(800) 253-1482Safeco Insurance – History, Quotes, and Policies
Summary: With more than 100 years of experience, Safeco continues to help policyholders with their property and casualty needs. There are many affordable options available and innovative, modern features including their app, roadside assistance, accident forgiveness, and more that policyholders love. As a highly rated carrier with positive customer service, Safeco Insurance is a great option for anyone looking to protect themselves from potential perils. Estimated Read Time: 7 mins
Quick Facts About Safeco:
- Standard or Non-Standard: Both
- Mutual or Stock: Standard
- NAIC Number: 39012
- Headquarters: 175 Berkeley St., Boston, MA, 02116
- CEO: Matthew Nickerson
- M. Best Rating: A (Excellent)
- BBB Rating: A-
- Products Offered: Auto, Boat, Commercial, Condo, Home, Landlord, Motorcycle, Renters, RV, Umbrella, and much more.
- Features You’ll Love:
- Safeco is noted for its strong financial backing and excellent customer service.
- You have plenty of options for personalizing your coverage and qualifying for discounts to save on premiums.
- The Safeco app, accident forgiveness, roadside assistance, and other modern features continue to elevate service and accessibility for policyholders.
Table of Contents:
- How Much is Safeco Insurance?
- Is Safeco Insurance Good?
- Safeco’s Policy Options
- Does Safeco Cover Rental Cars?
Hawthorne K. Dent founded Safeco in 1923 to help provide innovation to the insurance industry. However, back then, the insurance startup wasn’t known to the world as it is today but rather the General Insurance Company of America
Known as The General for short, the company was founded in Seattle, WA, and started gaining a positive reputation for its customer service and competitive pricing.
The Northeast had the majority of focus from the insurance industry at the time but Dent’s company continued to find opportunity throughout the West Coast and even managed to move towards the east over time.
Finally, in 1953, the company created a subsidiary known as Selective Auto and Fire Insurance Company of America (SAFECO) as a way to maintain a presence nationally against larger competitors.
The Safeco Insurance Company began using computers to automate its processes and it didn’t take long before the business entered the life insurance market as well as offering commercial coverage and mutual funds.
This success would birth a complete rebrand that would have the entire company renamed the Safeco Corporation. Following several more decades of success, Safeco was able to purchase American States Financial Corporation, in 1997, doubling its number of agents.
While this opportunity provided Safeco insurance companies the chance to establish a greater presence in the Midwest and East, along with increasing commercial lines of coverage, the company would end up facing a financial down period before a return to form in the early ‘00s.
In 2002, Safeco recommitted to competitive pricing, disciplined underwriting practices, and using technology for automation. A few years later, the company sold its investment and life division to hone in on property and casualty insurance.
These moves worked and righted the ship. Things went so well that Safeco caught the attention of Liberty Mutual Insurance and became a part of the entity in 2008.
Today, you’ll note the high praise of Safeco's customer service, widespread availability of agents, impressive product offerings, and financial strength.
With Safeco and Liberty Mutual combining forces, the carrier is now one of the leading insurers providing more than 90 years of experience for policyholders and continues to innovate for the future.
How Much is Safeco Insurance?
The cost of Safeco Insurance will vary depending on your needs, personal factors, regional trends, and much more. This includes the type of insurance you need, where you live, your claims history, etc.
If you’d like an accurate, personalized Safeco Insurance quote, you can get one easily by either contacting an agent online or by calling (972) 798-3769. Below, view Texas averages for Safeco home and auto coverages near you:
Safeco Auto Insurance Quotes from Texas Cities
Safeco car insurance policies are popular for drivers looking to protect themselves with personalized policies and save while doing it. There are several factors that can affect your rates, however, here are some full coverage averages found across Texas:
- Arlington - $101 per month
- Austin - $91 per month
- Corpus Christi - $104 per month
- Dallas - $99 per month
- El Paso - $85 per month
- Fort Worth - $92 per month
- Houston - $109 per month
- Lubbock - $87 per month
- Plano - $104 per month
- San Antonio - $90 per month
Your Safeco auto insurance quote is only a few clicks away.
