Mercury Car Insurance Comparison
Mercury Insurance is sold under the Mercury Insurance Group which is a publicly traded company registered at the New York Stock Exchange. This company, founded by George Joseph, has been around since 1961 and sells different kinds of insurance including home, business, and auto insurance. In 2012, it was one of Forbes choices of America’s Most Trustworthy Companies. This was a short-lived achievement as Mercury Insurance Group was unable to sustain the momentum in the succeeding years.
Mercury Car Insurance is based in California and majority of its policies are underwritten in this state. Originally, Joseph was targeting low cost insurance to counter the rates of the top heavy hitters in the insurance business. George worked in the insurance industry for several years and knew what was lacking in the market. His strategy was to be stringent on the underwriting and claims processes to keep costs low.
He also began offering insurance to high risk drivers and made use of independent brokers and agencies.
This plan worked and in 1990, Mercury Insurance began to expand to: