+|
|NAIC||1 (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 Type||Maximum Possible Savings|
|Student Away at School||10%|
|Alumni of Recognized 4-year College||10%|
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:
- 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:
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 Group||Mixed reviews on overall auto insurance service|
|Policy features include accident-forgiveness and diminishing deductible||Not 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