Your Source for Up-To-Date News and Research on the Collision Repair Industry
click here to subscribe to the FREE INSIGHT Editor's Desk News Alert Email
SUBSCRIBERS-ONLY
Today's News
INSIGHT This Month
INSIGHT Archives
Survey Center
Letter to the Editor
Business Tools
Subscription Information
CSI Reporting
Financial Analysis
IRS Audit Guide
Management/
Technical Info
Market Watch Rates
INSIGHT Inside this month's issue...
Feedback
Letter to the Editor
Tuesday November 28
Safeco Cuts Auto Insurance Rates in Colorado
Safeco 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.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.
©2006 Collision Repair Industry INSIGHT
All Rights Reserved
FEATURED
LINKS:
INSIGHT Supports the NABC!
Do You?