Liberty Mutual vs. Nationwide: Best Auto Insurance for 2024
When comparing Liberty Mutual vs. Nationwide, Nationwide is cheaper in every category. Although Nationwide scored slightly higher with A.M. Best, both companies earned average or below-average customer satisfaction ratings. Take advantage of the numerous discounts offered to see if Liberty Mutual vs. Nationwide auto insurance is best for you.
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Chris Abrams
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Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
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UPDATED: Nov 12, 2024
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Because you have so many options when it comes to automobile insurance, comparing them head to head will help narrow down your choices. We’ll look at Liberty Mutual vs. Nationwide auto insurance companies to see if either meets your needs.
Compare the pros and cons of each company by looking at rates, discounts, and ratings to determine which one is right for you.
Read on to compare Liberty Mutual vs. Nationwide. You can compare free auto insurance quotes from multiple companies near you by entering your ZIP code now.
- Nationwide insurance rates are cheaper than Liberty Mutual
- Both companies have similar BBB and customer satisfaction ratings
- Although Liberty Mutual and Nationwide have great financial ratings, Nationwide scores slightly higher
Is Liberty Mutual auto insurance or Nationwide auto insurance cheaper?
Many different factors go into determining your auto insurance rates. Companies commonly look at your age, gender, marital status, driving record, and credit history to calculate your rates.
These factors will help determine how affordable Liberty Mutual vs. Nationwide auto insurance is for you.
First, we will compare Liberty Mutual vs. Nationwide auto insurance rates based on your age, gender, and marital status.
Liberty Mutual vs. Nationwide Average Annual Rates Based on Age, Gender, and Marital Status
| Age, Gender, and Marital Status | Liberty Mutual Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Single 17-year-old female | $9,875.56 | $5,431.46 |
| Single 17-year-old male | $12,181.54 | $6,815.00 |
| Single 25-year-old female | $3,287.35 | $2,431.91 |
| Single 25-year old male | $3,502.13 | $2,739.66 |
| Married 35-year-old female | $3,085.88 | $2,202.69 |
| Married 35-year-old male | $3,179.88 | $2,214.18 |
| Married 60-year-old female | $2,706.04 | $1,987.35 |
| Married 60-year-old male | $3,088.10 | $2,005.06 |
Nationwide is cheaper than Liberty Mutual no matter the age, gender, or marital status of the driver.
One of the most significant factors used to determine your auto insurance rates is your driving record. Accidents, tickets, and DUIs can cause your rates to skyrocket.
Liberty Mutual vs. Nationwide Average Annual Rates Based on Driving Record
| Driving Record | Liberty Mutual Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Clean record | $4,774.30 | $2,746.18 |
| With 1 accident | $6,204.78 | $3,396.95 |
| With 1 DUI | $7,613.48 | $4,543.20 |
| With 1 speeding violation | $5,701.26 | $3,113.68 |
Liberty Mutual is thousands of dollars more expensive than Nationwide regardless of your driving record.
One factor that might surprise you is your credit history. Insurance companies believe you’re more likely to pay for damages out of pocket and avoid filing a claim if you have a higher credit score.
Liberty Mutual vs. Nationwide Average Annual Rates Based on Credit History
| Credit History | Liberty Mutual Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Good | $4,388.18 | $2,925.94 |
| Fair | $5,604.24 | $3,254.83 |
| Poor | $8,802.22 | $4,083.29 |
Once again, Nationwide is the cheaper option for all credit scores. Drivers with bad credit will pay the most with either company.
Keep in mind, some states like California no longer allow insurance companies to use your credit score to calculate rates.
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Does Liberty Mutual or Nationwide have better auto insurance discounts?
Car insurance discounts can really save you money. Most auto insurance companies offer common discounts, such as multi-vehicle and good student discounts, and even allow you to combine them for more savings.
This table shows you the discounts that are offered by Liberty Mutual and Nationwide. If the amount of the discount is known, that’s included as well. You can use this information to determine which company might give you the best discounts.
Liberty Mutual vs. Nationwide Auto Insurance Discounts
| Auto Insurance Discounts | Liberty Mutual (%) | Nationwide (%) |
|---|---|---|
| Adaptive Cruise Control | 5 | x |
| Adaptive Headlights | 5 | x |
| Anti-lock Brakes | 5 | 5 |
| Anti-Theft | 20 | 25 |
| Claim Free | x | 10 |
| Daytime Running Lights | 5 | 5 |
| Defensive Driver | 10 | 5 |
| Distant Student | N/A | 10 |
| Driver's Ed | 10 | N/A |
| Driving Device/App | 30 | 40 |
| Early Signing | N/A | 8 |
| Electronic Stability Control | 5 | x |
| Family Plan | N/A | 25 |
| Federal Employee | 10 | N/A |
| Forward Collision Warning | 5 | x |
| Full Payment | $5 | N/A |
| Further Education | 10 | 15 |
| Good Credit | N/A | x |
| Good Student | 22.5 | 10 |
| Green Vehicle | 10 | N/A |
| Homeowner | x | 5 |
| Lane Departure Warning | x | x |
| Life Insurance | N/A | x |
| Low Mileage | x | x |
| Loyalty | N/A | 5 |
| Married | x | x |
| Membership/Group | 10 | 7 |
| Military | 4 | N/A |
| Multiple Policies | 20 | 10 |
| 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 | x |
| Newly Licensed | 5 | N/A |
| Newlyweds | 5 | N/A |
| Occupation | 10 | 15 |
| Paperless Documents | N/A | 5 |
| Paperless/Auto Billing | x | $30 |
| Passive Restraint | x | 20 |
| Recent Retirees | 4 | N/A |
| Safe Driver | N/A | 35 |
| Stable Residence | N/A | x |
| Students & Alumni | 10 | 7 |
| Switching Provider | 10 | N/A |
| Vehicle Recovery | 35 | 25 |
| VIN Etching | 5 | x |
| Young Driver | x | N/A |
Although both companies offer many of the same discounts, there are some differences. For example, Liberty Mutual offers a military discount and Nationwide doesn’t. However, Nationwide offers a loyalty discount and Liberty Mutual does not.
As you compare Liberty Mutual vs. Nationwide auto insurance quotes, don’t forget to add any eligible discounts.
Read more: Recent Retirees Discount: How Much Can You Save?
How do Liberty Mutual and Nationwide compare for financial strength and customer satisfaction?
A.M. Best ranks companies based on how financially stable they are. Liberty Mutual received an A rating, meaning it has an excellent ability to meet its obligations. Nationwide received an A+ rating, showing it has a superior ability to meet its obligations.
Both Liberty Mutual and Nationwide are accredited with the Better Business Bureau and received A+ ratings.
J.D. Power ranked both companies for customer satisfaction on factors like what is offered, billing, price, and claims. Both Liberty Mutual and Nationwide ranked at or below average.
Both companies offer easy-to-use websites and mobile apps that allow customers to access their accounts at any time. Each company offers additional services such as roadside assistance, and you can even compare other products like Liberty Mutual vs. Nationwide homeowners insurance.
Learn more about each company by reading our Liberty Mutual review and our Nationwide auto insurance review.
Deciding to buy Liberty Mutual vs. Nationwide auto insurance can be difficult. Weigh the advantages and disadvantages of each company to determine if either is right for you.
Now that you’ve compared Liberty Mutual vs. Nationwide auto insurance, enter your ZIP code to compare quotes from multiple companies near you.