You can lower your Safeco car insurance costs by taking advantage of Safeco discounts, opting for a higher deductible, and reducing your coverage, among other things. Safeco considers a variety of factors when calculating your premium, though some – like your age and location – are out of your control. Fortunately, you can take steps to influence other factors in order to lower your rate.
How to Lower the Cost of Car Insurance from Safeco
Use Safeco’s auto insurance discounts
Safeco offers a wide variety of discounts that can help you lower your overall car insurance bill. For example, drivers can get a discount if they've been accident free for a certain period of time. Or you can save on your premium if you have more than one policy with Safeco.
Raise your car insurance deductible
Opting for a higher deductible on any of your insurance policies from Safeco can lower your premium. But if you decide to go this route, it’s important that you choose a deductible amount that you can still afford if you suddenly need to file a claim. Otherwise, you might not be able to use the coverage that you have.
Reduce your car insurance coverage
Most states require a certain amount of bodily injury liability and property damage liability coverage. But there are other coverage options (like comprehensive, collision, personal injury protection, and uninsured motorist) that you may not have to purchase, depending on your state.
Less coverage usually means lower premiums, but it could also lead to higher costs in the long run, so it’s important to approach coverage decisions with caution.
Improve your driving record
Practicing safe driving habits and avoiding moving violations can help you qualify for lower Safeco insurance rates long-term. You may also be able to attend traffic school in order to remove a violation or points from your record, depending on your state. Safeco even offers a discount to drivers who take an approved defensive driving course.
Build and improve your credit
Because your credit history is correlated with your likelihood of filing an insurance claim, Safeco uses your credit data to calculate your premium in states where it is legal. As a result, having good credit makes you less of an insurance risk, which will reduce your rates over time.
Whether you can shorten your commute to work, use more public transportation, or even ride a bicycle more, driving fewer miles each year could lower your Safeco premium.
Drive an insurance-friendly car
Expensive cars, sports cars, and cars with high rates of theft are considered to be riskier to insure than cheaper, more practical vehicles. Before you buy a new car, get a new quote from Safeco to see how it will affect your rate. If the cost is out of your budget, then you should probably choose a different car.
Sign up for RightTrack
RightTrack, the Safeco telematics program rewards you for good driving with a discounted premium. Specifically, RightTrack tracks miles driven, acceleration, braking, and the time of day that you drive. By using RightTrack, drivers can save up to 30% on their rate.
Finally, if you’re still struggling to afford your Safeco policy, you should consider switching insurers. Even if you’re not actively looking for a new policy, it’s generally a good idea to compare quotes from three different companies every 6-12 months. To learn more, check out WalletHub’s guide to switching car insurance companies.
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