Mercury Insurance: Types of Car Insurance They Offer (2024 Update)
Discover what types of car insurance coverage Mercury Insurance offers, including comprehensive and liability options. The most basic coverage, liability insurance, typically starts from $85 per month. Learn how Mercury’s coverage options ensure you’re fully protected on the road.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, Finance101.com, and Forbes. As a parent herself, she ...
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UPDATED: Sep 11, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
UPDATED: Sep 11, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
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The types of car insurance coverage offered by Mercury Insurance include liability, collision, and comprehensive coverage. Each option provides different levels of protection to ensure you’re safeguarded on the road.
Understanding the different types of coverage is essential for choosing the policy that suits your specific needs. In this article, we will delve into the various auto insurance coverage options offered by Mercury Insurance, shedding light on their benefits and importance. Explore your auto insurance options by entering your ZIP code into our free comparison tool above today.
- Mercury Insurance offers liability, collision, and comprehensive coverage
- Extra benefits include roadside assistance, rental car, and ride-share coverage
- Liability insurance is the most basic protection, covering damages caused to others
Understanding Car Insurance Coverage
Before delving into the specific coverage options offered by Mercury Insurance, it is important to understand the basics of car insurance. What you should know about auto insurance includes understanding the key components and the protection it offers for both the driver and their vehicle.
The Basics of Car Insurance
Car insurance is a contract between the policyholder and the insurance company, where the policyholder pays a premium in exchange for financial protection in the event of an accident or loss.
Car insurance is not just a legal requirement, but also a practical necessity. It provides financial protection for both the driver and their vehicle. Without car insurance, the driver would be personally responsible for any damages or injuries caused in an accident, which could lead to significant financial strain.
The key components of car insurance include liability coverage, which protects the insured driver from the financial responsibility of causing damage or injury to others, and physical damage coverage, which protects the insured vehicle itself.
Auto Insurance Monthly Rates for Mercury vs. Competitors by Coverage Level| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $92 | $150 |
| American Family | $77 | $132 |
| Farmers | $87 | $142 |
| Geico | $74 | $130 |
| Liberty Mutual | $94 | $155 |
| Mercury | $85 | $145 |
| Nationwide | $82 | $137 |
| Progressive | $80 | $140 |
| State Farm | $78 | $135 |
| Travelers | $81 | $138 |
| USAA | $68 | $125 |
Liability coverage helps to cover the costs of medical bills, property damage, and legal fees that may arise from an accident where the insured driver is at fault. Physical damage coverage, on the other hand, helps to cover the costs of repairing or replacing the insured vehicle if it is damaged or stolen.
Importance of Adequate Coverage
Having adequate car insurance coverage is crucial for both legal and financial reasons. In most states, drivers are required to carry a minimum amount of liability coverage to meet legal obligations. This ensures that all drivers have at least some level of financial protection in case of an accident.
However, it is important to note that the minimum required coverage may not be enough to fully protect you in all situations. Accidents can cause extensive damage and injuries, which can quickly exceed the limits of minimum coverage. Therefore, it is highly recommended to consider purchasing additional coverage to ensure that you are adequately protected.
Read more: How do I know if I chose the right coverages?
Additionally, having comprehensive coverage safeguards against costly repairs or replacements in the event of an accident or theft. Comprehensive coverage not only covers damages caused by accidents, but also protects against non-collision events such as vandalism, natural disasters, and theft.
This type of coverage provides peace of mind, knowing that you are protected from potential financial burdens that may arise from accidents or unexpected events.
Furthermore, car insurance can also provide additional benefits such as roadside assistance, rental car coverage, and uninsured/underinsured motorist coverage. Roadside assistance can be a lifesaver in case of a breakdown, providing services such as towing, fuel delivery, and tire changes. Rental car coverage helps to cover the costs of a rental vehicle while your insured vehicle is being repaired.
Uninsured/underinsured motorist coverage protects you in case you are involved in an accident with a driver who does not have insurance or does not have enough insurance to cover the damages.
