Liberty Mutual is the sixth-largest auto insurer in the US. Their "Only Pay for What You Need" campaign promises customizable coverage, but many customers find their premiums creeping up over time. Here's how to bring yours back down.
6 Ways to Save on Liberty Mutual
1. Customize Your Coverage
Liberty Mutual's biggest selling point is customization. Review your policy for:
- Coverage levels that exceed what you need
- Add-ons you're not using (new car replacement, better car replacement, gap coverage on older cars)
- Deductible levels — raising from $500 to $1,000 saves 15-25%
2. Stack Discounts
Liberty Mutual offers these discounts:
- Multi-policy bundle: 10-20% for auto + home/renters
- Multi-vehicle: Insure 2+ vehicles on one policy
- Good student: Under 25 with a B average
- RightTrack (telematics): Up to 30% for safe driving
- Homeowner discount: Even if your home is insured elsewhere
- Good driver: Clean record for 5+ years
- Anti-theft device
- Hybrid/electric vehicle discount
- Early shopper: Get a quote before your current policy expires
3. Try RightTrack
Liberty Mutual's telematics program monitors your driving for 90 days and can save up to 30%. It tracks braking, acceleration, phone use, and time of day. Unlike some competitors, Liberty Mutual may increase your rate based on poor results, so it's best for confident safe drivers.
4. Get Competing Quotes
Liberty Mutual's rates vary significantly by region. Get quotes from GEICO, State Farm, Progressive, and a local independent agent. Call Liberty Mutual's retention line with the lowest quote.
5. Call Your Agent
Call 1-800-290-8206 and request a policy review. Specifically ask:
- "Are all available discounts applied to my policy?"
- "Is there a lower rate plan that provides similar coverage?"
- "What would my rate be if I raised my deductible?"
6. Review Annually
Set a calendar reminder 30 days before renewal to review and renegotiate.
Quick Checklist
- [ ] Call 1-800-290-8206 for a full policy review
- [ ] Verify all discounts are applied
- [ ] Consider the RightTrack telematics program
- [ ] Get 2-3 competing quotes
- [ ] Raise deductibles if you have savings
- [ ] Bundle auto + home/renters for maximum discount
- [ ] Review and renegotiate at every renewal
Bottom Line
Liberty Mutual's customizable coverage can work in your favor if you're proactive. Most customers save $150-400/year through discount stacking and deductible adjustments. The RightTrack program can add another 10-30% savings for safe drivers.
Sources
- Liberty Mutual discount programs and RightTrack details
- National Association of Insurance Commissioners — rate data
