Liberty Mutual vs. Progressive

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Liberty Mutual is a Boston-based insurance carrier with over 4% of private passenger auto market share. This makes it the sixth-largest auto insurance provider in the country. The carrier began writing auto insurance policies in 1912 and now offers a broad assortment of insurance products.

Progressive is also a provider of numerous insurance products and is even larger than Liberty Mutual. Founded in 1937, Progressive is now the third-largest auto insurance provider — behind State Farm and Geico — with over 13% of private passenger auto market share. Today, Progressive is known for innovative online resources and tools and budget-friendly payment options.

Liberty Mutual vs. Progressive: car insurance rates comparison

When comparing Liberty Mutual vs. Progressive, it’s helpful to note that both providers offer similar features, such as a variety of coverage options and discounts. Both carriers also score below the industry average in the 2020 J.D. Power survey for customer claims satisfaction. While both are financially strong with either an A or A+ rating through AM Best, both companies leave room to earn higher marks with Bankrate’s proprietary scoring system.

Car insurance company Bankrate Score AM Best J.D. Power Average annual premium for minimum coverage Average annual premium for full coverage
Liberty Mutual 3.9 A 867/1,000 No rate data available No rate data available
Progressive 4.1 A+ 856/1,000 $582 $1,509

Rates by credit score

Your credit rating often has a bearing on how much your auto insurance policy will cost, except in California, Hawaii and Massachusetts. “Excellent” and “good” credit ratings typically qualify you for lower premiums versus someone with an “average or “poor credit rating”.

Car insurance company Poor Average Good Excellent
National average $3,873 $1,865 $1,674 $1,487
Progressive $2,979 $1,629 $1,509 $1,121

Rates by age

Age is one of many factors which could either increase or decrease your premiums. 18-year-old drivers usually pay the most for car insurance due to limited driving experience and generally having their own auto insurance policy, but rates tend to decrease once a driver turns 25. However, California, Hawaii and Massachusetts do not factor age in the underwriting process.

Car insurance company Age 16* Age 18 Age 25 Age 30 Age 40 Age 60
National Average $2,531 $5,243 $2,108 $1,850 $1,674 $1,544
Progressive $1,955 $6,287 $1,796 $1,668 $1,509 $1,302

*16 year old cost when added to parents’ policy, 18-year-old renter

Rates by driving record

Like with almost all other carriers, the best way to help obtain the lowest premiums is to maintain a clean driving record. If you receive a speeding ticket, charged with an accident or a DUI conviction, you should expect your rates to increase due to increased insured risk. In some cases, the rates could double with a DUI conviction.

Car insurance company Clean driving record Speeding ticket Accident DUI conviction
National average $1,674 $2,062 $2,311 $3,139
Progressive $1,509 $1,826 $2,231 $1,933

Liberty Mutual vs. Progressive: discounts

For savings opportunities with Progressive vs. Liberty Mutual, both provide an expansive list of discounts, many of which are relatively simple to qualify for. Both provide the typical discounts such as bundling with another policy, multi-vehicle and loyalty discounts. Both carriers provide a discount simply for signing up for coverage online.

Liberty Mutual

  • Accident-free — Each year you drive without an at-fault accident gives you the opportunity to earn a bigger discount.
  • Alternative fuels — If you drive an electric or hybrid vehicle, you could earn an alternative fuels discount.
  • Advanced safety features — If your vehicle is equipped with additional safety features, such as airbags and anti-lock brakes, you could earn a discount. Adaptive headlights and electronic stability control are two other safety features that might earn higher discounts.

Progressive

  • Online quote — You could receive a discount if you go through the quote process online. Even if you finish booking your policy with an agent, the discount generally still applies.
  • Automatic payments — Whether you pay in monthly or quarterly installments, you may be eligible to receive a discount if you have your premium drafted automatically.
  • Homeowner — If you own a home, you could be eligible to receive a discount. The discount may apply even if you do not insure your home through Progressive.

Liberty Mutual vs. Progressive: online and mobile experience comparison

Both Liberty Mutual and Progressive offer a full suite of features with the online portal and mobile app. With both, you have access to make payments, make changes to your policy and request roadside assistance. The Progressive app can put you in touch with your agent or claims representative if you need further assistance.

Liberty Mutual

  • App store 4.8/5 — Liberty Mutual receives high marks for the Apple version of the app. User feedback reflects an appreciation for the app’s ease of use, navigation and wide range of functionality throughout the app.
  • Google Play 4.5/5 — The Android version also receives votes of confidence from thousands of users. The app also guides users through the claim process, including taking the proper photos, which can come in handy if you are processing a claim.

Progressive

  • App store 3.5/5 — The Progressive app does not receive the highest ratings, especially compared to other insurance apps. It appears most of the user complaints are related to issues with policies and not with the actual app itself.
  • Google Play 4.1/5 — The Android version offers as many features as the Apple version, which is a positive. Many of the negative comments are related to the Progressive Snapshot, causing the app to run too slow.

Frequently asked questions

Is Liberty Mutual cheaper than Progressive?

The best way to confirm if Liberty Mutual is cheaper than Progressive is to obtain a quote based on your circumstances. You can figure the exact cost by inputting your information, such as discounts you qualify for and your driving history, and finalizing the process with a licensed agent.

What is the average cost of car insurance?

The average cost of auto insurance is $1,674 annually for a full coverage policy. However, your rates may be higher or lower than this, depending on your driver profile, ZIP code, coverage options and several other factors.

Can I switch auto insurance companies at any time?

Yes, you can switch to a new auto insurance provider at any point, which is often an excellent way to save more money. When you do switch providers, be sure to have a new policy in effect before cancelling the old one to prevent a lapse in coverage.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base), and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining auto insurance rates: CA, HI, MA

Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. 16-year-old rates were factored as the added cost to their parents’ policy; 18-year-old rates were calculated as drivers who rent their primary residence.

Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction (BAC of >= .08) and lapse in coverage.

Written by
Sara Coleman
Insurance Contributor
Sara Coleman has three years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, Reviews.com, Coverage.com and numerous other personal finance sites. She writes about insurance products such as auto, homeowners, renters and disability.
Edited by
Insurance Editor