Mercury
Mercury Insurance was founded in California in 1961. Founder George Joseph believed in affordable insurance for drivers of all types and the best service possible.
Frustrated by car insurance companies that charged the same rate for all drivers, regardless of their driving record, Joseph believed he could create a better company for California drivers that used different pricing factors to set fair rates for a variety of drivers. He raised $2 million in capital and Mercury sold its first policy on April 1, 1962.
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Average annual rate for good drivers:
$1,844
Average annual rate for drivers with a speeding ticket:
$2,431
Complaint level:
High
Pros
- Great average rates for good drivers.
- Great average rates for those with an accident, speeding ticket, DUI or citation for lapsed insurance.
- Offers ride-sharing insurance.
- Offers usage-based insurance (MercuryGo) for drivers willing to be monitored to try to get a discount based on driving habits.
Cons
- A high level of complaints filed with state insurance departments about car insurance.
- Only available in 11 states.
- If you want coverage options such as accident forgiveness, new car replacement or a vanishing deductible, you’ll have to look elsewhere.
Details:
Grade from Collision Repair Professionals:
C
Accident Forgiveness:
Yes
New Car Replacement:
No
Gap Insurance:
No
Diminishing Deductible:
No
SR-22s:
Yes
Usage-Based Insurance:
No
Pay-Per-Mile Insurance:
No
Discounts:
- Multi-vehicle: You can save if you insure more than one vehicle with Mercury.
- Multi-policy: You could get a discount if you bundle your car insurance with a home, condo or renters insurance policy.
- Anti-theft: You could be eligible for a discount if your car is equipped with an anti-theft device.
- Good driver: If you avoid at-fault car accidents and traffic violations, you may qualify for savings.
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