Which insurance company is right for you? Compare insights, rates, and quotes from Farmers and Mercury.
Farmers Insurance began selling insurance a year before the Great Depression and survived to become a household name. Founders John C. Tyler and Thomas E. Leavey started off by going farm to farm to gain their first policies. They specifically lowered rates for farmers and ranchers because they understood that these occupations posed fewer risks with their vehicles. By 1928, they were able to open an office in downtown Los Angeles. During the Great Depression, Farmers was one of the few companies that were able to pay claims. When a devastating earthquake hit Los Angeles, Farmers paid out claims for damaged cars and became the first insurance company to offer comprehensive insurance.
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 MercuryInsurance opened an office in Orange County, CA. In 1966 they opened their first office in the San Fernando Valley and a year later earned an A+rating from A.M. Best. They continued expanding in southern California with an office opening in San Diego. In 1968 Mercury established a holding company, then acquired shares of Mercury Casualty Company and made it a wholly-owned subsidiary of Mercury General Corp. They then moved into their newly opened San Jose office. In 1970, Mercury wrote $1 million in premiums in one month and grew to employ 467 agents. In 1972 they sold their first homeowners policy. In 1973 Mercury formed a subsidiary for underwriting preferred risk, thereby increasing business using a 34-page manual written by the company’s founder. In 1974, Mercury opened its first Sacramentooffice and by 1977, Mercury Insurance becomes the largest insurance subsidiary, producing over $1 billion in premiums by 2011. In 1978, Mercuryestablished a Special Investigations Unit (SIU) to fight insurance fraud.
Below is a list of the average rates that drivers typically pay with Farmers and Mercury. On average, Farmers charges approximately $233.76 per month while Mercury comes in at around $167.35 per month. For Farmers, the cheapest state average is South Dakota at $124.40 per month and the most expensive is Michigan at $381.20 per month. For Mercury, the cheapest state average is Illinois at $125.07 per month and the most expensive is New Jersey at $242.55 per month.
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Farmers and Mercury typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Farmers||Mercury|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Farmers charges $249.74 per month and Mercury charges $165.83 per month for customers who own their home.
Which car insurance company is better? We've made it easy to compare companies side by side. See how Farmers and Mercury ranked among the industry ratings.
|A.M. Best Rating||A-|
|JD Power Ranking||About Average||Average|
|NAIC Complaint Index||0.8|
What coverage is available through Farmers and Mercury? Both insurance companies offer Auto, Commercial, Home, and Umbrella insurance. Additional products from Farmers insurance also includes Life, Motorcycle, 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 Farmers and Mercury Insurance page.
Mercury offers a wide range of discounts to its policyholders, including Auto Pay, E-signature, and Good Driver discounts. Whereas, Farmers also offers a few discounts that Mercury doesn’t, including Transfer, Teen Driver, and Homeowner discounts. Start taking advantage of discounts offered by insurance providers like Mercury and Farmers insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Alternative Fuel Discount||Anti-theft Feature Discount|
|Distant Student||Auto Pay Discount|
|Electronic Funds Transfer (EFT) Discount||E-signature Discount|
|Good Student||Good Driver Discount|
|Homeowner Discount||Good Student Discount|
|Multi-Car Discount||Multi-car Discount|
|Multi-policy Discount||Multi-policy Discount|
|Occupational Discount||Occupational Discount|
|Pay-in-Full Discount||Pay-in-Full Discount|
|Teen Driver Discount|
The Farmers app is available for iOS and Android. The Farmers Mobile App allows you access to self-service features.
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.
|Farmers Mobile App|
|iOS||4.8||3K user reviews|
|Android||4||3K user reviews|
|Mercury Mobile App|
|Android||2.7||200 user reviews|
|Farmers Contact Info|
|Address||6301 Owensmouth Avenue, Woodland Hills, CA 91367|
|Phone||1 (800) 974-6755|
|Mercury Contact Info|
|Address||4484 Wilshire Boulevard Los Angeles, California|
|Phone||1 (800) 503-3724|
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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