So you have decided to get car insurance coverage, and you’d love to go with Mercury Insurance, but you don’t know enough about them. Well, you have come to the right place because this article covers everything you need to know about Mercury Insurance. You are one of the millions of clients who decided to try this insurance company. They provide affordable and quality coverage for your home and auto needs. Continue reading to find out the Mercury car insurance review for 2024.
Mercury Car Insurance Review
This company is ranked the 4th biggest private passenger auto insurance provider in California. Mercury has 7,000 independent dealers in 11 states.
This insurer provides a wide range of other insurance coverages besides homeowners insurance, such as auto insurance, condo insurance, and renters insurance.Â
Even though this insurer is a small company, they always take things a step further by providing alternatives for landlord insurance, umbrella coverage, business owner’s policy, and business auto insurance.
Mercury provides basic insurance and discounts for limited geographic locations; therefore, it may not be the best provider for widespread coverage. For individuals who are living in a state that is covered, it could still be a perfect choice for them.
Just like with the usual homeowners insurance coverage, the add-ons can result in either definite success or definite failure. Ensure you carry out proper research before choosing the additional insurance that is perfect for you.
The discounts provided by this company are also fairly basic for the industry, as compared to some insurers who provide a wider array of means to save on your coverage.
Nevertheless, one package that makes Mercury stand out from other insurance providers is its service line protection. Underground service lines are very significant because they provide gas, electricity, and sewage to your home. In case a service line fails, homeowners who included this in their Mercury insurance plan would be insured.
Mercury Car Insurance Coverage
The auto insurance quote for any motorist depends on a lot of conditions, like the age of the driver, car model, knowledge, etc. Due to all these factors, Mercury might determine the quote for your profile. Therefore, we cannot provide you with an approximate full coverage insurance quote without knowing your profile.
The costs of Mercury car insurance are neither too costly nor too cheap. When you pick the perfect policy coverage as well as get the right number of discounts, you can buy car insurance from this company without stress. Some of the best coverages offered by this insurer are dwelling protection and identity theft protection.
Read also: DWELLING INSURANCE: How Much Dwelling Coverage You Need
This improves the limit for Mercury car insurance coverage for the driver in different situations; therefore, it is a better dependability option for the company.
Additionally, Mercury auto insurance might be the perfect option for motorists looking to merge their auto insurance with homeowners, renters, or condo insurance policies. It could also be an alternative for individuals looking to buy standard coverage without a bunch of customizations.
Furthermore, for motorists who want the comfort of attending to their policy using a mobile app, guess what? This company has a highly rated app. It is highly rated by both Apple and Google Play users.
All states have their own minimum insurance requirements that indicate the types and amounts of coverage that will enable you to legally use your vehicle.
Nevertheless, aside from its basic standard offerings, Mercury provides various coverage options and policy inclusions. Listed below are some of the coverage options:
#1. Collision insurance
If you are involved in an accident and your vehicle gets destroyed, any damage to your car is insured, regardless of who caused the accident.
#2. Comprehensive insurance
This insurance plan provides full coverage for any damage to your vehicle that isn’t caused by an accident. It provides coverage for issues like theft, vandalism, or environmental conditions.
#3. Emergency roadside assistance
If you are involved in any roadside problem, Mercury will provide you with roadside coverage or services such as towing, lockouts, tire repair, tire replacement, and battery charging.
#4. Arental car insurance
They also provide you with a reimbursement of $30–$100 per day for a rental car if your vehicle is nonfunctional or inaccessible after an accident, depending on the amount you select.
This package provides insurance for people who drive for rideshare services such as Lyft or Uber. Mercury drivers who drive for Uber or Lyft can add this option to their own car insurance. Generally, when you drive for a rideshare service, you are covered by the insurance provided by that organization, but only while you have passengers or are on the way to pick up passengers. This insurance provider’s rideshare insurance ensures you’re also insured as you’re waiting for a fare.
#6. Mercury mechanical protection
This policy protects you from unexpected repairs, similar to how an extended car guarantee works. You can insure yourself against the cost of fixing major mechanical problems like transmission collapse for 7 years or 100,000 miles.
You should know exactly what you need and desire from your car insurance policy before making a purchase. For example, several states require a minimum amount of auto insurance before you can operate a vehicle.Â
In the same vein, if you prefer extra coverage, you may love to get full coverage insurance. Mercury provides standard car insurance coverage plans, including rental auto coverage and roadside assistance. Also, any repairs made at a repair facility endorsed by Mercury are warranted for as long as you own your vehicle.
