State Farm vs Safeco: Which company is best for you?
State Farm and Safeco each provide many different types of insurance coverage sufficient for the needs of most customers. However, each company has its strengths and weaknesses. To aid in your search for a new insurance policy, see how these two insurers compare in our in-depth comparison.
State Farm car insurance
State Farm is the largest auto insurance company in the U.S. with a market share of 16%. With State Farm's network of agents, customers can expect a personalized experience. This popular insurance company also boasts good ratings from reputable third parties and customers alike, with positive assessments of its customer satisfaction and financial outlook, and strong ratings overall in The Zebra's independent customer satisfaction survey.
Safeco car insurance
Safeco Insurance is a popular choice for many car insurance shoppers. As a subsidiary of Liberty Mutual, Safeco customers can enjoy a wide array of policy options and coverage levels. There are also many additional lines of insurance that may be bundled with auto policies, potentially allowing customers to streamline their insurance needs and even save money. Find out more about Safeco Insurance below.
State Farm vs. Safeco: car insurance rate comparison
In an effort to simplify the insurance-shopping process, we've collected average insurance rates from Safeco and State Farm. These take into account a number of rating factors, including credit, driving history, and age. Check out the below rates and find an affordable policy today.
State Farm is the cheapest option in most scenarios. However, your unique driving profile could be a better match for one company over another in some situations. Our advice is to get quotes from each company to see which better fits your budget.
State Farm vs. Safeco: pricing by credit score
If you have very poor credit, State Farm could be a better option for you. On average, State Farm offers lower rates than Safeco for drivers with credit scores of 579 or less. Those with exceptional credit — a score of 800-plus — should consider State Farm, which typically beats Safeco by $395 annually. View common insurance rates by credit level for Safeco and State Farm.
CREDIT SCORE INSURANCE RATE COMPARISON: SAFECO VS. STATE FARM
|Credit level||State Farm avg. annual premium||Safeco avg. annual premium|
|Very Poor (300-579)||$3,522||$5,308|
|Very Good (740-799)||$1,451||$1,871|
Auto insurance data methodology
The auto insurance rates published in this guide are based on the results of The Zebra's State of Insurance car insurance pricing analysis. This analysis of more than 83 million insurance rates spans every U.S. ZIP code, using a sample user profile: a 30-year-old single male driver with a Honda Accord, good credit and full coverage at these levels:
- $50,000 per person/$100,000 per incident for bodily injury liability
- $50,000 per incident for property damage liability
- $500 deductibles for collision and comprehensive coverage
To generate pricing for particular rating factors, we adjusted the driving profile based on common pricing factors used by major car insurance companies. These factors include credit score, coverage level, driving record and others.
In some instances, average rates from Liberty Mutual were derived from internally sourced sales data.
State Farm vs. Safeco: rates for high-risk drivers
If you are saddled with an at-fault collision or ticket, State Farm could be the better choice than Safeco. However, a reckless driving or DUI charge costs less at Safeco. Every car insurance company has different post-violation pricing structures, so don't be afraid to shop around to figure out which insurance company suits you.
RATES BY VIOLATION: SAFECO VS. STATE FARM
|Citation||State Farm avg. annual premium||Safeco avg. annual premium|
|At-fault accident (damage < $1,000)||$2,849||$2,546|
|At-fault accident (damage > $1,000)||$1,524||$1,969|
State Farm vs. Safeco: rates by age bracket
Auto insurance companies rely on a driver's age to outline risk potential, assigning rates accordingly. A car insurance policy is typically expensive for drivers younger than 25 — due to their inexperience — and more affordable for older drivers. Because every auto insurance company rates age brackets uniquely, it's worth shopping around and finding the best rate for you.
As a general rule, teen drivers should choose State Farn over Safeco: the former's average annual rates are $1,945 less.
COMPARING AUTO INSURANCE RATES BY AGE: SAFECO VS. STATE FARM
|Age||State Farm avg. annual premium||Safeco avg. annual premium|
Affordability aside, State Farm and Safeco each have pros and cons, including their discounts, perks, customer satisfaction ratings, and financial stability. Be sure to shop around before settling on an option.
