UPDATED: Sep 5, 2020
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AutoinsuranceEZ.com Rating:Mercury insurance has been in business since the early 1960’s. Being in business for over half a century has given them some experience in the automotive insurance market, as well as other financial products such as homeowner’s insurance and mechanical breakdown protection. They currently have more than 6,000 agents available in 11 different states, with their largest and most successful market in the state of California.
Mercury Insurance Review
It seems as though Mercury has earned some pretty good ratings, especially within the last several years. They have a superior A+ rating from A.M. Best, which specializes in evaluating the strength of insurance companies. They also have a low complaint ratio according to the NAIC and, although the BBB doesn’t have an official rating for Mercury, there has only been one complaint filed against them within the last 3 years.
|AM Best Financial Rating (2016)||A+|
|Better Business Bureau Rating (2016)||N/A|
|NAIC Complaint Index (2012)||0.67 (Better than Average)|
Mercury Insurance Discounts
Mercury doesn’t go into explicit details about how much you can expect to save with their automotive insurance discounts, but they do offer some of the more popular ones. This is mostly due to the fact that discounts, and the amount of discount they can offer, will vary by state:
|Discount Type||Discount Amount|
|Good Student Discount||10 – 15%|
You may also qualify for some of the following discounts, but you’ll have to check with your Mercury agent to know for sure:
- Good Driver Discount
- Multi-Car Discount
- Affinity Membership Discount
- Anti-Theft Discount
Mercury Auto Insurance Options
Mercury, in a sense, focuses on providing Goldilocks-style insurance coverage: not too much, not too little, but just right. You may not get some of the fancier coverage options that other companies offer, but you can at least protect your vehicle with the following coverage options:
With Mercury, you also have the option of purchasing Umbrella insurance (should you find the Liability limits on your auto policy to be insufficient) and Mechanical Breakdown Protection. This MBP coverage works like a 7-year/100,000 extended warranty for your car while also providing the following benefits:
- 24-hour Roadside Assistance
- Rental Vehicle Assistance
- Tire Protection
- Trip Interruption Coverage
- Nationwide Protection
- Repairs can be done at any licensed U.S. repair facility – you choose where to take your vehicle
- There is no limit to the number of claims you can make
- Coverage is transferrable
Comparing Mercury Insurance Quotes
One of the more popular critiques against Mercury is how much their rates can fluctuate from state to state. We took a look at estimated quotes from four different states for different risk profiles, and the data we collected can be seen in the chart below: