Liberty Mutual vs. Erie Insurance

Which insurance company is right for you? Compare price, products, and quotes from Liberty Mutual and Erie.

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Liberty Mutual vs. Erie: What You Need to Know

Liberty Mutual Group is a global insurer and the fourth largest propertyand casualty insurer in the U.S, ranking 68th on Fortune 100 list of thelargest corporations in the U.S. The company has assets of more than $100billion. Today the group employs over 50,000 people in over 900 locationsaround the globe, including 45 U.S. states. Liberty Mutual formed on July1, 1912, as Massachusetts Employees Insurance Association (MEIA) andemerged after state law began to require that employers carry protectionfor their employees. MEIA provided workers’ compensation insurance tocompanies, and the first auto policy was sold in 1918. In 1920, the companyused a then-new medium of film to teach people about workplace safety. Thefirst Liberty Mutual home office opened its doors in Boston in 1937. In1946, they created an emergency stop switch for escalators. In 1957 LibertyMutual and Cornell University partnered to create a “safety car” by crashtesting with dummies, something that had never been done before. In 1964,Liberty Mutual began selling life insurance though the Liberty LifeAssurance Branch. The first battery-powered prosthetic elbow was created bythe company in 1967. As Liberty Mutual grew, it expanded beyond NorthAmerica by opening its first operation in the UK. In the 1990s, theycontinued to grow through the acquisition of large commercial and riskcarriers. In 2008, Safeco became a part of Liberty Mutual. In 2016reaffirmed its commitment to innovation by creating Solar Labs.

Erie Insurance Exchange was founded in 1925 by H.O. Hirt and O.G. Crawford,in the city of Erie, Pennsylvania. H.O. Hirt hoped to create a companybased on superior service using the mantra, “The ERIE is Above all insERvIcE,” with the letters "E-R-I-E" raised in capitals out of the word“service.” It still remains the company tagline today. Three years afterbeing established, the company was doing so well that it expanded itsbusiness by opening its first office outside Erie, in Pittsburgh. By 1934,the company created the “Super Standard Auto Policy,” which was used as amodel for other insurance companies across the country. The company laterexpanded its product portfolio into a home, business and in the year 1967,Erie Family Life Insurance Company was formed, offering life insurance toconsumers. Erie Indemnity Company was registered with the Securities andExchange Commission in 1994 and in the following year it was listed onNASDAQ. Today, Erie Insurance Company ranks number 381 on the 2019 FORTUNE500® list and has over 5,000 employees and 12,000 independent agents. Also,the company ranks highest among auto insurers in providing a satisfyingpurchase experience, with a score of 917 (on a 1,000-point scale).

Below is a list of average rates, rankings, products and discounts for the two companies. For full company overviews, you can visit Liberty Mutual Overview and Erie Overview.

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

Below is a list of the average rates that drivers typically pay with Liberty Mutual and Erie. On average, Liberty Mutual charges approximately $304.13 per month while Erie comes in at around $120.07 per month. For Liberty Mutual, the cheapest state average is North Carolina at $88.65 per month and the most expensive is Delaware at $852.71 per month. For Erie, the cheapest state average is Ohio at $81.30 per month and the most expensive is New York at $178.91 per month.

Liberty Mutual

Average Rate

$304.13
Erie

Average Rate

$120.07
National

Average Rate

$117.77
State Liberty Mutual Erie
Arkansas $377.87 -
Connecticut $399.66 -
Delaware $852.71 -
Indiana- $88.47
Iowa $286.50 -
Maryland $351.21 $166.54
Massachusetts $243.12 -
Mississippi $466.14 -
Nebraska $306.98 -
Nevada $279.45 -
New Hampshire $205.67 -
New York $412.33 $178.91
North Carolina $88.65 $84.29
Ohio $236.13 $81.30
Pennsylvania $321.63 $110.85
Rhode Island $369.16 -
Tennessee $237.07 $107.01
Virginia- $90.15
Washington $195.12 -
West Virginia- $96.42
Wisconsin $261.71 $92.13

Liberty Mutual vs. Erie: 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 Liberty Mutual and Erie typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Liberty Mutual Erie
1 Vehicle $290.55 $119.16
2 Vehicles $356.67 $123.18
3 Vehicles $ $199.14

Liberty Mutual vs. Erie: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Liberty Mutual charges $272.29 per month and Erie charges $107.44 per month for customers who own their home.

