To cancel Mercury insurance, the policyholder notify their agent directly by calling, mailing, or meeting in person. You will need to provide basic information about yourself, your Mercury policy number, and the date you would like your policy to end. Mercury may also ask for the details of your new car insurance policy to verify you won't be driving without insurance. If you've already paid your premium for the policy period in full, Mercury will refund the unused portion, minus any cancellation fees.
- Cancel by phone by calling your agent directly at the phone number listed on the back of your insurance card
- Cancel by mail by writing a letter that includes your name, policy number, and the date you want your policy to end. Sign, date, and mail your letter to: Mercury Insurance / 555 W Imperial Hwy / Brea, CA 92821-4802
- Cancel in person by visiting your nearest Mecury Insurance office and speaking with an agent
- Pay the cancellation fee. Mercury charges a cancellation fee of 10% of your remaining premium, so if you still owe $300 on your policy, you'll pay a $30 penalty fee to cancel coverage.
It's important to remember that you don't need to cancel your policy just because you're going through some life changes. For example, you should have Mercury update your mailing address or vehicle information if you're moving or buying a new car.
In addition, if you're canceling your current policy in order to switch to another company, be sure to activate your new policy before canceling the old one. This prevents a lapse in coverage, which would lead to higher premiums in the future.
To learn more, check out reviews and other information about Mercury on WalletHub.
This answer was first published on 05/12/23 and it was last updated on 01/09/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
No, you cannot cancel your Mercury insurance policy online because Mercury requires all policies to be canceled over the phone (to call them at 1-800-956-3728). Mercury insurance policies can be canceled at any time, with a possible cancellation fee, depending on your state.
Can I cancel my insurance policy any time? ›
Most providers allow policyholders to cancel their policies at any time. However, some may impose a waiting period before the cancellation goes into effect. This period could be as long as 30 days or more and is intended to prevent insurance gaps for drivers and loss of premiums for insurance companies.
Why is Mercury insurance so cheap? ›
Mercury is so cheap because the company offers a wide variety of discounts that almost anyone can get. A minimum coverage policy from Mercury costs an average of $86 per month, and Mercury premiums can be made even cheaper by taking advantage of discounts such as paid-in-full discount and anti-theft device discount.
Is Mercury a good car insurance? ›
Mercury Insurance is recognized by its customers and industry as being one of the best insurance companies in the country. If you want affordable coverage without compromising quality, look no further than Mercury Insurance.
How do I cancel my Mercury subscription? ›
How do I cancel, change or upgrade my subscription? If you wish to cancel or change your current subscription offer, you can do this by calling 1300 MY NEWS (1300 696 397).
Can we cancel insurance policy online? ›
Steps on how to cancel a health insurance policy
Inform the support team of your health insurer of your desire to end the health insurance policy. Send your insurer a written policy cancellation request either online or offline. The written request must contain your policy details and the reason for cancellation.
Are you penalized for canceling insurance? ›
Generally, insurers will refund you the money for the unused portion of your policy, assuming you paid in advance. However, depending on your state, and when you cancel, your insurer may charge a cancellation fee.
How much does it cost to cancel insurance policy? ›
You should get a refund of any premiums you have already paid. However, your insurer may take off a small amount to cover days when the policy was in force. They may also charge you a small administration fee. Some insurers may give you a longer cooling-off period.
Do I need to cancel insurance before switching? ›
When switching insurers, one of the most important things to remember is to have your new car insurance in place before canceling your current one. You don't want to risk a gap in coverage.
Is mercury cheaper than Geico? ›
GEICO offers cheaper car insurance rates than Mercury on average for various coverage options. However, your premiums will ultimately depend on your location, ZIP code, age, motor vehicle type, driving history, credit score, and the discounts you qualify for.
Progressive usually offers lower rates than Mercury. Progressive offers full coverage insurance for an average of $1,998 per year and Mercury provides full coverage for $2,314 annually. The cost of state minimum coverage from Progressive is $549 per year and Mercury offers state minimum coverage for $607 annually.
What insurance company is better than Mercury? ›
State Farm, Geico, and Progressive are better than Mercury, based on factors like average premiums, number of discounts available, and customer service record. Of the 10 largest car insurance companies, only Geico, USAA and Travelers are cheaper than Mercury, on average.
Is there a cancellation fee for Mercury Insurance? ›
Mercury charges a cancellation fee of 10% of your remaining premium, so if you still owe $300 on your policy, you'll pay a $30 penalty fee to cancel coverage.
Can you trust Mercury? ›
Mercury checking and savings deposits are FDIC-insured up to $5M 2 through our partner banks and use of sweep networks. As a broader effort, we are working on expanding all coverage even further. You can learn more about FDIC insurance here.
Does Mercury Insurance give discount for Costco members? ›
Costco/Sam's Club Members - A reduction in BI, PD, UMBI, Medical, Comprehensive and Collision premiums is available if the insured is a member of Costco or Sam's Club. Pilots - A reduction in BI, PD, UMBI, Medical, Comprehensive and Collision premiums is available if the insured is a pilot.
How do I cancel my Mercury order? ›
Click the Orders button at the top of the window. Double-click the order you wish to cancel. On the toolbar near the top, click Set Order Status, and choose Cancel. In the window that appears, provide an explanation or reason for cancelling the order in the Notes section.
How do I cancel my Mercury recurring payment? ›
Under Payments, click on the Scheduled tab. Select the payment you want to cancel and click on the trash icon. You'll be able to review details of the scheduled payment and confirm you want to cancel.
How do I cancel Mercury News Online? ›
You may cancel at any time by calling Subscriber Services at 408-508-5554 or by selecting "Cancel Subscription" in your account settings. The cancellation goes into effect at the start of your following billing cycle. Get more out of your new subscription by signing up for a newsletter.
Can you cancel health insurance and get a refund? ›
If you paid in full for a one-year individual policy and want to cancel it before it ends, ask your health insurance company if they can reimburse your remaining monthly premium payments. Many companies will issue a refund for the period of time left on your policy.
