Which insurance provider is right for you? Compare pros & cons, premiums, and quotes from Farmers and Liberty Mutual.
Farmers Insurance began selling insurance a year before the Great Depression and survived to become a household name. Founders John C. Tyler and Thomas E. Leavey started off by going farm to farm to gain their first policies. They specifically lowered rates for farmers and ranchers because they understood that these occupations posed fewer risks with their vehicles. By 1928, they were able to open an office in downtown Los Angeles. During the Great Depression, Farmers was one of the few companies that were able to pay claims. When a devastating earthquake hit Los Angeles, Farmers paid out claims for damaged cars and became the first insurance company to offer comprehensive insurance.
Liberty Mutual Group is a global insurer and the fourth-largest property and casualty insurer in the U.S, ranking 68th on Fortune 100 list of the largest corporations in the U.S. The company has assets of more than $100billion. Today the group employs over 50,000 people in over 900 locations around the globe, including 45 U.S. states.
Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Farmers Overview and Liberty Mutual Overview.
Which car insurance company is better? We've made it easy to compare companies side by side. See how Farmers and Liberty Mutual ranked among the industry ratings.
Comparison | Farmers | Liberty Mutual |
---|---|---|
Year Founded | 1928 | 1912 |
Market Share | 3% | 5% |
A.M. Best Rating | A- | a |
BBB Rating | A+ | A- |
Financial Strength | Excellent | Excellent |
JD Power Ranking | About Average | About Average |
Moody’s Rating | A2 | A2 |
NAIC Complaint Index | 0.8 | |
NAIC Complaint Ratio | 4.55 | |
S&P Rating | A | A |
What coverage is available through Farmers and Liberty Mutual? Both insurance companies offer Auto, Commercial, Home, RV, and Umbrella insurance. Additional products from Liberty Mutual insurance also includes Condo, Health, Pet, and Renters insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Farmers and Liberty Mutual Insurance page.
Insurance | Farmers | Liberty Mutual |
---|---|---|
Auto Insurance | ✔ | ✔ |
Commercial Insurance | ✔ | ✔ |
Condo Insurance | ✔ | |
Health Insurance | ✔ | |
Home Insurance | ✔ | ✔ |
Life Insurance | ✔ | |
Motorcycle Insurance | ✔ | |
Pet Insurance | ✔ | |
Renters Insurance | ✔ | |
RV Insurance | ✔ | ✔ |
Umbrella Insurance | ✔ | ✔ |
Farmers offer a wide range of discounts to its policyholders, including Distant Student, Electronic Funds Transfer (EFT), and Good Student discounts. Whereas, Liberty Mutual also offers a few discounts that Farmers doesn’t, including Violation Free, Student-Away-at-School, and Righttrack telematics device discount discounts. Start taking advantage of discounts offered by insurance providers like Liberty Mutual and Farmers insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
Farmers | Liberty Mutual |
---|---|
Alternative Fuel Discount | Accident Free Discount |
Distant Student | Advanced Safety Features Discount |
Electronic Funds Transfer (EFT) Discount | Alternative Energy Discount |
Good Student | Anti-Theft Device Discount |
Homeowner Discount | Bundle Discounts |
Multi-Car Discount | Early Shopper Discount |
Multi-policy Discount | Good Student Discount |
Occupational Discount | Homeowner Discount |
Pay-in-Full Discount | Military Discount |
Teen Driver Discount | Multi-Car Discount |
Transfer Discount | Multi-Policy Discount |
Online Purchase Discounts | |
Paperless Policy Discount | |
Pay-in-Full Discount | |
Preferred Payment Discount | |
Righttrack telematics device discount | |
Student-Away-at-School Discount | |
Violation Free Discount |
The Farmers app is available for iOS and Android. The Farmers Mobile App allows you access to self-service features.
The Liberty Mutual app is available for iOS and Android. This insurance concierge is where you can report accidents or update personal information24/7.
Farmers Mobile App | ||
---|---|---|
iOS | 4.8 | 3K user reviews |
Android | 4 | 3K user reviews |
Liberty Mutual Mobile App | ||
---|---|---|
iTunes | 4.8 | 26.6K user reviews |
Google Play | 4.2 | 3.8K user reviews |
Farmers Contact Info | |
---|---|
Address | 6301 Owensmouth Avenue, Woodland Hills, CA 91367 |
Phone | 1 (800) 974-6755 |
Website | https://www.Farmers.com |
https://www.facebook.com/FarmersInsurance/ | |
https://twitter.com/WeAreFarmers | |
Youtube | https://www.youtube.com/farmersinsurance |
https://www.linkedin.com/company/farmers-insurance/ |
Liberty Mutual Contact Info | |
---|---|
Address | 175 Berkeley Street, Boston, Massachusetts |
Phone | 1 (888) 398-8924 |
Website | https://www.libertymutual.com |
https://www.facebook.com/libertymutual | |
https://www.twitter.com/libertymutual | |
Youtube | https://www.youtube.com/libertymutual |
https://www.linkedin.com/company/liberty-mutual-insurance |
Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
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