Mercury General Corp Introduces New Homeowners Insurance Plan with Proposed 6.9% Rate Increase in California

Mercury General Corp has introduced a new homeowners insurance plan for high-risk wildfire areas in California, with a proposed average rate increase of 6.9%. The plan offers more comprehensive coverage and potential discounts for risk mitigation efforts. This move aims to expand insurance options in California and reinforce Mercury's presence in the state. However, the rate increase may impact policyholders, especially in high-risk areas.