Auto-Owners vs. Mercury Insurance

Which insurance company is right for you? Compare plans, premiums, and quotes from Auto-Owners and Mercury.

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Auto-Owners vs. Mercury: What You Need to Know

Vern V. Moulton and four of his associates founded Auto-Owners Insurance Company in a single room in the Commercial Block Building in Mount Pleasant, Michigan. The company moved to Lansing, Michigan where it still is today. In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in. In 1966 the company established Auto-Owners Life Insurance Company. In 1976, the company moved into its current home in Lansing. Auto-Owners Insurance celebrated its 100th anniversary. In 2017, Auto-Owners begins its affiliation with the Concord General Mutual Insurance group. Today, Auto-Owners Insurance writes policies in 26 states and has more than 4,700 employees. The company has been a member of the Fortune 500 since 2002. In 2018, Auto-Owners Insurance was listed at number 375.

George Joseph founded Mercury General Corporation in Los Angeles with a promise to provide more affordable rates than other carriers and the best customer service in the industry. The first policy was sold in 1962 when the company had only six employees and 90 agents. Two years later Mercury Insurance opened an office in Orange County, CA.

In 2004, Mercury increased market share in California to 9% and opened offices in Arizona, Michigan, Nevada, and Pennsylvania, with underwriting profits reaching $273 million. By 2005, the company’s total assets exceeded $4 billion and net premiums exceeded $3 billion by 2006. By 2008 Mercury had 4,700 independent agents and brokers in 13 states with $1.5 billion in shareholders’ equity. In 2009, Mercury made the list of America’s Most Trustworthy Companies three years in a row and purchased AIS Insurance, the nation’s largest independent insurance agency. Mercury is now one of the largest insurance companies in the country. Boasting more than $4 billion in assets, today Mercury insures people in 11 states. The company slogan is “Mercury provides everything you need in an insurance company.”

Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Auto-Owners Insurance Co Overview and Mercury Overview.

Auto-Owners Insurance Co vs. Mercury: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Auto-Owners Insurance Co and Mercury. On average, Auto-Owners Insurance Co charges approximately $135.68 per month while Mercury comes in at around $224.52 per month. For Auto-Owners Insurance Co, the cheapest state average is Ohio at $85.70 per month and the most expensive is Michigan at $218.28 per month. For Mercury, the cheapest state average is Virginia at $136.84 per month and the most expensive is Florida at $303.06 per month.

Auto-Owners Insurance Co

Average Rate

$135.68
Mercury

Average Rate

$224.52
National

Average Rate

$119.16
State Auto-Owners Insurance Co Mercury
Alabama $128.41 -
Arizona- $196.51
Arkansas $165.34 -
California- $171.71
Colorado $158.59 -
Florida- $303.06
Georgia $140.54 $209.71
Idaho $100.85 -
Illinois $121.57 $158.18
Indiana $106.39 -
Iowa $88.17 -
Kansas $116.26 -
Michigan $218.28 -
Minnesota $120.28 -
Missouri $122.22 -
Nebraska $110.11 -
Nevada- $291.17
New Jersey- $233.18
North Carolina $95.12 -
North Dakota $107.99 -
Ohio $85.70 -
Oklahoma- $163.37
Pennsylvania $143.77 -
South Carolina $123.16 -
South Dakota $171.47 -
Tennessee $110.87 -
Texas- $226.25
Utah $160.39 -
Virginia $112.56 $136.84
Wisconsin $106.92 -

Auto-Owners Insurance Co vs. Mercury: Rates by Number of Vehicle

Home

Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Auto-Owners Insurance Co and Mercury typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Auto-Owners Insurance Co Mercury
1 Vehicle $124.20 $205.50
2 Vehicles $176.58 $281.55
3 Vehicles $253.92 $493.84
4 Vehicles $ $516.31

Auto-Owners Insurance Co vs. Mercury: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Auto-Owners Insurance Co charges $139.00 per month and Mercury charges $214.77 per month for customers who own their home.

