With 5% of the market share, Liberty Mutual has been serving its customers since 1912.
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.
Liberty Mutual’s advertising campaign, “Only Pay for What You Need,” has been ongoing and even injected with a little humor most recently. In all Liberty Mutual commercials, the Statue of Liberty is in the background.
Today, Liberty Mutual Group offers insurance for the following: personal auto, homeowners, workers’ compensation, commercial multiple perils, commercial auto, general liability, global specialty, group disability, fire, and surety.
|Market Share Percentage||5%|
|JD Power Ranking||About Average|
|NAIC Complaint Ratio||4.55|
|iTunes||4.8||26.6K user reviews|
|Google Play||4.2||3.8K user reviews|
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.
Liberty Mutual has been in business since 1912.
Liberty Mutual is the fourth largest personal lines insurer in the U.S.
If your car is totaled and is under one year old and has fewer than 15,000 miles, new car replacement insurance will pay for a brand new car, not just the depreciated value of your old car.
You must contact your insurance agent right after an accident, whether or not it was your fault. There are different processes for different types of claims. Speak with your insurance agent for details.
Liberty Mutual has been around for over 100 years and has some excellent ratings.
If you have a clean policy for five or more years you may qualify. If you have an accident, you’ll be fully forgiven without seeing a price increase as a result of that accident.
Liberty Mutual service call centers have been recognized for customer satisfaction excellence under the J.D. Power and Associates Call Center Certification Program.SM
If your car is totaled and is under one year old and has fewer than 15,000 miles, new car replacement coverage replaces your car with a brand new car, not just the depreciated value of your old car.
You must call to cancel a policy: 1-800-658-9857.
Liberty Mutual owns Safeco.
Liberty Mutual does not offer rideshare insurance.
A standard homeowners insurance policy with Liberty Mutual covers dwelling, personal possessions, liability and additional living expenses up to limits. You can always buy add-on protection like riders and endorsement for coverage of valuables, water backup and sump pump overflow and inflation protection.
|Car Insurance||Home Insurance|
|Renters Insurance||Condo Insurance|
|Landlord Insurance||Antique and Classic Car Insurance|
|Boat & Watercraft Insurance||RV Insurance|
|Mobile Home Insurance||Umbrella Insurance|
|Accident Insurance||Critical Illness Insurance|
|Identity Theft Insurance||Pet Insurance|
|Tuition Insurance||Business Owner's Policy & Packages|
|Commercial Auto||Equipment Breakdown|
|Excess Liability Insurance||General Liability Insurance|
|Group Programs||Inland Marine|
|Mergers and Acquisitions||Commercial Property|
|Surety Bonds||Workers Compensation|
This coverage protects bodily injuries to the other driver in an accident that was your fault.
This coverage protects against property damage and loss of use for the third party.
This protection covers damages and loss other than that caused by a collision. It is subject to a deductible.
This protection covers damages and loss caused by impact with another automobile, object or person. It is subject to a deductible.
This protection covers you if you’ve been injured in an accident, regardless of who’s at fault. Coverages include income continuation, loss of services, funeral expenses and child-care expenses.
This coverage takes care of renting a vehicle while yours is being repaired for more than 24 hours.
This protection pays for medical expenses if you’re injured in a vehicular accident caused by someone who doesn’t carry liability insurance.
This coverage sends assistance if you have a roadside breakdown.
Gap insurance takes care of your expenses if your loss is greater than what’s covered by your policy. For instance, if you still owe $33,000 on a car but it’s valued at 30,000, you will still have to pay off $3,000 if it’s a total loss. Gap insurance would cover that remaining balance.
Liberty Mutual will cover you if you have comprehensive or glass coverage and send a technician to fix your windshield at your home or workplace.
Drivers with a clean policy for five or more years qualify and may be fully forgiven for their first accident without seeing a price increase as a result of the accident.
After an accident, you’re guaranteed 100% repairs at one of 2,000 guaranteed repair network facilities.
If your car is totaled and is under one year old and has fewer than 15,000 miles, this coverage provides you with the money for a brand new car, not just the depreciated value of your old car.
If your vehicle is deemed a total loss, Liberty Mutual will give you the money for a replacement car that is one model newer with 15,000 fewer miles than your current car.
Do you know what replacement parts will be used to repair your vehicle after it’s been in an accident? Liberty Mutual guarantees original parts made by the car manufacturer, not a third party.
This protection will reduce and eliminate your deductible.
|Righttrack telematics device discount||Bundle Discounts|
|Online Purchase Discounts||Homeowner Discount|
|Military Discount||Early Shopper Discount|
|Good Student Discount||Student-Away-at-School Discount|
|Advanced Safety Features Discount||Alternative Energy Discount|
|Anti-Theft Device Discount||Accident Free Discount|
|Violation Free Discount||Multi-Policy Discount|
|Multi-Car Discount||Preferred Payment Discount|
|Pay-in-Full Discount||Paperless Policy Discount|
Below is a list of the average rates that drivers typically pay with Liberty Mutual. On average, Liberty Mutual charges approximately $291.28 per month. The cheapest state average is West Virginia at $96.98 per month followed by Maine at $110.29 per month. The most expensive state average is Delaware at $839.03 per month.
|State||Avg monthly rate|
|State||Avg monthly rate|
Drivers typically will get a discount if they insure multiple vehicles. Here is a list of average rates that Liberty Mutual charges for drivers who have more than 1 vehicle.
|Number of Vehicles||Avg Monthly Rate|
Customers who own their home rather than rent can sometimes get a small discount. We found that on average Liberty Mutual charges $263.53 per month for drivers who own their home and $303.96 per month for those who rent.
|Own/Rent||Avg Monthly Rate|
|Address||175 Berkeley Street, Boston, Massachusetts|
|Phone||1 (888) 398-8924|
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.
How Does Liberty Mutual Compare to Other Car Insurance Companies?
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