No, Liberty Mutual and Geico are not the same company. Liberty Mutual was founded in 1926 and is headquartered in Boston, Massachusetts. The company is another national auto insurance provider and, like Geico, also has a well-known mascot, the emu LiMu. In addition to auto insurance, Liberty Mutual offers a variety of insurance products, including property, business and life insurance.
In the United States, Liberty Mutual is still an investment company in which insured persons holding insurance contracts are considered shareholders of the company. However, the Liberty Mutual Group brand usually operates as an independent entity outside the United States, where a subsidiary is often created in countries where the benefits of legally recognized mutual companies cannot be enjoyed. The institute's findings are the basis for the safety programs, recommendations and software used by Liberty Mutual loss control consultants to help policyholders improve worker safety. Founded in 1954, the Liberty Mutual Research Institute for Safety studied the occupational safety and health of workers.
Liberty Mutual Group is a diversified global American insurer and the sixth largest property and accident insurer in the United States. Liberty Mutual's coverage options are identical to those of Geico because Geico doesn't have its own insurance policies, Geico uses an insurance company to offer insurance to its customers, and Liberty Mutual is one of Geico's home insurance insurers. Average car insurance premiums aren't available to Liberty Mutual, so it's difficult to determine if Geico has cheaper car insurance. Liberty Mutual settled the lawsuit in December 2001, which required additional disclosure and limited some compensation to company officers and directors.
Both Geico and Liberty Mutual offer unique opportunities for discounts on auto insurance, which could help you get a lower rate if you qualify. Review Liberty Mutual home insurance to learn about the differences in customer service, promotions and discounts. These products carry the Liberty Mutual Insurance and Sfeco brands, and are distributed through a network of more than 2,300 sales professionals. However, Geico's average rates, calculated by Bankrate's insurance team with premium data from Quadrant Information Services, are much lower than the national average cost of car insurance across the country.
The name was changed in 1917 to Liberty Mutual Insurance Company and, through partnerships, the company began offering full-coverage auto policies. Based on quotes from Raleigh, North Carolina, here's a summary of the difference in costs between a Liberty Mutual home insurance policy and a Geico home insurance policy.