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Geico vs. Liberty Mutual Home Insurance

Read this Geico vs. Liberty Mutual home insurance comparison and decide which home insurance company is best for you.

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Geico and Liberty Mutual are two of the best home insurance companies in the industry that provide insurance to homeowners across the nation. Keep reading our Geico vs. Liberty Mutual home insurance review to learn about the differences in customer service, endorsements, and discounts.

Geico vs. Liberty Mutual: Home Insurance Comparison

Provider Geico Liberty Mutual
Provider Geico Liberty Mutual
Other structures coverage limits 10% of dwelling 10% of dwelling
Personal property coverage limits 70% of dwelling 70% of dwelling
Liability coverage limits $100,000, $200,000, $300,000, $500,000, or $1 million $100,000, $200,000, $300,000, or $500,000
Monthly price* $116 $139
Unique add-ons Valuable collections, rebuilding Water backup, sump overflow, hurricanes
Customer service 24/7 24/7 for claims; limited for sales and service
BBB rating A+ A+

*Based on quotes from Raleigh, North Carolina

Geico vs. Liberty Mutual Home Insurance Coverage Comparison

Geico and Liberty Mutual offer the same types of coverage—dwelling, other structures, personal property, loss of use, liability, and medical payments to others.

Geico Coverage

When requesting a Geico quote, you’ll provide information about your home, and the company will give you a rebuilding cost estimate that you use for dwelling coverage. Other structures, personal property, and loss of use coverage is determined using the guidelines below, and you’ll get to choose your liability and medical payments coverage and deductible.

Coverage

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, or $1 million
Medical payments to others $1,000, $2,000, $3,000, $4,000, or $5,000
Deductible $250, $500, $1,000, or $2,500

To further customize your policy, Geico offers the following endorsement options:

  • Water backup and sump overflow
  • Identity theft protection
  • Business pursuit
  • Loss assessment coverage
  • Earthquake coverage
  • Blanket jewelry coverage

Liberty Mutual Coverage

Liberty Mutual coverage options look identical to Geico’s because Geico doesn’t have its own insurance policies—instead, Geico uses an underwriting company to provide insurance to its customers, and Liberty Mutual is one of the home insurance underwriters for Geico.

Here’s an overview of Liberty Mutual coverage limitations:

Coverage

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, or $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

If you buy a policy directly through Liberty Mutual, here are some endorsements you can add to your plan:

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

Geico vs. Liberty Mutual Home Insurance Cost Comparison

According to the Insurance Information Institute, the average homeowner paid about $101 per month for homeowners insurance in 2017. However, the overall cost of your policy will depend on the following factors:

  • Credit score
  • Square footage of your home
  • Claims history
  • Cost to rebuild your house
  • Proximity to a fire station and fire hydrant
  • Number and type of pets

To give you an idea of how Geico and Liberty Mutual policies compare to the national average, we requested quotes from both companies using their online quote tools. We used the same one-story house in Raleigh, North Carolina, with four bedrooms and 3.5 baths.

Geico Cost

After answering questions about the home, like the type of materials used for roofing, siding, flooring, and countertops, Geico estimated that the property would cost $239,100 to rebuild. Other structures, personal property, and loss of use coverage was calculated from that number, and we chose the liability, medical payments, and deductible amounts.

Here’s how much a Geico home insurance policy would cost for a one-story house in Raleigh:

Pricing

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $239,100
Other structures $23,910
Personal property $167,370
Loss of use $47,820
Liability $300,000
Medical payments to others $1,000 per person
Deductible $1,000
Monthly cost $116

Geico also offers three discounts to help you save money on your policy:

  • Multi-policy (bundling Geico auto insurance with your home insurance policy)
  • Having smoke detectors and fire extinguishers
  • Having home security systems

Note: You may be eligible for more discounts through the underwriting company for your policy.

Liberty Mutual Cost

Our team went through a similar process for getting a Liberty Mutual quote, however, Liberty Mutual estimated a higher cost to rebuild even though we used the same house information.

Here’s how much a Liberty Mutual home insurance policy would cost for a one-story house in Raleigh:

Pricing

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

Here are a few Liberty Mutual discounts that could help you save money on your policy:

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

Our Conclusion

Though Liberty Mutual is slightly more expensive than Geico, we recommend Liberty Mutual for its multiple discount offerings and specific coverage. Additionally, if you purchase a policy through Liberty Mutual, you’ll get to communicate with Liberty Mutual directly instead of having Geico as an intermediary.

The biggest downside to Liberty Mutual is its customer service. Geico has 24/7 phone lines for any insurance question, while Liberty Mutual has a 24/7 claims line and limited hours for sales and policy questions. Geico also has a chat function on its website, along with an app and customer portal, while Liberty Mutual only has a portal and app.

Before deciding on an insurance provider, whether it’s Liberty Mutual, Geico, or another home insurance company, we recommend getting at least three homeowners insurance quotes. This will allow you to compare coverage options, pricing, discounts, and more.

FAQs About Geico and Liberty Mutual Home Insurance

Why did my homeowners insurance provider deny my claim?

Your claim will be denied if the damage isn’t covered under your policy. Read the terms and conditions of your contract to verify that the damage fits into one of the areas of coverage (dwelling, other structures, personal property, loss of use, liability, or medical payments to others) and that the event that caused the damage is listed as a covered peril.

How do I determine how much dwelling coverage to get?

You should buy enough dwelling coverage to cover the cost of rebuilding your home as if it were new. Most insurance companies will ask you questions about your home to determine this amount, however, as noted above in the cost section, the two companies estimated the same house differently. The best way to determine how much it would cost to rebuild your home is to talk to an appraiser who has knowledge of the local real estate market.

How much liability coverage do I need?

Most insurance companies let you purchase as little as $100,000 worth of liability coverage, but the recommended liability coverage amount is at least $300,000 for a standard homeowners insurance policy.

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