In conclusion, car insurance is not just a legal requirement, but also a crucial financial protection. Adequate coverage ensures that you are protected from potential financial burdens that may arise from accidents or unexpected events. It is important to carefully consider your coverage options and choose a policy that suits your needs and provides you with the necessary level of protection.
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Overview of Mercury Insurance
Mercury Insurance, a trusted provider of car insurance, has been serving policyholders with quality coverage and exceptional customer service for over five decades. Since its establishment in 1961, the company has built a strong reputation in the industry.
Over the years, Mercury Insurance has earned numerous accolades and recognition for its unwavering commitment to customer satisfaction. This recognition is a testament to the company’s dedication to delivering reliable and trustworthy insurance solutions.
What is Mercury Insurance’s A.M. Best rating? Mercury Insurance holds an A.M. Best rating of ‘A’ (Excellent), indicating its strong financial stability and ability to meet its ongoing insurance obligations. With a solid foundation, the company is well-equipped to meet the needs of its policyholders and provide them with the peace of mind they deserve.
History and Reputation of Mercury Insurance
Mercury Insurance’s long-standing history dates back to its inception in 1961. Since then, the company has grown and evolved, adapting to the changing needs of the insurance industry and its policyholders.
Throughout its history, Mercury Insurance has consistently prioritized customer satisfaction.
By going above and beyond to meet the needs of its policyholders, the company has established itself as a reliable and trusted provider of car insurance.
The company’s commitment to excellence has not gone unnoticed. Mercury Insurance has received numerous awards and recognition for its outstanding performance in the industry. These accolades serve as a testament to the company’s unwavering dedication to its customers. If you want to learn about Mercury Insurance claims process, read our guide on how to renew your car insurance policy with Mercury Insurance.
Mercury Insurance’s Approach to Car Insurance
Understanding that each driver has unique needs and preferences, Mercury Insurance takes a personalized approach to car insurance. The company offers a wide range of coverage options that can be tailored to meet individual requirements.
By providing flexible coverage options, Mercury Insurance ensures that policyholders can find the policy that best suits their specific needs.
Whether it’s comprehensive coverage for maximum protection or a more budget-friendly option, the company strives to provide options that cater to different preferences and budgets. In addition to its comprehensive coverage options, Mercury Insurance is known for its exceptional customer service and claims handling.
Read more: How to File an Car Insurance Claim With Mercury Casualty Company
The company’s knowledgeable representatives are readily available to assist policyholders throughout the claims process, making it a seamless and hassle-free experience.
Mercury Insurance understands that filing a claim can be a stressful time for policyholders, and their dedicated team works diligently to provide the support and guidance needed during such situations. With their expertise and commitment to customer satisfaction, policyholders can trust that their claims will be handled efficiently and effectively.
Types of Car Insurance Coverage by Mercury Insurance
When it comes to car insurance, it’s important to understand the different types of coverage available to you. A top question is, “What are the 3 types of car insurance?”
The three main types of car insurance are liability insurance, collision insurance, and comprehensive insurance. Let’s take a closer look at each type of coverage:
Liability Coverage
We often get the question, “What is the most basic type of vehicle insurance coverage?” Liability coverage is the most basic coverage. It provides financial protection in the event that you are responsible for causing damage or injury to others.
