Liberty Mutual vs. Nationwide Auto Insurance (2024)
Choosing between Liberty Mutual vs. Nationwide car insurance is difficult, so we examine Liberty Mutual vs. Nationwide auto insurance rates by age, driving record, and credit score for you. Nationwide insurance rates are cheaper than Liberty Mutual on all of our comparison points, but Liberty Mutual has a greater variety of discounts.
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Joel Ohman
Certified Financial Planner
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joe...
Certified Financial Planner
UPDATED: Nov 1, 2024
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- Nationwide insurance rates are cheaper than Liberty Mutual insurance rates
- The two companies have similar Better Business Bureau ratings
- Although Liberty Mutual and Nationwide have great financial ratings, Nationwide scores slightly higher
Both Liberty Mutual and Nationwide are on the list of the top 10 best auto insurance companies, but which company is the best option based on your personal characteristics?
We’ll compare Liberty Mutual vs. Nationwide auto insurance rates based on age, driving record, and credit history to see which one can give you the best deal.
We’ll also compare available discounts and ratings from agencies with a credible and trustworthy view of Liberty Mutual vs. Nationwide auto insurance companies.
Keep reading to compare Liberty Mutual vs. Nationwide auto insurance coverages, or enter your ZIP code to compare car insurance quotes from multiple companies in your area.
Is Liberty Mutual auto insurance or Nationwide auto insurance cheaper?
Many different factors go into determining your auto insurance rates, including your age, gender, marital status, driving record, and credit history.
These factors will help determine how affordable Liberty Mutual vs. Nationwide car insurance is for you.
First, we’ll compare Liberty Mutual vs. Nationwide auto insurance rates based on demographics.
Liberty Mutual vs. Nationwide Average Annual Auto Insurance Rates by Age
| Age, Gender, and Marital Status | Liberty Mutual Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Single 17-year-old female | $9,875.56 | $5,431.46 |
| Single 17-year-old male | $12,181.54 | $6,815.00 |
| Single 25-year-old female | $3,287.35 | $2,431.91 |
| Single 25-year old male | $3,502.13 | $2,739.66 |
| Married 35-year-old female | $3,085.88 | $2,202.69 |
| Married 35-year-old male | $3,179.88 | $2,214.18 |
| Married 60-year-old female | $2,706.04 | $1,987.35 |
| Married 60-year-old male | $3,088.10 | $2,005.06 |
Nationwide is cheaper than Liberty Mutual no matter the age, gender, or marital status of the driver.
One of the most significant factors used to determine your auto insurance rates is your driving record. Accidents, tickets, and DUIs can cause your rates to skyrocket.
Liberty Mutual vs. Nationwide Average Annual Auto Insurance Rates by Driving Record
| Driving Record | Liberty Mutual Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Clean record | $4,774.30 | $2,746.18 |
| With 1 accident | $6,204.78 | $3,396.95 |
| With 1 DUI | $7,613.48 | $4,543.20 |
| With 1 speeding violation | $5,701.26 | $3,113.68 |
Liberty Mutual is thousands of dollars more expensive than Nationwide regardless of your driving record.
It might surprise you that your credit history is factored into your auto insurance rates. Insurance companies believe you’re more likely to pay for damages out of pocket rather than filing a claim if you have a higher credit score.
Liberty Mutual vs. Nationwide Average Annual Auto Insurance Rates by Credit History
| Credit History | Liberty Mutual Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Good | $4,388.18 | $2,925.94 |
| Fair | $5,604.24 | $3,254.83 |
| Poor | $8,802.22 | $4,083.29 |
Once again, Nationwide is the cheaper option for all credit scores. Drivers with bad credit will pay the most with either company.
You may live in a state, such as California, where basing auto insurance rates on credit scores is illegal. Check your state’s laws before judging Liberty Mutual vs. Nationwide auto insurance rates based on credit score alone.
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Does Liberty Mutual or Nationwide have better auto insurance discounts?
Auto insurance discounts can save you money. Most auto insurance companies offer discounts such as multi-vehicle and good student discounts and even allow you to combine multiple discounts for more savings.
The table below compares Liberty Mutual vs. Nationwide auto insurance discounts. If the amount of the discount is known, that’s included as well. You can use this information to determine which company might give you the best deal.
