Liberty Mutual and Progressive both rank among the largest insurance companies by market share in the U.S.1 Reassuring financial strength and memorable TV ads help these companies stay on top. However, both companies have their own trade-offs to consider.
For example, Progressive offers lower average rates than Liberty Mutual. But Liberty Mutual offers more coverage options than Progressive.
As you explore your options, it’s helpful to take a close look at the details of both companies. Here’s what you need to know about Progressive’s and Liberty Mutual’s rates, customer service, coverage options, and discounts to help you make the right choice for your situation.
On average, Progressive offers lower liability-only quotes to drivers than Liberty Mutual. But both companies offer average rates cheaper than the national average. Some drivers may find lower rates with Liberty Mutual. For example, Liberty Mutual has lower average rates than Progressive for drivers with an at-fault accident or speeding ticket.
But Progressive had fewer complaints with the National Association of Insurance Commissioners (NAIC) than Liberty Mutual, indicating drivers may be more satisfied with Progressive overall.
In terms of coverage options, Liberty Mutual offers helpful coverage add-ons, like new-car replacement and accident forgiveness. But Progressive offers more robust coverage options, including rideshare coverage, pet injury coverage, gap coverage, and trip interruption coverage.
Liberty Mutual is the sixth-largest insurance company in the country by market share.1 The insurer has a below-average customer satisfaction score and higher average rates than Progressive.
Progressive is the second-largest insurance company in the U.S. by market share.1 While it has slightly better customer satisfaction scores, it also offers lower average rates and boasts fewer NAIC complaints.
Liberty Mutual’s RightTrack and Progressive’s Snapshot both offer an opportunity for safe drivers to get discounts on their insurance premiums.
Liberty Mutual’s RightTrack program offers a 10% discount for enrolling. But if you stick to safe driving habits during the 90-day evaluation period, you could earn a discount of up to 30% off your premium. If you have risky driving habits, your insurance premiums might increase. The telematics program runs through the Liberty Mutual mobile app.
Progressive’s Snapshot program boasts more than $1.2 billion in discounts. On average, Progressive drivers save $231 per year with Snapshot. You’ll also get a discount for signing up, which averages $94 per year. Drivers who sign up for the program allow Progressive to track their driving habits through either a mobile app or a plug-in device.
Auto insurance companies take many factors into account when determining your premiums, including your age, ZIP code, marital status, driving record, vehicle safety features, and more.2
With these variables, the cost of car insurance premiums can vary dramatically based on your situation. But for many drivers, Progressive offers cheaper premiums than Liberty Mutual.
Overall, drivers find lower premiums for their insurance policy with Progressive than Liberty Mutual.
After a speeding ticket, drivers tend to pay higher insurance premiums. On average, Liberty Mutual offers lower rates to drivers with a speeding ticket.
With less experience behind the wheel, young drivers typically pay the most for car insurance. But on average, Progressive offers lower average auto insurance premiums than Liberty Mutual for teen drivers.
Drivers with bad credit usually find cheaper car insurance premiums with Progressive than Liberty Mutual. But in general, drivers with poor credit face higher rates than drivers with good credit.
Senior drivers can find lower auto insurance premiums with Progressive. However, shopping around can help mature drivers find the most affordable coverage options for their particular situation.
Liberty Mutual and Progressive are both major insurance companies that offer standard insurance options, like bodily injury liability, property damage liability, personal injury protection, uninsured/underinsured motorist coverage, collision, and comprehensive.
Beyond the basic coverage options, these companies also offer extra coverages. For example, Progressive offers rideshare coverage but Liberty Mutual doesn’t.
Liberty Mutual and Progressive both offer plenty of discount opportunities to drivers. If you qualify for a discount, you lock in cheaper car insurance rates.
Although car insurance discounts vary, Progressive and Liberty Mutual offer a similar number of discounts. For example, both insurers offer a discount for bundling your car insurance coverage with another insurance product, like home or life insurance.
The table below highlights which discounts Liberty Mutual and Progressive offer.
Learn how to switch your car insurance in a few easy steps, and check out the answers to common questions about comparing Liberty Mutual and Progressive below.
The right insurance company varies based on your unique situation. Progressive earned a slightly higher IQ Score than Liberty Mutual, but the two companies are very similar. Get quotes from both companies for the coverage you need to see which offers better rates.
Progressive offers cheaper average rates than Liberty Mutual. However, your auto insurance premiums depend on your unique driver profile. Take time to get multiple quotes to find the cheapest option for your situation.
No. Although both are among the largest insurance companies in the United States, Liberty Mutual and Progressive are two separate insurance companies.
With an AM Best rating of A, Liberty Mutual is financially stable and capable of paying claims. However, the company earned a below-average customer satisfaction rating in the J.D. Power 2023 U.S. Auto Claims Satisfaction Study.3
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