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.

UPDATED: Oct 13, 2023Fact Checked

Travis Thompson

Licensed Insurance Agent

Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...

Licensed Insurance Agent

Jeff Root

Licensed Insurance Agent

Jeff is a well-known speaker and expert in insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading fina...

Licensed Insurance Agent

UPDATED: Oct 13, 2023

Advertiser Disclosure

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: Oct 13, 2023

Advertiser Disclosure

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.

UPDATED: Oct 13, 2023Fact Checked
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American Economy Insurance Company

Average monthly rate for good drivers:

N/A

A.M. Best rating:

A

Complaint level:

Low

Pros

  • 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

Final Verdict: Review of American Economy Insurance Company

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.

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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[su_box title="Things to Remember..." style="default”]
  • 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
[/su_box] 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. 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.

What You Should Know About American Economy

In order to purchase American Economy 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.

American Economy Auto Insurance Claims

Making a claim is pretty easy with American Economy. 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.

How do I get a quote from American Economy Auto Insurance?

If you are interested, you can get an online quote for American Economy 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.

Is American Economy Auto Insurance a reputable company?

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 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. 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 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.

Travis Thompson

Licensed Insurance Agent

Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...

Licensed Insurance Agent

Jeff Root

Licensed Insurance Agent

Jeff is a well-known speaker and expert in insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading fina...

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.

Compare Quotes from Top Companies and Save

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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