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

Quick Facts

• In general, Texas Farm Bureau offers significantly more affordable premiums than Mercury
• Mercury may help you save more money -- they offer more discounts than Texas Farm Bureau Insurance
• Texas Farm Bureau offers more affordable prices for drivers with a DUI

Mercury or Texas Farm Bureau: 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 big savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed it down to Mercury or Texas Farm Bureau for your next policy, but between the two, which company has less expensive premiums for car insurance?

As you can see, Mercury is quite a bit more expensive than Texas Farm Bureau, with rates averaging $295 a month compared to just $139 with Texas Farm Bureau when looking at the national average rates for auto insurance.

That being said, that doesn't mean Texas Farm Bureau will necessarily be cheaper than Mercury for each driver. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like your driving record, where you call home, your credit score, or even your age (among other things), so prices could vary drastically from person to person.

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

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

Mercury and Texas Farm Bureau only compete against each other in Texas, where Texas Farm Bureau offers the cheaper average premiums. Texas Farm Bureau drivers tend to pay about $47 per month less on average compared to drivers who use Mercury for their auto insurance.

There are plenty of other factors that go into your insurance bill than just where you live. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for auto insurance than any group on the road. It's generally because teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Texas Farm Bureau for their car insurance pay almost 65% less than those who use Mercury. It's worth noting that Mercury offers insurance in 11 different states compared to Texas Farm Bureau's one, which can skew the average rates a bit, but the difference here is still considerable.

However, both companies will offer you dramatically lower premiums by the time you turn 25. For example, average prices for Mercury policyholders decrease around $500 and Texas Farm Bureau's premiums drop nearly $90 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the most affordable car insurance prices you'll ever see. After all, they've likely been driving for quite some time, which usually decreases their chances of collisions and other infractions that can raise rates.

But who has the best prices for retired drivers between Mercury and Texas Farm Bureau? Texas Farm Bureau gets the edge here, with average rates coming in at about $102 a month compared to Mercury's $219.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly less expensive insurance premiums than single drivers. This usually boils down to married couples having more than one vehicle on their policy -- something quite a few auto insurance carriers will reward with discounts.

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

Mercury or Texas Farm Bureau: Average Rates by Gender

Women generally to pay less for car insurance than men. That's because women are less likely to get tickets and get into accidents, which decreases the chances of filing a claim with insurance.

With Mercury, men normally pay about 5% more a month than women., but with Texas Farm Bureau, the difference is closer to 11% per month.

When it comes to the lowest rates for each gender, Texas Farm Bureau comes out on top for both men and women. On average, women save about $157 a month and men save around $154 with Texas Farm Bureau compared to the average Mercury policyholder.

Mercury vs. Texas Farm Bureau: 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.

Insurance can be a complicated subject for most people. There are a variety of 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.

The two most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with liability).

Looking specifically at state minimum liability insurance, Texas Farm Bureau has the significant edge, with average monthly premiums coming in at $87. If you want a full coverage policy with the same state minimum limits, Texas Farm Bureau again has the edge, with policies averaging about $192 per month to Mercury's $406.

Is Mercury or Texas Farm Bureau 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 speeding tickets and at-fault accidents on your record, but which of these two carriers offers the cheapest prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Texas Farm Bureau car insurance policies don't report seeing their premiums increase after getting a ticket, but Mercury policyholders can expect to see their monthly bill increase by around $55.

But Texas Farm Bureau has cheaper rates for drivers in both categories. Drivers with a clean record can save about 70% a month with Texas Farm Bureau Insurance, and the same can be said for those with a speeding ticket, too.

Which Company is Best for Drivers After an Accident?

Mercury drivers who get in a collision can expect to see their prices increase by over 30%, while those who have insurance through Texas Farm Bureau will see around a 40% increase.

At the end of the day, the more affordable rates come from Texas Farm Bureau, with average prices coming in at $114 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. For example, Texas Farm Bureau increases average premiums by nearly $250 per month -- that's more than a 75% increase.

