Georgia Farm Bureau vs. Mercury: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for auto insurance, Georgia Farm Bureau offers significantly cheaper premiums than Mercury
• Georgia Farm Bureau has more affordable rates for policyholders who are looking to purchase insurance with a spouse
• Mercury may help you save more money -- they offer more discounts than Georgia Farm Bureau Insurance

Georgia Farm Bureau or Mercury: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. With so many ads from all sorts of companies offering hefty savings, you're probably wondering exactly how much you might be able to save.

You might be considering Georgia Farm Bureau or Mercury for your next policy, but which carrier will save you the most?

Looking at the national average rates for both carriers, Mercury is quite a bit more expensive than Georgia Farm Bureau, with premiums averaging $295 a month compared to just $144 with Georgia Farm Bureau.

Even so, that doesn't necessarily mean Georgia Farm Bureau will be the less expensive option for every single driver. After all, car insurance companies can offer drastically different rates to every driver depending on rating factors like your credit score, your age, where you call home, or even your driving record (among other things). So, at the end of the day, prices from each carrier will differ quite a bit from person to person.

Wanting to know if Georgia Farm Bureau or Mercury is really the right company for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

Georgia Farm Bureau vs. Mercury: Average Car Insurance Rates by State

Georgia Farm Bureau and Mercury only compete against each other in Georgia, where Georgia Farm Bureau offers the cheaper average prices. Undefined drivers tend to pay about undefined per month less on average compared to drivers who use undefined for their insurance.

But there's more to auto insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how car insurance carriers determine your rates. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance premiums of any other group of drivers out there on the road. It's normally because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

However, that doesn't mean that teen drivers have to just accept sky-high car insurance prices. Just look at the table above -- where 18-year-old drivers who have Georgia Farm Bureau for their auto insurance pay over 65% less than those who use Mercury.

But both companies will offer you dramatically lower premiums by the time drivers turn 25. Mercury offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Georgia Farm Bureau still has the cheapest rates at $134 monthly.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the lowest car insurance prices out there. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for auto insurance.

But who has the best rates for retired drivers between Georgia Farm Bureau and Mercury? Georgia Farm Bureau gets the edge, with prices for drivers 65 and older more than 45% more affordable than the national average for Mercury.

Which is the Best Company for Married Drivers?

Married couples tend to get slightly cheaper insurance premiums than single policyholders. That's because policies for married policyholders generally cover multiple vehicles, which quite a few carriers will give you a discount for.

For single drivers, the difference in average rates between these two companies is significant, with Georgia Farm Bureau prices coming in at around half of Mercury's. The advantage is also clear for married drivers - Georgia Farm Bureau offers the most affordable average rates.

Georgia Farm Bureau or Mercury: Average Rates by Gender

Men are statistically more likely than women to get speeding tickets and get into accidents, which means they'll usually end up paying more for car insurance than women.

On average, women see premiums about $2 a month more affordable with Georgia Farm Bureau, but with Mercury, the difference is closer to $14 per month.

Looking at overall affordability, Georgia Farm Bureau offers the lowest average rates for both men and women. On average, women save about $145 a month and men save around $157 with Georgia Farm Bureau compared to the average Mercury policyholder.

Georgia Farm Bureau vs. 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.

Auto insurance can be a complicated subject for most people. There are many different coverages that account for several different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

That being said, most policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers and passengers if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability coverage).

Looking specifically at state minimum limits for liability insurance, Georgia Farm Bureau has the significant edge, with average monthly premiums coming in at $91. If you want a full coverage policy with the same state minimum limits, Georgia Farm Bureau again has the edge, with policies averaging about $197 per month to Mercury's $406.

Is Georgia Farm Bureau or Mercury Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their insurance. But that's not to say you can't save money if you don't have the best driving record, either.

Speeding tickets and at-fault collisions will most likely raise your prices, but is Georgia Farm Bureau or Mercury less expensive for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Georgia Farm Bureau car insurance policies don't report seeing their rates increase after getting a ticket, but Mercury policyholders can expect to see their monthly bill increase by around 20%.

But Georgia Farm Bureau is generally the cheaper option for drivers both with clean records and with a speeding ticket, offering premiums that are 52% and 61% less expensive, respectively, compared to Mercury Insurance.

Which Company is Best for Drivers After an Accident?

Georgia Farm Bureau drivers who get in a collision can expect to see their prices climb by just under 15%, while those who have insurance through Mercury will see about a 30% increase.

