Safeco Offers All Parents of Teen Drivers Peace-of-Mind

Safeco (NYSE: SAF) today announced that its safe teen driving solution, Teensurance, previously available only to Safeco policyholders, is now available to everyone nationwide. Nearly one year after inception, Safeco decided to offer all parents the peace-of-mind that comes with knowing their teen is equipped with the right tools to drive safely. "Teensurance is the most comprehensive safe teen driving solution I have ever seen,” said Tom Wiecek, independent insurance agent, Paramount Insurance, High Point, NC. "Teensurance provides parents the opportunity to sample Safeco’s offerings while accessing a tool that reduces teen accident rates and encourages new drivers to act responsibly behind the wheel.” Teensurance is now available to everyone, including Safeco policyholders, at the introductory price of $14.99 per month. It can be purchased from a local Safeco agent or online at the Teensurance Web site. Safeco auto policyholders who purchase Teensurance will receive up to a 15 percent discount on their teen auto policy (subject to state availability). "We have talked to numerous customers about the positive impacts of Teensurance and now, we are giving every parent the option to participate in a program that has the potential to save many lives,” said Jim Havens, vice president of customer solutions at Safeco. "Safety is most important when it comes to insuring teen drivers, and we want every parent — no matter what insurance carrier they choose — to feel safe while their teen learns the rules of the road.” Teensurance offers a comprehensive set of online tools to encourage safe driving, including a GPS-based device – the Safety Beacon™ – that can notify parents when a driver exceeds a pre-set speed limit or travels outside predetermined boundaries. Teensurance allows parents to have positive dialogue with teens about the responsibilities that come with a driver’s license. The program also includes 24/7 roadside assistance and remote door unlocking capabilities to deliver help for teens when they need it most. About Safeco 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. Safeco is also one of the nation’s leaders in the sale and service of surety bonds. More information about Safeco can be found at www.safeco.com.