Money Analysed

Allstate vs Liberty Mutual: Which Auto Insurance is Best for You?

Auto insurance is an essential requirement for any car owner. With many insurance companies in the market, it can be challenging to select the best.

Allstate and Liberty Mutual are two of the most popular insurers in the industry, offering unique discounts and coverage types. In this article, we will compare these two insurers in various aspects, including auto insurance comparisons, types of coverage, available discounts, claim experience, credit score requirements, and how to choose between them.

Allstate vs. Liberty Mutual Auto Insurance

Types of Coverage

Both Allstate and Liberty Mutual provide coverage for liability, collision, and comprehensive. Additionally, Allstate offers

Roadside Assistance,

Rental Car Reimbursement, Classic Car Insurance, MileWise pay-per-mile insurance program, Drivewise program, and

Allstate Rewards.

Likewise, Liberty Mutual provides

Better Car Replacement coverage,

Original Parts Replacement coverage, and

Liberty Mutual Deductible Fund.

Available

Discounts

Allstate’s available discounts include accident forgiveness, new car discount, multi-policy discount, safe driver discount, anti-theft discount, teen driver discount, and ride-share insurance. On the other hand, Liberty Mutual offers discounts for teachers, students, military, and affiliation.

Some of the common discounts that both insurers offer include multi-car discounts, good driver discounts, and anti-theft device discounts.

Bundling Options

Allstate and Liberty Mutual provide bundling options with other insurance policies. For example, Allstate offers bundling with homeowners, renters, condos, motorcycles, business, life insurance, pets, identity protection, and much more.

Similarly, Liberty Mutual offers bundling with homeowners, renters, and condos.

Our Verdict

Both insurers provide quality coverage and discounts. However, Allstate offers more unique discounts and broader coverage options.

Also, Allstate’s MileWise program and Drivewise program provide innovative ways to save on car insurance. Therefore, Allstate is the better option in terms of coverage and discounts.

Allstate Auto Insurance

Types of Coverage

Allstate’s standard coverage includes liability, collision, and comprehensive. Liability coverage protects you from legal and financial responsibilities resulting from bodily harm or property damage to other people.

Collision coverage covers damages from an accident, while comprehensive coverage covers non-collision damages like theft, flood, or fire. Allstate also provides additional coverage options such as

Roadside Assistance,

Rental Car Reimbursement, Classic Car Insurance, and MileWise pay-per-mile insurance.

MileWise Pay-Per-Mile Insurance Program

MileWise is a usage-based insurance program that charges you based on how much you drive, as opposed to a flat rate. To enroll, you must install the MileWise app on your phone or other device.

You then pay a low monthly base rate, plus a per-mile rate. Clients who drive less will get discounts, while frequent drivers may experience rate increases.

Drivewise Program

Drivewise is another innovative program that helps safe drivers save on car insurance. The app monitors your driving and rewards you for safe behavior.

You get an initial discount for signing up and can earn additional savings every six months by driving safely.

Allstate Rewards

Allstate Rewards is a program that rewards safe drivers with points redeemable for discounts on merchandise and gift cards. The app tracks your driving behavior and awards points for safe practices like avoiding hard stops, avoiding late-night driving, and many others.

Bundling Options

Allstate provides several bundling options with other insurance policies, such as homeowners, renters, condos, motorcycles, business, and life insurance. This bundling option allows clients to get discounts on both policies as opposed to purchasing each individually.

Liberty Mutual Auto Insurance

Types of Coverage

Liberty Mutual’s coverage options include liability, collision, and comprehensive, like Allstate. Additionally, they offer

Original Parts Replacement Coverage and

Better Car Replacement coverage. The

Original Parts Replacement Coverage replaces damaged parts in accidents with original manufacturer parts of the same quality. On the other hand,

Better Car Replacement Coverage provides reimbursement for a new car if your current one is severely damaged in an accident.

Liberty Mutual Deductible Fund

The

Liberty Mutual Deductible Fund is one innovative feature that sets it apart from Allstate. This program rewards safe drivers by reducing their deductible each year.

