Farmers vs. Liberty Mutual: Best Auto Insurance for 2024
When comparing Farmers vs Liberty Mutual, Farmers insurance is cheaper. Both companies have excellent A.M. Best and BBB ratings, but Farmers customer satisfaction rating is slightly higher than Liberty Mutual's. Both Farmers and Liberty Mutual offer multiple discounts that can have a big impact on your auto insurance rates.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
UPDATED: Nov 4, 2024
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You have lots of options for your automobile insurance, but comparing them head to head can help you narrow them down. We will look at Farmers vs. Liberty Mutual auto insurance companies to see if one of them meets your needs.
In order to determine if either is right for you, compare rates, discounts, and ratings.
Before you read on to learn about Farmers vs. Liberty Mutual, take a minute to see how much you could save today. Enter your ZIP code now to receive quotes from multiple companies near you for free.
- Liberty Mutual auto insurance is more expensive than Farmers
- Both companies have excellent A.M. Best and BBB ratings
- When it comes to customer satisfaction, Farmers scores about average while Liberty Mutual scores below average in most regions
Is Farmers auto insurance or Liberty Mutual auto insurance cheaper?
Your auto insurance rates are determined by many different factors, such as your age, gender, marital status, driving record, and credit history. These factors, and more, determine just how affordable Farmers vs. Liberty Mutual auto insurance is for you.
Is Liberty Mutual better than Farmers insurance when you look at these factors?
We will start by looking at Farmers vs. Liberty Mutual auto insurance rates based on your age, gender, and marital status. This table shows the rates for each company based on demographics.
Farmers vs. Liberty Mutual Average Annual Rates Based on Age, Gender, and Marital Status
| Age, Gender, and Marital Status | Farmers Average Annual Rates | Liberty Mutual Average Annual Rates |
|---|---|---|
| Single 17-year-old female | $8,666.24 | $9,875.56 |
| Single 17-year-old male | $9,202.06 | $12,181.54 |
| Single 25-year-old female | $2,672.81 | $3,287.35 |
| Single 25-year old male | $2,791.21 | $3,502.13 |
| Married 35-year-old female | $2,316.82 | $3,085.88 |
| Married 35-year-old male | $2,306.44 | $3,179.88 |
| Married 60-year-old female | $2,117.42 | $2,706.04 |
| Married 60-year-old male | $2,179.61 | $3,088.10 |
Regardless of age, gender, or marital status, Farmers insurance is cheaper.
Your driving record is one of the biggest factors used to determine your auto insurance rates. Your rates will skyrocket if you have accidents, speeding tickets, or DUIs.
Farmers vs. Liberty Mutual Average Annual Rates Based on Driving Record
| Driving Record | Farmers Average Annual Rates | Liberty Mutual Average Annual Rates |
|---|---|---|
| Clean record | $3,460.60 | $4,774.30 |
| With 1 accident | $4,518.73 | $6,204.78 |
| With 1 DUI | $4,718.75 | $7,613.48 |
| With 1 speeding violation | $4,079.01 | $5,701.26 |
Liberty Mutual is much more expensive than Farmers for all drivers.
One factor you might not know that affects your car insurance rates is your credit score. Most insurance companies believe that you are more likely to avoid filing a claim and pay for damages out of pocket if you have a higher credit score
Farmers vs. Liberty Mutual Average Annual Rates Based on Credit History
| Credit History | Farmers Average Annual Rates | Liberty Mutual Average Annual Rates |
|---|---|---|
| Good | $3,677.12 | $4,388.18 |
| Fair | $3,899.41 | $5,604.24 |
| Poor | $4,864.14 | $8,802.22 |
Once again, Farmers auto insurance is cheaper than Liberty Mutual for all credit scores.
Keep in mind that some states like California no longer allow insurers to consider credit score when determining rates.
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Farmers or Liberty Mutual: Which has better auto insurance discounts?
