Which insurance carrier is right for you? Compare ratings, price, and quotes from Safeco and Hanover.
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.
In 1852, The Hanover Fire Insurance Company opened in Manhattan at Hanover Square. Author Washington Irving was one first investor. In 1864, while the U.S expanded West, The Hanover formed a general agency to service settlers. In 1866, 1800 buildings burned down in Portland, Maine. The Hanover paid all claims and helped rebuild the city. In 1871, the Great Chicago Fire destroyed more than three square miles of the city. There was $3 billion worth of losses, but the Hanover met all claim obligations. In 1872, a fire in Boston, Massachusetts burned down nearly half the city, but the Hanover paid all claims.
Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit SAFECO Overview and Hanover Overview.
Below is a list of the average rates that drivers typically pay with SAFECO and Hanover. On average, SAFECO charges approximately $20.88 per month while Hanover comes in at around $443.19 per month. For SAFECO, the cheapest state average is North Carolina at $0.56 per month and the most expensive is Massachusetts at $480.56 per month. For Hanover, the cheapest state average is Massachusetts at $195.51 per month and the most expensive is New Jersey at $583.71 per month.
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that SAFECO and Hanover typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||SAFECO||Hanover|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average SAFECO charges $33.90 per month and Hanover charges $610.51 per month for customers who own their home.
Which car insurance company is better? We've made it easy to compare companies side by side. See how Safeco and Hanover ranked among the industry ratings.
|A.M. Best Rating||A|
|JD Power Ranking||About Average||Above Average|
|NAIC Complaint Index||1.08||1.28|
What coverage is available through Safeco and Hanover? Both insurance companies offer Auto, Commercial, Home, RV, and Umbrella insurance. Additional products from Safeco insurance also includes Condo, Motorcycle, Pet, and Renters insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit SAFECO and Hanover Insurance page.
Hanover offers a wide range of discounts to its policyholders, including Affinity Groups, Anti-theft Device, and Good Student discounts. In contrast, Safeco also offers a few discounts that Hanover doesn’t, including Tenture Award, Telematics Reward (Safeco RightTrack), and Teen Safety Rewards discounts. Start taking advantage of discounts offered by insurance providers like Hanover and Safeco insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Accident Forgiveness||Accident Prevention Course Discount|
|Accident Prevention||Affinity Groups|
|Diminishing Deductible||Anti-theft Device Discount|
|Distant Student Discount||Good Student Discount|
|Driver Training Discount||Hanover Platinum Experience|
|Good Student Discount||Multi-Car Discount|
|New Teen Reward||No-Fee Electric Funds Transfers|
|Newly Independent Discount||One Bill|
|Teen Safety Rewards||Pay-in-Full Discount|
|Telematics Reward (Safeco RightTrack)||Student Away at School Discount|
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 help you pull up your ID cards, make a payment, manage your policies and file a claim as well as submit accident photos.
The Hanover Mobile app is available for iOS and Android. With this app, you’ll be able to see vital policy information and billing information. You can also file a home or auto claim without making a phone call.
|Safeco Mobile App|
|iOS||4.7||5.4K user reviews|
|Android||3.8||416 user reviews|
|Hanover Mobile App|
|iOS||3.5||17 user reviews|
|Android||2.6||21 user reviews|
|Safeco Contact Info|
|Address||1400 South Highway Drive, Suite 100, Fenton, MO, 63026|
|Hanover Contact Info|
|Address||440 Lincoln Street, Worcester, MA 01653|
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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