Clients who enroll in Liberty Mutual’s deductible Fund start with a $100 reduction in their comprehensive and collision deductibles. Additionally, for every year without an accident, the amount increases by $100, up to a maximum of $500.

Bundling Options

Liberty Mutual provides bundling options with homeowners, renters, and condos. When purchasing both policies, clients receive discounts on their premiums.

Insurance Rates

Allstate’s Basic Coverage

Allstate’s basic coverage rates start from $777 per year on average. However, rates vary based on location, driving history, age, type of vehicle, and coverage options.

Liberty Mutual’s Basic Coverage

Liberty Mutual’s basic coverage rates start from $694 per year on average. However, rates vary based on location, driving history, age, type of vehicle, and coverage options.

Discounts

Both insurers offer discounts for various measures. Example of Allstate’s discounts includes accident forgiveness, new car discount, multi-policy discount, safe driver discount, anti-theft discount, and teen driver discount.

On the other hand, Liberty Mutual’s discounts include teacher and student discounts, military discounts, and affiliation discounts. Both insurers also offer multi-car discounts, good driver discounts, and anti-theft device discounts.

Claim Experience

According to J.D. Power’s 2020 U.S. Auto Claims Satisfaction Study, Liberty Mutual ranks second among major insurers. On the other hand, Allstate ranks below average.

Regarding the claims process, Liberty Mutual offers a fast and straightforward process. Clients can file claims online or over their phones, track the progress, and schedule an appointment with a repair shop.

Credit Score Requirements

Credit scores have a significant impact on car insurance rates. Both Allstate and Liberty Mutual use credit scores when setting rates.

Maintaining an excellent credit score can help you pay less for auto insurance rates. Individuals with excellent credit scores often get discounts and lower insurance rates.

Choosing Between Allstate and Liberty Mutual

Choosing the best auto insurer can be challenging. Both Allstate and Liberty Mutual provide quality coverage and discounts.

By comparing Allstate and Liberty Mutual’s coverage, discounts, bundling options, rates, claim experience, and credit score requirements, we have concluded that Allstate is the better choice due to its comprehensive coverage options and low rates. However, clients should consider their requirements and budget to select the best insurer.

Liberty Mutual auto insurance has been in existence for over 100 years. The insurer provides comprehensive coverage and discount options, making it possible for clients to choose policies that suit their needs.

In this article, we will explore the different offerings by Liberty Mutual, including types of coverage, the Deductible Fund, discounts, and special coverage options.

Types of Coverage

Liberty Mutual offers various coverage types, including liability, medical payments, personal injury protection (PIP), uninsured motorist, collision, comprehensive, lifetime repair guarantee, new car replacement, better car replacement, rental car reimbursement, roadside assistance, gap coverage, original parts replacement, teacher’s auto coverage, Mexico car coverage, accident forgiveness, and much more. Liability coverage protects you from legal and financial responsibilities resulting from injuries or damages you cause to other people.

Medical payments coverage takes care of medical expenses for you and your passengers, while PIP provides additional coverage for medical expenses and lost wages. Uninsured motorist coverage protects you from damages or injuries caused by other drivers without insurance.

Collision coverage covers car damages from an accident, while comprehensive coverage covers non-collision damages like theft, fire, or flood.

Lifetime Repair Guarantee

With Liberty Mutual’s lifetime repair guarantee, clients receive repair shops or glass rebuilders that guarantee the quality of their work. This guarantee also extends to the parts used and will stay in effect for as long as you own the car.

New Car Replacement

New car replacement coverage applies to cars less than a year old and offers to repair or replace any parts less than a year old from the manufacturer. This means that clients can expect to receive a brand new car in case of severe damages.

Better Car Replacement

Better car replacement coverage provides reimbursement for a new car if your current one is severely damaged in an accident. The insurer will cover the difference of the actual cash value and the replacement value of the car.

Rental Car Reimbursement

Liberty Mutual provides rental car reimbursement coverage to customers who need alternative transportation while their car is under repair. This coverage is only available to clients who use a repair facility approved by Liberty Mutual.