How Much Does Mercury Insurance Cost
Mercury vehicle insurance has a minimum yearly cost of $1,032 ($86/month) for regular coverage, lower than the national average of $720. This company’s car insurance premiums are based on driving history, age, state, and insurance restrictions. Mercury’s complete coverage insurance costs $3,365 annually.
This company determines its auto insurance costs by considering the odds of the driver filing a claim in the future. Most high-risk drivers, notably teens, young drivers, and accident-caused motorists, pay more than the ordinary policyholder. Fortunately, this firm offers various cash-back possibilities, including a multi-vehicle and multi-policy discount.
Mercury car insurance is among the most expensive for teen drivers. Girls pay $3,000 more and boys pay $3,500 more for Mercury’s teen car insurance, which is shocking.
Mid-20s drivers frequently pay less for auto insurance. Mercury’s sample expenses for young adults are far lower than for teen drivers. Unmarried 25-year-old women and men could pay $580 more than the national average.
Elderly drivers tend to pay some of the lowest costs. Mercury still charges higher prices for married 60-year-olds, with females paying $150 and males paying $200 more than the national rate.
Now, drivers who have a speeding ticket on their record pay more for car insurance than those without any violations. How much the price increases depends on the insurance provider. With Mercury, motorists with one speeding ticket might pay up to 33% more than the national standard.
Accidents almost always raise car insurance rates. Mercury charges drivers with one accident over $1,100 more than the national average. It may seem unlikely, but your credit score affects car insurance. Mercury drivers pay 15% more for their sample annual rate than the national average.
Mercury Car Insurance Reviews
Reviews for customers usually tend to praise its customer service but complain about its claims servicing procedure. Moreover, the company’s NAIC rating is 2.51, which indicates that the company has received more complaints than the regular auto insurance provider.
Another disadvantage to Mercury is that its programs are only available in 11 states, namely Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. In terms of its rank, this company is ranked in the 2nd cheapest quartile among leading car insurance companies in terms of price.
They also provide one of the best discount providers. They offer good driver discounts, multi-policy bundle discounts, and good student rebates or discounts. Mercury provides basic coverage plans such as bodily injury liability, property damage liability, medical payments, full coverage, collision, and uninsured motorists.
In addition to all these benefits, they provide extra coverage plans like roadside assistance, mechanical protection, rental reimbursement, and RealDrive, which is this company’s pay-per-mile insurance option.
Another perk of using this company is that they provide several specialty car insurance ride-hailing add-ons that broaden your personal car policy to cover you and your vehicle while driving for a ridesharing organization. Furthermore, getting homeowners coverage from this company covers your home and personal assets from covered losses and issues like fire, lightning, storm damage, robbery, and more.Â
This company’s homeowners insurance also has liability coverage for injury and property destruction to others while in your home, and it will cover any extra living expenses when you are staying elsewhere while your property is under renovation. There’s actually an additional insurance plan to cover luxury items and valuables, like paintings, various art valuables, antiques, and jewelry, that aren’t commonly insured.
Why is Mercury Insurance so cheap?
Mercury is so cheap because it provides a lot of discounts that almost all drivers can get. An average coverage plan from Mercury costs a standard fee of $86 per month, and Mercury premiums can be made even more affordable by making use of discounts such as paid-in-full cashback and anti-theft device discounts.
Additionally, this company rewards customer loyalty with discounts for protecting more than one car and bundling multiple plans, such as home and car coverage.
Is Mercury the cheapest insurance?
Compared to other major insurance providers, Mercury provides the cheapest California car insurance prices for drivers who caused a car accident that wounded someone.
Is Mercury a Bad Insurance Company?
No, Mercury is not a bad company because the company is rated 7.9 out of 10. Mercury Insurance has good reviews, coverage options, and costs.Â
Is Mercury Cheaper than Progressive?
Now, Mercury is more expensive than Progressive. The national average price for policies in Progressive per month is $180.
Conclusion
So now we have provided you with everything you need to know about the Mercury car insurance review for 2024. You can reach out to them today to get insurance coverage.
Mercury Car Insurance Review FAQs
Do Mercury cars last long?Â
Yes, Mercury cars last for a long time just ensure you take proper care of the vehicles and they could last forever.
Does Mercury insurance cover hail?Â
Yes, Mercury covers hail damage for policyholders with comprehensive car insurance.
Does Mercury have accident forgiveness?
No, Mercury doesn’t offer accident forgiveness.
Reference
STANDARD INSURANCE TEXAS REVIEW 2023
NATIONAL GENERAL CAR INSURANCE REVIEW 2023.
HOW MUCH IS CAR INSURANCE: Average Cost of Car Insurance 2023
