COLUMBUS, OH, June 1, 2021 / PRNewswire / – SafeAuto agreed to acquire Allstate Corporation (NYSE: EVERYTHING) through a subsidiary of Allstate National General.
SafeAuto will add capabilities and distribution through 24/7 customer service centers at 1-800-SafeAuto and its website. The combination will foster National General’s custom auto insurance operations for consumers and leverage National General’s expertise in company acquisitions and integration to accelerate growth.
Ari DesheSafeAuto Co-Founder and Chairman said, “I am confident that joining forces with National General with Allstate support will allow SafeAuto to expand its platform into a non-standard space. I want to thank all of our past and present partners for their contribution to our success throughout our 27-year history. “
“I have been honored to work with so many people over the past 27 years, transforming SafeAuto into a company dedicated to making buying auto insurance easy and affordable. We are delighted to hand over the reins to Allstate and National General, who together will take safe play with SafeAuto to the next level, ”said John Diamond, Co-Founder and Vice Chairman of SafeAuto.
Nine-year-old SafeAuto CEO and former Allstater Ron Davis said, “I’m delighted to see SafeAuto join the Allstate and National General family. Allstate is an iconic brand with superior capabilities and people that will enable SafeAuto to scale faster and serve even more customers. … “
The deal is expected to close by the end of the third quarter of 2021, subject to regulatory approvals and normal closing conditions.
Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to SafeAuto in the transaction.
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Safe Auto Insurance Group Inc. has been the leading provider of affordable government minimum coverage since its inception in 1993. From humble beginnings in a small one-room office in downtown to a full-fledged office building near downtown Easton, SafeAuto has always prided itself on calling home in Columbus, Ohio. With an unwavering entrepreneurial spirit and the idea that everyone is eligible for insurance, we now provide options in 28 states for drivers looking to save hard-earned money. SafeAuto offers flexible payment plans, immediate coverage and 24/7 customer service by phone and online. Whether you are looking for car, commercial, home, life, motorcycle or renter insurance, our dedicated team accompanies you around the clock to ensure that we provide you with coverage that suits your needs. Our agents are available 24/7 by calling 1-800-SAFEAUTO (1-800-723-3288). Don’t take risks with SafeAuto! For more information visit www.safeauto.com…
MediaSource on behalf of SafeAuto