Liability Auto Insurance Monthly Rates by State| State | Rates |
|---|---|
| Alabama | $38 |
| Alaska | $35 |
| Arizona | $42 |
| Arkansas | $40 |
| California | $46 |
| Colorado | $35 |
| Connecticut | $64 |
| Delaware | $82 |
| Florida | $47 |
| Georgia | $53 |
| Hawaii | $30 |
| Idaho | $22 |
| Illinois | $35 |
| Indiana | $32 |
| Iowa | $21 |
| Kansas | $35 |
| Kentucky | $53 |
| Louisiana | $46 |
| Maine | $35 |
| Maryland | $69 |
| Massachusetts | $39 |
| Michigan | $114 |
| Minnesota | $51 |
| Mississippi | $39 |
| Missouri | $36 |
| Montana | $29 |
| Nebraska | $28 |
| Nevada | $48 |
| New Hampshire | $35 |
| New Jersey | $88 |
| New Mexico | $41 |
| New York | $72 |
| North Carolina | $36 |
| North Dakota | $34 |
| Ohio | $31 |
| Oklahoma | $38 |
| Oregon | $52 |
| Pennsylvania | $37 |
| Rhode Island | $61 |
| South Carolina | $48 |
| South Dakota | $18 |
| Tennessee | $29 |
| Texas | $49 |
| Utah | $43 |
| Vermont | $30 |
| Virginia | $34 |
| Washington | $35 |
| Washington D.C. | $54 |
| West Virginia | $43 |
| Wisconsin | $33 |
| Wyoming | $24 |
Mercury Insurance’s liability coverage pays for the cost of repairing damaged property, medical expenses, and legal fees if you are sued as a result of an accident. For more details on broader protection, read about Personal Liability Insurance, which can offer additional coverage in certain situations.
Having adequate liability coverage is essential for protecting your financial assets and ensuring that you can meet any legal obligations that may arise from an accident. It gives you peace of mind, knowing that you are financially protected in case of an unfortunate event.
Collision Coverage
While liability coverage protects others, collision coverage protects your own vehicle. It covers damages resulting from a collision with another vehicle or object, regardless of who is at fault. If you have collision coverage, Mercury Insurance will pay for the repair or replacement of your vehicle, up to its actual cash value. Learn more about fault and no-fault car accidents in our guide.
Collision coverage is particularly beneficial if you have a newer or high-value vehicle, as repairs or replacements can be costly. Adding collision coverage to your policy gives you peace of mind, knowing that your vehicle is protected in the event of an accident. Whether it’s a small fender bender or a major collision, you can rest assured that Mercury Insurance has you covered.
Comprehensive Coverage
You might be wondering, “What type of car insurance gives you the most coverage?” Comprehensive coverage provides the most extensive protection against a wide range of non-collision-related damages. This includes theft, vandalism, fire, and natural disasters. If your vehicle is stolen, destroyed by a fire, or damaged due to a falling tree branch, Mercury Insurance’s comprehensive coverage will cover the cost of repairs or replacement.
What’s the best🏆 type of auto insurance for your money? If you already have required liability coverage, but you want to bolster your policy as cheaply 🤑as possible, comprehensive coverage might be a good option. Check out the details here👉: https://t.co/ii0sdamKtX pic.twitter.com/stFLw0pXK5
— AutoInsurance.org (@AutoInsurance) May 28, 2024
Comprehensive coverage is especially important for drivers who live in areas prone to theft or natural disasters. It provides comprehensive protection and helps ensure that you are financially secure in unexpected situations.
With comprehensive coverage, you can drive with confidence, knowing that you are protected against a variety of risks beyond your control. Foe more information, read our article “Does Mercury Insurance car insurance cover damage caused by an earthquake?”
Uninsured/Underinsured Motorist Coverage
Even though car insurance is a legal requirement, not all drivers on the road have proper coverage. Uninsured/Underinsured Motorist coverage protects you if you are involved in an accident with a driver who does not have insurance or has insufficient coverage to pay for your damages. This coverage ensures that you are adequately protected, even if the at-fault driver cannot cover the costs.
Given the high number of uninsured or underinsured motorists on the road, having this coverage provides an added layer of protection and peace of mind.
It ensures that you won’t be left with the financial burden of medical expenses, vehicle repairs, or other damages caused by an uninsured or underinsured driver.
Medical Payments Coverage
Medical Payments coverage, also known as MedPay, pays for medical expenses resulting from injuries sustained in an accident, regardless of who is at fault. This coverage is particularly beneficial if you do not have health insurance or have high deductibles, as it helps cover medical bills, ambulance fees, and even funeral expenses in some cases.
Having Medical Payments coverage ensures that you receive prompt medical treatment without worrying about the associated costs, allowing for a smoother recovery process. It provides peace of mind, knowing that you can focus on your health and well-being without the added stress of medical bills piling up.
