Auto insurance from Liberty Mutual has a lot to offer. In 2020, Liberty Mutual wrote over $11 billion in insurance premiums, making it the sixth-largest car insurance company.
Liberty Mutual is considered to be one of the best car insurance companies. So, we at Way.com have decided to analyze and review how the car insurance company Liberty Mutual stacks up against the competition. Way.com evaluated Liberty Mutual's car insurance options based on coverage, third-party ratings, financial strength, and other factors.
| PROS | CONS |
|---|---|
| Numerous options for coverage | Some states have high premiums |
| Excellent financial strength and accessibility across the country | Unexpected rate increases |
| Variety of discounts |
| Features | What it means |
|---|---|
| Valet Service | A driver will be sent over to deliver your replacement car and to transport your damaged car to the shop for you (assuming it is drivable) |
| Deductible Fund | You pay $30 a year, and Liberty Mutual puts $100 into a deductible fund.That fund increases yearly as a resource you can use if you need money to satisfy a Liberty Mutual deductible. |
| Better Car Replacement | If your car is totaled, they will replace it with one model year newer car and has 15,000 fewer miles on it. |
Rideshare Insurance - As one of the ridesharing companies' approved auto insurance providers, Liberty Mutual offers rideshare insurance through Lyft and Uber in specified areas. On the other hand, Liberty Mutual does not sell rideshare insurance as an add-on to personal auto insurance coverage.
While using the Lyft app, drivers in Arizona, Michigan, New Mexico, Texas, and Utah are protected by Liberty Mutual. Similarly, Liberty Mutual insures Uber drivers in Connecticut, Rhode Island, Vermont, New Hampshire, Maine, Massachusetts, South Carolina, and Puerto Rico until the journey or delivery is completed.
Personal auto insurance coverage applies when a driver's ridesharing app is turned off.
Mechanical breakdown insurance - Liberty Mutual does not offer mechanical breakdown insurance. Mechanical breakdown insurance (MBI) is a type of car insurance coverage only offered by a few insurers. It pays for repairs not caused by routine maintenance, wear, and tear, or an accident.
Emergency road service - With the purchase of optional Towing & Labor coverage, Liberty Mutual provides 24-hour Roadside Assistance, including towing to the nearest qualified repair facility, fuel delivery, jump starts, and unlocking car doors.
Accident forgiveness - If you haven't had any crashes or traffic offenses in the previous five years, your premium won't go up as a result of your first accident. This coverage is not accessible in California, and it may differ from state to state.
Glass coverage - On Liberty Mutual comprehensive auto insurance packages, windscreen coverage is included as standard, and this is an optional extra on third-party fire and theft car insurance policies. As long as an approved repairer is utilized, this covers all of the windows in the automobile (excluding sunroofs, glass roofs, and panoramic sunroofs).
A claim on your windscreen cover won't affect your claims bonus. In any given period, two claims are allowed for each car.
Rental reimbursement - If your car is damaged in an accident, Liberty Mutual will cover the cost of a rental car while it is being repaired.
To understand types of auto insurance coverage in detail, check
https://www.way.com/blog/types-of-car-insurance-coverage/
As part of their "standard" coverage, Liberty Mutual provides the following benefits to policyholders.
Coverage for Liability - Liberty Mutual provides property damage and bodily injury coverage to its customers, required in most states. These protect you if you're at fault in a car accident and have to pay for the other driver's medical bills and property damage.
As a result, if you were at fault in a car collision with another car, Liberty Mutual would cover the other car's damages. Liberty Mutual would also cover the cost of crashing into someone's fence or mailbox.
Coverage for Medical Payments - If you're in an accident, Liberty Mutual's medical payments coverage will pay for your medical bills, legal fees, and any emotional distress you've had as a result of the accident. Liberty Mutual would compensate you for lost wages if you missed several days of work while recovering from the injury.
It will also cover bereavement expenses, which are the costs of losing a loved one in the event of a deadly accident.
Coverage for Personal Injuries - Liberty Mutual provides Personal Injury Protection (PIP) coverage, which is required by your state. Some states have higher insurance requirements than others. If you want to increase your PIP coverage, you can do so as an add-on to your policy. PIP covers your medical bills in the long run, not only in the immediate aftermath of your injury. This implies that if you or a family member has an injury that necessitates frequent hospital visits and rehabilitation, PIP will cover the costs.
Again, the amount of coverage provided by Liberty Mutual is determined by state legislation. Before you buy your insurance plan, make sure you're happy with the level of PIP coverage.
Low Coverage: Liability limits set by the state.
