What kind of rating does Mercury Insurance have?
Mercury Insurance is an average insurance company, earning a 2.8/5 rating from WalletHub and solid ratings from organizations like J.D. Power and the Better Business Bureau (BBB).
What is the most reliable automobile insurance?
What’s the most reliable car insurance? According to our research, USAA, Geico, State Farm, Progressive and Travelers are the most reliable car insurance companies in the industry. Each rated highly in our research for reputation, cost, coverage and customer experience.
Is Mercury good at paying claims?
Mercury received an A (Excellent) rating for financial strength from AM Best. However, the company received higher than average complaints, according to the NAIC index, and scored below the industry average in the J.D. Power U.S. Auto Claims Satisfaction Study in 2020, the most recent year that Mercury was ranked.
Is Mercury a good company?
Mercury is a pretty good insurance company. Mercury’s auto insurance policies are available to drivers of all types, including people with little driving experience or less-than-perfect driving records. The company also offers 24/7 roadside assistance and an extra mechanical protection coverage option.
What is the most reliable automobile insurance?
What’s the most reliable car insurance? According to our research, USAA, Geico, State Farm, Progressive and Travelers are the most reliable car insurance companies in the industry. Each rated highly in our research for reputation, cost, coverage and customer experience.
Is Mercury Insurance A rated?
When it comes to Mercury Insurance’s financial stability, AM Best—a third-party credit rating agency for the insurance agency—gave the insurer a Financial Strength Rating of “A” (Excellent). 5 A high AM Best rating can offer peace of mind that an insurer is financially sound and able to pay out claims.
Who is Mercury Insurance owned by?
Mercury is owned by its shareholders, as it is a publicly traded company. The biggest shareholders are The Vanguard Group, BlackRock, and Renaissance Technologies which have a combined ownership stake of almost 10%, according to public records, as of Q1 2020. Mercury was founded in 1961.
What is the highest insurance rating?
For example, A.M. Best’s highest insurance company credit rating is A++, meaning superior,2 while Fitch’s is AAA for exceptionally strong, Moody’s is Aaa for the highest quality, and Standard & Poor’s is AAA for extremely strong.
What insurance company has the most complaints?
Geico customers were most likely to complain about claims (53.6%), while Chubb customers were the least (38.6%). Nationwide had the most favorable Complaint Index rating for auto insurance, while Chubb did best for home insurance.
Which insurance company has the highest customer satisfaction?
USAA came out on top of the Zebra’s Customer Satisfaction Survey, topping five of the six categories. State Farm Insurance came in second place overall with a score of 4.4. GEICO rounded out the top three insurance companies with an overall score of 4.4.