AutoInsurance.com
Published: July 13, 2019Last updated: November 22, 2022

Mercury Car Insurance Pricing

How much you can expect to spend on car insurance with Mercury.

Since 1962, Mercury has been selling auto insurance. On this page, you’ll see what you can expect to pay for auto insurance with Mercury, how you can lower your premiums, and what makes Mercury unique.

Car Insurance Rates

Mercury insurance costs an average of $1,706 annually, with a range of $1,034 to $2,016. The factors Mercury uses to determine auto insurance rates include a risk assessment of the driver filing a future claim. For example, teens or motorists who have recently caused accidents are deemed high-risk and therefore would pay higher rates for car insurance. Here are the average costs for various circumstances.

  • Minimum coverage: The average annual cost of minimum car insurance coverage with Mercury is $1,034. Minimum coverage varies by state, but typically includes liability coverage for bodily injury and property damage. Some states require medical payments coverage as well. No state requires collision or comprehensive coverage or rental car reimbursement.
  • Full coverage: Full coverage costs significantly more, at around $3,365 per year.
    Young drivers: Young drivers (ages 16 to 22) could expect to pay $1,438 per year with Mercury. On average, a teen driver will have a higher car insurance premium due to their lack of driving history.
  • Senior drivers: Older drivers (ages 55 to 65) would pay about $606 annually with Mercury.

Discounts

Mercury offers several ways customers can save on their auto insurance.

  • Anti-theft feature: Drivers who install anti-theft devices in their vehicles may receive a discount.
  • Auto pay: Customers who sign up for automatic bill pay each month see savings on their auto insurance bills.
  • E-signature: Customers who agree to sign documents electronically may get a reduction in the cost of their insurance.
  • Good driver: Policyholders with drivers on their policies who go for a specific period of time without receiving tickets or getting into accidents may be eligible for a discount.
  • Good student: Young single drivers who maintain at least a 3.0 GPA in high school or college are eligible for a discount.
  • Multicar: Customers insuring multiple vehicles on the same policy could receive a discount.
  • Multipolicy: When you bundle home, condo, or renters insurance with your auto insurance policy, you save 15 percent on your homeowners policy and up to 14.5 percent on your auto insurance.
  • Pay-in-full: If you pay your auto insurance term in one payment, you’ll get a discount.
  • RealDrive: Drivers who participate in the verification program RealDrive that bases your rate on how many miles you drive receive a 5 percent discount. Learn more about pay-per-mile insurance.

CheckNOTE

Mercury saves customers money by offering discounts for bundling home, condo, or renters insurance along with auto insurance.

Favorite Features

Hassle-Free Auto Repairs

Mercury offers hassle-free auto repairs at trusted, authorized repair facilities. Repairs at such a shop are guaranteed for as long as you own your vehicle.

Roadside Assistance

An optional coverage customers can add to their auto policy, Mercury’s 24/7 roadside assistance will send a roadside service professional to assist motorists with flat tires, dead batteries, and other auto troubles. Customers can opt in to receive real-time status updates via text to keep in touch with their roadside service technicians.

Ridesharing Insurance

Rideshare insurance provides protection to drivers who work for rideshare companies such as Lyft and Uber. The extra coverage protects customers and their vehicles for when the ridesharing app is on but the policyholder hasn’t yet accepted a rideshare customer.

CheckFYI

Mercury offers ridesharing insurance coverage for as low as 90 cents a day.

Special Investigations Unit

Mercury started its Special Investigations Unit (SIU) in 1978. Insurance companies shell out an estimated $100 billion-plus annually on fraudulent claims, which harms the industry and drives up premium costs for customers. Mercury’s SIU works closely with local and federal law enforcement to bring down fraud rings and scammers.1

Availability

Mercury offers auto insurance in 11 states:

  • Arizona
  • California
  • Florida
  • Georgia
  • Illinois
  • New Jersey
  • New York
  • Nevada
  • Oklahoma
  • Texas
  • Virginia

Cancellation Policy

To cancel an auto insurance policy, policyholders should notify Mercury in writing with the specific date for the policy cancellation and the reason for canceling. Customers can send their auto insurance cancellation notice via the company’s webform (https://cp.mercuryinsurance.com/guest/contact-mercury?src=cw) or mailing address at:
Mercury Insurance
555 W. Imperial Hwy
Brea, CA 92821-4802

