Liberty Mutual is so expensive because of agent commissions and rising costs overall for insurance companies. At $879 per year, the average Liberty Mutual car insurance policy is more expensive than the national average of $720 for a policy with minimum coverage.
Liberty Mutual insurance is even more expensive for drivers with certain characteristics, including young drivers and drivers who have recently caused an accident. For example, teenagers pay an average of $2,412 for Liberty Mutual insurance, compared to $891 for older drivers. Additionally, drivers who have recently had an at-fault accident pay an average of $1,488 for Liberty Mutual coverage, which is 69% more than drivers with a clean record.
Factors That Can Make Liberty Mutual Insurance More Expensive
- Commissions for agents
- Rising costs overall for insurance companies
- Being a young or inexperienced driver
- Purchasing a full coverage policy versus minimum coverage
- Causing an accident or being convicted of a moving violation
- Living in a high-risk ZIP code
- Driving an expensive vehicle
- Having a poor credit-based insurance score
If you’re struggling to afford your Liberty Mutual policy, there are ways for you to lower your rate. For example, you can take advantage of Liberty Mutual discounts or reduce your coverage. In some cases, it might be better to switch insurers altogether. It’s usually a good idea to compare quotes from at least three different insurers to see if you can find a better deal elsewhere. Each insurer uses its own algorithm to calculate premiums, so even if Liberty Mutual is charging you a high premium, you may be able to find a cheaper policy with another insurer.
To learn more, check out WalletHub’s Liberty Mutual insurance review.
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