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

Quick Facts

• In general, Secura offers significantly more affordable premiums than Mercury
• Mercury may help you save more money -- they offer more discounts than SECURA Insurance
• Secura has cheaper prices for policyholders who haven't received any speeding tickets or been in a collision in the last few years

Mercury or Secura: 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 huge savings, but exactly how much money can you save by switching?

You might have narrowed it down to Mercury or Secura for your next policy, but between the two, which carrier has more affordable rates for auto insurance?

As you can see, Secura has average rates that are around 50% a month cheaper than those from Mercury when looking at the national average rates for car insurance.

However, that doesn't mean Secura will necessarily be less expensive than Mercury for every driver. Auto insurance carriers use a ton of complex algorithms to determine premiums, so depending on how good your credit score is or where you live (among a whole bunch of other factors), you could see wildly different prices from the ones above.

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

Mercury vs. Secura: Average Car Insurance Rates by State

Mercury and Secura only compete against each other in one states, with Mercury offering cheaper rates to the average driver in all of them. Illinois has the most noticable difference, where Mercury prices are $16 less expensive than car insurance premiums at Secura.

But there's more to calculating insurance rates than just your home state. Read on to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for car insurance than any other group of drivers. It's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of over 55% less per month by choosing Secura over Mercury. It's worth noting that Mercury offers insurance in 11 different states compared to Secura's three, which can skew the average premiums a bit, but the difference here is still considerable.

That being said, with both companies, you'll see your rates decrease significantly once you turn 25. For example, average prices for Mercury policyholders drop about $500 and Secura's rates lower almost $200 over that time.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest prices out there.

So, which carrier offers the best premiums to retired drivers? Secura gets the edge here, with average rates coming in at around $111 a month compared to Mercury's $219.

Which is the Best Company for Married Drivers?

Did you know that car insurance prices are typically more affordable for married drivers than they are for single drivers? This usually boils down to married policyholders having multiple vehicles on their policy -- something a lot of auto insurance carriers will reward with discounts.

For single policyholders, the difference in average premiums between these two companies is significant, with Secura rates coming in at about half of Mercury's. The advantage for married couples with Secura is also obvious, where drivers save nearly 45% a month.

Mercury or Secura: Average Rates by Gender

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

With Mercury, men usually pay around 5% more per month than women., but with Secura, the difference is closer to 2% a month.

Looking at the data for each company specifically, Secura comes out on top for both men and women. On average, male drivers save about $155 per month and women save about $144 with Secura compared to the average Mercury policyholder.

Mercury vs. Secura: 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 can be pretty complicated. There are lots of different coverages that account for many different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause an accident.

Even so, most policies that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, alongside what you get with a liability policy).

Looking specifically at state minimum liability insurance, Secura has the significant edge, with average monthly premiums coming in at $69. If you want a full coverage policy with the same state minimum limits, Secura again has the edge, with policies averaging around $222 a month to Mercury's $406.

Is Mercury or Secura Better for Drivers with Spotty Records?

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

You'll probably end up paying more with collisions and speeding tickets on your record, but which of these two carriers offers the lowest prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Mercury for their insurance can normally expect their monthly bill to go up about 19% after getting a speeding ticket. Secura policyholders can expect a bit more drastic of an increase of around 29%.

But Secura is typically the cheaper option for drivers both with a ticket and with a clean record -- their rates are around 63% more affordable for drivers with clean records and 59% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Mercury drivers who get in an accident can expect to see their rates increase by over $100, while those who have insurance through Secura will see about a $40 increase.

At the end of the day, the cheaper prices come from Secura, with average premiums coming in at $129 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 speeding ticket when it comes to your auto insurance bill. Secura drivers usually see a 64% climb in their car insurance prices after a DUI charge, while Mercury will generally raise premiums by around 22%.

Secura has the overall most affordable rates for drivers with a DUI on their records at $244 per month, but it's worth noting that Mercury's average rates come from 11 states compared to just three for Secura, so the data may be skewed slightly.

