Liberty Mutual vs. Hanover Insurance

Which insurance carrier is right for you? Compare price, discounts, and quotes from Liberty Mutual and Hanover.

Compare Car Insurance Rates in Your Area

Liberty Mutual vs. Hanover: What You Need to Know

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 $100 billion. Today the group employs over 50,000 people in over 900 locations around the globe, including 45 U.S. states. Liberty Mutual formed on July 1, 1912, as Massachusetts Employees Insurance Association (MEIA) and emerged after state law began to require that employers carry protection for their employees. 

In 1852, The Hanover Fire Insurance Company opened in Manhattan at Hanover Square. Author Washington Irving was one first investor. In 1864, while the U.S expanded West, The Hanover formed a general agency to service settlers. In 1866, 1800 buildings burned down in Portland, Maine. The Hanover paid all claims and helped rebuild the city. In 1871, the Great Chicago Fire destroyed more than three square miles of the city. There was $3 billion worth of losses, but the Hanover met all claim obligations. In 1872, a fire in Boston, Massachusetts burned down nearly half the city, but the Hanover paid all claims.

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 Hanover Overview.

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

Below is a list of the average rates that drivers typically pay with Liberty Mutual and Hanover. On average, Liberty Mutual charges approximately $313.25 per month while Hanover comes in at around $469.49 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. For Hanover, the cheapest state average is Massachusetts at $193.95 per month and the most expensive is Michigan at $661.94 per month.

Liberty Mutual

Average Rate

$313.25
Hanover

Average Rate

$469.49
National

Average Rate

$119.16
State Liberty Mutual Hanover
Arkansas $360.40 $412.49
Connecticut $401.80 $472.46
Delaware $864.88 -
Illinois- $493.30
Indiana- $505.50
Iowa $286.56 -
Maine- $239.52
Maryland $368.58 -
Massachusetts $246.79 $193.95
Michigan- $661.94
Mississippi $481.31 -
Nebraska $296.41 -
Nevada $276.14 -
New Hampshire $226.70 $399.13
New Jersey- $636.86
New York $420.74 $323.15
North Carolina $90.18 -
Ohio $235.48 -
Pennsylvania $326.84 -
Rhode Island $373.83 -
Tennessee $243.32 -
Washington $194.31 -
Wisconsin $268.70 -

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

Number of Vehicles Liberty Mutual Hanover
1 Vehicle $298.49 $428.30
2 Vehicles $370.42 $643.79
3 Vehicles $ $1,164.84

Liberty Mutual vs. Hanover: 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 $281.77 per month and Hanover charges $480.99 per month for customers who own their home.

Own/Rent Liberty Mutual Hanover
Own $281.77 $480.99
Rent $326.96 $464.43

What is Liberty Mutual and Hanover Insurance Rating?

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

ComparisonLiberty MutualHanover
Year Founded19121852
A.M. Best RatingaA
BBB RatingA-A+
Financial StrengthExcellentExcellent
JD Power RankingAbout AverageAbove Average
Market Share Percentage5%
Moody’s RatingA2
NAIC Complaint Index1.28
NAIC Complaint Ratio4.55
S&P RatingAA

Liberty Mutual or Hanover: Insurance Products Offered

What coverage is available through Liberty Mutual and Hanover? 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 Liberty Mutual and Hanover Insurance page.

InsuranceLiberty MutualHanover
Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Pet Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Liberty Mutual or Hanover: Ways To Save

Hanover offers a wide range of discounts to its policyholders, including Affinity Groups, Anti-theft Device, and Good Student discounts. In contrast, Liberty Mutual also offers a few discounts that Hanover 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 Hanover and Liberty Mutual insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Liberty MutualHanover
Accident Free DiscountAccident Prevention Course Discount
Advanced Safety Features DiscountAffinity Groups
Alternative Energy DiscountAnti-theft Device Discount
Anti-Theft Device DiscountGood Student Discount
Bundle DiscountsHanover Platinum Experience
Early Shopper DiscountMulti-Car Discount
Good Student DiscountNo-Fee Electric Funds Transfers
Homeowner DiscountOne Bill
Military DiscountPay-in-Full Discount
Multi-Car DiscountStudent Away at School 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

Pros & Cons of Liberty Mutual & Hanover

Pros

Liberty Mutual
  • Telematics devices that track driving behaviors can save safe drivers up to30%.
  • 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.
Hanover
  • The Hanover Insurance Group platinum coverages come in a great bundle.
  • Useful mobile app

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.
Hanover
  • The Hanover Insurance Group does not offer rideshare insurance or accident forgiveness options.
  • Very few discounts
  • Hanover Insurance is more expensive than most options and a lower customer service rating.
  • Hanover only writes auto insurance in 18 states.

Liberty Mutual or Hanover Mobile Apps Options

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

The Hanover Mobile app is available for iOS and Android. With this app, you’ll be able to see vital policy information and billing information. You can also file a home or auto claim without making a phone call.

Liberty Mutual Mobile App
iTunes     4.826.6K user reviews
Google Play     4.23.8K user reviews
Hanover Mobile App
iOS     3.517 user reviews
Android     2.621 user reviews

Liberty Mutual & Hanover Contact Info

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
Hanover Contact Info
Address440 Lincoln Street, Worcester, MA 01653
Phone1-508-855-1000
Websitehttps://www.hanover.com/
Facebookhttps://www.facebook.com/hanoverinsurance/
Twitterhttps://twitter.com/The_Hanover
Youtubehttps://www.youtube.com/channel/UCe9zQijKTBxGff55FKAvytg
Linkedinhttps://www.linkedin.com/company/the-hanover-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.

Compare Insurance Rates for Free.

Enter your zip code, answer a few questions, and compare rates in less than 3 minutes.