Liberty Mutual renters insurance offers deductibles as high as $5,000, along with a 3 out of 5 star rating for its claims processes with J.D. Power.
By
Colin LalleyColin LalleyContent Director, Home & Auto InsuranceColin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.
Our proprietary ratings methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the “Ratings methodology” section for more details.
4.3
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
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Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
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The bottom line
Liberty Mutual stands out thanks to its high $5,000 deductible option that can help you keep your rates low. You can also score savings by bundling your renters and car insurance together or installing safety devices around your home. Its personal property coverage starts at $15,000, and its personal liability coverage taps out at $1 million — high compared to other renters insurance companies.
Pros
Choose a deductible from as low as $100 to as high as $5,000
Up to $1 million. in personal liability coverage available
Save on rates with multi-policy and home safety discounts
Cons
Can't schedule additional coverage for high-value items online
Doesn't offer earthquake coverage
The longstanding Liberty Mutual, founded way back in 1912, advertises renters insurance policies starting at $20 a month.
Colin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.
