Safeco vs. Liberty Mutual Insurance

Which insurance provider is right for you? Compare cost, insights, and quotes from Safeco and Liberty Mutual.

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Safeco vs. Liberty Mutual: What You Need to Know

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.

Liberty Mutual Group is a global insurer and the fourth largest property and casualty insurer in the U.S, ranking 68th on Fortune 100 list of the largest corporations in the U.S. The company has assets of more than $100 billion. Today the group employs over 50,000 people in over 900 locations around the globe, including 45 U.S. states. Liberty Mutual formed on July 1, 1912, as Massachusetts Employees Insurance Association (MEIA) and emerged after state law began to require that employers carry protection for their employees. MEIA provided workers’ compensation insurance to companies, and the first auto policy was sold in 1918. In 1920, the company used a then-new medium of film to teach people about workplace safety. The first Liberty Mutual home office opened its doors in Boston in 1937. In 1946, they created an emergency stop switch for escalators. In 1957 Liberty Mutual and Cornell University partnered to create a “safety car” by crash testing with dummies, something that had never been done before. In 1964, Liberty Mutual began selling life insurance though the Liberty Life Assurance Branch. The first battery-powered prosthetic elbow was created by the company in 1967. As Liberty Mutual grew, it expanded beyond North America by opening its first operation in the UK. In the 1990s, they continued to grow through the acquisition of large commercial and risk carriers. In 2008, Safeco became a part of Liberty Mutual. In 2016 reaffirmed its commitment to innovation by creating Solar Labs.

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 Liberty Mutual Overview.

SAFECO vs. Liberty Mutual: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with SAFECO and Liberty Mutual. On average, SAFECO charges approximately $177.58 per month while Liberty Mutual comes in at around $304.13 per month. For SAFECO, the cheapest state average is Montana at $60.58 per month and the most expensive is Georgia at $377.71 per month. For Liberty Mutual, the cheapest state average is North Carolina at $88.65 per month and the most expensive is Delaware at $852.71 per month.

SAFECO

Average Rate

$177.58
Liberty Mutual

Average Rate

$304.13
National

Average Rate

$117.77
State SAFECO Liberty Mutual
Arizona $98.83 -
Arkansas $126.94 $377.87
California $191.40 -
Colorado $174.48 -
Connecticut $202.09 $399.66
Delaware- $852.71
Georgia $377.71 -
Idaho $72.79 -
Illinois $107.32 -
Iowa $125.43 $286.50
Kansas $218.69 -
Kentucky $162.84 -
Maryland- $351.21
Massachusetts- $243.12
Mississippi $141.80 $466.14
Missouri $158.28 -
Montana $60.58 -
Nebraska $141.01 $306.98
Nevada $241.22 $279.45
New Hampshire $87.03 $205.67
New York- $412.33
North Carolina- $88.65
North Dakota $333.01 -
Ohio $141.86 $236.13
Oregon $211.17 -
Pennsylvania- $321.63
Rhode Island- $369.16
Tennessee $121.45 $237.07
Utah $148.82 -
Vermont $146.86 -
Washington $163.53 $195.12
West Virginia $113.03 -
Wisconsin $76.81 $261.71
Wyoming $86.14 -

SAFECO vs. Liberty Mutual: 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 SAFECO and Liberty Mutual typically charge for drivers who have more than 1 vehicle.

Number of Vehicles SAFECO Liberty Mutual
1 Vehicle $163.80 $290.55
2 Vehicles $221.51 $356.67
3 Vehicles $307.92 $

SAFECO vs. Liberty Mutual: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average SAFECO charges $168.77 per month and Liberty Mutual charges $272.29 per month for customers who own their home.

Own/Rent SAFECO Liberty Mutual
Own $168.77 $272.29
Rent $182.38 $319.31

What is Safeco and Liberty Mutual Insurance Rating?

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

ComparisonSafecoLiberty Mutual
Year Founded19231912
Market Share5%
A.M. Best Ratinga
BBB RatingA-A-
Financial StrengthExcellentExcellent
JD Power RankingAbout AverageAbout Average
Moody’s RatingA2A2
NAIC Complaint Index1.08
NAIC Complaint Ratio4.55
S&P RatingAA

Safeco or Liberty Mutual: Insurance Products Offered

What coverage is available through Safeco and Liberty Mutual? Both insurance companies offer Auto, Commercial, Condo, Home, Pet, Renters, RV, and Umbrella insurance. Additional products from Safeco insurance also include Motorcycle 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 Liberty Mutual Insurance page.

InsuranceSafecoLiberty Mutual
Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Motorcycle Insurance
Pet Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Safeco or Liberty Mutual: Ways To Save

Safeco offers a wide range of discounts to its policyholders, including Accident Prevention, Diminishing Deductible, and Distant Student discounts. In contrast, Liberty Mutual also offers a few discounts that Safeco doesn’t, including Violation Free, Student-Away-at-School, and Righttrack telematics device discount discounts. Start taking advantage of discounts offered by insurance providers like Liberty Mutual and Safeco insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

SafecoLiberty Mutual
Accident ForgivenessAccident Free Discount
Accident PreventionAdvanced Safety Features Discount
Diminishing DeductibleAlternative Energy Discount
Distant Student DiscountAnti-Theft Device Discount
Driver Training DiscountBundle Discounts
Good Student DiscountEarly Shopper Discount
New Teen RewardGood Student Discount
Newly Independent DiscountHomeowner Discount
Teen Safety RewardsMilitary Discount
Telematics Reward (Safeco RightTrack)Multi-Car Discount
Tenture AwardMulti-Policy Discount
Online Purchase Discounts
Paperless Policy Discount
Pay-in-Full Discount
Preferred Payment Discount
Righttrack telematics device discount
Student-Away-at-School Discount
Violation Free Discount

Pros & Cons of Safeco & Liberty Mutual

Pros

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.
Liberty Mutual
  • Telematics devices that track driving behaviors can save safe drivers up to 30%.
  • Liberty Mutual Deductible Fund, which reduces and eliminates your deductible.
  • Accident forgiveness for your first accident.
  • Lifetime auto repair guarantee at one of 2,000 guaranteed repair network facilities.
  • Original parts replacement ensures that you will only be sold parts made by the manufacturer, not a third party.

Cons

Safeco
  • Safeco had more than the median number of complaints about auto insurance in 2018.
Liberty Mutual
  • Accident forgiveness is not available in CA and NC.
  • New car replacement is not available in NC and WY.
  • No good student discount.
  • No military discount.
  • No rideshare insurance.

Safeco or Liberty Mutual Mobile Apps Options

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 Liberty Mutual app is available for iOS and Android. This insurance concierge is where you can report accidents or update personal information 24/7.

Safeco Mobile App
iOS     4.75.4K user reviews
Android     3.8416 user reviews
Liberty Mutual Mobile App
iTunes     4.826.6K user reviews
Google Play     4.23.8K user reviews

Safeco & Liberty Mutual Contact Info

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/
Liberty Mutual Contact Info
Address175 Berkeley Street, Boston, Massachusetts
Phone1 (888) 398-8924
Websitewww.libertymutual.com
Facebookwww.facebook.com/libertymutual
Twitterwww.twitter.com/libertymutual
Youtubewww.youtube.com/libertymutual
Linkedinwww.linkedin.com/company/liberty-mutual-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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