American Economy Auto Insurance Review (2024)
American Economy auto insurance is a subsidiary of Safeco. They offer life, home, renters, & auto insurance, as well as specialty policies for motorcycles, RVs, and boats.
Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
UPDATED: Aug 18, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 18, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
American Economy Insurance Company
Average Monthly Rate For Good Drivers
$135A.M. Best Rating:
AComplaint Level:
LowPros
- American Economy offers a variety of insurance policies including home, life, and auto
- American Economy provides the options of making a claim online or on their 24-hour claim hotline
Cons
- American Economy Insurance Company is licensed to sell insurance in every state except for New Jersey
- American Economy is an insurance underwriter owned by Safeco
- American Economy offers a variety of insurance policies including home, life, and auto
- American Economy provides the options of making a claim online or on their 24-hour claim hotline
Who is American Economy Insurance? American Economy Insurance Company is an auto insurance company that is owned by Safeco Insurance. The company was founded in 1959 and was acquired by Safeco in 2008. Keep in mind that American Economy Insurance is a different company from both Assurance America Economy and Economy Preferred Insurance Company.
American Economy does not have its own website but does offer all of the products available through Safeco.
American Economy Insurance Company is licensed to sell insurance in every state except for New Jersey. American Economy is one of the several underwriters that are owned by Safeco.
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What You Should Know About American Economy
In order to purchase American economy insurance Company or Safeco products, you will have to use an independent agent. The good news is that Safeco offers an agent search by location tool on its website.
You have two options for your search:
- By your ZIP code
- By state
Once you do your search, you also have the option of doing a refined search.
This allows you to search for an agent by the products that they sell, by a specific address, or even by an agent name if you know someone but aren’t sure where they are located.
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American Economy Auto Insurance Claims
Making a claim is pretty easy with American Economy, although you cannot use a specific American Economy Insurance Company claims phone number. Instead, all you have to do is go to the Safeco website and click the link for claims.
You are then provided with a list of the types of claims you can make such as:
- Automobile
- Homeowners
- Natural disasters
- Workers compensation
Safeco provides a guide that you can use to determine what you will need in order to file your claim.
You then have the option of filing your claim online, or you can call their 24/7 claims line at 1-800-332-3226.
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How do I get a quote from American Economy Auto Insurance?
If you are interested, you can get an online quote for American Economy car insurance on the Safeco website.
The only downside to using Safeco’s quote tool is that you won’t be comparing quotes from multiple companies, which is the only way to ensure that you are getting the lowest possible price for your insurance.
American Economy Insurance Coverage Options
Because American Economy operates under the Safeco Insurance umbrella of companies, getting an auto insurance policy through American Economy means you’ll have access to many different types of coverage.
You will also likely be able to meet all of your insurance needs with Safeco potentially saving hundreds of dollars a year by bundling your different policies together.
This includes your life insurance, home or renters insurance, and your auto insurance, as well as specialty policies for motorcycles, recreational vehicles, boat insurance, and more.
Between all of Safeco’s insurance companies, any of the products offered by American Economy are available in all 50 states.
However, you may need to purchase them through one of the company’s sister companies.
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Frequently Asked Questions
What is American Economy Auto Insurance?
American Economy Auto Insurance is an insurance company that offers coverage specifically for automobiles. They provide a range of auto insurance policies designed to protect drivers and their vehicles in the event of accidents, theft, or other incidents.
Who owns the American Economy Insurance Company?
If you’re wondering who owns American Economy Insurance Company, the answer is they are a subsidiary of Safeco Insurance.
Well, who owns Safeco Insurance? Liberty Mutual is the parent company of Safeco. That information might lead you to ask, are Liberty Mutual and Safeco the same? But no, they are not.
Is American Economy Auto Insurance a reputable company?
You might ask, is American Insurance a legit company? Yes, American Economy Auto Insurance is generally regarded as a reputable insurance company.
However, it’s always a good idea to research and compare multiple insurance providers to find the one that best suits your needs and preferences. Customer reviews and ratings can provide valuable insights into the company’s reputation.
What types of coverage does American Economy Auto Insurance offer?
American Economy Auto Insurance offers various types of coverage, including liability coverage, collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, medical payments coverage, and personal injury protection. They also provide optional coverage add-ons such as roadside assistance and rental reimbursement.
How can I get a quote for American Economy Auto Insurance?
To obtain a quote from American Economy Auto Insurance, you can visit their website or contact their customer service. You can also look up the American Economy Insurance phone number.
You will typically need to provide information about yourself, your vehicle, and your driving history to receive an accurate quote.
Can I manage my American Economy Auto Insurance policy online?