Texas Farm Bureau has the overall most affordable rates for drivers with a DUI on their records at $300 per month, but it's worth noting that Mercury's average rates come from 11 states compared to just one for Texas Farm Bureau, so the data may be skewed slightly.

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

In many cases, your credit score can come into play when companies determine your monthly bill. Certain states and carriers do not allow for credit score to be used as an auto insurance factor, but it might come into play for lots of policyholders.

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

Looking at Mercury and Texas Farm Bureau specifically, which one has the lowest premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Texas Farm Bureau will usually reward you the most. For drivers with "excellent" credit scores, Texas Farm Bureau comes in nearly 72.65 less expensive. Drivers with "good" credit scores typically save about 59% with Texas Farm Bureau compared to average rates from Mercury.

Which Company is Best for Drivers with Bad Credit?

Texas Farm Bureau typically offers lower premiums than Mercury when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around 51% a month less with Texas Farm Bureau compared to Mercury, and those with "poor" scores normally save an average of about 40% monthly.

Is Mercury or Texas Farm Bureau Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on your monthly insurance payment. That's because the more milage you drive, the more likely you are to be in a collision and file an insurance claim.

In this case, neither Mercury or Texas Farm Bureau report increasing prices for drivers with higher annual mileage figures. Still, Texas Farm Bureau comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car each year, with average premiums of $139 per month for both.

Mercury or Texas Farm Bureau: 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 substantial impact as well. Usually, those who live in urban areas will pay more than policyholders in rural areas due to the number of vehicles that are on the roads where they live.

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

For drivers in urban ZIP codes, Texas Farm Bureau Insurance's average rates are around $243 less than Mercury Insurance. People who live in suburban areas pay about $147 less with Texas Farm Bureau compared to Mercury. Those in rural areas can expect to save around $77 with Texas Farm Bureau compared to Mercury.

Mercury vs. Texas Farm Bureau 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 insurance discounts comes into play.

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 qualify for.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Mercury and Texas Farm Bureau 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 Texas Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 27 different discounts to Texas Farm Bureau's six.

There are a couple discounts both companies offer, but Mercury also offers discounts for ABS, advance quote, anti-theft, and more.

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

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

So, you've seen how different factors can affect your car insurance prices. We've shown you all the discounts each carrier offers, too. But, at the end of the day, which company is the right company for you and your specific profile and needs?

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

• You live in one of the following states: Texas.
• You're looking for the best rates on liability only coverage.
• You live in a rural area.

Mercury might be best for you if...

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

Hopefully, this guide helps you get a good idea of the differences between Mercury and Texas Farm Bureau and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple carriers, not just Mercury and Texas Farm Bureau. 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 auto insurance companies in your area, all in just a few minutes.

Mercury vs. Texas Farm Bureau FAQs

Is Mercury or Texas Farm Bureau cheaper?

Texas Farm Bureau is the cheaper of the two carriers when looking at national average premiums, with policies averaging $139 a month with Texas Farm Bureau and $295 for Mercury. Even so, that doesn't mean Texas Farm Bureau will be the most affordable company for everyone, since there are a range of different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Mercury or Texas Farm Bureau?

Sadly, the real answer is "it depends.". No one carrier is necessarily "better" for everyone -- it all boils down to your unique insurance profile.

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

Auto insurance companies use several different factors when determining the prices they charge. Things such as age, gender, where you call home, your driving record, and sometimes even things like your credit score can all come into play. Both Mercury and Texas Farm Bureau calculate rates using different variables, so it's likely they'll offer different premiums. The best way to determine which company is the lowest for you is by comparing personalized quotes from a bunch of different carriers.

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

The only way to find the insurance carrier that's right for you is by getting quotes from several companies 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 car insurance carriers for free. With those, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't Mercury or Texas Farm Bureau 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.