Who Owns Mercury Insurance? (2024)

FAQs

Who owns the Mercury insurance company? ›

The “of California“, was deleted from the name on December 27, 1973. The Company is a wholly-owned subsidiary of Mercury Casualty Company (MCC). MCC in turn, is a wholly-owned subsidiary of Mercury General Corporation (MGC), a publicly traded insurance holding company.

George Joseph (born September 11, 1921) is an American billionaire businessman who founded the general-line insurance firm Mercury General Corporation in Los Angeles.

Also we consistently earn “A” ratings from A.M. Best, one of the insurance industry's most trusted rating agencies that reports on insurers' financial stability.

Mercury earned 4 stars out of 5 for overall performance. NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings.

Mercury was a brand of mid-priced automobiles produced by American manufacturer Ford Motor Company between 1938 and 2011 with 1939 being the first model year. It stood as its own line within Ford until 1945, and thereafter formed half of Ford's Lincoln-Mercury Division.

Mercury is so cheap because the company offers a wide variety of discounts that almost anyone can get. A minimum coverage policy from Mercury costs an average of $86 per month, and Mercury premiums can be made even cheaper by taking advantage of discounts such as paid-in-full discount and anti-theft device discount.

Los Angeles, CA

Mercury General Corporation / Headquarters

Founded in 1961 and located in Los Angeles, Mercury has assets of over $4 billion, employs 4,500 people, and more than 8,000 independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia.

Company Overview

Mercury General Corporation (NYSE: MCY) is the leading independent agency writer of automobile and home insurance in California, and is also ranked as the sixth largest private passenger automobile insurer in California overall with total assets of more than $7.1+ billion.

//BestWire// - AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a” (Excellent) for the members of Mercury Casualty Group (Mercury).

What insurance company is most reliable? ›

Mercury homeowners insurance earned 4 stars out of 5 for overall performance. Mercury is one of the biggest home insurers in California, but it also sells homeowners policies in several other states such as Texas, Virginia and New York.

With an overall score of 4.2/5 in 2024, Mercury is an above-average insurance company. Read more about Mercury's reviews, complaints and prices before you buy.

All Mercury is Toxic

Depending on the type and amount, exposures to mercury can damage the nervous system, kidneys, liver and immune system. Breathing mercury vapors can harm the nervous system, lungs and kidneys. Mercury vapors can pass easily from the lungs to the bloodstream.

Ford completely phased out the Mercury brand in 2011, as the company refocused its marketing and engineering efforts solely on the Ford and Lincoln brands.

Mercury homeowners insurance earned 4 stars out of 5 for overall performance. Mercury is one of the biggest home insurers in California, but it also sells homeowners policies in several other states such as Texas, Virginia and New York.

Mercury's common stock begins trading on the New York Stock Exchange (NYSE: MCY). Mercury General Corporate added to the New York Stock Exchange (ticker symbol: MCY).

Mercury Insurance sells insurance products through a network of local, independent agents in the state it covers, namely Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia.