Compare Safeco vs. Allstate: Quotes, Discounts (2023)

Safeco vs. Allstate: A Summary

If you’re on the hunt for auto insurance, comparing car insurance quotes is an essential step. Two nationally recognized car insurance providers you might consider are Safeco and Allstate. Here’s how those two companies compare in terms of cost and reputability.

Insurify Composite Score

The Insurify Composite Score (ICS) is a proprietary rating calculated by a team of data scientists at Insurify, weighing multiple factors that reflect the quality, reliability, and health of an insurance company.

Inputs to the score include financial strength ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.

Safeco

Safeco, a member of Liberty Mutual Group, is an insurance company offering vehicle, property, and other insurance coverage options in 46 states. Safeco offers all the standard auto insurance coverages, including collision and comprehensive coverage, along with new vehicle replacement and rental car reimbursement coverage.

You can save money with Safeco’s accident forgiveness policy, claims-free cash back, and diminishing deductible. The company also has solid financial strength ratings and a well-rated mobile app. However, Safeco is rated below average by J.D. Power for customer satisfaction, and the company also has a higher-than-expected number of complaints with the NAIC given its size.

Allstate

Allstate is an insurance provider that has been around for more than 90 years and offers a variety of insurance products, including auto, homeowners insurance, renters, and life insurance, in all 50 states. The company offers affordable coverage and a variety of discounts. Allstate also has some unique offerings, including classic car insurance and rideshare coverage.

Allstate has about the expected number of complaints with the NAIC for a company of its size, but customer service reviews on third-party websites are mixed. The company has great financial strength ratings, but J.D. Power ratings for the insurer are below average.

Safeco Insurance vs. Allstate — Ratings

Both Safeco and Allstate are rated relatively well by external rating agencies that assess the financial strength and customer service of insurance providers. However, Allstate outperforms Safeco on S&P ratings and J.D. Power ratings.

The Best Car Insurance Companies in 2022

Safeco is one of the best car insurance companies, according to our analysis of a variety of data. While Allstate didn’t make the list, it is still a reputable company that might be best for certain drivers, particularly those who need rideshare coverage at a low cost.

Compare Safeco vs. Allstate: Which Is Cheaper?

Allstate is significantly cheaper than Safeco for all types of drivers. Whether you have bad credit and infractions on your record or a squeaky clean driving history, you’ll likely pay less at Allstate. However, you might find the cheapest rates at another company altogether. The best way to find out is to get a customized quote from Insurify.

The Cheapest Car Insurance Companies in 2022

Neither Safeco nor Allstate is on the list of the cheapest car insurance companies. For every type of driver, there is an insurer offering cheaper average premiums for auto policies than you can find from Safeco or Allstate. Though Allstate is relatively affordable compared to Safeco, GEICO, State Farm, and USAA often beat the company’s prices.

Compare Safeco vs. Allstate Car Insurance by Age

Car insurance rates are higher for young drivers, who have less experience with safe driving. Teen drivers are more likely to crash than any other age group. For this reason, insurance companies will consider your age when underwriting your policy. Here’s how Safeco and Allstate compare in terms of average monthly cost for each age group.

Allstate offers cheaper average premiums than Safeco for drivers of all ages. Teen drivers pay especially high rates at Safeco.

Compare Safeco vs. Allstate Car Insurance by Gender

In most states, auto insurance providers will consider your gender when setting the rates for your insurance policy. Women tend to pay slightly less over their lives, and the gap can be even greater for young drivers. Here’s what Safeco and Allstate charge on average for men and women.

Allstate offers cheaper premiums than Safeco for both men and women.

Which is cheapest for men?

Allstate is cheaper than Safeco and the industry average quote for men. The average monthly cost for male policyholders at Allstate is just $59.

Which is cheapest for women?

The monthly average premium for women is significantly cheaper at Allstate than it is at Safeco. Allstate also beats the industry average by more than $12 per month, or $144 a year.

Compare Safeco vs. Allstate Car Insurance by Mileage

Your driving habits, including your mileage, affect your car insurance rates. Drivers who estimate low annual mileage tend to pay less than drivers with high mileage. Usage-based programs that track your actual mileage can sometimes lower your rates, but here’s what you can expect based on the mileage estimates you provide.

Which is cheapest for drivers with high mileage?

Allstate offers cheaper coverage for drivers with high mileage—the company’s average rates beat the industry average. Safeco charges more than triple what Allstate charges on average.

Which is cheapest for drivers with low mileage?

Allstate also beats Safeco and the industry average for drivers with low mileage. Allstate’s rates are consistently low, no matter how much you drive.

Compare Safeco vs. Allstate Car Insurance by Credit Score

A few states prohibit the use of your credit score in setting car insurance rates, including California, Massachusetts, Hawaii, and Michigan. But most states will consider your credit-based insurance score when determining your rates due to a correlation between bad credit and more frequent claims filing. Drivers with excellent credit will pay the cheapest rates in most states. Here’s what you can expect.

Which is cheapest for good credit?

You’re likely to find cheaper rates at Allstate, no matter the information on your credit report. Allstate offers cheaper average rates than Safeco and the industry average for drivers with good or excellent credit.

Which is cheapest for bad credit?

Allstate is cheaper for drivers with bad credit as well, beating both Safeco and the industry average. Drivers with poor credit will pay especially high rates at Safeco.

Compare Safeco vs. Allstate Car Insurance by Driving Record

If you have accidents or violations on your driving record, insurers will view you as a high-risk driver and charge you higher premiums. For example, a DUI or speeding ticket shows your insurance company that you’re not taking every safety precaution on the road. Sometimes, usage-based programs like those offered by Safeco and Allstate can offset the high cost.

You can also ask your insurance agent about discounts available for taking a defensive driving course. But in general, you should expect to pay more if there are infractions in your driving history. Every insurer will price your premiums differently, however. Here’s what you can expect from Allstate and Safeco car insurance.

Which is cheapest for good drivers?

Drivers with a clean record pay three times as much for car insurance at Safeco than they would at Allstate, on average. Allstate is cheaper than both Safeco and the industry average for drivers with a clean driving record.

Which is cheapest after a speeding ticket?

Allstate’s average premiums beat Safeco and the industry average for drivers who have been written a speeding ticket. Expect to pay steep rates at Safeco if you have infractions on your record.

Which is cheapest after an accident?

Allstate offers cheaper auto insurance rates to drivers who have been in an at-fault accident, beating both Safeco and the industry average.

Which is cheapest after a DUI?

A DUI is a serious offense, and in most states, it requires your insurance company to file an SR-22 on your behalf. That drives up the cost of car insurance. But drivers with DUIs on their records can still find relatively affordable rates from a company like Allstate, which is cheaper than both Safeco and the industry average.

Safeco vs. Allstate Car Insurance: What discounts does each offer?

Our Methodology and How We Compared Safeco and Allstate

The car insurance quotes provided in Insurify’s insurance company comparison guides are based on the analysis of over 50 thousand insurance quotes from 500 ZIP codes nationwide. Insurify’s data science team performs a comprehensive analysis of factors car insurance providers weigh to calculate rates, including driver demographics, driving record, credit score, desired coverage level, and more to give representative samples.

Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating calculated by weighing multiple factors that reflect the quality, reliability, and health of an insurance company.

Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.

With the above insights and ranking methods, Insurify is able to offer car insurance shoppers a window into how insurance providers compare to one another in terms of both cost and quality.