McKayla Girardin, Car Insurance Writer
@mckayla_girardin
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 Rates for Mercury vs. Top Competitors
Company | Minimum Coverage | Full Coverage |
$86 per month | $280 per month | |
$86 per month | $293 per month | |
$86 per month | $337 per month |
Note: Premiums are representative of a 45-year-old good driver in CA; individual premiums will vary.
Your final premium is based on a variety of factors, though, such as your driving record, insurance history, and more. Every insurance company determines their rates differently, so even though Mercury is among the cheapest car insurance companies, the only way to confirm you've found the lowest price is to compare quotes from multiple companies.
To learn more, check out WalletHub's review of Mercury and see Mercury's full profile.
People also ask
How can I get cheaper car insurance?
The best way to get cheaper car insurance is to compare quotes from multiple companies and then switch to whichever insurer offers the coverage you want at the cheapest rate. Other ways to get cheaper car insurance include taking advantage of discounts, improving your driving record, and raising your credit score.
10 Ways to Get Cheaper Car Insurance
1. Compare quotes every 6-12 months.
Every car insurance company calculates premiums slightly differently,...
read full answer by WalletHub, Financial CompanyWhy did my Mercury rate go up?
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...
read full answer by Candace Baker, Car Insurance WriterDoes Mercury use telematics?
Yes, Mercury uses telematics with MercuryGO, a program that tracks your driving habits using a mobile app. You can get a 10% discount when you sign-up for MercuryGO, and the better you drive, the more you can save with Mercury.
How Mercury's MercuryGO Works
- Tracks miles driven, trip duration, rates of acceleration, vehicle speed, hard braking, and phone usage
- Uses a mobile app for tracking
- Has a 10% discount just...
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