Travelers vs. Liberty Mutual Insurance

Which insurance carrier is right for you? Compare coverage, insights, and quotes from Travelers and Liberty Mutual.

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Travelers vs. Liberty Mutual: What You Need to Know

For more than 160 years Travelers Insurance has been protecting homes, cars, valuables, and businesses. Today they have the reputation of being one of the best property and casualty companies in the industry and are the only one in the Dow Jones Industrial Average. The company has 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom, Ireland, and Brazil. In 1864, a stonecutter, James G. Batterson, and several other townsman in Hartford Connecticut began organizing a company to introduce accident insurance to the U.S. James E. Bolter, a local banker, asked Batterson how much he’d charge to insure his four-block home. Batterson said it would cost “two cents.” Today, the two-cent “premium” is Traveler’s treasured souvenir. The following year, Travelers began selling life insurance and in 1897 they issued their first automobile insurance policy. In 1889, they offered liability insurance to employers (workers compensation). By 1901 Travelers Insurance offered health and liability insurance. In 1903, they opened an insurance school and the following year organized a corps of safety engineers. In 1919, Travelers offered aircraft liability insurance with a full aviation program. During World War II, Travelers underwrote the Manhattan Project, the building of the first atomic bomb. In 1956, they established a weather research center and two years later offered life insurance to women at lower rates than men.

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. MEIA provided workers’ compensation insurance to companies, and the first auto policy was sold in 1918. In 1920, the company used a then-new medium of film to teach people about workplace safety. The first Liberty Mutual home office opened its doors in Boston in 1937. In 1946, they created an emergency stop switch for escalators. In 1957 Liberty Mutual and Cornell University partnered to create a “safety car” by crash testing with dummies, something that had never been done before. In 1964, Liberty Mutual began selling life insurance though the Liberty Life Assurance Branch. The first battery-powered prosthetic elbow was created by the company in 1967. As Liberty Mutual grew, it expanded beyond North America by opening its first operation in the UK. In the 1990s, they continued to grow through the acquisition of large commercial and risk carriers. In 2008, Safeco became a part of Liberty Mutual. In 2016 reaffirmed its commitment to innovation by creating Solar Labs.

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

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

Below is a list of the average rates that drivers typically pay with Travelers and Liberty Mutual. On average, Travelers charges approximately $180.20 per month while Liberty Mutual comes in at around $313.25 per month. For Travelers, the cheapest state average is Maine at $87.67 per month and the most expensive is Michigan at $268.53 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.

Travelers

Average Rate

$180.20
Liberty Mutual

Average Rate

$313.25
National

Average Rate

$119.16
State Travelers Liberty Mutual
Alabama $115.41 -
Arizona $144.71 -
Arkansas- $360.40
Connecticut $183.96 $401.80
Delaware $162.34 $864.88
Idaho $175.53 -
Illinois $115.69 -
Indiana $155.25 -
Iowa $140.84 $286.56
Kansas $158.39 -
Kentucky $186.30 -
Maine $87.67 -
Maryland- $368.58
Massachusetts- $246.79
Michigan $268.53 -
Mississippi $195.95 $481.31
Nebraska- $296.41
Nevada $206.45 $276.14
New Hampshire- $226.70
New York $235.88 $420.74
North Carolina $100.32 $90.18
Ohio- $235.48
Oregon $132.43 -
Pennsylvania $207.28 $326.84
Rhode Island $218.79 $373.83
South Carolina $118.58 -
Tennessee $132.74 $243.32
Washington $146.22 $194.31
Wisconsin- $268.70

Travelers 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 Travelers and Liberty Mutual typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Travelers Liberty Mutual
1 Vehicle $171.44 $298.49
2 Vehicles $210.28 $370.42
3 Vehicles $309.29 $

Travelers 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 Travelers charges $161.50 per month and Liberty Mutual charges $281.77 per month for customers who own their home.

Own/Rent Travelers Liberty Mutual
Own $161.50 $281.77
Rent $189.55 $326.96

What is Travelers and Liberty Mutual Insurance Rating?

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

ComparisonTravelersLiberty Mutual
Year Founded18641912
Market Share1.8%5%
A.M. Best Ratinga
BBB RatingA+A-
Financial StrengthExcellentExcellent
JD Power RankingAbout AverageAbout Average
Moody’s RatingAa2A2
NAIC Complaint Index0
NAIC Complaint Ratio4.55
S&P RatingAAA

Travelers or Liberty Mutual: Insurance Products Offered

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

InsuranceTravelersLiberty Mutual
Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Pet Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Travelers or Liberty Mutual: Ways To Save

Travelers offers a wide range of discounts to its policyholders, including Continuous Insurance, Driver Training, and Early Quote discounts. However, Liberty Mutual also offers a few discounts that Travelers 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 Travelers insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

TravelersLiberty Mutual
Affinity Program DiscountsAccident Free Discount
Continuous Insurance DiscountAdvanced Safety Features Discount
Driver Training DiscountAlternative Energy Discount
Early Quote DiscountAnti-Theft Device Discount
EFT, Paid in Full and Good Payer DiscountBundle Discounts
Good Student DiscountEarly Shopper Discount
Home Ownership DiscountGood Student Discount
Hybrid/Electric Vehicle DiscountHomeowner Discount
IntelliDrive Program Safe Driving DiscountMilitary Discount
Multi-policy DiscountMulti-Car Discount
MultiCar DiscountMulti-Policy Discount
New Car DiscountOnline Purchase Discounts
Safe Driver DiscountPaperless Policy Discount
Student Away at School DiscountPay-in-Full Discount
Preferred Payment Discount
Righttrack telematics device discount
Student-Away-at-School Discount
Violation Free Discount

Pros & Cons of Travelers & Liberty Mutual

Pros

Travelers
  • Unlike other carriers who only offer it for the first two or three years, Travelers’ new car replacement covers the first five years.
  • Travelers offers accident forgiveness.
  • Offers ridesharing insurance.
  • Discounts on hybrids and electric vehicles.
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

Travelers
  • Prices tend to be high.
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.

Travelers or Liberty Mutual Mobile Apps Options

The Travelers Mobile app is available for iOS and Android. This award-winning mobile app can help manage insurance and banking accounts, request roadside service, file and track claims and pay bills.

The Liberty Mutual app is available for iOS and Android. This insurance concierge is where you can report accidents or update personal information 24/7.

Travelers Mobile App
iOS     2.715K user reviews
Android     3.316K user reviews
Liberty Mutual Mobile App
iTunes     4.826.6K user reviews
Google Play     4.23.8K user reviews

Travelers & Liberty Mutual Contact Info

Travelers Contact Info
Address485 Lexington Ave New York, NY 10017
Phone1-800-328-2189
Websitehttps://www.travelers.com
Facebookhttps://www.facebook.com/travelers
Twitterhttps://twitter.com/travelersinsurance
Youtubehttps://www.youtube.com/user/travelersinsurance
Linkedinhttps://www.linkedin.com/company/travelers
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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