AIG vs. Liberty Mutual: Best Life Insurance Company in 2021

AIG vs. Liberty Mutual life insurance rates suggest that AIG can consistently provide cheaper life insurance policies than Liberty Mutual. When comparing AIG and Liberty Mutual ratings and reviews, Liberty Mutual competes favorably against AIG despite of the price. Liberty Mutual and AIG both boast an A.M. Best rating of A for financial strength.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Mar 31, 2021

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Quick Facts

  • The life insurance rates for AIG vs. Liberty Mutual show that AIG is consistently cheaper
  • Both AIG and Liberty Mutual have strong financial ratings with A.M. Best, S&P, and Moody’s
  • AIG shows a need for improvement with consumer interaction when compared to Liberty Mutual

Comparing big insurance companies like AIG vs. Liberty Mutual is common when shopping for life insurance. Finding the best term life insurance quotes is often easier when using a company that can be easily found.

Before you commit to any company, it’s important to research company rates, ratings, and even potential discounts. This AIG vs. Liberty Mutual comparison will cover that and more.

Don’t stop after reading about AIG vs. Liberty Mutual. See if you can save money on life insurance in just a few clicks using our free quote tool above.

AIG vs. Liberty Mutual: Which company is better?

AIG and Liberty Mutual are both popular insurance providers nationwide. Each company offers an assortment of products to help maximize its profits and provide financial stability for customers.

Though Liberty Mutual is most well-known for its auto insurance, they also offer homeowners, renters, and life insurance products. There is one Liberty Mutual phone number for all of these products, and a single Liberty Mutual login, which makes the company a one-stop-shop for insurance.

AIG insurance also offers products beyond life insurance which includes health, accident, and travel insurance. AIG travel insurance is one of its more popular products.

Both companies have a long-standing history of providing insurance products. Liberty Mutual was founded in 1912 while AIG was founded in 1919. Neither company appears to be facing any major hardships.

When shopping for life insurance, it’s sensible to purchase a policy from name brands like AIG and Liberty Mutual, but that doesn’t necessarily mean that it’s the right thing to do. Which company has the best life insurance policy? Let’s take a look.

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AIG vs. Liberty Mutual: Who has better life insurance rates?

Good life insurance rates are sometimes hard to come by. Your rates will depend on your age, gender, occupation, family history, health, and more. Which company has better life insurance rates? Let’s look at some average AIG vs. Liberty Mutual life insurance quotes.

Sample AIG Life Insurance Rates by Age, Gender, and Coverage
Age $100,000: 20-Year Term (Male)$100,000: 20-Year Term (Female)$250,000: 20-Year Term (Male)$250,000: 20-Year Term (Female)$500,000: 20-Year Term (Male)$500,000: 20-Year Term (Female)
25$10.94$10.60$12.90$11.33$19.57$16.67
35$11.17$11.07$13.53$12.69$21.28$18.37
45$17.59$14.42$28.28$23.06$48.60$38.47
55$37.26$27.46$69.89$52.58$124.83$90.58
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AIG offers consistent and reasonable life insurance rates that follow standard pricing procedures. It’s expected that life insurance will typically cost more for males, older adults, and for higher coverage amounts.

On the contrary, you can find cheaper life insurance policies if you are female, have a lower policy amount, or if you commit to longer terms while you are young.

To find out how much coverage you should get, you can take advantage of our term life insurance calculator. Now that you’ve seen the AIG life insurance rates, is Liberty Mutual more expensive?

Sample Liberty Mutual Life Insurance Rates by Age, Gender, and Coverage
Age $100,000: 20-Year Term (Male)$100,000: 20-Year Term (Female)$250,000: 20-Year Term (Male)$250,000: 20-Year Term (Female)$500,000: 20-Year Term (Male)$500,000: 20-Year Term (Female)
25$22.14$17.73$33.30$23.40$45.45$35.55
35$24.03$20.16$39.60$30.15$60.30$45.00
45$39.06$32.04$78.53$62.33$123.75$95.85
55$95.58$67.05$220.95$149.85$380.70$247.05
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When comparing the AIG vs. Liberty Mutual life insurance rates, there are some noticeable differences. Liberty Mutual appears to have a higher starting rate for life insurance policies for healthy adults, regardless of age or gender.

