Safeco Insurance

Company Profile: Safeco was founded in Seattle, Washington, in 1923 by Hawthorne K. Dent as the General Insurance Company of America, as a property and casualty insurer. This name is still used by Safeco on some of its insurance products. Safeco Insurance, is now a member of Liberty Mutual Group, but remains national U.S. insurance company.

Safeco has been protecting individuals and families with personal insurance coverage since its foundation 1923. When it comes to some of your biggest investments, like your home, car or maybe even your boat, they know that trust matters. From the smallest fender-bender to a storm-damaged home, standing ready at life’s trying moments. Safeco is here for you at any time and any day of the week.

With a comprehensive range of insurance coverage and expert advice from local independent agents, we make it simple to protect what’s important to you and easy to get the best mix of coverage and pricing. Safeco promises to make it easy for you, to provide the coverage you need, to connect you with local agents who offer personal advice, and – most of all –  to be there for you.

The financial strength of Liberty Mutual Insurance Company, their parent company, combined with a national network of local independent agents, has enabled Safeco to focus exclusively on personal insurance. They offer a comprehensive mix of coverage, pricing and personalized service to individuals and families looking to protect their homes, autos and more.
milestones:
  • 1923 – Founded as General Insurance Company of America.
  • 1953 – Creates Selective Fire Ensurance Company of America - SAFECO.
  • 1960 – Begins to offer Mutual Funds and Commercial Lines.
  • 1997 – Acquires American States Financial Corporation.
  • 2002 – Retuned to roots of competitive pricing and disciplined underwriting.
  • 2004 – Sells Life and Investments Division to Berkshire Hathaway.
  • 2008 – Acquired by Liberty Mutual Insurance Company for $6.2 billion.
Financial Stability:
  • Safeco is a Liberty Mutual Insurance Company.
  • Liberty Mutual Insurance Company has financial strength ratings of A (Excellent) from the A.M. Best Company, A2 (Good) from Moody’s Investors Service, and A- (Strong) from Standard & Poor’s.
  • 2016 Direct Written Premiums more than $8 billion.

Customer Oriented:
  • Ratings of financial strength are great, but they don't tell you everything you need to know. They don't tell you about Safeco’s 24/7 claims service and a commitment to resolve problems quickly and fairly.
  • They do not outline Safeco’s devotion to the tenets of its founder, H.K. Dent - competitive pricing and disciplined underwriting.
Company Highlights:
  • Safeco sells personal automobile, homeowners and specialty products through a network of more than 10,000 independent insurance agencies throughout the United States.
  • Along with offering the best combination of value and protection, independent agents work to improve the lives of those around them:
  • They build stronger communities. Agents are business owners, but above all, they are members of the community. Many of them make an impact by sharing their time and resources with local nonprofit organizations. Safeco Insurance is proud to recognize these independent agencies and amplify their charitable efforts with three community giving programs.
  1. Make More Happen Awards
  2. Protecting What Matters
  3. Make More Happen Days
  • They build long-term relationships. Three out of four people use an agent to buy insurance, according to a recent survey, and many of them stay with the same agency for years. When you work with a local insurance agency, you deal with people you know — and people who know you.
  • With Liberty Mutual as its parent company, Safeco has been able to concentrate exclusively on personal insurance.
  • Safeco has always taken a personal approach to coverage, tailoring service and coverage options to the needs of individuals rather than selling cookie-cutter plans.
  • Safeco Insurance offers customers many discounts to help lower premiums without sacrificing protection and options to make sure you get great coverage without stretching your budget.
Industry Rankings:
  • Safeco is a Liberty Mutual Insurance company.
  • Liberty Mutual® INSURANCE is a diversified insurer and the 3th largest property and casualty insurer in the U.S. based on 2016 direct written premium data as reported by the National Association of Insurance Commissioners.
  • Ranked 73rd on the Fortune 100 list of largest U.S. Corporations, based on 2015 revenue.
  • 3rd largest writer of Homeowners Insurance coverage in the United States.
  • 6th largest Private Passenger Auto Insurance coverage in the United States.
  • Liberty Mutual Insurance Invitational™, is the #1 Charity Event in Golf™.
 
www.safeco.com
(425) 681-0996
8195 166th Ave Ne, #201
Redmond, WA 98052
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