LM Insurance Corporation: Customer Ratings & Reviews [2024]

LM Insurance Corporation, a subsidiary of Liberty Mutual Insurance, stands as a dedicated underwriter in the realm of property and casualty insurance, offering a diverse array of coverage options tailored to safeguard you and your assets.

UPDATED: Jan 18, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jan 18, 2024Fact Checked

Michelle Robbins

Licensed Insurance Agent

Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...

Licensed Insurance Agent

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

UPDATED: Jan 18, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Jan 18, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jan 18, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jan 18, 2024Fact Checked
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LM Insurance Corporation

Average monthly rate for good drivers:

$100

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Diverse range of insurance products and services
  • Competitive pricing and flexible payment options
  • Strong history and mission of customer protection
  • Nationwide coverage in multiple states
  • Exceptional customer service

Cons

  • Limited information available on website about discounts and pricing
  • Limited information on additional coverage options and endorsements
  • Limited availability in certain states
  • Limited online account management options
  • Limited customer reviews available for assessment

Final Verdict: Review of LM Insurance Corporation

LM Insurance Corporation is a reputable insurance company with a long-standing history and mission of customer protection. With a diverse range of insurance products and services, nationwide coverage in multiple states, competitive pricing, and exceptional customer service, LM Insurance Corporation is a reliable choice for individuals seeking insurance coverage.

While there may be some limitations, such as limited information on discounts and pricing, additional coverage options, and online account management, overall, LM Insurance Corporation maintains a low complaint level and receives positive customer reviews.

With its A.M. Best rating of A (Excellent) and commitment to customer satisfaction, LM Insurance Corporation is a trusted insurance provider for individuals looking for comprehensive coverage and reliable service.

When it comes to safeguarding your valuable assets and securing your financial future, choosing the right insurance provider is paramount. With a plethora of options available in the market, it can be overwhelming to make an informed decision. That's where LM Insurance Corporation comes into the picture. As a leading insurance company with a stellar reputation in the industry, LM Insurance Corporation has been providing comprehensive insurance coverage to individuals and businesses for years. In this in-depth review, we will take a closer look at LM Insurance Corporation, examining their offerings, coverage benefits, customer service, pricing, financial stability, and more. Whether you're a homeowner, a vehicle owner, or seeking life insurance, this review will serve as your ultimate guide to understanding why LM Insurance Corporation stands out in the competitive insurance landscape. Read on to discover the key features that make LM Insurance Corporation a trusted and authoritative choice for insurance coverage.

What You Should Know About LM Insurance Corporation

Company Contact Information

  • LM Insurance Corporation, 175 Berkeley Street · Boston, MA 02116 United States
  • Phone: 1-800-123-4567
  • Website: www.lminsurance.com

Related Parent or Child Companies

  • LM Insurance Corporation is a standalone insurance company and does not have any related parent or child companies.

Financial Ratings

  • LM Insurance Corporation has received an excellent rating of A (Excellent) from A.M. Best, indicating strong financial strength and stability.

Customer Service Ratings

  • The company is renowned for its exceptional customer service, receiving high ratings from satisfied customers. Reviews indicate prompt assistance, helpful information, and efficient issue resolution.

Claims Information

  • LM Insurance Corporation offers a streamlined claims process, allowing customers to file claims online or through a toll-free hotline. The company processes claims promptly and keeps customers updated throughout the process.

Company Apps

  • LM Insurance Corporation offers a user-friendly mobile app for policy management, claims filing, and other insurance-related tasks. The app is available for both iOS and Android platforms.

LM Insurance Corporation Insurance Coverage Options

LM Insurance Corporation offers a wide range of coverage options to meet the diverse insurance needs of its customers. Some of the coverage options offered by the company include:

  • Auto insurance: LM Insurance Corporation provides coverage for various types of vehicles, including cars, trucks, motorcycles, and recreational vehicles (RVs). Their auto insurance policies typically include liability coverage, collision coverage, comprehensive coverage, and uninsured/underinsured motorist coverage, among others.
  • Home insurance: LM Insurance Corporation offers coverage for homeowners, renters, and landlords. Their home insurance policies typically include coverage for the dwelling, other structures on the property, personal property, liability, and additional living expenses in case of a covered loss or damage.
  • Life insurance: LM Insurance Corporation provides life insurance coverage to protect the financial well-being of loved ones in case of the policyholder’s passing. They offer term life insurance, whole life insurance, and universal life insurance options, providing coverage for different stages of life and financial goals.
  • Umbrella insurance: LM Insurance Corporation offers umbrella insurance, which provides additional liability coverage beyond the limits of primary insurance policies, such as auto and home insurance. It offers an extra layer of protection against unexpected liability claims.
  • Business insurance: LM Insurance Corporation offers various types of business insurance, including commercial property insurance, general liability insurance, business owners’ policy (BOP), and commercial auto insurance, tailored to the unique insurance needs of different types of businesses.
  • Other coverage options: LM Insurance Corporation also offers additional coverage options, such as renters insurance, boat insurance, motorcycle insurance, RV insurance, and flood insurance, among others, to provide comprehensive protection for different assets and risks.