Own/Rent Liberty Mutual Erie
Own $272.29 $107.44
Rent $319.31 $126.59

What is Liberty Mutual and Erie Insurance Rating?

Which car insurance company is better? We've made it easy to compare companies side by side. See how Liberty Mutual and Erie ranked among the industry ratings.

Comparison Liberty Mutual Erie
Year Founded 1912 1925
Market Share 0.5% 1.29%
A.M. Best A A+
BBB Rating A-
Financial Strength Excellent Excellent
JD Power Ranking About Average
Moody’s Rating A2
NAIC Complaint Ratio 4.55 0.22
S&P Rating A

Liberty Mutual or Erie: Insurance Products Offered

What coverage is available through Liberty Mutual and Erie? Both insurance companies offer Auto, Commercial, Condo, Health, Home, Renters, and RV Insurance. Additional products from Liberty Mutual insurance also includes Life, Motorcycle, Pet, and Umbrella Insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Liberty Mutual and Erie Insurance page.

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

Liberty Mutual or Erie: Ways To Save

Erie offers a wide range of discounts to its policyholders, including Age 55, Driver Training, and Multi-Policy discounts. Liberty Mutual also offers a few discounts that Erie 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 Erie and Liberty Mutual insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Liberty MutualErie
Accident Free DiscountAdvance Quote Discount
Advanced Safety Features DiscountAge 55 Discount
Alternative Energy DiscountDriver Training Discount
Anti-Theft Device DiscountMulti-Policy Discount
Bundle DiscountsMulti-Vehicle Discount
Early Shopper DiscountNew Vehicle Discount
Good Student DiscountPaid in Full Discount
Homeowner DiscountPrior Bodily Injury Limits (BIL) Discount
Military DiscountReduced Usage Discount
Multi-Car DiscountSafe Driver Discount
Multi-Policy DiscountSafety Features Discount
Online Purchase DiscountsStudent Discount
Paperless Policy DiscountTeen Driver Discount
Pay-in-Full DiscountYoung Driver Loyalty Discount
Preferred Payment Discount
Righttrack telematics device discount
Student-Away-at-School Discount
Violation Free Discount

Pros & Cons of Liberty Mutual & Erie

Pros

Liberty Mutual
  • Telematics devices that track driving behaviors can save safe drivers up to30%.
  • Liberty Mutual Deductible Fund, which reduces and eliminates yourdeductible.
  • Accident forgiveness for your first accident.
  • Lifetime auto repair guarantee at one of 2,000 guaranteed repair networkfacilities.
  • Original parts replacement ensures that you will only be sold parts made bythe manufacturer, not a third party.
Erie
  • Erie Insurance is well-known for its competitive price and excellent claimsservice.
  • It has fewer customer complaints than the industry median, relative to itssize.
  • Offers 12-month premium quotes
  • Multiple discounts available
  • It locks in your auto insurance rate, so your premium won’t change unlessyou add or remove drivers or cars.

Cons

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.
Erie
  • It doesn’t accept claims online, only by phone.
  • It offers its products in only 12 states.

Liberty Mutual or Erie Mobile Apps Options

The Liberty Mutual app is available for iOS and Android. This insuranceconcierge is where you can report accidents or update personal information24/7.

The Erie Insurance mobile app is available for iOS and Android.

Liberty Mutual Mobile App
iTunes     4.826.6K user reviews
Google Play     4.23.8K user reviews
Erie Mobile App
iOS     3.318 user reviews
Android     3.819 user reviews

Liberty Mutual & Erie Contact Info

Liberty Mutual Contact Info
Address 175 Berkeley Street, Boston, Massachusetts
Phone 1 (888) 398-8924
Website www.libertymutual.com
Facebook www.facebook.com/libertymutual
Twitter www.twitter.com/libertymutual
Youtube www.youtube.com/libertymutual
Linkedin www.linkedin.com/company/liberty-mutual-insurance
Erie Contact Info
Address 100 Erie Insurance Place, PA 16530
Phone 1-800-458-0811
Website https://www.erieinsurance.com/
Facebook https://www.facebook.com/erieinsurance/
Twitter https://twitter.com/erie_insurance
Youtube https://www.youtube.com/user/ErieInsurance
Linkedin https://www.linkedin.com/company/erie-insurance-group/

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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