Liberty Mutual Car Insurance Review 2022 – Forbes Advisor

Liberty Mutual car insurance offers various coverage features you can choose to add on to broaden your coverage:

Accident forgiveness

Optional accident forgiveness coverage keeps your rates from going up after your first accident. You must be accident-free and violation-free for the last five years to qualify for Liberty Mutual’s accident forgiveness coverage.

Diminishing deductible

Your car insurance deductible is the amount subtracted from your claims check when you make a collision or comprehensive insurance claim. Liberty Mutual offers a diminishing deductible through its deductible fund. The deductible fund lets drivers reduce their deductible amount by $100 each year.

If you participate in the deductible fund, you’ll pay $30 annually, and in return, Liberty Mutual will lower your deductible by $100 each year. If you make a claim, your deductible is decreased by the balance in your deductible fund.

For example, say you have a $500 deductible and have an accident after taking part in the deductible fund for three years. Your deductible is reduced to $200 as your deductible fund covers the remaining $300.

Gap insurance

If you lease or finance your car, Liberty Mutual offers gap insurance. If your car is totaled or stolen, gap insurance pays the difference between your car’s value and the loan or lease amount you still owe.

New car replacement

Liberty Mutual offers new car replacement coverage for drivers who purchase a new car. If your car is totaled or stolen during the first year you own it or before you log 15,000 miles, this coverage provides money to buy a new car of the same make and model. Without new car replacement, you would be paid an amount equal to the value of your vehicle right before the accident, minus your deductible.

If your car is one year or older, you can purchase “better car replacement” coverage. This benefit pays you enough money to replace your totaled car with a car that is one model year newer and with 15,000 fewer miles.

Lifetime repair guarantee

A lifetime repair guarantee comes standard with a Liberty Mutual car insurance policy. Car repairs from an accident or incident covered by your policy are guaranteed for as long as you own the car if you use a Liberty Mutual repair network shop to fix your car. Other perks include Liberty Mutual paying the shop directly for the repairs and your ability to track the progress of repairs on Liberty Mutual’s app.

Original parts replacement

Original parts replacement coverage allows you to replace damaged components with original equipment manufacturer (OEM) parts for an incident covered by your collision coverage or comprehensive coverage. If OEM parts are not available or no longer in production, Liberty Mutual car insurance will pay for comparable or reconditioned parts.

Rental car reimbursement

If your car is in the shop for repairs due to an accident or other problem covered by your car insurance policy, rental reimbursement coverage pays for your rental car.

Coverage varies by state and comes with daily limits. If you use an approved repair shop and let Liberty Mutual arrange the rental car, the coverage will pay for it until repairs are complete. Otherwise, you may be limited on how long you can keep the rental car.

Roadside assistance

Liberty Mutual’s 24-hour optional roadside assistance coverage can help if your car is disabled. Also referred to as towing & labor coverage, this pays for: towing to a repair facility, battery jump starts, flat tire changes, emergency fuel delivery and help with unlocking doors.