State Farm or Mercury: Which Company is Best for You?
Picking a car insurance company can be tough: rates vary based on your location, vehicle, and driving record, and insurers offer a variety of perks. State Farm and Mercury are two of America's most popular car insurance companies, offering competitively priced insurance policies in most states.
To make shopping for car insurance easier, we have gathered average rates from Mercury and State Farm. These take into consideration an array of rating factors, including credit rating, driving history, and demographics. Check out the below rates and find an affordable policy today.
Looking for in-depth analysis? Read full-length reviews of State Farm and Mercury.
State Farm vs. Mercury: insurance rate comparison
State Farm vs. Mercury: pricing by credit score
If you have very poor credit, Mercury could be the best option for you. Typically, Mercury offers lower premiums than State Farm for drivers with credit scores of less than 580. Those with excellent credit — a score of 800 or better — should lean toward View typical insurance rates by credit score for Mercury and State Farm below.
CREDIT SCORE INSURANCE RATE COMPARISON: MERCURY VS. STATE FARM
| Credit level | State Farm avg. annual premium | Mercury avg. annual premium |
| Very Poor (300-579) | $3,522 | $1,115 |
| Fair (580-669) | $2,003 | $1,115 |
| Good (670-739) | $1,613 | $1,290 |
| Very Good (740-799) | $1,451 | $1,115 |
| Exceptional (800-850) | $1,260 | $1,115 |
State Farm vs. Mercury: rates for drivers with bad records
If you are dealing with an at-fault accident, speeding ticket, reckless driving violation, or DUI on your driving record, Mercury could be a better choice than State Farm. Every car insurance company enacts rate penalties differently, so don't be afraid to shop around to figure out which insurer suits you.
RATES BY VIOLATION: MERCURY VS. STATE FARM
| Violation | State Farm avg. annual premium | Mercury avg. annual premium |
| At-fault accident (damage < $1,000) | $2,849 | $1,822 |
| At-fault accident (damage > $1,000) | $1,524 | $1,125 |
| DUI/DWI | $3,854 | $1,882 |
| Reckless driving | $2,895 | $1,882 |
| Speeding ticket | $1,983 | $1,457 |
State Farm vs. Mercury: rates by age bracket
Insurers rely on age to estimate risk, pricing premiums accordingly. Auto insurance is usually more expensive for young drivers — due to their increased odds of being involved in an accident — and relatively affordable for middle-aged drivers. Since every insurance company prices age tiers in a different way, it's wise to compare rates and find great coverage.
As a general rule, teen drivers should choose Mercury over State Farm: the former's average annual rates are $2,403 less than the latter's..
COMPARING AUTO INSURANCE RATES BY AGE: MERCURY VS. STATE FARM
| Age | State Farm avg. annual premium | Mercury avg. annual premium |
| Teens | $5,820 | $3,417 |
| 20s | $2,379 | $1,554 |
| 30s | $1,585 | $1,554 |
| 40s | $1,587 | $1,115 |
| 50s | $1,558 | $1,086 |
| 60s | $1,485 | $1,034 |
Finances aside, State Farm and Mercury both have pros and cons, including discount programs, customer satisfaction ratings, add-ons, and financial stability. Be sure to get quotes and compare rates before purchasing a policy.
| Discount Comparison | State Farm | Mercury |
|---|---|---|
| Good Student |
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| Multiple Policies |
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| Multiple Vehicles |
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| Anti-Theft Device(s) |
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| Anti-Lock Brake System |
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| Air Bags |
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| Good Driver |
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| Defensive Driver |
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| Student Away at School |
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| Driver Training |
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| Green Vehicles | ||
| Affinity Membership Alum |
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| Advanced Purchase |
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| Pay in Full |
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| Home Owner |
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| eSign or ePay | ||
| Telematics |
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| New Vehicle | ||
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| Military |
| Ratings Comparison | State Farm | Mercury |
|---|---|---|
| Financial Strength | Excellent | Superior |
| JD Power Rankings | Above average | N/A |
| User Satisfaction | 4.5/5 | 4.5/5 |
| Other Products | State Farm | Mercury |
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| Boat Insurance |
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| Condo Insurance |
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| Homeowners Insurance |
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| Travel Trailer Insurance |
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| Renters Insurance |
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| RV Insurance |
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| Motorcycle Insurance |
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| Mobile Home Insurance |
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| Other Features | State Farm | Mercury |
|---|---|---|
| About | Get the protection you need at a price you can afford with State Farm; offering packaged options, discounts and custom coverage to meet any driver's needs. | Rated A+ by AM Best, Mercury Insurance has been saving customers money on home and auto insurance since 1962. |
| Roadside Assistance | State Farm's Emergency Road Service offers mechanical labor at the place of breakdown, the towing of your vehicle to a repair facility, removal of a stuck vehicle, delivery of gas or oil, assistance with changing a tire or a jumpstart, and locksmith services. | 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 | State Farm offers an additional discount for vehicles made in 1994 or later, depending on the loss experience of the vehicle make and model. | Mercury insurance offers additional accommodations to military service members like accepting out of state licenses, physical damage only coverage, and more! |
| Recent Questions |
My car was towed by an apartment complex, will State Farm reimburse me for the towing cost?
Roadside assistance covers towing but it won't cover your car being towed by someone else. Your insurance company will not cover the cost of your car being towed from parking in the wrong location.
I started a claim but canceled it with no payout. Why is it on my CLUE report?
Unfortunately, if you start the claims process, the insurance company can list it on your CLUE report through LexisNexis which contains your claims history — even if there was no payout or resolution. You can dispute with State Farm to see if they will remove it, but at this point, that is really the only option which is definitely frustrating.
Does State Farm cover rodent damage to my car's electrical wiring through comprehensive coverage?
While I can't speak specifically for State Farm, most companies will cover damage caused by a rodent under comprehensive coverage. For specifics about your State Farm policy, you will want to contact them directly.
Does State Farm match auto insurance quotes with other companies?
In truth, no. Car insurance companies determine their rates based on their previous years' filings (loss to revenue ratio) in addition to other factors.
See More Questions
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Can I use my roadside assistance if I'm in my friends car?
When you have roadside assistance through your insurance company, the service is only available on the vehicle that the coverage is listed. There are other roadside companies that will allow you to use the roadside no matter whose vehicle you are in.
See More Questions
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