One of the best wars to lower your rates is to add car insurance discounts. Most auto insurance companies offer common discounts, such as multi-vehicle, multi-policy, and occupation discounts.
This table shows you the Liberty Mutual and Farmers insurance discounts offered. If the amount of the discount is known, it is listed. Take a look to see which company can offer you the most discounts.
Farmers vs. Liberty Mutual Auto Insurance Discounts
| Auto Insurance Discounts | Farmers (%) | Liberty Mutual (%) |
|---|---|---|
| Adaptive Cruise Control | N/A | 5 |
| Adaptive Headlights | x | 5 |
| Anti-lock Brakes | x | 5 |
| Anti-Theft | x | 20 |
| Claim Free | x | x |
| Continuous Coverage | x | N/A |
| Daytime Running Lights | x | 5 |
| Defensive Driver | x | 10 |
| Distant Student | x | N/A |
| Driver's Ed | x | 10 |
| Driving Device/App | N/A | 30 |
| Early Signing | x | N/A |
| Electronic Stability Control | x | 5 |
| Family Plan | x | N/A |
| Farm Vehicle | x | N/A |
| Federal Employee | x | 10 |
| Forward Collision Warning | N/A | 5 |
| Full Payment | x | $5 |
| Further Education | N/A | 10 |
| Garaging/Storing | x | N/A |
| Good Student | x | 22.5 |
| Green Vehicle | 5 | 10 |
| Homeowner | x | x |
| Lane Departure Warning | N/A | x |
| Low Mileage | x | x |
| Married | N/A | x |
| Membership/Group | N/A | 10 |
| Military | x | 4 |
| Multiple Policies | x | 20 |
| Multiple Vehicles | x | 10 |
| New Address | N/A | 5 |
| New Customer/New Plan | N/A | x |
| New Graduate | N/A | 5 |
| Newer Vehicle | x | N/A |
| Newly Licensed | N/A | 5 |
| Newlyweds | N/A | 5 |
| Occupation | x | 10 |
| Paperless Documents | x | N/A |
| Paperless/Auto Billing | x | x |
| Passive Restraint | x | x |
| Recent Retirees | N/A | 4 |
| Safe Driver | x | N/A |
| Senior Driver | x | N/A |
| Students & Alumni | N/A | 10 |
| Switching Provider | x | 10 |
| Utility Vehicle | x | N/A |
| Vehicle Recovery | x | 35 |
| VIN Etching | x | 5 |
| Young Driver | N/A | x |
A lot of the same discounts are offered by both companies. However, there are some differences. For example, Farmers offers a continuous coverage discount that Liberty Mutual doesn’t. Liberty Mutual, on the other hand, offers a married discount and Farmers doesn’t.
As you compare Farmers vs. Liberty Mutual auto insurance quotes, be sure to consider discounts you may receive.
Read more:
How do Farmers and Liberty Mutual compare for financial strength and customer satisfaction?
Insurance companies are ranked on their financial stability by A.M. Best. Both companies received an A rating, meaning they have an excellent ability to meet their obligations.
Farmers and Liberty Mutual are both accredited with the Better Business Bureau and received A+ ratings.
J.D. Power ranked both Farmers and Liberty Mutual for customer satisfaction on factors like what is offered, billing, price, and claims. Farmers insurance reviews ranked about average and Liberty Mutual reviews ranked slightly lower.
The companies also have other things in common. Both companies offer websites, mobile apps, and online quotes. Each company also offers additional coverages and services, such as homeowners insurance and roadside assistance.
To learn more about each company, read our Farmers auto insurance review and our Liberty Mutual review.
Deciding to buy Farmers vs. Liberty Mutual auto insurance can be a difficult decision. Weigh Farmers and Liberty Mutual’s pros and cons to determine if either company is right for you. Learn how you can cancel your auto insurance policy with Farmers if you decide Liberty Mutual is a better option.
Now that you know all the details on Farmers vs. Liberty Mutual auto insurance, enter your ZIP code to compare quotes from multiple companies near you.