Safeco Insurance Review
Safeco Insurance is rated 2.9/5 by WalletHub’s editors, based on customer reviews, insurance quotes, and ratings from organizations such as the Better Business Bureau (BBB) and J.D. Power. Despite strong scores in its claims process, Safeco scored poorly when it comes to customer service, discounts offered and cost.
Safeco’s NAIC rating is also 1.25. That means Safeco reviews from consumers include more complaints than the average car insurance provider its size gets. Many of those complaints focus on poor all-around customer service and unexpected rate increases.
Safeco Insurance Ratings
- Reviews on WalletHub: 2.2/5
- J.D. Power: 4.1/5
- NAIC: 1.25
- BBB: A+
- AM Best: A
- Standard & Poor’s: A
- Moody’s: A2
Auto Insurance Review Highlights
Rank — Third quartile among major car insurance companies, according to WalletHub’s price comparison.
Top Discounts — Diminishing deductible, anti-theft, homeowners, and RightTrack® (driving monitoring program).
Basic Coverage Options — Bodily injury liability, property damage liability, medical payments, comprehensive, collision, and uninsured/underinsured motorist.
Extra Coverage Options — Accident forgiveness, emergency roadside assistance, and new car replacement.
Other Specialty Auto Insurance — Rideshare coverage, recreational vehicle insurance, and classic car insurance.
To help drivers better understand how much Safeco car insurance costs, WalletHub’s editors obtained sample Safeco auto insurance quotes for a mix of driver profiles varying in age and driving record. You can learn more about these sample quotes in the Methodology section of our full Safeco Insurance review.
Safeco Auto Insurance Quotes
|Driver Profile||Average Quote|
|18-Year-Old||$162 / month|
|21-Year-Old||$101 / month|
|45-Year-Old||$84 / month|
|45-Year-Old with a Speeding Ticket||$93 / month|
|45-Year-Old with a DUI||$116 / month|
|55-Year-Old||$82 / month|
|65-Year-Old||$84 / month|
Safeco does not have the most competitive car insurance rates in the industry, but they’re not the most expensive rates you’ll find, either. Safeco ranks in the third quartile major companies in WalletHub’s price comparison.
Safeco Home Insurance Review Highlights
Safeco offers homeowners, renters and condo owner insurance policies that won’t cost a fortune. There’s coverage for landlords, too.
Homeowners insurance from Safeco covers damage to your house, as well as other structures on your property, from risks like fire, storm damage, or a tree falling through a roof. A Safeco homeowners policy will also pay for temporary living expenses if you can’t stay home while damage caused by a covered peril is being repaired.
For renters, Safeco policies offer protection for personal belongings from damage or theft while they’re in your rental home or with you anywhere else in the world. Renters policies from Safeco will also cover legal fees if someone else gets hurt while visiting you at home.
Condo insurance from Safeco provides coverage where your building’s master insurance policy falls short. It will cover your personal belongings and any damage that occurs inside your unit, including damage to appliances, light fixtures, flooring and more. It will also cover medical fees if you or a guest is injured in your condo.
Finally, landlords can count on Safeco to protect their rental properties (up to 16 units) from damage. Safeco policies also protect landlords from liabilities like wrongful entry or wrongful eviction lawsuits.
Bottom Line: Is Safeco a Good Insurance Company?
Safeco is a pretty good insurance company. WalletHub’s editors give Safeco a rating of 2.9/5 because of its large network of insurance agents, long list of coverage options, and good claims process.
However, Safeco can do better when it comes to its customer service and prices. Safeco also isn’t the best choice for people who prefer to buy insurance directly, without a middleman, as Safeco requires customers to complete purchases through an independent agent.
To learn more, read WalletHub’s complete Safeco Insurance review, or check out some of the reviews from fellow consumers below.