Compare Farmers vs. Liberty Mutual Renters Insurance

What’s the difference between Farmers Renters Insurance and Liberty Mutual Renters Insurance? See how our editors compare the two companies below.
Last Updated: April 19, 2018
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Farmers Renters Insurance
9.7 / 10 - Excellent
#2 in Renters Insurance
Liberty Mutual
8.1 / 10 - Excellent
#6 in Renters Insurance
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Key Facts

  • Quick online quotes 
  • Online payment 
  • Mobile app 
  • Multiple discounts
  • Large agent network
  • "A" (Excellent) financial strength ratings
  • A-rated and accredited by the BBB
  • Protect valuable items at home and on the go
  • Discount options and add-ons available
  • Round-the-clock online claims processing

OVERALL RATINGS

 FarmersLiberty Mutual
Financial Strength10/109/10
Coverage9/108/10
Pricing & Discounts10/108/10
Customer Experience10/107/10

Coverage Compared

 FarmersLiberty Mutual
Basic Coverage
Personal Property
Personal Liability
Loss of Use / Additional Living Expenses
Personal Property
Personal Liability
Optional Coverage
Identity Theft Restoration
Off-premises Event Coverage
Property Valuation Methods
Replacement Cost
Actual Cash Value
Replacement Cost
Actual Cash Value

Exclusions

Damage from natural disasters like floods and earthquakes is not covered.

Pricing & Discounts

 FarmersLiberty Mutual
Annual Premium
Starting at $150
Deductible Options
$100 - $5000
Property-Level Discounts
Burglary Protected
Fire Protection
Sprinkler System
Policy Discounts
Multi-Policy
Multi-Policy
Claim-Free

Customer Experience

Customer Ratings

 FarmersLiberty Mutual
TrustPilot Rating
6.1 out of 10
BBB Rating
A+
A+
Number of BBB Positive Reviews
3
12
Number of BBB Negative Reviews
17
223

National Association of Insurance Commissioners

 FarmersLiberty Mutual
NAIC Complaint Ratio 2016
0.5
12.77
NAIC Total Complaints 2016
65
90
*The NAIC complaint ratio (in this case 0.5) is a ratio of the number of complaints a company received to the its total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.
*The NAIC complaint ratio (in this case 12.77) is a ratio of the number of complaints a company received to the its total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.

Financial Strength Ratings

 FarmersLiberty Mutual
Underwriter
Farmers New World Life Insurance Company
Liberty Mutual Holding Company, Inc.
Standard & Poor's Financial Rating
A+
A
Moody's Financial Rating
A2
A2
AM Best Financial Rating
A
A
Company Type
Underwriter
Underwriter
*The above information reflects the financial strength of the underwriter of the Farmers renters insurance policies: Farmers New World Life Insurance Company.
*The above information reflects the financial strength of the underwriter of the Liberty Mutual renters insurance policies: Liberty Mutual Holding Company, Inc..

Contact & Additional Information

 FarmersLiberty Mutual
Homepage URL
Company Phone
(800) 435-7764
(800) 290-7841
Headquarters Address
4680 Wilshire Blvd, Los Angeles, CA, 90010
175 Berkeley Street, Ninth Floor, Boston, MA
Year Founded
1928
1912

Final Verdict

Farmers Renters Insurance has a higher overall rating than Liberty Mutual Renters Insurance. Farmers scores better than Liberty Mutual across: Financial Strength, Coverage, Pricing & Discounts, and Customer Experience.