Safeco Home Insurance Quotes from Texas Cities
If you own a home, it’s important to protect it along with your personal property and yourself from liability. Coverage from a Safeco homeowners insurance policy is affordable, reliable, and can be customized to meet your needs. Here are the average premiums Texans pay:
- Arlington - $1738 annually
- Austin - $1595 annually
- Corpus Christi - $2045 annually
- Dallas - $1639 annually
- El Paso - $1294 annually
- Fort Worth - $1592 annually
- Houston - $2303 annually
- Lubbock - $1459 annually
- Plano - $1810 annually
- San Antonio - $1395 annually
Get your Safeco home insurance quote online with no obligation for a personalized approach.
Is Safeco Insurance Good?
Most Safeco Insurance reviews remain positive as its customer service and financial strength remain some of the best in the industry. This is solidified by the company’s A (Excellent) rating from A.M. Best along with the A- rating from the Better Business Bureau (BBB).
You’ll note that there are many different insurance products and discounts available to Texans looking to protect their property. Overall, Safeco remains a Lone Star favorite that is a trusted option for protecting your property and finances with affordable coverage.
Safeco’s Policy Options
Whether it’s your home, auto, business, or more, there are lots of options from Safeco that are available. Take a closer look below at the many P&C coverage options offered by the carrier and how they can help you stay protected:
Safeco Auto Insurance
There are many insurance coverages for your vehicle through Safeco, including liability, full coverage, and more. However, what sets Safeco auto insurance apart from the rest are the great features you enjoy when you’re a policyholder. This includes diminishing deductibles when you renew, cash back for being claims-free, and accident forgiveness.
Safeco Home Insurance
According to TDI, Safeco is one of the leading home insurance providers in the state of Texas. You can protect your home with personalized coverage and save when doing so.
This includes the many Safeco homeowners insurance discounts available, such as for having a new home, bundling discounts, safety feature discounts, and more.
Safeco Renters Insurance
If you rent a home or apartment, the structure may be protected by your landlord, but your personal property is not.
You may also be held liable for injuries that happen in your home. You can protect yourself with a Safeco renters insurance policy to help protect against perils, such as fires, theft, and liability.
Safeco Motorcycle Insurance
When you enroll in motorcycle coverage, not only do you get liability coverage but 24-hour roadside assistance and OEM manufacturer parts coverage comes standard.
You can even add additional coverages to further personalize your protection. All of it is available at an affordable rate with many different discounts available.
Safeco Business Insurance
Safeco has commercial policies thanks to its parent company Liberty Mutual, in collaboration with Tivly, which offers tailored business solutions encompassing property and liability coverages for over 300 business types.
There are many different solutions for your company, including a Business Owner's Policy (BOP), combining property and general liability insurance for smaller businesses, and commercial products aimed at helping companies with more complex needs.
Commercial Package: Offers broader coverage options and higher policy limits suitable for small to midsize businesses with complex needs.
No matter if you’re in need of general liability, property coverage, or custom coverage, you can find the right policy to meet the needs of your business.
Safeco Umbrella Insurance
If you are hit with a lawsuit or found liable for damages to another party, your home and auto coverage can only help so much. A Safeco umbrella insurance policy will provide you and your assets with financial protection that is an affordable safety net for greater peace of mind.
Safeco Condo, Landlord, Boat Insurance, and More
When it comes to your property and casualty needs, Safeco offers a wide range of insurance products. Whether it’s personalized coverage for your condo, boat insurance products, or landlord coverage, you’ll find the right protection with Safeco Insurance. To meet your needs.
Does Safeco Cover Rental Cars?
Your coverage may include protection when renting a car, however, this varies from policy to policy and person to person. Furthermore, how you are protected will vary, depending on the coverage you’re enrolled in.
For example, if you have liability coverage and your rental is covered, but a tree falls on your rental while it’s parked, your personal car insurance policy won’t be of any help.
When determining whether to purchase rental car insurance, you’ll need to speak with your agent to understand how your policy protects you and the potential gaps in coverage you may need to protect against.
Additionally, if you have a Safeco car insurance policy, speaking to your credit card company is also important as many cards offer protection when renting a vehicle.
Does Safeco Cover Turo?
Just like a traditional rental transaction, Safeco may cover your Turo rental, but you need to check the details of your policy and potential coverage gaps beforehand. Speaking with an agent before using Turo is critical because some policies outright exclude coverage when using the carsharing service.