How does Credit Score Impact Mercury and Secura Rates?

Did you know many insurance companies take into account your credit score when determining premiums? Certain states and carriers do not allow for credit score to be used as a car insurance factor, but it does affect quite a few policyholders out there.

The reasoning auto insurance companies use is that drivers with bad credit will be less likely to pay their bills on time; so usually, they'll be asked to pay more, while those with good credit will be rewarded with more affordable rates.

So, which carrier offers the cheapest prices for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Secura will typically reward you the most. For drivers with "excellent" credit scores, Secura comes in more than 45.29 less expensive. Drivers with "good" credit scores normally save about 50% with Secura compared to average rates from Mercury.

Which Company is Best for Drivers with Bad Credit?

Secura typically offers lower prices than Mercury when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around 51% per month less with Secura compared to Mercury, and those with "poor" scores usually save an average of about 56% monthly.

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

How much you drive can have a sizable impact on your monthly car insurance bill. Generally, those who drive less will end up with more affordable premiums since there's less of a chance of causing a collision and filing 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 Secura, with drivers who put 6,000 miles on their vehicle annually paying around $5 less every month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Secura is the cheaper company.

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

Where you live can have a considerable impact on your monthly insurance cost. Typically, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers due to the small number of cars that are on the roads where they live.

When comparing these two carriers side-by-side, Secura generally comes out as the lowest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to pay about $139 per month with Secura and $209 with Mercury. People in suburban areas pay around $137 with Secura compared to Mercury's $275 monthly. In urban areas, Secura's average prices are about $161 while Mercury offers rates around $401.

Mercury vs. Secura Discounts

No matter why you might be in the market for a new auto 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 utilizing as many car insurance discounts as possible.

But with what seems like a million different discounts out there, it can be challenging to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

Luckily, we did the hard work for you and looked at all of the different discounts Mercury and Secura offer their customers so that you can see which company can save you the most money each month.

Mercury knocks Secura out of the park when it comes to the sheer number of discounts available, offering eight more discounts than Secura.

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

On the other hand, Secura has a few proprietary discounts of their own for things like hybrid vehicle discounts, low income discounts, new vehicle discounts, and more.

Final Thoughts: Is Mercury or Secura Best for You?

So, we've broken down the average premiums for many of the variables insurance carriers look at, and we've shown you all the discounts each carrier offers. That's all well and good, but at the end of the day, which company is the right one for you and your specific driver profile?

Secura might be best for you if....

• You will be the only person on the car insurance policy.
• You already have a great credit score.
• You don't spend much time in your car.

Mercury might be best for you if...

• You are considering moving to another state -- SECURA Insurance is only available in three states.
• You care about discounts (Mercury offers the most).

Hopefully, this guide helps you get a better idea of the difference between Mercury and Secura and that it aids in making a more informed decision about your 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 several companies, not just Mercury and Secura. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP code below and get free quotes from dozens of the top car insurance carriers in your area, all in just a few minutes.

Mercury vs. Secura FAQs

Is Mercury or Secura cheaper?

Secura is the less expensive of the two companies when looking at national average prices, with policies averaging $146 a month with Secura and $295 for Mercury. That being said, that doesn't mean Secura will be the most affordable carrier for everyone, since there are a variety of different factors that come into play when it comes to your insurance payment.

Who is better, Mercury or Secura?

Unfortunately, the answer truly is "it depends.". No one company is necessarily "better" for each policyholder -- it all depends on what your unique auto insurance profile looks like.

Why do Mercury and Secura offer me different rates?

Car insurance carriers use lots of different variables when calculating the premiums they charge. Things such as your driving record, gender, age, where you call home, and sometimes even things like your credit score can all come into play. Both Mercury and Secura calculate rates differently, 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 several different companies.

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

The only way to find the auto 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 ZIP code and you'll get quotes from dozens of your local top insurance companies for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best carrier for you isn't Mercury or Secura 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.