Mileage Rating Rules For Mercury Auto Insurance

Mercury Insurance is a Los Angeles-based insurance provider that has been offering auto insurance since 1961. It is the seventh-largest provider in California and is available in 10 other states. Mercury offers a wide range of insurance options, including auto, home, renters, condo, business, and umbrella insurance. Their auto insurance rates are generally affordable, especially for high-risk drivers, and they offer various discounts to help lower premiums. One of their programs, RealDrive, offers a 5% discount and additional savings based on the number of miles driven, making it an attractive option for those who work from home or have a short commute.

Discounts for low mileage

While Mercury does not offer a specific low mileage discount, the company does take mileage into account when determining insurance premiums. According to WalletHub data, Mercury insurance premiums are around 10% lower for customers who drive 7,500 miles annually compared to those who drive 15,000 miles annually. Low mileage drivers are less likely to file a claim, as they spend less time on the road, which results in lower premiums.

Mercury also offers a usage-based insurance program called MercuryGO, which can benefit low-mileage drivers. MercuryGO tracks mileage and other driving habits, and policyholders can save up to 50% on their premiums. Additionally, Mercury offers a RealDrive® program, exclusive to California, that provides a 5% discount to policyholders and further discounts based on their mileage.

Other factors that can impact your insurance premium include the vehicle safety rating, anti-theft features, good driver discounts, good student discounts, multi-policy discounts, ease of repair or replacement for a damaged vehicle, natural disaster claims, and national averages for injury costs.

RealDrive pay-per-mile insurance

RealDrive is a pay-per-mile insurance program offered by Mercury Insurance. It works by tracking how many miles you drive each month, scoring you on how little you drive, and generating your premium based on that score. The less you drive, the less you pay for auto insurance.

RealDrive is currently only available in California. To sign up, you can talk to a Mercury Insurance agent to get a free, no-obligation quote. If you decide to go ahead, they will take care of everything. You will receive a 5% discount at sign-up, and you'll keep this discount for as long as you remain in the program. You may also be driving fewer miles than you thought, which could lead to even bigger savings. Mercury Insurance is also available in 10 other states, including Arizona, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia.

Mercury Insurance is rated 7.9 out of 10 for its good customer service, unique coverage options, and affordable rates for high-risk drivers. The company offers a wide range of discount opportunities, including a multi-policy discount, multi-car discount, anti-theft feature discount, good driver discount, good student discount, autopay discount, and e-signature discount.

Pay-per-mile insurance is an excellent option for low-mileage or infrequent drivers, as it allows them to pay only for the miles they drive, plus a low monthly or daily rate. This type of insurance is usually cheaper than traditional insurance and offers the same coverage. It is important to note that pay-per-mile insurance may not always be the most cost-effective option, as some drivers may pay less with traditional insurance.

Tracking mileage with the MercuryGO app

The MercuryGO app is a usage-based driving program that tracks your driving habits and provides discounts or premium increases based on your safe driving score. The app is available for download on iOS and Android devices, and offers a 10% discount just for signing up. By allowing the app to record your driving data, you can receive a safe driver score based on the following criteria:

• Driving behaviour
• Miles driven
• Trips taken
• Hard braking
• Phone usage

The app also provides updates on your current discount amount, biweekly safe driver score, telematics information on previous drives, and driving trends. This information can help you maintain a pulse on your driving performance and identify areas for improvement.

It's important to note that the MercuryGO app has received some criticism from users who believe their driving is scored unfairly or inconsistently, and that the discount offered is not as high as expected. However, the app still presents a valuable opportunity to save on your insurance premiums by improving your driving habits and scores.

In addition to the MercuryGO app, Mercury Insurance offers various other discounts to help reduce your auto insurance costs, including anti-theft device discounts, automatic billing discounts, good student discounts, and more. These discounts, along with the usage-based savings from the MercuryGO app, can help make your Mercury auto insurance policy more affordable and tailored to your driving profile.

Mileage and premium calculations

Mileage is one of the factors that determine the cost of auto insurance with Mercury. The company offers a pay-per-mile insurance program called RealDrive, which is currently only available in California. The program works by tracking how many miles you drive each month and generating your premium based on that score. The less you drive, the less you'll pay for auto insurance. Signing up for RealDrive can save you up to 5% on your insurance premium, and you may be eligible for further discounts depending on your mileage.

Mercury also offers a usage-based insurance program called MercuryGO, which measures your driving habits and scores you based on how safe you drive. You can get a 10% discount just for signing up, and an additional discount of up to 40% if you get a high score. The program is available through a mobile app that records your driving data and provides updates on your current discount amount, safe driver score, telematics information, and driving trends.

In addition to mileage, there are several other factors that can affect your premium with Mercury. These include the type of vehicle you drive, where you live, your age, your marital status, your driving record, and the number of cars insured by Mercury.

Average annual rate calculations

The average annual rate for auto insurance with Mercury is $2,929, which is 89% higher than the national average rate of $1,547. However, it's important to note that Mercury Insurance is only available in 11 states, and rates tend to vary based on location.

Mercury's average rates are slightly below average for drivers with a clean record. The company offers an average rate of $1,872 per year ($156 per month) for full coverage and $624 per year ($52 per month) for minimum coverage. These rates are a good starting point to estimate your costs, but your rates may differ based on your driving profile and coverage needs.

Mercury's RealDrive program offers a pay-per-mile insurance option, where your premium is determined by how many miles you drive. This program is advertised only for Californians, and it can lead to significant savings for those who drive less.

Several factors influence the cost of auto insurance at Mercury, including the vehicle you drive, where you live, your driving record, your age, your marital status, and more. Additionally, your state's minimum liability insurance requirements can impact your coverage choices and overall cost.

Mercury offers various discounts to help lower your premium, such as the multi-policy discount, good driver discount, multi-vehicle discount, good grades discount, and more. By taking advantage of these discounts and choosing the right coverage options, you can work towards obtaining a more affordable annual rate with Mercury Auto Insurance.

Frequently asked questions