State Farm vs. Mercury: Which one is the cheapest?

State Farm costs an average of $502, while Mercury has average rates for state minimum coverage of $607.

For full coverage with 100/300/100 in liability coverage and $500 deductibles for comprehensive and collision insurance, State Farm costs an average of $1,984. Mercury costs more at an average of $2,314.

It’s always a good idea to shop around for quotes, however, because prices and coverage vary from state to state and depend on your individual situation.

CompanyAverage annual rate for full coverageAverage annual rate for state minimum coverageAverage annual premium for liability-only car insurance
State Farm$1,984$502$651
Mercury$2,314$607$975

State Farm vs. Mercury: Rates by age group

For a teen – one of the most expensive age groups to insure – State Farm has the cheapest rates, coming in at $5,368 per year. Mercury costs an average of $7,475 for a teen driver.

Age is a major factor in calculating insurance rates. Companies look at speeding and accident trends as well as distracted driving statistics. Teen drivers are one of the riskiest – and therefore most expensive – age groups to insure. Rates drop as you get older.

For example, adults pay an average of $1,985 at State Farm, while at Mercury the average rate for an adult is $2,369.

Age (group)State FarmMercury
Teens$5,368$7,475
Young adults$3,179$3,989
Adults$1,985$2,369
Seniors$1,858$2,344

State Farm vs. Mercury: Rates for high-risk drivers

State Farm has the best rates for high-risk drivers. A high-risk driver is someone who has multiple speeding tickets, accidents or a serious offense like a DUI on their record. This can make it a challenge to find affordable auto insurance.

For the drivers with DUI, State Farm is cheaper, with average rates of $3,179.

Take a look at the table below for State Farm’s rates compared to Mercury’s rates.

Type of violationState FarmMercury
1 At-fault property damage accident over $2K$2,411$4,292
1 At-fault property damage accident under $2K$2,403$4,280
At-fault bodily injury accident$2,497$4,176
Careless driving$2,419$3,558
DUI$3,179$3,463
Reckless driving$3,037$3,938
Speeding$2,321$3,240

State Farm vs. Mercury: Rates in your state

Insurance rates vary from state to state. Carriers factor in data from your region and ZIP code, including weather, crime and traffic trends to calculate risk. The table below shows where you’ll find the cheapest rates for State Farm and Mercury. Remember, always shop around for multiple quotes as prices will ultimately be determined by your personal situation and driving record in addition to your location.

StateState FarmMercury
Alabama$1,790N/A
Alaska$1,713N/A
Arizona$2,233N/A
Arkansas$2,060N/A
California$2,701$2,031
Colorado$1,950N/A
Connecticut$1,733N/A
Delaware$2,153N/A
Florida$2,119$3,358
Georgia$2,344$2,219
Hawaii$1,938N/A
Idaho$1,120N/A
Illinois$1,633N/A
Indiana$1,616N/A
Iowa$1,306N/A
Kansas$1,976N/A
Kentucky$2,753N/A
Louisiana$3,570N/A
Maine$1,262N/A
Maryland$2,177N/A
Massachusetts$689N/A
Michigan$3,698N/A
Minnesota$1,525N/A
Mississippi$1,797N/A
Missouri$2,072N/A
Montana$1,858N/A
Nebraska$2,344N/A
Nevada$1,443$2,156
New Hampshire$1,155N/A
New Jersey$2,153N/A
New Mexico$1,669N/A
New York$1,951N/A
North Carolina$1,180N/A
North Dakota$1,738N/A
Oklahoma$1,861$2,237
Oregon$1,502N/A
Pennsylvania$2,473N/A
Rhode Island$1,319N/A
South Carolina$2,106N/A
South Dakota$2,096N/A
Tennessee$1,677N/A
Texas$1,956N/A
Utah$2,175N/A
Vermont$1,139N/A
Virginia$1,479N/A
Washington$1,794N/A
Washington, D.C.$2,426N/A
West Virginia$1,691N/A
Wisconsin$2,378N/A
Wyoming$1,521N/A

N/A represents data is not available.

State Farm vs. Mercury: Which offers better discounts?

Discounts are a big draw for customers and can offer significant savings on your annual premiums. Below are some of the discounts State Farm and Mercury offer to their customers.

DiscountsMercuryState Farm
Lower Annual Mileage9%10%
Loyalty - Years Renewal With Company8%18%
Homeowner7%2%
Profession6%N/A
Days Advanced Purchase5%N/A
Electronic Funds Transfer5%N/A
Years Licensed40%18%
Safety Devices1%4%
Days Per Week DrivenN/A4%
Electronic Signature3%N/A
Paperless/Electornic Documents2%N/A
Daily CommuteN/A2%
Air BagsN/A2%
Years Insured17%N/A
Payment Type13%N/A
TelematicsN/A13%
Primary UseN/A12%
Marital Status12%N/A
Multi Policy10%10%
Anti-Theft Device1%1%

N/A represents data is not available.

Always be sure to ask about available discounts when you’re shopping around for insurance to see what you may qualify for.

State Farm vs. Mercury: The bottom line

Both State Farm and Mercury are solid insurance companies, but if rates are what matter most to you, State Farm may be the choice for you. However, we always recommend considering more than just rates to find the best car insurance for your needs and comparing quotes from multiple companies.

Methodology

Insurance.com commissioned car insurance rates from Quadrant Data Services for state minimum coverage and full coverage with liability limits of 100/300/100 with $500 deductibles. Base sample rates are based on a 40-year-old male driver with a clean record and good credit driving a 2023 Honda Accord LX. Rates were also fielded for multiple age groups and driver profiles compared with the base sample rate.

Company ratings were gathered from third-party sources including J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC). We also gathered data from the Insure.com annual survey of car insurance customers.

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