You can save 5% just for trying Mercury RealDrive and then are eligible for additional discounts depending on your driving habits. Mercury RealDrive monitors things like mileage and speeding to determine how much a driver is eligible to save.
Considering that normal car insurance from Mercury costs an average of $56 per month, trying Mercury RealDrive may be an easy way for drivers to save on their premiums. That’s especially true since Mercury RealDrive will not raise rates for poor driving. So, even less-than-perfect drivers can benefit from using Mercury RealDrive from Mercury. That said, people with poor driving habits will not be able to get the maximum discount from Mercury RealDrive.
No, Mercury GO will not raise your rates for poor driving habits. Mercury GO users are eligible for an initial discount of 5% just for signing up, and their rates will not go up for things like hard braking or speeding. Good drivers can save up to 40% while using Mercury GO, too.… read full answer
Key Things to Know About Mercury GO
Mercury GO tracks things like hard braking, speeding and distracted driving
Drivers can use the Mercury GO app to track their habits
Available in every state
Customer reviews of the app average 2.8 out of 5
Minimum coverage from Mercury costs an average of $56 per month without Mercury GO
Remember that poor driving while using Mercury GO will not lead to as many discounts in the program as safe driving would. Additionally, regardless of whether you use Mercury GO, Mercury itself can raise your rates for things like at-fault accidents, speeding tickets, and other moving violations. Mercury learns of such things from your driving record and CLUE report, rather than through Mercury GO.
Your Mercury rate could have gone up for many reasons, such as a recent claim or a new driver being added to the policy. Other factors that could cause Mercury to raise your rate include getting into an accident, being convicted of a moving violation, and adding coverage to your policy. Mercury may also raise your premiums for reasons that are beyond your control, such as recent natural disasters, increasing repair and healthcare costs, and crime trends.… read full answer
Top Reasons Why Mercury Raises Rates
New driver or car added to a policy
Recent switch to an expensive car
Relocation to a high-risk zip code
Decline in creditworthiness
How to Lower Your Mercury Insurance
If you’re struggling to afford your Mercury premium, there are a few steps that you can take to lower your rate. You can start by looking for Mercury discounts that you can qualify for, such as the anti-theft features or good driver discount. You can also make changes to your policy, including raising your deductible and reducing your coverage.
Another option is to switch insurance companies. Each insurer calculates rates differently, so you may be able to get the same amount of coverage elsewhere at a lower price. As a general rule, you should get quotes from at least three different companies every 6-12 months to make sure that you’re still getting the best deal.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.