Safeco Auto Insurance Review: Quotes and Service (2023)

Safeco is a major competitor in the auto insurance field, typically ranked among other national brands. J.D. Power’s 2019 survey of auto insurance company ranked Safeco 18 out of 25 other competitors. While Safeco has average-to-low scores compared to top competitors, they offer a few perks that set them apart, such as ridesharing coverage for Uber and Lyft drivers and yearly deductible reductions.

Using survey data from J.D. Power, MoneyGeek calculated the affordability scores of Safeco. Our findings determined that Safeco is expensive compared to other car insurance companies.

Get a quote from Safeco to see just how much a policy costs for you. Unless you’re only looking for the cheapest car insurance, however, price shouldn’t be the only factor to consider when buying a policy. When comparing car insurance companies, you should look at other points such as customer satisfaction and complaint ratios.

Typically, an auto insurance policy from Safeco is expensive. This insurer has higher rates than other car insurance companies due to its calculations regarding your driving history, age and location.

MoneyGeek provides resources to help you compare Safeco to other major auto insurance companies in your state. You can use our comparison tool to see how Safeco stacks up against other insurance firms regarding customer service, cost and standout coverages. Our tool will also connect you to other resources that can help you compare insurers.

Safeco, like all insurers, provides its policyholders with standard coverages such as liability insurance, comprehensive and collision insurance. It also offers several common add-on coverages, including roadside assistance, rental car and travel reimbursement, accident forgiveness, new car replacement and deductible modification. However, it doesn’t offer coverage for gap insurance and better car replacement.

Furthermore, Safeco doesn’t provide any unique coverages that you can add to your auto insurance policy.

The main difference between Safeco and other auto insurance companies is the large number of incentives available. Safeco provides useful features to customers, including accident forgiveness, first aid reimbursement and diminishing deductible options. It also provides gap coverage if your vehicle is lost or stolen and rideshare coverage that allows you to stay ensured when en route to pick up rideshare clients (in participating states).

In addition to auto insurance, Safeco offers a number of other insurance coverage policies to protect your home, rental property and valuables. Safeco also offers additional vehicle policies, as well as umbrella, pet and identity recovery insurance.

AM Best ranks auto insurance companies routinely on their financial strength, which refers to the company’s ability to finance and meet the needs of its insurance customers. Safeco received an A rating, which is not surprising since this company is owned by a larger company, Liberty Mutual, which also received an A ranking.