Liberty Mutual insurance was founded in Boston in 1912 as the Massachusetts Employees' Insurance Association (MEIA). The mutual company was founded in response to a law by the Massachusetts legislature that all employers protect their employees with workers compensation insurance.
In 1914, the company opened its first branch office in Springfield, Mass., and it offered its first auto insurance policy.
Three years later, MEIA changed its name to the Liberty Mutual Insurance Co. and began writing public liability insurance. In 1917, it also entered into an agreement with the United Mutual Fire Insurance Company (later named Liberty Mutual Fire Insurance) to provide complete automobile insurance.
In 1930, Liberty Mutual started distributing safe-driving materials for driver’s education classes in high school. The practice continues today.
In 1936, Liberty Mutual broke ground on its new headquarters in Boston. A year later, it began offering auto insurance in all 48 states.
In 2002, the company converted to a mutual holding company to better compete in international property and casualty markets.
It is now the sixth-largest auto and home insurer in the United States.
Liberty Mutual offers a number of discounts including for insuring multiple cars and both your car and home, good students, safety features such as anti-lock brakes, and low-mileage driving.
It has affinity partnerships, which allow employees and members of more than 14,000 companies, credit unions, professional associations and alumni groups to buy insurance at a discount.
Liberty Mutual also offers special auto insurance coverage to protect teachers' vehicles and personal teaching or school-owned property in the vehicle for school business.
Liberty Mutual offers motorcycle insurance and other types of insurance.