Safeco
Since its founding in 1923, Safeco has built a reputation for offering customizable insurance coverage paired with the expertise of independent agents. Today, the company is owned by Liberty Mutual Insurance and focuses exclusively on personal insurance. According to its LinkedIn profile, the company employs between 1,001 and 5,000 employees. Although it does not release its rates publicly, Bankrate estimates that Safeco policies are affordable. If you are interested in comparing pricing, reach out to an independent agent for a quote.
In addition to standard auto and home coverage, Safeco offers a variety of add-on coverage options. For example, its new car replacement coverage will pay for the value of a comparable vehicle if your current one is totaled or stolen. Additionally, its roadside assistance package includes towing, changing a flat tire or delivering fuel or fluid and locksmith services in the event of an emergency.
Safeco also provides a number of discounts to help you save on your policy. These include a claims-free cash back program, which will send you a check for 2.5% of your policy’s premium every six months that you go without making an at-fault claim; and a diminishing deductible option that will reduce the collision deductible by $50 each year you don’t file a claim, up to a maximum of $500. In addition, you may be eligible for a multi-policy discount or a safe driving course discount.
Progressive
Founded in 1937, Progressive is the second largest auto insurance company in the United States. It also offers home, renters and motorcycle insurance, as well as a variety of other types of personal and commercial coverage. Progressive has been one of the first companies to focus on online sales and service and is one of the most innovative when it comes to car insurance. Some examples include the Snapshot telematics program and the Name Your Price tool, which allows customers to receive custom quotes that fit their budgets.
Aside from its innovation, Progressive has an excellent financial rating and a solid reputation for customer service. Its claims department has a reputation for being quick and easy to work with. It also offers a range of convenience features, such as paperless statements and the ability to sign your policy documents online. The company is also known for its disappearing deductible on collision and comprehensive insurance, which decreases by $50 each six-month period you go without a claim.
Other notable features of Progressive’s car insurance include roadside assistance and gap coverage, which protects the difference between a loan payoff amount and your vehicle’s actual market value. The company’s mobile app and website make it simple to quote, buy and manage your policy. It also offers a variety of driver-based discounts, such as good student and teen drivers. It also offers multiple bundling discounts, such as the ability to save 5% on your car and home insurance when you bundle them together.
