Does Mercury Offer Liability Insurance?
Mercury sells various insurance products that include liability coverage. Here’s a look at what it covers and what it can cost.
Written by Melanie Krieps Mergen
Reviewed by Kathleen Flear
Table of Contents
- Does Mercury offer liability insurance?
- Do you need more than liability insurance?
- Cost of Mercury liability insurance
- The bottom line
- FAQs
Load full table of contents
Mercury sells various insurance products that include liability coverage, like homeowners insurance, renters insurance, and umbrella insurance. When it comes to car insurance, liability-only car insurance coverage can cost $500 to $600 annually.
Liability insurance
is the foundational aspect of most insurance policies—and that includes car insurance
. If you’re considering a policy from Mercury, here’s a look at what it covers, how much it can cost, and how you can keep your auto insurance rates as low as possible.RECOMMENDED
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Does Mercury offer liability insurance?
Yes, Mercury offers liability coverage on myriad policy types, like
renters
, homeowners
, business owners, and umbrella insurance. For the purposes of this article, we’ll be focusing on liability coverage for auto insurance.When it comes to car insurance, your liability coverage from Mercury will come in two different forms:
- Bodily injury liability insurance:Bodily injury (BI) coveragecovers costs for others’ injuries (but not your own) up to your policy’s limit if you were found at fault for an accident. That might include costs like medical bills, pain and suffering, or lost wages.
- Property damage liability insurance:Property damage (PD) coveragecovers costs for damages to others’ property if you’re at fault in an accident. This includes repair costs for other drivers’ vehicles as well as other property that might’ve been damaged, like a mangled fence.
If you currently have a car insurance policy with Mercury, you can review your policy details for any exclusions that might apply to your liability coverage.
The majority of states in the United States require drivers to have both BI and PD liability coverage. One exception to this is
Florida
, which only requires PD liability insurance by law. Additionally, New Hampshire
and Virginia
don’t require liability insurance for drivers at all.For states that require liability insurance, your coverage limit will need to meet the legal minimums. However, more serious accidents can easily exceed these minimum limits, leaving you woefully undercovered. The Insurance Information Institute (III) and other insurance experts often recommend drivers have a policy with at least:
- $100,000 BI coverage per person
- $300,000 BI coverage per accident
- $50,000 PD per accident
Do you need more than liability insurance?
Whether you need more than liability coverage on your car insurance policy will largely depend on:
- What you drive
- Your state’s minimum insurance requirements
- What you can afford
While some states, like
California
and Texas
, only require liability insurance by law, others, like New York
and Missouri
, may have additional coverage requirements, like uninsured/underinsured motorist coverage
, personal injury protection (PIP)
, or medical payments coverage
. If you’re unsure about your own state’s requirements, you can find them out by checking our list of
car insurance requirements by state
.But beyond what’s legally required, it’s often a good idea to have additional car insurance coverage types in place, as the wrong kinds of insurance gaps run the risk of putting you in a financially disastrous situation.
Here are some examples of circumstances that make additional car insurance coverage worth considering:
- You’re leasing or financing your car. It’s common for car loan and lease agreements to require drivers to carrycollision coverageandcomprehensive coverage—often referred to together as “full coverage”—for the duration of that loan or lease term.
- You have unique risk factors. Your own day-to-day circumstances will have a big impact on what kinds of insurance you should have in place to protect your car and your wallet—such as if you live in an area with high theft or accident rates, you own a newer or high-value vehicle, or you work for a rideshare company.
- You and/or your regular passengers don’t have health insurance. Coverage options, like MedPay and PIP, can help cover medical payments if you and your passengers are injured in an accident. This could come as a huge relief if you don’t have health insurance or if you have a high deductible that would be difficult for you to pay out of pocket.
Cost of Mercury liability insurance
Liability-only insurance is the cheapest form of car insurance you can buy since you’re not paying for additional coverage types. Mercury car insurance costs, on average, can range from $500 to $600 per year for a policy with minimum liability coverage, which is right around the national average.
But how much a Mercury car insurance policy will cost you can depend on a number of different factors—like the type of vehicle you drive, your location, your age, the coverage limits you choose, your
credit score
, your driving history, and whether you add additional coverage types.For comparison, here’s what average costs can look like for liability-only coverage from other providers.
Insurance company | Average annual cost of minimum coverage | Average monthly cost of minimum coverage |
|---|---|---|
$558 | $47 | |
$365 | $30 | |
$549 | $46 | |
$542 | $45 |
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To find the best deal on your liability car insurance coverage, gather quotes from at least several different providers and compare your options—and look into what
car insurance discounts
you could qualify for as well!The bottom line
Having liability coverage on your car insurance policy from Mercury can help cover costs for others’ damages and injuries if you were found at fault in an accident. This could be a relief amid an already stressful situation. Mercury also offers liability coverage for other types of insurance policies, like renters, homeowners, and umbrella insurance.
To find out whether Mercury’s liability insurance is the best option for you, find and
compare quotes
from other insurance providers, as every insurance company uses a different formula to determine car insurance rates
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FAQs
What is the difference between liability and full-coverage insurance?
Liability coverage on a car insurance policy can help cover the costs of others’ damages or injuries after a car accident if you were found at fault.
When people reference “full coverage,” they’re often referring to a policy that additionally includes both collision and comprehensive coverage, which help cover repair costs for your own vehicle, after a range of incidents, from collisions to theft to natural disasters.
Is liability insurance required by law?
Nearly every state in the United States requires drivers to carry a minimum amount of liability insurance—but it’s still available for purchase, even when it’s not required by state law (such as in New Hampshire or Virginia).
Does liability insurance have a deductible?
Some types of car insurance claims, like those filed under collision or comprehensive coverage, come with deductibles, but liability car insurance does not.
Does Mercury provide proof of insurance?
Yes. You can receive your Mercury insurance ID card by mail, print one from your online account, or download one to your smartphone through the Mercury insurance app.
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