Liberty Mutual Insurance Overview
Liberty Mutual Group is a worldwide insurer, and the third largest insurance company in the United States for property and casualty products. They are set up as a mutual, which means that policyholders have a stake in the company through the cost of their policies. When profits are up, policy prices tend to go down. The opposite is generally true when the company has a down year.
Founded in 1912, the company was started in Massachusetts and still has their headquarters in Boston. They employ over 40,000 people and are currently one of the 100 largest companies by revenue in the United States, even though they are private.
In 2008, Liberty Mutual purchased Safeco Insurance which is headquartered in Seattle. Safeco was a public company at the time, and Liberty Mutual agreed to pay just above $6 billion for all of the outstanding shares and took them private as a wholly-owned subsidiary. They also own a handful of additional insurance companies including: America First Insurance, Colorado Casualty, Peerless Insurance, Golden Eagle Insurance, and Indiana Insurance.
Home - Liberty Mutual
Life - QuinStreet Life
Health - eHealthInsurance
Liberty Mutual Insurance Products
Here is a list of Liberty Mutual’s most popular products:
- Auto Insurance
- Homeowners Insurance
- Life Insurance
- Renters Insurance
- Business Insurance
- Surety & Bonding
Liberty Mutual Insurance Rates
Our auto rate test showed that Liberty Mutual is Below Average.
A 30-year-old couple with a clean driving record could be insured for just under $155 on two cars, which is about $25 less that the average monthly premium we have received this year on our tests.
Liberty Mutual Consumer Complaints
Liberty Mutual Group has been accredited with the Better Business Bureau since 1931 and currently has an A rating. The primary issue reported is “Problems with Product/Service” with 627 being reported over a three year period.
Liberty Mutual Consumer Research Reports
Consumer Reports –The Auto Insurer Rating Report done by Consumer Reports in 2010 shows that participants rated Liberty Mutual 85 out of 100, which reflects they were very satisfied. The average for all companies was 60, and Liberty Mutual ranked in the top 20 overall.
Liberty Mutual Financial Ratings
A.M. Best Rating – A+ Stable
Fitch Rating – A-
S & P Rating – A- Positive
Liberty Mutual Overall Rating
Liberty Mutual is structured as a mutual, which means the policyholders cost is tied to the company performance. In theory, this is a good thing because profits are used to pay customers who are basically the shareholders. They also have a long track record as an insurance company in the United States. In addition, the rates for our auto premium test came in below average when compared to their competitors. Additionally, their homeowner policies are industry leading when it comes to coverage, and their rates are below average.
Liberty Mutual appears to be a good fit for an individual or family looking for a “one-stop-shop” for all their insurance needs. Their rates are average to below average and they provide coverage for just about everything a person would need. Someone looking to keep all their insurance under one roof would be well served with Liberty Mutual.
Liberty Mutual Insurance Overview
Liberty Mutual Group is a worldwide insurer, and the third largest insurance com…
Best Insurance Quote Providers:Auto Insurance - Liberty Mutual
Home Insurance - Liberty Mutual
Life Insurance - QuinStreet Life
Health Insurance - eHealthInsurance
Business Insurance - Hiscox Insurance
About the Author
I am a former insurance agent turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.