Erie Insurance and Mercury are two midsize car insurance companies. Both have a long-standing history and offer a wide selection of car insurance options and other insurance products, such as home insurance and renters insurance.
Erie offers cheaper rates and more insurance add-ons. Mercury, on the other hand, has a longer list of discounts and a more attractive telematics program.
Here’s what you should know about Erie and Mercury, including how to compare quotes, coverage levels, and discounts so you can choose the right insurer for your unique coverage needs.
Erie and Mercury are two reputable auto insurance companies. Erie is the better option for low rates and customizable coverage options through a number of add-ons.
While Mercury’s car insurance premiums are higher for most drivers, it might still be a good option if you can lock in affordable coverage through the insurer’s discounts or MercuryGO, the usage-based telematics program. This is particularly true if you’re a driver in one of the 11 states it operates in and want personalized service from a local Mercury insurance expert.
Here’s a look at how these car insurance companies compare.
Founded in 1925, Erie Insurance offers a variety of insurance services to customers in 12 states.1 The company has high customer satisfaction ratings from J.D. Power.
Mercury has been selling insurance since 1961 and offers car insurance, renters insurance, and business insurance through an agent network in 11 states.2
Both Erie and Mercury offer telematics programs that can reward you for safe driving. To participate, you’ll need to download the company’s mobile app, which will track your driving behaviors, such as speeding and phone usage. You’ll then receive feedback to help you improve your driving skills.
Erie provides monetary bonuses that you can redeem for gift cards at more than 25 retailers, Visa prepaid cards, and charitable donations. Mercury offers 5% off (or up to 10% off if you’re a teen driver) just for signing up. Also, if you prove you’re a safe driver, you may secure up to 40% off your premium with Mercury.
Erie has cheaper average rates than Mercury for different drivers and coverage options. Ultimately, your car insurance costs depend on personal factors, such as your location, ZIP code, age, driving record, credit history, and the discounts you qualify for.3
Drivers with clean records can find lower rates for liability insurance with Erie.
Drivers with a speeding ticket will likely secure the cheapest liability car insurance rates with Erie.
Erie offers more affordable liability car insurance coverage than Mercury for young drivers and teen drivers with limited experience on the road.
Senior drivers can land cheaper liability car insurance rates with Erie.
Erie offers cheaper liability auto insurance premiums for drivers with poor credit.
Erie and Mercury both offer standard auto insurance coverage. These include bodily injury liability, property damage liability, medical payments, personal injury protection, uninsured/underinsured motorist coverage, collision insurance, comprehensive insurance, and full-coverage insurance.
The two auto insurance companies also allow drivers to choose from various add-ons for additional protection. Erie offers a few more options, including accident forgiveness and pet injury coverage.
Here’s a closer look at car insurance coverage options from Erie and Mercury.
Erie and Mercury both advertise a number of discounts to help you score a good deal and save money on an auto policy. It’s a good idea to contact both car insurance companies to find out which discounts you might qualify for.
Erie has a unique defensive driving course discount, but Mercury has a good student discount. In the table below, you’ll find various discounts from Erie and Mercury.
The following information can help answer your remaining questions about car insurance products from Erie and Mercury.
Erie offers affordable rates for Erie customers across all categories due to its discount opportunities and the YourTurn telematics program. Keep in mind that factors like your location, ZIP code, vehicle type, and driving record will determine your average annual rate.
Erie holds an A+ (Superior) financial strength rating and high marks from AM Best, which means it’s good at paying claims and offers great customer service. This can be a huge plus if you choose an Erie car insurance policy and have to file a claim.
No. Progressive and Erie are two leading car insurers in the U.S. While Erie offers lower rates to auto owners, Progressive is available in more states.
Mercury has more expensive car insurance coverage than Erie. But Mercury has a better telematics program that lets you save money on your rates each year. Plus, Mercury offers more discounts.
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