Liberty Mutual vs. State Farm: Which Offers More Affordable Auto Insurance Quotes (2024)
Today we will be comparing Liberty Mutual vs. State Farm. State Farm offers more competitive pricing, but Liberty Mutual offers more discounts. State Farm has better BBB ratings, whereas Liberty Mutual was more highly rated by A.M. Best.
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about insurance when he got his first policy for his own family. He has been featured as an insurance expert speaker at agent conventions and in top publications. As an independent licensed insurance agent, he has helped clients nationwide to secure affordable coverage while making the process simpl...
Licensed Insurance Agent
UPDATED: Apr 3, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 3, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- State Farm offers far more competitive pricing than Liberty Mutual
- Liberty Mutual offers a wide array of discounts
- Both companies are well-reviewed by BBB and A.M. Best
Today we will be comparing Liberty Mutual vs. State Farm. State Farm offers more competitive pricing than Liberty Mutual. However, of the discounts we have information on, Liberty Mutual offers more. In terms of company ratings, State Farm was more highly rated by the BBB, whereas Liberty Mutual was more highly rated by A.M. Best.
With all the dangers on the road, having car insurance is important. If you are with us here, you’re probably looking for your next, or perhaps first, auto insurer. With so many options in the insurance industry, choosing the right car insurance company can be daunting because of the complicated process. To simplify this, we’re only going to be comparing two companies: Liberty Mutual vs. State Farm.
What are Liberty Mutual’s and State Farm’s rates?
When you’re comparing insurers, looking for low down payment car insurance, and trying to go about understanding auto insurance, there are numerous factors to consider. First off is something that is probably quite important to you: price.
Let’s take a look at a table that will compare not just Liberty Mutual and State Farm rates, but also the rates for all of the biggest insurance companies in the US.
Average Annual Auto Insurance Rates by Company| Company | Average Annual Auto Insurance Rates |
|---|---|
| Allstate | $4,533 |
| American Family | $3,699 |
| Farmers | $3,910 |
| Geico | $3,074 |
| Liberty Mutual | $5,296 |
| Nationwide | $3,187 |
| Progressive | $3,935 |
| State Farm | $2,731 |
| Travelers | $3,729 |
| USAA | $2,489 |
As you can see, out of the 10 shown insurers, Liberty Mutual is actually the most expensive. In fact, it is almost twice as much as the average for State Farm.
Speaking of State Farm, out of the ten insurers, it is only more expensive than USAA. So it’s safe to say that in terms of pricing State Farm wins. Let’s move on to what discounts are offered by these two companies.
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What discounts are offered through State Farm vs. Liberty Mutual?
We cannot stress this enough, ask about discounts. These big insurers offer a ton of discounts that cover everything from safety features to just being part of a certain industry (i.e., medical). Let’s take a look at a table that shows some major discounts.
Discounts Provided by Major Auto Insurance Companies| Discount Name | Allstate | American Family | Farmers | Geico | Liberty Mutual | Nationwide | Progressive | State Farm | Travelers | USAA |
|---|---|---|---|---|---|---|---|---|---|---|
| Adaptive Cruise Control | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| Adaptive Headlights | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| Anti-lock Brakes | 10% | ✓ | ✓ | 5% | 5% | 5% | ✓ | 5% | ||
| Anti-Theft | 10% | ✓ | 23% | 20% | 25% | ✓ | 15% | |||
| Claim Free | 35% | ✓ | ✓ | 26% | ✓ | 10% | ✓ | 15% | 23% | 12% |
| Continuous Coverage | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 15% | ✓ | ||
| Daytime Running Lights | 2% | ✓ | 3% | 5% | 5% | ✓ | ✓ | |||
| Defensive Driver | 10% | 10% | ✓ | ✓ | 10% | 5% | 10% | 5% | 10% | 3% |
| Distant Student | 35% | ✓ | ✓ | ✓ | ✓ | 10% | ✓ | 7% | ||
| Driver's Ed | 10% | ✓ | ✓ | ✓ | 10% | ✓ | 10% | 15% | 8% | 3% |
