Which company is better: GEICO or Liberty Mutual?

The decision to choose GEICO or Liberty Mutual depends on your specific needs. GEICO typically offers lower rates and better discounts, but Liberty Mutual provides more straightforward savings and unique coverages, like new-car replacement and gap insurance.

Which company is cheaper: GEICO or Liberty Mutual?

GEICO is the cheaper option when comparing average premiums. It has lower monthly rates across various driver profiles, including people with clean driving records, speeding tickets, or poor credit. Liberty Mutual tends to have higher costs, but its clear-cut discounts might appeal to some customers.

Which insurer is GEICO’s biggest competitor?

State Farm is GEICO’s top competitor. As the largest car insurance company in the U.S., State Farm holds a larger market share, with 17%, compared to GEICO’s 14%. Both car insurance companies are well-known for their variety of insurance products, competitive prices, and strong reputation.

Is Liberty Mutual good at paying claims?

Yes. Liberty Mutual is known for its reliability in paying claims despite a below-average score in J.D. Power’s 2023 U.S. Auto Claims Satisfaction Study. AM Best gives the company an A (Excellent) financial strength rating, the third-highest of 16 financial strength levels, indicating a solid ability to meet its insurance obligations.

GEICO vs. Liberty Mutual: Which Is The Best? (2024)

Name: Car Insurance
Brand: GEICO
Price: 54 USD
Availability: InStock
Rating: 4 (5648 reviews)

The verdict
GEICO
Liberty Mutual
DriveEasy vs. RightTrack
Which is cheapest?
Compare coverages
Compare discounts
FAQs

The verdict
GEICO
Liberty Mutual
DriveEasy vs. RightTrack
Which is cheapest?
Compare coverages
Compare discounts
FAQs

Car insurance is a competitive market, and GEICO and Liberty Mutual are top contenders. GEICO, part of Berkshire Hathaway, Inc., is the third-largest insurer in the auto industry, with a 14% market share, while Liberty Mutual ranks sixth, holding 5%.^[1]

GEICO leads with lower average premiums, saving policyholders around $600 per year compared to Liberty Mutual. But while Liberty Mutual has agents in all 50 states and the District of Columbia, GEICO’s network doesn’t reach South Dakota, Vermont, and Wyoming.

Factors like rates, customer service, discounts, and coverage are crucial considerations before choosing an insurer. Always compare car insurance quotes from multiple insurance companies before buying a policy.

Quick Facts

Drivers can save more with GEICO, thanks to its various auto insurance discounts.
Customer satisfaction scores are high for GEICO but below average for Liberty Mutual.
Both Liberty Mutual and GEICO have telematics programs.

GEICO vs. Liberty Mutual: The verdict

GEICO has cheaper rates, with an average liability rate of $54 per month. Drivers with Liberty Mutual pay an average of $159 per month.

GEICO and Liberty Mutual provide similar discounts for military personnel, good students, and insuring more than one vehicle. GEICO has more discounts overall, but Liberty Mutual has unique discounts for being a homeowner and setting up paperless billing.^[2] ^[3]

When considering insurance coverage, both companies provide the usual options like liability coverage and full coverage, as well as roadside assistance and rental car coverage. GEICO stands out with its mechanical breakdown insurance, which Liberty Mutual doesn’t have. But Liberty Mutual offers gap insurance and new car replacement coverage you won’t find at GEICO.^[4] ^[5]

Factor ▲▼	GEICO ▲▼	Liberty Mutual ▲▼
Insurify Quality (IQ) Score	9.0	7.7
J.D. Power customer satisfaction score	818 out of 1,000	799 out of 1,000
Average quote: liability only	$54	$159
Number of available discounts	16	13
Number of states where it operates	50	50

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

How Insurify rates insurance companies
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
- Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
- Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
- Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
- Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
- Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

GEICO

GEICO is the nation’s third-largest car insurance company. The company shines in customer satisfaction in New England and with its usage-based insurance, according to the J.D. Power 2023 U.S. Auto Insurance Study, yet falls slightly below average in auto claims satisfaction.^[6]

GEICO

Compare personalized, real-time quotes

User Reviews	3.1
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	9.0/10
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.	$54/mo
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.	$119/mo

Overview

GEICO, a subsidiary of the Berkshire Hathaway Group, is the third-largest U.S. insurer by market share. In addition to auto insurance, GEICO sells homeowners, renters, flood, travel, life, and business insurance, among other products. The insurer offers numerous car insurance discounts to help drivers save. For example, drivers who are accident-free for five years could earn 22% off premiums, and good students could earn 15% off. GEICO’s National Association of Insurance Commissioners complaint index score is below average, meaning it receives fewer consumer complaints than average.

