Liberty Mutual Renters Insurance Review For Jan 2024 + Rates

liberty mutual renters insurance

Policy Pricing

Multiple factors influence your renters insurance premiums, including your age, location, pets, and whether you have roommates.

Each one of these considerations pushes your premiums higher or lower.

The average renters insurance policy costs $188 for $25,000 to $50,000 worth of coverage. Applicants can secure a Liberty Mutual policy starting at $12 a month or $144 a year.

Many people apply add-ons to their coverage, making the yearly Liberty Mutual renters insurance premium $285.
Here are some of the annual premiums for competing insurance providers:

Allstate: $187American Family: $157Farmers: $181MetLife: $188Nationwide: $236State Farm: $140USAA: $128

J.D. Powers placed Liberty Mutual in its top ten insurance companies for renters insurance satisfaction.

They scored high marks for flexible limits and coverage options. The company also ranked well for payment processing, customer service, and claims handling.

Covering High-Value Items

Most renters insurance providers cover conventional belongings, like clothing, furniture, and electronics.

One of the glaring exceptions is high-value items. Smaller agencies view high-value possessions as a liability and don’t extend standard policies to protect them.

Liberty Mutual offers additional coverage to protect valuables, such as jewelry. The blanket policy replaces lost or stolen items with no deductible.

Liberty Mutual also doesn’t require an appraisal to assesses the jewelry’s value before the loss.

Add-Ons

Personal property, liability, medical, and additional living expenses make up the base for the standard policy.

Liberty Mutual has several add-ons that policyholders can apply for extra protection.

For instance, personal property replacement protection covers theft up to a specified limit. Other add-ons include blanket jewelry and earthquake damage.

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Discounts

Liberty Mutual lets policyholders save when they bundle renters and auto insurance.

Deal seekers can also take advantage of an above-average number of discounts.

Potential savings come in eight additional variations, including:

Claims-free discountEarly shopping discountMilitary discountOnline purchase discountPaperless policy discountSafety device discountSetting up a preferred payment discountSmart technology at home discount

Adding safety devices to your apartment or condo is the easiest way to save after you sign up for Liberty Mutual renters insurance.

For instance, carbon monoxide detectors and security alarms cost little more than a biweekly coffee habit.

After your install the device, contact your Liberty Mutual insurance agent about a discount.