Company History

  • April 1, 1962: Mercury General Corp., founded in Los Angeles, California by George Joseph, sold its first policy. The company began with six employees and 90 agents.
  • 1967: Mercury received an A+ rating from the global credit rating agency A.M. Best.
  • 1970: Mercury wrote $1 million in premiums during a single month.
  • 1971: The number of Mercury agents increased to 467.
  • 1972: Mercury sold its first homeowners policy.
  • 1978: Mercury established the insurance industry’s first Special Investigations Unit (SIU) to fight insurance fraud.
  • Mid ’80s: Mercury became the largest independent agency writer of private passenger auto insurance in California.
  • 1989: Mercury expanded to Georgia and Illinois.
  • 1992: The Mercury employee roster increased to 1,200.
  • 1993: Mercury added auto, home, and umbrella coverage.
  • 1996: Mercury acquired American Fidelity Insurance Group, which expanded Mercury’s operations into Oklahoma and Texas.
  • 1998: Mercury issued its first policy in Florida.
  • 2001: Mercury entered the New York and Virginia markets.
  • 2003: Mercury entered the New Jersey market.
  • 2004: Mercury opened its first offices in Arizona and Nevada.
  • 2009: Mercury purchased Auto Insurance Specialists (AIS), the nation’s largest independent insurance agency.
  • 2011: Mercury launched the company’s first direct-to-consumer auto insurance sales effort.
  • 2014: Mercury acquired Workmen’s Auto Insurance Company.
  • 2016: Mercury introduced rideshare insurance for Uber and Lyft drivers in Arizona, California, Illinois, Nevada, and Oklahoma.
  • 2017: Mercury offered rideshare insurance in Georgia and Texas.
  • 2022: Mercury launched MercuryGO in Illinois and New Jersey, with several other states planned for the year.

Contact Mercury

Potential customers can contact Mercury by phone and online. For policy questions, speak to an agent by calling 866-418-3375. Find coverage and other auto insurance information by visiting Mercury online (https://www.mercuryinsurance.com/). You can also send an email through the company’s webform here: https://cp.mercuryinsurance.com/guest/contact-mercury?src=cw.

CheckTIP

Mercury has an online quote generator that takes customer information and produces an auto insurance quote in less than seven minutes. You can also get Mercury car insurance quotes by calling AutoInsurance.com directly.

Conclusion

Why should customers choose Mercury auto insurance? The company offers coverage at affordable rates paired with great service. Mercury provides good rates for both safe drivers and high-risk drivers. Customers pay on average $56 per month for the minimum auto insurance coverage policy from Mercury, which could be lowered still by the company’s plethora of discounts.

Frequently Asked Questions

 

 

 

 

Frequently Asked Questions

Is Mercury a reputable company?

Mercury is a reputable company. AM Best Rating Services, an independent rating agency, rated Mercury a Superior A+ for its financial strength.

Is Mercury good at paying claims?

Yes, Mercury is good at paying claims. While Mercury has received higher-than-average complaints, according to the National Association of Insurance Commissioners (NAIC) index, A.M. Best rated the company A+ (Excellent) for its ability to pay its financial obligations and claims. According to the J.D. Power U.S. Auto Claims Satisfaction Study in 2020, the most recent year Mercury was ranked, Mercury scored below the industry average in claims payment, but it’s financially sound and does have the resources to pay claims with a strong claims reserve of $2,226,430, according to its 2021 annual report.

What is Mercury Insurance known for?

Mercury Insurance is known for personal auto insurance, although it offers additional insurance products such as commercial auto, home, and renters insurance. Mercury’s largest auto customer base is in California, but it also sells auto insurance in ten other states through a network of independent agents.

Does Mercury have accident forgiveness?

No, Mercury does not offer customers accident forgiveness. Mercury car insurance customers who have at-fault accidents may see their rates rise up to 80 percent. Overall, however, Mercury offers affordable auto car insurance.

Citations

  1. Why choose Mercury for your Auto Insurance? Mercury Insurance. (2022).
    https://www.mercuryinsurance.com/insurance/auto/why-choose-mercury.html