MERCURY INSURANCE SLASHES AUTO INSURANCE RATES FOR VIRGINIA DRIVERS

LOS ANGELES, Calif. (February 3, 2014) – Mercury Insurance today announced that its auto insurance rates for Virginia drivers are being reduced an average of 10 percent. The reduction applies to new customers today and policy renewals beginning July 1, and will save Mercury policyholders an average of about $160 a year.

“We’re putting nearly a million dollars back in the pockets of Virginia drivers,” said Robert Houlihan, Mercury vice president and chief product officer. “Mercury Insurance is voluntarily reducing its rates to help consumers because we believe affordable insurance should be available for everyone.”

Mercury’s rate reduction applies to all drivers who get Private Passenger Automobile liability, comprehensive or collision coverages. Mercury operates through a network of 326 independent insurance agents in Virginia. Drivers can also go to www.mercuryinsurance.com to get a quote.

“Drivers may be able to save more than the average percentage we’re reporting based on various rating factors and the amount of coverage they purchase from Mercury,” said Houlihan. “The rate reductions can also be combined with other discounts like good driver, multi-policy and our Auto+Home discount that could save customers up to 10 percent more. The savings add up really fast.” 

Houlihan offers these tips when shopping for auto 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 really help you get the right coverage at the best possible price.
• Shop around to see what’s out there. Your agent can do this for you, or you can do it yourself online.
• Remember, price is only part of the equation. Be sure to select a company with a solid financial background that will be there for you when you need to make a claim. Mercury has been named one of “America’s Most Trustworthy Companies” by Forbes Magazine and has earned A+ ratings from A.M. Best and Fitch, two of the industry’s leading independent rating agencies.

Mercury also offers homeowners insurance and commercial auto insurance in Virginia.

For more information about Mercury Insurance, visit www.mercuryinsurance.com.

ABOUT MERCURY INSURANCE (www.mercuryinsurance.com)

Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile and homeowners insurance through a network of independent agents in Florida, Georgia, California, New Jersey, Arizona, New York, Illinois, Michigan, Nevada, Texas, Oklahoma, Virginia and Pennsylvania.  Since 1962, Mercury has specialized in offering quality insurance at affordable prices – core values that distinguish Mercury in the marketplace.