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In April 1962, founder George Joseph sold the first Mercury Insurance policy from his small Los Angeles office. Today Mr. Joseph is over 90 years old and still oversees Mercury’s $4 Billion insurance operation. The carrier now offers auto, home, renters, condo, landlord, umbrella, and commercial business products in 11 states: Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia.

Here’s everything you need to know about Mercury Insurance:

What’s protected with Mercury Insurance?

Mercury’s homeowners insurance line grew by 7.5% in 2018 and now accounts for 15% of the carrier’s overall revenue. Last year the insurer booked $479 Million in net home insurance premiums.

Mercury homeowner policies include all the standard protections you would expect:

  • Dwelling
  • Personal Liability
  • Personal Property
  • Extended Replacement Cost
  • Additional Living Expenses
  • Guest Medical
  • Identity Theft (optional)

The carrier also offers unique homeowners coverages that you can add to the standard home policy, including:

  • Home Systems Protection: This covers expensive mechanical failures of critical home systems like electronics, appliances, medical equipment, sump pumps, generators, water heaters, etc.
  • Service Line Protection: This protection kicks in when a homeowner experiences unexpected damage to the underground infrastructure that exists between the outside of the home’s walls and the public city streets.
  • Identity Management Services: For less than $3/month, Mercury will protect, manage, and restore your identity should you become a victim of identity theft.
  • Home Cyber Protection: Mercury will pay to restore/recover data lost during a cyber attack, provide professional assistance to the policyholder, and cover certain online frauds: such as computer attacks, home system attacks, cyber extortion, and online fraud.

Compare home insurance from top carriers

  • Fully digital experience — Fill out all of your insurance forms online, no phone call required!
  • Top-rated carriers — Choose from a mix of highly reputable national and regional home insurance carriers.
  • Data privacy — We don’t sell your information to third parties, and you won’t receive any spam phone calls from us.

Get Insurance Quotes Now

Discounts available with Mercury Insurance

The way to save on a Mercury home policy is by qualifying for these discounts:

  • Bundle Home and Auto Insurance (aka multi-policy discount)
  • Protective Device Discount (smoke alarm, burglar alarm, deadbolt, etc.)
  • New Home Purchase
  • Gated Community
  • Fire-Resistant Construction Materials

Mercury doesn’t have an online quoting tool for home insurance, so you’ll have to speak with one of their independent agents.

Mercury details and reviews

Mercury General Corporation has operated from its headquarters in Los Angeles, California, for more than 55 years. The carrier predominantly sells home and auto insurance via 10,160 independent insurance agents.

Mercury’s automobile coverage for California drivers is their first product and remains their most valuable commodity. Mercury is the state’s top independent agency writer of car insurance, which accounts for around 80% of the insurer’s total premium revenues.

During the company’s many years of writing policies, Mercury has been continuously recognized for their outstanding business practices and financial strengths. For example, Forbes Magazine named Mercury one of “America’s Most Trustworthy Companies.” The carrier shows a strong AM Best Financial Strength Rating (FSR) of A (Excellent).

Filing a claim with Mercury

Mercury policyholders should file a home claim 24/7 by:

  • Calling 800-503-3724
  • Contacting your insurance agent

Information requested by a Mercury claims representative will include

  • Policy number
  • Date and time of loss
  • Location of loss
  • Police report number
  • Name of the police department
  • Description of the damage

In data published by NAIC, Mercury only had four homeowner complaints in 2018, which is promising when you consider the volume of 2018 catastrophe claims processed. Previously, NAIC data tallies put the carrier’s past homeowner complaints as follows: 28 (2017) and 47 (2016).

Mercury’s website shows a 3.8/5.0 star rating from 85 home insurance policyholders. In contrast, Mercury’s booming auto line has a 4.5/5.0 star rating based on 3,067 customer reviews. The company’s auto business is their bread and butter, but we would expect their home to catch up over time.

Where is Mercury Insurance available?

Mercury offers insurance products in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia.

Final thoughts

George Joseph is the king of the California auto insurance market and is now looking to grow Mercury’s homeowner offerings. With Mercury’s stable financials, few complaints, and unique policy endorsements, there’s no doubt they will continue to attract new clients. Mercury home insurance is making a positive name for itself and is an excellent option to explore for anyone shopping for property insurance coverage.

Need home insurance?
The Credible marketplace, which includes insurance services by Young Alfred, makes it easy to find a carrier and policy that’s right for you.

  • Fully online — Fill out all insurance forms online and buy homeowners coverage without ever picking up the phone. If you have any questions, Young Alfred offers 24/7 customer service.
  • Save time, money, and effort — Compare quotes from highly rated home insurance carriers in your area. It’s fast and easy.
  • Data privacy — Your information is kept safe and secure. We don’t sell your information to third parties, and you won’t get any spam phone calls from us.

Get Insurance Quotes Now

Disclaimer: All insurance-related services are offered through Young Alfred.

About the author
Credible Staff
Credible Staff

The goal of the Credible editorial writers and staff is to help our readers get up to speed on issues surrounding student loans, mortgage, and personal finance, so you can make informed decisions. We’re here to help you stay on top of the latest news, trends, concepts, and changes in policy and regulations.

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