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. In Arizona, drivers with bad credit can pay nearly 60% more for insurance than those with excellent scores. Take a look below to see what the average Arizonan pays based on their credit rating.
The good news is that safe driving habits could translate into big savings for Liberty Mutual customers. Remember that while Liberty Mutual doesn't require you to take out another policy before canceling coverage, you should make sure you meet at least your state's minimum auto insurance requirements. Getting the minimum amount of insurance you need in Arizona can save you heavy fines, losing your license and having to apply for SR-22 insurance. Liberty Mutual offers a wide range of insurance products, including personal auto insurance, workers' compensation, general liability, and more.
Overall, Liberty Mutual has scores well above satisfactory ratings with a bright outlook for its financial future. However, the S&P, similar to Moody's, showed that Liberty Mutual could be more subject to economic changes than competitors with higher ratings. Form SR-22 is proof from your insurance company that you have at least the minimum insurance requirement. 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.
He is licensed as an insurance agent to issue property and accident insurance, including home, life, auto, general and home fire insurance. Because your credit history is correlated with your likelihood of filing an insurance claim, Liberty Mutual uses your credit data to calculate your premium in states where it is legal. The rate trend discussed above continues here, as Liberty Mutual charges the highest rates of all publicly traded companies based on a bad, fair and good credit history. You can also save with the company's multi-vehicle discount if you insure all your vehicles through Liberty Mutual.
The table below shows that, for brand and model rates, Liberty Mutual once again has the highest rates in all aspects. According to Great Place to Work, 83 percent of employees say Liberty Mutual is a great place to work. This information may be different from what you see when you visit the website of an insurance provider, insurance agency, or insurance company.