Safeco Renters Insurance Ratings
Safeco Renters Insurance Reviews 2023 (Ratings, Cost & Coverage). Renters insurance is a great idea. For most renters, it's even becoming a requirement.
Safeco is a smaller company, but it offers some excellent renters policies. They're also backed by Liberty Mutual, so you can trust that they're a financially stable company who will be there when you need them to pay their claim.
How's their customer service? To find that out, there's nothing better than evaluating Safeco renters insurance reviews.
To do this, it's worth looking at two sources: online publications that evaluate insurance products, and consumer reviews.
Check out Safeco renters insurance reviews, ratings, cost & coverage for Safeco tenant insurance policies.
Following are some of the answers to commonly asked Safeco renters insurance questions:
- How Do I Get A Safeco Renters Insurance Quote?
- What Types Of Renters Insurance Does Safeco Offer?
- How Much Does Safeco Renters Insurance Cost?
- What Type Of Renters Insurance Discounts Does Safeco Offer?
- What Is The Safeco Package Deal Discount?
- Is Safeco A Good Renters Insurance Company?
- Is Safeco A Reliable Renters Insurance Company?
- Are Safeco's Renters Insurance Reviews & Ratings Good?
How Do I Get A Safeco Renters Insurance Quote?
Call the Safeco insurance phone number at (877) 857-9519 to start your renters quote.
Licensed Safeco insurance agents are available 7 days a week during these hours (Eastern time):
|7 a.m. to 10 p.m.||Monday through Friday|
|7 a.m. to 8 p.m.||Saturday|
|11 a.m. to 8 p.m.||Sunday|
Or you can start your Safeco renters insurance quote online 24/7:
What Types Of Renters Insurance Does Safeco Offer?
Have you ever asked yourself, "What does renters insurance cover?" Or, "Do I really need renters insurance?" These are good questions.
Your landlord may already have insurance to take care of the building you live in - but what about your belongings inside?
Safeco offers the following renters insurance policy types:
Renters - Safeco's renters insurance coverage is available for personal belongings.
Also liability coverage, living expenses, identity recovery, valuable articles, and personal property replacement cost.
|Safeco Renters Insurance Coverage||Coverage Description|
|Personal Property Coverage||Protects your belongings from damage, theft, or loss whether you're home or away.|
|Liability Coverage||Helps cover medical and legal fees if a guest gets hurt while visiting your place.|
|Living Expenses Coverage||Helps pay for living expenses if you're forced to leave your home after a covered loss.|
|Safeco Optional Renters Coverages||Coverage Description|
|Identity Recovery||Protects you and your family from identity theft, lost wages, and other expenses.|
|Valuable Articles||Covers valuable items, like jewelry, art, and antiques, if they're damaged or stolen.|
|Personal Property Replacement Cost||Pays the actual cost to replace your covered personal belongings.|
How Much Does Safeco Renters Insurance Cost?
The average cost of Safeco's renters insurance policies ranges from $9 to over $24 per month, and is mainly based on your zip code, liability limits, value of belongings and claims history.
What Type Of Renters Insurance Discounts Does Safeco Offer?
Safeco offers a few ways to save your renters insurance:
|Safeco Renter Insurance Discount||Discount Description|
|Multiple Policy Discount||Save even more with a multiple policy discount when you also add coverage for your motorcycle, boat, or RV.|
|Choose a Higher Deductible||A higher deductible will lower how much you pay for your renters insurance premium by shifting part of the loss payment to you. For example, if you have a $500 deductible, you'll need to pay the first $500 of a loss out of your own pocket. A higher deductible will lower your tenant insurance bill, but will also increase how much you'll end up paying yourself if you file a claim.|
|Pay Your Bill In Full||If you pay your bill in full when you start or renew a policy, instead of paying in monthly installments, you'll end up paying less in the long run.|
What Is The Safeco Package Deal Discount?
The Safeco Package deal discount offers the best combination of savings, convenience and coverage available when you combine your renters and auto coverages. According to Safeco's website there are three main reasons to choose the Package:
- Save up to 15 percent. Combine your home and auto policies as a Safeco Package.
- Single loss deductible. If your car, motorcycle, boat or RV insured with Safeco is damaged in the same event as your home, you may only have to pay one deductible. For example, if a tree falls and damages both your garage and your car, we'll waive your auto deductible after your home deductible is paid.
- Choose between a six month and an annual auto policy. With annual auto, you can align the renewal period and effective dates of your homeowners and auto policies. Plus, your auto premium is set for 12 months, so you know exactly how much your payments will be.
- Combined billing statements give you a single bill for all your policies, providing more efficiency and convenience.
