Mercury Insurance (NYSE: MCY) and Olympus Insurance launched a Florida-statewide bundling program on May 7, 2026. Customers buying both policies through an independent agent receive 10% off Mercury auto premiums and 10% off eligible Olympus homeowners premiums, with combined savings averaging about $693 per year for typical Florida households.
Mercury Insurance (NYSE: MCY) and Olympus Insurance launched a Florida-statewide bundling program on May 7, 2026, giving customers 10% off Mercury auto policies and 10% off eligible Olympus homeowners policies when they buy both through a participating independent agent.
The launch arrives in a state where the typical full-coverage auto policy runs $2,734 per year, according to Insurify projections, and where private homeowners coverage only recently became widely available again after Citizens Property Insurance shed 541,000 policies during 2025.
- Bundle goes live statewide in Florida on May 7, 2026
- 10% off Mercury auto, 10% off eligible Olympus home
- Distribution: Mercury's 6,340+ independent agent network
- Typical Florida household saves about $693 annually on combined premiums
- Backed by SageSure after its January 2, 2026 acquisition of Olympus
How the Mercury-Olympus Bundle Works
Mercury distributes the program through the same independent agent network that already sells Mercury auto policies in Florida. The carrier appoints 6,340+ agents across 11 states, including Arizona, California, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia, with Florida operations limited to auto coverage until this partnership added a Florida homeowners option.
Olympus Insurance handles the homeowners side. Founded in 2007 and based in Florida, Olympus writes policies on roughly 130,000 inforce homes and pulls in about $700 million in annual gross written premium, according to SageSure data published after the January 2026 acquisition closed. SageSure expanded its debt facility with Ares Management to fund the deal.
Eligibility requires both policies to be active and written through a Mercury-appointed agent. The homeowners policy must satisfy Olympus underwriting guidelines for the specific Florida property type, which excludes mobile homes and certain coastal properties outside Olympus's appetite.
What It Means for Florida Drivers
A driver paying Florida's typical $2,734 full-coverage auto premium saves $273 per year through the Mercury auto discount alone. Adding a $4,200 Olympus homeowners policy contributes another $420 in annual savings. Combined yearly savings land near $693 for an average household, with higher-premium customers (coastal homes, multiple vehicles, urban ZIP codes) capturing larger dollar amounts.
NerdWallet's April 2026 analysis pegs Florida's full-coverage auto average even higher at $4,064 per year for a 35-year-old driver with clean records, which would push the auto-side savings to about $406 annually. Drivers in Miami, Tampa, and Orlando typically pay above the state average and would see correspondingly larger savings.
| Bundle Program | Average FL Savings | Discount Structure | Distribution |
|---|---|---|---|
| Mercury + Olympus | ~$693/yr | 10% auto + 10% home | Independent agents |
| State Farm | ~$457/yr | ~10% combined | Captive agents |
| Allstate | Up to $625/yr | Up to 25% | Captive agents |
| Progressive | ~$300/yr | ~5% per policy | Direct + agents |
Source: MoneyGeek 2026 Florida bundle analysis, Mercury Insurance press materials, and carrier published rate filings. Mercury-Olympus savings calculated using Insurify's $2,734 average Florida auto premium and a representative $4,200 Olympus homeowners premium.
"This partnership reflects our deep commitment to growing in Florida and investing in the agents who are growing with us," said Nick Colby, Chief Sales Officer at Mercury Insurance.
Florida's Insurance Market Just Reopened
Florida's homeowners market collapsed between 2020 and 2023 as litigation costs and hurricane losses pushed dozens of carriers out of the state. Citizens Property Insurance, the state-backed insurer of last resort, peaked at 1.4 million policies in late 2023. The legislature passed sweeping tort reform in December 2022 and Senate Bill 7052 in 2023, which capped attorney fee multipliers and tightened claims rules.
Citizens started 2026 with 395,144 policies, down from 936,182 a year earlier and the lowest count since at least 2012, according to Florida Realtors data. Seventeen new insurance companies have entered the Florida market since the reforms passed, the Florida Office of Insurance Regulation reported. Citizens itself filed for an average 8.7% premium decrease beginning Spring 2026.