Roadside Assistance

Liberty Mutual provides 24-hour roadside assistance for clients experiencing roadside challenges like dead batteries, flat tires, towing, lost or locked keys, and fuel delivery.

Gap Coverage

This coverage is available to clients financing or leasing cars that experience total loss of the car. It covers the difference between the car’s value and the amount you owe on the car.

Original Parts Replacement

Original Parts Replacement coverage replaces damaged parts in accidents with original manufacturer parts of the same quality. This ensures that the car retains its original functioning and appearance.

Teachers Auto Coverage

Liberty Mutual offers exclusive auto coverage to teachers. The program provides additional coverage for teachers on the policy, such as vandalism loss protection, collision coverage for personal use, and more.

Mexico Car Coverage

Mexico car coverage is exclusive to clients traveling to Mexico using their car. This coverage protects you from financial and legal responsibilities resulting from accidents or injuries caused by your car while in Mexico.

Accident Forgiveness

This coverage forgives your first accident, and your rates remain unchanged. This means that your rates will not increase after a first accident.

Discounts and Special Coverage Options

Liberty Mutual provides plenty of discounts and special coverage options for its customers. Below are the top discounts and special coverage options that the insurer provides.

Liberty Mutual’s Teacher and Military

Discounts

Liberty Mutual provides exclusive auto coverage to teachers and members of the military. The Teacher Car Insurance program provides discounts and special features like personal liability, collision coverage, and more.

Likewise, the Military Car Insurance program offers similar benefits and discounts.

Accidental Death Indemnity

Accidental death indemnity covers accidental death and dismemberment of the policyholder. It provides a lump sum up to $250,000 to the policyholder’s beneficiary.

Travel to Mexico Coverage

Travel to Mexico coverage provides liability coverage to clients traveling to Mexico by car. The program covers liability for damages or injuries caused by the policyholder’s car while in Mexico.

Better Car Replacement Coverage

Better car replacement coverage provides reimbursement for a new car if your current one is severely damaged in an accident. The insurer will cover the difference of the actual cash value and the replacement value of the car.

Original Parts Replacement Coverage

Original parts replacement coverage replaces damaged parts in accidents with original manufacturer parts of the same quality. This ensures that the car retains its original functioning and appearance.

Choosing between Allstate and Liberty Mutual

When deciding between Allstate and Liberty Mutual, several factors need consideration. These include unique coverage and discount options, premium rates, customer satisfaction rankings, and credit score requirements.

Regarding coverage and discounts, both insurers provide unique options. However, Liberty Mutual provides more specialized coverage options, such as teacher and military discounts.

Allstate offers more innovative usage-based programs, such as the MileWise program and the Drivewise program. Concerning premium rates, Liberty Mutual offers more competitive rates than Allstate.

However, the rates will vary depending on the type of coverage, driving history, age, vehicle type, and location. When comparing customer satisfaction rankings, according to J.D. Power’s 2020 U.S. Auto Claims Satisfaction Study, Liberty Mutual ranks higher among major insurers than Allstate.

Lastly, credit scores impact insurance rates for both insurers. Maintaining an excellent credit score can help you receive discounts and lower insurance rates.

Both Allstate and Liberty Mutual factor in credit scores when setting rates. In conclusion, both Allstate and Liberty Mutual are excellent insurers that provide quality coverage and discounts.

However, when choosing between the two insurers, clients should consider their unique needs, budget, credit score, and location, among other factors. It is always wise to compare insurers, rates, and coverage options before settling on the best insurer.

Auto insurance is a vital requirement for all car owners, and choosing the right carrier can have a significant impact on your finances and car protection. This article compared two popular insurers, Allstate and Liberty Mutual, highlighting the types of coverage, available discounts, claim experience, credit score requirements, and how to choose between them.

Allstate and Liberty Mutual offer different coverage and discount options, so it’s crucial to consider your unique coverage needs and budget. It’s also essential to compare rates, customer satisfaction rankings, and credit score requirements.

By doing so, you can select the right insurer that best suits your budget and provides the coverage you need to protect you and your car.

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