| Driving Device/App | 20% | 40% | ✓ | ✓ | 30% | 40% | 20% | 50% | 30% | 5% |
| Early Signing | 10% | ✓ | ✓ | ✓ | ✓ | 8% | ✓ | ✓ | 10% | 12% |
| Electronic Stability Control | 2% | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | |
| Emergency Deployment | ✓ | ✓ | ✓ | 25% | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Engaged Couple | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Family Legacy | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 10% |
| Family Plan | ✓ | ✓ | ✓ | ✓ | ✓ | 25% | ✓ | ✓ | ✓ | ✓ |
| Farm Vehicle | 10% | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Fast 5 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Federal Employee | ✓ | ✓ | 12% | 10% | ✓ | ✓ | ✓ | ✓ | ||
| Forward Collision Warning | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | |
| Full Payment | 10% | ✓ | ✓ | $50 | ✓ | ✓ | ✓ | 8% | ✓ | |
| Further Education | ✓ | ✓ | 10% | 15% | ✓ | ✓ | ||||
| Garaging/Storing | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 90% | ||
| Good Credit | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||||
| Good Student | 20% | ✓ | 15% | 23% | 10% | ✓ | 25% | 8% | 3% | |
| Green Vehicle | 10% | ✓ | 5% | ✓ | 10% | ✓ | ✓ | ✓ | 10% | ✓ |
| Homeowner | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | 3% | 5% | ✓ | |
| Lane Departure Warning | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Life Insurance | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Low Mileage | ✓ | ✓ | ✓ | 30% | ||||||
| Loyalty | ✓ | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | |
| Married | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||||
| Membership/Group | ✓ | ✓ | ✓ | 10% | 7% | ✓ | ✓ | |||
| Military | ✓ | ✓ | 15% | 4% | ✓ | ✓ | ||||
| Military Garaging | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 15% |
| Multiple Drivers | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Multiple Policies | 10% | 29% | ✓ | 10% | 20% | 10% | 12% | 17% | 13% | |
| Multiple Vehicles | ✓ | ✓ | 25% | 10% | 20% | 10% | 20% | 8% | ||
| New Address | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| New Customer/New Plan | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| New Graduate | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| New Vehicle | 30% | ✓ | ✓ | 15% | ✓ | 40% | 10% | 12% | ||
| Newly Licensed | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| Newlyweds | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| Non-Smoker/Non-Drinker | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Occasional Operator | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Occupation | ✓ | 10% | 15% | ✓ | ✓ | ✓ | ||||
| On-Time Payments | 5% | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 15% | ✓ | |
| Online Shopper | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 7% | ✓ | ✓ | ✓ |
| Paperless Documents | 10% | ✓ | ✓ | ✓ | 5% | $50 | ✓ | ✓ | ✓ | |
| Paperless/Auto Billing | 5% | ✓ | ✓ | ✓ | $30 | ✓ | $20 | 3% | 3% | |
| Passive Restraint | 30% | 30% | 40% | 20% | ✓ | 40% | ||||
| Recent Retirees | ✓ | ✓ | ✓ | ✓ | 4% | ✓ | ✓ | ✓ | ✓ | ✓ |
| Renter | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Roadside Assistance | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Safe Driver | 45% | ✓ | 15% | ✓ | 35% | 31% | 15% | 23% | 12% | |
| Seat Belt Use | ✓ | ✓ | ✓ | 15% | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Senior Driver | 10% | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Stable Residence | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Students & Alumni | ✓ | ✓ | ✓ | 10% | 7% | ✓ | ✓ | ✓ | ||
| Switching Provider | ✓ | ✓ | 10% | ✓ | ✓ | ✓ | ✓ | |||
| Utility Vehicle | 15% | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Vehicle Recovery | 10% | ✓ | ✓ | 15% | 35% | 25% | ✓ | 5% | ||
| VIN Etching | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | |||
| Volunteer | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Young Driver | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | $75 |
As you can see, of the eight discounts shown, Liberty Mutual insurance offers six. State Farm, however, offers only one. State Farm’s insurance discount is for military garaging. Which discounts does Liberty Mutual offer?
