Liberty Mutual Auto Insurance Company

Posted by Harry Wagner

Liberty Mutual Auto Insurance Company was founded over 100 years ago, and is a leading name in the property and casualty auto insurance sector. As a mutual company, Liberty Mutual is owned by its policyholders and dedicated to offering broad and competitively-priced auto insurance packages that are designed to provide adequate coverage. As the third largest auto insurer based on written premiums in the US, Liberty Mutual is a recognized and trusted company that ranks number 81 on the Fortune 500 list of the largest American corporations. While all of these facts are impressive, finding out the information that matters before you buy insurance is imperative. Here is straightforward information about Liberty Mutual to help you make the right purchasing decision.

Is Liberty Mutual Financially Stable?

Liberty Mutual has had a century to acquire companies and gradually grow the company’s book-of-business. Through organic growth and acquisitions with SafeCo, the company has grown in size. While the company does have the assets to acquire shares and businesses, it is important to verify that the insurer that you choose has the financial backing to pay for insurance claims.

For a company that has had revenue grow from $6 billion to $30 billion in just over a decade, you can safely assume that Liberty Mutual is a financially stable insurer. If you feel more comfortable knowing the company’s Financial Strength rating through the national consumer rating agency A.M. Best, you will be impressed to learn that the carrier has received an A in Financial Strength and a A in Issuer Credit ratings. Based on the research the that has been done, A.M. Best Affirms that Liberty Mutual is a stable company with historically favorable operating performance ratings. This gives policyholders piece of mind that they have chosen a company who will deliver on their promises.

What Separates Liberty Mutual From Other Carriers?

Statistics show that Liberty Mutual Auto Insurance Company has a market share 4.73% as reported in 2012. All insurance carriers market a unique value, and you may be wondering what separates Liberty Mutual from other companies that have made a name for themselves in the industry. One thing that separates the company is that they are dedicated to using the Customer Choice Model. This model means that customers can do business with the company the way they prefer to do business, from calling a call center or visiting an online account, to working with an agent or an independent broker. This is a quality you cannot find in many other insurers.

If you are shopping for personal auto insurance, now is the time to price coverage from various companies. Price the cost of insurance through Liberty Mutual, and see if this is the right carrier to trust.