Mercury vs. Erie: Which one is the cheapest?
Erie costs an average of $346, while Erie 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, Erie costs an average of $1,480 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 |
|---|---|---|---|
| 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 are different in every state. Companies use information from your ZIP code, like weather, crime and traffic patterns, to calculate the risk. The table below shows where Mercury and Erie offer the lowest rates. Don't forget to compare quotes from different companies, since 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 a big draw for customers and can offer significant savings on your annual premiums. Below are some of the discounts Mercury and Erie offer 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 be sure to ask about available discounts when you're shopping around for insurance to see what you may 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
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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