At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, publishers and writers has dedicated thousands of hours of research to create the content found on our site. National General and Liberty Mutual are two companies with significant market share in the insurance industry.
It's not exactly a showdown between David and Goliath, but National General is definitely the smallest insurer and Liberty Mutual is the best-known name. However, both companies have their relative advantages and disadvantages, so keep reading so that the data tells the story. The Insurify Composite Score (ICS) is a patented score calculated by a team of Insurefy data scientists, which evaluates multiple factors that reflect the quality, reliability and status of an insurance company. Cheaper car insurance rates for most customers National General Motor Club roadside assistance service with aAAA-like towing According to its millions of customers, Liberty Mutual maintains its motto “you only pay for what you need.”.
Benefits include a mobile app, local agents, and discounts to combine with home insurance. In addition, the RightTrack telematics program monitors driving habits and rewards safe customers with additional savings. Most expensive in every category, Liberty Mutual is the best auto insurance service for accident forgiveness in the top 10 list. By contrast, National General doesn't end up on the list.
Even so, it offers certain notable advantages that are worth noting. For example, it's a great option if you know how to maximize discounts. Plus, if you're driving with low mileage, you can set a decent fare. National General is ranked number eight among the cheapest auto insurance companies.
By contrast, Liberty Mutual failed to earn a spot on the list. Still, it offers competitive pricing to certain parts of its target market. In particular, the insurance company offers you the cheapest premiums if you have excellent credit or if you are over 60 years old. Your age can alter the price of your car insurance quote.
Older drivers tend to have more experience and higher credit scores. All three variables translate into lower prices. So it's no surprise that teens pay more for civil liability alone than older people spend on full coverage (civil liability with collision coverage and comprehensive coverage). Another thing to consider when buying insurance is your gender.
In general, the price difference between genders is minimal, but may be significant for some insurance providers. Because men, and especially young people, drive more recklessly than women, insurers increase prices to balance the additional risk. Insurance agents will tell you that driving more means paying more for car insurance. They will say this, since spending more time behind the wheel increases the chances of an accident.
In general, conventional wisdom is correct. That said, what you pay at different mileage levels may vary from one insurer to another. National General doesn't seem to care how much its policyholders drive. In reality, insurers are likely to weigh some other factor with greater emphasis.
Or the company uses standard mileage regardless of what consumers send. On the contrary, mileage is very important at Liberty Mutual, with quite significant price differences at all levels. Your credit rating will affect your car insurance bills, unless you are in California, Hawaii, or Massachusetts. The practice is prohibited in all three states, but insurers use credit ratings in all other states.
Drivers with impeccable credit get the lowest prices. However, you can still find reasonable rates, even with imperfect credit, through a site like Insurify. As you might expect, the data shows that people with the highest credit scores incur the lowest costs and prices rise as credit levels advance. This pattern is valid for National General and Liberty Mutual, as well as for the national average.
Your premiums are based on your driving record for the past three or five years. Even if it's common sense, an accident free record is your passport at the most affordable prices. However, if your driving record is full of setbacks, finding a low-cost insurance policy becomes much more difficult. What are the rates if you have a clean driving record and what happens after some of the most common traffic violations? In the next four sections, you'll see what National General and Liberty Mutual offer as your driving record changes.
In addition, the rates of both insurers increase at every level, and then there is a rather surprising twist when it comes to driving under the influence of alcohol. Regardless of the cause of your collision, you may be wondering if your car insurance rates will go up. They're likely to increase unless you're forgiven by accident. However, even with Liberty Mutual's main accident forgiveness, it's still more than double the number of National General and nearly triple the national average.
Multiple policy (combines your car insurance coverage with other insurance products, such as homeowners insurance, renters insurance, or life insurance) The car insurance quotes contained in Insurify's insurance company comparison guides are based on the analysis of more than 50,000 insurance quotes from 500 zip codes across the country. The Insurify data science team performs a comprehensive analysis of the factors that auto insurance providers consider to calculate rates, including drivers' demographics, driving history, credit rating, desired level of coverage and more, to provide representative samples. The Insurify analysis also incorporates the Insurfy composite score (ICS) assigned to each insurance provider. The ICS is a patented rating that is calculated by weighing multiple factors that reflect the quality, reliability and health of an insurance company.
With the information and classification methods above, Insurify can offer auto insurance buyers a window into how insurance providers compare to each other in terms of cost and quality. Courtney Roy is a financial and technology writer. Create content that makes a practical difference in the lives of your readers by helping them understand personal finance issues. In addition to years of experience in multiple industries, Courtney has insurance licenses, a real estate license and a degree in electrical engineering.
Liberty Mutual teacher car insurance offers discounted rates and other special benefits designed for educators, such as additional coverage for teaching materials and school-owned property. If you can't get any of Liberty Mutual's safe driver discounts, there are other ways to save on your fare. Car insurance provides a financial safety net in the event of an accident and can protect your hard-earned money from high out-of-pocket costs. While buying the cheapest car insurance you can find may seem like the most favorable option for your budget, forgoing vital coverage options and opting for minimum limits could leave you vulnerable to financial devastation if you're involved in an accident.
For example, Liberty Mutual offers a preferential payment discount for drivers who set up automatic payments from a checking account, credit card, or debit card. The availability of discounts may vary by state, but it's always worth checking with Liberty Mutual customer service to see what you might qualify for. To qualify for the Liberty Mutual multi-car discount, a customer must insure more than one vehicle with the same Liberty Mutual auto insurance policy. Carol Pope is an insurance writer for Bankrate and, before joining the team, she worked as an auto insurance agent for 12 years.
Liberty Mutual also charges married drivers similar rates to those paid by single drivers, which is less common. Even if Liberty Mutual doesn't offer discounts for older drivers in your state, there are other ways to lower your premium. To find the cheapest car insurance companies, Bankrate analyzed airline rates obtained from Quadrant Information Services. In addition, Liberty Mutual rewards customer loyalty with discounts for insuring more than one car and for combining several policies, such as home and auto policies.
In the case of full-coverage premiums, the average USAA car insurance rates may be the same as those for car owners for drivers with a clean record. .