Own/Rent Auto-Owners Insurance Co Mercury
Own $139.00 $214.77
Rent $133.96 $229.64

What is Auto-Owners and Mercury Insurance Rating?

Which car insurance company is better? We've made it easy to compare companies side by side. See how Auto-Owners and Mercury ranked among the industry ratings.

ComparisonAuto-OwnersMercury
Year Founded19161962
Market Share0.24%1.13%
A.M. Best RatingA++
BBB RatingA+A+
Financial StrengthExcellentExcellent
JD Power RankingBetter Than MostAverage
Moody’s RatingBaa2
NAIC Complaint Index0.77
S&P RatingAAA

Auto-Owners or Mercury: Insurance Products Offered

What coverage is available through Auto-Owners and Mercury? Both insurance companies offer Auto, Commercial, Condo, Home, Renters, and Umbrella insurance. Additional products from Auto-Owners insurance also include Farm, Health, Life, Motorcycle, Pet, and RV insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Auto-Owners Insurance Co and Mercury Insurance page.

InsuranceAuto OwnersMercury
Auto Insurance
Commercial Insurance
Condo Insurance
Farm Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Pet Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Auto-Owners or Mercury: Ways To Save

Mercury offers a wide range of discounts to its policyholders, including AutoPay, E-signature, and Good Driver discounts. Auto-Owners also offers a few discounts that Mercury doesn’t including Teen Driver Monitoring, Student Away at School, and Safety Features discounts. Start taking advantage of discounts offered by insurance providers like Mercury and Auto-Owners insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Auto-OwnersMercury
Advance Quote DiscountAnti-theft Feature Discount
Favorable Loss HistoryAutoPay Discount
Good Student DiscountE-signature Discount
Green DiscountGood Driver Discount
Life Multi-policy DiscountGood Student Discount
Multi-car DiscountMulti-car Discount
Multi-policy DiscountMulti-policy Discount
Paid-in-full DiscountOccupational Discount
Payment HistoryPay-in-Full Discount
Safety Features Discounts
Student Away at School Discount
Teen Driver Monitoring Discount

Pros & Cons of Auto-Owners & Mercury

Pros

Auto-Owners
  • Several options for discounts for teen drivers.
  • Common loss deductible and multi-policy discounts allow clients to save money if they insure home and auto with Auto-Owners Insurance.
Mercury
  • Mercury Insurance is only available in 13 states.
  • Not all discounts are available in all 13 states.

Cons

Auto-Owners
  • Auto-Owners Insurance only serves 26 states.
  • No rideshare insurance.
Mercury
  • Mercury Insurance is only available in 13 states.
  • Not all discounts are available in all 13 states.

Auto-Owners or Mercury Mobile Apps Options

The Auto-Owners Insurance mobile app is available for iOS and Android. This insurance concierge gives you access to your policy 24/7. You can pay your bills, set up and manage automatic payments and check on the status of a claim.

The Mercury Mobile app is available for android. This insurance tool is where you can manage payments, view auto policy information, download ID cards and more.

Auto-Owners Mobile App
iOS     3.334 user reviews
Android     4.353 user reviews
Mercury Mobile App
iOS N/ANot Available
Android     2.7200 user reviews

Auto-Owners & Mercury Contact Info

Auto-Owners Contact Info
Address6101 Anacapri Blvd., Lansing, MI, 48917
Phone1-517-323-1200
Websitehttps://www.auto-owners.com/
Facebookhttps://www.facebook.com/AutoOwnersInsurance/
Twitterhttps://twitter.com/AutoOwnersIns
Youtubehttps://www.youtube.com/user/AutoOwnersInsurance
Linkedinhttps://www.linkedin.com/company/auto-owners-insurance/
Mercury Contact Info
Address4484 Wilshire Boulevard Los Angeles, California
Phone1 (800) 503-3724
Websitehttps://www.mecuryinsurance.com
Facebookhttps://www.facebook.com/MercuryInsurance
Twitterhttps://twitter.com/mercuryins
Youtubehttps://www.youtube.com/mercury
Linkedinhttps://www.linkedin.com/company/mercury-insurance

Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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