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Safeco Auto Insurance Company Profile
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Safeco had its start as the General Insurance Company of America Corporation. In 1953 the company developed computer automation tools to compete with direct insurance writers. This new venture was a huge success for the company, and because they enjoyed the most success with fire and auto insurance, the company renamed itself Select Auto and Fire Insurance Company of America, or SAFECO. The company prospered until the late 90's when the dot.com boom had an adverse effect on business. Safeco quickly recovered and posted a profit one year after the worst losses in company history. They purchased the Seattle Mariner's Ballpark (now Safeco field), and in 2005 were one of the largest insurance writers in the country, processing over $2 billion dollars in gross premiums. In 2008 the company became part of the Liberty Mutual Group and with their combined business makes them one of the largest insurers in the nation.

Quick Facts for Safeco Car Insurance

  • Founded : 1923
  • HQ : Seattle, Washington, USA
  • Auto Insurance : YES
  • Health Insurance : NO
  • Life Insurance : YES
  • Fortune 500 : NO
  • **S&P Best Financial Strength : A-
  • **S&P Best Credit Strength : A-
  • *A&M Best Rating : AA
  • ***J.D. Power Pricing Rating :
  • J.D. Power Billing and Payment Rating :
  • J.D. Power Policy Offerings Rating :
  • J.D. Power Contacting Insurer Rating :
  • J.D. Power Overall Satisfaction Rating :
  • Customers Completely Satisfied % : N/R