INSURANCEPENDING

Peoria to renew Liberty Mutual property and auto insurance

The City of Peoria plans to renew its property and commercial auto insurance program with Liberty Mutual Insurance for the July 1, 2026 to July 1, 2027 term at an estimated premium of $570,377. The coverage will insure over $272 million in property, $43 million in vehicles and equipment, and more than $3 million in fine arts.

Status
PENDING
Document date
June 23, 2026
Contract type
INSURANCE
Vendor
Liberty Mutual Insurance
Agency
Town of Akron · IL

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$570,377
Contract type
INSURANCE
Contract term
July 1, 2026 – July 1, 2027 (one-year term)
Renewal date
2027-07-01
Renewal
Proposal indicates a 2026–2027 renewal with Liberty Mutual Insurance, reflecting a 14% decrease from the prior term due to reduced exposures and market pricing. Term is one year from 2026-07-01 to 2027-07-01.
Document type
Agenda
Source document
City of Peoria Agenda City Council Meeting 2026-06-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Town of Akron?

Liberty Mutual Insurance was awarded this insurance contract by Town of Akron, as recorded on June 23, 2026. The contract value is $570,377.

How much is the Liberty Mutual Insurance contract with Town of Akron worth?

The Liberty Mutual Insurance contract with Town of Akron is valued at $570,377, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Peoria Agenda City Council Meeting 2026-06-23 (Agenda), dated June 23, 2026 from Town of Akron. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Liberty Mutual Insurance hold?

Liberty Mutual Insurance may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Liberty Mutual Insurance's profile

What is Town of Akron currently buying?

Explore Town of Akron's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Akron's profile

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