Safeco Insurance Rating

If you are looking for quality insurance coverage, then you need to consider Safeco Insurance. Safeco Insurance is a subsidiary of Liberty Mutual Insurance and is known for providing excellent insurance coverage at an affordable price. In this article, we will take an in-depth look at Safeco Insurance and their rating, along with other important information you need to know about the company.

History of Safeco Insurance

Safeco Insurance was founded in 1923, in Seattle, Washington. Since then, Safeco has been providing insurance coverage for individuals and businesses across the United States. In 2008, Safeco became a subsidiary of Liberty Mutual Insurance.

Liberty Mutual Insurance is one of the largest insurance providers in the world, with over 900 offices and more than 50,000 employees worldwide. This acquisition has allowed Safeco to expand its reach and to provide even better insurance coverage to its customers.

Financial Rating of Safeco Insurance

One of the best ways to determine the financial stability of an insurance company is to look at its financial rating. Financial rating agencies, such as AM Best, provide ratings based on the company’s financial strength and ability to pay out claims.

Safeco Insurance has received an A rating from AM Best, which is an Excellent rating. This rating indicates that Safeco has a strong financial foundation and is capable of paying out claims to its customers.

Customer Satisfaction Rating of Safeco Insurance

Another important aspect to consider when looking at an insurance company is the customer satisfaction rating. Customer satisfaction ratings give insight into how well the company treats its customers and how satisfied its customers are with its services.

Safeco Insurance has a customer satisfaction rating of 4.2 out of 5, which is considered excellent. This rating is based on customer reviews and feedback on the company’s services and products.

Types of Insurance Coverage Offered by Safeco Insurance

Safeco Insurance offers a wide range of insurance coverage for individuals and businesses. These include:

Insurance Coverage
Description
Auto Insurance
Provides coverage for damage to your vehicle and liability for injuries and damage to others in an accident.
Homeowners Insurance
Provides coverage for damage to your home and personal possessions from covered perils, such as fire, theft, and weather events.
Umbrella Insurance
Provides additional liability coverage above and beyond the limits of your auto or homeowners insurance.
Boat Insurance
Provides coverage for damage to your boat and liability for injuries and damage to others while on the water.

FAQs about Safeco Insurance

Q: How do I file a claim with Safeco Insurance?

A: You can file a claim with Safeco Insurance by calling their claims department at 1-800-332-3226 or by logging into your account on their website and submitting a claim online.

Q: Can I customize my insurance coverage with Safeco Insurance?

A: Yes, Safeco Insurance offers customizable insurance coverage options to fit your specific needs and budget.

Q: Does Safeco Insurance offer discounts for safe driving?

A: Yes, Safeco Insurance offers discounts for safe driving, such as accident-free discounts and discounts for completing a defensive driving course.

Q: Do I have to purchase all of my insurance coverage from Safeco Insurance?

A: No, you can purchase one or more types of insurance coverage from Safeco Insurance, or you can choose to purchase insurance coverage from other providers.

Q: Is Safeco Insurance available in all states?

A: No, Safeco Insurance is not available in all states. You can check their website to see if they offer insurance coverage in your state.

In conclusion, Safeco Insurance has a strong financial rating and excellent customer satisfaction rating, making them a top choice for insurance coverage. With a wide range of customizable insurance coverage options, Safeco Insurance can provide the right coverage for your specific needs and budget.