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Liberty Mutual vs. State Farm Home Insurance

To get protection for your home and personal belongings, consider purchasing a homeowners insurance policy for about $100 per month. Read our Liberty Mutual vs. State Farm home insurance review to compare coverage options and pricing.

American Home Adobe

Liberty Mutual and State Farm both offer dwelling, other structures, personal property, loss of use, liability, and medical payments to others coverage in their homeowners insurance policies. However, they differ in terms of endorsements, discounts, and customer service. Keep reading to learn about those differences and determine the best homeowners insurance provider for your home.

To get home insurance quotes in your area, call 855-948-5219 or enter your zip code in our free quote tool:

Liberty Mutual vs. State Farm Home Insurance Comparison

Provider Liberty Mutual State Farm
Provider Liberty Mutual State Farm
Other structures coverage limits* 10% of dwelling 10% of dwelling
Personal property coverage limits* 70% of dwelling 50% of dwelling
Monthly price** $139 $122
Unique add-ons Water backup, sump overflow, hurricanes Energy efficiency upgrade, service line
Customer service 24/7 for claims; limited for sales and service Hours vary by department
BBB rating A+ A+

*State Farm coverage information according to The Zebra

**Based on sample quotes our team received

Liberty Mutual vs. State Farm Home Insurance Coverage Comparison

Liberty Mutual and State Farm coverage includes dwelling, other structures, personal property, loss of use, personal liability, and medical payments to others protection. The biggest difference between the two providers is that State Farm offers double the number of endorsements.

Liberty Mutual Coverage

Liberty Mutual uses a percentage of dwelling coverage for other structures, personal property, and loss of use coverage. To determine those percentages, along with your options for liability, medical payments, and deductibles, scan the table below.

Liberty Mutual Coverage Amounts

Type of Coverage Coverage Options
Type of Coverage Coverage Options
Other structures 10% of dwelling
Personal property 70% of dwelling
Loss of use 20% of dwelling
Liability $100,000, $200,000, $300,000, $500,000
Medical payments to others $1,000, $2,000, $3,000, $4,000, or $5,000
Deductible $250, $500, $1,000, or $2,500

Additionally, Liberty Mutual allows you to customize your coverage with these six endorsements:

  • Water backup and sump overflow
  • Identity fraud expense
  • Earthquake
  • Blanket jewelry
  • Hurricane
  • Personal property replacement cost

State Farm Coverage

State Farm calculates coverage amounts by asking you questions about the rebuilding cost of your home. This cost is used for dwelling coverage, which is used to determine other structures, personal property, and loss of use coverage.

State Farm Coverage Amounts

Type of Coverage Coverage Options
Type of Coverage Coverage Options
Other structures 10% of dwelling
Personal property 50% of dwelling
Loss of use 20% of dwelling

Note: These figures are based on a sample quote our team received from State Farm. To compare your coverage options, contact your local State Farm agent.

State Farm offers 11 add-ons for more comprehensive coverage:

  • Personal injury
  • Cyber event, identity restoration, and fraud loss
  • Home systems protection
  • Off-premises structures
  • Adult daycare
  • Depreciated loss
  • Service line
  • Earthquake
  • Full replacement cost
  • Energy efficiency upgrade
  • Water backup and sump pump overflow

Liberty Mutual vs. State Farm Home Insurance Cost Comparison

To see how State Farm and Liberty Mutual insurance rates compare to the industry average, the This Old House Reviews Team requested quotes from both homeowners insurance companies.

Liberty Mutual Cost

Liberty Mutual estimated the rebuilding cost for the home used during the quote process to be $322,500. A percentage of that cost was then used for other structures, personal property, and loss of use amounts, and the liability, medical payments to others, and deductible amounts were customized by us.

Liberty Mutual Cost Breakdown

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $322,500
Other structures $32,250
Personal property $225,750
Loss of use $64,500
Liability $300,000
Medical payments to others $1,000 per person
Deductible $1,000
Monthly cost $139

To lower premium costs, Liberty Mutual offers discounts such as the following:

  • Claims-free
  • Safe homeowner
  • Early shopper
  • Newly purchased home
  • New/renovated home
  • New roof
  • Multi-policy
  • Insured to value
  • Preferred payment
  • Paperless policy

State Farm Cost

Similar to Liberty Mutual, State Farm uses the rebuilding cost of your home to determine dwelling, other structures, personal property, and loss of use coverage and allows you to choose liability, medical payments, and deductible amounts.

State Farm Cost Breakdown*

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $250,000
Other structures $25,000
Personal property $125,000
Loss of use $50,000
Liability $300,000
Medical payments to others $1,000 per person
Deductible $1,000
Monthly cost $122

*Quote and pricing information according to The Zebra

State Farm offers these discounts to help lower your premium:

  • Multiple line
  • Home alert protection
  • Roofing

Our Conclusion

After taking a deep dive into Liberty Mutual and State Farm, the This Old House Reviews Team recommends Liberty Mutual for homeowners who want 24/7 customer service and State Farm for homeowners who want customizable coverage.

Liberty Mutual has a 24/7 customer service center for claims questions, while State Farm offers limited service hours for all departments. Liberty Mutual also allows you to get a quote online in under 30 minutes, while State Farm requires you to talk to a local agent on the phone to finalize your quote.

The biggest benefit of choosing a State Farm policy is the long list of endorsements the company offers. State Farm offers 11 endorsement options, including unique add-ons for personal injury and coverage for off-premise structures.

When looking at cost, Liberty Mutual’s policy is more expensive, but that’s because you’re receiving more coverage. Liberty Mutual estimated the rebuilding cost of the home we used during the quote process to be higher, so dwelling, other structures, personal property, and loss of use coverage amounts will also be higher. Additionally, Liberty Mutual gives you 70% of dwelling coverage for personal property coverage compared to State Farm’s 50%.

Because coverage and cost from Liberty Mutual and State Farm may vary by state, we recommend calling 855-948-5219 or using the tool below to determine what policies from these companies would look like for you:

FAQs About Liberty Mutual and State Farm Home Insurance

What is an umbrella policy?

An umbrella policy increases the liability protection you have in your home insurance policy. Liability coverage is designed to protect all of your assets like your car, home, personal belongings, business, and vacation home so that you won’t lose them if you’re sued.

If your assets are worth more than the liability coverage limit on your homeowners policy, you can purchase an umbrella policy. When you file a claim, the liability protection under your home insurance policy will kick in first and any remaining amount will be covered by your umbrella policy.

What are the benefits of having multiple policies from one insurance company?

If you choose to get home insurance from the same company that provides your auto insurance, life insurance, or another type of policy, you’ll get coverage from a company you already know and trust and a discount for bundling insurance policies.

How will my dog affect my homeowners insurance policy?

Typically, insurance companies will cover your dog under the liability coverage portion of your policy for a higher premium. However, if you have a dog with a history of aggression or you have a breed that’s historically been considered aggressive, like a German Shepherd or pit bull, certain insurance providers may deny you coverage altogether. If that happens, you may want to consider a separate pet insurance policy.

Who has the cheapest homeowners insurance?

Progressive, Amica®, AAA, Travelers, and Lemonade all gave us home insurance quotes that were under the national average of $101 per month. Check out our cheap homeowners insurance review to learn about other companies that offer affordable insurance for homeowners.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.