At the end of the day, drivers who use Georgia Farm Bureau end up with the cheaper prices after an accident, with average rates coming in at $133 compared to Mercury Insurance's $346.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your auto insurance bill. On average, Georgia Farm Bureau will climb your premiums around 47% after a DUI, while Mercury's average prices rise by more than 20%.

How does Credit Score Impact Georgia Farm Bureau and Mercury Rates?

In many cases, your credit score can come into play when carriers calculate your monthly bill. This isn't true for everyone (Michigan, for example, has banned the use of credit score as a car insurance factor) but it will come into play for many policyholders.

Insurance companies 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, drivers with good credit will often be rewarded with cheaper premiums.

Looking at Georgia Farm Bureau and Mercury specifically, which one has the best prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Georgia Farm Bureau 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 your monthly rates. Normally, the more milage you put on your car each year, the more you can expect to pay for coverage.

In this case, neither Georgia Farm Bureau or Mercury report increasing prices for drivers with higher annual mileage figures. Even so, Georgia Farm Bureau comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle annually, with average rates of $144 a month for both.

Georgia Farm Bureau or Mercury: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for auto insurance, but the type of area you live in can have a considerable impact as well. Typically, those who live in rural areas will pay less than drivers in urban areas since there are a lot fewer cars on the roads where they live.

Georgia Farm Bureau tends to offer the most affordable premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Georgia Farm Bureau's average rates are about $150 while Mercury offers premiums around $401. People in suburban areas pay a monthly price of about $146 with Georgia Farm Bureau compared to $275 with Mercury. If you live in a rural area, you can expect to pay around $136 a month with Georgia Farm Bureau compared to Mercury's $209.

Georgia Farm Bureau vs. Mercury Discounts

No matter why you might be in the market for a new insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by taking advantage of as many car insurance discounts as possible.

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

Luckily, we did the hard work for you and compared all of the different discounts offered by Georgia Farm Bureau and Mercury so that you can see which company can save you the most money each month.

Mercury blows Georgia Farm Bureau away when it comes to the sheer amount of discounts available, offering 16 more discounts than Georgia Farm Bureau.

There are a couple discounts both carriers offer, but Mercury also offers discounts for advance quote, continuous insurance, COVID-19 relief, and more.

On the other hand, Georgia Farm Bureau has a few proprietary discounts of their own like driver training discounts and paperless discounts.

Final Thoughts: Is Georgia Farm Bureau or Mercury Best for You?

You've seen the effect certain factors have on your insurance and the different discounts companies offer. But, when it comes down to it, which insurance company is the best fit for you?

Georgia Farm Bureau might be best for you if....

• You have a clean driving record, free of accidents, tickets, or DUIs.
• You've started working from home and don't have much of a commute.

Mercury might be best for you if...

• You're planning on moving to another state soon -- undefined only offers policies to residents.
• You want to save extra money with discounts.

Hopefully, this guide has ben a valuable resource as you compare Georgia Farm Bureau and Mercury and that it aids in making a more informed decision about your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from a handful of carriers, not just Georgia Farm Bureau and Mercury. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple free quotes from some of the best insurance companies in your area, all in just a few minutes.

Georgia Farm Bureau vs. Mercury FAQs

Is Georgia Farm Bureau or Mercury cheaper?

Georgia Farm Bureau is the more affordable of the two carriers when looking at national average prices, with policies averaging $144 per month with Georgia Farm Bureau and $295 for Mercury. Even so, that doesn't mean Georgia Farm Bureau will be the cheapest carrier for every driver, since there are lots of different variables that come into play when it comes to your auto insurance cost.

Who is better, Georgia Farm Bureau or Mercury?

Unfortunately, the real answer is "it depends.". One company is not necessarily "better" for each policyholder -- it all depends on the makeup of your unique car insurance profile.

Why do Georgia Farm Bureau and Mercury offer me different rates?

Auto insurance companies use a lot of different factors when determining the rates they charge. Variables such as your driving record, gender, age, where you park your vehicle, and sometimes even things like your credit score can all be used. Both Georgia Farm Bureau and Mercury calculate prices differently, so it's likely they'll offer different rates. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from a variety of different carriers.

How do I know if Georgia Farm Bureau or Mercury is right for me?

The only way to find the insurance company that's right for you is by getting quotes from multiple companies 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 quotes from dozens of your local top car insurance carriers for free. That way, you can guarantee you're getting the cheapest rate. And maybe you'll find that the best carrier for you isn't Georgia Farm Bureau or Mercury at all, but another you hadn't even thought of!

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.