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Ratings comparison: State Farm vs. Safeco
When comparing car insurance companies, don't just look at rates. You'll want a carrier with a good reputation for customer service that handles claims fairly and efficiently. To aid in your search, we've put together ratings from many trusted third-party sources to help you get a better sense of how customers view both State Farm and Safeco.
|Ratings comparison||State Farm||Safeco|
|Financial strength (A.M. Best)||Excellent||Excellent|
|JD Power (claims satisfaction)||Above Average||Average|
|JD Power (customer satisfaction)||Above Average||Average|
|The Zebra's editorial review score||4.5/5||3.5/5|
|The Zebra's Customer Satisfaction Survey||4.5/5||N/A|
The Zebra's Customer Satisfaction Survey
To get a better sense of how customers viewed the level of service they received from their insurance companies, The Zebra conducted a survey covering a wide range of topics. Safeco did not meet the criteria to be included in this survey, but you can see how customers viewed their experiences with State Farm below.
State Farm came in third place overall with a score of 4.5. Find more of the survey highlights below.
- Scored well among younger drivers
- Second place for claims satisfaction
- Third place for ease, customer service, trust and willingness to recommend
The Zebra Customer Satisfaction Survey methodology
Findings are based on an online quantitative survey of 4,794 current U.S. auto and home insurance customers, with Census-balanced sampling by age, gender and region. Categories with n=<20 responses are considered insufficient sample size and are not reported. This survey was developed by The Zebra and executed by independent research firm Maru/Blue in 2023.
State Farm vs. Safeco: discount comparison
If you are looking to save money on your premiums, it's important to consider each insurer's auto insurance discount selection. Compare discount options from State Farm and Safeco below.
|Discount comparison||State Farm||Safeco|
|Anti-lock brake system||✓|
|Student away at school||✓||✓|
|Affinity membership alum||✓|
|Pay in full||✓|
|eSign or ePay|
Both companies offer a wide selection of discounts, so both are worth exploring. In general, Safeco has a number of discounts aimed at younger drivers, including those for young drivers who become newly independent and continue coverage through Safeco.
Telematics options: State Farm vs. Safeco
Telematics programs offer drivers the chance to get more accurate risk assessments, and potentially cheaper rates, by having their driving habits tracked by their insurer. Both State Farm and Safeco offer telematics options, which you can compare below.
State Farm Drive Safe & Save is a good option for safe and low-mileage drivers. The company claims that it can save customers up to 50% on premiums, though these types of savings are most likely to be seen by lower-mileage drivers. The program is available in most states.
Safeco RightTrack® allows customers to choose either a plug-in device or an app to monitor your driving for 90 days. The company claims that safe drivers may be eligible for savings between 5 and 30%, though no savings are guaranteed.
Roadside assistance: State Farm vs. Safeco
Those who find themselves on the side of the road after a breakdown quickly realize the importance of roadside assistance programs. Take a look at the different options provided by State Farm and Safeco below.
State Farm's Emergency Road Service offers the following:
- Mechanical labor at the place of breakdown
- Towing of your vehicle to a repair facility,
- Removal of a stuck vehicle
- Delivery of gas or oil
- Assistance with changing a tire or a jumpstart
- Locksmith services
Safeco offers and optional roadside assistance package that is on par with most other major carriers. Roadside assistance can be requested through the company's mobile app or by calling 1-877-762-3101. Drivers who choose to add roadside assistance from Safeco can expect the following services:
- Battery jump start
- Fuel and fluids
- Flat-tire change
- Lock-out services
State Farm vs. Safeco: home insurance
State Farm and Safeco each offer homeowners insurance options that can be paired with your auto insurance or purchased on their own. Safeco does not offer particularly robust homeowners insurance coverage options, but State Farm is a big player in the home insurance space. Still, most customers will likely find each company's coverage options suitable for most needs. Compare ratings for each company below.
State Farm homeowners insurance review
State Farm has a number of great options for add-on coverage, making them a great option for customers looking for flexible or with unique coverage needs. However, State Farm's average rates tend to be higher than average. Also, the company suffers from a lack of available homeowners discounts — only four discount options at present. State Farm's home insurance options enjoy good ratings from third-party agencies, and the company ranked fifth place overall in The Zebra Customer Satisfaction Survey. Still, homeowners looking for basic insurance with no bells or whistles may wish to look for an alternative.
