Liberty Mutual vs. State Farm Auto Insurance (2024)
Choosing between Liberty Mutual vs. State Farm auto insurance is difficult, so we examine Liberty Mutual vs. State Farm auto insurance rates by age, driving record, and credit score for you. State Farm has the better ratings when we line up Liberty Mutual vs. State Farm customer satisfaction and financial strength. State Farm rates are also cheaper on all of our comparison points, but Liberty Mutual has a greater variety of discounts.
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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...
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UPDATED: Mar 18, 2024
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- State Farm auto insurance rates are much cheaper than Liberty Mutual rates
- State Farm has slightly higher financial and customer satisfaction ratings than Liberty Mutual
- Liberty Mutual received an A+ rating from the Better Business Bureau, but State Farm isn’t rated
Both Liberty Mutual and State Farm are on the list of the top 10 best auto insurance companies, but which company is the best option based on your personal characteristics?
We’ll compare Liberty Mutual vs. State Farm auto insurance rates based on age, driving record, and credit history to see which one can give you a better deal.
We’ll also compare available discounts and ratings from agencies with a credible and trustworthy view of Liberty Mutual vs. State Farm auto insurance companies.
Keep reading to compare Liberty Mutual vs. State Farm auto insurance coverage, or enter your ZIP code to compare quotes from multiple car insurance companies in your area.
Is Liberty Mutual auto insurance or State Farm auto insurance cheaper?
You might be surprised to learn exactly what factors determine auto insurance rates. Car insurance companies look at everything from your age, gender, marital status, driving record, and credit history to determine your rates.
These factors can make the difference in determining how affordable Liberty Mutual vs. State Farm auto insurance is for you.
Let’s take a look at Liberty Mutual vs. State Farm auto insurance rates using some of those factors to see who can offer you the best deal. This table shows you the average annual auto insurance rates for both companies based on demographics.
| Age, Gender, and Marital Status | Liberty Mutual Average Annual Rates | State Farm Average Annual Rates |
|---|---|---|
| Single 17-year-old female | $9,875.56 | $4,875.91 |
| Single 17-year-old male | $12,181.54 | $6,130.77 |
| Single 25-year-old female | $3,287.35 | $1,979.45 |
| Single 25-year old male | $3,502.13 | $2,176.45 |
| Married 35-year-old female | $3,085.88 | $1,734.93 |
| Married 35-year-old male | $3,179.88 | $1,734.93 |
| Married 60-year-old female | $2,706.04 | $1,558.06 |
| Married 60-year-old male | $3,088.10 | $1,558.06 |
State Farm is much cheaper than Liberty Mutual no matter your age. This is particularly true for 17-year-old male drivers, the most expensive demographic to insure.
Another important factor that auto insurance companies use to calculate your rates is your driving record. If you have accidents, tickets, or DUIs, you will spend a lot more on your insurance than if you have a clean driving record.
| Driving Record | Liberty Mutual Average Annual Rates | State Farm Average Annual Rates |
|---|---|---|
| Clean record | $4,774.30 | $2,821.18 |
| With 1 accident | $6,204.78 | $3,396.01 |
| With 1 DUI | $7,613.48 | $3,636.80 |
| With 1 speeding violation | $5,701.26 | $3,186.01 |
Liberty Mutual is more expensive than State Farm regardless of your driving record. Drivers with DUIs will pay the most with Liberty Mutual.
You might be surprised to learn that your credit score affects your auto insurance rates. Insurance companies believe that if you have a higher credit score, you are less likely to file a claim and more willing to pay out of pocket for damages.
| Credit History | Liberty Mutual Average Annual Rates | State Farm Average Annual Rates |
|---|---|---|
| Good | $4,388.18 | $2,174.26 |
| Fair | $5,604.24 | $2,853.00 |
| Poor | $8,802.22 | $4,951.20 |
State Farm is considerably cheaper than Liberty Mutual whether you have good, fair, or poor credit. Keep in mind that there are a few states, like California and Michigan, that don’t allow auto insurance companies to look at your credit score to determine your rates.
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Does Liberty Mutual or State Farm have better auto insurance discounts?
Auto insurance discounts are a great way to lower your rates. Most companies offer numerous savings opportunities, such as multi-vehicle and good student discounts.
Most companies also allow you to bundle policies to save even more. For example, if you choose between Liberty Mutual vs. State Farm home insurance, you can add a discount to your auto insurance for having multiple policies.
This table shows you the auto insurance discounts offered by Liberty Mutual and State Farm. If the amount of the discount is known, it is included. See which company can offer you the most discounts.
