Selecting a car insurance company can be hard: companies' rates differ based on your driving history, age, and location, and every company's discounts vary. Farm Bureau Mutual and Mercury are two of the most popular insurance companies, offering affordable coverage in most states.
To help simplify the insurance-shopping process, we gathered average rates from Mercury and Farm Bureau Mutual. The below rates cover an array of rating factors, including credit rating, driving record, and demographics. Take a look at these rates and find the right policy for you.
If you have very poor credit, Mercury could be the way to go. On average, Mercury offers better premiums than Farm Bureau Mutual for drivers with credit scores of lower than 580. Drivers with exceptional credit — a score of 800-plus — should consider Farm Bureau Mutual, which typically beats Mercury by $252 annually. View average insurance rates by credit level for Mercury and Farm Bureau Mutual below.
| Credit level | Farm Bureau Mutual avg. annual premium | Mercury avg. annual premium |
| Very Poor (300-579) | $1,780 | $1,115 |
| Fair (580-669) | $1,126 | $1,115 |
| Good (670-739) | $1,193 | $1,290 |
| Very Good (740-799) | $932 | $1,115 |
| Exceptional (800-850) | $863 | $1,115 |
If you are saddled with an at-fault collision, speeding ticket, reckless driving violation, or DWI on your driving record, Farm Bureau Mutual could be a better choice than Mercury. Every insurer will handle driving offenses differently, so always do your due diligence and compare quotes to understand which insurer is best for you.
| Violation | Farm Bureau Mutual avg. annual premium | Mercury avg. annual premium |
| At-fault accident (damage < $1,000) | $1,224 | $1,822 |
| At-fault accident (damage > $1,000) | $1,294 | $1,125 |
| DUI/DWI | $1,850 | $1,882 |
| Reckless driving | $1,546 | $1,882 |
| Speeding ticket | $1,025 | $1,457 |
Car insurance companies use age to outline risk potential, assigning rates on a sliding scale. Car insurance is commonly expensive for beginning and young drivers — because of their inexperience — and relatively affordable for middle-aged drivers. Because every insurance company rates age tiers differently, it's wise to compare rates and find great coverage.
As a general rule, teen drivers should choose Farm Bureau Mutual over Mercury: Farm Bureau Mutual offers average yearly savings of $650, compared to Mercury.
| Age | Farm Bureau Mutual avg. annual premium | Mercury avg. annual premium |
| Teens | $2,767 | $3,417 |
| 20s | $1,545 | $1,554 |
| 30s | $984 | $1,554 |
| 40s | $961 | $1,115 |
| 50s | $866 | $1,086 |
| 60s | $870 | $1,034 |
Costs aside, Farm Bureau Mutual and Mercury both have pros and cons, including discount programs, customer satisfaction ratings, add-ons, and financial stability. Be sure to weigh these elements before deciding.
| Discount Comparison | Farm Bureau Mutual | Mercury |
|---|---|---|
| Good Student | ||
| Multiple Policies | ||
| Multiple Vehicles | ||
| Anti-Theft Device(s) | ||
| Anti-Lock Brake System | ||
| Air Bags | ||
| Good Driver | ||
| Defensive Driver | ||
| Student Away at School | ||
| Driver Training | ||
| Green Vehicles | ||
| Affinity Membership Alum | ||
| Advanced Purchase | ||
| Pay in Full | ||
| Home Owner | ||
| eSign or ePay | ||
| Telematics | ||
| New Vehicle | ||
| Annual Mileage | ||
| Military |
| Ratings Comparison | Farm Bureau Mutual | Mercury |
|---|---|---|
| Financial Strength | Excellent | Superior |
| JD Power Rankings | Not Rated | |
| User Satisfaction | A | A+ |
| Other Products | Farm Bureau Mutual | Mercury |
|---|---|---|
| Boat Insurance | ||
| Condo Insurance | ||
| Life Insurance | ||
| Homeowners Insurance | ||
| Travel Trailer Insurance | ||
| Renters Insurance | ||
| RV Insurance | ||
| Motorcycle Insurance | ||
| Mobile Home Insurance |