Which is better for car insurance: Mercury Insurance or Progressive?
On average, Progressive's annual car insurance rates are about 11% lower than Mercury's across the United States.
However, for drivers with a history of speeding tickets, Mercury may offer slightly lower rates compared to Progressive, making it the better choice in such cases.
Progressive is typically the more affordable option for drivers under 25 years old, with an average annual premium about 15% lower than Mercury for this age group.
In terms of customer satisfaction, Progressive scores higher than Mercury, earning a 3.9 out of 5 rating from WalletHub compared to Mercury's 3.7.
Mercury may provide better rates for female drivers, with an average monthly savings of around $5 compared to Progressive.
Progressive's usage-based insurance program, Snapshot, can help safe drivers save up to 30% on their premiums, a feature not offered by Mercury.
Mercury is known to have more flexible coverage options, allowing policyholders to customize their plans to their specific needs, which may be appealing to some consumers.
Drivers with a history of DUI/DWI offenses can expect to pay significantly less with Progressive, with an average annual rate of $2,810 compared to Mercury's $3,158.
Mercury's accident forgiveness program, which prevents the first at-fault accident from increasing a policyholder's rates, is not available through Progressive.
Progressive's mobile app and online tools are generally rated higher by customers than Mercury's, making it more user-friendly for tech-savvy consumers.
Mercury is known to offer better rates for older drivers (ages 65-80) compared to the national average, while Progressive's rates for this age group are more in line with the industry standard.
Both insurers provide a wide range of discounts, but Progressive's discounts tend to be more generous, particularly for good drivers, students, and those who bundle their policies.
Mercury's financial strength is slightly lower than Progressive's, with an A+ rating from A.M.
Best compared to Progressive's A++ rating, indicating a stronger ability to pay out claims.
While Progressive is available nationwide, Mercury's coverage is primarily concentrated in a few key states, such as California, Florida, and Texas, which may be a consideration for some consumers.
Progressive's telematics-based insurance program, Snapshot, has been shown to incentivize safer driving behaviors, leading to lower accident rates and claims for participating policyholders.
Mercury's customer service has been praised for its responsiveness and personalized approach, particularly for those who prefer to work with a local agent, whereas Progressive's customer service is more centralized.
Both insurers offer various coverage options, such as liability, collision, and comprehensive, but Progressive's menu of add-ons, like rideshare coverage and gap insurance, is more comprehensive.
Mercury's premiums may be slightly higher for drivers with a history of at-fault accidents, as the company places a greater emphasis on this factor in its pricing model compared to Progressive.
Progressive's usage-based insurance program, Snapshot, can provide more accurate and personalized rates based on actual driving behavior, rather than relying solely on demographic factors.