Mercury vs. United Financial Casualty Company: Which Company is the Best Fit for You?

Quick Facts

• In general, United Financial Casualty Company offers significantly less expensive rates than Mercury
• Mercury may help you save more money -- they offer more discounts than United Financial Casualty Company
• United Financial Casualty Company offers more affordable average prices for drivers who have below-average credit

Mercury or United Financial Casualty Company: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. You've probably seen commercials and billboards from companies offering large savings, but exactly how much money can you save by switching?

You might be considering Mercury or United Financial Casualty Company, but between the two, which company will offer you cheaper rates?

As you can see, Mercury is quite a bit more expensive than United Financial Casualty Company, with prices averaging $295 a month compared to just $133 with United Financial Casualty Company when looking at the national average rates for car insurance.

But that doesn't mean United Financial Casualty Company will necessarily be more affordable than Mercury for every driver. Insurance carriers vary their premiums depending on things like how clean your driving record is, where you live, how good your credit score is, how old you are, and a ton of other factors, so rates could vary drastically from person to person.

Luckily, we've broken down average premiums from both Mercury and United Financial Casualty Company by lots of different rate factors, so read on to find out which carrier is the best for you.

Mercury vs. United Financial Casualty Company: Average Car Insurance Rates by State

Mercury and United Financial Casualty Company only compete against each other in one states, with Mercury offering less expensive prices to the average driver in all of them. California has the most noticable difference, where Mercury rates are $1 cheaper than auto insurance premiums at United Financial Casualty Company.

But there's more to insurance than just where you call home. As we mentioned above, there's a lot of things that go into how car insurance companies determine your prices. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance rates of any other group of drivers out there on the road. Usually, that's 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.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have United Financial Casualty Company for their car insurance pay over 55% less than those who use Mercury. It's worth noting that Mercury offers insurance in 11 different states compared to United Financial Casualty Company's two, which can skew the average prices a bit, but the difference here is still considerable.

However, both carriers will offer you dramatically lower rates once you turn 25. For example, average premiums for Mercury policyholders reduce around $500 and United Financial Casualty Company's prices lower about $200 over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest premiums you'll ever find.

So, which company offers the best rates to retired drivers? United Financial Casualty Company gets the edge here, with average prices coming in at around $95 a month compared to Mercury's $219.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be more affordable for married drivers than they are for those who are single. That's normally because married couples tend to own and insure multiple vehicles, which can often earn you a discount.

For single drivers, the difference in average prices between these two companies is significant, with United Financial Casualty Company rates coming in at about half of Mercury's. The advantage is also clear for married policyholders - United Financial Casualty Company offers the most affordable average premiums.

Mercury or United Financial Casualty Company: Average Rates by Gender

Because women are less likely to get tickets and get into collisions, they have a lower chance of filing a claim with insurance. So, insurance carriers will often charge women less than men.

With Mercury, women typically pay around 5% per month less than men, but with United Financial Casualty Company, the difference is closer to 1% a month.

When it comes to the cheapest rates for each gender, United Financial Casualty Company comes out on top for both men and women. On average, women save about $156 per month and men save about $168 with United Financial Casualty Company compared to the average Mercury policyholder.

Mercury vs. United Financial Casualty Company: 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, insurance isn't the easiest topic to understand. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

The two most common policies end up falling into two different types of coverage -- liability coverage (which provides property damage and bodily injury coverage for other drivers if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with a liability policy).

Looking specifically at state minimum liability limits, United Financial Casualty Company has the significant edge, with average monthly prices coming in at $79. If you want a full coverage policy with the same state minimum limits, United Financial Casualty Company again has the edge, with policies averaging around $187 a month to Mercury's $406.

Is Mercury or United Financial Casualty Company Better for Drivers with Spotty Records?

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

You'll probably end up paying more with speeding tickets and at-fault collisions on your record, but which of these two carriers offers the lowest premiums to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Mercury for their auto insurance can generally expect their monthly bill to go up about 19% after getting a speeding ticket. United Financial Casualty Company policyholders can expect a bit more drastic of an increase of around 25%.

That being said, United Financial Casualty Company is usually the less expensive option for drivers both with a ticket and with a clean record -- their rates are around 57% cheaper for drivers with clean records and 53% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Mercury can expect to see about an $109 -- or around 32% -- rise in their auto insurance prices. Drivers who use United Financial Casualty Company for their car insurance will see a monthly bill about $55 (or 35%) more expensive after reporting an accident to their insurance carrier.

