Mercury vs. Hanover Insurance

Which insurance carrier is right for you? Compare ratings, price, and quotes from Mercury and Hanover.

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Mercury vs. Hanover: 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 1852, The Hanover Fire Insurance Company opened in Manhattan at Hanover Square. Author Washington Irving was one first investor. In 1864, while the U.S expanded West, The Hanover formed a general agency to service settlers. In 1866, 1800 buildings burned down in Portland, Maine. The Hanover paid all claims and helped rebuild the city. In 1871, the Great Chicago Fire destroyed more than three square miles of the city. There was $3 billion worth of losses, but the Hanover met all claim obligations. In 1872, a fire in Boston, Massachusetts burned down nearly half the city, but the Hanover paid all claims.

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 Hanover Overview.

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

Below is a list of the average rates that drivers typically pay with Mercury and Hanover. On average, Mercury charges approximately $218.87 per month while Hanover comes in at around $436.66 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. For Hanover, the cheapest state average is Massachusetts at $183.50 per month and the most expensive is New Jersey at $613.09 per month.

Mercury

Average Rate

$218.87
Hanover

Average Rate

$436.66
National

Average Rate

$117.77
State Mercury Hanover
Arizona $194.07 -
Arkansas- $412.24
California $172.66 -
Connecticut- $461.89
Florida $300.67 -
Georgia $203.18 -
Illinois $152.12 $480.53
Indiana- $497.57
Maine- $230.42
Massachusetts- $183.50
Michigan- $591.82
Nevada $296.83 -
New Hampshire- $360.57
New Jersey $227.85 $613.09
New York- $304.74
Oklahoma $157.01 -
Texas $221.75 -
Virginia $135.16 -

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

Number of Vehicles Mercury Hanover
1 Vehicle $199.10 $400.48
2 Vehicles $278.84 $598.71
3 Vehicles $480.58 $1,022.03
4 Vehicles $522.70 $

Mercury vs. Hanover: 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 $213.23 per month and Hanover charges $439.51 per month for customers who own their home.

Own/Rent Mercury Hanover
Own $213.23 $439.51
Rent $222.28 $435.17

What is Mercury and Hanover Insurance Rating?

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

ComparisonMercuryHanover
Year Founded19621852
Market Share1.13%
A.M. Best RatingA
BBB RatingA+A+
Financial StrengthExcellentExcellent
JD Power RankingAverageAbove Average
Moody’s RatingBaa2
NAIC Complaint Index1.28
S&P RatingAA

Mercury or Hanover: Insurance Products Offered

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

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

Mercury or Hanover: Ways To Save

Mercury offers a wide range of discounts to its policyholders, including Auto Pay, E-signature, and Good Driver discounts. In contrast, Hanover also offers a few discounts that Mercury doesn’t, including Student Away at School, One Bill, and No-Fee Electric Funds Transfers discounts. Start taking advantage of discounts offered by insurance providers like Hanover and Mercury insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

MercuryHanover
Anti-theft Feature DiscountAccident Prevention Course Discount
Auto Pay DiscountAffinity Groups
E-signature DiscountAnti-theft Device Discount
Good Driver DiscountGood Student Discount
Good Student DiscountHanover Platinum Experience
Multi-car DiscountMulti-Car Discount
Multi-policy DiscountNo-Fee Electric Funds Transfers
Occupational DiscountOne Bill
Pay-in-Full DiscountPay-in-Full Discount
Student Away at School Discount

Pros & Cons of Mercury & Hanover

Pros

Mercury
  • Offers low rates and excellent coverage for homeowners, condo, renters, umbrella, auto, mechanical breakdown, business auto and business insurance in 13 states.
Hanover
  • The Hanover Insurance Group platinum coverages come in a great bundle.
  • Useful mobile app

Cons

Mercury
  • Mercury Insurance is only available in 13 states.
  • Not all discounts are available in all 13 states.
Hanover
  • The Hanover Insurance Group does not offer rideshare insurance or accident forgiveness options.
  • Very few discounts
  • Hanover Insurance is more expensive than most options and a lower customer service rating.
  • Hanover only writes auto insurance in 18 states.

Mercury or Hanover 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 Hanover Mobile app is available for iOS and Android. With this app, you’ll be able to see vital policy information and billing information. You can also file a home or auto claim without making a phone call.

Mercury Mobile App
iOS N/ANot Available
Android     2.7200 user reviews
Hanover Mobile App
iOS     3.517 user reviews
Android     2.621 user reviews

Mercury & Hanover 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
Hanover Contact Info
Address440 Lincoln Street, Worcester, MA 01653
Phone1-508-855-1000
Websitehttps://www.hanover.com/
Facebookhttps://www.facebook.com/hanoverinsurance/
Twitterhttps://twitter.com/The_Hanover
Youtubehttps://www.youtube.com/channel/UCe9zQijKTBxGff55FKAvytg
Linkedinhttps://www.linkedin.com/company/the-hanover-insurance-group/

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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