GEICO and Liberty Mutual are major companies with longstanding reputations in the car insurance industry. Both companies provide drivers with policies that offer different benefits and at varying costs. Continue reading for our comparison of these popular insurers.
For more information about these companies, check out our GEICO car insurance review and Liberty Mutual car insurance review.
GEICO and Liberty Mutual offer basic car insurance coverage such as:
Our article on common types of auto insurance gives more information about standard coverage.
Additional features and products from GEICO and Liberty Mutual may be available as add-ons to basic coverage. Some types of insurance coverage might not be available in every state.
Insurance companies use formulas with many variables to determine their rates. In addition to driving history, the driver’s age, annual miles traveled, geographic location, gender, marital status, vehicle type, and credit history are among the factors that influence the overall insurance cost.
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GEICO is known for its inexpensive insurance rates. According to The Zebra, the average monthly premium cost with GEICO is less than $100. Liberty Mutual coverage is in the higher range in the car insurance cost spectrum. Its average monthly cost is $144.
This table compares average annual premiums between GEICO and Liberty Mutual by age tier.
| Age Group | GEICO | Liberty Mutual |
| Teens | $3,508 | $6,559 |
| 20s | $1,438 | $2,686 |
| 30s | $1,218 | $1,942 |
| 40s | $1,189 | $1,926 |
| 50s | $1,160 | $1,793 |
| 60s | $1,065 | $1,746 |
Source: The Zebra
GEICO and Liberty Mutual policyholders have the opportunity to reduce their premiums with discounts such as:
Other discounts are available from both companies, such as savings for members of the military. But some discounts may not be offered by each. For example, Liberty Mutual provides a discount for alternative-fuel vehicles; GEICO gives a discount for having a new car with the latest safety tech.
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.
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When buying car insurance, you should consider more than the price. Some drivers believe that you get what you pay for, and higher rates can mean better service. Regardless of the expense, your insurance company should provide good customer service, quickly respond when you need help, and pay submitted claims.
The J.D. Power 2021 U.S. Auto Insurance Study provides key insights from the responses of nearly 39,000 car insurance customers. The survey measures vital criteria regarding customer satisfaction:
Insurance companies often receive mixed reviews for their service. GEICO earns “average” results in the customer satisfaction survey. Liberty Mutual achieves “above average” ratings in terms of overall customer service.
In the J.D. Power 2021 Auto Claims Satisfaction Study, based on more than 7,300 auto insurance customers, GEICO came in slightly above average, while Liberty Mutual came in slightly below average. The study looked at customers with settled claims within the prior six months before taking the survey and it excluded those with a stolen vehicle, glass or windshield claims, and those with solely roadside assistance needs.
A.M. Best assesses insurance companies’ ability to meet their ongoing policy and contractual obligations. According to The Zebra, GEICO receives a “superior” rating and Liberty Mutual’s rating is “good.”
While the company ratings are different, both carriers have the financial strength to cover their customers’ claims.
Your car insurance needs are unique and there are many factors to consider. The cost of a policy usually tops the list of variables, so shop for the best price by requesting a quote from GEICO, Liberty Mutual, and other insurance companies.
GEICO offers less-expensive premiums in many cases. Still, Liberty Mutual offers many discounts that can lower the cost of policies, and its 12-month terms benefit many policyholders.
No matter which company you choose, you must understand what is covered. Be comfortable that it meets your needs before signing a policy when buying a new vehicle or renewing your existing coverage.