Mercury sees the opening. For Olympus, the partnership fills a long-standing distribution gap, since the SageSure-backed carrier has lacked a competitive auto pairing for its Florida homeowners book. The combined product competes directly against State Farm and Allstate, the two carriers historically dominant in Florida bundle sales.
"By pairing Mercury's auto expertise with our homeowners products tailored specifically for Florida, we're delivering more complete protection with fewer gaps and greater overall value for consumers," said Adam Cordonnier, Vice President of Revenue and Growth at Olympus Insurance.
The 10% plus 10% bundle discount applies only to policies written through participating Mercury-appointed agents in Florida. Existing Mercury auto customers in Florida need to add an Olympus homeowners policy through a Mercury agent to activate both discounts. Buying directly from Mercury or Olympus online does not qualify.
What You Should Do Now
Check your current renewal dates
Pull both your auto and homeowners declaration pages. Aligning renewal dates within 30 days of each other simplifies the bundle setup with a Mercury agent.
Find a Mercury-appointed agent
Use Mercury's agent locator at MercuryInsurance.com to find appointments in your county. Independent agents typically represent 4 to 8 carriers, so the same agent can cross-quote against State Farm, Allstate, and other Florida bundled options.
Get the full bundle quote
Ask for the Mercury auto plus Olympus home quote with the 10% bundle discount applied. Verify the Olympus premium reflects current Florida hurricane and wind mitigation credits, which can cut homeowners premiums by 30% to 60% on properly retrofit homes.
Compare against existing options
Get competing bundle quotes from State Farm and Allstate before switching. Florida's auto insurance market remains competitive, and a 25% Allstate bundle credit can outperform the 10%+10% Mercury-Olympus structure if Allstate's base rates are competitive in your ZIP code. Our guide to negotiating bundle deals covers what to ask for at renewal.
Looking Ahead
Mercury's 11-state footprint hints at possible expansion of the Olympus pairing to Texas or Arizona, where homeowners markets have hardened in 2025 and 2026. SageSure already manages carriers across 17 states, including Texas, Louisiana, and the Carolinas, which gives Mercury a built-in distribution path if the Florida program performs.
Two markers will signal momentum. Mercury's Q2 2026 earnings call (scheduled for late July) should include Florida new-business commentary tied to the bundle program. SageSure's quarterly Florida policy count, which currently sits near 130,000 across the Olympus and Auros books, will reveal whether bundle pairings drive meaningful new-business growth.
Frequently Asked Questions
The program launched statewide in Florida on May 7, 2026, the same day Mercury and Olympus issued their joint press release. New policies written through participating Mercury-appointed agents qualify immediately.
Yes. Existing Mercury auto policyholders in Florida can capture both discounts by adding an Olympus homeowners policy through a Mercury-appointed agent. Buying Olympus direct or through a non-Mercury agent does not activate the 10% Mercury auto credit.
Olympus writes policies for homes, condos, rental properties, and personal property in Florida. Coverage availability depends on the property's wind mitigation features, distance to coast, and roof age, which Olympus underwriters assess at quote.
Mercury Insurance carries an "A" rating from A.M. Best as of May 2026. The carrier has been in business since 1962 and operates with more than 4,200 employees and a network of 6,340+ independent agents across 11 states.
It depends on base rates in your ZIP code. The 10%+10% Mercury-Olympus structure averages about $693 in annual savings, between State Farm's typical $457 and Allstate's potential $625 on Florida bundles. Get all three quotes before deciding.
- PR Newswire - Mercury Insurance and Olympus Insurance Partner to Expand Auto and Home Bundling in Florida (May 7, 2026)
- SageSure - Completes Acquisition of Mass-Affluent Homeowners Focused Olympus (January 2026)
- Florida Realtors - Citizens Policies Plummet in 2025
- Insurify - Average Cost of Car Insurance in Florida (2026)
- NerdWallet - How Much Is Car Insurance in Florida (April 2026)
- MoneyGeek - Best Home and Auto Bundle Insurance Companies in Florida (2026)
- CollisionWeek - Mercury, Olympus Partner on Bundled Auto-Home Coverage in Florida
- Office of the Governor - DeSantis Announces Major Insurance Rate Relief