Mercury Insurance reduces rates in Virginia

Mercury Insurance announced that its auto insurance policyholders in Virginia will see an average rate decrease of 8%, effective April 23 for new customers and June 27 for renewals, which will save policyholders an average of $126 a year.

Additionally, homeowners insurance rates for Virginians are being reduced by an average of 3.5% percent. This reduction immediately applies to new customers beginning April 23 and policy renewals beginning June 12, and will save Mercury policyholders an average of $27 a year.

“We’re happy to put money back in our Virginia customers’ pockets. We’re also focusing on helping coastal Virginia residents get and maintain their insurance coverage, since obtaining the proper amount of protection has been a challenge for those in coastal communities in the past. Mercury Insurance is voluntarily reducing its rates to help consumers because we believe affordable insurance should be available for everyone.” – Sarah Wang, Virginia product manager at Mercury Insurance.

Mercury operates through a network of 488 independent insurance agents in Virginia. 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. “The rate reduction can also be combined with other discounts like bundling home and auto insurance policies, which can allow up to 14% savings on an auto policy and up to 21% savings on a homeowners policy – the savings can add up to a lot of money to help out Virginia residents.”