Wondering about medical payments coverage from Mercury Insurance? Read our article “Does Mercury Insurance offer medical payments coverage?”
Personal Injury Protection
Personal Injury Protection (PIP) coverage works similarly to Medical Payments coverage but generally includes a broader range of benefits. PIP coverage not only covers medical expenses but also provides compensation for lost wages, essential services, and funeral expenses.
PIP coverage is required in some states and is particularly beneficial for individuals who rely on their vehicles for daily transportation or have dependents who would be financially impacted if they were unable to work due to injuries sustained in an accident. It provides comprehensive support, ensuring that you and your loved ones are taken care of in the event of an accident.
Read more: Personal Injury Protection (PIP) and Medical Coverage that Your Car Insurance Policy will Pay For
As you can see, Mercury Insurance offers a range of car insurance coverage options to meet your specific needs. Whether you’re looking for basic liability coverage or comprehensive protection, they have you covered.
It’s important to carefully consider your coverage options and choose the ones that provide the right level of protection for you and your vehicle. With Mercury Insurance, you can drive with confidence, knowing that you have the coverage you need in case of any unforeseen circumstances.
Additional Coverage Options from Mercury Insurance
Roadside Assistance
Mercury Insurance offers a Roadside Assistance program, providing valuable support when unexpected breakdowns or emergencies occur.
Brandon Frady Licensed Insurance Agent
This additional coverage option provides peace of mind, knowing that you are covered in case of roadside emergencies, no matter where you are.
Rental Car Coverage
In the event of an accident or while your vehicle is being repaired, rental car coverage from Mercury Insurance ensures that you have a temporary vehicle to use. This coverage covers the cost of renting a vehicle, allowing you to maintain your daily routine while your car is being repaired or replaced.
Should you buy insurance coverage from the car 🚗rental company or use your own policy? Get the information you need right here👉: https://t.co/CZnMIHFP9S pic.twitter.com/lxO8Qgb2HT
— AutoInsurance.org (@AutoInsurance) August 7, 2024
Having rental car coverage ensures that you are not inconvenienced by unforeseen accidents or repairs, keeping you mobile and minimizing disruption to your daily activities.
Read more: Rental Car Insurance & Collision Damage Waiver (CDW)
Ride-Share Insurance
Ride-share insurance coverage is a relatively new but essential addition to car insurance coverage. It offers protection for drivers who work for ride-sharing services like Uber or Lyft, filling the gaps in coverage that may exist when using personal car insurance policies. Mercury Insurance’s ride-share insurance provides coverage while you are driving for a ride-sharing service, ensuring that you are adequately protected at all times.
As ride-sharing becomes increasingly popular, having ride-share insurance becomes crucial for drivers who want to ensure they have comprehensive coverage while working for a ride-sharing company.
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Mercury Insurance Car Insurance Types
Mercury Insurance offers a comprehensive range of car insurance coverage options to suit the needs of all drivers. Understanding the various coverage options, such as liability, collision, and comprehensive coverage, enables drivers to select the policy that best meets their individual needs.
Additionally, Mercury Insurance provides additional coverage options, such as roadside assistance, rental car coverage, and ride-share insurance, to further enhance policyholders’ benefits and peace of mind. By choosing Mercury Insurance, drivers can feel confident they are adequately protected on the road.
Save money by comparing online car insurance quotes. Just enter your ZIP code into our free comparison tool below to instantly compare quotes near you.
Frequently Asked Questions
What types of car insurance coverage does Mercury Insurance offer?
Mercury Insurance offers a range of car insurance coverage options, including liability coverage, collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, medical payments coverage, personal injury protection, rental car reimbursement coverage, and roadside assistance coverage.
What is personal injury protection?
Personal injury protection, also known as PIP, is a type of car insurance that helps cover the costs of medical expenses, lost wages, and other related expenses for you and your passengers if you are injured in an accident, regardless of who is at fault. It may also provide coverage for funeral expenses and other benefits. Read more: Is a personal injury settlement taxable?
