Your auto insurance provider has a huge impact on your life. Today, I will review GEICO Vs Mercury to help you to choose the right company for you and your family.
In this article, we will look at the cost, features, claim reviews, mobile app, and more. For the most affordable rates get a quote.
Let’s find out about both insurance providers.
GEICO
GEICO has been insuring people since the 1930s. Today GEICO is the second largest home and auto insurer in the United States.
Mercury
Mercury was founded in 1961 by George Joseph. The current CEO is Gabriel Tirador.
Auto insurance rates comparison
As I always say, it’s hard to gauge insurance prices without comparing rates. You must make sure to compare insurance rates right now to get the best possible price. My auto insurance rates in Fort Lauderdale, FL were cheaper with GEICO than with Mercury.
Not only were they cheaper overall, but I was able to qualify for more discounts. Although their rates are decent, Mercury is not known for having the cheapest auto insurance rates. However, GEICO excels in offering low rates. Once again, someone else’s rates might not be your rates. I encourage you to compare rates today, which can help you to save 15% or more depending on your state.
Auto claims comparison
Using J.D. Power, we will see which company is better for insurance claims. It’s always better to be safe than sorry. If you were to ever get into a car accident, then it’s imperative that you have a company how handles your claims with integrity and in a timely fashion. According to J.D. Power, Mercury is the better company for insurance claims. GEICO scored 870 points while Mercury scored 840 points in the overall customer satisfaction index ranking. Mercury was one out of the four companies in the bottom half of the study while GEICO was one out of seven companies in the top half of the study. In the actual U.S. Auto Claims Satisfaction Study, GEICO received 4 out of 5 Power Circles, which is better than most. Mercury received 2 out of 5 Power Circles, which is among the rest. The only auto insurance carriers that Mercury received a higher score than is COUNTRY FINANCIAL and Safeco.
Better business Bureau Accreditation
Mercury Insurance Group received an “A+” rating from BBB while GEICO received an “A-” rating. These positive scores reveal companies that will handle customer complaints well.
Financial strength comparison
Mercury
Never overlook a company’s financial strength. Companies that have a positive financial strength rating are better equipped to pay out future claims. Better financial strength means a more trustworthy insurance company. Mercury received an “A+” grade from A.M. Best. Mercury has total assets of over $4 billion and Mercury is ranked as the fourth largest private passenger automobile insurer in California.
GEICO
GEICO’S assets exceeds $32 billion. A.M. Best awarded GEICO with an A++ rating which is a better grade than Mercury. Standard & Poor’s (S&P) gave GEICO a powerful AA+ rating for financial strength. From Moody’s Investor Services GEICO received an “Aa1” rating. For 27 years in a row GEICO was listed in Ward Group’s top 50 groups of financially high-performing insurers.
Auto insurance discount comparison
GEICO discounts
Military discount – GEICO is committed to serving active and retired members of the army. Military personnel will be able to save on their auto insurance policy with GEICO. In total, you will be able to save up to 15%.
Membership And Employee Discounts – If you are a member of one of their 500+ groups you will qualify for special savings. A few organizations that are included are Academic Room, American College of Sports Medicine, Association of American Geographers, Coalition on Adult Basic Education, Music Teachers National Association, School Nutrition Association, National Speech and Debate Association, National Council of Teachers of Mathematics, National Audubon Society, Boat Owners Association of The United States, American Bass Anglers, Institute of Internal Auditors, Alameda County Bar Association, Florida Bar, Kentucky Bar Association, Louisiana State Bar Association, National Association of Credit Management, American Probation and Parole Association, California Association for the Education of Young Children, San Diego Association of REALTORS, and more.
Multi-Car – Maybe you have more than one car in your home. You might have one for your wife, one for your son, and one for your daughter. If so, then you will be able to save up to 25% with GEICO’s multi-car discount.
Federal Employee discount – Active or retired federal employees can save up to 8% with GEICO’s awesome federal employee discount. If you qualify for this discount, then make sure to sign up for it.
Five-Year Accident-Free – This is one of the best good driver discounts that you will find among insurance carriers. With GEICO you will be able to save up to 26% on most insurance coverage. To qualify you have to be accident free for at least 5 years/60 months.
Good Student – Your teen driver can help you to save on car insurance. Full-time students who maintain a B average can save up to 15% on certain coverages. Usually policyholders who qualify range from 16 to 24 years old.
Mercury discounts
Mercury Insurance RealDrive – When you verify how many miles that you drive you will be easily be able to save with Mercury. When you sign up you will immediately save 5% on auto insurance. The less that you drive the more that you will be able to save on auto insurance.
Alumni Association Discount – Alumni association members will be able to receive special savings from Mercury.
Good Driver Discount – Having a clean record doesn’t just look good on your license. Insurance carriers such as Mercury will be help you to save because of it.
Occupational Discount – Certain occupations will qualify for an insurance discount. The amount that you will be able to save varies.
Multi-policy discount – When you bundle your home with your auto policy you will be able to save. To qualify you can also bundle condo or renter’s insurance as well. The more that you bundle together the more that you will ultimately be able to save.
Auto Pay Discount – Setting up automatic billing will help to shave off some of your monthly auto insurance payments.
Car feature Discount – Built-in features such as electronic stability control, rear-view cameras, collision preparation systems, parking assistance, and more will help you to save on your insurance policy.
Availability comparison
You want to make sure that your insurance provider is available in your state. Mercury is only available in 11 states. The 11 states that Mercury Insurance is available in includes Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. If you do not live in any of these states, you will not be able to use Mercury.
GEICO is available Nationwide. Not only is GEICO available in all states of the U.S. but GEICO is also available in Mexico, Germany, Greece, Italy, Japan, Spain, and more.
Roadside assistance comparison
Mercury
With Mercury you will be able to extend the life of your vehicle for up to 100,000 miles. The Mercury Mechanical Protection plan gives you benefits such as 24-hour Roadside Assistance, Rental Vehicle Assistance, Road Hazard Tire Protection, Trip Interruption Coverage, transferrable coverage, and more.
GEICO
Roadside assistance coverage with GEICO is going to cost you $14 a year for each vehicle. Emergency roadside service covers jump stars, towing, flat tires, and lockouts.
Mobile app comparison
GEICO
GEICO has the more intuitive app of the two insurance companies. With features such as Digital ID cars, a personal virtual assistant, Vehicle care, gas finder, accident assistance, and more. GEICO has arguable the best auto insurance app in the world.
Mercury
Mercury Portal helps Mercury customers to view their policy information, request auto policy changes, contact your agent, pay your bill, and more.
Bottom line
I believe GEICO comes out on top in this insurance comparison. However, before making any decisions make sure that you compare quotes now which can be done in under 3 minutes.