Mercury Car Insurance Claims

Mercury Insurance Group offers all the basic motor vehicle insurance coverages–bodily injury and property damage liability, comprehensive, collision, uninsured and underinsured motorist, personal injury protection and coverage for medical expenses. Optional extras such as rental vehicle and tow service are offered, as is mechanical breakdown coverage for both in warranty and out-of-warranty vehicles. Mercury Insurance markets this option with no limits to the number of claims policy holders are able to make. Another option is that of umbrella coverage, which provides extra protection against out of pocket expenses.

Mercury Inusrance offers policies to customers who may have special or unique requirements for their vehicle insurance, and are able to customize plans for anyone. It specializes in casualty insurance policies for company vehicles which are tailor made for commercial enterprises and corporations which own multiple vehicles used in their day to day operations. This division of the company has earned an A+ rating from AM Best.

Mercury calculates premiums based on various factors such as the age of the driver, gender, type of vehicle, driver’s and claims history, safety features fitted to the vehicle and the applicant’s credit score. Mercury claims to offer much lower premiums to the individual and commercial customer as compared to its competitors because of its tight underwriting and claims methods.

In many independent surveys by consumer organisations, it has been shown that Mercury offers the lowest rates in the vehicle insurance market, matched with reliability, an excellent customer service division and financial stability.

Mercury Insurance’s business model for its motor vehicle insurance division is online quoting, with the option of finding an agent online as well, or a telephone follow-up from one of their independent brokers and agents to help finalise the policy.

Mercury also offers homeowner’s insurance.

History of Mercury Insurance

George Joseph founded the Mercury Insurance Group in 1961 as a lower priced alternative to the better known and larger insurance companies operating throughout the US. The company has since this time offered automobile insurance and property insurance. Until 1990 Mercury Insurance only operated in California, but in the 20 years since that time, has since expanded its area of operations. Mercury Insurance Group now offers auto insurance and property insurance in Arizona, Florida, Georgia, Texas, Oklahoma, Pennsylvania, Nevada, New Jersey, New York, Michigan, Illinois and Virginia.

This has given this insurance company one of the fastest growing records as a car insurance company. and the leading independent agency and broker for motor insurance in the United States. The company maintains its headquarters in Los Angeles.

Financial Information About Mercury Insurance

The company’s revenue was reported as $3.09 billion in 2006, with total assets of more than $4 billion. Mercury trades on the New York Stock Exchange under the symbol MCY. It has been rated by the leading ratings company as A+ (AM Best), A+ (Fitch), Aa3 (Moody’s) and AA- (Standard and Poor’s). The company has more than 5,000 employees.