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In this article, the Guides Auto team compares Liberty Mutual and State Farm based on each company’s auto insurance coverage, discounts, and overall customer experience. Both are major insurers that made our list in our review. best car insurance enterprise.
If you’re looking for coverage that fits your budget and needs, Compare car insurance quotes from several providers.
Liberty Mutual vs State Farm review
To accurately evaluate Liberty Mutual Insurance and State Farm, we looked at customer reviews, cost data, industry reports, and each provider’s availability. Once we had all the information, we aggregated it to provide an overall score and a categorical score.
Is Liberty Mutual better than State Farm?
Compare Liberty Mutual and State Farm’s ratings on the five metrics in the table below.
Here are some highlights of Liberty Mutual.:
- Strong industry reputation
- Many useful add-on coverage options
- wide range of discounts
- affordable coverage young driver
read more: Review of Liberty Mutual Insurance
Here are some of the state farm highlights.:
- 19,000 local insurance agents nationwide
- Excellent Financial Strength Rating by AM Best
- Many discounts for young drivers and teen driver
- low rates for Auto and home insurance
read more: State Farm Insurance Review
Liberty Mutual vs. State Farm Car Insurance
State Farm will hold 15.93% market share in 2021, making it the nation’s largest auto insurer.by National Association of Insurance Commissioners (NAIC), Liberty Mutual is the sixth largest provider, holding 4.88% of the market share. In addition to 6 standards Types of car insuranceboth insurers offer alternative coverage such as classic car insurance When boat insurance.
Compare Liberty Mutual and State Farm
The table below provides key details about State Farm and Liberty Mutual. This includes when it was founded and its performance in industry assessments.
Liberty Mutual vs State Farm: Coverage
Liberty Mutual and State Farm are major national insurers that offer a full range of coverage to nearly any customer looking for auto insurance. State Farm offers usage-based insurance programs in more states than Liberty Mutual and also offers travel disruption coverage, which Liberty Mutual does not.
Liberty Mutual offers some add-on options not found in State Farm.
- Lifetime repair warranty
- Deductible amount
- New car replacement insurance
- better auto reinsurance
- genuine parts replacement
- forgiveness for accidents
Source: Automo Blog
Comparing Liberty Mutual and State Farm Coverage
The table below lists the auto insurance coverage available for Liberty Mutual and State Farm. Each provider offers six standard types of coverage and some optional add-ons.
*Liberty Mutual offers rideshare insurance through Uber and Lyft in select states.
Comparing Liberty Mutual and State Farm Usage-Based Insurance
State Farm and Liberty Mutual have usage-based auto insurance programs. Telematics insuranceThese programs typically use mobile apps or plug-in devices to track your driving habits and encourage safe driving. After a period of time, the provider uses the collected data to calculate discounts on car insurance premiums.
The table below details each company’s telematics program.
RightTrack also Drive Safe & Save If your driving doesn’t improve, your car insurance premiums will increase. Drive Safe & Save is available in six more states than RightTrack.
Liberty Mutual vs. State Farm: Discounts
State Farm and Liberty Mutual are known for their large selection of discounted products. The table below car insurance discount provided by each company.
Other Liberty Mutual discounts include:
- Preferred payment: Applicable to those who have auto payment or car insurance paid in 1 or 2 installments
- online purchase: Available to those who purchase auto insurance after getting a free quote online
Liberty Mutual vs. State Farm: Bundle Options
Liberty Mutual and State Farm offer discounts to policyholders who purchase multiple insurance products. This means that if you have auto insurance and combine it with homeowners, renters, or condo insurance from the same provider, you can reduce your overall costs.
Liberty Mutual vs. State Farm: Customer Experience
in the JD Power 2022 U.S. Insurance Shopping SurveySM, State Farm ranked highest among major insurers for overall customer satisfaction. The company gave him 885 out of 1,000 points in the survey. Liberty Mutual was third with 860 points.
State Farm vs. Liberty Mutual: Customer Reviews
The table below shows the average customer review rating for each company from BBB and Trustpilot. While these scores are low, it’s worth noting that a small percentage of each provider’s customer base left reviews.
We also included App Store and Google Play customer reviews of each insurer’s mobile app.
Our review team reached out to Liberty Mutual and State Farm for comment on these scores, but did not receive a response.
Liberty Mutual vs. State Farm: Conclusion
We believe that both State Farm and Liberty Mutual are excellent choices for auto insurance coverage. Both companies are rated highly by AM Best, demonstrating their financial stability and solvency. insurance claimLiberty Mutual offers more discounts, but State Farm ranks high in industry reports measuring customer satisfaction.
State Farm vs. Liberty Mutual: Top Picks
Now that we’ve compared Liberty Mutual and State Farm, here are some other auto insurance companies we recommend. Compare car insurance quotes from many providers to find the best rates.
Erie Insurance: Affordable for Basic Coverage
A thorough study of the best companies in the insurance industry found that Erie insurance averaged 28% less than the national average. But Erie is a regional provider. cheapest car insurance The companies in our review, whose coverage is only available in 12 states, washington dc
read more: erie insurance review
Travelers: most coverage options
In the August 2022 auto insurance survey, only about 1.5% of consumers said they had traveler’s insurance, but the company tied the survey averages in customer satisfaction. A policyholder rated the company an average of 4.2 out of 5.0 stars for him. Travelers offers a number of insurance options, including Gap Insurance, New Vehicle Replacement Cover, and two levels of Roadside Assistance.
read more: Review of traveler insurance
our methodology
Consumers trust us to provide objective and accurate information, which is why we have created a comprehensive rating system to create a ranking of the best auto insurance companies. We collected data from dozens of auto insurance companies and rated the companies on various ranking factors. The final result is an overall rating for each provider, with the insurer with the most points at the top of the list.
The factors that our rating takes into account are:
- cost: Both auto insurance rate estimates and discount opportunities generated by Quadrant Information Services were considered.
- coverage: Companies that offer a variety of options for insurance coverage are more likely to meet consumer needs.
- reputation and experience: Our research team considered market share, ratings from industry experts, and years in business in giving this score.
- availability: Auto insurance companies with more availability in the state and few eligibility requirements scored the highest in this category.
- customer experience: This score is based on the volume of complaints reported by the NAIC and customer satisfaction ratings reported by JD Power. We also looked at the responsiveness, friendliness, and helpfulness of each insurer’s customer service team, based on our own shopper analysis.
Our Qualifications:
- 800 hours studied
- 45 companies examination
- 8,500+ consumers investigated
**Data accurate at time of publication.
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