In business since 1912, Liberty Mutual is the longest running company on this list. It offers a range of options you won’t find everywhere, such as gap coverage, a diminishing deductible, and special perks for teachers.
Over 100 Years of Service
Liberty Mutual has been helping people protect what’s important to them for an average of 10 years longer than any other company on this list. If you’re someone who values how long a business has remained in operation, this may be the company for you.
It serves 29 countries and is the fifth-largest global property and casualty insurer. You can customize your plan so you pay only for what you need, and you could save up to $950 on auto and home insurance when you bundle.
Great Gap Coverage
What is gap coverage? If your car is totaled or stolen and its value is lower than the amount remaining on your loan, gap coverage will cover the remaining amount you owe. In other words, you’re not on the hook for the extra $5,000 if it’s valued at only $15,000 and you still owe $20,000.
Cars depreciate over time, so having to pay off a loan that is worth more than your totaled car can be frustrating. Gap coverage protects you from this, but it’s important to note that it must be purchased at the same time you purchase your car, and you must be the car’s first owner. If you’re considering purchasing a new car, getting gap coverage through your auto insurer is a good idea.
Multi-Policy Savings for the Win
Liberty Mutual customers have the option to bundle home and auto insurance and save up to $950. Your total savings will be based on factors such as where you live, how often you drive, and your driving record, but it’s worth looking into if you want or need multiple policies.
Not only does it save you money, but it’s also more convenient since you can manage all your policies in one place. Who wants to have three web browser tabs open at the same time when you could have just one? You’ll also have more flexibility since you can manage your policies without having to make a call or go into an office. Download the app to access your policies on the go. When you register for an account, you can:
- View and download policy documents, like ID cards
- Pay and manage bills securely
- File, manage, and track your claims
- Review coverages and make changes 24/7
- Reduce the clutter in your life by eliminating the need to store policy paperwork
Insurance types you can bundle include auto and home, auto and renters, and auto and condo. Yes, renters qualify too!