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

Quick Facts

• Looking at the national averages for car insurance, Nevada Capital offers significantly less expensive rates than Mercury
• Mercury may help you save more money -- they offer more discounts than Nevada Capital Insurance Company
• Nevada Capital has cheaper premiums in NV

Mercury or Nevada Capital: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering large savings. But exactly how much can you save by switching?

You've maybe even narrowed your search down to Mercury or Nevada Capital as your top options, but between the two, which company will offer you more affordable rates?

As you can see, Mercury has average rates that are around 60% a month more expensive than those from Nevada Capital when looking at the national average rates for insurance.

Even so, that doesn't necessarily mean Nevada Capital will be the cheaper option for every single driver. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like your age, where you call home, your credit score, or even your driving record (among other things), so prices could differ drastically from person to person.

Wanting to know if Mercury or Nevada Capital is really the right carrier for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

Mercury vs. Nevada Capital: Average Car Insurance Rates by State

Mercury and Nevada Capital only compete against each other in Nevada, where Nevada Capital offers the cheaper average prices. Nevada Capital drivers tend to pay about $115 per month less on average compared to drivers who use Mercury for their car insurance.

But there's more to calculating auto insurance rates than just where you live. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for insurance compared to older drivers. It's usually because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. As you can see above, teens who use Nevada Capital save over 60% a month compared to those who use Mercury. It's worth noting that Mercury offers car insurance in 11 different states compared to Nevada Capital's one, which can skew the average rates a bit, but the difference here is still considerable.

That being said, both companies will offer you dramatically lower prices by the time drivers turn 25. For example, average premiums for Mercury policyholders drop almost 70% and Nevada Capital's prices lower nearly 55% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the most affordable insurance premiums you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for car insurance.

But who has the best prices for retired drivers between Mercury and Nevada Capital? Nevada Capital gets the edge here, with average premiums coming in at about $85 per month compared to Mercury's $219.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive auto insurance rates than married couples. That's because policies for married policyholders typically cover more than one vehicle, which a lot of carriers will give you a discount for.

For single policyholders, the difference in average premiums between these two companies is significant, with Nevada Capital prices coming in at around a third of Mercury's. For married drivers, the advantage is clear again - Nevada Capital has the edge when it comes to average rates.

Mercury or Nevada Capital: Average Rates by Gender

Because women are less likely to get into accidents and get tickets, they are less likely to file a claim with insurance. So, insurance carriers will tend to charge women less than men.

Generally, men see prices about 5% per month higher with Mercury, and around 2% with Nevada Capital.

Looking at overall affordability, Nevada Capital comes out as the cheapest option for both genders. On average, women save about $164 a month and men save about $176 with Nevada Capital compared to the average Mercury policyholder.

Mercury vs. Nevada Capital: 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.

Car insurance can be a complicated subject for most people. There are so many different coverages and terms that it can make it pretty confusing to find the right policy for you.

However, most policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and their passengers if you cause a collision) and full coverage (which generally refers to having collision and comprehensive coverages alongside liability coverage).

Looking specifically at state minimum liability limits, Nevada Capital has the significant edge, with average monthly rates coming in at $75. If you want a full coverage policy with the same state minimum limits, Nevada Capital again has the edge, with policies averaging around $174 per month to Mercury's $406.

Is Mercury or Nevada Capital Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance companies offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

Collisions and speeding tickets will most likely raise your rates, but is Mercury or Nevada Capital less expensive for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Mercury for their insurance can usually expect their monthly bill to go up about 19% after getting a speeding ticket. Nevada Capital policyholders can expect a bit more drastic of an increase of around 23%.

But Nevada Capital is normally the more affordable option for both drivers who have a recent ticket and those with clean records. With Nevada Capital Insurance Company, drivers with a clean record can save about $148 a month and drivers with a speeding ticket can save around $178 per month.

Which Company is Best for Drivers After an Accident?

Both carriers will raise premiums pretty significantly if you get into an at-fault collision with Mercury climbing by about 32%. Nevada Capital has a less extreme raise, but you can still expect to pay nearly 30% more than you were prior to your first accident.

At the end of the day, Nevada Capital offers the most affordable prices for drivers with an at-fault collision on their records, with average premiums coming in at $126 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. On average, Nevada Capital will climb your prices around 47% after a DUI, while Mercury's average rates climb by more than 20%.