Yes, American Economy Auto Insurance offers online policy management services. Through their website or mobile app, you can access your policy information, make payments, update your contact details, file claims, and perform other policy-related tasks conveniently.
Does American Economy Auto Insurance offer discounts?
Yes, American Economy Auto Insurance offers various discounts to eligible policyholders. These discounts can be based on factors such as a safe driving record, multiple policies with the company, vehicle safety features, good student status, and more. It’s advisable to inquire about available discounts when obtaining a quote.
How are claims handled by American Economy Auto Insurance?
When filing a claim with American Economy Auto Insurance, you can typically do so online, through their mobile app, or by contacting their claims department directly with the American Economy Insurance claims phone number.
The company aims to process claims efficiently and provide support throughout the claims process.
Can I cancel my American Economy Auto Insurance policy?
Yes, you can cancel your American Economy Auto Insurance policy. The process and any associated fees or refunds may vary depending on the terms and conditions of your specific policy. It’s recommended to contact their customer service for detailed instructions on canceling your policy.
Does American Economy Auto Insurance offer 24/7 customer support?
American Economy Auto Insurance provides customer support during regular business hours. However, their availability may vary depending on the specific department or type of assistance required.
It’s advisable to check their website or contact their customer service at the American Economy Insurance Company phone number for the most accurate and up-to-date information on their support hours.
Is American Economy Auto Insurance available nationwide?
American Economy Auto Insurance operates in multiple states across the United States. However, their availability may not be nationwide. It’s best to check their website or contact their customer service to confirm if they offer coverage in your specific location.
What is the most trusted car insurance company?
You may wonder what is the number one insurance company in the US? Or you might ask what is the most popular insurance company in the USA?
These questions are not easily answered because they are pretty subjective. State Farm, GEICO, and Progressive are among the top insurance companies in the U.S., but the best company for you will depend on your own personal situation and what appeals to you the most.
Are Safeco and Progressive the same?
No, Safeco and Progressive are two different companies. Safeco is a subsidiary of Liberty Mutual, but who owns Progressive Insurance? Progressive is not another subsidiary; rather it is owned by shareholders.
Who typically has the cheapest insurance?
When you are on the hunt for car insurance, you might ask who is cheaper, Geico or Progressive? You might wonder is Allstate cheaper than Geico? Auto insurance rates are based on a variety of factors, so which company is cheapest depends on each individual situation.
However, in general, State Farm tends to be one of the cheapest auto insurance companies. And on the other hand, you might be curious who has the highest car insurance in the United States? Again, that will depend on several different factors including driving record and location.
What’s the best car insurance coverage to have?
The best car insurance coverage depends on a variety of factors including the type of car you own and where you live.
Who is the top 5 insurance company?
During your search for car insurance, you may be curious to know which is the best insurance company in the US? You may also want to ask how to choose the best car insurance in USA?
Knowing how to choose the best car insurance company means knowing what kind of coverage you need as well as the type of service you want to receive. The best car insurance will vary depending on your individual needs.
Which insurance company has the most complaints?
There are different ways to find out about the complaints that have been filed against insurance companies such as looking at AM Best ratings or checking out the Better Business Bureau for various companies.
You might be asking questions such as where does AIG rank in insurance companies? Does AIG have a good reputation? Is USAA good insurance? Is USAA good at paying claims? What is the AM Best rating for Great American Insurance Company?
Look at specific reviews and ratings for companies such as Economy Tax and Insurance reviews or Safeco Insurance ratings when you’re comparing insurance quotes.
Why did my car insurance go up in 2024?
Your insurance rates depend on several factors including your driving record and where you live. Inflation and industry trends could also impact your car insurance costs.
You can ask your insurance agent how to lower your car insurance premium. There may be discounts or coverage changes you can make.
Is auto insurance industry recession proof?
The car insurance industry is relatively safe from a recession, but it’s not completely risk-free. Has an insurance company ever lost money? Sure, but usually the bigger insurance companies are able to easily bounce back from any major losses.
Which insurance companies have the best claims?
Deciding which insurance companies are the best with claims really depends on personal factors. However, USAA, State Farm, and GEICO are all fairly well rated when it comes to claims satisfaction.
You might ask, does USAA raise rates for claims? The answer to that depends on the nature of the claim as well as your history of filing claims and your insurance coverage.
Who insures the most cars?
Which insurance provider insures the most cars depends on what region you’re looking at as well as what kind of cars. Overall, State Farm has been one of the leading insurance providers although GEICO and Progressive are catching up.
Is USAA only for the military?
One of answers to the question, what are the disadvantages of USAA? may be that it is only for military members and their eligible family members. You can check to see if you’re eligible on their website.
Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
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