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Allstate buys low-cost auto insurance provider SafeAuto for $300 million

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Founded in 1993, Columbus, Ohio-based SafeAuto provides state-minimum auto insurance in 28 states, including Illinois. The category, which includes companies such as The General and Progressive, caters to drivers on a budget who don’t necessarily need to insure their own vehicles, but are required by law to carry some amount of liability protection.

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