Pros and cons

Pros

Good rates for good drivers, seniors, and young drivers
Accident forgiveness available
A+ (Superior) financial strength rating from AM Best

Cons

High rates for drivers with certain violations, like DUIs
No rideshare or new car replacement coverage available
Lower customer satisfaction scores from J.D. Power

Reviews (5,648)

Liberty Mutual

Although Liberty Mutual holds a smaller market share and ranks in the top 10 U.S. insurers, it consistently scores below average in J.D. Power’s 2023 U.S. Auto Insurance and U.S. Auto Claims Satisfaction studies.^[6]

Liberty Mutual

Compare personalized, real-time quotes

User Reviews	2.8
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	7.7/10
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.	$159/mo
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.	$258/mo

Overview

Liberty Mutual offers auto, homeowners, condo, renters, flood, life, and other insurance products. Auto policyholders can save with numerous discounts, including bundling, good student, military, student-away-at-school, claims-free, violation-free, and multi-car discounts. Liberty Mutual has an A rating for financial strength and credit from AM Best. The company often scores low for customer satisfaction and has more than three times the expected number of complaints from private auto policyholders, according to the National Association of Insurance Commissioners Consumer Complaint Index.

Pros and cons

Pros

Wide range of available discounts
Accident forgiveness available
Available in all 50 states and D.C.

Cons

Many negative reviews and customer complaints
Premiums are relatively high compared to industry average
Low customer satisfaction scores from J.D. Power

Reviews (1,559)

Michael - November 19, 2024

Verified

Go Elsewhere

The customer service is poor. It's difficult to speak to a human as it's overly automated.

Deborah - November 12, 2024

Verified

Examine Every Inch of Your Policy

I didn't realize I didn't have accident forgiveness until my daughter had an accident. They tripled the cost of my policy.

Lee - November 12, 2024

Verified

Ugh!

The rates increase every year. I'm an excellent driver and I've never made a claim.

…

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GEICO DriveEasy vs. Liberty Mutual RightTrack

GEICO’s DriveEasy and Liberty Mutual’s RightTrack are telematics programs that reward safe driving behaviors with discounts. DriveEasy automatically monitors driving habits such as speeding, hard braking, phone use, nighttime driving, and weather. However, it’s unavailable in all states and can’t be disabled for work driving, potentially affecting your score.^[7]

Liberty Mutual’s RightTrack reduces your car insurance bill by 10% just for signing up and can potentially cut your rates by 30%. It records driving behaviors like braking and speed through a mobile app (or a plug-in device for New York drivers). RightTrack considers rush-hour driving, while DriveEasy doesn’t.^[8]

GEICO vs. Liberty Mutual: Which is the cheapest?

Comparing the cost of GEICO and Liberty Mutual reveals that GEICO generally offers lower prices. Basic liability insurance costs about $54 per month, while Liberty Mutual is at $159.

You’ll notice a bigger price difference when looking at full-coverage car insurance: GEICO comes in at $119, and Liberty Mutual is significantly higher, with an average monthly premium of $258.

But remember the cheapest option can vary, even among the largest auto insurance companies. It depends on the type of coverage and deductible you choose, as well as your age, gender, location, and other factors.

Below are liability rates from GEICO and Liberty Mutual for common driver profiles.

GEICO: Cheapest for drivers with a clean driving record

GEICO is the more affordable choice for drivers with a clean driving record.

The below rates are estimated rates current as of: Friday, November 1 at 12:00 PM PDT.

Data reviewed by Konstantin Halachev

Konstantin HalachevVP of Engineering & Data Science

7+ years experience in data analysis
Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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Insurance Company ▲▼	Clean Driving Record ▲▼
GEICO	$54
Liberty Mutual	$159

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

GEICO: Cheapest for drivers with a speeding ticket

GEICO offers better rates for drivers with a speeding ticket.

The below rates are estimated rates current as of: Friday, November 1 at 12:00 PM PDT.

Data reviewed by Konstantin Halachev

Konstantin HalachevVP of Engineering & Data Science

7+ years experience in data analysis
Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

View Full Bio

Insurance Company ▲▼	Drivers with a Speeding Ticket ▲▼
GEICO	$65
Liberty Mutual	$222

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

GEICO: Cheapest for teen drivers

GEICO offers much more affordable rates than Liberty Mutual for teen drivers.

The below rates are estimated rates current as of: Friday, November 1 at 12:00 PM PDT.

Data reviewed by Konstantin Halachev

Konstantin HalachevVP of Engineering & Data Science

7+ years experience in data analysis
Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

View Full Bio

Insurance Company ▲▼	Teen Drivers ▲▼
GEICO	$81
Liberty Mutual	$276

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

GEICO: Cheapest for drivers with bad credit

Drivers with poor credit find GEICO a more budget-friendly option than Liberty Mutual.

The below rates are estimated rates current as of: Friday, November 1 at 12:00 PM PDT.

Data reviewed by Konstantin Halachev

Konstantin HalachevVP of Engineering & Data Science

7+ years experience in data analysis
Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

View Full Bio

Insurance Company ▲▼	Drivers with Bad Credit ▲▼
GEICO	$61
Liberty Mutual	$176

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

GEICO: Cheapest for senior drivers

GEICO is the more economical choice for senior drivers.

The below rates are estimated rates current as of: Friday, November 1 at 12:00 PM PDT.

