What Discounts Does Mercury Offer for Auto Insurance?

Last Updated on November 14, 2023

If you’re a driver in Arizona, California, Florida, Georgia, Illinois, New Jersey, Nevada, New York, Oklahoma, Texas, or Virginia, you might want to consider Mercury as your auto insurance provider. Known as an affordable “no-frills” insurer, they also provide discounts to help you save even more money – while giving you the coverage you require. Along with discounts, Mercury Insurance also provides tips on how to keep your total insurance costs down. They also provide driver training information to keep you and your loved ones safe while on the road. So let’s have a look at the various discounts Mercury offers for auto insurance.Mercury auto insurance discounts

Mercury Auto Insurance Discounts

Pay in Full Discount

One of the easiest and fastest ways to save money is to pay the entire auto insurance term upfront. It might seem like a lot of money to hand over all at once, but you’ll get a discount and the savings can be substantial compared to once-a-month non-discounted payments. Plus, one-and-done means you won’t have to worry about a monthly insurance bill!

AutoPay Discount

Another easy way to save is to sign up for the autopay discount if you don’t want to pay in full at the time of purchase. It’s reliable, efficient, and you won’t have to physically send a check in the mail or remember to send an electronic payment – it’ll all be done automatically. It’s easy, and you’ll get a discount, too.

Good Driver Discount

No accidents or tickets? Then you and other drivers on your policy might be eligible for reduced rates if you have been accident and ticket-free for a specified amount of time. This discount can make a big difference in your costs, so take extra care on the road, and keep more money in your pocket.

E-signature Discount

Who doesn’t love less paperwork? It’s convenient, efficient, and easy. Best of all, by signing up for electronic signatures, you get a discount, making your auto insurance even more affordable.

Good Student Discount

Are you or a family member currently in school or college? Mercury Insurance knows that young drivers who keep their grades up while studying have fewer accidents. Because of this, good students get a discount, too. You’ll need to speak to a Mercury agent, and they’ll tell you who qualifies as a good student and what proof is required. So hit the books, get those grades up, and get rewarded with cheaper insurance.

Anti-Theft Feature Discount

Protect your car from theft, you’ll be rewarded. However, this doesn’t mean just locking your doors: you need to prove that you have an anti-theft device installed in your vehicle. Examples of anti-theft devices include security tire clamps, security alarms, keyless entry security alarm systems, steering wheel locks, and brake locks, among others. Talk with your Mercury agent for more details.

Multi-Car Discount

If you’re a family with more than one car, consider insuring all your vehicles in one place. This makes things easier for you, and Mercury Insurance will reward you with a reduction in insurance costs.

Multi-Policy Discount

Here’s where things get interesting. Mercury also provides other types of insurance. If you bundle your home, renters, or condo policy with your car insurance, you could see your rates reduced even further. This discount requires more work on your part because you’ll need to do some research. Compare the rates your current home insurer offers with Mercury’s. You could save up to 15% on your total insurance costs, making the time spent on a bit of research worth your while.

Mercury RealDrive

If you enroll in Mercury’s pay-per-mile program, RealDrive, you can save even more on your auto insurance rates. Mercury promises a 5% discount on your premiums simply for signing up for the program. All you have to do is verify the total number of miles you drive each month. The fewer miles you drive, the lower your insurance premiums will be.

Car Insurance Cost-Saving Tips

With the discounts already mentioned, it’s apparent that Mercury is dedicated to saving clients money. Along with the discounts above, they offer good advice on how to keep car insurance affordable. Consider these tips when buying your policy.

Increase Your deductible

If you get in an accident or if your car gets damaged, the deductible is the money you need to pay before your insurance has effect or “kicks in”.  To keep your insurance premium (monthly payments or one-time full payment) as low as possible, consider a higher deductible. In other words, if you pay more out-of-pocket in case of an accident, your premium will be lower.

Limit Mileage

This is another easy way to save money: drive less. With less mileage, your premiums go down because you’re less likely to be in an accident and make a claim. If your driving habits have changed recently, speak with your agent, and see if your premiums can be adjusted. Take the bus, carpool, walk, or work from home – and see your savings increase. Fun fact — you’ll save a bundle on gas, too!

Factor in Teen Drivers

Before committing to any policy, do some comparison shopping between insurers especially if you’ve got teenagers who drive. The difference in price can range from a few hundred to a few thousand dollars. Interestingly, Mercury Insurance has a Drive Safe Challenge community event in several locations designed to keep young drivers safe. Older drivers can benefit as well.  As mentioned earlier, safe driving equals good driving- and good drivers get a discount.

The Takeaway – Mercury Insurance Discounts

Mercury Insurance is one of the more affordable options on the market for auto insurance. While it might not have the bells and whistles of other, more expensive insurance agencies, it provides a good “meat and potatoes” insurance that meets the state requirements for car owners.

If affordability is your priority, Mercury Insurance offers substantial discounts as well and advice on how to drive safely in order to maximize your savings. An agent will be able to give you the finer details and specifics, and their website contains valuable information on things like driver education and training.

So, before buying a policy, consider all of the above discounts and tips, and speak with an agent to see which discounts you qualify for.   You might be surprised at the money you save!

James Shaffer
James Shaffer James Shaffer is a writer for InsurancePanda.com and a well-seasoned auto insurance industry veteran. He has a deep knowledge of insurance rules and regulations and is passionate about helping drivers save money on auto insurance. He is responsible for researching and writing about anything auto insurance-related. He holds a bachelor's degree from Bentley University and his work has been quoted by NBC News, CNN, and The Washington Post.
Back to Top