Chile is regarded as one of the safest countries in Latin America. Crime rates are extremely low when compared to the rest of the region, and the police are widely considered to be efficient and trustworthy. Despite these objective trends, fear of crime is widespread throughout Chile. Why are Chileans so fearful when their country is so safe? We argue that fear of crime in Chile does not reflect fear of criminal acts per se, but is rather a manifestation of a wide range of daily insecurities. That is, fear of crime is rooted in other economic, social, and political insecurities featuring prominently in Chilean life today. To substantiate this argument, we test the ability of these “other” insecurities to predict fear of crime using a recent survey conducted by the International Labor Organization in 2001. We test our hypothesis alongside counterhypotheses prominent in the literature: social identity characteristics, victimization, trust in the media, urbanization, and community participation. We find that political, social, and economic insecurities best predict fear of crime; however, victimization, urbanization, and trust in the media are also significant. Our results suggest that scholars should study fear of crime not only as it relates to victimization and criminalization, but also in a context of insecurities generated by increasing rates of unemployment and poverty.