Mercury vs. Erie: Which one is the cheapest?
Erie costs an average of $346 per year for state minimum coverage, while Mercury costs $607 annually.
For full coverage with 100/300/100 liability and $500 deductibles for comprehensive and collision, Erie averages $1,480 per year. Mercury costs more, averaging $2,314 a year.
Always compare quotes because prices and required coverage vary by state and your 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 |
|---|---|---|---|
| Mercury | $2,314 | $607 | $975 |
| Erie | $1,480 | $346 | $415 |
Mercury vs. Erie: Rates by age group
For teens—one of the most expensive age groups to insure–Erie offers the lowest rates at $3,737 per year. Mercury is more expensive, with an average cost of $7,475 for a teen driver.
Age is a major factor in calculating insurance rates. Companies look at speeding and accident trends as well as distracted driving statistics. Teen drivers are one of the riskiest – and therefore most expensive – age groups to insure. Rates drop as you get older.
For example, adults pay an average of $1,494 at Erie, while at Mercury the average rate for an adult is $2,369.
| Age group | Mercury | Erie |
|---|---|---|
| Teens | $7,475 | $3,737 |
| Young adults | $3,989 | $2,369 |
| Adults | $2,369 | $1,494 |
| Seniors | $2,344 | $1,541 |
Mercury vs. Erie: Rates for high-risk drivers
Erie 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, Erie is more affordable, with average rates of $2,869.
Check the table below to see how Mercury rates compare to Erie rates.
| Type of violation | Mercury | Erie |
|---|---|---|
| 1 At-fault property damage accident over $2K | $4,292 | $2,046 |
| 1 At-fault property damage accident under $2K | $4,280 | $1,970 |
| At-fault bodily injury accident | $4,176 | $2,079 |
| Careless driving | $3,558 | $1,728 |
| DUI | $3,463 | $2,869 |
| Reckless driving | $3,938 | $1,908 |
| Speeding | $3,240 | $1,750 |
Mercury vs. Erie: Rates in your state
Insurance rates vary by state. Companies use your ZIP code's weather, crime, and traffic data to assess risk. The table below shows where Mercury and Erie have the lowest rates. Always compare quotes, as your price also depends on your location, driving history, and personal details.
| State | Mercury | Erie |
|---|---|---|
| California | $2,031 | N/A |
| Florida | $3,358 | N/A |
| Georgia | $2,219 | N/A |
| Illinois | N/A | $1,489 |
| Maryland | N/A | $1,685 |
| Nevada | $2,156 | N/A |
| New York | N/A | $1,814 |
| North Carolina | N/A | $1,082 |
| Ohio | N/A | $1,132 |
| Oklahoma | $2,237 | N/A |
| Pennsylvania | N/A | $1,550 |
| Tennessee | N/A | $1,598 |
| Virginia | N/A | $1,288 |
| Washington, D.C. | N/A | $1,581 |
| West Virginia | N/A | $1,709 |
| Wisconsin | N/A | $1,313 |
Mercury vs. Erie: Which offers better discounts?
Discounts are important to insurance customers and can help you save a lot on your yearly insurance costs. Below are some of the discounts Mercury and Erie give to their customers.
| Discounts | Mercury | Erie |
|---|---|---|
| Lower annual mileage | 9% | 7% |
| Payment type | 13% | 9% |
| Loyalty | 8% | 7% |
| Multi policy | 10% | 8% |
| Days advanced purchase | 5% | 8% |
| Daily commute | N/A | 7% |
| Homeowner | 7% | N/A |
| Marital status | 12% | 6% |
| Profession | 6% | N/A |
| Electronic funds transfer | 5% | N/A |
| Electronic signature | 3% | N/A |
| Safety devices | 1% | 2% |
| Paperless/electornic documents | 2% | N/A |
| Air bags | N/A | 1% |
| Anti-theft device | 1% | 1% |
Always remember to ask about discounts when comparing insurance options to find out what you might qualify for.
Mercury vs. Erie: The bottom line
Both Mercury and Erie are solid insurance companies, but if rates are what matter most to you, Erie 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
National and state average rates are based on three coverage levels: state minimum, 50/100/50 liability-only, and full coverage with 100/300/100 liability and $500 deductibles.
Unless otherwise indicated, averages are based on our full coverage data set. This data set is based on:
- Bodily injury liability of $100,000 per person and $300,000 per incident
- Property damage liability of $100,000 per incident
- Comprehensive and collision deductibles of $500
- 40-year-old driver
- Honda Accord LX
- Good credit
- A clean driving record
- 12-mile commute, 10,000 annual mileage
Additional rate data is drawn based on:
- Ages ranging from 16 to 75
- Excellent, fair and poor credit
- All available traffic violations
- One or more at-fault accidents
- All available year, make and model data
Rates were fielded by Quadrant Information Services, with more than 220 companies and 34,588 ZIP codes surveyed.
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