Mercury Insurance slashes rates for N.J. homeowners

Mercury Insurance slashes rates for N.J. homeowners | Insurance Business America

Mercury Insurance slashes rates for N.J. homeowners

Mercury Insurance has announced that it is reducing its homeowners’ insurance rates for New Jersey residents by an average of 5.2%. When combined with a Mercury auto policy, the rate is reduced by an average of 8.2%.

The reduction applies immediately to new customers and will to policy renewals beginning August 14, the company said.

“We’re happy to help put money back in our New Jersey customers’ pockets,” said Sarah Wang, Mercury New Jersey product manager. “We’re also focusing on helping New Jersey homeowners receive deeper discounts for bundled policies and increasing homeowners insurance coverage for coastal residents. Mercury insurance is voluntarily reducing its rates to help consumers because we believe affordable insurance should be available for everyone.”

Mercury operates through a network of 485 independent insurance agencies in New Jersey. Homeowners can obtain a quote through the company’s website.

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“There are even more ways to save money,” Wang said. “The rate reduction can be combined with other discounts like bundling home and auto insurance policies to receive up to 16% in additional savings.”

Mercury Insurance is a multi-line insurance company predominantly offering personal auto, homeowners and commercial insurance through a network of independent agents. The company offers coverage in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Texas and Virginia.