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State Farm and Mercury are two of the popular insurance companies in the U.S. Both the insurers have a lot to offer, making it difficult for you to choose between them. However, State Farm offers the lowest insurance rates compared to Mercury.

To make insurance shopping easy for you we have gathered quotes from both the insurance companies as well as analyzed the carriers based on several rating factors. Find the right insurance policy for you today.

Key takeaways

  • The state minimum coverage for Mercury is $792 per year, and State Farm offers state minimum coverage at $435 annually.
  • The average full coverage cost for Mercury is $2,472 per year and $1,482 per year for State Farm.
  • For customer service, State Farm earned 4 out of 5 stars and Mercury earned 3 out of 5 stars.
  • Multi-vehicle, multi-policy, and safe driver are a few discounts Mercury and State Farm offer.

State Farm vs Mercury: Which one is the cheapest?

If price is what’s most important, State Farm is likely going to be the better choice. State Farm usually offers lower rates than Mercury. State Farm offers full coverage insurance for an average of $1,482 per year and Mercury provides full coverage for $2,472 annually.

The cost of state minimum coverage from State Farm is $435 per year and Mercury offers state minimum coverage for $792 annually. However, it’s still a good idea to get quotes from both companies though to see what’s better for your specific situation.

CompanyAverage annual rate for full coverageAverage annual rate for state minimum coverage
State Farm$1,482$435

State Farm vs Mercury: Rates by age group

State Farm has the cheapest insurance rates for most age groups. Insurance companies have different rates depending on your age. They use it as an indicator to determine how much risk a drive poses and then price policies accordingly.

Car insurance rates are higher for teenagers as they are considered high risk by insurers. Teens should consider buying insurance from State Farm, as its rates are lower than Mercury. State Farm offers insurance for teenagers at an average of $3,624 per year, whereas Mercury provides insurance to teen drivers for $8,109 annually.

Age (group)State FarmMercury
Young adults$2,066$3,512

State Farm vs Mercury: Rates for high-risk drivers

In our study we found that State Farm is an affordable insurer for most drivers than Mercury. State Farm is the cheapest for drivers with a DUI/DWI first offense. Its average annual rate is $1,922 and Mercury's rates after a DUI/DWI offense is $3,155 per year.

When it comes to finding affordable rates for high-risk drivers, State Farm and Mercury are two of the best options out there. Although both companies are viable options for high-risk drivers, one may be a better fit for your specific needs. By examining the rates mentioned in the table below, you can make an informed decision about which insurer offers the best rates for your specific situation.

Profile Value (group)State FarmMercury
1 At-fault property damage accident over $2K$1,676$3,944
1 At-fault property damage accident under $2K$1,657$3,820
At-fault bodily injury accident$1,708$3,907
Careless driving$1,597$3,359
DUI/DWI first offense$1,922$3,155
Reckless driving$1,798$3,587

State Farm vs Mercury: Customer service and tech friendly

For customer service, State Farm earned 4 stars out of 5, while Mercury earned 3 stars.

Which insurance company provides a better online experience? Both State Farm and Mercury offer online quotes comparison. Apart from that, they have easy to use mobile apps that allow you to pay bills, view your profile and file insurance claims.

State Farm vs Mercury: Which has better coverage options?

Every state has different requirements for car insurance, this is because the laws surrounding driving vary from place to place. However, each insurer offers standard coverage such as liability, comprehensive and collision coverage to make sure you're protected if anything goes wrong.

Both State Farm and Mercury have a wide range of coverage options. Below table shows the different coverages offered by State Farm and Mercury:

State Farm vs Mercury: Which offers better discounts?

Insurance companies offer a variety of discounts to help you save money on your car insurance. While they may not seem like much, these dollar amounts add up to trim your insurance costs. Check out what discount options State Farm and Mercury offer to policyholders, and which carrier fits your needs.

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