Data reviewed by Konstantin Halachev

Konstantin HalachevVP of Engineering & Data Science

7+ years experience in data analysis
Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

View Full Bio

Insurance Company ▲▼	Senior Drivers ▲▼
GEICO	$41
Liberty Mutual	$135

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Compare coverages: GEICO vs. Liberty Mutual

GEICO and Liberty Mutual provide a wide range of standard insurance coverages, such as bodily injury liability, property damage liability, and full coverage, which combines collision, comprehensive, and liability protection. Other common coverages include personal injury protection, medical payments, and uninsured/underinsured motorist coverage.

Both major companies also offer roadside assistance to help if your vehicle breaks down and rental reimbursement to cover the cost of renting a car while your vehicle is in the shop for repairs after an accident.

However, some types of coverage are exclusive to each insurer. You can get mechanical breakdown insurance with GEICO, covering parts and labor costs like a car warranty, but not Liberty Mutual. But Liberty Mutual has new car replacement coverage, gap coverage, and accident forgiveness, which you won’t find at GEICO.

Coverage ▲▼	GEICO ▲▼	Liberty Mutual ▲▼
Gap insurance	Yes	No
New car replacement	No	Yes
Mechanical breakdown insurance	Yes	No
Accident forgiveness	No	Yes
Rental reimbursement	Yes	Yes
Rideshare insurance	No	Yes

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Compare discounts: GEICO vs. Liberty Mutual

Auto insurance discounts are an excellent way to lower your car insurance bill, and these two insurers don’t disappoint. GEICO has more variety, but the savings for taking a defensive driving course and having multiple insurance policies aren’t available everywhere, which can be confusing.

Because of this, Liberty Mutual is the better option for offering more straightforward and consistent ways to save on insurance. So, even though GEICO has lower prices, Liberty Mutual might be the better choice for people who want simpler and more consistent savings.

Discount ▲▼	GEICO ▲▼	Liberty Mutual ▲▼
Clean driving record	Yes	Yes
Defensive driving course	Varies	No
Multi-policy	Varies	Yes
Multi-car	Yes	Yes
Low mileage	No	No
Telematics (safe driving app)	Yes	Yes
Anti-theft device	Yes	No
New car	Yes	No
Military/affiliation	Yes	Yes
Good student	Yes	Yes
Loyalty	Yes	Yes
Auto pay	Yes	Yes
Student away at school	No	Yes
Homeowner	No	Yes
Alternative fuel	No	No

GEICO vs. Liberty Mutual FAQs

If you’re looking for more clarity about choosing between GEICO and Liberty Mutual, here’s some additional information to help guide your decision.

Which company is better: GEICO or Liberty Mutual?
The decision to choose GEICO or Liberty Mutual depends on your specific needs. GEICO typically offers lower rates and better discounts, but Liberty Mutual provides more straightforward savings and unique coverages, like new-car replacement and gap insurance.
Which company is cheaper: GEICO or Liberty Mutual?
GEICO is the cheaper option when comparing average premiums. It has lower monthly rates across various driver profiles, including people with clean driving records, speeding tickets, or poor credit. Liberty Mutual tends to have higher costs, but its clear-cut discounts might appeal to some customers.
Which insurer is GEICO’s biggest competitor?
State Farm is GEICO’s top competitor. As the largest car insurance company in the U.S., State Farm holds a larger market share, with 17%, compared to GEICO’s 14%. Both car insurance companies are well-known for their variety of insurance products, competitive prices, and strong reputation.
Is Liberty Mutual good at paying claims?
Yes. Liberty Mutual is known for its reliability in paying claims despite a below-average score in J.D. Power’s 2023 U.S. Auto Claims Satisfaction Study. AM Best gives the company an A (Excellent) financial strength rating, the third-highest of 16 financial strength levels, indicating a solid ability to meet its insurance obligations.^[9]

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
Property damage limits between $10,000 and $50,000
No additional coverage

Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:

Comprehensive coverage with a $1,000 deductible
Collision coverage with a $1,000 deductible

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

Sources

NAIC. "2023 Market Share Report."
GEICO. "Car Insurance Discounts - Savings on Auto Insurance."
Libertymutual.com. "Auto Insurance Discounts."
GEICO. "Car Insurance Coverage: Auto Coverage Types & More."
Libertymutual.com. "Main Types of Car Insurance Explained."
Jdpower.com. "2023 U.S. Auto Insurance Study."
Geico.com. "DriveEasy."
Libertymutual.com. "RightTrack®."
Ambest.com. "AM Best Affirms Credit Ratings of Liberty Mutual Holding Company Inc. and Subsidiaries."

Amy BeardsleyInsurance Writer

Amy is a personal finance and technology writer. With a background in the legal field and a bachelor's degree from Ferris State University, she has a talent for transforming complex topics into content that’s easy to understand. Connect with Amy on LinkedIn.

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Edited byDanny Smith

Danny Smith

Licensed auto and home insurance agent
4+ years in content creation and marketing

As Insurify’s home and pet insurance editor, Danny also specializes in auto insurance. His goal is to help consumers navigate the complex world of insurance buying.

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Featured in

Data reviewed byKonstantin HalachevVP of Engineering & Data Science

Konstantin HalachevVP of Engineering & Data Science

7+ years experience in data analysis
Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

View Full Bio