Liberty Mutual vs. State Farm: Best Car Insurance for 2021
Comparing Liberty Mutual vs. State Farm gives you a good idea of which company is going to suit your needs the best. Knowing how age, location, and driving record will impact your Liberty Mutual or State Farm rates makes it simple to decide which company to go with. When comparing car insurance companies, knowing what they offer as far as discounts, products, and services will allow you to make an informed decision.
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UPDATED: Jul 26, 2021
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- Liberty Mutual and State Farm auto insurance companies both offer competitive rates
- Several factors affect the cost of your rates from these and other auto insurance companies
- Discounts can save you a lot on your car insurance
- Covering all of your insurance needs through the same company makes life simpler
If you’re thinking about a State Farm auto insurance quote or asking yourself, “How much is Liberty Mutual car insurance?” you’ve come to the right place. We’ve compared all the aspects of Liberty Mutual vs. State Farm car insurance to save you time and simplify the search for savings.
Sure, you can check out the Liberty Mutual car insurance review and gain valuable information. However, comparing companies will give you better insight into the perfect insurance company for your driving situation.
While your base rates are determined by several factors, discounts can be applied to help you save money. By learning more about Liberty Mutual or State Farm car insurance company, you can choose the right one to meet your needs.
Continue reading to find out if there is affordable Liberty Mutual or State Farm car insurance available to you. You can also enter your ZIP code here to compare rates from top insurance companies near you.
Does Liberty Mutual or State Farm offer better car insurance rates?
Insurance rates are based on several factors. Each insurance company will assign a risk level to you, and this will determine your rates. When car insurance companies are figuring out how risky it is to insure you, they look at:
- Driving record
- Annual mileage
- Number of claims
- Credit score
While your base rate may seem high, keep in mind that top-rated insurance companies like Liberty Mutual and State Farm will have multiple discounts. These discounts will help cut down the cost of your insurance.
Let’s look at some different sets of Liberty Mutual and State Farm rates for various driving situations.
Liberty Mutual vs. State Farm Car Insurance Rates by Age
When it comes to car insurance rates, age plays a big role in how much you pay. Young drivers’ car insurance is more expensive because this demographic is inexperienced and more likely to be involved in an accident.
Here’s a look at the average rates from Liberty Mutual and State Farm based on age group.
|Age||Liberty Mutual Average Monthly Rates||State Farm Average Monthly Rates|
State Farm’s rates are significantly more affordable. However, keep in mind that discounts will help save you money, making Liberty Mutual the more affordable option for some.
Liberty Mutual vs. State Farm Car Insurance Rates for High-Risk Drivers
As mentioned, your rates will vary based on your driving record. If you have some accidents or tickets on your record, you could end up paying a lot more for car insurance.
Learning about high-risk car insurance can help you understand exactly how your rates will be affected. So, let’s look at some driving record situations and what they mean for the cost of your car insurance.
|Infraction||Liberty Mutual Average Monthly Rate||State Farm Average Monthly Rate|
|At-fault accident with less than $1,000 in damage||$176.00||$127.00|
|At-fault accident with more an $1,000 in damage||$231.33||$237.42|
In pretty much every citation situation, State Farm is a bit more forgiving. If your driving record is less than stellar, State Farm is likely going to be the more affordable choice for you.
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Will I find better discounts with the Liberty Mutual or State Farm car insurance company?
Finding great discounts is one of the best ways to bring your monthly car insurance costs down. While there are many similar discounts offered by these companies, some are unique.
Let’s compare discounts available from Liberty Mutual and State Farm.
|Discount||Liberty Mutual||State Farm|
|Paid in Full||Yes||No|
|Student Away at School||Yes||Yes|
Both companies offer a decent number of discounts. However, Liberty Mutual is the frontrunner when it comes to discounts offered. These discounts make Liberty Mutual’s slightly higher rates more affordable.
What other insurance products are available with Liberty Mutual and State Farm?
Keeping all of your insurance products with the same company simplifies paying bills and can sometimes earn you discounts. So, getting familiar with what products are offered by Liberty Mutual and State Farm can make choosing the right company easier.
Whether you’re searching for Liberty Mutual RV insurance or motorcycle coverage through State Farm, you probably want to know what’s available. Let’s take a look at the different products offered by these companies.
Both Liberty Mutual and State Farm offer:
- Motorcycle insurance
- Mobile home insurance
- RV insurance
- Renters insurance
- Travel trailer insurance
- Homeowners insurance
- Life insurance
- Condo insurance
- Boat insurance
As you can see, both of these companies have pretty much every type of insurance policy you could need. Of course, the cost of these policies will vary. Typically, you can get a discount for multiple policies, so adding insurance coverage can reduce your Liberty Mutual or State Farm car insurance rates.
State Farm has an A.M. Best rating of A++, while Liberty Mutual has a rating of A. That means both companies are financially stable.
We hope you can now decide if you want to buy Liberty Mutual or State Farm car insurance. Enter your ZIP code now and see free quotes from auto insurance companies in your area.