Mercury Insurance is reducing its rates yet again, with the insurer cutting insurance costs for drivers and homeowners in the state of Georgia.
The insurer announced that both auto and homeowners’ insurance policyholders will see an average rate decrease of 5%. The reduction immediately applies to all new customers beginning June 25 and policy renewals starting August 14.
The reductions will save Mercury policyholders an average of $149 a year on auto insurance and $67 on homeowners insurance, the company said.
According to Sarah Wang, Mercury Insurance product manager, the company is “happy to put money back” in its customers’ pockets. But she noted that the company 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,” Wang added.
The rate reduction in Georgia coincides with Mercury’s other recent premium cut in New Jersey. In March, the company also similarly reduced auto insurance rates in Arizona.
Last week, Mercury expanded the use of its MercuryGO app to drivers in Oklahoma. Users of the app can receive insurance discounts based on how safely they drive.