Mercury’s payment options are paying online, by phone, by mail, or using the company smartphone app. Mercury customers can also set up automatic payments, and choosing to pay automatically or up front may even result in discounts in some states.
Ways To Pay Your Mercury Car Insurance Premium
Online using Mercury's payment portal
By calling 800-503-3724
By mailing a check or money order to Mercury Insurance Group / P.O. Box - 11991 / Santa Ana, CA 92711
Using the Mercury mobile app
Some of these payment options might not be available in all situations or all states, however. If you have further questions about paying your Mercury premium, you can call 800-503-3724.
To cancel Mercury insurance, the policyholder must notify their agent directly by calling, mailing, or meeting in person. The cancellation can be arranged for a future date or set to take effect immediately. You will need your name, address, phone number, policy information, reason for canceling, and the date you would like your policy to end.… read full answer
Cancel in person by providing a written cancellation request to your local agent.
Cancel by phone by calling your agent directly at the phone number listed on the back of your insurance card.
You cannot cancel a Mercury insurance policy online.
If you’ve already paid your premium for the policy period in full, Mercury will refund the unused portion. Mercury does impose a cancellation fee or penalty for early termination. Mercury charges a cancellation fee of 10% of your remaining premium, so if you still owe $300 on your policy, you'll pay a $30 penalty fee to cancel coverage.
It’s important to remember that you don’t need to cancel your policy just because you’re going through some life changes. For example, you should have Mercury update your mailing address or vehicle information if you’re moving or buying a new car.
If you’re canceling your current policy in order to switch to another company, be sure to activate your new policy before canceling the old one. This prevents a lapse in coverage, which would lead to higher premiums in the future.
No, Mercury does not have a referral program. Even though Mercury doesn’t have a referral program that gives policyholders a bonus or discount for referring friends or family members to the company, Mercury does offer many other discounts that can help customers save money on their car insurance.
Car insurance is tax-deductible for self-employed people who use their car for business reasons, as well as for select other occupations. For example, car insurance is tax-deductible for armed forces reservists who travel for duty, some performing artists, and certain government employees who are paid via fees-per-service.
Business use means trips taken for work, but commuting to and from work is not deductible. For example, a photographer’s drive to her studio would not be deductible, but her drive from her studio to a client’s house during working hours would be. However, if the photographer had a studio in her house, then her drive from her home studio to a client’s house for work purposes would qualify as tax-deductible.… read full answer
How to Deduct Car Insurance on Taxes
Car insurance can be deducted by eligible taxpayers based on either mileage or actual cost. If you choose to deduct based on mileage, the official rate – $0.58 per mile in 2019 – incorporates all the expenses that go into driving, so insurance cannot be deducted separately. On the other hand, deducting based on actual expenses requires taxpayers to add up costs like insurance premiums, repairs, gas, tires, and registration fees.
Self-employed taxpayers can use Schedule C to deduct their vehicle expenses, whether using actual cost or mileage. Other eligible taxpayers can use Form 2106 for Employee Business Expenses.
Car Insurance Tax Deductibility Tips
If a car is used exclusively for business, the entire amount of its actual cost can be deducted.
If a car is driven for both business and personal reasons, the total cost can be prorated. For example, if the car is used for business half of the time, half of its actual cost can be deducted.
If a taxpayer is deducting based on mileage, they should keep careful track of their work-related miles and can deduct only that amount.
Regardless of which type of deduction you choose, it’s important to keep careful records of business vehicle use. In addition, it’s usually best to calculate your deduction using both the actual value and mileage methods, so you can choose the method that gives you the highest tax savings. If you’re still unsure whether you can deduct your car insurance, visit the IRS website or talk to a tax expert.
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