The insurer’s subsidiary Nationwide Normal will likely be buying the low-cost auto insurance coverage service.
Allstate has introduced that it has come to an settlement for a SafeAuto acquisition by way of its subsidiary, Nationwide Normal.
This buy will assist Allstate to increase a spectrum of its capabilities and distribution.
By the SafeAuto acquisition, Allstate will add the auto insurer’s capabilities and distribution to its personal providing, together with its 24/7 buyer contact facilities at SafeAuto’s 1-800 quantity, in addition to by way of its web site. By bringing the low-cost auto insurer into Nationwide Normal, it would improve the direct-to-consumer, non-standard car protection operations, whereas working with Nationwide Normal’s robust file of acquisitions and integrations of different corporations for enhancing its progress charge.
“I’m assured that combining forces with Nationwide Normal with the backing of Allstate will permit SafeAuto to develop its platform within the non-standard area. I want to thank all of our previous and current associates for his or her contributions to our success throughout our 27-year historical past,” mentioned SafeAuto co-founder and chair Ari Deshe.
The SafeAuto acquisition will mix the insurer’s strengths with Allstate and Nationwide Normal.
“It has been an honor to have labored with so many these previous 27 years constructing SafeAuto into an organization devoted to creating the acquisition of auto insurance coverage simple and inexpensive. We’re delighted to show the reins over to Allstate and Nationwide Normal, which collectively, will take Taking part in It Protected with SafeAuto to the subsequent stage,” mentioned SafeAuto co-founder and vice chair Jon Diamond.
Including to that, the SafeAuto CEO for the final 9 years – additionally a former Allstate worker – Ron Davies mentioned, “I’m excited to see SafeAuto be a part of the Allstate household and Nationwide Normal. Allstate is an iconic model with very good capabilities and other people that can allow SafeAuto to extra quickly scale and serve much more customers.”
The SafeAuto acquisition by Allstate’s Nationwide Normal subsidiary should nonetheless endure regulatory approvals and should satisfactorily meet typical closing circumstances 
earlier than the deal closes. That mentioned, there aren’t any anticipated hiccups that might current obstacles. The closing is anticipated to happen earlier than the top of this yr’s third quarter.
