Optional Add-ons and Endorsements
In addition to standard coverage, Mercury offers several optional add-ons. These include replacement cost personal property coverage, which replaces items with new ones instead of their depreciated value, water/sewer backup coverage for damage caused by backed-up drains or sewer systems, and service line coverage providing up to $10,000 for repairs to underground utility lines.
Mercury Insurance Rates and Pricing
Understanding the pricing of Mercury Insurance is crucial for potential customers. Mercury Insurance consistently offers competitive rates for both auto and home insurance policies, making it an attractive option for budget-conscious consumers.
Competitive Auto Insurance Rates
Mercury’s full-coverage car insurance rates average $1,596 a year ($133/month), which is significantly less than the national average of $2,399. Their liability-only coverage averages $511 a year ($43/month). Moreover, Mercury is particularly competitive for drivers with less-than-perfect records, offering rates for those with accidents that are 33% below average and rates for those with DUIs that are 45% below average.
Affordable Home Insurance Rates
For homeowners, Mercury Insurance averages $1,149 a year ($96/month) for home insurance, which is approximately 9% less than the industry average of $1,260. When comparing Mercury’s rates to other major insurance companies like State Farm, Allstate, and Progressive, Mercury consistently ranks among the more affordable options in the markets where it operates.
- Mercury Insurance offers auto and home insurance rates below the national average.
- Their full-coverage auto insurance is significantly cheaper than the national average.
- Mercury is competitive for drivers with prior incidents, offering lower rates.
Discounts Available with Mercury Insurance
Mercury Insurance provides a variety of discounts to help policyholders save on their insurance premiums. By offering multiple discount opportunities, Mercury makes its insurance policies more affordable for its customers.
The company offers various discounts on both auto and home insurance policies, allowing customers to save money by bundling their policies or taking advantage of other eligibility criteria.
Auto Insurance Discounts
Mercury offers several auto insurance discounts, including:
- A good driver discount for maintaining a clean driving record
- A good student discount for young drivers with a B average or better
- Payment discounts for setting up auto-pay or paperless billing
- Occupational discounts for specific professions like government employees, pilots, and public safety workers
- The RealDrive program in California, which offers a pay-per-mile option for drivers who drive less frequently
