Safeco Auto Insurance Pricing

In our research, Safeco did very well when ranked among other insurance companies based on rates. Its average policy premium is $1,373 per year, which is just $222 more than USAA, the lowest-priced company on our list, although that company writes policies only for those who have served in the military and their families.

While you can expect competitive rates, understand that your rate will be dependent on a multitude of factors, including your location, age, car make and model, and driving history. Additionally, coverage options affect rates. Choosing full coverage over state minimum liability coverage will cost more. Insurance coverages such as rental car reimbursement will cause prices to increase even more.

Take a look at the discounts you might be eligible for with Safeco:

• Bundling with home insurance: You are eligible for a discount when you have both your home and auto insurance with Safeco.
• Safety features: Vehicles with safety features such as anti-lock brakes and anti-theft devices will help you save money on auto insurance.
• Multicar discount: If you insure more than one vehicle with Safeco, you are eligible for this discount.
• Safe driver: Get a discount when you haven’t had an accident or ticket for a number of years.
• RightTrack device: Get a discount for signing up for the driver tracker. At the end of the policy term, you can save up to $513 on your base coverage premium for a good driving record. Base coverages include bodily injury, property damage, comprehensive collision, personal injury protection or medical payments, and uninsured motorist coverage.
• Defensive driver: This discount is for drivers age 55 or older who take and pass an approved defensive driving course. Drivers must renew this discount every three years.
• Student away: College students living 100 miles or more away from home without cars on campus are eligible for this discount.
• Good student discount: Students with GPAs of 3.0 or higher get a discounted rate on their auto insurance.
• Further education: Safeco considers those with four-year degrees or higher less risky than those who don’t have degrees, making Safeco a good auto insurance provider for college students.
• Occupational discount: Certain occupations get a discount. These include teachers, firefighters and police officers.
• Military discount: Active-duty military and retired military are eligible for this discount.
• Safeco Safety Rewards: This discount is for those who have less than one point on their driving records with no at-fault accidents within the past three years and no DUIs for the past 10 years.

Accident Forgiveness

If you’ve been with Safeco for a set number of years, you will be eligible for Safeco to waive the first accident. Having the accident waived means that you won’t see your rates rise for that one isolated incident. This benefit helps you save money in the long run.

Claims-Free Cash Back

During every policy term, you have the opportunity to earn a rebate on your policy premium. You could earn 2.5 percent of your policy premium back if you were claims-free over the six-month review period. The rebate adds up to 5 percent per year, since there are two policy terms, each of which is six months. You don’t need to do anything to get this rebate; Safeco will send it automatically at the end of the policy term when reviewing the policy for renewal.

Diminishing Deductible

A diminishing deductible applies to the collision deductible of the policy. The deductible decreases each year if you don’t file a claim for collision. You can reduce your deductible by a total of $500 by maintaining a claims-free record for five years.

New-Vehicle Replacement

This coverage option is vital if you have a new car with fewer than 15,000 miles. If you total the car or someone steals it, Safeco will pay you to replace the car with a comparable new car.

Safeco serves all 50 states through its underwriting companies, all of which are part of the Liberty Mutual Group. Each company is a separate and legal entity. Here is a list of these companies and the states each serves:

• America First Insurance Co.: Arkansas, Georgia, Kansas, Louisiana, Missouri, New Hampshire, New Mexico, Oklahoma, South Carolina, Tennessee, and Texas
• America First Lloyd’s Insurance Co.: Texas
• American Economy Insurance Co.: All states and the District of Columbia, except New Jersey
• American Fire and Casualty Co.: All states and the District of Columbia, except Hawaii
• American States Insurance Co.: All states and the District of Columbia
• American States Insurance Company of Texas: Alabama, Arizona, Arkansas, California, Colorado, Georgia, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Nebraska, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, North Dakota, Tennessee, Texas, Utah, and Washington
• American States Preferred Insurance Co.: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and the District of Columbia
• Colorado Casualty Insurance Co.: Alabama, Arizona, Colorado, Florida, Georgia, Idaho, Illinois, Kansas, Louisiana, Missouri, Montana, Nevada, New Hampshire, New Mexico, North Carolina, Oregon, South Carolina, Texas, Utah, Washington, Wisconsin, and Wyoming
• Consolidated Insurance Co.: Florida, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, New York, Ohio, Tennessee, Washington, and Wisconsin
• Employers Insurance Company of Wausau: All states and the District of Columbia
• Excelsior Insurance Co.: Connecticut, Delaware, Georgia, Indiana, Kentucky, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Vermont, Virginia, and the District of Columbia
• First National Insurance Co.: All states and the District of Columbia
• General Insurance Company of America: All states and the District of Columbia
• Hawkeye-Security Insurance Co.: Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, and Wisconsin
• Indiana Insurance Co.: Florida, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, New Jersey, New York, Ohio, Tennessee, Washington, and Wisconsin
• Insurance Company of Illinois: Arizona, California, Colorado, Delaware, Illinois, Indiana, Iowa, Kansas, Maryland, Michigan, Missouri, Nebraska, Nevada, Ohio, South Dakota, Virginia, Wisconsin, and the District of Columbia
• Liberty County Mutual Insurance Co.: Texas
• LM Insurance Corp.: All states and the District of Columbia
• Liberty Mutual Mid-Atlantic Insurance Corp.: Connecticut, Delaware, Florida, Georgia, Kentucky, Maryland, Massachusetts, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia
• Liberty Northwest Insurance Co.: Alaska, California, Idaho, Massachusetts, Montana, Oregon, Pennsylvania, Utah, Washington, and Wyoming
• Mid-American Fire & Casualty Co.: Indiana, Iowa, Kentucky, New Hampshire, Ohio, West Virginia, and Wisconsin
• The Midwestern Indemnity Co.: Alabama, Arkansas, Connecticut, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Virginia, West Virginia, and Wisconsin
• Montgomery Mutual Insurance Co.: Delaware, Florida, Maryland, Massachusetts, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia
• The Netherlands Insurance Co.: All states and the District of Columbia except Florida
• North Pacific Insurance Co.: Alaska, Idaho, Montana, Oregon, Utah, and Washington
• The Ohio Casualty Insurance Co.: All states and the District of Columbia
• Ohio Security Insurance Co.: All states and the District of Columbia except Hawaii
• Oregon Automobile Insurance Co.: Alaska, Idaho, Montana, Nevada, Oregon, Utah, and Washington
• Peerless Indemnity Insurance Co.: All states and the District of Columbia
• Peerless Insurance Co.: All states and the District of Columbia except Hawaii
• Safeco Insurance Company of America: All states and the District of Columbia
• Safeco Insurance Company of Illinois: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming
• Safeco Insurance Company of Indiana: Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, North Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and the District of Columbia
• Safeco Insurance Company of Oregon: Georgia, Louisiana, Oregon, and Washington
• Safeco Lloyds Insurance Co.: Texas
• Safeco National Insurance Co.: Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Tennessee, Utah, Virginia, West Virginia, Wisconsin, and Wyoming
• Safeco Surplus Lines Insurance Co.: All states except West Virginia
• West American Insurance Co.: All states and the District of Columbia except Hawaii

You can cancel your insurance policy at any time. Simply call your local agent or use the customer support line at 800-332-3226. When you cancel, Safeco will return any unearned premium to you within a couple of weeks.

Hawthorne K. Dent founded Safeco in 1926 with the original name the General Insurance Company of America. The company referred to itself as “The General” for convenience and became a West Coast example of competitive prices with excellent service. This isn’t to be confused with The General auto insurance carrier known today.

In 1953, The General created a subsidiary called Selective Auto and Fire Insurance Company of America, or SAFECO. This subsidiary used computer automation tools to help it succeed among fast-growing national carriers. Management renamed it Safeco Corp. in 1960.

The company continued to grow over the decades, selling off its life and investments division in 2004 so that it could focus on property and casualty insurance. It became a part of the Liberty Mutual family in 2008, giving it the financial resources to grow and handle claims.

Safeco has an A (Excellent) financial strength rating from AM Best¹ and an A1 rating from Moody’s.² These ratings reflect a company that has the financial resources to handle catastrophic claims, suggesting a high level of financial solvency.

You can contact Safeco directly at (800) 332-3226. You may also reach out to your independent agent for help and support.

Safeco auto insurance is a competitively priced carrier that focuses on customer service to help you save money through discounts. The company is not as well known as its parent company, Liberty Mutual, but that shouldn’t deter you from taking advantage of the savings.