Mercury homeowners insurance rates to reduce in New Jersey and Georgia

Homeowners Insurance Rates - House with keys

NJ property owners will pay 5.2 percent less and those in Georgia will pay 5% less. Mercury Insurance recently announced that it would be dropping the homeowners insurance rates paid in New Jersey and Georgia. The insurer pointed out that the biggest reductions were for people combining with auto policies. The insurer announced that in New Jersey, homeowners insurance rates would be falling by an average of 5.2 percent and those in Georgia would drop by an average of 5 percent. That said, deeper reductions will be seen by those…

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Why are Washington homeowner’s paying higher premiums every year?

The Insurance Research Council has released a new study today, whose findings show that the cost of homeowners insurance in Washington has raised. The IRC study investigated the influence the Insurance Fair Conduct Act had on the market. The study compares the frequency of claims and trends in losses for Washington and four other states that have similar laws. Given the information, the study finds that the cost of insurance has gone up over two years, reaching the $190 million mark. “The facts are in and the bottom line is…

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