Allstate ranks fifth in the U.S. as one of the biggest insurers. In fact, it was fifth in 2020 with at 4.73% of. The company’s most well-known products are auto and home insurance. However, they also offer unique insurance coverage that protects policyholders such as off-road vehicle coverage and phone protection.
Liberty Mutual ranks fourth in the U.S. as an insurer. The company was founded in 1912 and has over 45,000 employees. It also writes insurance policies across 29 countries. It is similar to Allstate and specializes in personal insurance as well as commercial insurance. This includes simple auto and home policies, pet insurance, and small-business coverage.
Comparison of car insurance rates between Allstate and Liberty Mutual
Allstate is outperforming Liberty Mutual in our Bankrate Score. This score is based on a variety of factors, including policyholder reviews, endorsements from third parties, and the average cost of premiums. AM Best determined that Allstate’s financial stability is slightly higher than Liberty Mutual, but they are both still in the “A” category. Although data is not available on Liberty Mutual’s average rates, it is likely that they will reflect the same trend as the national averages.
Rates based on credit score
According to Bankrate’s review, Allstate’s annual premiums are more expensive if you have poor credit ratings, while Liberty Mutual may offer a lower premium for those with high credit scores. Your credit score cannot be used to determine your premium rate if you live in Hawaii, California Washington, Massachusetts or Washington.
Rates based on age
Due to the higher risk, younger drivers tend to pay more for car insurance. Rates tend to decrease with age, as shown in the below data. Liberty Mutual rates will follow the national trend so you might pay slightly more for your Liberty Mutual premium than with Allstate. However, it is worth getting a quote to see how your age affects your premium. It is best to get quotes from both Liberty Mutual and Allstate in order to determine which policy is the most suitable for you.
Driving record rates
It is understandable that car insurance rates are lower for drivers who are careful and safe, and less likely to make claims against their policies. Negative marks on your license could increase your insurance rates significantly. A serious infraction, such as a DUI conviction, can result in you paying almost twice or more than what you would otherwise pay. Allstate rates are slightly higher than the average national rate, but rates can be different for you.
Allstate vs Liberty Mutual – Discounts
Both Allstate and Liberty Mutual offer industry-standard discounts when comparing them. Allstate lists 13 discounts, but this can vary depending on where you live. Liberty Mutual offers 17. While many are easy to get, others might not be discounts that you qualify for. Liberty Mutual has 17.
Allstate
- Allstate will offer a discount on your premium rate if you own a new car, whether it is the current model year or one year old.
- Smart Student — If you are unmarried and under 25 years old, and are enrolled in school, you may be eligible to save if you live at least 100 miles away from your car’s garage or have completed Allstate’s TeenSMART driver education program.
- Bundling — Purchase homeowners or renters insurance from Allstate along with your auto coverage to save money.
Liberty Mutual
- RightTrack Program — Save up to 30% when you agree to install an app for your smartphone that transmits real-time information about your driving habits to the company. Your rate will drop if you’re a safe driver.
- You can purchase your policy online and get a discount if you do not go through an agent.
- Accident/violation-free — You can get another RightTrack discount for safe driving by being accident and violation-free.
Comparison of Allstate and Liberty Mutual: Online and Mobile Experience
You can manage your account online or on the move with apps for Android and iOS. Allstate and Liberty Mutual both have apps that make it easy. However, Liberty Mutual’s app is ranked higher in terms of Allstate vs Liberty Mutual based on customer feedback. Allstate’s iOS app performs better, while Liberty Mutual receives higher scores from Android users.
Allstate
- AppStore (4.8 star) — Safe driving tools, ID access, 24/7 roadside assistance, and a digital lockbox. QuickFoto Claim guides you through uploading and taking photos after an accident. You can also pay your bill and reach your agent whenever you need.
- Google Play (3.1 Stars) — Allstate’s Android application does all the same things as its iOS counterpart, but users have had trouble with it, which has led to lower-than-stellar reviews. Users report issues such as the app closing unexpectedly or freezing, and other problems.
Liberty Mutual
- AppStore (3.8 star) — You can access ID cards and policy documents online, make changes to your coverage, and pay your bill online. Tap to dial emergency roadside assistance. The app allows you to file and manage your claims, work with your claims adjuster and arrange for repairs.
- Google Play (4.6 star) — Liberty Mutual’s Android app lets you access and modify policy documents, pay your bills, and sign electronic documents. You can also manage claims, search for auto repair shops and request a rental car. The app has received positive reviews.
Questions frequently asked
Which auto insurance policy is the best?
There is no one best company for everyone. Bankrate has a comparison of the Best Car Insurance Companies in 2021. This will help you find the right insurer for you. Compare quotes from multiple insurers before you make your final decision. Your situation will determine the best car insurance company.
How can I get my car insurance at the lowest possible rate?
Begin by looking around for the best insurer that will offer you the lowest premium rates. Next, work with an agent to ensure you receive all discounts that you are eligible. A higher deductible will result in a lower premium. However, depending on which deductible you choose, and how much you increase it, there may be different savings.
What is the cost of auto insurance?
Rates can vary depending on many factors, including your age, ZIP code and marital status, credit rating and car model. The coverage options you choose also play a part. The average rate for full U.S. coverage, which includes collision insurance and comprehensive insurance is $1,674.
