GEICO, one of the largest U.S. auto insurance companies, has competitive rates and various car insurance discounts. Mercury is a smaller car insurance company that offers a variety of auto policies in 11 states.
Compare quotes and coverage options from GEICO, Mercury, and more to decide on the best option for your insurance needs. Here’s what you need to know about car insurance offerings from GEICO and Mercury.
GEICO typically provides cheaper auto insurance coverage than Mercury. Policyholders with GEICO can save even more on coverage through more than a dozen available discounts. The company serves customers in all 50 states. Mercury also has a solid selection of discounts, but it only offers coverage in 11 states.
Also, GEICO earned higher ratings than Mercury in the J.D. Power 2023 claims satisfaction and customer satisfaction studies. However, if you’d like personalized customer service through a local agent and can lock in competitive premiums and a few discounts, Mercury may still be a good option for you.
Founded in 1936, GEICO is the third-largest auto insurer in the United States by market share.1 The company has an A++ (Superior) financial strength rating from AM Best and a below-average number of customer complaints filed with the National Association of Insurance Commissioners (NAIC) for a company of its size.
GEICO sells other insurance products in addition to auto insurance, including homeowners, renters, motorcycle, boat, and business insurance. Drivers can save by bundling two or more policies with GEICO.
Selling insurance coverage since 1961, Mercury now serves 11 states with basic car insurance products through an insurance agent network. The company earned an A (Excellent) financial strength rating from AM Best, and a below-average number of customers filed complaints with the NAIC regarding Mercury auto insurance, indicating customer satisfaction.
Mercury sells auto, home, property, umbrella, and business insurance. Customers can also qualify for a bundling discount.
DriveEasy is a telematics program you can enroll in via the GEICO mobile app. If you practice safe driving habits, you can save up to 25% on your insurance premiums, including the 15% initial sign-up discount. The app will track your driving habits, including factors like speeding and hard braking, to determine your discount. Poor driving can lead to higher rates.
MercuryGO is Mercury’s usage-based insurance program for drivers in Arizona, Florida, Georgia, Illinois, Nevada, New Jersey, Oklahoma, Texas, and Virginia. It serves as a virtual driving coach and offers feedback about your driving behavior. You can earn a 5% discount for signing up and up to 40% at the time of renewal, depending on your driving score.
GEICO offers cheaper car insurance rates than Mercury on average for various coverage options. However, your premiums will ultimately depend on your location, ZIP code, age, motor vehicle type, driving history, credit score, and the discounts you qualify for.
For drivers with a clean driving record, GEICO offers lower premiums, on average.
Drivers with speeding tickets will likely find the cheapest car insurance rates with GEICO. People with clean records pay less for an auto policy than high-risk drivers with past incidents.
Teen drivers and young drivers with limited experience on the road can lock in more affordable car insurance coverage and the lowest rate with GEICO.
GEICO offers lower rates for people with bad credit scores. Drivers with good or excellent credit generally pay more for coverage than people with poor credit.
Senior drivers can typically enjoy cheaper car insurance rates with GEICO.
GEICO and Mercury both offer all the standard auto coverages, including bodily injury liability, property damage liability, medical payments, personal injury protection, uninsured/underinsured motorist, collision, comprehensive, and full-coverage insurance. Most states require drivers to carry a minimum amount of liability insurance.
The companies each have insurance add-ons and endorsements, though the offerings vary. For example, GEICO offers accident forgiveness to prevent your premium from increasing after your first at-fault accident. And Mercury sells ride-hailing insurance that can protect rideshare drivers when their app is on but they haven’t accepted a customer.
Compare coverage offerings from the two auto insurers below.
GEICO and Mercury both advertise discounts to help you secure a cheaper auto insurance policy and find the most affordable option for your coverage needs and driving history. In addition to lower average rates, GEICO offers more discounts than Mercury. It’s a good idea to contact both car insurance companies to find out which discounts you might qualify for.
Learn more about discount opportunities from GEICO and Mercury below.
Deciding on the right car insurance company for you is important. The following information should help answer your remaining questions about coverage from GEICO and Mercury.
By market share, State Farm and Progressive are GEICO’s biggest competitors. These two top auto insurance companies are the largest and second-largest auto insurance companies. GEICO ranks behind them both with the third-largest share of the market. All three companies have high IQ Scores and quality coverage options.
Yes. Mercury Insurance Group is a good car insurance company that has sold car insurance products to customers since 1961. The company has an A (Excellent) financial strength rating from AM Best, which indicates an ability to pay claims. Furthermore, Mercury has a below-average number of customer complaints filed with the NAIC for a company of its size.
Mercury policyholders may find cheap rates because of the company’s list of discounts and MercuryGO, the usage-based telematics program. Your specific premium will vary by your location, age, driving history, and more.
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