There are discounts for being a federal employee, having a forward collision warning in your vehicle, being a member of a particular group, being in the military, being a recent retiree, and being in specific occupations (inquire when speaking with your agent).
The good news is that a lot of these discounts are as simple as typing in your Liberty Mutual login or State Farm login on their respective apps. Let’s move on to how these two companies are rated.
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What is the insurance coverage offered by Liberty Mutual vs. State Farm?
The next thing you will want to consider when choosing an auto insurance company is their coverage options. Listed below is the insurance coverage provided by these auto insurance providers.
Liberty Mutual Insurance Coverage includes:
- Multiple vehicle auto insurance policy
- Bundled Insurance Policy
- Safe Driver car policy
- Student auto insurance
- Vehicle Safety
- Seniors car insurance
State Farm insurance product coverage options include:
- Homeowners insurance policy
- Student car insurance
- Anti-theft coverage
- Bundled insurance policy
- Vehicle Safety insurance
If you want to know more about any additional coverage available, you can check our online quotes tool, research the insurance provider, or contact an insurance agent from that auto insurance company.
What are the financial strength and customer satisfaction ratings from Liberty Mutual vs. State Farm?
When comparing each insurer, one final thing to look out for as a future policyholder is their auto insurance customers ratings and insurance claims satisfaction ratings from companies like A.M. Best and the Better Business Bureau.
Liberty Mutual is currently accredited by the Better Business Bureau and holds a rating of A+. State Farm did not do so well. It is not BBB accredited and has a rating lower than Liberty Mutual: A.
A.M. Best has a rating scale ranging from A++ all the way down to D. State Farm did well with A.M. Best, scoring a rating of A++. Liberty Mutual, however, only scored the third-highest rating of A.
So, all in all, State Farm is cheaper, Liberty Mutual offers more discounts, and both companies are fairly well-reviewed.
Now that you’ve learned more about Liberty Mutual vs. State Farm, you are ready to buy life insurance. Be sure to type your ZIP code into our free and helpful tool below to find affordable auto insurance quotes in your area.
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Frequently Asked Questions
What factors should I consider when comparing Liberty Mutual and State Farm for affordable auto insurance?
When comparing Liberty Mutual and State Farm for affordable auto insurance, it’s important to consider factors such as your location, driving history, age, type of vehicle, coverage needs, and any applicable discounts or promotions.
Does Liberty Mutual or State Farm generally offer lower premiums?
The cost of auto insurance premiums can vary based on several factors, including your personal circumstances and the coverage options you select. It’s recommended to obtain quotes from both Liberty Mutual and State Farm to compare and determine which insurer offers more affordable rates for your specific situation.
Are there any discounts available with Liberty Mutual or State Farm that can help reduce insurance costs?
Both Liberty Mutual and State Farm offer various discounts that can potentially lower your auto insurance costs. These discounts may include safe driver discounts, multi-policy discounts, good student discounts, vehicle safety feature discounts, and more. It’s advisable to inquire about available discounts when obtaining quotes from either insurer.
Is there a specific age group or driving history that benefits more from Liberty Mutual or State Farm in terms of affordability?
The affordability of auto insurance can vary based on individual factors such as age and driving history. While there is no one-size-fits-all answer, certain insurers may have specific discounts or programs that cater to certain demographics. It’s recommended to request quotes from both Liberty Mutual and State Farm to see which insurer provides a more affordable option based on your unique circumstances.
Are there any notable differences in coverage options between Liberty Mutual and State Farm?
Both Liberty Mutual and State Farm offer a range of coverage options for auto insurance, including liability coverage, comprehensive coverage, collision coverage, and more. However, the specific details and terms of coverage can vary between insurers. It’s essential to review the policies carefully to understand the differences in coverage options and determine which one meets your needs.
Compare over 200 auto insurance companies at once!
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about insurance when he got his first policy for his own family. He has been featured as an insurance expert speaker at agent conventions and in top publications. As an independent licensed insurance agent, he has helped clients nationwide to secure affordable coverage while making the process simpl...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.