GEICO vs. Mercury: Which one is the cheapest?
GEICO costs an average of $405, while Mercury has average rates for state minimum coverage of $607.
For full coverage with 100/300/100 in liability and $500 deductibles for comprehensive and collision, GEICO costs an average of $1,763 annually. Mercury is more expensive, with an average cost of $2,314.
It's always smart to compare quotes because prices and required coverage can change depending on your state and individual situation.
| Company | Average annual rate for full coverage | Average annual rate for state minimum coverage | Average annual premium for liability-only (50/100/50) car insurance |
|---|---|---|---|
| GEICO | $1,763 | $405 | $560 |
| Mercury | $2,314 | $607 | $975 |
GEICO vs. Mercury: Rates by age group
For teens - one of the most expensive age groups to insure - GEICO offers the lowest rates at $5,049 per year. Mercury is more expensive, with an average cost of $7,475 for a teen driver.
Age plays a major role in calculating insurance rates. Companies look at things like speeding, accidents and distracted driving. Teen drivers are seen as high-risk, which makes them one of the most expensive age groups to insure. Rates usually go down as you get older.
For example, adults pay an average of $5,049 with GEICO, while Mercury charges an average of $7,475 for an adult.
| Age group | GEICO | Mercury |
|---|---|---|
| Teens | $5,049 | $7,475 |
| Young adults | $2,647 | $3,989 |
| Adults | $1,776 | $2,369 |
| Seniors | $1,787 | $2,344 |
GEICO vs. Mercury: Rates for high-risk drivers
Mercury has the lowest rates for high-risk drivers. A high-risk driver is someone with several speeding tickets, accidents or a serious offense like a DUI on their record. This can make it hard to get affordable car insurance.
For drivers with a DUI, Mercury is more affordable, with average rates of $3,463.
Check the table below to see how GEICO rates compare to Mercury rates.
| Type of violation | GEICO | Mercury |
|---|---|---|
| 1 At-fault property damage accident over $2K | $3,155 | $4,292 |
| 1 At-fault property damage accident under $2K | $3,147 | $4,280 |
| At-fault bodily injury accident | $3,320 | $4,176 |
| Careless driving | $2,447 | $3,558 |
| DUI | $4,504 | $3,463 |
| Reckless driving | $3,628 | $3,938 |
| Speeding | $2,831 | $3,240 |
GEICO vs. Mercury: Rates in your state
Insurance rates vary from state to state. Companies use information from your ZIP code, like weather, crime and traffic patterns, to calculate the risk. The table below shows where you'll find the cheapest rates for GEICO and Mercury. Remember, always shop around for multiple quotes as prices will ultimately be determined by your personal situation and driving record in addition to your location.
| State | GEICO | Mercury |
|---|---|---|
| Alabama | $1,625 | N/A |
| Alaska | $1,338 | N/A |
| Arizona | $1,312 | N/A |
| Arkansas | $1,794 | N/A |
| California | $1,919 | $2,031 |
| Colorado | $1,445 | N/A |
| Connecticut | $1,242 | N/A |
| Delaware | $1,695 | N/A |
| Florida | $2,214 | $3,358 |
| Georgia | $2,072 | $2,219 |
| Hawaii | $1,184 | N/A |
| Idaho | $1,174 | N/A |
| Illinois | $1,178 | N/A |
| Indiana | $986 | N/A |
| Iowa | $1,716 | N/A |
| Kansas | $1,622 | N/A |
| Kentucky | $2,106 | N/A |
| Louisiana | $2,983 | N/A |
| Maine | $1,228 | N/A |
| Maryland | $1,262 | N/A |
| Massachusetts | $1,269 | N/A |
| Michigan | $1,553 | N/A |
| Minnesota | $2,495 | N/A |
| Mississippi | $2,210 | N/A |
| Missouri | $3,217 | N/A |
| Montana | $2,382 | N/A |
| Nebraska | $2,372 | N/A |
| Nevada | $1,708 | $2,156 |
| New Hampshire | $1,212 | N/A |
| New Jersey | $1,563 | N/A |
| New Mexico | $1,406 | N/A |
| New York | $1,736 | N/A |
| North Carolina | $1,617 | N/A |
| North Dakota | $1,773 | N/A |
| Ohio | $1,373 | N/A |
| Oklahoma | $1,820 | $2,237 |
| Oregon | $1,683 | N/A |
| Pennsylvania | $2,308 | N/A |
| Rhode Island | $2,292 | N/A |
| South Carolina | $2,054 | N/A |
| South Dakota | $2,384 | N/A |
| Tennessee | $1,565 | N/A |
| Texas | $1,644 | N/A |
| Utah | $1,325 | N/A |
| Vermont | $1,276 | N/A |
| Virginia | $1,382 | N/A |
| Washington | $1,171 | N/A |
| Washington, D.C. | $1,408 | N/A |
| West Virginia | $2,248 | N/A |
| Wisconsin | $1,195 | N/A |
| Wyoming | $2,514 | N/A |
GEICO vs. Mercury: Which offers better discounts?
Discounts are a big draw for customers and can offer significant savings on your annual premiums. Below are some of the discounts GEICO and Mercury offer to their customers.
| Discounts | Mercury | GEICO |
|---|---|---|
| Lower annual mileage | 9% | 5% |
| Purchase status | N/A | 9% |
| Loyalty | 8% | 3% |
| Marital status | 12% | 7% |
| Multi policy | 10% | 7% |
| Homeowner | 7% | 12% |
| Daily commute | N/A | 6% |
| Profession | 6% | 10% |
| Electronic funds transfer | 5% | N/A |
| Days advanced purchase | 5% | N/A |
| Electronic signature | 3% | N/A |
| Air bags | N/A | 2% |
| Paperless/electornic documents | 2% | N/A |
| Safety devices | 1% | 2% |
| Payment type | 13% | 16% |
| Education | N/A | 12% |
| Telematics | N/A | 10% |
| Anti-theft device | 1% | 1% |
Always be sure to ask about available discounts when you're shopping around for insurance to see what you may qualify for.
GEICO vs. Mercury: The bottom line
Both GEICO and Mercury are solid insurance companies, but if rates are what matter most to you, GEICO may be the choice for you. However, we always recommend considering more than just rates to find the best car insurance for your needs and comparing quotes from multiple companies.
Methodology
Insurance.com commissioned car insurance rates from Quadrant Data Services for state minimum coverage and full coverage with liability limits of 100/300/100 with $500 deductibles. Base sample rates are based on a 40-year-old male driver with a clean record and good credit driving a 2023 Honda Accord LX. Rates were also fielded for multiple age groups and driver profiles compared with the base sample rate.
Company ratings were gathered from third-party sources including J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC). We also gathered data from the Insure.com annual survey of car insurance customers.
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