Mercury vs. Chubb Insurance

Which insurance company is right for you? Compare plans, rates, and quotes from Mercury and Chubb.

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Mercury vs. Chubb: What You Need to Know

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.

In 1882, Thomas Caldecot Chubb and his son Percy founded Chubb & Son inNew York City selling with marine insurance. In 1901, Percy organized theFederal Insurance Company, writing marine insurance and expanded into fire two years later. The company acquired control of U.S Guarantee Company in 1921 and they opened their first branch outside the U.S in Montreal, Canadain 1928. In the year 1967, the company changed its name to Chubb Corporation and at the same time, they acquired the Pacific Indemnity Companies. In 1984 Chubb was listed on the New York Stock Exchange and their business expanded overseas by 1990. In 2012, after Superstorm Sandy, Chubb settled the highest number of claims in the company's history. Ace Limited and Chubb became one company and adopted the Chubb name by 2016. Today, Chubb is the world’s largest publicly traded P&C insurance company and the largest commercial insurer in the U.S, operating in 54 countries and provides property and casualty insurance to businesses and individuals, including personal products such as auto, home, travel, natural disasters, valuables, boats & yachts, cyber and life & health protection.

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

Mercury vs. Chubb: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Mercury and Chubb. On average, Mercury charges approximately $224.52 per month while Chubb comes in at around $214.40 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. For Chubb, the cheapest state average is Washington at $117.10 per month and the most expensive is New York at $329.07 per month.

Mercury

Average Rate

$224.52
Chubb

Average Rate

$214.40
National

Average Rate

$119.16
State Mercury Chubb
Arizona $196.51 -
California $171.71 -
Florida $303.06 -
Georgia $209.71 -
Illinois $158.18 -
Michigan- $188.13
Nevada $291.17 -
New Jersey $233.18 -
New York- $329.07
Oklahoma $163.37 -
Pennsylvania- $208.67
Tennessee- $140.26
Texas $226.25 $187.73
Virginia $136.84 $145.59
Washington- $117.10

Mercury vs. Chubb: 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 Mercury and Chubb typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Mercury Chubb
1 Vehicle $205.50 $205.26
2 Vehicles $281.55 $247.89
3 Vehicles $493.84 $346.12
4 Vehicles $516.31 $

Mercury vs. Chubb: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Mercury charges $214.77 per month and Chubb charges $190.52 per month for customers who own their home.

Own/Rent Mercury Chubb
Own $214.77 $190.52
Rent $229.64 $225.86

What is Mercury and Chubb Insurance Rating?

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

ComparisonMercuryChubb
Year Founded19621882
Market Share1.13%2.95%
BBB RatingA+
Financial StrengthExcellentExcellent
Fitch RatingAA
JD Power RankingAverage
Moody’s RatingBaa2Aa3
NAIC Complaint Index0.46
S&P RatingAAA

Mercury or Chubb: Insurance Products Offered

What coverage is available through Mercury and Chubb? Both insurance companies offer Auto, Commercial, Home insurance. Additional products from Mercury insurance also includes Condo, Renters, and Umbrella insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Mercury and Chubb Insurance page.

InsuranceMercuryChubb
Auto Insurance
Commercial Insurance
Condo Insurance
Home Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Mercury or Chubb: Ways To Save

Chubb offers a wide range of discounts to its policyholders, including Airbag, Anti-lock Braking System, and Anti-theft discounts. In contrast, Mercury also offers a few discounts that Chubb doesn’t, including Pay-in-Full, Occupational, and Multi-policy discounts. Start taking advantage of discounts offered by insurance providers like Chubb and Mercury insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

MercuryChubb
Anti-theft Feature DiscountAccident-Free Discount
Auto Pay DiscountAirbag Discount
E-signature DiscountAnti-lock Braking System Discount
Good Driver DiscountAnti-theft Discount
Good Student DiscountCollege Graduate Discount
Multi-car DiscountDefensive Driving Discount
Multi-policy DiscountGood Student Discount
Occupational DiscountMulti-Vehicle Discount
Pay-in-Full Discount

Pros & Cons of Mercury & Chubb

Pros

Mercury
  • Offers low rates and excellent coverage for homeowners, condo, renters, umbrella, auto, mechanical breakdown, business auto and business insurance in 13 states.
Chubb
  • Industry-leading claims and risk engineering services.
  • Efficiency in paying claims and solid reputation.
  • Multi-policy discounts and credits available.
  • High level of expertise.

Cons

Mercury
  • Mercury Insurance is only available in 13 states.
  • Not all discounts are available in all 13 states.
Chubb
  • Higher than the average rates, since it’s a premier carrier.

Mercury or Chubb Mobile Apps Options

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.

The Chubb Mobile app is available for android and iPhones and iPads. The app features fingerprint and facial login to a dashboard where you can manage payments, download ID cards, submit claims, check the agent information and more.

Mercury Mobile App
iOS N/ANot Available
Android     2.7200 user reviews
Chubb Mobile App
iOS     3.314 user reviews
Android     2.36 user reviews

Mercury & Chubb Contact Info

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
Chubb Contact Info
Address15 Mountainview Rd, Warren, NJ 07059
Phone(908) 903-2000
Websitehttps://www.chubb.com/us-en/
Facebookhttps://www.facebook.com/ChubbInsurance/
Youtubehttps://www.youtube.com/channel
Linkedinhttps://www.linkedin.com/company/chubb/

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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