Liberty Mutual vs. Mercury Insurance

Which insurance provider is right for you? Compare cost, products, and quotes from Liberty Mutual and Mercury.

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Liberty Mutual vs. Mercury: What You Need to Know

Liberty Mutual Group is a global insurer and the fourth-largest property and casualty insurer in the U.S, ranking 68th on Fortune 100 list of the largest corporations in the U.S. The company has assets of more than $100 billion. Today the group employs over 50,000 people in over 900 locations around the globe, including 45 U.S. states. Liberty Mutual formed on July 1, 1912, as Massachusetts Employees Insurance Association (MEIA) and emerged after state law began to require that employers carry protection for their employees.

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 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 Sacramento office and by 1977, Mercury Insurance becomes the largest insurance subsidiary, producing over $1 billion in premiums by 2011. In 1978, Mercury established a Special Investigations Unit (SIU) to fight insurance fraud.

Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Liberty Mutual Overview and Mercury Overview.

Liberty Mutual vs. Mercury: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Liberty Mutual and Mercury. On average, Liberty Mutual charges approximately $304.13 per month while Mercury comes in at around $218.87 per month. For Liberty Mutual, the cheapest state average is North Carolina at $88.65 per month and the most expensive is Delaware at $852.71 per month. For Mercury, the cheapest state average is Virginia at $135.16 per month and the most expensive is Florida at $300.67 per month.

Liberty Mutual

Average Rate

$304.13
Mercury

Average Rate

$218.87
National

Average Rate

$117.77
State Liberty Mutual Mercury
Arizona- $194.07
Arkansas $377.87 -
California- $172.66
Connecticut $399.66 -
Delaware $852.71 -
Florida- $300.67
Georgia- $203.18
Illinois- $152.12
Iowa $286.50 -
Maryland $351.21 -
Massachusetts $243.12 -
Mississippi $466.14 -
Nebraska $306.98 -
Nevada $279.45 $296.83
New Hampshire $205.67 -
New Jersey- $227.85
New York $412.33 -
North Carolina $88.65 -
Ohio $236.13 -
Oklahoma- $157.01
Pennsylvania $321.63 -
Rhode Island $369.16 -
Tennessee $237.07 -
Texas- $221.75
Virginia- $135.16
Washington $195.12 -
Wisconsin $261.71 -

Liberty Mutual 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 Liberty Mutual and Mercury typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Liberty Mutual Mercury
1 Vehicle $290.55 $199.10
2 Vehicles $356.67 $278.84
3 Vehicles $ $480.58
4 Vehicles $ $522.70

Liberty Mutual 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 Liberty Mutual charges $272.29 per month and Mercury charges $213.23 per month for customers who own their home.

Own/Rent Liberty Mutual Mercury
Own $272.29 $213.23
Rent $319.31 $222.28

What is Liberty Mutual and Mercury Insurance Rating?

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

ComparisonLiberty MutualMercury
Year Founded19121962
Market Share5%1.13%
A.M. Best Ratinga
BBB RatingA-A+
Financial StrengthExcellentExcellent
JD Power RankingAbout AverageAverage
Moody’s RatingA2Baa2
NAIC Complaint Ratio4.55
S&P RatingAA

Liberty Mutual or Mercury: Insurance Products Offered

What coverage is available through Liberty Mutual and Mercury? Both insurance companies offer Auto, Commercial, Condo, Home, Renters, and Umbrella insurance. Additional products from Liberty Mutual insurance also includes Health, 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 Liberty Mutual and Mercury Insurance page.

InsuranceLiberty MutualMercury
Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Pet Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Liberty Mutual or Mercury: Ways To Save

Mercury offers a wide range of discounts to its policyholders, including Auto Pay, E-signature, and Good Driver discounts. In contrast, Liberty Mutual also offers a few discounts that Mercury doesn’t, including Violation Free, Student-Away-at-School, and Righttrack telematics device discount discounts. Start taking advantage of discounts offered by insurance providers like Mercury and Liberty Mutual insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Liberty MutualMercury
Accident Free DiscountAnti-theft Feature Discount
Advanced Safety Features DiscountAuto Pay Discount
Alternative Energy DiscountE-signature Discount
Anti-Theft Device DiscountGood Driver Discount
Bundle DiscountsGood Student Discount
Early Shopper DiscountMulti-car Discount
Good Student DiscountMulti-policy Discount
Homeowner DiscountOccupational Discount
Military DiscountPay-in-Full Discount
Multi-Car Discount
Multi-Policy Discount
Online Purchase Discounts
Paperless Policy Discount
Pay-in-Full Discount
Preferred Payment Discount
Righttrack telematics device discount
Student-Away-at-School Discount
Violation Free Discount

Pros & Cons of Liberty Mutual & Mercury

Pros

Liberty Mutual
  • Telematics devices that track driving behaviors can save safe drivers up to30%.
  • Liberty Mutual Deductible Fund, which reduces and eliminates your deductible.
  • Accident forgiveness for your first accident.
  • Lifetime auto repair guarantee at one of 2,000 guaranteed repair network facilities.
  • Original parts replacement ensures that you will only be sold parts made by the manufacturer, not a third party.
Mercury
  • Offers low rates and excellent coverage for homeowners, condo, renters, umbrella, auto, mechanical breakdown, business auto and business insurance in 13 states.

Cons

Liberty Mutual
  • Accident forgiveness is not available in CA and NC.
  • New car replacement is not available in NC and WY.
  • No good student discount.
  • No military discount.
  • No rideshare insurance.
Mercury
  • Mercury Insurance is only available in 13 states.
  • Not all discounts are available in all 13 states.

Liberty Mutual or Mercury Mobile Apps Options

The Liberty Mutual app is available for iOS and Android. This insurance concierge is where you can report accidents or update personal information24/7.

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.

Liberty Mutual Mobile App
iTunes     4.826.6K user reviews
Google Play     4.23.8K user reviews
Mercury Mobile App
iOSN/ANot Available
Android     2.7200 user reviews

Liberty Mutual & Mercury Contact Info

Liberty Mutual Contact Info
Address175 Berkeley Street, Boston, Massachusetts
Phone1 (888) 398-8924
Websitewww.libertymutual.com
Facebookwww.facebook.com/libertymutual
Twitterwww.twitter.com/libertymutual
Youtubewww.youtube.com/libertymutual
Linkedinwww.linkedin.com/company/liberty-mutual-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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