Mercury Insurance Cuts Calif. Auto Rates About 10%

December 9, 2010

Mercury Insurance announced a $72-million rate reduction for California drivers that includes a rate decrease that could reach up to 10% or more, a new group affiliation discount for university alumni, and the inclusion of 24-hour roadside assistance for auto policyholders with comprehensive and collision coverage.

The announcement follows the approval of Mercury’s rate reduction request by the California Department of Insurance. Mercury currently insures nearly 2 million California vehicles. Under the newly approved rates, which go into effect on December 15, Mercury’s auto policyholders and new customers in California will save an average of about $36 per vehicle for a total of more than $72 million. Members of any university alumni association can receive further discounts by notifying their agents of their memberships.

Mercury Insurance is a multiple-line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent agents and brokers in California, Florida, New Jersey, Texas, Arizona, New York, Georgia, Oklahoma, Illinois, Michigan, Nevada, Virginia and Pennsylvania.

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