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Liberty mutual renters insurance review

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Author

Colin LalleyContent Director, Home & Auto InsuranceColin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.

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Liberty Mutual renters insurance offers deductibles as high as $5,000, along with a 3 out of 5 star rating for its claims processes with J.D. Power.

Liberty Mutual

Liberty Mutual logo

Policygenius rating

Our proprietary ratings methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the “Ratings methodology” section for more details.
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4.3

AM Best rating

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

NA

The bottom line

Liberty Mutual stands out thanks to its high $5,000 deductible option that can help you keep your rates low. You can also score savings by bundling your renters and car insurance together or installing safety devices around your home. Its personal property coverage starts at $15,000, and its personal liability coverage taps out at $1 million — high compared to other renters insurance companies.

Pros

  • Choose a deductible from as low as $100 to as high as $5,000

  • Up to $1 million. in personal liability coverage available

  • Save on rates with multi-policy and home safety discounts

Cons

  • Can't schedule additional coverage for high-value items online

  • Doesn't offer earthquake coverage

The longstanding Liberty Mutual, founded way back in 1912, advertises renters insurance policies starting at $20 a month.

Basics

Renters Insurance Provider

Liberty Mutual

Founded

1912

A.M. Best

A

S&P

BBB

Ratings

Consumer Affairs

3.5/5

J.D. Power Overall Customer Satisfaction

2/5

J.D. Power Claims Process Satisfaction

3/5

Base policy features

Replacement Value Available

Yes

Deductible Options

$100, 250, $500, $1,000, $2,500, $5,000

Personal Property Coverage

$15,000 and up

Personal Liability

$100,000, $200,000, $300,000, $500,000, $1,000,000

Medical Payments to Others

$1,000, $2,000, $3,000, $5,000

Loss of Use Coverage

20% of personal property coverage

Off-Premise Coverage

Yes

Peril Type Coverage

Named

Purchase Online

Yes

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*Based on New York availability

Optional add-on features

Schedule High-Value Items Online

No; must contact customer service/ agent

Types of Valuable Coverage

N/A

Increase Computer Category Coverage Limits Online

Yes

Increase Jewelry Category Coverage Limits Online

Yes

Identity Theft

Yes

Earthquake Coverage

No

Water back-up of Sewers and Drains

Yes

Multi-policy Discounts

Yes

Home Safety Discounts

Yes

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Author

Content Director, Home & Auto Insurance

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Colin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.

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