Safeco Auto Insurance Review for 2020

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Chris Tepedino is a feature writer that has written extensively about auto insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and Cinncinati.com. ...

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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. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Reviewed by Rachael Brennan
Licensed Insurance Agent

UPDATED: Nov 17, 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 Agency Rating
Better Business Bureau A+
A.M. Best 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
Good Driver 20%
Mature Driver 5%
Good Student 2%
Student Away at School 10%
Multi-Policy 10-25%
Multi-Car 20%
Airbag 2%
Affinity Group 3-10%
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:

  • 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 ComparisonLegend: Safeco Young Male Driver < 25Single Male RenterYoung Female Driver < 25Single Female RenterMarried HomeownersMarried Senior Couple 102030405060708090100110120$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

Pro Con
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
www.safeco.com
Phone: 617-357-9500

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