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Why you can trust InsurifyInsurify is America's highest-rated insurance comparison platform. We partner with the nation's top insurance companies and are licensed as an agent in all 50 states. However, the insurance experts writing our content operate independently of our partners, and you can learn more about how we make money by viewing our advertising disclosures. Also check out reviews from over 3,000 satisfied customers, our data methodology, and our editorial standards. Courtney Roy Written by Courtney Roy Insurance Writer Courtney Roy is a financial and technology writer. He creates content that makes an actionable difference in the lives of his readers by helping them understand matters of personal finance. In addition to years of experience across multiple industries, Courtney has insurance licenses, a real estate license, and a degree in electrical engineering. Edited by John Leach Edited by John Leach Insurance Content Editor at Insurify John Leach is an insurance content editor who has worked in print and online. He has years of experience in car and home insurance and strives to make these topics easy to understand for everyone. He has a linguistics degree from UC Santa Barbara. Updated October 19, 2022 Reading time: 5 minutes Is Lady Liberty shining with the right renters insurance price, or does she drop the torch? Liberty Mutual is the #4 renters and homeowners insurance company in the nation, and they want to “stand with you.” Before you buy a policy for your apartment, condo, or house, here are the three basic renters insurance coverages:
With a grasp of how renters insurance works, you’re on your way to getting the coverage you deserve at a price you can afford. And while you’re saving, think about bundling renters and car insurance to maximize your moolah. Try Insurify today to find cheaprenters insurance in just a few minutes. Here’s the basics on Liberty Mutual renters insurance. What does Liberty Mutual renters insurance cover?Liberty Mutual ’s standard renters insurance policies grant tenants the three basic renters insurance coverages. You’re protected against the following losses:
Note: Earthquake and flood damage are not covered. You can get a separate policy for flood insurance. For a full list, contact your agent. You can customize your policy by purchasing add-on insurance products:
Special Deals and DiscountsHere are seven ways to save with Liberty Mutual:
Where does Liberty Mutual offer renters insurance?If you’re a renter who moves frequently, you’re in luck. Liberty Mutual renters insurance is available in all 50 states and the District of Columbia (D.C.). Liberty Mutual Renters Insurance RatingsLiberty Mutual ranked 10th for overall customer satisfaction on the J.D. Power Home Insurance Study. The company’s A.M. Best rating is an “A” for excellent financial strength, and the insurer has an “A+” rating with BBB.
Liberty Mutual Renters Insurance Customer ReviewsCustomers said Liberty Mutual has various coverages at competitive pricing, but people wished the company rewarded loyalty. The claims process is about average, and the customer service is good, not great. Although the company holds an “A+” rating with the BBB , it also has 1.13 out of 5 from BBB customer reviews. To be fair, that’s common for insurance companies; upset policyholders are usually the ones who leave comments on the site. For example, State Farm, the #1 home insurer in the nation, had a BBB rating of 1.34 out of 5. And Allstate, the #2, had a BBB rating of 1.2 out of 5. Aside from BBB, Consumer Affairs gives Liberty Mutual a 4 out of 5 after 1,347 reviews. Average Cost of Liberty Mutual Renters InsuranceThe average cost of renters insurance is approximately $180 per year or $15 per month in the U.S., according to the Insurance Information Institute. Liberty Mutual advertises a price as low as $5 per month. To find the price, we took a sample property in California because the state’s average yearly cost is only $2 above the nation’s, and it’s the most populous state. Our sample property was a two-bedroom, one-bathroom apartment in Los Angeles. And we chose $25,000 in personal property coverage and a $1,000 deductible. Here’s the price we found, along with quotes from a few other renters insurance companies:
Positives and Negatives of Liberty Mutual Renters InsurancePros:
Cons:
Is Liberty Mutual renters insurance right for me?It depends. Liberty Mutual is a financially strong company that competes on price and adds solid coverage with various options, but its customer service is good, not great. Liberty Mutual would be a base hit in baseball terms, but it’s not knocking any single thing out of the park. Its real home run would be for its target demographic of college-educated homeowners who own multiple cars and have auto, home, and life insurance with the company. Expect to save the most when you bundle renters and car insurance together and have safety devices in your home. And look to see if your college, university, job, or professional association gets you an added discount. It would be a mistake to choose Liberty Mutual without checking at least two or three other carriers. How to Get a Quote for Liberty Mutual Renters InsuranceHere’s how you can get a renters quote from Liberty Mutual. Liberty Mutual Renters Insurance Contact InformationCustomer service hours are Monday through Friday, 8 a.m. to 6 p.m. Eastern time, and you can start the claims process any day 24/7 online.
How to Find the Best Renters Insurance QuotesLady Liberty has passed you the torch, and you are now free to find the renters insurance you deserve. Because bundling is the best way to save, why not add life, car, and even pet insurance to your pursuit of happiness? What does renters insurance cover in CA?Renters insurance covers you and your stuff for damages (or 'perils' in insurance speak), including theft, fire, vandalism, and water damage from things like burst pipes. Here's a complete list of the perils that are covered under your base renters insurance policy in California: Fire or lightning. Windstorm or hail.
What does tenants insurance cover in Alberta?Tenant insurance protects the personal belongings of a renter. The policy includes personal liability coverage, for example if you are sued, because you unintentionally cause injury to someone or you unintentionally cause damage to the property of others.
What does renters insurance cover Oklahoma?A standard renters insurance plan in Oklahoma includes personal property coverage, additional living expenses, liability insurance and medical payments coverage.
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