Deciding on an auto insurance company is sometimes difficult: companies' rates vary based on your location, age, and driving history, and companies offer an array of perks. Farm Bureau Mutual and Liberty Mutual are two of the most popular insurance companies, offering high-quality policies in most American states.
In an effort to make insurance shopping seamless, we gathered average premiums from Liberty Mutual and Farm Bureau Mutual. These take into consideration myriad pricing components, including credit history, driving record, and age. Check out the below rates and find the perfect policy for you.
If you have very poor credit, Farm Bureau Mutual could be the way to go. Typically, Farm Bureau Mutual offers more affordable rates than Liberty Mutual for prospective clients with credit scores of lower than 580. Insurance shoppers with exceptional credit — a score of 800 or better — should opt for Farm Bureau Mutual, which typically beats Liberty Mutual by $929 per year. View typical insurance rates by credit score for Liberty Mutual and Farm Bureau Mutual:
|Credit level||Farm Bureau Mutual avg. annual premium||Liberty Mutual avg. annual premium|
|Very Poor (300-579)||$1,780||$3,228|
|Very Good (740-799)||$932||$1,878|
If you're dealing with an at-fault accident, speeding violation, reckless driving violation, or DUI on your driving record, Farm Bureau Mutual could be a better choice than Liberty Mutual. Each car insurance company will handle driving offenses differently, so it's worth comparing quotes to figure out which insurance company suits you.
|Citation||Farm Bureau Mutual avg. annual premium||Liberty Mutual avg. annual premium|
|At-fault accident (damage < $1,000)||$1,224||$2,776|
|At-fault accident (damage > $1,000)||$1,294||$2,112|
Insurance companies use age to outline risk potential, pricing premiums accordingly. Insurance is usually more expensive for drivers younger than 25 — due to their increased odds of being involved in an accident — and relatively affordable for middle-aged drivers. Because every insurance company prices age brackets uniquely, it's a smart move to shop around.
As a general rule, teen drivers should choose Farm Bureau Mutual over Liberty Mutual: Farm Bureau Mutual offers average yearly savings of $3,792 versusLiberty Mutual.
|Age||Farm Bureau Mutual avg. annual premium||Liberty Mutual avg. annual premium|
Finances aside, Farm Bureau Mutual and Liberty Mutual both have pros and cons, including their discounts, perks, customer satisfaction ratings, and financial stability. Dive into the data before making your decision.
|Discount Comparison||Farm Bureau Mutual||Liberty Mutual|
|Anti-Lock Brake System|
|Student Away at School|
|Affinity Membership Alum|
|Pay in Full|
|eSign or ePay|
|Ratings Comparison||Farm Bureau Mutual||Liberty Mutual|
|JD Power Rankings||N/A||Average|
|Other Products||Farm Bureau Mutual||Liberty Mutual|
|Travel Trailer Insurance|
|Mobile Home Insurance|
|Other Features||Farm Bureau Mutual||Liberty Mutual|
|About||Farm Bureau Mutual of Iowa focuses on building trusted relationships and helping you protect what matters most, so they can help you find the right products at the right time as you work to achieve your goals.||Liberty Mutual's "Buy Online Now” option may qualify drivers for additional discounts. Liberty Mutual customizes its insurance offerings so drivers only pay for what they need.|
|Roadside Assistance||Farm Bureau Mutual offers 24/7 roadside assistance to members at no added expense. The company's Emergency Roadside Assistance coverage includes up to $100 for emergency service nationwide.||Liberty Mutual offers 24-hour Roadside Assistance — covering towing to the nearest qualified repair facility, fuel delivery, jump starts, and unlocking vehicle doors — with purchase of optional Towing & Labor coverage.|
|Additional Discounts||None Available||Liberty Mutual offers additional discounts such as Newly Independent, New Teen and Good Payer discounts. In addition, Liberty Mutual offers benefits like Accident Forgiveness. Liberty Mutual also allows drivers to lock in their rate for a full year.|
Why did my rate increase for a $25 towing claim?
Unfortunately, you were given the correct information. Insurance companies base their rates on the risk of having to pay any claim.Can I get a refund for premiums I was forced to pay after accident?
Unfortunately, I do not have any experience with this matter. It does seem like a major oversight on part of Liberty Mutual.What's the difference between a vanishing deductible and accident forgiveness
Let's first summarize the two: Accident Forgiveness with Liberty Mutual: If you're accident-free for five years (with any company), the company will forgive your first accident and not raise your rates. Furthermore, this policy can apply to all members of the household, including teenagers.See More Questions
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