| Auto Insurance Discounts | Liberty Mutual (%) | State Farm (%) |
|---|---|---|
| Adaptive Cruise Control | 5 | N/A |
| Adaptive Headlights | 5 | N/A |
| Anti-lock Brakes | 5 | 5 |
| Anti-Theft | 20 | 15 |
| Claim Free | x | 15 |
| Daytime Running Lights | 5 | N/A |
| Defensive Driver | 10 | 5 |
| Distant Student | N/A | x |
| Driver's Ed | 10 | 15 |
| Driving Device/App | 30 | 50 |
| Electronic Stability Control | 5 | N/A |
| Federal Employee | 10 | N/A |
| Forward Collision Warning | 5 | N/A |
| Full Payment | $5 | N/A |
| Further Education | 10 | N/A |
| Good Credit | N/A | x |
| Good Student | 22.5 | 25 |
| Green Vehicle | 10 | N/A |
| Homeowner | x | 3 |
| Lane Departure Warning | x | N/A |
| Low Mileage | x | 30 |
| Married | x | x |
| Membership/Group | 10 | N/A |
| Military | 4 | x |
| Multiple Policies | 20 | 17 |
| Multiple Vehicles | 10 | 20 |
| New Address | 5 | N/A |
| New Customer/New Plan | x | N/A |
| New Graduate | 5 | N/A |
| Newer Vehicle | N/A | 40 |
| Newly Licensed | 5 | N/A |
| Newlyweds | 5 | N/A |
| Occupation | 10 | N/A |
| Paperless/Auto Billing | x | $2 |
| Passive Restraint | x | 40 |
| Recent Retirees | 4 | N/A |
| Safe Driver | N/A | 15 |
| Students & Alumni | 10 | N/A |
| Switching Provider | 10 | N/A |
| Vehicle Recovery | 35 | 5 |
| VIN Etching | 5 | N/A |
| Young Driver | x | N/A |
Although both companies offer many of the same discounts, there are some differences. For example, Liberty Mutual offers a federal employee discount, and State Farm doesn’t. However, State Farm offers a safe driver discount, and Liberty Mutual does not.
You may have to call the State Farm or Liberty Mutual customer service numbers to learn which discounts you qualify for before you buy. Before you file a claim with the Liberty Mutual or State Farm claims departments, ask about accident forgiveness.
How do Liberty Mutual and State Farm compare in financial strength and customer satisfaction?
A.M. Best ranks companies based on how financially stable they are. Liberty Mutual received an A rating, showing it has an excellent ability to meet financial obligations. State Farm received an A+, showing a superior ability to meet its obligations.
When it comes to the Better Business Bureau (BBB), Liberty Mutual is accredited and has an A+ rating. State Farm is not accredited or rated by the BBB.
Both companies were ranked by J.D. Power for customer satisfaction on factors like what is offered, billing, price, and the Liberty Mutual and State Farm claims processes. Liberty Mutual ranked at or below average in most regions, while State Farm ranked average in most regions.
Does Liberty Mutual or State Farm have the better mobile app?
Both companies offer an easy-to-use website. The Liberty Mutual and State Farm apps allow customers to access their accounts at any time. Usually, your Liberty Mutual login or State Farm login will work with both the general app and telematics app.
You can use the Liberty Mutual app to file a claim and the State Farm app allows you to request roadside assistance. You can also call the main State Farm or Liberty Mutual insurance phone numbers when you need roadside assistance or help with a claim.
Before you choose between Liberty Mutual vs. State Farm auto insurance, enter your ZIP code to compare auto insurance quotes from local providers in your local area.
Frequently Asked Questions
What is the difference between Liberty Mutual and State Farm auto insurance?
Liberty Mutual and State Farm are both well-known insurance companies offering auto insurance coverage. While there are similarities between them, there are some key differences to consider. Liberty Mutual tends to focus more on customizable coverage options and offers unique features such as new car replacement and accident forgiveness. State Farm, on the other hand, emphasizes personalized customer service and a vast network of agents. Their offerings may vary in terms of pricing, coverage options, discounts, and customer experience.
Which company has better customer satisfaction ratings, Liberty Mutual or State Farm?
Both Liberty Mutual and State Farm have solid customer satisfaction ratings, but rankings can vary depending on the source. According to J.D. Power’s 2021 U.S. Auto Insurance Study, State Farm received a higher overall customer satisfaction score compared to Liberty Mutual. However, it’s essential to research and consider multiple sources of customer feedback, including reviews and ratings from reputable sources, to get a comprehensive understanding of each company’s customer service performance.
Does Liberty Mutual or State Farm offer better discounts on auto insurance?
Both Liberty Mutual and State Farm provide various discounts that can help policyholders save on their auto insurance premiums. The availability and extent of discounts may vary depending on factors such as your location, driving history, and policy details. To determine which company offers better discounts for your specific circumstances, it’s recommended to obtain personalized quotes from both insurers and compare the discounts available to you.
Which insurance company has more affordable auto insurance rates, Liberty Mutual or State Farm?
The cost of auto insurance premiums can depend on multiple factors, such as your location, driving record, coverage needs, and the specific details of your policy. It’s challenging to definitively state which company offers more affordable rates overall, as rates can vary significantly based on individual circumstances. The best way to determine which insurer provides more affordable rates for you is to obtain quotes from both Liberty Mutual and State Farm and compare them based on your specific information.
Are Liberty Mutual and State Farm financially stable insurance companies?
Both Liberty Mutual and State Farm are well-established and financially stable insurance companies. Liberty Mutual, as a mutual insurance company, operates for the benefit of its policyholders and has a long history in the industry. State Farm, a mutual company as well, has been serving customers for nearly a century and has a strong financial reputation. It’s always a good practice to research the financial stability of an insurance company by reviewing their ratings from independent rating agencies such as A.M. Best, Moody’s, or Standard & Poor’s.