Safeco Home Insurance Reviews

Safeco Insurance Company of America holds A (Excellent) ratings with all major rating service agencies, including Standard & Poor's, Moody's, and A.M. Best. As a member of Liberty Mutual Group, Safeco's policies are also backed by the outstanding financial stability and creditworthiness of its parent company, which was the third largest home insurer by market share in 2016.

Safeco is not accredited by the Better Business Bureau and has yet to be rated by the organization. For that reason, there is little online information about Safeco's customer service approach. Nevertheless, according to statistics gathered by the NAIC, the company had less than the national median complaint ratio for homeowners insurance in 2016.

Safeco offers basic policies that are on par with the industry standard, yet focus primarily on personal property protection for valuables including jewelry and art. They do not extend a guest medical coverage, but offer dwelling protection, secondary structures protection, and liability protection along with a living expenses coverage. Two things that set the company apart from the competition is the fact that they offer personal property replacement without factoring in depreciation and extend additional plans such as identity recovery and equipment breakdown coverage, which provide a comprehensive level of coverage when purchased together.

Safeco's home insurance prices will vary depending on the policy selected and the type, age, and size of the home. Discounts with the company are few and limited, yet offer savings opportunities for those who own homes less than ten years old, purchase multiple policies, opt for a higher deductible or pay their bills in full.