In Total, Insurer Announced Launch in Four New States
Another new online insurer has entered Massachusetts. Branch, a full-stack insurance company, announced this month that it officially launched in Massachusetts, in addition to three other states: D.C., Georgia, and Mississippi. In total, the company now has a presence in 36 states, after having launched in 16 new states and D.C. in 2022.
“National availability will allow Branch to forge more embedded partnerships and appoint new independent agencies across the country,” said Branch Co-founder and CEO Steve Lekas. “We’re committed to offering Branch’s seamless experience when and where consumers are shopping: online, when they get a home loan, or with their trusted agent.”
Works with the independent agency channel
Similar to other full-stack insurers, in addition to working with key embedded insurance partnerships like Homepoint and SimpliSafe, the company also works with the independent agency channel and continues to expand its network.
“Expanding our community allows us to better deliver on our mission of making insurance less expensive so more people can be insured,” shared Lekas. “We’re thrilled to be able to bring so many more consumers into the Branch community and deliver a seamless experience and deep savings to our members.”
According to the company, Branch offers the ability to instantly bundle home and auto insurance using data, technology, and automation, allowing it to offer savings to its members of an average of $548 annually. The company says it pioneered bundling home and auto entirely online, requiring consumers to enter just a few pieces of information to see “a purchasable price in seconds”. This frictionless process has enabled Branch to embed its easy-to-buy insurance with mortgage companies, auto lenders, and home security companies to deliver even greater savings.
As Branch continues an impressive growth trajectory across its distribution channels, it maintains a stellar member experience marked by its 4.8 Trustpilot score.
