Each insurer uses its own algorithm to calculate premiums, so even if Liberty Mutual is charging you a high premium, you may be able to find a cheaper policy with another insurer. Liberty Mutual is so cheap because it offers a wide variety of discounts and is the sixth largest insurer by market share, helping Liberty Mutual to keep prices competitive. 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. Opting for a higher deductible on any of your Liberty Mutual insurance policies can lower your premium.
The discount is automatically applied to qualifying Liberty Mutual policies, but it's not cumulative, meaning you won't get a bigger discount for insuring more vehicles. Although Liberty Mutual doesn't offer discounts on dash cams, buying a dash cam could be worth it in the long run. The full payment discount for homeowners, on the other hand, is only available to policyholders who are members of associations affiliated with Liberty Mutual. You can get the full payment discount from Liberty Mutual if you pay the full cost of your home or car insurance policy in one or two payments.
Liberty Mutual takes a variety of factors into account when calculating your premium, although some, such as your age and location, are beyond your control. Request an auto insurance quote with us before your current policy expires and you can save when you sign with us. For example, dashboard cameras can help prove fault in a car accident, prevent insurance fraud, and provide evidence in traffic courts. Even if Liberty Mutual doesn't offer discounts for older drivers in your state, there are other ways to lower your premium.
Because your credit history is correlated with your likelihood of filing an insurance claim, Liberty Mutual uses your credit data to calculate your premium in states where it is legal. Liberty Mutual offers a wide variety of discounts that can help lower your overall car insurance bill. Overall, married couples pay about 9% less for car insurance than single drivers because they're less likely to file a claim. Liberty Mutual insurance is even more expensive for drivers with certain characteristics, including young drivers and drivers who have recently caused an accident.