Farmers vs. Liberty Mutual: Pros & Cons (2021)

Today we'll be covering Farmers vs. Liberty Mutual. Liberty Mutual is more expensive than its comparably sized competitors. It may be easier to find affordable auto insurance rates from Liberty Mutual, as Farmers offers fewer discounts than Liberty Mutual does. Finally, Liberty Mutual and Farmers are comparably rated by the Better Business Bureau and A.M. Best.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jul 18, 2021

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What You Should Know

  • Liberty Mutual is more expensive than their direct competition
  • Farmers insurance offers cheaper rates than Liberty Mutual
  • Both companies have similar ratings from BBB and A.M. Best

If you are with us today you are most likely looking for your next, or possibly first insurer. Choosing the right insurer and understanding auto insurance is a complicated process.

Farmers vs. Liberty Mutual: which auto insurance company is best for you? Before you learn more or buy auto insurance, type your ZIP code into our free and helpful tool above to find affordable auto insurance quotes in your area.

How do Farmers vs. Liberty Mutual rates compare?

When you are comparing insurers, you probably want to start with what is important to you: pricing. Let’s take a look at a table that will compare not only Farmers and Liberty Mutual rates but the rates for all of the biggest insurers as well.

Average Annual Auto Insurance Rates by Company
CompanyAverage Annual Auto Insurance Rates
American Family$3,699
Liberty Mutual$5,296
State Farm$2,731
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As you can see, of the 10 insurers shown, Liberty Mutual is the most expensive. It’s the most expensive by a substantial margin, with the next most expensive being over $700 cheaper.

Farmers, however, is more expensive than six of the other companies. So all in all, these are not two of the cheapest companies, but Farmers is cheaper than Liberty Mutual. Let’s move on to see how these companies measure up in terms of discounts.

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What discounts are offered through Farmers vs. Liberty Mutual?

If we stress anything, it is the importance of discounts in auto insurance. Ask your agent about any and all discounts you can accrue. Big insurers like the ones we’re covering offer a ton of them. Let’s take a look at a table that shows some of the major discounts available.

Discounts Provided by Major Auto Insurance Companies
CompaniesEmergency DeploymentFederal EmployeeForward Collision WarningMembership/GroupMilitaryMilitary GaragingOccupationRecent Retirees
21st Century
American Family
Country Financialxx
Liberty Mutualxxxxxx
Safe Autox
State Farmx
The Generalx
The Hanoverxx
The Hartfordxxxx
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As you can see, of the eight discounts shown, Liberty Mutual offers six. Liberty Mutual offers a discount for being a federal employee, being a member of a particular group (ask your Liberty Mutual agent if you qualify), being in the military, being recently retired, being in specific occupations, and having a forward-collision warning system in your vehicle.

Of the discounts shown above, Farmers offers three. They offer one for being a federal employee, one for being in the military, and one for being in specific occupations (ask your Farmers agent if you qualify). What’s great is a lot of these discounts are as simple as typing in your Farmers or Liberty Mutual login.

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Farmers vs. Liberty Mutual Company Ratings

We’ve covered pricing and discounts, let’s now cover company ratings. Financial strength ratings from companies like A.M. Best and the Better Business Bureau serve to make you comfortable about your choice of insurer.

Liberty Mutual Insurance is accredited by the Better Business Bureau at this time. They currently hold the strongest rating possible of A+. Farmers is also accredited with a rating of A+. How’d they do with A.M. Best?

A.M. Best has a rating scale ranging from A++ down to D. Liberty Mutual received the third-highest rating of A. A.M. Best also gave Farmers a rating of A, but this is currently under review. So with this information, we can say that these two companies are comparably rated.

How do you get auto insurance quotes? A great start is as simple as typing your ZIP code into our free and helpful tool below. Since it’s right here in front of you, it’s an easier task than calling a Liberty Mutual agent or the Liberty Mutual customer service department.

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