When looking for a new car insurance company, it’s important to have as much information on your potential insurers as possible to make it easier to compare quotes, coverages, and more. Allstate and Safeco are two major insurance companies that offer auto insurance policies in their suites of insurance products.
To help you determine whether either of these car insurance companies is the best choice for you, here’s what you need to know about Safeco versus Allstate and how they compare.
Both Allstate and Safeco are very accessible auto insurance companies that issue policies nationwide. And they have very similar average liability-only premiums. However, Allstate has a long list of discounts and programs that can help drivers save. Allstate also has a higher IQ Score.
The following table highlights how these two insurers compare to one another.
Safeco operates under the Liberty Mutual umbrella, which is a long-standing nationwide car insurance company. Liberty Mutual earned a score of A (Excellent) from AM Best, which indicates this company is financially secure and likely to pay out a future claim.1
Allstate and Safeco offer telematics programs that can save drivers money on their premiums. Safeco RightTrack rewards safe driving with an instant 10% enrollment discount. Once you download the Safeco Mobile app and drive for 90 days, you can receive a potential savings of 5% to 30% on your Safeco policy.
With Allstate Drivewise, drivers use a mobile app that gives real-time feedback on driving behaviors, insights into patterns, and access to safety tips. Features include driving insights, crash detection, trip history review, safe-driving challenges, and monitoring phone usage while driving.
On average, Allstate is cheaper than Safeco. But many factors can affect your car insurance costs, like your age, credit score, and driving record, so it’s important to get quotes from every company you’re considering to compare their rates. The cheapest car insurance company for your friend may not be the cheapest for you.
Overall, Allstate is the cheaper car insurance company for someone with a clean driving record, but Safeco still has relatively affordable average premiums. Drivers without accidents, driving under the influence (DUI) convictions, or speeding tickets on their records usually pay the best rates.
Speeding tickets can cause your car insurance rates to increase, even if you didn’t cause an accident. Insurance companies consider speeding tickets an indicator of higher risk.
Drivers with a speeding ticket on their record can save a bit more with Allstate than Safeco.
Young drivers typically pay the most expensive car insurance rates because they have the least driving experience and the highest crash risk compared to other age groups.4 But teen drivers may find cheaper rates with Allstate than with Safeco.
Some states allow insurance companies to use drivers’ credit history to create a credit-based insurance score. Drivers with bad credit tend to pay more for car insurance because insurance companies believe they have a higher risk of filing a claim. But drivers with good or excellent credit pay cheaper rates.5
Allstate is the cheaper car insurance company for drivers with bad credit. Here’s how it compares to Safeco’s rates.
As long as you maintain a clean driving record, your car insurance premiums should decrease as you get older and have more driving experience. But rates can increase again around age 70 due to health-related issues that can affect driving capabilities.
Allstate is the cheaper car insurance company for senior drivers, and here’s how it compares to Safeco.
Allstate and Safeco offer standard auto insurance coverages, like liability, medical coverage, collision, comprehensive, and underinsured/uninsured motorist coverage. But these two insurers differ in the other types of coverage that drivers can add to their policies.
For example, you can find new vehicle replacement coverage from Safeco but not Allstate. And Allstate offers a personal umbrella policy that you can add to your coverage for more protection. Spend some time getting to know which auto insurance company has the coverages you need.
To find the cheapest car insurance companies, you need to consider the discounts each company offers. In addition to competitive prices, Allstate offers more advertised discounts than Safeco, but that doesn’t mean you’ll save the most with Allstate.
Request car insurance quotes from both companies and ask about what potential discounts you qualify for and how those discounts can affect your rates. One of the best ways to save on insurance premiums is to request quotes. You can do this every year to ensure you’re still paying the cheapest rates.
Here’s how Safeco’s and Allstate’s discounts compare.
Still on the fence about whether Allstate or Safeco is the best policy for you? Here are the answers to some frequently asked questions about both auto insurance companies.
Safeco and Allstate are both fairly comparable when it comes to price, standard coverage options, and financial stability. Both are solid car insurance companies, but which one is the better option depends on the coverage you need and the rates you can afford.
The main differences between Safeco and Allstate insurance are the different products they offer. While both companies offer similar insurance products, Allstate may have coverages that Safeco doesn’t offer, like Mexico car insurance, classic car coverage, rideshare insurance, and more.
Because Allstate issues insurance policies in every state, anyone can potentially be eligible for an Allstate policy. You can chat with an Allstate insurance agent about any eligibility requirements you’re concerned about. You can also work with independent agents to get helpful information about various car insurance companies.
Both Safeco and Allstate offer various insurance products, including home insurance, condo insurance, renters insurance, and motorcycle insurance.
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