The Safeco insurance company, a subsidiary of Liberty Mutual is one of the most trusted insurance companies in the world. Although Safeco is not the largest or most well-known insurer, it offers a broad range of insurance products including home, renters and pet coverage. Bankrate reviewed Safeco’s ratings and the types of coverage that are available to customers in order to give you a clear picture of its strengths and weaknesses.
Safeco auto insurance
It may be helpful to learn about the different options before you ask for a Safeco auto insurance quote. This will help you choose the right one.
Insurance
Safeco auto insurance covers the basic coverages like liability, collision, comprehensive and a few additional coverages to add more protection. Here is a list containing all the Safeco car insurance coverage options:
- Replacement car: If your vehicle is less then a year old, you could be eligible for a replacement model.
- Roadside assistance – Safeco offers towing to qualified shops nearby, flat tire repair and gas delivery through this coverage.
- Personal injury protection (PIP: This coverage covers you and your passengers’ medical bills as well as lost wages, regardless of fault.
- Medical payments: These help to cover your medical expenses and those of your passengers.
- Gap insurance: This will cover the difference in what you owe and what your vehicle may be worth when it is sold.
- Safeco offers a guaranteed repair network. This guarantees that your car will be repaired if it is serviced by a shop in the network.
- Rental car coverage: This coverage pays for the cost of rental car repairs following an accident.
Get Discounts
You don’t want to worry about whether a Safeco quote will exceed your budget so cheap car Insurance should be high on your priority list. Below is a list of car insurance discounts that Safeco offers:
- Accident forgiveness: This could help you avoid rising premiums.
- No claims cash back: Every six months, you could receive a check for 2.5% on your premium.
- RightTrack: Track while you drive and receive discounts to help you maintain safe driving habits.
- Multi-Policy : Combine multiple coverages like homeowners and auto insurance to Save up to 15%
- You can reduce your deductible by $100 per year, up to five years.
Safeco home insurance
It is important to understand the various home insurance coverage options before you request your Safeco insurance quote.
Insurance
Safeco provides standard home insurance coverage that includes dwelling, personal property, and liability coverage. These are additional home insurance options that Safeco offers:
- Identity Recovery: Covers the costs of identity theft.
- For valuable articles: This provides additional coverage for items that are more expensive, such as art and jewelry.
- Equipment breakdown: This is similar to a home warranty. It pays for repairs or replacements of household appliances and systems.
- Personal property replacement cost coverage: You could get up to the current market price to replace your items if they are damaged by a covered loss.
- You can be assured of a repair or replacement if you hire a Safeco-qualified expert.
Get Discounts
Home insurance is also available at a discount through Safeco. Here is a list of home insurance discounts that Safeco offers:
- Multi-policy: Combining your car and home policies can help you save money on your homeowners’ insurance.
- You might be eligible for a discount if your home is newer.
- Get a quote in advance: A sign up for coverage early could help lower your premium.
- Umbrella policy: You could be eligible for additional savings by adding an umbrella policy to homeowners insurance.
- Protective devices: To be eligible, add a smoke detector or security system.
Renters insurance from Safeco
Safeco offers a renters insurance policy that will give you peace of mind, knowing that your belongings will be covered no matter where they are located.
Insurance
Safeco provides all the standard renters insurance coverages as well as some extras. Here’s what you get with a Safeco Renters Policy:
- Personal property coverage: Insures personal property against loss.
- Liability: Safeco covers your guests’ injuries, damages, and legal fees.
- Additional living expenses: This coverage covers additional living expenses if you are unable or unable to live in your rental during repairs after a covered loss.
- Insurance coverage for identity theft: This covers the cost of replacing IDs, replacement cards and protecting your identity.
- Coverage for valuable articles: You can purchase greater limits to protect belongings with a higher value.
- Personal property replacement cost coverage: This protects you from paying for the purchase of new items.
Get Discounts
Renters insurance is one of the most affordable types of insurance. Although Safeco doesn’t offer renters insurance discounts, you can easily fit renters Insurance into your budget because it is usually low-cost. These are some ways that Safeco can help you save:
- Multi-policy: Get a discount on vehicle insurance by bundling with renters coverage
- To save potential, pay-in-full: You can pay your entire semi-annual or annual premium in advance.
Ratings, reviews, customer satisfaction, and complaints about Safeco
Safeco scores are lower than the average when it comes to Safeco reviews. The company’s financial strength is what makes it stand out, as A.M. Best has given it an ‘A’ rating.
Safeco’s 2020 J.D. Depending on which study you choose, power scores can range from average to poor. Safeco received 802 customer satisfaction points for home insurance. With a score range of 780-837 points, the company did slightly better in certain regions of J.D Power’s Auto Insurance Study. Based on the number of customers who asked for a quote within the last nine months, Safeco was the lowest-scoring mid-size insurer.
There are top reasons to choose Safeco
Although Safeco’s customer service is not rated highly, it could still be a good option for those who are looking for low rates. Safeco has a reputation for providing affordable premiums on most types of insurance and also offering a few discounts.
While policies are usually affordable, it can be difficult to receive claims payouts. Many people have voiced dissatisfaction about the Safeco insurance claims process. The company offers a mobile app that simplifies the Safeco insurance claims process and allows for quick access from anywhere.
Safeco’s cheap coverage may be the best option for you if you feel comfortable handling your policy online. Policyholders may be able to get affordable coverage if they don’t need to file claims or receive reimbursements often. This could also apply to those who aren’t persistent in their requests.
Safeco offers additional policies
Safeco is well-known for its home and car insurance but it also offers many other insurance options such as:
- Insurance for boats and watercraft
- Insurance for motorcycles
- Motorhome, motorhome and auto insurance
- Condo insurance
- Landlord insurance
- Pet insurance
Questions frequently asked
How can I file a Safeco insurance claim
Safeco makes it easy to file a claim. You can file a claim 24/7 online, or you could call Safeco to start the process.
How do I get a Safeco insurance quote?
Visit the website of Safeco to obtain a Safeco quote and answer a few questions. To request a customized quote, you can also call a Safeco agent.
Do I need to bundle my home and car insurance?
Safeco offers a simple way for you to save big by bundling your home and car insurance. Combining policies could save policyholders up to 15%
How do I find an independent agent to represent my interests?
Simply Enter your ZIP code to find a Safeco agent near you. They will help you get started or explain your options.