Learn more about the company's home insurance in our detailed review below.
- The Zebra Customer Satisfaction Survey — 4.4/5: State Farm was given an above-average rating among the top 15 home insurance providers surveyed.
- Claims satisfaction (J.D. Power Rating) — Below average: J.D. Power's most recent study rated State Farm as just shy of the industry average for property claims satisfaction.
- Customer satisfaction (J.D. Power Rating) — Above average: State Farm was awarded an above-average rating for customer satisfaction in J.D. Power's Home Insurance Study.
- Financial strength — Excellent: A.M. Best rated State Farm as having excellent financial viability, signaling its ability to pay for claims.
- NAIC Rating — Average: State Farm's home insurance received an average amount of complaints as logged by the National Association of Insurance Commissioners (NAIC).
Safeco homeowners review
In general, Safeco provides good homeowners insurance coverage at relatively affordable rates. The company offers all of the basic coverage types one would expect, plus additional options for valuable items and equipment breakdowns. The company tends to be among the cheapest home insurance providers, which could certainly be appealing for some. However, customer satisfaction scores remain below average, meaning that customers looking for a high level of service may be disappointed.
- The Zebra Customer Satisfaction Survey — N/A: Safeco was not included in The Zebra's homeowners insurance customer survey.
- Customer satisfaction (J.D. Power) — Average: Safeco customers expressed average levels of satisfaction, according to J.D. Power's 2021 study.
- Financial strength — Excellent: Safeco's excellent financial strength — tracked by AM Best — indicates a strong ability to pay out claims.
- NAIC rating — Poor: The National Association of Insurance Commissioners (NAIC) received more complaints than average regarding Safeco in 2019.
State Farm vs. Safeco: home insurance rate comparison
Homeowners insurance rates can vary widely depending on the location of the home, the claims history of the homeowner and the insurer. State Farm's average yearly home insurance rate is $1,356, coming out to roughly $113 per month. Safeco is marginally cheaper at $108 per month.
Remember that while cost is an important factor when shopping for homeowners insurance, it's most important to have the right policy from a trustworthy insurer.
Both companies provide affordable coverage, with Safeco coming in slightly cheaper on average at $108 per month.
Homeowners insurance data methodology
The homeowners insurance rates published in this guide are based on The Zebra's analysis of the cost of home insurance in every U.S. ZIP code. These rates are based on a sample user profile: a 45-year-old married homeowner living in a 2,500-square-foot single-story home built in 2011 with these coverage levels:
- $200,000 for the dwelling
- $20,000 for other structures
- $100,000 for personal property
- $100,000 for personal liability
- $1,000 deductible
To generate pricing for particular rating factors, we adjusted the homeowner profile based on common pricing factors used by major home insurance companies. These factors include location, coverage limits, claims record and others.
State Farm vs. Safeco: homeowners discount comparison
As with car insurance, home insurance discounts can be a great way for eligible policyholders to enjoy additional savings. While both State Farm and Safeco offer homeowners discounts, neither are particularly wide-ranging. Still, as the companies tend to have more affordable rates in general, this may be less of a drawback than with other insurers. See how these discounts compare below.
|Discount comparison||State Farm||Safeco|
|Recent home buyer|
|Newer/more durable roof|
|Protective devices (smoke/burglar alarms, etc...)||✓|
|Paid in full||✓|
|Newer/more durable roof||✓|
|New home consturction||✓|
Other insurance products and bundling options
State Farm and Safeco each provide a number of additional insurance lines that customers may couple with their home or auto policies. Bundling such policies can be a great way to streamline your insurance policies and possibly find savings. Have a look at the extra insurance lines provided by each company below.
|Other products||State Farm||Safeco|
|Travel trailer insurance||✓||✓|
|Mobile home insurance||✓|
Safeco also offers a number of additional coverages such as identity theft protection. State Farm is also a major carrier for many types of commercial insurance, for both automobiles and small businesses, as well as health and disability insurance. For those who use their vehicles for commercial purposes (delivery or rideshare drivers), State Farm could be a better option.
Find the best insurance policy for your needs.
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.