Safeco Auto Insurance Pricing

Safeco’s full coverage rate is on par with the national average of $2,356. Minimum coverage from Safeco is 12 percent above the national average of $722. Your rate will be dependent on a multitude of factors, including your location, age, car make and model, chosen coverage levels, and driving history.

>>RELATED: Check out our in-depth review of Safeco.

Safeco offers a wide variety of discounts to help you pay less for car insurance. You can save on your policy in the following ways:

• Safety features: Safeco may offer a discount if your vehicle includes modern safety features such as anti-lock brakes or anti-theft devices.
• Multicar: If you own more than one car in your household and insure them both with Safeco, you could be eligible for a discount.
• Safe driver: Safeco’s Safe Driver discount is offered to those who have not received a moving violation or been involved in an accident for at least three years.
• Small claim forgiveness: Safeco won’t raise your premiums if your claim totals less than $750.
• Bundling: Drivers who combine their auto and home insurance policies may save up to 15 percent with Safeco.
• RightTrack device: Receive a discount of up to 10 percent just for signing up for the RightTrack telematics discount. At the end of the policy term, you can save up to 30 percent 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.
• New teen: In some states, Safeco offers a discount to drivers who have been a customer for at least a year and have a new teen on their policies.

Safeco may offer additional discounts. If you would like to learn about the full range of Safeco discounts, call 800-332-3226.

Safeco auto insurance policies provide a range of standard and optional coverages. The table below shows the coverage types available from Safeco:

Accident Forgiveness

Safeco waives the first accident for customers without an at-fault collision or violation for a set number of years. This means you won’t see your rates rise after a minor incident, helping you save money in the long run. Safeco’s accident forgiveness is not available in California.

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. Claims-free cashback is not available in every state.

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

If you total the car or someone steals it, Safeco will pay you to replace the car with a comparable new car. We recommend this type of coverage for all vehicles with less than 15,000 miles.

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.

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 the unused portion of your paid premium 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.

Safeco has an A (Excellent) financial strength rating from AM Best,² an A2 (good) rating from Moody’s,³ and an A- from Standard and Poor.⁴ 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 support.

Safeco auto insurance has moderately priced rates and extra discounts for claims-free customers. The provider also offers some additional coverages to give extra protection on the road, including new-car replacement. With the backing of its parent company, Liberty Mutual, you can count on Safeco to have the financial backing for claims payouts.