Mercury Insurance explained the firm is decreasing its property owners insurance rates for Pennsylvania residents by an average of 10 %. The Los Angeles-primarily based insurer said the rate reduction would support appeal to much more consumers.
“Mercury is a major author of house owners insurance in numerous states even so, we just began writing this item in Pennsylvania not too long ago,” said Brandt Minnich, vice president of marketing and advertising for Mercury Insurance. “We believe this price reduction will assist us grow this line in Pennsylvania so that it gets to be a main revenue source for the firm in the long term.”
Mercury’s fee reduction applies to all Pennsylvania residents who obtain homeowners coverage, the company mentioned. Mercury operates by way of a ne2rk of far more than 380 independent insurance agents in Pennsylvania. The reduction would apply to new customers instantly and for policy renewals starting April 9, and would conserve Mercury policyholders an regular of almost $ 150 a year, the company mentioned.
Supply: Mercury Insurance coverage