Chubb vs. Mercury: Which Company is the Best Fit for You?

Quick Facts

• In general, Chubb offers slightly cheaper prices than Mercury
• Chubb has less expensive premiums for drivers who have received a ticket within the last few years
• Mercury tends to be a much more affordable option for residents of rural areas

Chubb vs. Mercury: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering big discounts, but exactly how much money can you save by switching?

You might be considering Chubb or Mercury as potential options, but between the two, which one will offer you cheaper prices?

As you can see, Chubb is about $4 per month less expensive than Mercury when looking at the national average rates for insurance.

That being said, that doesn't necessarily mean Chubb will be the more affordable option for every driver. Auto insurance companies vary their rates depending on things like how old you are, where you live, how clean your driving record is, how good your credit score is, and a variety of other factors. So, at the end of the day, premiums from each company will differ quite a bit from person to person.

So, if you want to find out which of Chubb or Mercury is really the best for you, keep reading to see average rates for each carrier broken down by many different rate factors.

Chubb or Mercury: Average Car Insurance Rates by State

Chubb and Mercury only compete against each other in three states, with Mercury offering less expensive prices to the average driver in all of them. New York has the most noticable difference, where Chubb premiums are over 70% cheaper than car insurance rates at Mercury.

There's a lot more that goes into your auto insurance bill than just where you call home. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any other group of drivers. It's normally because young, inexperienced drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

However, that doesn't mean that teen drivers have to just accept sky-high auto insurance premiums. As you can see above, teens who use Chubb save more than $95 a month compared to those who use Mercury.

But with both carriers, you'll see your rates decrease significantly once you turn 25. For example, average premiums for Chubb policyholders drop nearly $350 and Mercury's prices lower around $500 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the most affordable car insurance premiums you'll ever find. After all, they've likely been driving for quite some time, which generally reduces their chances of accidents and other infractions that can increase rates.

When looking at Chubb and Mercury specifically, which company is best for retired drivers? Chubb gets the edge, with prices for drivers 65 and older almost 15% more affordable than the national average for Mercury.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive insurance premiums than married drivers. This usually boils down to married couples having more than one car on their policy -- something many auto insurance companies will reward with discounts.

When it comes to relationship status, Chubb is the winner for single drivers, with prices about $21 per month cheaper than Mercury, on average.

Chubb vs. Mercury: Average Rates by Gender

Men are statistically more likely than women to get into an accident or get pulled over for speeding, which means they'll typically end up paying more for insurance than women.

On average, women see rates around 4% a month less with Chubb, and about 5% less with Mercury when compared to their male counterparts.

When it comes to the lowest prices for each gender, Chubb comes out on top for both men and women. On average, male drivers save about $6 per month and women save around $3 with Chubb compared to the average Mercury policyholder.

Chubb or Mercury: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

For most people, car insurance isn't the easiest topic to understand. There are a variety of different coverages that account for multiple different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause a collision.

The two most common policies that many drivers look at fall into two categories -- liability only (that covers bodily injury and property damage for other drivers if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to liability).

In this case, Chubb offers the cheapest average rates for state minimum liability limits, while Mercury has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $15 with Chubb, while full coverage comes out to be about $6 less expensive with Mercury Insurance.

Is Chubb or Mercury Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

It's no secret secret that at-fault collisions and tickets lead to higher premiums, but which carrier -- Chubb or Mercury -- has the most affordable rates for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Chubb policyholders can expect their premiums to go up an average of $38 a month if they get a ticket, while Mercury usually raises prices around $57 per month, on average.

Even so, Chubb is generally the more affordable option for both drivers who have clean records and those with a recent speeding ticket, offering rates that are $14 and $33 cheaper, respectively, compared to Mercury Insurance.

Which Company is Best for Drivers After an Accident?

Chubb policyholders who get in a collision can expect to see their prices increase by just under 25%, while those who have insurance through Mercury will see about a 30% increase.

