Farmers vs. Liberty Mutual Insurance

Which insurance provider is right for you? Compare pros & cons, premiums, and quotes from Farmers and Liberty Mutual.

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Farmers vs. Liberty Mutual: What You Need to Know

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.

Farmers vs. Liberty Mutual: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Farmers and Liberty Mutual. On average, Farmers charges approximately $287.68 per month while Liberty Mutual comes in at around $313.25 per month. For Farmers, the cheapest state average is North Dakota at $119.80 per month and the most expensive is Michigan at $791.52 per month. For Liberty Mutual, the cheapest state average is North Carolina at $90.18 per month and the most expensive is Delaware at $864.88 per month.

Farmers

Average Rate

$287.68
Liberty Mutual

Average Rate

$313.25
National

Average Rate

$119.16
State Farmers Liberty Mutual
Alabama $201.23 -
Arizona $265.83 -
Arkansas $190.00 $360.40
California $259.01 -
Colorado $304.62 -
Connecticut- $401.80
Delaware- $864.88
Idaho $123.44 -
Illinois $209.20 -
Indiana $135.50 -
Iowa $143.95 $286.56
Kansas $186.15 -
Maryland- $368.58
Massachusetts- $246.79
Michigan $791.52 -
Minnesota $172.10 -
Mississippi- $481.31
Missouri $212.55 -
Montana $201.16 -
Nebraska $191.65 $296.41
Nevada $306.01 $276.14
New Hampshire- $226.70
New Mexico $202.44 -
New York- $420.74
North Carolina- $90.18
North Dakota $119.80 -
Ohio $152.11 $235.48
Oklahoma $171.70 -
Oregon $174.94 -
Pennsylvania- $326.84
Rhode Island- $373.83
South Dakota $124.86 -
Tennessee $164.93 $243.32
Utah $215.10 -
Washington $155.85 $194.31
Wisconsin $171.67 $268.70
Wyoming $200.59 -

Farmers vs. Liberty Mutual: Rates by Number of Vehicle

Home

Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Farmers and Liberty Mutual typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Farmers Liberty Mutual
1 Vehicle $267.73 $298.49
2 Vehicles $346.87 $370.42
3 Vehicles $650.04 $
4 Vehicles $807.21 $

Farmers vs. Liberty Mutual: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Farmers charges $286.65 per month and Liberty Mutual charges $281.77 per month for customers who own their home.

Own/Rent Farmers Liberty Mutual
Own $286.65 $281.77
Rent $288.22 $326.96

What is Farmers and Liberty Mutual Insurance Rating?

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.

ComparisonFarmersLiberty Mutual
Year Founded19281912
Market Share3%5%
A.M. Best RatingA-a
BBB RatingA+A-
Financial StrengthExcellentExcellent
JD Power RankingAbout AverageAbout Average
Moody’s RatingA2A2
NAIC Complaint Index0.8
NAIC Complaint Ratio4.55
S&P RatingAA

Farmers or Liberty Mutual: Insurance Products Offered

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.

InsuranceFarmersLiberty Mutual
Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Pet Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Farmers or Liberty Mutual: Ways To Save

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.

FarmersLiberty Mutual
Alternative Fuel DiscountAccident Free Discount
Distant StudentAdvanced Safety Features Discount
Electronic Funds Transfer (EFT) DiscountAlternative Energy Discount
Good StudentAnti-Theft Device Discount
Homeowner DiscountBundle Discounts
Multi-Car DiscountEarly Shopper Discount
Multi-policy DiscountGood Student Discount
Occupational DiscountHomeowner Discount
Pay-in-Full DiscountMilitary Discount
Teen Driver DiscountMulti-Car Discount
Transfer DiscountMulti-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

Pros & Cons of Farmers & Liberty Mutual

Pros

Farmers
  • Financial strength
  • Great employee education and customer service.
Liberty Mutual
  • Telematics devices that track driving behaviors can save safe drivers up to 30%.
  • Liberty Mutual Deductible Fund, which reduces and eliminates your deductible.
  • Accident forgiveness for your first accident.
  • Lifetime auto repair guarantee at one of 2,000 guaranteed repair network facilities.
  • Original parts replacement ensures that you will only be sold parts made by the manufacturer, not a third party.

Cons

Farmers
  • Steep early-cancellation fees.
Liberty Mutual
  • Accident forgiveness is not available in CA and NC.
  • New car replacement is not available in NC and WY.
  • No good student discount.
  • No military discount.
  • No rideshare insurance.

Farmers or Liberty Mutual Mobile Apps Options

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     4.83K user reviews
Android     43K user reviews
Liberty Mutual Mobile App
iTunes     4.826.6K user reviews
Google Play     4.23.8K user reviews

Farmers & Liberty Mutual Contact Info

Farmers Contact Info
Address6301 Owensmouth Avenue, Woodland Hills, CA 91367
Phone1 (800) 974-6755
Websitehttps://www.Farmers.com
Facebookhttps://www.facebook.com/FarmersInsurance/
Twitterhttps://twitter.com/WeAreFarmers
Youtubehttps://www.youtube.com/farmersinsurance
Linkedinhttps://www.linkedin.com/company/farmers-insurance/
Liberty Mutual Contact Info
Address175 Berkeley Street, Boston, Massachusetts
Phone1 (888) 398-8924
Websitewww.libertymutual.com
Facebookwww.facebook.com/libertymutual
Twitterwww.twitter.com/libertymutual
Youtubewww.youtube.com/libertymutual
Linkedinwww.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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