Average AIG vs. Liberty Mutual Life Insurance Rates Comparison by Age, Gender, and Term Length for $250,000
Age and Gender10-Year Term (AIG)10-Year Term (Liberty Mutual)20-Year Term (AIG)20-Year Term (Liberty Mutual)
25 - Male$10.34$31.28$12.90$33.30
25 - Female$9.57$20.70$11.33$23.40
35 - Male$11.67$32.40$13.53$39.60
35 - Female$11.08$21.38$12.69$30.15
45 - Male$17.95$44.33$28.28$78.53
45 - Female$16.46$33.75$23.06$62.33
55 - Male$41.68$119.25$69.89$144.68
55 - Female $31.68$80.10$52.58$107.78
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As you can see, AIG has substantially lower life insurance rates than Liberty Mutual. At times, the average Liberty Mutual rates are over three times that of AIG.

This is a perfect example of why you should compare before you buy AIG vs. Liberty Mutual life insurance. Both companies are staples in the insurance industry, but one company has a clear edge on cost.

AIG vs. Liberty Mutual: Which company has better ratings?

Life insurance rates are one of the top concerns for consumers, but that shouldn’t be the only focus. It’s also important to learn which company has the potential to payout when the time comes and how difficult that might be.

Financial ratings help customers determine how stable a life insurance company might be. Below, we analyze the AIG vs. Liberty Mutual financial strength ratings. Knowing the price, is Liberty Mutual Insurance any good?

Ratings Comparison for AIG vs. Liberty Mutual
Ratings AgencyAIG RatingLiberty Mutual Rating
A.M. BestAA
Better Business Bureau (BBB)FA+
Fitch's RatingsA+BBB+
J.D. Power742N/A
Moody'sA2A2
Standard & Poor's (S&P)A+A
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The company ratings for AIG vs. Liberty Mutual show us a few things. To start, AIG is a more reputable life insurance provider that has greater financial backing.

The Fitch and S&P ratings for AIG are slightly higher than the ratings for Liberty Mutual. To further support that, it’s worth noting that Liberty Mutual is not reported as a top life insurance provider according to J.D. Power.

It’s also worth noting that Liberty Mutual does have a significantly higher rating through the Better Business Bureau. The BBB ratings represent the likelihood of interaction with the company and AIG falls short in this department.

Though AIG is on the aforementioned J.D. Power list, they are still ranked below the industry average. This means that AIG needs improvement with its customer service. Liberty Mutual’s customer service appears to be favorable.

AIG vs. Liberty Mutual: Which company offers better discounts?

Price is king with life insurance. When making your final decisions on a life insurance company, understanding additional benefits like discounts could be a deal-breaker. This is just one of a list of things to ask yourself before you buy life insurance.

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AIG and Liberty Mutual are similar in the sense that neither company really offers any life insurance discounts. You can purchase additional life insurance riders with either company that some insurers include with policies.

Most life insurance policies don’t have discounts or sales but you can sometimes get additional benefits or riders included with your life insurance policy.

Liberty Mutual does offer discounts for bundling some insurance products, so there is the potential to earn a discount if you purchase more than one Liberty Mutual policy.

Even with a discount, it is unlikely that your life insurance policy with Liberty Mutual will be less than with AIG. Keep in mind that there may be differences when comparing AIG vs Liberty Mutual car insurance.

AIG might have a greater focus on life insurance products while Liberty Mutual tends to emphasize car insurance.

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AIG vs. Liberty Mutual: What are the pros and cons?

AIG and Liberty Mutual are both popular names in insurance and for good reason. Even so, every company has good and bad features.

To help you choose the company with the best policy options, we’ll highlight the good and the bad below.

Pros

  • Strong Financial Ratings (Both Companies)
  • Great Rates (AIG)
  • Great BBB Ratings (Liberty Mutual)

Cons

  • No Discounts (Both Companies)
  • Poor BBB Ratings (AIG)
  • Expensive Rates (Liberty Mutual)

While both companies can be considered strong life insurance providers, the best life insurance company for you will depend on what you’re looking for.

AIG vs. Liberty Mutual: The Bottom Line

Throughout this article, we highlighted the rates, ratings, and potential discounts for AIG and Liberty Mutual life insurance. AIG offers much better rates but at the potential expense of good customer service vs. Liberty Mutual.

Now that you’ve taken a look at AIG vs. Liberty Mutual life insurance, it’s time to shop. Get numerous quotes from top companies in minutes with our free quote tool below.

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