Mercury Insurance Reduces Rates in Georgia

Rhea-AI Summary

Mercury Insurance (MCY) announced a 5% average rate decrease for both auto and homeowners insurance policyholders in Georgia. The reduction takes effect for new customers on June 25 and for renewals starting August 14. This change could save customers approximately $149 annually on auto and $67 on homeowners insurance. Mercury aims to make insurance more affordable and emphasizes support for coastal homeowners to recover from damages. The company also highlights additional savings through bundling policies and encourages customers to seek advice from local agents.

Positive

• Average 5% rate reduction for auto and homeowners insurance.
• Savings of $149 on auto insurance and $67 on homeowners insurance.
• Focus on aiding coastal homeowners in recovery.
• Additional potential savings through bundling home and auto insurance, up to 14%.

Negative

• None.

LOS ANGELES, June 25, 2021 /PRNewswire/ -- Mercury Insurance announced today that both its auto and homeowners insurance policyholders will see an average rate decrease of 5%. The reduction immediately applies to new customers beginning June 25 and policy renewals beginning August 14, and will save Mercury policyholders an average of $149 a year on auto insurance and $67 on homeowners insurance.

"We're happy to put money back in our Georgia customers' pockets," said Mercury Insurance Georgia Product Manager Sarah Wang. "Mercury Insurance is also focusing on helping coastal Georgia homeowners get the necessary coverage to repair and recover their homes after it's been damaged by covered perils, such as windstorms.

"Mercury Insurance is voluntarily reducing its rates to help consumers because we believe affordable insurance should be available for everyone."

Mercury operates through a network of 639 independent insurance agents in Georgia. Residents can also go to www.mercuryinsurance.com to get an auto or homeowners insurance quote.

"There are even more ways to save money with Mercury," said Wang. "In addition to the rate reduction, bundling home and auto insurance policies could save up to 14% on an auto policy." 

Wang offers these tips when shopping for auto or homeowners insurance:

• Talk to a local Mercury agent. Our agents can help uncover additional savings and tailor a coverage package customized to meet your needs.
• Insurance can be complicated, so it's important to get expert advice from a professional local independent Mercury agent. They know the local area and can help you get the right coverage at the best possible price.
• Shop around to see what's out there. Your agent can help do this for you.
• Remember, price is only part of the equation. Be sure to select a company with a solid insurance shopping experience background that will help you protect your family and property when the unexpected happens. Mercury has earned A ratings from A.M. Best and Fitch, two of the industry's leading independent rating agencies. Reviews and customer testimonials are also important to consider. Mercury is top-ranked for shopping experience, according to the 2021 J.D. Power U.S. Insurance Digital Experience Study.

Mercury also offers insurance for Business Auto, Mechanical Protection, Ride-hailing, Condo, Renters, Home Cyber Protection, Home Systems Protection, Identity Management Services, Service Line Protection and Personal Umbrella in Georgia.

About Mercury Insurance

Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and commercial insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia. Since 1962, Mercury has specialized in offering quality insurance at affordable prices. For more information visit www.mercuryinsurance.com.

 

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SOURCE Mercury Insurance

FAQ

What is the new average rate decrease for Mercury Insurance in Georgia?

Mercury Insurance announced a 5% average rate decrease for both auto and homeowners insurance.

When does the rate reduction for Mercury Insurance take effect?

The reduction takes effect for new customers on June 25 and for policy renewals starting August 14.

How much can policyholders save with the new Mercury Insurance rates?

Customers can save approximately $149 annually on auto insurance and $67 on homeowners insurance.

What support does Mercury Insurance provide for coastal homeowners?

Mercury Insurance focuses on helping coastal homeowners recover from damages caused by covered perils, such as windstorms.

Are there additional savings opportunities with Mercury Insurance?

Yes, bundling home and auto insurance policies can save customers up to 14% on an auto policy.