Nationwide vs. Safeco Insurance

Which insurance carrier is right for you? Compare premiums, ratings, and quotes from Nationwide and Safeco.

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Nationwide vs. Safeco: What You Need to Know

Murray D. Lincoln formed the company the Farm Bureau Mutual Automobile Insurance Company with the goal of selling auto insurance at low rates for farmers in Ohio. In 1926, the first policy was sold. In 1928, Farm Bureau Mutual begins to expand into other states including West Virginia, Maryland, Delaware, Vermont, and North Carolina. By 1934, the company was insuring motorists in metropolitan areas and writing property insurance policies too and by 1943 was operating in 12 states and the District of Columbia. It was in 1955 that the company changed its name to nationwide, with an expansion into 20 new states. In 1982, Nationwide acquires a 100-year-old company and America’s leading farm insurer and goes public in 1997. In the year 2000, the Nationwide Arena opens and becomes home to a National Hockey League franchise, the Columbus Blue Jackets. In 2007, the Nationwide Bank opens. Today, Nationwide is a Fortune 100 company with a full range of insurance and financial services across the country, including car, motorcycle, boat, homeowners, pet, farm, life and commercial insurance, annuities, mortgages, mutual funds, pensions, long-term savings plans, and specific health services.

In 1923, Hawthorne K. Dent founded the General Insurance Company of America. Most insurance activity during that time was taking place in the Northeast, so its Seattle location made “The General” a pioneer not only geographically but also with their competitive prices and great service. Today, however, “the General” is called Safeco, and they offer insurance to people across the country. It was in 1953 that the General Insurance Company of America created a subsidiary called Selective Auto and Fire Insurance Company of America (SAFECO). It was intended to compete with the national companies using computer automation tools, which allowed them to enter the life insurance business. By the end of the 1960s, the company also began offering mutual funds and commercial lines of credit. It became so successful that the changed the name entirely to Safeco. In 1997, Safeco began expanding east by acquiring American States Financial Corporation, doubling its agency in size. They soon became a leading insurer for small to mid-sized businesses. In 2002, the company’s dedication to automated technology helped the company recover from the slump of the late 1990s. In 2004, Safeco sold its life and investment division to refocus on surety bonds and its property and casualty lines of insurance. In 2008, Safeco was bought by Liberty Mutual Insurance Company, a change that allows Safeco to focus solely on personal insurance lines today.

Below is a list of average rates, rankings, products and discounts for the two companies. For full company overviews, you can visit Nationwide Overview and SAFECO Overview.

Nationwide vs. SAFECO: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Nationwide and SAFECO. On average, Nationwide charges approximately $213.12 per month while SAFECO comes in at around $180.76 per month. For Nationwide, the cheapest state average is North Carolina at $95.86 per month and the most expensive is New York at $338.81 per month. For SAFECO, the cheapest state average is Montana at $64.42 per month and the most expensive is Georgia at $387.85 per month.

Nationwide

Average Rate

$213.12
SAFECO

Average Rate

$180.76
National

Average Rate

$119.45
State Nationwide SAFECO
Alabama $141.67 -
Arizona $214.50 $99.26
Arkansas $134.18 $128.05
California $260.81 $187.49
Colorado $179.92 $179.95
Connecticut $186.61 $203.44
Delaware $181.17 -
District of Columbia $236.59 -
Georgia $182.05 $387.85
Idaho $129.66 $72.80
Illinois $152.46 $109.44
Indiana $131.11 -
Iowa $110.51 $132.02
Kansas $139.27 $220.63
Kentucky $249.99 $164.69
Maryland $211.18 -
Michigan $335.17 -
Minnesota $191.66 -
Mississippi $145.35 $136.94
Missouri $176.60 $159.71
Montana- $64.42
Nebraska $129.45 $140.53
Nevada $335.39 $240.66
New Hampshire $131.82 $89.62
New York $338.81 -
North Carolina $95.86 -
North Dakota- $334.33
Ohio $121.67 $142.41
Oregon $134.52 $212.97
Pennsylvania $133.51 -
Rhode Island $227.19 -
South Carolina $142.41 -
Tennessee $156.90 $123.80
Texas $239.64 -
Utah $140.29 $141.95
Vermont $105.19 $142.34
Virginia $154.14 -
Washington $138.38 $162.96
West Virginia $199.87 $112.93
Wisconsin $111.11 $78.81
Wyoming- $83.62

Nationwide vs. SAFECO: Rates by Number of Vehicle

Home

Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Nationwide and SAFECO typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Nationwide SAFECO
1 Vehicle $198.72 $167.70
2 Vehicles $261.59 $221.30
4 Vehicles $375.66 $
3 Vehicles $418.63 $332.70

Nationwide vs. SAFECO: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Nationwide charges $194.92 per month and SAFECO charges $170.14 per month for customers who own their home.

