GEICO vs Liberty Mutual Auto Insurance

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GEICO vs. Liberty Mutual: Which Company Should You Choose In 2020?

When it comes to selecting a particular auto insurance company, it can be challenging because different companies have different rates according to the each individual's age, driving history, and location. The two most widely used insurance companies are GEICO and Liberty Mutual and they offer some of the most competitive policies among the majority of the US.

As a result, we have collected and recorded the typical rates for both of these companies to make comparing them a bit easier. These policies and particular rates depend on a variety of factors such as age, credit rating, driving history, etc. Moving forward, take a close look at the rates to find the policy that best suits your budget.

If you want to read more, then check out our comprehensive reviews on GIECO and Allstate.

GEICO vs. Liberty Mutual: Rates by Credit Score

If you have a poor credit score, then it looks as though the best insurance company for you to go with is GEICO. They have cheaper rates when compared to Liberty Mutual for people who have scores below 580. Additionally, those shopping with a credit score of 800+, should also get insurance from GEICO because they provide cheaper policies for people who have excellent credit as well. If you have a credit score of 800+, then you will save approximately $728 every year if you choose GEICO over Liberty Mutual. We will now look at a comparison of various insurance rates according to credit levels for these two companies.

RATES BY CREDIT SCORE: Liberty Mutual vs. GEICO
Credit level GEICO avg. annual premium Liberty Mutual avg. annual premium
Very Poor (300-579) $2,054 $3,231
Fair (580-669) $1,361 $2,272
Good (670-739) $1,483 $2,112
Very Good (740-799) $1,116 $1,873
Exceptional (800-850) $1,069 $1,789

GEICO v.s Liberty Mutual: Rates For High-Risk Drivers

If you are a high-risk driver, then you may have reckless driving tickets, collisions caused by you, or speeding tickets on your record. In this case, it would be in your best interest to get insurance with GEICO compared to Liberty Mutual because they offer cheaper rates. Different insurance companies have different price structures when it comes to these driving violations, so you should compare them before choosing your next suitable car insurance company.

RATES BY VIOLATION: Liberty Mutual vs. GEICO
Violation Liberty Mutual average yearly premium GEICO avg. annual premium
At-Fault Accident (<$1,000 in Damages) $2,776 $1,857
At-Fault Accident (>$1,000 in Damages) $2,112 $1,580
Reckless Driving $3,459 $2,238
DWI/DUI $4,182 $2,550
Speeding ticket $2,068 $1,395

Comparison Of Rates According To Age For Liberty Mutual Vs. GEICO

One of the factors that many insurers use to calculate risk is the driver's age. Teenage drivers, due to their lack of experience, have a higher likelihood of getting into a car accident and therefore pay the highest premiums. However, the rates are generally cheaper for older drivers due to the lower probability of them getting into an accident. Different insurers have different price brackets according to age, and it's best to compare rates for this factor.

According to our research, we recommended that teenage drivers get insurance with GEICO as opposed to Liberty Mutual since they will save approximately $3,051 per year.

RATES BY AGE GROUP: Liberty Mutual vs. GEICO
Age Group Liberty Mutual Average Yearly Premium GEICO avg. annual premium
60+ $1,746 $1,065
50-59 $1,793 $1,160
40-49 $1,926 $1,189
30-39 $2,686 $1,218
20-29 $2,686 $1,438
16-19 $6,559 $3,508

Liberty Mutual and GEICO have their respective pros and cons that include multiple customer satisfaction reviews, discounts, financial stability, add on programs, and more. So, it is wise to get quotes from different insurance companies and then compare them before you finally decide on your auto insurance policy.

There are many discount factors that you should compare between Liberty Mutual and GEICO. Some of the discounts available are for anti-theft devices, brake systems, good students, driver training, green vehicles, and more.

Discount Comparison GEICO Liberty Mutual
Good Student
Multiply Policy
Multiple Vehicle
Anti-Theft Device(s)
Anti-Lock Brake System
Air Bag
Good Driver
Defensive Driver
Student Away At School
Driver Training
Green Vehicles
Affinity Membership Alum
Advanced Purchase
Pay in Full
Home Owner
eSign or ePay
Telematics
New Vehicle
Annual Mileage
Military
Specific Ratings Liberty Mutual GEICO
Financial Strength  Excellent Superior
JD Power Rankings 
3 out of 5
3 out of 5
User Satisfaction 
A+
N/A

GEICO and Liberty Mutual Both Include:

Other Products Liberty Mutual GEICO
Homeowners Insurance
RV Insurance
Condo Insurance
Boat Insurance
Mobile Home Insurance
Motorcycle Insurance
Travel Trailer Insurance
Renters Insurance
Life Insurance
Other Features GEICO Liberty Mutual
About GEICO, in particular, doesn't completely rely on agents and uses a direct to consumer model to get sales. Liberty Mutual, on the other hand, allows you to buy premiums online, which can help you to get an additional discount. They even have customizable discounts where you only pay for the coverage you need.
Roadside Assistance GEICO offers roadside assistance through its app where you can request assistance on demand. Liberty Mutual has 24-hour assistance with towing, delivery of gas, etc.
Additional Discounts GEICO offers extra discounts for people who have vehicles with daytime running lights. They also offer accident forgiveness. Liberty Mutual has discounts for people who have just gotten married, graduated, retired, moved, etc.

GEICO vs Liberty Mutual: Frequently Asked Questions

What insurance advice can you give for a teenager who is purchasing a used vehicle that will eventually be paid off?

Unfortunately, the typical insurance policy for a teenager who wants their own separate policy is quite costly. You can expect to pay over $3,400, much higher than the national average. As a result, we recommened adding a teenager to an adult's policy, which in turn will greatly reduce the premium.

Is it possible to get accident forgiveness even after an accident has occurred?

Unfortunately, this is not possible. Although rules differ amongts providers, its generally set up for you to drive without getting into any accidents for a couple of years.

If my child has gotten into an accident due to driving under the influence and I want to sell the vehicle as well as remove him from my policy, is it necessary to inform GEICO of this?

You will need to do so if you intend to repair the car using your insurance policy. Removing him from the policy will decrease the affect on your coverage but you will still be affected.

Is it true that State Farm matches the quotes of other insurers?

No. There are many factors that affect how an insurance company decides rates but they do not match other companies pricing.

What is the difference between accident forgiveness and a vanishing deductible?

Basically, if you have not had an accident for at least five years with any insurance company, Liberty Mutual will offer accident forgiveness but only for your first accident. That means that they won't raise your premium, and it actually applies to everyone under your policy/household, which includes teenagers.

After a $25 towing claim, my rate increased. Why did this happen?

This occurred because insurers calculate your rate according to the amount of risk that they have to pay a claim. Once you sent a claim for the towing you became more of a risk because a smiliar situation may arrise in the future.

Is it possible to get refunded for premiums that I was made to pay after a car accident?

This is a case by case situation and depending on your circumstance and provider you may or may not be elegible for any refunds.

What do I do if the insurance company does not pay me back?

It is best to speak directly with an agent to see what may have occured with your specific account and policy.