Which insurance carrier is right for you? Compare price, discounts, and quotes from Liberty Mutual and Hanover.
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.
Below is a list of the average rates that drivers typically pay with Liberty Mutual and Hanover. On average, Liberty Mutual charges approximately $304.26 per month while Hanover comes in at around $435.34 per month. For Liberty Mutual, the cheapest state average is California at $0.00 per month and the most expensive is Oklahoma at $561.41 per month. For Hanover, the cheapest state average is Massachusetts at $262.47 per month and the most expensive is New Jersey at $657.41 per month.
Average Rate
Average Rate
Average Rate
State | Liberty Mutual | Hanover |
---|---|---|
Alabama | $275.24 | - |
Arkansas | - | $537.72 |
California | $0.00 | - |
Connecticut | $107.96 | $583.61 |
Florida | $142.16 | - |
Illinois | $324.52 | $391.70 |
Indiana | $225.24 | - |
Kentucky | $442.58 | - |
Maine | $122.27 | - |
Massachusetts | - | $262.47 |
Michigan | - | $509.93 |
Minnesota | $248.37 | - |
Nevada | $498.07 | - |
New Hampshire | $155.04 | - |
New Jersey | - | $657.41 |
New Mexico | $311.43 | - |
New York | $380.72 | $351.38 |
North Carolina | $262.54 | - |
Oklahoma | $561.41 | - |
Oregon | $183.16 | - |
Pennsylvania | $268.13 | - |
Tennessee | $150.42 | - |
Texas | $313.78 | - |
Virginia | $347.94 | - |
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 | $279.84 | $431.89 |
3 Vehicles | $335.39 | $ |
2 Vehicles | $402.19 | $756.87 |
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Liberty Mutual charges $277.12 per month and Hanover charges $326.84 per month for customers who own their home.
Own/Rent | Liberty Mutual | Hanover |
---|---|---|
Own | $277.12 | $326.84 |
Rent | $309.38 | $442.56 |
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.
Comparison | Liberty Mutual | Hanover |
---|---|---|
Year Founded | 1912 | 1852 |
A.M. Best Rating | a | A |
BBB Rating | A- | A+ |
Financial Strength | Excellent | Excellent |
JD Power Ranking | About Average | Above Average |
Market Share Percentage | 5% | |
Moody’s Rating | A2 | |
NAIC Complaint Index | 1.28 | |
NAIC Complaint Ratio | 4.55 | |
S&P Rating | A | A |
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.
Insurance | Liberty Mutual | Hanover |
---|---|---|
Auto Insurance | ✔ | ✔ |
Commercial Insurance | ✔ | ✔ |
Condo Insurance | ✔ | |
Health Insurance | ✔ | |
Home Insurance | ✔ | ✔ |
Pet Insurance | ✔ | |
Renters Insurance | ✔ | |
RV Insurance | ✔ | ✔ |
Umbrella Insurance | ✔ | ✔ |
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 Mutual | Hanover |
---|---|
Accident Free Discount | Accident Prevention Course Discount |
Advanced Safety Features Discount | Affinity Groups |
Alternative Energy Discount | Anti-theft Device Discount |
Anti-Theft Device Discount | Good Student Discount |
Bundle Discounts | Hanover Platinum Experience |
Early Shopper Discount | Multi-Car Discount |
Good Student Discount | No-Fee Electric Funds Transfers |
Homeowner Discount | One Bill |
Military Discount | Pay-in-Full Discount |
Multi-Car Discount | Student 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 |
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 | 4.8 | 26.6K user reviews |
Google Play | 4.2 | 3.8K user reviews |
Hanover Mobile App | ||
---|---|---|
iOS | 3.5 | 17 user reviews |
Android | 2.6 | 21 user reviews |
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 |
Hanover Contact Info | |
---|---|
Address | 440 Lincoln Street, Worcester, MA 01653 |
Phone | 1-508-855-1000 |
Website | https://www.hanover.com/ |
https://www.facebook.com/hanoverinsurance/ | |
https://twitter.com/The_Hanover | |
Youtube | https://www.youtube.com/channel/UCe9zQijKTBxGff55FKAvytg |
https://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.
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