Allstate vs. Liberty Mutual 2022 Automotive Insurance Comparability – Kelley Blue Guide
Allstate and Liberty Mutual are two solid options to consider when looking for auto insurance. These reputable insurers have been providing coverage for decades, but which company is better for your situation? Read on to compare coverage, price, discounts, and more.
For more information on these two companies, check out our Allstate Car Insurance Review and Liberty Mutual Car Insurance Review.
Allstate and Liberty Mutual Auto Insurance Coverage
Allstate and Liberty Mutual both offer standard auto insurance protection options such as:
Read our article on Common Types of Auto Insurance to learn more about basic coverage.
Additional coverage from Allstate and Liberty Mutual may be available as add-ons to basic coverage in some states.
- Reimbursement of the rental car
- Roadside assistance and towing
- Medical payments
- Forgiveness of accidents
- Additional travel insurance
Allstate offers an unusual add-on: sound system insurance. The company pays the loss if your custom audio equipment is stolen or damaged.
Liberty Mutual offers an unusual option with its teacher-focused insurance. This product offers additional protection for your vehicle and your teaching materials against vandalism and theft.
A unique feature of Liberty Mutual is the length of their auto insurance policies. Unlike most of the leading airlines, Liberty Mutual offers 12 month mutual policies. Liberty's annual rate option can help you avoid the hikes that often come at the end of typical six month policies.
Average insurance rates from Allstate and Liberty Mutual
Allstate and Liberty Mutual premiums are often in the higher insurance cost spectrum. According to a study by The Zebra, the average monthly cost of a policy at Allstate is $ 170. Liberty Mutual pricing is comparable averaging $ 144 per month.
Many consumers say you get what you pay for and that these companies' rewards are commensurate with their service and reputation. Also, keep in mind that rates on each policy will vary based on driving records, geographic region, vehicle type and other factors including average annual mileage. Contact Allstate, Liberty Mutual, and other insurance companies directly for personalized quotes.
This table compares the average annual premiums between Allstate and Liberty Mutual by age group.
|Age group||Allstate||Liberty Mutual|
|Teenagers||$ 6,442||$ 6,559|
|20s||$ 2,636||$ 2,686|
|30s||$ 1,920||$ 1,942|
|40s||$ 1,912||$ 1,926|
|50s||$ 1,893||$ 1,793|
|1960s||$ 1,768||$ 1,746|
Source: the zebra
Premium discounts from Allstate and Liberty Mutual
One of the better discounts you can get from freight forwarders is bundling auto insurance with home, rental, boat, motorcycle, or any other insurance policy. Most insurers will encourage their customers to bundle their coverage. Be sure to ask about multiple policy and multiple vehicle bundling options.
Policyholders with these insurers may be eligible for several auto insurance discounts and perks:
- Safe driver discount
- Good student discount
- Accident-free drivers
- Anti-theft equipment discounts
- Forgiveness of accidents
As a homeowner, you may be eligible for a Liberty Mutual discount even if you do not bundle your policies. If you choose Allstate, you may get a lower rate for driving a new car.
Customer satisfaction with Liberty Mutual and Allstate
Most auto insurance carriers, including Allstate and Liberty Mutual, receive mixed reviews from consumers. Some praise the companies for their claims handling, others criticize the insurers for the same issues.
For auto insurance buyers, high customer satisfaction means a high probability that the insurer will handle claims quickly and efficiently. The 2021 US auto insurance study by J.D. Power has responses from nearly 39,000 customers. The results provide information about customer satisfaction in key areas:
- Car insurance costs
- Policy offers
- Customer interactions
- Billing process and policy information
Reviews from J.D. Power rate Allstate as "Average," based on customers' opinions and experiences with the company. Liberty Mutual is rated as "above average".
Which one is in better financial condition, Allstate or Liberty Mutual?
An insurance company must be able to cover all claims payable and meet its other financial needs.
Allstate has an "Excellent" financial strength rating from A.M. Preferably; Liberty Mutual's rating is “good”. Both ratings indicate that these insurers can meet their claims obligations.
Allstate Or Liberty Mutual: Which Is Better For You?
The requirements for car insurance are unique for every driver. Get a quote from Liberty Mutual, Allstate, and other transportation companies. Talk to company representatives and choose the insurer with the levels of coverage and prices that best suit your needs.
Allstate and Liberty Mutual offer auto policies with varying levels of coverage for a wide variety of drivers. The average premium price is similar between the two insurers. Shopping in the area will always give you the best price, but remember that cost is just one factor to consider.
Whichever company you choose, make sure you understand the details of coverage and what is best for your situation before purchasing new auto insurance or extending your coverage. When buying a car, don't forget to get auto insurance before you drive away the vehicle.
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