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Liberty Mutual vs GEICO

Car insurance is a variable priced product as opposed to many other consumer goods and services that are offered, more or less, at standard prices. The cost of your insurance will ultimately depend both on your own personal profile and the type of coverage you wish to buy. Your data profile includes such information as your driving safety record, your place of residence (will you mostly be driving in urban, suburban or rural locales?), your demographics (have you been driving for a long time or are you newly licensed?), and the type of vehicle you want to insure.

Regulated at both the state and local level in order to help ensure that consumers are doing business with financially solvent companies, auto insurance carriers will provide nonbinding, free price quotes to savvy shoppers who ask for them. And having price quotes upfront allows you to see which of them can give you the very best deal.

Virtually all car insurance companies can offer a variety of auto insurance products ranging from standard liability up to comprehensive packages protecting you from contingencies over and above collision and personal injury. When shopping for auto insurance, smart shoppers get free upfront quotes upfront and save money by doing so. At General.com our online platform can obtain free quotes for your car insurance needs and help you stretch your dollars.

Let’s Look Into Liberty Mutual

Liberty Mutual, formally known as the Liberty Mutual Group is a large, successful insurance company is included on Fortune magazine’s list of top 100 companies. They are headquartered in Boston, Massachusetts and employ over 50,000 people worldwide. A mutual company like Liberty means that policy holders themselves are considered the shareholders of the company - there are no publically traded shares in the firm.

The firm was founded in 1912 as the Massachusetts Employees Insurance Association and initially served the market for newly legislated workers compensation requirements. Liberty expanded its portfolio of services into auto insurance in 1917 and over the years branched out into yet other insurance products and financial services. The company if financially strong and has recently reported revenues of over $39 billion, and total assets of over $142 billion. In addition, they enjoy strong credit ratings from the major financial monitoring agencies.

Age GEICO avg. annual premium Liberty Mutual avg. annual premium
Teens $3,508 $6,559
20s $1,438 $2,686
30s $1,218 $2,686
40s $1,189 $1,926
50s $1,160 $1,793
60s $1,065 $1,746

What Discounts or Savings Can I get with Liberty Mutual?

If you’ve got a great driving record, you’re already ahead of the game because Liberty, like virtually all auto insurance carriers will reward safe drivers with better rates. In order to ensure that your rates from Liberty are the best you can do, you’ll want to see their option side by side with a competitor’s quote. You’ll want to make sure that the two quotes are for like to like policies. And if you are interested in acquiring additional insurance coverage options such as Emergency Road Service, Rental Reimbursements and others, you want to be able to be reassured that you are not paying more than you need to for them.

At General, we can get quotes for you through our user-friendly online web site to see what Liberty’s prices stack up against other car insurance providers.

Discounts Geico Insurance Company Liberty Mutual Insurance
Accident free
Bundling policies
Defensive driving course
First Responders
Good driver
Good student
Low mileage
Multiple vehicles
New car
Pay in full
Safe vehicle
Telematics program

Next, Let’s Look at GEICO.

Leo and Lillian Goodwin founded GEICO, actually the Government Employees Insurance Company, in 1936. The husband and wife team formed GEICO as a venture to peddle car insurance directly to employees of the federal government. In Depression era America, Leo and Lillian considered these workers them as a more stable customer base for their product.

Eventually they expanded their marketing efforts beyond federal workers and their business grew by leaps and bounds. By the early 1950’s future billionaire Warren Buffet, then a business student in New York City, bought his first shares of GEICO based on a tip from one of his professors. Years later Buffet’s famed Berkshire Hathaway holding company bought out the outstanding shares of GEICO where it remains today as part of his vast financial empire.

The company has a popular tagline that promises customer that they can save money by just giving GEICO “15 minutes” of their time. For years now, it has also run a revolving series of humorous, sometimes absurdist ad campaigns variously featuring camels, cavemen, lizards, singers and a host of other characters.

Will GEICO Offer Discounts and Savings?

Insurance products are unlike most other consumer goods in that they don’t charge all customers the same rates. GEICO’s premiums are determined by a number of different individual factors. They will consider things such as your residence, the number of years you’ve been driving, the age and make of your car, and most importantly, you driving safety record. In addition to these personal data points, GEICO offers many other coverage options you can avail yourself of. Altogether, GEICO factors these things make up a profile that they use to price their products for you.

Having a safe driving record will get you better rates but, for those of us with less than perfect records, don’t worry. You can still get coverage. Shoppers should do their due diligence to see if GEICO offers affiliation discounts for membership in the armed services, good student discounts and perhaps other ways to reduce your costs. You also need to assess what level of financial coverage you are seeking and fits within your budget.

The General.com platform can help you to organize and distribute your profile and coverage requirements to companies like GEICO easily and get you the free quote that you can use to compare to other carriers. Don’t\y pay more money just because you didn’t shop around.

Liberty vs GEICO – Which Is the Insurer for Me?

Smart consumers know that they should shop and compare in order to get the most bang for the buck. Until you have real life quote sin hand, based on coverage levels and personal profile data it is difficult to determine which carrier has the most economical deal for you. It would be too simplistic to say blindly that either Liberty or GEICO is cheaper.

Remember, free price quotes will help you figure out who can save you the most money for your auto insurance. Compare companies side by side – make them compete for your car insurance dollars.

The Bottom Line for Car Insurance Savings

Let General.com be the online tool to get that best possible deal by easily getting free car insurance quotes. Our web site streamlines the process for getting the free quotes that will allows you to do side by side comparisons of insurance prices. Click a few onscreen button clicks and you’re on your way to reducing your auto insurance costs.

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