Medium Coverage:
| Amount of coverage | Purpose of coverage |
|---|---|
| $10000/$30000 | Liability for bodily injury |
| Liability for bodily injury caused by an uninsured motorist | |
| Liability for bodily injury caused by an underinsured motorist |
| Amount of coverage | Purpose of coverage |
|---|---|
| $60000 | Liability for property damage |
| Property damage responsibility for uninsured motorists | |
| Property damage responsibility for underinsured motorists |
High coverage:
| Amount of coverage | Purpose of coverage |
|---|---|
| $30000/$60000 | Liability for bodily injury |
| Liability for bodily injury caused by an uninsured motorist | |
| Liability for bodily injury caused by an underinsured motorist |
| Amount of coverage | Purpose of coverage |
|---|---|
| $60000 | Liability for property damage |
| Property damage responsibility for uninsured motorists | |
| Property damage responsibility for underinsured motorists |
It's easy to get auto insurance estimates from Liberty Mutual, and it only takes a few minutes. Several factors determine insurance premiums. Liberty Mutual calculates a suitable premium based on your age. Liberty Mutual provided us with predicted annual rates of $702.33 for a 45-year-old female driver and $816.72 for a 24-year-old male driver.
The area in which you live has a significant impact on your risk. Liberty Mutual considers everything from the number of cars on the road to the weather conditions you might face.
What kind of car do you drive? Some cars are more expensive to insure than others. The company considers the cost of replacement parts, the age of your car, and its safety features.
The car insurance coverage offered by Liberty Mutual is significantly more expensive than the competitors. Liberty Mutual car insurance quotes are 23% to 62% higher than typical industry rates, whether you want the bare minimum in liability insurance or complete coverage.
Liberty Mutual's auto insurance is more expensive than usual, regardless of how much or little coverage you need. Its rates for full coverage, on the other hand, are more competitive than its rates for bare minimum products.
When we analyzed driver profiles for car insurance for women and men, we found that Liberty Mutual's bids were consistently higher than the average cost of coverage we've seen from other insurers.
However, it does not appear that Liberty Mutual charges drivers involved in an accident any higher than competitors. No matter which provider you choose, avoiding accidents — especially those that are your fault — is a critical approach for getting cheap car insurance.
| Age Bracket and Gender | Rates |
|---|---|
| <25 or 25-year-old female driver | $2082 |
| <25 or 25-year-old male driver | $2241 |
| Age Bracket and Gender | Rates |
|---|---|
| <25 or 25-year-old female driver | $1170 |
| <25 or 25-year-old male driver | $1119 |
Liberty Mutual car insurance quotes are not cheap if you have a poor driving record. If you are looking for car insurance after DUI, forget about Liberty Mutual.
Accidents (even if you weren't at fault), speeding offenses, dangerous driving, and driving while drunk is all factors that might raise your insurance prices. If you've filed a claim in the last several years, your premium may have increased as well. You've probably heard it before, but do your best to be alert and maintain safe driving habits. If you keep losses too low, past claims on your record will lessen over time.
| Type of Drivers | Liberty Mutual annual rates |
|---|---|
| Good Drivers | $4782 |
| Drivers with a speeding ticket | $5709 |
| Drivers who cause at-fault accidents | $6213 |
| Drivers with a DUI | $7623 |
| States | Rates | States | Rates |
|---|---|---|---|
| Alabama | $252 | Missouri | $219 |
| Arizona | $213 | Nebraska | $177 |
| Arkansas | $222 | Nevada | $378 |
| California | $141 | New Hampshire | $144 |
| Colorado | $273 | New Jersey | $261 |
| Connecticut | $252 | New Mexico | $201 |
| Delaware | $291 | New York | $411 |
| Florida | $312 | Ohio | $141 |
| Georgia | $222 | Oklahoma | $231 |
| Idaho | $135 | Oregon | $192 |
| Illinois | $183 | Pennsylvania | $171 |
| Indiana | $165 | Rhode Island | $381 |
| Iowa | $159 | South Carolina | $252 |
| Kansas | $258 | Tennessee | $195 |
| Kentucky | $243 | Texas | $291 |
| Louisiana | $435 | Utah | $210 |
| Maine | $126 | Vermont | $123 |
| Maryland | $276 | Virginia | $201 |
| Massachusetts | $213 | Washington | $285 |
| Michigan | $378 | Washington D.C. | $222 |
| Minnesota | $159 | West Virginia | $156 |
| Mississippi | $288 | Wisconsin | $165 |
Liberty Mutual offers a variety of incentives that can help you save money on auto insurance. Liberty Mutual offers the following discounts:
To find out what discounts are available to you, contact the Liberty Mutual auto insurance service team or their insurance agent. You'll see a breakdown of what you're eligible for when you get online car insurance quo
Way.com conducted a poll to better understand car insurance from the perspective of their customers. We wanted to know how Liberty Mutual fared in terms of online experience, claim satisfaction, the convenience of use, customer service, trustworthiness, and desire to refer.
