Safeco Cuts Auto Insurance Rates in Colorado

SEATTLE, Nov. 16 /PRNewswire/ — Safeco announced today it is cutting auto insurance rates in Colorado by as much as 21 percent, with the average Colorado customer experiencing a 4.8 percent decrease. Since July 2004, Safeco has taken rates down more than 17 percent.

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Safeco reduced rates after seeing reduced claims activity among Colorado customers, including fewer bodily injury, medical payment and collision claims.

“We manage every product at the state level, so Colorado customers have a policy and a price specific to their insurance needs,” said Mike Robon, Vice President of Auto Product Management for Safeco Personal Insurance.

Safeco insures more than 80,000 cars in Colorado. Approximately 226 licensed independent insurance agencies sell the company’s products statewide. Enhancements to its underwriting and pricing models have allowed the company to take an increasingly sophisticated approach to the way it offers personal insurance products to Colorado customers.

“Responsible drivers shouldn’t subsidize insurance costs for those who aren’t as careful — either within Colorado or across the country,” Robon said. “We offer accurate and consistently priced policies every day, and back up each one with claims service that repairs the damage or covers the loss as quickly as possible.”

Safeco, in business since 1923, is a Fortune 500 property and casualty insurance company based in Seattle. The company sells insurance to drivers, home owners and owners of small- and mid-sized businesses principally through a national network of independent agents and brokers. More information about Safeco is available at http://www.safeco.com/ .

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Safeco

CONTACT: Paul Hollie, Safeco Media Relations, +1-206-545-3048

Web site: http://www.safeco.com/