Overall, the less expensive premiums come from Chubb, with monthly rates averaging $290 compared to Mercury Insurance's $346.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even an accident. Chubb drivers usually see a 43% raise in their car insurance prices after a DUI charge, while Mercury will normally increase premiums by around 22%.

How does Credit Score Impact Chubb and Mercury Rates?

Did you know that many auto insurance carriers take into account your credit score when calculating prices? Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for a lot of drivers.

Car insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with more affordable rates.

Looking specifically at Mercury and Chubb, which company has the lowest premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Chubb or Mercury Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in how much auto insurance companies will charge for coverage. That's because the fewer miles you drive, the less likely you are to get into a collision and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Mercury charges. However, there's a small difference in monthly rates for Chubb, with drivers who put 6,000 miles on their car annually paying about $10 less every month compared to those who drive 12,000 miles yearly.

Chubb vs. Mercury: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can have a considerable impact on your monthly insurance cost. Typically, if you live in an urban area with more cars on the road, you'll pay a little more for car insurance, while the opposite is true for people in rural areas.

When comparing these two carriers side-by-side, Chubb usually comes out as the cheaper option for drivers in urban and suburban areas, while Mercury wins in rural areas.

In urban areas, Chubb's average premiums are around $41 less than Mercury Insurance. Drivers in suburban ZIP codes pay about $15 less with Chubb compared to Mercury. If you live in a rural area, you can expect to save around $43 with Mercury compared to Chubb.

Chubb vs. Mercury Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by utilizing as many auto insurance discounts as you can.

But where do you even start? With so many discounts out there, it may seem hard to find all the of the ones you're eligible for.

In the section below, we've taken a look at all of the different discounts Chubb and Mercury offer their customers so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Mercury blows Chubb away when it comes to the sheer amount of discounts available, offering 27 different discounts to Chubb's 15.

There are a couple discounts both companies offer, but Mercury also offers advance quote discounts, continuous insurance discounts, COVID-19 relief discount, and more that Chubb does not.

On the flip side, Chubb has a couple unique discounts of its own -- discounts for getting driver training, driver-vehicle combination discounts, occasional operator discounts, and more.

Final Thoughts: Is Chubb or Mercury Best for You?

So, we've broken down the average rates for many of the factors car insurance carriers look at, and walked through the different discounts each carrier offers, too. But, when it comes down to it, is Chubb or Mercury the best fit for you?

Chubb might be best for you if....

• You've received a ticket for speeding recently and don't want to see your prices climb.
• Your neighborhood is in a city.
• You are over 65 years old and want to save some money on your insurance.

Mercury might be best for you if...

• You value the experience that comes with a large national auto insurance company.
• You're looking for more protection with "full coverage" insurance.
• You have a short commute.

We hope this guide helps you get a good idea of the differences between Chubb and Mercury. We also hope we've given you the information you need to make the best decision about your car insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on auto insurance -- comparing quotes from several companies, not just Chubb and Mercury. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top car insurance carriers in your area, all in just a few minutes.

Chubb vs. Mercury FAQs

Is Chubb or Mercury cheaper?

Looking just at the national average premiums, Chubb is the more affordable of the two companies, offering average rates of $291 a month compared to $295 for Mercury. However, Chubb won't necessarily be the lowest carrier for each policyholder, since there are lots of different variables that are considered when it comes to your insurance payment.

Who is better, Chubb or Mercury?

Sadly, the only answer we can give you is "it depends.". Neither company is necessarily "better" for every driver -- it all comes down to what your unique auto insurance profile looks like. For example, Mercury offers less expensive rates for drivers with a recent DUI, while Chubb is more affordable for drivers with excellent credit.

Why do Chubb and Mercury offer me different rates?

Car insurance carriers take a look at several different factors when determining the premiums they charge policyholders. Variables like gender, your driving record, where you call home, age, and sometimes even things like your credit score can all come into play. Both Chubb and Mercury calculate prices using different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from a range of different companies.

How do I know if Chubb or Mercury is right for me?

The only way to find the insurance company that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the best premium. And who knows, the best carrier for you might not be Chubb or Mercury at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.