The customers of Liberty Mutual car insurance gave top marks to the company. The car insurance got high marks for trustworthiness and readiness to recommend. It did its best in the field of online experience.
Liberty Mutual is investing in technology advancements, particularly in auto insurance. You can not only file and track a claim online, but the company also provides several other benefits. Customers of Liberty Mutual can take advantage of various outstanding perks, including comprehensive coverage options, considerable savings, and digital tools.
Overall, if you appreciate organizations with unique features, coverage options, and savings, Liberty Mutual may be a decent car insurance company for you.
Liberty Mutual, based in Boston, provides a wide range of insurance products to consumers in all 50 states and Washington, D.C., including home, auto, renters, motorcycle, pet, life, business, and more.
Liberty Mutual is the sixth-largest insurance firm in the United States, with a wide range of insurance coverage. It presently has roughly a 5% market share and offers homes, cars, and businesses insurance plans.
Following the passing of a 1911 Massachusetts law mandating companies to safeguard their employees with workers' compensation insurance, Liberty Mutual was created in 1912 as the Massachusetts Employees Insurance Association (MEIA).
The company began as a mutual company, a structure in which policyholders own an insurance company. In 1914, the company opened its first branch office, and later that year, it issued its first motor insurance policy. The company's name was changed to Liberty Mutual Insurance Company in 1917, and it began issuing full-coverage auto policies through partnerships.
Liberty Mutual has grown organically and via acquisitions. Early acquisitions were tiny, but during the last decade, Liberty Mutual has made numerous substantial acquisitions, notably the high-profile acquisition of Safeco Corporation in 2008. Liberty Mutual agreed to pay $68.25 per share for all outstanding Safeco shares, for a total transaction value of about $6.2 billion.
In twelve years, revenue increased from $6 billion to nearly $30 billion due to these activities. Wausau Insurance Cos. was purchased by the firm in 1999.
According to the company, the "overwhelming" positive response to Liberty Mutual's 2006 television commercial featuring individuals doing good for others led to the creation of the website The Responsibility Project. The long-running PBS documentary series American Experience has only one corporate sponsor: Liberty Mutual.
Two new advertisements starring Sacagawea and Paul Revere were released in 2011 as part of the company's "Real America" campaign.
As part of a headquarters expansion project, the corporation started work on the Liberty Mutual Tower, a 22-story skyscraper, in 2011. In June 2013, the building acquired its certificate of occupancy. Liberty Mutual Insurance purchased Bermuda-based Ironshore Inc. from Fosun International Limited for $2.93 billion in May 2017.
Nationale Borg, Nationale Borg Reinsurance, and AmTrust Insurance Spain, which are credit and surety reinsurance companies of AmTrust Financial Services, were bought by Liberty Mutual in October 2019.
Liberty agreed to buy State Auto Group for more than $2 billion in July 2021.
The Liberty Mutual Foundation was founded in 2003 to help the communities where we live and work. In collaboration with their grantees, their collective goal is to use Liberty Mutual Insurance's experience, leadership, and financial strength to enhance the lives of society's most vulnerable people.
Their donations support NGOs that aid families and individuals trying to flourish under difficult circumstances. As a result, their grantmaking priorities in Boston, Seattle/King County, and Dallas focus on organizations and programs that provide accessibility for people of all sections of the society.
The Liberty Mutual Foundation gives one-time and multi-year program contributions and capital gifts by invitation only, supported by occasional operating support. Nonprofit-initiated discretionary requests are accepted on a rolling basis.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
The biggest benefit of Liberty Mutual is the variety of options. The firm provides a variety of coverage alternatives, including specialist options. There are various ways to save money by participating in discount programs.
However, Liberty Mutual auto insurance may not be the best or cheapest alternative for high-risk drivers.
Yes. Rental car insurance is available through Liberty Mutual. If a driver has liability, comprehensive, or collision coverage and is driving in the United States, Liberty Mutual rental car insurance is normally included in their car insurance policy.
However, each policy is different, and depending on your position, certain exclusions may apply. Before denying additional coverage at the rental counter, call customer support to double-check the contents of your policy.
Policyholders can easily terminate their auto coverage with Liberty Mutual by calling 1 (800) 658-9857 and speaking with an insurance advisor. If the representative you speak with asks you questions regarding your new insurance, be prepared to provide them with your policy details. It would be best to inquire about any costs or refunds that may apply during the cancellation process.
Liberty Mutual is costly due to the elements it considers when estimating risk, which differ from each insurer. Driver history, location, car model, and year are all things to consider.
Yes, Liberty Mutual offers gap insurance. Gap Coverage pays the difference if you have a loan on your car. The remaining loan amount is larger than the car's actual cash value (what it's worth today).
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