- By aligning renewal dates, customers receive their policies in the same envelope, providing more simplicity and less paperwork.
Comprehensive Protection, Flexible Options
- Coverage options. Choose from multiple coverage options for both your home and auto policies.
- Coverage enhancements. Strengthen your coverage with optional enhancements like equipment breakdown coverage for your home and Roadside Assistance for your car.
- 24/7 claims. Get fast, fair and hassle-free claims service at any time on any day of the year.
Is Safeco A Good Renters Insurance Company?
Renter's insurance is sort of the "red headed step-child" of the insurance world. It rarely costs more, each month, than a pizza dinner. Thus it tends to get overlooked in financial publications, which are far more focused on auto and homeowners policies.
Nevertheless, Safeco has still gotten a little bit of coverage for their renters insurance product.
Here are some Safeco Renters Insurance reviews from actual Safeco tenant insurance customers:
"Great place for renters! I enjoyed having renters insurance from Safeco. They met our needs when we had a claim and had no problem during the process. Would have insurance through them again."/p>
"Great company, awesome fast response on a claim, only takes 3 days for service. My policy is very inexpensive for what I have. Extra coverage is very reasonable. Covered things I didn't even know I had. Application is super easy to complete, doesn't ask a million questions."/p>
"Safeco did us right! Safeco gave us the full value of our personal property coverage after losing 98% of our personal property in the N. CA Lake County Valley Fire 2 years ago. We were uninsured by our own naivety, but happy to have more insurance than many or most on a rental.
And they really came through on 2 years 'loss of use' coverage that had no $ limit attached—saved us $7000 of hotel rooms for 2 months and the difference between our old rent and the rent of a temporary rental for another 22 months. They were kind, compassionate, and available when we needed them to be. We now carry full coverage for the value of our property and also updated all of our other policies to have better loss of use as this one did."
In summary, overall - consumers have had good experiences with Safeco renters insurance.
Is Safeco A Reliable Renters Insurance Company?
Yes. Safeco has the money and reserves to pay it's renters claims. Safeco Insurance is owned by the Liberty Mutual Group, which is very financial stable.
Liberty Mutual Insurance has financial strength ratings of "A" or "Strong" from Standard & Poor's, an "A2" or "Good" from Moody's, and an "A" or "Excellent" rating with A.M. Best. Liberty Mutual is ranked in the top 100 largest U.S. Corporations according to Fortune.
Are Safeco's Insurance Reviews & Ratings Good?
Following are some Safeco renters insurance reviews online:
Better Business Bureau
The Better Business Bureau says Safeco offers: Car Insurance, Motorcycle Insurance, Personal Liability Protection, Homeowners Insurance, Renters Insurance, Condominium Insurance, Flood Insurance, Identity Fraud Expense Coverage & Life Insurance.
Overall the BBB rates Safeco A+. It does reference that Liberty Mutual is the parent company.
Says 79% of Safeco users are likely to renew their policy, 80% would recommend to a friend, and 84% rated their claim's experience positively. Those are high numbers for the insurance industry, and represent a positive track record overall.
Overall Clearsurance.com rates Safeco 3.96 out of 5 stars.
Reported similar statistics, though their site said only 74% planned to renew. Still, they awarded Safeco a 4.5/5 for claims processing, a 4 out of 5 for customer service, and a 4 out of 5 for "value for price." They got these numbers by surveying more than 3,100 insurance customers nationwide.
Insurance.com rates Safeco 4 out of 5 stars.
The Simple Dollar
Noted Safeco as the cheapest renters policy in South Dakota, as well as one of the best. While that doesn't tell you how they stack up in all 50 states, it does give you a nice indication of the kinds of rates and service you can expect.
The Simple Dollar has nice things to say about Safeco's renters policy.
Safeco's Contact Information
Address: 175 Berkeley Street, Boston, Massachusetts 02116
Sales Phone #: (877) 857-9519
Safeco Renters Insurance Reviews - The Bottom Line
Safeco renters insurance reviews are overall very good - and Safeco renters premiums are lower than average, and because you can customize your coverage and take advantage of discounts it's easy to take them even lower. Price is a factor for most customers, so this is worth paying attention to.
Safeco offers some features that other renters policies don't. For example, for an extra $1 a month you can get Safeco's Identity theft coverage. This will cover the costs associated with restoring your identity. Since this has little to do with renting an apartment, or things which might go wrong in an apartment, it's a nice benefit.
Safeco also replaces items at their actual retail value, regardless of the age of the original object. This means if you have a laptop that you bought two years ago it won't pay you $150 for a used, older-model laptop. It will pay you what it costs to purchase a similar laptop at the same price.
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