Mercury Automotive Insurance Overview for 2021 – Kelley Blue E-book

Mercury Insurance is one of the largest insurers in California and offers auto insurance in 10 other states. Since it may be one of the cheapest options around you, you may be right to wonder if you should go for your auto insurance.

In this review, we're going to take a close look at this California-based company, the types of insurance coverage and discounts you can get, the cost of a policy, and how satisfied their current customers are with their auto insurance and claims handling.

Types of Motor Insurance with Mercury

What coverage does Mercury Insurance offer? The primary coverage options are:

  • liability
  • collision
  • Full
  • Medical payments
  • Uninsured and underinsured drivers
  • Personal Protection (PIP)

Optional add-ons include:

  • Rent Refund
  • Roadside assistance
  • Ride-hailing insurance (not available in N.J. and N.Y.)

Note that Mercury is only yours Car repairs as long as you are the owner of the vehicle you drive. You must also use their approved service centers.

Coverage is available in California, Arizona, Illinois, New York, Florida, Georgia, New Jersey, Nevada, Oklahoma, Texas, and Virginia. The coverage options and auto insurance discounts available may vary in each state.

What are the benefits of Mercury Auto Insurance?

Many Mercury customers are happy with the customer service. Your satisfaction lies in the areas of claims and payment processing. In addition, the company has better financial strength ratings than others in the same industry. Customers can rely on Mercury's ability to pay receivables and meet their financial obligations.

Mercury offers these discounts. However, they can vary depending on the state.

What discounts do I get with Mercury Auto Insurance?

  • Discount on theft protection functions
  • Autopay discount
  • E-signature discount
  • Good driver discount
  • Good student discount
  • Discount for multiple cars
  • Discount for multiple policies
  • Payment with full discount
  • Homeowner discount

You can increase your savings by using the Mercury RealDrive app. This app sets your car insurance tariff according to the kilometers driven. In other words, the less you drive, the less you pay. In total, you can receive a 5% discount with the app.

How Much Does Mercury Car Insurance Cost?

Interested in Getting Mercury Auto Insurance? It is best to find out about the costs before registering. The price depends on various factors. For example, your age, gender, and marital status will significantly affect your rate. Other factors such as average annual mileage, geographic location, driving history and credit history will also affect your motor insurance offering.

According to Savvy, iIf you choose to take out basic insurance, you can expect an average of $ 154.63 per month on Mercury insurance. Premium auto insurance with collision and liability coverage costs an average of $ 170.62 per month.

Savvy collects data from current consumer policies, including tariff information, age, marital status, and other demographics. The statistics provide a representative sample that serves as a general guide. Learn more about Savvy's methodology.

Let's look at how other factors play in auto insurance.

What other factors will affect my Mercury insurance offer?

location

Insurance providers check your place of residence before making an offer. Living in a small town with low crime and accident rates will likely lower your car insurance rates. However, if you live in a bigger city with higher crime and accident rates, your supply will increase. In addition, areas prone to natural disasters also affect how insurers prepare your insurance quote.

DUI

Although Mercury penalizes drivers for DUIs, they do much less than other insurers.

F.For example, Mercury is the cheapest insurer in California after a DUI, according to The Zebra. On average, after a DUI, drivers can expect to set aside $ 2,369 for an annual bonus. Mercury's average post-DUI rate is lower than AAA or State Farm. In California, the annual DUI rates for these two insurers averaged $ 5,188 and $ 7,286, respectively, The Zebra said.

The average annual premium without a DUI for all insurers in California is $ 1,868.

car accident

Unsurprisingly, a collision or other accident can affect your auto insurance plan. According to the zebra, Drivers pay an average of $ 767 per year after an accident with all insurers. Remember that your annual contribution will increase up to five years after your accident.

credit-worthiness

Did you know that having a bad credit history is linked with a higher likelihood of filing claims? Is this why insurers take your creditworthiness into account when preparing an offer?

There is good news for those who live in California looking at Mercury auto insurance. Insurers cannot take a driver's credit history into account when preparing quotes in that state. However, in all of the other states that Mercury operates in, credit scores can be used to determine your rates

A study by The Zebra found that a very poor credit score can translate into a 115% higher premium, or $ 1,546 more, than a person with exceptional creditworthiness.

How good is Mercury's customer satisfaction?

In the 2021 US auto insurance study by J.D. Power earned Mercury in California, where the company conducts most of its auto insurance business, an above-average ranking in the Customer Satisfaction Index. Additionally, it received an above-average rating from the National Association of Insurance Commissioners (NAIC) in 2020. This means the NAIC received fewer than average complaints about Mercury.

Mercury Auto Insurance Overview

The Los Angeles-based Mercury Insurance Group began operations in 1961. It is the fourth largest private auto insurer in California, according to Mercury. Mercury Insurance Group's net worth is more than $ 5.9 billion.

The rating organization A.M. Best gave the Mercury Insurance Group its financial strength rating of "excellent" from A. This means that the company is trustworthy and will have no difficulty meeting its financial obligations and paying debts.

Before deciding on car insurance, it is a good idea to look around at different providers and check their tariffs to compare the tariffs and determine which policy is best for you.

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