Liberty Mutual Renters Insurance Review and Prices
Liberty Mutual is one of the biggest insurance companies in the United States. Liberty Mutual was started in 1912 to provide workers’ compensation. Today, the company is based in Boston and sells insurance for a wide range of needs.
The company is working on plans for vehicles, including boats, ATVs, and old cars. It also sells things like life insurance, insurance for pets, accident insurance, and insurance for businesses.
Liberty Mutual has plans for renters, homeowners, and landlords when it comes to personal property insurance. They also have plans for specific situations, like flood insurance and mobile home insurance.
Review of the Liberty Mutual Renters Insurance
Liberty Mutual is one of only a few insurance companies that offer coverage in all 50 states and Washington, D.C. Aside from being able to get a quote quickly online, what makes this insurer stand out is the number of discounts that policyholders can get.
You can get discounts for having more than one policy and not having any claims. You can also get discounts if you sign up for autopay, finish the purchase process online, or get a quote before your current policy expires. With its mobile app and online claims process, Liberty Mutual makes it almost impossible for you to talk to a person on the phone.
Liberty Mutual says that policy premiums start at $5 per month, but standard coverage doesn’t include protection against water damage. Even so, the average price of the policies we looked at was $20.13. What’s covered and what’s not may also vary by state, so it’s best to get a quote to see what you’ll get.
How do I buy a Liberty Mutual renters insurance policy?
Here’s how to buy a renters insurance policy from Liberty Mutual:
Enter your ZIP code on the Liberty Mutual renters insurance page to get a quote. You could also call the customer service department.
Give information like your name, address, date of birth, whether you already have a policy with the insurer, an estimate of how much your things are worth, and how many people will be on the policy.
Once you give Liberty Mutual the information they need, they will give you a quote. Once your policy is set, you can change it to your liking and give payment information.
How do I ask Liberty Mutual for money?
Policyholders can file claims 24/7 online (you’ll need to log in to your account) or by calling Liberty Mutual. You should have your policy number and details about what happened and when it happened on hand. When you file a claim with Liberty Mutual, you get a claim number that you can use to check on the status of your claim. In some situations, you may need to send in more proof, like photos or receipts, or meet with a representative. The insurance company will also tell you what to do next to get your claim processed.
Nationwide vs. Liberty Mutual
Liberty Mutual has more ways to get a discount than Nationwide, which only gives discounts if you bundle policies, don’t have any claims, and have safety devices on the rented property. Also, Nationwide does not offer coverage everywhere. But their basic coverage is the same, and both have mobile apps and websites where you can get insurance quotes. Nationwide’s average price per month was $13.43, while Liberty Mutual’s average price per month was $20.13. This is the average price of the four quotes we looked at.
Lemonade vs. Liberty Mutual
Policyholders with both Liberty Mutual and Lemonade can do most of their business online. Lemonade stands out because its policies cost less, on average $16.15 per month, while Liberty Mutual’s policies cost $20.13 per month. This price is the average of the four quotes we got. Even though both companies say that their policies for renters start at $5 per month.
Lemonade also gives customers’ unused premiums to charities of their choice. Liberty Mutual is available all over the country, but Lemonade is only in a little more than half of the states. It also gives you more chances to get discounts, which could mean lower premiums if you don’t have any claims or buy multiple policies from the same company.
Questions about Liberty Mutual Renters Insurance
Does the renter’s insurance from Liberty Mutual cover water damage?
In some cases, water damage may be covered by Liberty Mutual renters insurance. Water damage isn’t automatically covered by a standard plan.
Does theft get paid for by Liberty Mutual’s renters insurance?
Theft is covered by Liberty Mutual renters insurance. Remember, though, that every policy has limits. If you’re worried about things like jewelry being stolen that are worth a lot, you might want to get extra coverage for them.
Does flood damage get covered by Liberty Mutual’s renters insurance?
Most renters and homeowners insurance plans don’t cover damage caused by natural flooding. You can buy flood insurance from Liberty Mutual, but the coverage comes from the National Flood Insurance Program (NFIP), which is run by the Federal Emergency Management Agency (FEMA).
Does the renter’s insurance from Liberty Mutual cover broken windows?
Most of the time, renters insurance doesn’t cover broken windows. The purpose of renters insurance is to protect your things, not the building you live in. Since windows are a part of the building, they would be covered by your landlord’s homeowners insurance, not your renters insurance.