Mercury Insurance Auto Insurance Review

Introduction

Mercury Insurance offers vehicle insurance coverage including liability, collision, comprehensive, and uninsured underinsured motor vehicles. Two types of full-policy discounts are offered, but their availability may vary by state. For those who would prefer to do business with the company completely online, Mercury Insurance offers coverage only in all states only through local agents.

Company Overview

Founded as the California Three-In-One in 1961 and based in L.A., our agency offers homeowners, renters, auto, commercial, and personal insurance. We're a leading independent provider of coverage and certificate agreements in California. However, Mercury's short-term accommodation's only offered in 11 states, including Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia.

Pros Explained

• Rideshare coverage available: If people in your area use ridesharing companies, you can also add an endorsement to your policy that ensures your rideshare company doesn't have any gaps.
• Multiple discount opportunities: Mercury Insurance offers a variety of discounts for customers, including MercuryGO, a usage-based app that gives a participation discount. Discounts vary by state.
• Mechanical breakdown coverage available: This type of insurance often pays if your vehicle breaks down due to a certain malfunction.

Cons Explained

• Need to purchase policy through agent: Although you are welcome to apply without an agent if you want a wholly online application, an agent will be required if you desire a different type of aid.
• Only available in 11 states: Residents of Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia can purchase an auto policy from this company only.
• No online claims filing available: Policyholders must call the 24-7 hotline at Mercury Insurance to find out about filing a claim.

Types of Coverage

Mercury Insurance offers the following auto insurance plans:

Collision

Mercury will pay for repair costs after an accident or replacement if your car is deemed a total loss. If your motor vehicle is considered to be a total loss, Mercury will pay the actual cash value of your automobile after your deductible.

Liability

Liability insurance may protect you if you were found responsible for injuring another person or their property. It will also protect you if someone files a lawsuit against you for your legal responsibility for causing property damage or personal injuries. Mercury Insurance hosts bodily injury liability insurance and property damage liability insurance.

Comprehensive

Mercury offers extended protection, which protects your insured vehicles against covered losses such as storm damage, vandalism, or fire.

Rental Car 

Mercury Insurance pays if you rent a car against an automobile accident, as long as your car requires repairs. There's no need to opt in to this optional coverage; however, it can be beneficial if your vehicle needs to be driven between work or school. You can select from coverage limits starting at $30 and going up to $100 per day, for up to 30 days.

Uninsured and Underinsured Motor Vehicle

Mercury Insurance will cover the costs of options, such as lost wages and medical bills, for policyholders in the event of an accident where the at-fault driver is not insured or is underinsured.

Medical Payments

Medical payments insurance covers the cost of medical expenses if you're hurt in a vehicle accident along with anyone in your vehicle, regardless of who's at fault. It will depend on which state you reside in.

Rideshare

Mercury Insurance's rideshare coverage ride-hailing insurance policy is available for as little as $0.90 per day. This optional rider is added to your personal auto insurance policy if you work for ride-sharing companies, such as Uber or Lyft. Currency is readily available to policyholders in nine states, including Arizona, California, Florida, Georgia, Illinois, Nevada, Oklahoma, Texas, and Virginia.

Discounts

Mercury Insurance offers several deals intended to save money on your premiums, including the following:

Payment Discounts

• Multiple Policy Discount: Save money on your auto insurance premiums by bundling it with homeowners, condominium, or tenant insurance. 
• Pay-in-Full Discount: You will be given a discount if you make a full payment in advance. 
• E-Signature Discount: Signing your insurance policy documents digitally will allow you to get a discount.
• Autopay Discount: Signing up for automatic payment gets you another discount.

Driving Habits and History

• Good Driver Discount: You may qualify for a reduced bill if you've been accident-free for a certain amount of time.
• Good Student Discount: Students who excel academically may be eligible for a discount.
• MercuryGO: Drivers who take part in this program are eligible for immediate participation discounts and may receive further discounts when they renew their policy, depending on their behavior. Discounts and availability vary by state.

Vehicle Equipment

• Multiple Car Discount: If you insure two or more vehicles, you might get a discount on your insurance premiums.
• Anti-Theft Discount: Vehicles that are equipped with a security system may qualify for a deduction.

As available discounts vary by state, it's best to contact a Mercury Insurance agent in order to learn what discounts you may be eligible for.

Payment Options

Mercury allows its customers to pay for their premiums in different ways, including by:

• Check
• Credit Card
• Money Order

Alternatively, policy holders can set up automatic payments or make one-time payments online via the Mercury Insurance website.

Loss Ratio

Choosing loss ratios of insurance providers is highly recommended when evaluating companies. This is because they demonstrate that a company may be facing financial difficulties, or that they have the resources to pay claims.

Mercury Insurance Give us a call at 67.40, which is relatively close to the industry average. This indicates that the company is reasonably stable.

Other Features

In addition to its other coverage options, Mercury Insurance offers mechanical breakdown coverage. With this coverage, injuries and associated repair costs will be compensated for if your car breaks down and you're out of warranty.