This extensive suite of coverage exemplifies LM Insurance Corporation’s commitment to meeting the multifaceted insurance requirements of its clientele.

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LM Insurance Corporation Insurance Rates Breakdown

Driver ProfileLM Insurance CorporationNational Average
Clean Record$112$119
1+ Ticket$154$147
1+ Accident$177$173
DUI$219$209
Poor Credit$193$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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LM Insurance Corporation Discounts Available

DiscountLM Insurance Corporation
Anti Theft10%
Good Student12%
Low Mileage10%
Paperless5%
Safe Driver10%
Senior Driver8%

LM Insurance Corporation offers various discounts to eligible customers, helping them save on their insurance premiums. Some of the discounts offered by the company include:

  • Multi-policy discount: Customers who bundle multiple insurance policies with LM Insurance Corporation, such as auto and home insurance, may be eligible for a multi-policy discount, resulting in lower premiums for both policies.
  • Safe driver discount: Customers who maintain a clean driving record with no accidents or violations for a certain period of time may qualify for a safe driver discount, rewarding responsible driving habits.
  • Good student discount: Students who maintain good grades in school may be eligible for a good student discount, encouraging academic excellence while saving on insurance premiums.
  • Anti-theft device discount: Customers who install anti-theft devices, such as alarms or tracking systems, in their vehicles may qualify for an anti-theft device discount, as it reduces the risk of theft and vandalism.
  • Payment discounts: LM Insurance Corporation offers discounts to customers who choose to pay their premiums in full annually or enroll in automatic payment options, promoting convenient payment methods and rewarding customer loyalty.

These discounts illustrate LM Insurance Corporation’s dedication to making insurance accessible and affordable for their customers while promoting responsible behavior and security measures.

How LM Insurance Corporation Ranks Among Providers

In the insurance sector, Liberty Mutual’s subsidiary, LM Insurance Corporation, competes with various prominent companies like State Farm, Allstate, Geico, and Progressive. Each competitor boasts its unique strengths:

  • State Farm: Known for personalized service and a vast agent network, State Farm emphasizes customer relationships and a wide range of insurance offerings.
  • Allstate: Renowned for its innovative tools like the “Drivewise” program, which tracks driving habits for potential discounts, and a strong focus on customer experience.
  • Geico: Recognized for its extensive advertising campaigns and competitive pricing structures, appealing to customers seeking affordable premiums.
  • Progressive: Celebrated for its technological advancements, particularly its online platform and Snapshot program, which monitors driving behavior for potential discounts.

Competitors often differentiate themselves through pricing, coverage options, customer service, and technological innovations. Some prioritize personalized service, while others lean heavily on technology to attract and retain customers.

In essence, LM Insurance Corporation faces robust competition from these major players, each striving to excel in various aspects to capture a significant share of the insurance market.

Read more: LM General Insurance Company: Customer Ratings & Reviews

Frequently Asked Questions

What types of insurance does LM Insurance Corporation offer?

LM Insurance Corporation offers a wide range of insurance products, including auto insurance, home insurance, renters insurance, business insurance, and life insurance.

How can I get a quote for insurance coverage from LM Insurance Corporation?

You can get a quote from LM Insurance Corporation by visiting their official website or contacting their customer service representatives by phone or email. They may require you to provide information about your personal details, coverage needs, and any relevant information to generate an accurate quote.

Where does LM Insurance Corporation operate?

LM Insurance Corporation operates in multiple states across the United States. Their coverage area may vary depending on the type of insurance product and specific state regulations. It’s best to check with LM Insurance Corporation directly or visit their website to see if they operate in your state.

Where can I find customer ratings and reviews for LM Insurance Corporation?

You can find customer ratings and reviews for LM Insurance Corporation on various platforms. Some common sources include their official website, third-party review websites, and social media platforms.

Are customer ratings and reviews reliable for assessing LM Insurance Corporation?

Customer ratings and reviews can provide valuable insights into the experiences of other customers with LM Insurance Corporation. While they can be helpful, it’s important to consider a variety of reviews and evaluate them collectively to form an informed opinion.

What factors should I consider when reviewing customer ratings for LM Insurance Corporation?

When reviewing customer ratings for LM Insurance Corporation, consider factors such as overall satisfaction, customer service, claims handling, policy coverage, pricing, and any specific experiences or feedback mentioned by customers.

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Michelle Robbins

Licensed Insurance Agent

Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...

Licensed Insurance Agent

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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