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CA Mercury Insurance customers get rate cut

December 10, 2010 12:00:00 AM PST
Mercury Insurance said on Thursday that customers in California will be getting a rate reduction. The company said it will cut its rates up to 10 percent for policyholders after state officials approved the reduction request.

Mercury said customers will save an average of about $36 per vehicle. The company insures nearly two million vehicles in the state.

The rates will go into effect on Wednesday.