Delaney Simchuk, Car Insurance Writer
@delaney_simchuk
Yes, Mercury is a legitimate insurance company that offers auto insurance, home insurance, business insurance, and more. Mercury sells policies in 11 states and is cheaper than average, but it does have negative customer reviews.
Key Things to Know About Mercury
- Mercury has been in operation since 1962 and is headquartered in Los Angeles, CA.
- Mercury has an N/R from the Better Business Bureau.
- Mercury has a user rating of 2.0/5 on WalletHub.
- The Mercury NAIC rating is , meaning it has received a high volume of customer complaints.
To learn more, check out WalletHub's complete Mercury review.
People also ask
Is Mercury a reliable insurance company?
Mercury is less reliable than the average insurance company. While Mercury's financial strength is above average, according to AM Best, its claims process and its customer satisfaction are less-than-ideal, according to analysis from J.D. Power and the NAIC.
Mercury's Reliability Scores
- AM Best Financial Strength Rating: A
- J.D. Power Claims Process Score: 830/1000
- NAIC Customer Satisfaction Score: 2.51
To learn more, check out WalletHub's review of Mercury.
Why is Mercury so cheap?
Mercury is so cheap because the company offers a wide variety of discounts that almost anyone can get. A minimum coverage policy from Mercury costs an average of $86 per month, and Mercury premiums can be made even cheaper by taking advantage of discounts such as paid-in-full discount and anti-theft device discount. Plus, Mercury rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto.
Average Monthly...
read full answer by McKayla Girardin, Car Insurance WriterWho owns Mercury insurance?
Mercury is owned by its shareholders, as it is a publicly traded company. The biggest shareholders are The Vanguard Group, BlackRock, and Renaissance Technologies which have a combined ownership stake of almost 10%, according to public records, as of Q1 2020.
Mercury was founded in 1961. For more information, check out WalletHub's full Mercury review.
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