What is liability coverage?
Liability coverage is a type of car insurance that helps cover the costs if you are at fault in an accident and cause injury or property damage to others. It typically includes bodily injury liability and property damage liability.
Does Mercury have accident forgiveness?
As of August 2024, Mercury Insurance does not offer accident forgiveness as part of its standard auto insurance policies.
Is Mercury bad insurance?
No, Mercury Insurance has been in business since 1962 and has consistently received high ratings from independent rating agencies such as A.M. Best and J.D. Power. They have a solid financial standing and provide reliable coverage to their customers.
What is collision coverage?
Collision coverage is a type of car insurance that helps cover the costs of repairing or replacing your vehicle if it is damaged in a collision with another vehicle or object.
People often ask, “Is collision coverage better than full coverage?” Collision coverage is just one part of full coverage, which also includes comprehensive coverage for non-collision incidents like theft or natural disasters. If you want more extensive protection, full coverage is the better choice. When considering your options, it’s important to compare policies from the best car insurance companies for collision coverage to ensure you make an informed decision.
Who owns Mercury car insurance?
Mercury Insurance Group is owned by its parent company, Mercury General Corporation, which is publicly traded on the New York Stock Exchange (NYSE) under the symbol MCY.
What is comprehensive coverage?
Comprehensive coverage is a type of car insurance that helps cover the costs of repairing or replacing your vehicle if it is damaged by something other than a collision, such as theft, vandalism, fire, or natural disasters.
Does Mercury Insurance offer rental car reimbursement coverage?
We often get the question, “Does Mercury Insurance car insurance cover rental reimbursement if my car is being repaired?” The answer is yes. Mercury Insurance offers rental car reimbursement coverage, which helps cover the costs of renting a replacement vehicle while your car is being repaired after an accident.
What is uninsured/underinsured motorist coverage?
Uninsured/underinsured motorist coverage is a type of car insurance that helps cover the costs if you are involved in an accident with a driver who doesn’t have insurance or doesn’t have enough insurance to fully cover the damages.
Does Mercury Insurance offer roadside assistance coverage?
Yes, Mercury Insurance offers roadside assistance coverage, which provides services such as towing, fuel delivery, lockout assistance, and tire changes if your vehicle breaks down or you encounter other roadside emergencies.
What type of insurance is Mercury?
Mercury Insurance provides personal auto, homeowner’s, renters, condo unit owner’s, umbrella and mechanical breakdown insurance. They also offer business auto insurance for small to medium-sized businesses.
What is medical payments coverage?
Medical payments coverage, also known as MedPay, is a type of car insurance that helps cover the costs of medical expenses for you and your passengers if you are injured in an accident, regardless of who is at fault. Learn how fault is determined in our guide, “Car Accident – Determining Who Is at Fault.”
Why is Mercury Insurance so cheap?
Mercury Insurance offers competitive rates due to its efficient operations and use of technology, which allows it to keep its overhead costs low. They also has a strict underwriting process that allows it to provide coverage only to low-risk drivers.
Is Mercury a reputable company?
Yes, Mercury Insurance is a reputable company with over 50 years of experience in the industry. It is known for its competitive rates, efficient operations, and strong customer service.
Does Mercury offer discounts?
Yes, Mercury Insurance offers various discounts to help customers save money on their insurance premiums. You might be wondering, “What car insurance discounts does Mercury Insurance Company of Illinois offer?” Mercury Insurance discounts include, safe driver, multi-policy, good student, and anti-theft device discounts among others.
What are the payment options for Mercury?
Mercury Insurance offers several convenient payment options for their customers including online payments, automatic payments through bank accounts or credit cards, by phone, mail or at one of their local offices. Find the best auto insurance rates no matter how much coverage you need by entering your ZIP code below into our comparison tool today.
Enter your ZIP code below to compare cheap insurance rates.
Secured with SHA-256 Encryption
Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, Finance101.com, and Forbes. As a parent herself, she ...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.