Liberty Mutual vs. Nationwide Auto Insurance Discounts
| Auto Insurance Discounts | Liberty Mutual (%) | Nationwide (%) |
|---|---|---|
| Adaptive Cruise Control | 5 | x |
| Adaptive Headlights | 5 | x |
| Anti-lock Brakes | 5 | 5 |
| Anti-Theft | 20 | 25 |
| Claim Free | x | 10 |
| Daytime Running Lights | 5 | 5 |
| Defensive Driver | 10 | 5 |
| Distant Student | N/A | 10 |
| Driver's Ed | 10 | N/A |
| Driving Device/App | 30 | 40 |
| Early Signing | N/A | 8 |
| Electronic Stability Control | 5 | x |
| Family Plan | N/A | 25 |
| Federal Employee | 10 | N/A |
| Forward Collision Warning | 5 | x |
| Full Payment | $5 | N/A |
| Further Education | 10 | 15 |
| Good Credit | N/A | x |
| Good Student | 22.5 | 10 |
| Green Vehicle | 10 | N/A |
| Homeowner | x | 5 |
| Lane Departure Warning | x | x |
| Life Insurance | N/A | x |
| Low Mileage | x | x |
| Loyalty | N/A | 5 |
| Married | x | x |
| Membership/Group | 10 | 7 |
| Military | 4 | N/A |
| Multiple Policies | 20 | 10 |
| Multiple Vehicles | 10 | 20 |
| New Address | 5 | N/A |
| New Customer/New Plan | x | N/A |
| New Graduate | 5 | N/A |
| Newer Vehicle | N/A | x |
| Newly Licensed | 5 | N/A |
| Newlyweds | 5 | N/A |
| Occupation | 10 | 15 |
| Paperless Documents | N/A | 5 |
| Paperless/Auto Billing | x | $30 |
| Passive Restraint | x | 20 |
| Recent Retirees | 4 | N/A |
| Safe Driver | N/A | 35 |
| Stable Residence | N/A | x |
| Students & Alumni | 10 | 7 |
| Switching Provider | 10 | N/A |
| Vehicle Recovery | 35 | 25 |
| VIN Etching | 5 | x |
| Young Driver | x | N/A |
Although the two companies offer many of the same discounts, there are some differences.
For example, Liberty Mutual offers a military discount and Nationwide doesn’t. However, Nationwide offers a loyalty discount and Liberty Mutual does not.
You can also call the Liberty Mutual customer service number or Nationwide customer service number to ask about additional discounts.
How do Liberty Mutual and Nationwide compare on financial strength and customer satisfaction?
A.M. Best ranks companies based on how financially stable they are. Liberty Mutual received an A rating, meaning it has an excellent ability to meet its obligations.
Nationwide received an A+ rating, showing it has a superior ability to meet its obligations.
Both Liberty Mutual and Nationwide are accredited with the Better Business Bureau and received A+ ratings, which should make you feel safer when choosing between Liberty Mutual vs. Nationwide auto insurance.
J.D. Power ranked both companies for customer satisfaction based on factors like what is offered, billing, price, and the claims process. Both Nationwide and Liberty Mutual customer service ranked at or below average.
Does Liberty Mutual or Nationwide have the better mobile app?
Most of the large auto insurance companies offer an app that enables customers to view their policy, make changes, and pay their bills.
There are also telematics apps and devices that evaluate your driving for a discount. The telematics program offered by Liberty Mutual is named RightTrack, while the one provided by Nationwide is known as Nationwide SmartRide.
Usually, your Liberty Mutual login or Nationwide login will work with both the general app and telematics app.
You can even file Liberty Mutual insurance claims or request Nationwide roadside assistance using the apps. You can also call the main Nationwide or Liberty Mutual insurance phone numbers when you need roadside assistance or help filing a claim.
Before you choose between Liberty Mutual vs. Nationwide auto insurance, enter your ZIP code to compare quotes from multiple car insurance companies in your area.
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Frequently Asked Questions
How can I obtain a quote from Liberty Mutual and Nationwide?
To obtain an insurance quote from Liberty Mutual, you can visit their official website and use their online quote tool. Alternatively, you can contact their customer service directly via phone and request a quote. Liberty Mutual also has a mobile app that allows you to manage your policy and obtain quotes.
Are Liberty Mutual and Nationwide financially stable?
Both Liberty Mutual and Nationwide are reputable insurance companies with a solid financial standing. Liberty Mutual is one of the largest insurance providers in the United States and has been in operation for over a century. Nationwide is also a well-established insurer with a long history in the industry. Both companies have strong financial ratings, indicating their ability to meet policyholder obligations and pay claims.
Do Liberty Mutual and Nationwide offer additional insurance products besides auto insurance?
Yes, both Liberty Mutual and Nationwide offer a wide range of insurance products beyond auto insurance. They provide coverage for homeowners, renters, motorcycles, boats, RVs, and more. Additionally, they offer various types of business insurance, including commercial auto, general liability, and property insurance. It’s advisable to check with each company or visit their websites to explore the full range of insurance products they offer.
How do Liberty Mutual and Nationwide handle claims?
Both Liberty Mutual and Nationwide have claims departments dedicated to assisting policyholders in the event of an accident or damage. They typically offer multiple avenues for reporting and initiating a claim, including phone, online claim submission, and mobile apps. Once a claim is filed, an adjuster will assess the damages and work with the policyholder to process the claim and provide the appropriate compensation. The specific claims process may vary slightly between the two companies, but both aim to efficiently handle claims and provide support to their customers.
Can I bundle my auto insurance with other insurance policies from Liberty Mutual or Nationwide?
Yes, both Liberty Mutual and Nationwide offer the option to bundle your auto insurance with other policies they provide. Bundling insurance policies, such as combining auto and homeowners insurance, can often lead to discounts and cost savings. Contact each insurer directly to inquire about the available bundling options and the potential benefits in terms of pricing and convenience.