At the end of the day, the less expensive rates come from United Financial Casualty Company, with average premiums coming in at $158 compared to Mercury Insurance's $346.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly car insurance bill -- generally a lot more than a collision or speeding ticket. For example, Mercury increases average prices by more than $65 per month -- that's more than a 20% increase.

United Financial Casualty Company has the overall most affordable premiums for drivers with a DUI on their records at $134 monthly, but it's worth noting that Mercury's average rates come from 11 states compared to just two for United Financial Casualty Company, so the data may be skewed slightly.

How does Credit Score Impact Mercury and United Financial Casualty Company Rates?

You may not have known, but your credit score can be used as one of the factors to calculate your monthly insurance rates. This isn't true for everyone (for example, Hawaii and California are two states that ban the practice entirely), but it might come into play for quite a few drivers.

Auto insurance companies argue that those with good credit scores are more likely to pay their bills on time every month, which decreases the risk involved on their end, while the opposite is true for those with bad credit.

So, which company offers the lowest prices for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, United Financial Casualty Company will normally reward you the most. For drivers with "excellent" credit scores, United Financial Casualty Company comes in nearly 53.36 cheaper. Drivers with "good" credit scores typically save around 55% with United Financial Casualty Company compared to average rates from Mercury.

Which Company is Best for Drivers with Bad Credit?

United Financial Casualty Company typically offers lower prices than Mercury when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 53% a month less with United Financial Casualty Company compared to Mercury, and those with "poor" scores usually save an average of around 58% per month.

Is Mercury or United Financial Casualty Company 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 car insurance bill. Normally, the more milage you put on your vehicle each year, 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 small difference in monthly premiums for United Financial Casualty Company, with policyholders who drive 6,000 miles each year paying about $4 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, United Financial Casualty Company is the more affordable carrier.

Mercury or United Financial Casualty Company: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a big role in how much you pay for auto insurance. Typically, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

United Financial Casualty Company boasts the cheapest average rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

For policyholders in urban ZIP codes, United Financial Casualty Company's average premiums are around $262 less than Mercury Insurance. People who live in suburban areas pay about $141 less with United Financial Casualty Company compared to Mercury. Those in rural areas can expect to save around $84 with United Financial Casualty Company compared to Mercury.

Mercury vs. United Financial Casualty Company 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, and the best way to do that is by taking advantage of as many auto insurance discounts as possible.

But with what seems like a million different discounts out there, it can be difficult 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 United Financial Casualty Company offer their customers so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Mercury blows United Financial Casualty Company away when it comes to the sheer amount of discounts available, offering nine more discounts than United Financial Casualty Company.

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

On the other hand, United Financial Casualty Company has a few proprietary discounts of their own for things like EFT discounts, occasional operator discounts, online quote discounts, and more.

Final Thoughts: Is Mercury or United Financial Casualty Company Best for You?

So, we've broken down the average prices for many of the variables insurance companies look at, and we've shown you all the discounts each carrier offers. That's all well and good, but when it comes down to it, is Mercury or United Financial Casualty Company the right one for you and your specific profile and needs?

United Financial Casualty Company might be best for you if....

• Your driving record contains an at-fault collision.
• Your home is in a busy urban area.
• You've started working from home and don't have much of a commute.

Mercury might be best for you if...

• You value the experience that comes with a large national car insurance company.
• You want to save extra money with discounts.

Hopefully, this guide helps you get a better idea of the difference between Mercury and United Financial Casualty Company. We also hope we've given you the information you need to make the best decision about your auto insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from several carriers, not just Mercury and United Financial Casualty Company. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.

Mercury vs. United Financial Casualty Company FAQs

Is Mercury or United Financial Casualty Company cheaper?

United Financial Casualty Company is the less expensive of the two carriers when looking at national average rates, with policies averaging $133 per month with United Financial Casualty Company and $295 for Mercury. Even so, that doesn't mean United Financial Casualty Company will be the most affordable carrier for everyone, since there are several different factors that are considered when it comes to your auto insurance payment.

Who is better, Mercury or United Financial Casualty Company?

Sadly, the answer truly is "it depends.". No single company is "better" for everyone -- it all depends on the makeup of your unique insurance profile.

Why do Mercury and United Financial Casualty Company offer me different rates?

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

How do I know if Mercury or United Financial Casualty Company is right for me?

The only way to find the car 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 does all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the most affordable rate. And maybe you'll find that the best carrier for you isn't Mercury or United Financial Casualty Company 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.