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. Plus, Mercury rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto.
Average Monthly Rates for Mercury vs. Top Competitors
Company | Minimum Coverage | Full Coverage |
Mercury | $86 per month | $280 per month |
State Farm | $86 per month | $293 per month |
Progressive | $86 per month | $337 per month |
Note: Premiums are representative of a 45-year-old good driver in CA; individual premiums will vary.
Your final premium is based on a variety of factors, though, such as your driving record, insurance history, and more. Every insurance company determines their rates differently, so even though Mercury is among the cheapest car insurance companies, the only way to confirm you've found the lowest price is to compare quotes from multiple companies.
To learn more, check out WalletHub's review of Mercury and see Mercury's full profile.
This answer was first published on 06/13/23 and it was last updated on 01/26/24. 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
Mercury is so cheap because the company offers a wide variety of discounts that almost anyone can get.
Why is mercury valuable? ›
Although many liquids could be used in pressure measuring devices, mercury is used because its high density requires less space. It is also a good conductor of electricity, so it is a useful component of electrical switches. Mercury is also used in dental fillings, paints, soaps, batteries, and fluorescent lighting.
Is it legal to buy mercury? ›
In the United States, the ownership and usage of mercury are regulated under the Toxic Substances Control Act (TSCA). This act prohibits the export of elemental mercury from the country and mandates reporting by entities involved in the manufacturing or importation of mercury or mercury-added products.
Is mercury cheaper than gold? ›
Why is mercury (Hg) cheaper (more abundant) on Earth than gold, if there are fewer heavier elements in the universe? But the price difference is mind boggling. You need more than 5 kilos of mercury to buy a gram of gold.
What's special about mercury? ›
Despite its proximity to the Sun, Mercury is not the hottest planet in our solar system— that title belongs to nearby Venus, thanks to its dense atmosphere. But Mercury is the fastest planet, zipping around the Sun every 88 Earth days. Mercury is appropriately named for the swiftest of the ancient Roman gods.
Why is mercury the weakest metal? ›
Mercury has a unique electron configuration which strongly resists removal of an electron, making it behave similarly to noble gas elements. As a result, mercury forms weak bonds and is a liquid at room temperature.
Is mercury rare to find? ›
Mercury is an extremely rare element in Earth's crust, having an average crustal abundance by mass of only 0.08 parts per million (ppm).
Is mercury more rare than gold? ›
15 elements on earth are rarer than gold
In nature, thalium, uranium, plutonium, bismuth, polonium, astatine, radon, francium, radium, actinium, thorium, protactinium, neptunium, lead and mercury occur even more rarely than gold.
How precious is mercury? ›
Is mercury a precious metal? No, but if you invest in precious metals, there are things about mercury you should understand.
Can mercury be a weapon? ›
Mercury is liquid at room temperature. Hardly a good projectile. And with a 356.7°C boiling point, it's likely that it would vaporize when fired. On top of that, mercury is highly toxic (in contrast to depleted uranium, steel, lead, etc which are all much more inert, in no small part because they're solid).
Samuel T. Cohen, the "father of the neutron bomb", claimed for a long time that red mercury is a powerful explosive-like chemical known as a ballotechnic. The energy released during its reaction is allegedly enough to directly compress the secondary without the need for a fission primary in a thermonuclear weapon.
What is illegal mercury used for? ›
Mercury compounds have been used in products such as fungicides, antiseptics, and disinfectants. Some traditional medicines and skin lighteners can contain high levels of mercury. Mercury is now banned for use in most consumer products, but mercury-containing light bulbs are still available.
Can mercury turn gold? ›
Ordinary mercury contains seven isotopes: Hg-196, Hg-198, Hg-199, Hg-200, Hg-201, Hg-202 and Hg-204. When it absorbs a neutron, Hg-196 becomes Hg-197. Hg-197 decays into gold.
Does mercury turn gold silver? ›
Gold forms an amalgam with mercury. It doesn't become silver, the element. It also doesn't react as it is almost inert.
What will happen if mercury falls on gold? ›
Freddie mercury may have had the golden voice, but real mercury, that endlessly entertaining and dangerous liquid metal, has the golden touch. That is, if it touches gold it will immediately break the lattice bonds of the precious metal and form an alloy in a process known as amalgamation.
Why is mercury banned? ›
Mercury is a chemical that is highly toxic to humans and the environment. When it is released into the environment, it enters the food chain where it accumulates mainly in fish. Exposure to high levels of mercury can cause harm to the brain, lungs, kidneys and immune system.
Why is mercury free? ›
Mercury is toxic. Using it in fillings is an unsafe practice that should end. It can have effects on the immune, urinary, cardiac, respiratory and digestive systems. Mercury can easily vaporize at room temperature and is odorless, tasteless and colorless.
Why is mercury unfit for life? ›
Mercury is not generally considered to be likely to be a planet with life. It is too close to the Sun, extremely hot and dry, and has very little atmosphere. Venus is equally inhospitable which is surprising given that it would seem to have a lot in common with Earth.
What is mercury worth today? ›
The price of converting 1 Liquid Mercury (MERC) to USD is $0.01231 today.
