Farmers vs Mercury: Which is Better for You?
Compare rates from the top car insurance companies in your area.
Farmers or Mercury: Which company is best for you?
Picking an auto insurance company is sometimes difficult: rates fluctuate by driving record, location, and age, and every company's discounts differ. Farmers and Mercury are two of the most popular insurance companies, providing affordable insurance policies across most of the US.
In an effort to make insurance shopping seamless, we have gathered average insurance rates from Mercury and Farmers. These rates cover a variety of rating factors, including credit rating, driving infractions, and age. Compare rates and find your next car insurance policy today.
Farmers vs. Mercury: by credit level
If you have very poor credit, Mercury could be preferable to Farmers. On average, Mercury offers more affordable rates than Farmers for drivers with credit scores of lower than 580. Insurance shoppers with exceptional credit — a score of 800-plus — should opt for Check out common insurance rates by credit tier for Mercury and Farmers:
INSURER RATES BY CREDIT SCORE: MERCURY VS. FARMERS
|Credit score||Farmers avg. annual premium||Mercury avg. annual premium|
|Very Poor (300-579)||$2,633||$1,115|
|Very Good (740-799)||$1,459||$1,115|
Farmers vs. Mercury: by citation
If you're dealing with an at-fault crash, speeding ticket, reckless driving citation, or DUI on your driving record, Mercury could be a better choice than Farmers. Every auto insurance company has different post-violation pricing structures, so don't be afraid to shop around to understand which insurer is best for you.
INSURER RATES BY VIOLATION: MERCURY VS. FARMERS
|Violation||Farmers avg. annual premium||Mercury avg. annual premium|
|At-fault accident (damage < $1,000)||$2,334||$1,822|
|At-fault accident (damage > $1,000)||$1,699||$1,125|
Farmers vs. Mercury: by age
Insurers use a driver's age as an estimator of risk, pricing policies accordingly. Car insurance is commonly more expensive for teen drivers — thanks to their inexperience — and most affordable for drivers aged 25 or older. Because every auto insurance company rates age tiers differently, it's worth comparing rates and shopping around.
As a general rule, teen drivers should choose Mercury instead of Farmers: the former's average annual rates are $3,101 less than the latter's..
INSURER RATES BY AGE: MERCURY VS. FARMERS
|Age tier||Farmers avg. annual premium||Mercury avg. annual premium|
Setting aside cost, Farmers and Mercury each come with pros and cons, including the insurers' discount programs, add-ons, customer satisfaction ratings, and financial stability. Be sure to weigh these elements before deciding.
|Anti-Lock Brake System|
|Student Away at School|
|Affinity Membership Alum|
|Pay in Full|
|eSign or ePay|
|JD Power Rankings||Excellent||N/A|
|Travel Trailer Insurance|
|Mobile Home Insurance|
|About||Farmers Insurance Hawaii knows how important it is for you to protect your vehicle and save money. That’s why they offer discounts and benefits you may want, along with unparalleled customer and claim service.||Rated A+ by AM Best, Mercury Insurance has been saving customers money on home and auto insurance since 1962.|
|Roadside Assistance||Farmer's Roadside Assistance provides assistance for reasonable and necessary services up to $150, including towing, roadside winching, locksmith services, flat tire changes, and jump starts.||Mercury offers roadside assistance as an optional addition to your policy which provides coverage 24/7 for things like reimbursement for locking keys in your car, a flat tire change, and even a tow up to the limit on your policy.|
|Additional Discounts||Farmers offers an additional discount for seniors.||Mercury insurance offers additional accommodations to military service members like accepting out of state licenses, physical damage only coverage, and more!|
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