Yes, Liberty Mutual uses your credit score as a factor in determining your auto insurance rates, as do most major insurers. However, credit checks performed by auto insurers don't harm your credit rating and are only done in states where it's legal for your credit rating to affect your rates. If you're facing a premium increase on your next policy renewal, it's worth considering looking for a new auto insurance company. Getting and comparing quotes from multiple insurers, taking advantage of discounts, and maintaining a clean driving record can help you find the cheapest car insurance company for your situation.
Liberty Mutual takes a variety of factors into account when calculating your premium, although some, such as your age and location, are beyond your control. You can reduce the costs of your Liberty Mutual car insurance by taking advantage of Liberty Mutual discounts, opting for a higher deductible and reducing your coverage, among other things. The best auto insurance companies offer rates, coverage options, discounts, third-party scores and digital tools that fit your individual needs. Many auto insurers use credit data to determine their premiums because there is a proven correlation between a lower credit score and a greater likelihood of filing a car insurance claim.
Each insurer uses its own algorithm to calculate premiums, so even if Liberty Mutual is charging you a high premium, you may be able to find a cheaper policy with another insurer. Bankrate spoke to three experts in the auto insurance industry to get their views on the current environment. Bankrate's content team, which includes licensed insurance agents with decades of combined industry experience, researched 122 auto insurance companies to find the best of the best. Practicing safe driving habits and avoiding traffic violations can help you qualify for lower insurance rates from Liberty Mutual in the long term.
Coverage is available to virtually all types of drivers, making their auto insurance coverage generally accessible, even for consumers with an imperfect driving record. For example, Liberty Mutual offers discounts to drivers who insure multiple vehicles on their policy or who pay for their entire policy in advance. Choosing the best car insurance company can be a little more difficult when you consider the needs of several drivers, especially young adults, who don't have as much experience on the road as older drivers. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer.