Bodily Injury Costs Increase in Nevada, According to Mercury Insurance

Rhea-AI Summary

Mercury Insurance (NYSE: MCY) has launched an enhanced personal umbrella insurance policy in Nevada, marking its eighth state rollout. The new policy addresses the significant 35% increase in average liability claim amounts since the pandemic began. This expanded coverage offers protection starting at just over $1 per day, providing additional security beyond traditional auto and home insurance policies.

The enhanced umbrella policy features include multi-policy discounts, a 5% discount for accident-free drivers, and liability coverage options ranging from $1 million to $2 million. Mercury aims to protect Nevadans against rising bodily injury costs from incidents such as multi-vehicle crashes, dog bites, and property-related injuries.

Positive

• New umbrella policy offers up to $2 million in liability coverage
• Multi-policy discounts available across auto, homeowners and umbrella policies
• 5% discount offered for 3-year accident and violation-free drivers
• Affordable coverage starting at just over $1 per day

Negative

• 35% increase in average liability claim amounts since pandemic
• Rising trend of liability injury claims exceeding traditional policy limits

Mercury's New Umbrella Insurance Better Protects Nevadans' Personal Wealth Against Bodily Injury Claims

LOS ANGELES, Sept. 26, 2025 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Nevadans' personal financial health at risk. In fact, bodily injury payouts continue to climb year over year since the pandemic started, with the average amount for a liability claim increasing by 35% according to Mercury Insurance (NYSE: MCY). 

The recent trend of rising liability injury claims for home and auto owners that exceed traditional policy limits has moved Mercury to unveil an all-new personal umbrella insurance policy for Nevadans that offers extra protection with bolstered coverages beginning at just over $1 a day.

Per Forbes Magazine, an umbrella insurance policy can be an excellent addition to your insurance portfolio if you need liability coverage that goes beyond what your base car insurance or home insurance policies provide. Umbrella insurance is a good way to cover your net worth if you were to get hit with a lawsuit.

The state of Nevada is the eighth launch of this expanded insurance product for Mercury Insurance, after California, Texas, Oklahoma, Illinois, Arizona, Georgia and Florida. You can learn more about this unique coverage at Mercury Umbrella Insurance.

"Unexpected accidents are becoming more costly for Nevadans, which puts them at risk of having to pay out of pocket," said Nick Colby, Vice President and Chief Sales Officer at Mercury Insurance. "Mercury has redesigned its umbrella insurance to give Nevadans an extra layer of protection beyond a traditional auto or home policy. It's an affordable safety net that protects you from these expensive accidents and litigious lawyers looking for a big payday." 

A cautionary tale for all is that of a Mercury policyholder who had kept the same limits and coverages since college, even though his personal wealth had increased significantly. The policyholder, who later became a doctor, never thought about umbrella coverage until he hit a moped with his automobile, severely injuring the rider. The rider subsequently engaged a lawyer and the Mercury insured ended up having to pay out of pocket for damages that were well beyond his auto policy limit of $25,000. 

"He had payments deducted from his salary for a number of years until the settlement was paid off," Colby said. 

Key features of Mercury's significantly updated umbrella product include: 

• Multi-policy Discounts: Mercury policyholders can save big with multi-policy discounts across their auto, homeowners and umbrella policies.
  
  
• 3-year Accident and Violation Free Discount: A 5% discount is given to all drivers on the Mercury policy with no losses or accidents during the last three years.
  
  
• Increased Liability: Policyholders can increase their liability coverage from $1 million to $2 million, depending upon policyholders' coverage needs.

"We consider Mercury's umbrella policy the 'Goldilocks' of coverage because it offers a very specific amount of extra protection that fits customers' needs, which is really important for anyone who wants to safeguard their future against unexpected expenses and legal liabilities," Colby stated. 

About Mercury Insurance 

Mercury Insurance (NYSE: MCY) is a multiple-line insurance carrier predominantly offering personal auto, homeowners, renters and commercial insurance through a network of independent agents in Arizona, California, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia, as well as auto insurance in Florida. Mercury writes other lines of insurance in various states, including commercial, business owners and business auto, landlord, home-sharing, ride-hailing and mechanical protection insurance.

Since 1962, Mercury has provided customers with tremendous value for their insurance dollar by pairing ultra-competitive rates with excellent customer service, through more than 4,200 employees and a network of more than 6,340 independent agents in 11 states. Mercury has earned an "A" rating from A.M. Best, as well as "Best Auto Insurance Company" designations from Forbes and Insure.com. For more information visit www.MercuryInsurance.com or follow the company on X, Instagram or Facebook.

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SOURCE Mercury Insurance

FAQ

What is the average increase in liability claims for Mercury Insurance (MCY) since the pandemic?

Mercury Insurance reports a 35% increase in average liability claim amounts since the pandemic began.

What coverage limits does Mercury's new umbrella insurance policy in Nevada offer?

The new umbrella policy offers liability coverage ranging from $1 million to $2 million, depending on policyholder needs.

What discounts are available with Mercury Insurance's new umbrella policy in Nevada?

The policy offers multi-policy discounts across auto, homeowners and umbrella policies, plus a 5% discount for drivers with no losses or accidents in the past three years.

How much does Mercury Insurance's new umbrella policy cost in Nevada?

The new umbrella insurance policy starts at just over $1 per day for Nevada residents.

In which states does Mercury Insurance (MCY) offer their new umbrella insurance policy?

The policy is now available in eight states: Nevada, California, Texas, Oklahoma, Illinois, Arizona, Georgia, and Florida.