Nevada Capital has the overall cheapest prices for drivers with a DUI on their records at $168 monthly, but it's worth noting that Mercury's average rates come from 11 states compared to just one for Nevada Capital, so the data may be skewed slightly.

How does Credit Score Impact Mercury and Nevada Capital Rates?

Often times, your credit score can be used as one of the variables to determine your monthly auto insurance rates. This isn't true for everyone (Hawaii, for example, has banned the use of credit score as an insurance factor) but it will come into play for many drivers.

The reasoning insurance companies use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper premiums, while those with poor credit will typically be forced to pay more.

So, which company offers the best prices for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Nevada Capital will generally reward you the most. For policyholders with "excellent" credit scores, Nevada Capital comes in over 55.16 less expensive. Drivers with "good" credit scores normally save about 57% with Nevada Capital compared to average rates from Mercury.

Which Company is Best for Drivers with Bad Credit?

Nevada Capital typically offers lower premiums than Mercury when it comes to drivers with bad credit. Drivers with "fair" credit pay around 58% a month less with Nevada Capital compared to Mercury, and those with "poor" scores usually save an average of about 62% a month.

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

Did you know that the amount of time you spend in your car have a large impact on your monthly rates? Typically, the more milage you drive, the more you can expect to pay for coverage.

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 pretty significant difference in monthly prices for Nevada Capital, with policyholders who drive the least paying around $15 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, Nevada Capital is the more affordable carrier.

Mercury or Nevada Capital: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a considerable role in how much you pay for car insurance. Usually, if you live in a rural area with fewer cars on the road, you'll pay a little less for insurance, while the opposite is true for people in urban areas.

Nevada Capital tends to offer the most affordable rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save about 57% with Nevada Capital compared to Mercury. People who live in suburban areas pay around 59% less with Nevada Capital compared to Mercury. For drivers in urban ZIP codes, Nevada Capital Insurance Company's average premiums are about 57% less than Mercury Insurance.

Mercury vs. Nevada Capital Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can. That's where auto insurance discounts comes into play.

But where do you even start? With what seems like a million different discounts out there, it may be challenging to find all the ones you can take advantage of.

Luckily, we did the hard work for you and looked at all of the different discounts Mercury and Nevada Capital offer their customers so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Mercury knocks Nevada Capital out of the park when it comes to the sheer number of discounts available, offering 27 different discounts to Nevada Capital's 15.

A couple of those are overlapping for things like advance quote discounts, discounts for being a defensive driver, employee discounts, and discounts for being a good student. Mercury also offers discounts for continuous insurance, COVID-19 relief, distant student, and more.

On the other hand, Nevada Capital has a few proprietary discounts of their own like new vehicle discounts and renewal discounts.

Final Thoughts: Is Mercury or Nevada Capital Best for You?

You've seen the effect certain factors have on your insurance and the different discounts carriers offer. But, at the end of the day, which insurance carrier is the best one for you, your vehicle, and your wallet?

Nevada Capital might be best for you if....

• You live in one of the following states: Nevada.
• Your credit score is high.
• You want to save money while purchasing car insurance for a teenager.

Mercury might be best for you if...

• You value the experience that comes with a large national auto insurance company.
• You're looking for discounts -- Mercury has the most.

Hopefully, this guide has ben a valuable resource as you compare Mercury and Nevada Capital and that it aids in making a more informed 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 insurance -- comparing quotes from multiple companies, not just Mercury and Nevada Capital. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best auto insurance carriers in your area, all for free.

Mercury vs. Nevada Capital FAQs

Is Mercury or Nevada Capital cheaper?

Nevada Capital is the cheaper of the two companies when looking at national average rates, with policies averaging $125 per month with Nevada Capital and $295 for Mercury. Even so, that doesn't mean Nevada Capital will be the cheapest carrier for everyone, since there are several different variables that come into play when it comes to your insurance cost.

Who is better, Mercury or Nevada Capital?

Unfortunately, the answer truly is "it depends.". No single company is "better" for each policyholder -- it all comes down to what your unique car insurance profile looks like.

Why do Mercury and Nevada Capital offer me different rates?

Auto insurance carriers use several different factors when determining the prices they charge. Things like gender, your driving record, age, where your home is, and sometimes even things like your credit score can all come into play. Both Mercury and Nevada Capital calculate premiums using different formulas, so it's likely they'll offer different prices. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from multiple different companies.

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

The only way to find the car 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, sites like Compare.com make it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best carrier for you isn't Mercury or Nevada Capital 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.