Liberty Mutual and Farmers are two longstanding companies to compare when looking for the best car insurance provider to choose for your new policy. These insurers offer a broad range of coverage options and money-saving discounts suitable for all types of drivers. But which will help you stay protected while on the road? This guide provides more information on both providers so you can make a better decision that suits your coverage needs and your budget.
Check out our Liberty Mutual Car Insurance Review and Farmers Car Insurance Review for more information on these two companies.
Liberty Mutual and Farmers both offer standard car insurance coverage options such as:
Read our article about the common types of auto insurance to learn more about basic coverage.
Additional coverage from Liberty Mutual and Farmers may be available as add-ons to basic coverage.
Every policy is unique because insurers offer specialized insurance products. For example, Farmers offers supplemental rideshare insurance and customized equipment coverage. Meanwhile, Liberty Mutual has an option geared toward teachers, which provides extra protection for vehicles and teaching materials from vandalism and theft.
An uncommon feature of Liberty Mutual is the length of its car insurance policies. Unlike most leading carriers, it offers policies in 12-month terms. The option for longer policies may help you avoid rate increases that often come at the end of a typical 6-month period.
RELATED STORIES: Liberty Mutual vs. Nationwide 2022 Car Insurance Comparison
Premiums from Liberty Mutual and Farmers are often higher in the insurance expense spectrum. According to research from The Zebra, the average monthly cost for a policy with Farmers is $131. Liberty Mutual rates are comparable at $144 per month on average.
Many consumers say that you get what you pay for and that premiums from these companies match their service and reputation. Remember that with any policy, rates will vary depending on driving records, geographic region, vehicle type, and other factors, including average annual mileage. Contact Farmers, Liberty Mutual, and other insurance companies directly for personalized quotes and compare before settling on a policy.
This table compares average annual premiums between Liberty Mutual and Farmers by age tier.
| Age Group | Liberty Mutual | Farmers |
| Teens | $6,559 | $6,518 |
| 20s | $2,686 | $2,020 |
| 30s | $1,942 | $2,020 |
| 40s | $1,926 | $1,511 |
| 50s | $1,793 | $1,507 |
| 60s | $1,746 | $1,402 |
Source: The Zebra
One of the more popular discounts offered by carriers is bundling auto insurance with home, renters, boat, motorcycle, or another insurance policy. Most insurers will encourage customers to take advantage of bundling their coverage. Be sure to ask about multi-policy and multi-vehicle bundling options through Liberty Mutual and Farmers.
Policyholders with these insurers may be eligible for multiple auto insurance discounts and perks:
Liberty Mutual gives a discount for members of the military. If you choose Farmers, be sure to ask about additional discounts for vehicle safety equipment.
For many drivers, the cost of a policy is the primary consideration when shopping for car insurance. Still, many people believe that good customer service is worth a higher price.
High customer satisfaction ratings indicate a strong likelihood of the car insurer processing claims quickly and efficiently. The 2021 J.D. Power U.S. Auto Insurance Study includes responses from almost 39,000 customers. The results provide insights into customer satisfaction in key areas:
J.D. Power assessments give Liberty Mutual an “above average” rating based on customers’ opinions of and experiences with the company. Farmers get an “excellent” rating on overall claims satisfaction in the study.
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 sustains weather-related damage. Insurers need to pay any covered claim you make.
Farmers has an “excellent” 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.
Liberty Mutual and Farmers provide auto insurance policies with different levels of coverage for a broad range of drivers. The average monthly cost is similar between the two insurers. Shopping around will always get you the best price, but remember that cost is just one factor you must consider.
Car insurance requirements are unique to every driver. Request a quote from Liberty Mutual, Famers, and other carriers. Speak with company representatives and choose the insurer with the coverage levels and prices that best meet your needs. If you’re buying a car, remember to obtain your insurance before driving the vehicle away.
No matter which company you choose, be sure to understand the details of your coverage before signing a new car insurance policy or renewing your coverage.
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