Lilah Butler, Car Insurance Writer
@lilah_c
Yes, Mercury offers mechanical breakdown insurance for new or used cars that are less than 7 years old, have less than 100,000 miles, and are under their original manufacturer's warranty coverage. Mercury mechanical breakdown insurance (MBI) is a policy add-on that insures a vehicle against mechanical problems, such as transmission or engine failure, which are not covered by standard car insurance policies.
However, mechanical breakdown insurance will not pay for routine maintenance, wear and tear, or damage caused by an accident. Other exclusions to Mercury mechanical breakdown coverage include tune-ups, non-mechanical items, normal wear and tear and poor maintenance, among others.
Mercury Mechanical Breakdown Insurance Cost
The cost of Mercury mechanical breakdown insurance varies depending on the car, but the average MBI policy costs around $100 a year.
Mechanical breakdown insurance from Mercury is a good alternative to an extended warranty from the vehicle manufacturer, which might provide the same type of coverage but will usually cost around $1,500 total. For more information on whether Mercury MBI is worth it, check out WalletHub’s complete guide to mechanical breakdown insurance.
People also ask
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 WriterDoes car insurance cover repairs?
No, traditional car insurance does not cover ordinary repairs or maintenance to your car. If your car is covered by comprehensive insurance, your insurance company will cover mechanical repairs caused by a car accident, natural disasters, or other unforeseeable events.
Insurance companies do offer a type of coverage that policy holders can use for repairs. This coverage is called mechanical breakdown insurance (MBI), or repair insurance. MBI is offered by some insurance companies and comes with a...
read full answer by WalletHub, Financial CompanyCan you get mechanical breakdown insurance for high mileage cars?
No, you cannot get mechanical breakdown insurance for high mileage cars from most insurance companies, which generally require drivers to purchase coverage before a car has 15,000 miles on it. One major exception to this is USAA, which insures cars with up to 250,000 miles as long as they are less than 10 years old.
If a driver with a high mileage vehicle does not qualify for mechanical breakdown insurance, they should consider getting an extended warranty...
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