Liberty Mutual vs. Erie Insurance

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?

Liberty Mutual vs. Erie: Rates by Number of Vehicle

Liberty Mutual vs. Erie: Rates by Homeownership

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.

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.

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 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 & Erie Contact Info

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.