Compare Car Insurance from Multiple Companies and Save $$$ Today!

Safeco review and rating

Safeco company provides small- business, homeowners, and auto insurance policies. Their business helps individuals protect their assets and manage any unexpected expenses in the case of an unfortunate accident. Safeco opened its doors in 1923. Presently, Safeco employs over nine thousand workers and maintains revenues of more than 6.2 billion. This company has 4.3 million business and personal customers nationwide. Nine thousand brokers and independent agents represent Safeco.

Safeco prides itself on superior personalized customer service, cheap insurance rates, and fairness in their claims resolution process. Safeco promises to resolve all claims thoughtfully, regardless of the claim type and amount. Safeco sells its products through a nation wide network of brokers and agents who provide advice to consumers about car insurance, home insurance, and business insurance plans. Safeco wishes to help their clients navigate the experience of selling, buying, and owning insurance with ease. The web-based service and sales platform enables the distribution partners of Safeco to issue and quote an insurance plan within minutes. Safeco sells a wide variety of casualty and property insurance products. Personal car and home coverage is available in addition to surety bonds and small to medium sized business insurance coverage. Safeco customer service agents provide 24/7 support. They will get in touch with all parties involved in any claim within a single business day. Safeco belongs to the Liberty Mututal Group. Liberty Mutual opened their business ninety five years ago and they are a Fortune one hundred company. Liberty Mutual is also one of the five largest casualty and property insurance providers in the United States. This company earned an “A” (Excellent) rating from the A.M. Best Company. Safeco insurance is available in all states.

Despite claims of great customer service, a number of reviews assure that Safeco does not provide excellent support at all. It appears that many claims go unanswered and erroneous financial transactions are not uncommon. Some reviews also mention a bad credit rating for Safeco.

As a special service, Safeco provides boat, RV, motorhome, and other kinds of specialty insurance in specific states. If a consumer wishes to purchase insurance for more than one asset at the same time, they can buy the Safeco Package. The Safeco Package offers a convenient combination of sufficient coverage and savings. It is possible to save approximately fifteen percent on the premium, if the auto and home insurance policies are combined. Additional price reductions are available when watercraft, motorcycle, or umbrella policies are added. In the case of a major loss such as a storm or a fire, the insurance holder is only responsible for paying one deductible fee. That deductible is paid only for the damaged asset. The customer is not required to pay deductibles for any other policies held with Safeco. For extra convenience, Safeco offers insurance policies for a period of six months or for one year. Package deals are billed on the same date every month. As a result, the subscribers of the Package insurance only need to open one envelope and make one payment.

In comparison to other insurance providers, Safeco is rated as an average company overall. They are more appreciated for their coverage and low cost than for their customer service and claims resolution process.

Company Reviews