Home Personal Finance Liberty Mutual Home Insurance Review 2021: Is It Right for You?

Liberty Mutual Home Insurance Review 2021: Is It Right for You?

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The fourth-largest home insurer in the U.S., Liberty Mutual offers solid coverage and discount options that will meet the needs of many homeowners. The company’s website and mobile app make managing your policy easy, though agents are also available if you want more personal service. Liberty Mutual home insurance is sold across the country.

Liberty Mutual home insurance pros and cons

How Liberty Mutual home insurance rates

Liberty Mutual homeowners insurance earned 4 out of 5 stars for overall performance. WealthyUpdates’s ratings are determined by our editorial team. The homeowners insurance scoring formula takes into account policy coverage options and discounts, ease of filing a claim, website transparency, the financial strength of the company, complaint data from the National Association of Insurance Commissioners and more.

» MORE: The best home insurance companies

Liberty Mutual home insurance state availability

Liberty Mutual home insurance policies are available in all 50 states and Washington, D.C.

Liberty Mutual home insurance coverage

You can customize your homeowners policy with numerous add-ons, but below are the types of coverage that generally come standard:

For more details, see Homeowners Insurance: What It Is and What It Covers.

You can add other types of coverage onto a standard Liberty Mutual homeowners policy, including:

  • Identity theft insurance, which pays for legal expenses and provides a counselor if you’re a victim of identity theft.
  • Blanket jewelry coverage, which pays out if your jewelry is lost or stolen, with no deductible or appraisal.
  • Inflation protection, which entitles you to a premium discount and involves regular adjustment of your coverage limits at renewal time.
  • Replacement cost coverage, which pays to buy brand-new replacements for belongings stolen or destroyed in a disaster (as opposed to “actual cash value” coverage, which offers less money for items you’ve had a while).
  • Escape of water coverage, which pays for damage due to backup or overflow from sewers, drains and sump pump wells.

» MORE: 10 kinds of damage home insurance won’t cover

Liberty Mutual home insurance discounts

Depending on your state, you may qualify for home insurance discounts for:

  • Bundling home and auto coverage.
  • No claims with your previous insurer for five years.
  • No claims with Liberty Mutual for three years.
  • Insuring a home that’s newly purchased, newly built or recently renovated.
  • Having a new roof.
  • Getting a Liberty Mutual quote before your policy with another carrier expires.
  • Insuring the full cost to replace your home.
  • Enrolling in autopay for your premiums.
  • Signing up for paperless billing.

» MORE: The best cheap homeowners insurance

Liberty Mutual home insurance consumer complaints

Liberty Mutual received about the expected number of home insurance complaints to state regulators relative to its size, according to three years’ worth of data from the National Association of Insurance Commissioners. (NAIC home insurance complaints also cover other home policy types, including mobile home, renters and condo insurance.)

Liberty Mutual home insurance consumer experience

Website: You can do a lot on the Liberty Mutual site, including getting a quote, filing and tracking claims, paying your bill and learning about insurance basics. But if you’d rather speak with an agent, you can enter your ZIP code on the home page and find someone near you.

App: Available for both iOS and Android, the Liberty Mutual app enables you to sign documents electronically, pay bills, file claims, sign up for autopay and check policy information.

Homeowners insurance buying guide

Before you start comparing quotes, identify how much home insurance coverage you need. Is a standard policy sufficient, or do you want to add extra insurance for situations like identity theft or sewer backups? Check whether each company you’re considering has the options you need.

To ensure you have sufficient personal property coverage, take a quick inventory of your belongings. How much would it cost you to replace them? Include all furniture, electronic devices, clothing, jewelry and household items. This total is the minimum amount of personal property insurance you should have.

When comparing rates between insurers, make sure they’re offering the same limits and deductibles. Although it may seem tempting simply to choose the cheapest option, consider looking at how many consumer complaints each insurer has before choosing a policy. Poor customer service could have a significant impact on your experience if you ever need to file a claim.

You can get home insurance quotes online, over the phone or through an agent.

Liberty Mutual home insurance FAQ

Does Liberty Mutual insure mobile homes?

Liberty Mutual offers mobile home insurance through Assurant, a partner company. For more options, see WealthyUpdates’s guide to manufactured and mobile home insurance.

What other insurance does Liberty Mutual offer?

Liberty Mutual sells a wide variety of insurance policies, including auto, renters, boat, umbrella and life insurance. Learn more with our Liberty Mutual auto insurance review.

Does Liberty Mutual homeowners insurance cover mold?

In most states, Liberty Mutual provides $5,000 worth of coverage for mold. Depending on where you live, you may be able to raise that limit.

Does Liberty Mutual homeowners insurance cover termite damage?

No, termite damage isn’t covered by a Liberty Mutual home insurance policy, nor can you buy any endorsements to add the coverage.

Homeowners insurance ratings methodology

WealthyUpdates’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts, online experience and more. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. WealthyUpdates does not receive compensation for any reviews. Read our editorial guidelines.

Insurer complaints methodology

WealthyUpdates examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, WealthyUpdates calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

 

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