Travelers vs. Mercury Insurance

Which insurance provider is right for you? Compare insights, rates, and quotes from Travelers and Mercury.

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Travelers vs. Mercury: What You Need to Know

For more than 160 years Travelers Insurance has been protecting homes, cars, valuables, and businesses. Today they have the reputation of being one of the best property and casualty companies in the industry and are the only one in the Dow Jones Industrial Average. The company has 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom, Ireland, and Brazil. In 1864, a stonecutter, James G. Batterson, and several other townsman in Hartford Connecticut began organizing a company to introduce accident insurance to the U.S. James E. Bolter, a local banker, asked Batterson how much he’d charge to insure his four-block home. Batterson said it would cost “two cents.” Today, the two-cent “premium” is Traveler’s treasured souvenir. The following year, Travelers began selling life insurance and in 1897 they issued their first automobile insurance policy. In 1889, they offered liability insurance to employers (workers compensation). By 1901 Travelers Insurance offered health and liability insurance. In 1903, they opened an insurance school and the following year organized a corps of safety engineers. In 1919, Travelers offered aircraft liability insurance with a full aviation program. During World War II, Travelers underwrote the Manhattan Project, the building of the first atomic bomb. In 1956, they established a weather research center and two years later offered life insurance to women at lower rates than men.

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 Travelers Overview and Mercury Overview.

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

Below is a list of the average rates that drivers typically pay with Travelers and Mercury. On average, Travelers charges approximately $169.27 per month while Mercury comes in at around $218.87 per month. For Travelers, the cheapest state average is Maine at $82.75 per month and the most expensive is Michigan at $256.51 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.

Travelers

Average Rate

$169.27
Mercury

Average Rate

$218.87
National

Average Rate

$117.62
State Travelers Mercury
Alabama $112.66 -
Arizona $144.89 $194.07
California- $172.66
Connecticut $179.19 -
Delaware $149.34 -
Florida- $300.67
Georgia- $203.18
Idaho $185.29 -
Illinois $112.25 $152.12
Indiana $150.27 -
Iowa $136.94 -
Kansas $159.79 -
Kentucky $179.50 -
Maine $82.75 -
Michigan $256.51 -
Mississippi $191.03 -
Nevada $209.18 $296.83
New Jersey- $227.85
New York $226.16 -
North Carolina $98.05 -
Oklahoma- $157.01
Oregon $127.94 -
Pennsylvania $189.70 -
Rhode Island $199.25 -
South Carolina $115.72 -
Tennessee $126.42 -
Texas- $221.75
Virginia- $135.16
Washington $145.50 -

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

Number of Vehicles Travelers Mercury
1 Vehicle $160.17 $199.10
2 Vehicles $200.79 $278.84
3 Vehicles $301.76 $480.58
4 Vehicles $ $522.70

Travelers 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 Travelers charges $155.04 per month and Mercury charges $213.23 per month for customers who own their home.

Own/Rent Travelers Mercury
Own $155.04 $213.23
Rent $177.73 $222.28

What is Travelers and Mercury Insurance Rating?

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

ComparisonTravelersMercury
Year Founded18641962
Market Share1.8%1.13%
BBB RatingA+A+
Financial StrengthExcellentExcellent
JD Power RankingAbout AverageAverage
Moody’s RatingAa2Baa2
NAIC Complaint Index0
S&P RatingAAA

Travelers or Mercury: Insurance Products Offered

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

InsuranceTravelersMercury
Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Travelers or Mercury: Ways To Save

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

TravelersMercury
Affinity Program DiscountsAnti-theft Feature Discount
Continuous Insurance DiscountAuto Pay Discount
Driver Training DiscountE-signature Discount
Early Quote DiscountGood Driver Discount
EFT, Paid in Full and Good Payer DiscountGood Student Discount
Good Student DiscountMulti-car Discount
Home Ownership DiscountMulti-policy Discount
Hybrid/Electric Vehicle DiscountOccupational Discount
IntelliDrive Program Safe Driving DiscountPay-in-Full Discount
Multi-policy Discount
MultiCar Discount
New Car Discount
Safe Driver Discount
Student Away at School Discount

Pros & Cons of Travelers & Mercury

Pros

Travelers
  • Unlike other carriers who only offer it for the first two or three years, Travelers’ new car replacement covers the first five years.
  • Travelers offers accident forgiveness.
  • Offers ridesharing insurance.
  • Discounts on hybrids and electric vehicles.
Mercury
  • Offers low rates and excellent coverage for homeowners, condo, renters, umbrella, auto, mechanical breakdown, business auto and business insurance in 13 states.

Cons

Travelers
  • Prices tend to be high.
Mercury
  • Mercury Insurance is only available in 13 states.
  • Not all discounts are available in all 13 states.

Travelers or Mercury Mobile Apps Options

The Travelers Mobile app is available for iOS and Android. This award-winning mobile app can help manage insurance and banking accounts, request roadside service, file and track claims and pay bills.

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.

Travelers Mobile App
iOS     2.715K user reviews
Android     3.316K user reviews
Mercury Mobile App
iOSN/ANot Available
Android     2.7200 user reviews

Travelers & Mercury Contact Info

Travelers Contact Info
Address485 Lexington Ave New York, NY 10017
Phone1-800-328-2189
Websitehttps://www.travelers.com
Facebookhttps://www.facebook.com/travelers
Twitterhttps://twitter.com/travelersinsurance
Youtubehttps://www.youtube.com/user/travelersinsurance
Linkedinhttps://www.linkedin.com/company/travelers
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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