Liberty Mutual is the nation’s sixth-largest property and casualty insurer. It offers a large variety of auto insurance, as well as life, homeowners, and business insurance, and even more specialized types of coverage.
Save on Repairs and Replacements
As of 2022, Texas leads the nation in pickup truck sales volume, with almost 20 percent of Texans driving a pickup.4 However, according to car authority Repair Pal, full-size trucks tend to be expensive to repair, with an average annual repair cost of $936 compared to an average of $652 across all makes and models.5
If you’re concerned about the possibility of high repair and maintenance costs for your vehicle, Liberty Mutual is a great choice. It offers a couple of add-ons to address this issue:
- Lifetime repair guarantee: This coverage pays for repairs to your vehicle at Liberty Mutual’s more than 2,000 Guaranteed Repair Network (GRN) facilities for as long as you own your car. The company will pay the GRN shop directly for the full cost of your repairs beyond your deductible, advertising a 100 percent lifetime guarantee for these repairs.
- Original parts replacement: This optional coverage pays for the original manufacturer parts for your vehicle, ensuring you never have to settle for inferior or incompatible parts. If original manufacturer parts for your vehicle are unavailable or are no longer produced, Liberty Mutual will pay for the cost of comparable or reconditioned parts.
Classic and Collectible Vehicle Insurance
Texas is home to approximately 2.6 million classic and collectible cars, second only to California. A significant proportion of those vehicles are trucks, and the Chevy/GMC GMT 400 pickup is the second-most popular classic car in the state.6
Classic cars necessitate specialized insurance that offers both the benefits of conventional car insurance and unique protection for the specific needs of classic cars. Liberty Mutual’s classic car policies cover expenses like pricey, hard-to-find vintage parts and specialized labor. Unlike new cars, classic cars don’t lose most of their value over time. Instead, their age is part of what makes them so valuable, and they tend to gain value over time.
Rather than insure your truck’s worth based on its Blue Book value, Liberty Mutual will work with you to determine an agreed-upon value for the vehicle, weighing factors like age, condition, and rarity. The higher the value, the more your policy will cover. If you continue to put money into working into your truck or restoring it, you can work together to increase that agreed-up value.
Loyal Customers Save on Deductibles
Liberty Mutual offers a deductible fund, allowing you to save on your deductible each year that you continue to insure your vehicle or vehicles with the company. How does it work? Each year, you’ll pay $30 in addition to your annual premium. That extra money goes into your deductible fund. Liberty Mutual will contribute an additional $70 for a total of $100.
Liberty Mutual will then lower your auto insurance deductible by $100 every year that you stay enrolled with the company. If you’re ever involved in a claim, these savings will reduce the balance you will need to pay out-of-pocket before your coverage kicks in.