Safeco car insurance costs an average of $1,006 per year ($84 per month) for a minimum-coverage policy, which is more than the national average of $720 per year. The exact cost of auto insurance with Safeco depends on factors such as a driver’s history on the road, age, state, and coverage limits. For example, full coverage insurance from Safeco costs an average of $3,050 per year.
Average Cost of Safeco Car Insurance by Category
Average Annual Premium
After a Speeding Ticket
Recent At-Fault Accident
Safeco determines car insurance rates by considering the likelihood of the driver filing a claim in the future. Some drivers, like teens or drivers who recently caused an accident, are considered to be especially high-risk, so they’re charged higher rates than the average policyholder. The good news is that Safeco offers several discounts that drivers can use to save on their rate, including a multi-vehicle and multi-policy discount.
To see how much a Safeco policy will cost you, you can go online or call 833-209-9450. You can also learn more by checking out WalletHub’s Safeco car insurance review.
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.… read full answer
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.
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 save 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.
Safeco insurance rates go up by an average of 41% after an accident. Drivers who have Safeco accident forgiveness will not see their car insurance rates go up at all after their first accident in a certain number of years, however. Even if the accident can’t be forgiven, it will only affect your insurance rate for … read full answer3-5 years, depending on your state.
The exact amount that premiums go up after an accident depends on a few factors, including who was at fault, how much damage was caused, and the policyholder’s driving and claims history. In general, at-fault accidents or severe accidents that lead to expensive insurance claims increase rates more than minor or not-at-fault wrecks. Repeat offenders also see relatively large rate hikes.
Safeco car insurance premiums go up by an average of 11% after a speeding ticket, according to WalletHub’s analysis. The exact amount that a driver’s rate will go up after a ticket depends on a few factors, including their state, how fast they were going, and their previous driving history.
For example, a speeding ticket will cause your Safeco rate to go up by 83% in Oklahoma, compared to only 9% in Kentucky. And if you’ve received other tickets within the past few years, you’ll face higher penalties than first-time offenders because Safeco may consider you a high-risk driver.
The good news is that a speeding ticket will only affect your Safeco insurance for 3-5 years, depending on your state. In the meantime, there are steps that you can take to lower your rate. For example, you may be able to take a defensive driving class to remove the ticket from your record. You can also lower your coverage or check Safeco’s discounts to see what you can qualify for.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.