MERCURY INSURANCE SLASHES HOMEOWNERS INSURANCE RATES FOR PENNSYLVANIA

LOS ANGELES, Calif. (April 1, 2014) – Mercury Insurance today announced that its homeowners insurance rates for Pennsylvania residents are being reduced an average of 10 percent. The reduction applies to new customers immediately and policy renewals beginning April 9, and will save Mercury policyholders an average of nearly $150 a year.

“We’re happy to put money back in our Pennsylvania customers’ pockets,” 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 Pennsylvania residents who purchase homeowners coverage. Mercury operates through a network of more than 380 independent insurance agents in Pennsylvania. Homeowners can also go to www.mercuryinsurance.com to find a local agent.

“Homeowners 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 our Auto+Home discount that could save customers up to 12 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 private passenger automobile, commercial automobile and mechanical breakdown protection insurance in Pennsylvania.

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 Arizona, California, Florida, Georgia, Illinois, Michigan, Nevada, New Jersey, New York, Oklahoma, Pennsylvania, Texas and Virginia. Since 1962, Mercury has specialized in offering quality insurance at affordable prices – core values that distinguish Mercury in the marketplace.