Safeco Home Insurance Review: Pros & Cons, Ratings, & More

Safeco actually stands for Selective Auto and Fire Insurance Company, but it is also a great name for an insurance company, calling up feelings of protection and security. Safeco added life insurance to its product line in the 1960s, but in 2004, it sold off that division to focus again on home and auto. Liberty Mutual bought the company in 2008, but it retains an identity of its own, particularly in its hometown of Seattle, Washington, where Safeco Field is home to the Mariners baseball team.

Effective Date: January 2020

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Safeco offers four homeowners insurance packages (Essential, New Quality Plus, Optimum, and Premier) that run from the bare essentials to the highest levels of coverage. Within each package, you can select your coverage levels and add options.

The standard coverage levels are all available in the same amounts across the different packages. The online quote tool will default to lower coverage in the essential package and a higher level in the premier package, but you still have the opportunity to adjust them to the coverage levels you want.

It's in the additional options category that choosing between the four home packages with Safeco actually makes a difference. The economy package (Safeco Essential) offers lower levels of coverage for certain personal property and some other miscellaneous coverage. The limits of coverage increase with each package until you get to the highest limits available in the Safeco Premier bundle.

There isn't an overwhelming number of discounts available with Safeco, but you will find most of the common ones, including bundle, new home, and alarm system savings.

In order to file a claim on your Safeco home insurance policy, you'll have to call the company's claims center, which is available 24 hours a day, seven days a week. The claims representative will ask you a series of questions and set up a time for a damage assessment, either in person or through the company's online video chat service called RealTime Review, if appropriate. After the claim is initiated, you'll be able to track its status by going to your online account. Once you get an estimate of the cost of the damage, you'll be able to begin repairs.