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Mercury Insurance gives the standard catch line: “save ___ when you switch.” But is it true? if you switch your auto insurance to Mercury Insurance, will you walk away with a lower annual premium? Will you have to sacrifice coverage limits to get it?
According to their website, Mercury offers 24/7 claims, guaranteed repairs, and a network of dedicated agents. It’s based in California operates in about 11 states total. Typically, Mercury is sold through a network of independent agents. So if you’re getting a quote for Mercury auto insurance, you can get comparable quotes from a few other companies at the same time.
What Do You Want to Know More About?
- The Pros And Cons of Mercury Auto Insurance
- If Mercury Offers Coverage Near You
- How Much Mercury Costs and Its Discounts
- How Mercury Ranks In The Industry
- Our Recommendation For You
What Do Consumers Like about Mercury Insurance?
- Good Discount Variety.There are a number of ways to save on your Mercury auto insurance policy, including infinity partnerships. What this means, is you can take advantage of discounts provided by other companies by becoming a Mercury customer. Ask about Mercury discounts when you get a quote from Mercury Insurance.
- Resource Articles. You can read up on insurance topics and more all on the Mercury blog to better educate yourself on driving safety and insurance as a whole. Mercury offers great resources even if you’re not their customer.
- Rideshare Insurance: If you drive for Uber, Lyft, or other rideshare companies, Mercury offers rideshare insurance in select states. It can kick in when you’re waiting for jobs or otherwise not actively engaged to make sure there are no gaps. (For more information, read our “Understanding Rideshare Insurance: Your Guide To Coverage And Protection”).
Read more: What is rideshare insurance?
What Do Mercury Customers Not Like about The Company?
- Its website is a little sparse. When looking at the experience an insurance website provides its customers, we have found that more is better. Mercury’s website is less informational when looking at similar companies.
- Average Or Below Average JD Power Scores. Industry rankings can tell a lot. Mercury scores lower than average when looking at top insurance companies.
- Limited coverage. While Mercury offers low and competitive pricing, they also cut out many of the extra services people like paying for. It’s what some would describe as a “meat-and-potatoes auto insurer.” If you’re looking for more diverse coverage with insurance providers, Mercury may not be the right choice for you.
How Much Are Average Premiums for Mercury Insurance?
By analyzing annual rates from similar companies, we can show how Mercury stacks up for certain driver types. While it is one of the more expensive options for teen drivers, when it comes to drivers in their 20’s it’s about 15% cheaper than 21st Century, the 2nd most affordable option in our study. This is based on rates for single females, age 23. Companies insurance products can be created for certain profiles. As you can see below, while it is the cheapest for 23 year old females, when you look at 23 year old males, its about $800 more expensive.
Where People Have The Most Mercury Auto Insurance
Market share is an industry way of saying “the percentage of customers a company has compared to competitors.” After looking at all states and Washington D.C., we ranked insurance companies based on who had the highest market share to decide who was the most popular with customers. Mercury only ranked in California, where it was the fourth most popular company—behind State Farm, Allstate, and Farmers. Here’s how they did:
- California: Out of all insured drivers in California, Mercury has policies with 4% of them and in 2014 had 1,828,364 policies written.
Cost of Mercury Auto Insurance
By analyzing annual rates from similar companies, we can show how Mercury stacks up for certain driver types. While it is one of the more expensive options for teen drivers, when it comes to drivers in their 20’s it’s about 15% cheaper than 21st Century, the 2nd most affordable option in our study. This is based on rates for single females, age 23. Companies insurance products can be created for certain profiles. As you can see below, while it is the cheapest for 23 year old females, when you look at 23 year old males, its about $800 more expensive.
| 18-YEAR OLD FEMALE | 18-YEAR OLD MALE | 23-YEAR OLD FEMALE | 23-YEAR OLD MALE | Over 65 Men and Women | |
|---|---|---|---|---|---|
| Mercury | $3,976.00 | $4,470.00 | $1,176.37 | $1,963.67 | $2,120.15 |
| 21st Century | $2,601.61 | $2,778.48 | $1,390.44 | $3,038.24 | $957.77 |
| Geico | $2,461.26 | $2,785.72 | $1,626.97 | $1,631.60 | $848.84 |
| Progressive | $3,473.81 | $4,052.43 | $1,752.69 | $1,976.60 | $1,101.09 |
What Discounts Does Mercury Auto Insurance Offer?
- Safe Driving Discount for a good looking driving record.
- Multi-Car Discount
- Affiliation Discount if you’re a part of certain groups, such as teachers.
- Anti-Theft Device Discount
- Good Student Discount
How Does Mercury Insurance Rank in The Industry?
Ratings matter. They tell you how companies are doing compared to competitors and in the eyes of professionals and customers alike. The scores below are based on customer feedback and will tell you a lot about what you can expect from Mercury auto insurance. Customer service is something “beyond a quote” that can make the difference for your insurance.
J.D. Power is one of those companies that people look to for insurance company rankings. It surveys millions of customers and comes up with scores based on the feedback received. Mercury wasn’t the crème de la crème as far as scores go, but it was pretty average across the board. Here is how it scored in the 2015 studies:
Source: www.jdpower.com
Source: www.jdpower.com
Our Recommendation
We’re not really here to tell you what to do. Instead, we’re here to help you make up your mind by giving you the food for thought. Based on all of the facts about Mercury, we would say that it’s best for:
Mercury is best for mature drivers with good records.
We didn’t find anything about accident forgiveness which means you will probably be penalized with higher rates after an accident. A lot of other companies are more forgiving, so we suggest you go with a Mercury policy if you have a good record and can qualify for some of their discounts.
About Mercury
Mercury Insurance has been in business for over 50 years and offers a variety of insurance products to customers. Providing low rates is at the forefront of its business goals, so you can expect reasonable pricing from the company.
Want to keep looking?
Go back to our library of auto insurance carriers so you can read more about each company and make an informed decision when it’s policy-signing time.