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 |
|---|---|---|
| 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.
| 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.
| 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.
| 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.
| 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:
Frequently Asked Questions
To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.