Progressive and Liberty Mutual are major players in a crowded field of car insurance providers. Both companies provide quality policies, but they have different costs and customer-service ratings. Continue reading for our comparison of these well-known insurers.
For more information on the individual companies, check out our Progressive Car Insurance Review and Liberty Mutual Car Insurance Review.
Progressive and Liberty Mutual offer policyholders such major insurance coverage options as:
Our article on common types of auto insurance gives you more information on what to look for when buying coverage.
Additional features and products from Progressive and Liberty Mutual may be available as add-ons to basic coverage.
Progressive and Liberty Mutual offer home insurance, offering policyholders discounts by bundling coverage types. The companies also provide coverage for other vehicles, including motorcycles and boats.
One unique feature of Liberty Mutual is the length of its car insurance policies. Unlike most leading carriers, Liberty Mutual offers policies in 12-month terms. Liberty’s longer-length policy option may help you avoid rate increases that often come at the end of typical 6-month policies.
Liberty Mutual’s rates often are higher than premiums from other insurers, including Progressive. According to The Zebra, the average monthly premium from Liberty Mutual is $144. Premiums with Progressive fall in the less-expensive end of the insurance cost spectrum. The average monthly cost from Progressive is $104.
A popular feature is Progressive’s “name your price” tool. Shoppers can indicate how much they want to pay, and the company provides available options for coverage within that price range.
While most drivers keep the cost as a top consideration when looking for insurance, it should not be the only factor. This table compares average annual premiums between Progressive and Liberty Mutual by age tier.
| Age Group | Progressive | Liberty Mutual |
| Teens | $8,248 | $6,559 |
| 20s | $2,287 | $2,686 |
| 30s | $2,287 | $1,942 |
| 40s | $1,644 | $1,926 |
| 50s | $1,542 | $1,793 |
| 60s | $1,403 | $1,746 |
Source: The Zebra
Your driving record is just one thing insurance companies consider when giving you a rate quote. Your gender, age, marital status, creditworthiness, geographic location, and the car your drive are among the factors that influence the overall insurance cost.
Liberty Mutual and Progressive policyholders can potentially reduce their premiums with discounts such as:
Other discounts are available. But some may not be offered by each. For example, Liberty Mutual provides a discount to members of the military and for alternative-fuel vehicles.
When you shop for car insurance, be sure to consider more than just who offers the lowest price. Your insurance company should provide good customer service, quickly respond when you need help, and pay submitted claims. Many people believe having good customer service overshadows slightly higher rates.
A J.D. Power 2021 U.S. Auto Insurance Study provides key insights into customer satisfaction. The survey considers crucial criteria:
Survey results indicate customers’ opinions and experiences with Liberty Mutual are rated “above average.” The rating for Progressive is “below average.”
An insurance company’s ability to meet its financial obligations becomes critical if you get into a fender bender, your car is stolen, or your vehicle is destroyed in a flood. Insurers need to pay any covered claim you make.
Progressive has a “superior” financial strength rating from A.M. Best, while Liberty Mutual’s rating is “good.” These ratings indicate that the insurers can pay their claims obligations.
Car insurance needs are unique to every driver. Request a quote from Progressive, Liberty Mutual, and other insurance companies. Shopping around will always get you the best price, but remember that cost is just one factor you must consider.
Progressive offers less-expensive premiums in many cases. Still, Liberty Mutual offers many discounts that can lower the cost of policies, and it has higher customer satisfaction ratings.
Most importantly, understand what the company is covering, no matter which policy you choose. You must also know your obligations before signing a new car insurance policy or renewing your existing coverage.