Own/Rent Nationwide SAFECO
Own $194.92 $170.14
Rent $221.79 $186.26

What is Nationwide and Safeco Insurance Rating?

Which car insurance company is better? We've made it easy to compare companies side by side. See how Nationwide and Safeco ranked among the industry ratings.

ComparisonNationwideSafeco
Year Founded19251923
Market Share2.7%
A.M. Best RatingA+
BBB RatingA+A-
Financial StrengthExcellentExcellent
JD Power RankingAbout AverageAbout Average
Moody’s RatingA1A2
NAIC Complaint Index0.381.08
S&P RatingA+A

Nationwide or Safeco: Insurance Products Offered

What coverage is available through Nationwide and Safeco? Both insurance companies offer Auto, Commercial, Home, Motorcycle, Pet, RV insurance. Additional products from Nationwide insurance also includes Farm, Health, and Life insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Nationwide and SAFECO Insurance page.

InsuranceNationwideSafeco
Auto Insurance
Commercial Insurance
Condo Insurance
Farm Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Pet Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Nationwide or Safeco: Ways To Save

Safeco offers a wide range of discounts to its policyholders, including Accident Prevention, Diminishing Deductible, and Distant Student discounts. In contrast, Nationwide also offers a few discounts that Safeco doesn’t, including SmartRide, Passive Occupant Restraint, and Paperless Documents discounts. Start taking advantage of discounts offered by insurance providers like Safeco and Nationwide insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

NationwideSafeco
Accident-free DiscountAccident Forgiveness
Advance Quote DiscountAccident Prevention
Affinity Car Insurance DiscountsDiminishing Deductible
Anti-theft DiscountDistant Student Discount
Defensive Driving DiscountDriver Training Discount
Easy Pay DiscountGood Student Discount
Farm Bureau DiscountNew Teen Reward
Good Student DiscountNewly Independent Discount
Long-term Policyholder DiscountTeen Safety Rewards
Multi-policy DiscountTelematics Reward (Safeco RightTrack)
Nationwide Family PlanTenture Award
New Vehicle
Paperless Documents
Passive Occupant Restraint Discount
SmartRide Discount

Pros & Cons of Nationwide & Safeco

Pros

Nationwide
  • Up to 20% off when you bundle home, auto, life and other policies with Nationwide.
  • Big savings for safe driving history.
  • On Your Side Auto Repair Network guarantees workmanship on repairs.
  • Vanishing deductible.
Safeco
  • Diminishing deductible can save you money if you’re ever in an accident.
  • Multiple losses, one deductible means that when you bundle, you can save money if an unexpected event damages both your car and home.
  • Safeco had less than the median number of complaints for home insurance, according to the National Association of Insurance Commissioners.

Cons

Nationwide
  • High rates for people with an imperfect driving history.
  • Credit check in most states.
Safeco
  • Safeco had more than the median number of complaints about auto insurance in 2018.

Nationwide or Safeco Mobile Apps Options

The Nationwide Mobile App for Android, iPhone and iPad lets you access accounts on the go. The app features fingerprint and facial login to a dashboard where you make payments, manage payment methods and save or share ID cards with drivers on your policy. You can also file a claim and check on its status. The app comes fully equipped to connect with roadside assistance too.

The Safeco Insurance mobile app is available for iOS and Android. This insurance concierge gives you access to your policy 24/7. This mobile and tablet friendly app helps you pull up your ID cards, make a payment, manage your policies and file a claim as well as submit accident photos.

Nationwide Mobile App
iOS     3.63K user reviews
Android     4.31.4K user reviews
Safeco Mobile App
iOS     4.75.4K user reviews
Android     3.8416 user reviews

Nationwide & Safeco Contact Info

Nationwide Contact Info
AddressP.O. Box 742522, Cincinnati, OH 45274-2522
Phone1-877-669-6877
Websitehttps://www.Nationwide.com
Facebookhttps://www.facebook.com/nationwide/
Twitterhttps://twitter.com/Nationwide
Youtubehttps://www.youtube.com/channel/nationwide
Linkedinhttps://www.linkedin.com/company/nationwide/
Safeco Contact Info
Address1400 South Highway Drive, Suite 100, Fenton, MO, 63026
Phone1-888-723-3260
Websitehttps://www.safeco.com
Facebookhttps://www.facebook.com/SafecoInsurance/
Twitterhttps://twitter.com/Safecoinsurance
Youtubehttps://www.youtube.com/Safeco
Linkedinhttps://www.linkedin.com/company/safeco-insurance/

Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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