SafePoint Insurance Review & Ratings (2023)
SafePoint Insurance only provides insurance in Florida, Louisiana, Alabama, Mississippi, New Jersey, and Texas. SafePoint doesn't share much information about its policies, but sells home and renters insurance.
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Written by
Chris Tepedino |
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Reviewed by
Laura Walker
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UPDATED: Dec 16, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above 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 insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Dec 16, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- SafePoint offers insurance coverage only in six states
- SafePoint doesn’t offer a comprehensive description of its policies online
- You can shop for affordable insurance online
Homeowners need financially strong and innovative companies that can provide not only the necessary coverage, but also tools they need to easily update and review their policies. While SafePoint does offer an online portal for homeowners to make payments, it doesn’t have many modern conveniences that homeowners today are used to utilizing.
Keep reading to learn more about what SafePoint can offer you, how you can save money on your insurance coverage, and what information can influence your rates when you shop for insurance quotes online.
As you read this SafePoint Insurance review, you can enter your ZIP code to receive free insurance quotes from companies near you.
What is the SafePoint Insurance Company?
SafePoint is a relatively new company. Founded in 2014, SafePoint Insurance is based in Florida and doesn’t offer nationwide coverage. That being said, if you live in one of the six states listed below, you will be able to apply for coverage through SafePoint:
- Alabama
- Florida
- Louisiana
- Mississippi
- New Jersey
- Texas
It doesn’t offer much in the way of an online identity for a young company, nor does it have a mobile app for you to make payments or file a claim. The primary function of the company’s website seems to be only to inform you of what projects the company is involved in rather than what types of insurance products are available.
You can, though, use your SafePoint Insurance login to make payments, and there is a SafePoint Insurance agent login. While you can’t request a quote from the site, there is a “find an agent” tool that will help you connect with a representative in your area. The Safepoint Insurance phone number is: (877) 858-7445. You can reach Safepoint Insurance customer service at this number.
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Is SafePoint Insurance a highly rated company?
SafePoint Insurance’s A.M. Best rating was only C++ in 2021. After receiving the marginal rating, SafePoint removed itself from the A.M. Best rating system. Such a rating is not typically a sign that a company is strong financially, so if you only want to work with companies that have A.M. Best’s vote of confidence, you may want to shop around for another company in your area. On the other hand, SafePoint Insurance’s Demotech rating is currently an A.
Working with a financially strong insurance company is vital — especially if you are trying to protect your home and possessions like precious family heirlooms. So if you’re not sure that SafePoint can give you the peace of mind that you need, you may want to consider giving your business to one of the best insurance companies in the industry:
| Rank | Companies | Direct Written Premiums | Market Share |
|---|---|---|---|
| 1st | State Farm | $19,717,032 | 18% |
| 2nd | Allstate Corp. | $9,773,497 | 9% |
| 3rd | USAA Insurance Group | $7,362,747 | 7% |
| 4th | Liberty Mutual | $6,991,283 | 6% |
| 5th | Farmers Insurance Group of Companies | $6,043,865 | 6% |
| 6th | Travelers Companies Inc. | $4,866,357 | 4% |
| 7th | American Family Insurance Group | $4,442,467 | 4% |
| 8th | Nationwide Mutual Group | $3,344,181 | 3% |
| 9th | Chubb Ltd. | $3,113,149 | 3% |
| 10th | Progressive Corp. | $1,897,225 | 2% |
SafePoint does have an A+ rating with the Better Business Bureau. However, despite this high BBB rating, it’s in your best interest to read a few SafePoint Insurance reviews so you can be sure that this company meets your customer service and insurance coverage expectations.
What types of coverage does SafePoint Insurance offer homeowners?
While SafePoint mentions that it provides a home insurance and condo policy when describing its optional sinkhole coverage, there’s no definitive list of what exact services SafePoint provides. While it can be assumed that renters insurance is also available through SafePoint, you’ll need to reach out to a representative of the company to verify this.
You can file a claim with the SafePoint Insurance claims department by calling the company’s 24-hour service line or by filling out a contact form on its website.
How much does a home insurance policy from SafePoint Insurance cost?
SafePoint doesn’t offer rate information on its website, so you’ll need to use the “find an agent” tool SafePoint provides to speak directly to a representative about what you may end up paying for a policy with this company. However, this lack of information doesn’t have to serve as a roadblock in your hunt for insurance coverage.
In the six states where SafePoint provides insurance, the average annual rate for $250,000 in coverage is $1,530. You can use this figure for your budget estimations, but be aware that your rate will be unique to you. Insurance companies require applicants to share details about themselves and their homes to assign the proper risk level to each policy.
Reconstruction costs, in particular, factor heavily into your rate calculations. You can use the chart below as a guide to help you estimate how much renovating your home after a covered loss would be. This, in turn, can help you determine how much coverage you need when you begin to fill out quotes online.
| Home Type | Cost per Square Foot |
|---|---|
| Apartment | $25–$40 |
| Condo | $75–$100 |
| Farmhouse | $10–$50 |
| Row House | $25–$75 |
| Townhouse | $10–$35 |
| Victorian | $20–$200 |
Don’t forget that your credit score, the possessions you would like to protect, and even how you choose to pay for your insurance can influence your rates, too.
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Does SafePoint Insurance offer discounts?
SafePoint’s website doesn’t list any available discounts. However, you can use this table of common insurance discounts to help you find a policy that provides you with ample opportunities to save money.
| Common Home Insurance Discounts |
|---|
| New Roof |
| Electrical Upgrades |
| Fire Alarm |
| Home & Auto |
| Home & Life |
| Home & Umbrella |
| Sprinklers |
| Security System |
| Gated Community |
| Water Safety System |
| Paid in Full |
| Customer Loyalty |
| Claim Free |
| New Home |
| Fire Resistant Construction |
| Storm Shutters |
| Plumbing Upgrades |
When you shop for insurance online, you should request quotes from at least five different insurance companies. Taking such a step will allow you to verify if you have the best coverage at the lowest rate available to you.
What other coverage does Safepoint offer?
SafePoint doesn’t appear to sell car insurance at this time, but there is too little information on its website to know this for certain. It is in your best interest to reach out to a SafePoint representative so you can learn more.
Similarly, SafePoint doesn’t seem to sell life insurance policies. If you would like to find a policy that provides financial support for your loved ones, you can shop online to find a policy that meets your coverage needs.
What You Need to Know About SafePoint Insurance
SafePoint is a young company, but its vague website and lack of online tools may not match the needs of today’s consumers. The financial ratings from Demotech and A.M. Best are also in conflict with each other, so if you only want to work with companies that are known to be financially sound, this may not be the best company for you.
While SafePoint confirms that sinkhole coverage is available as an endorsement on its website, you won’t be able to learn much more about the company’s rates and discounts.
Now that you’ve reached the end of this SafePoint Insurance review, you should be feeling ready to set out on your insurance shopping journey.
Compare The Best Insurance Quotes In The Country
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
|
Written by
Chris Tepedino |
|
Reviewed by
Laura Walker
|