Branch Rolls Out Innovative Discount Program and Lowers Auto Rates in Missouri
COLUMBUS, Ohio, June 18, 2020 /PRNewswire/ -- Insurtech startup Branch announced it has launched the My Community Discount program in Missouri, in addition to lowering auto rates statewide by approximately 20%. The program enables clients to save on their insurance premiums by inviting friends and family to quote with and join the Branch community.
The My Community Discount program allows clients to invite friends to quote with Branch through a personalized link. When friends quote, both clients and friends receive Amazon gift cards and when a friend joins the Branch community, clients and their friends receive premium discounts up to 50% off their insurance.
"Branch is built on the idea that insurance should be less expensive and the innovative My Community Discount allows Branch's clients – its Community – to hang onto their hard earned dollars rather than spend it on premiums that support insurance company advertising," said Cofounder and CEO Steve Lekas. "It's another way Branch uses technology and community to help our clients save."
By harnessing the power of community, Branch is dedicated to giving their clients the tools they need to continually lower their own prices, saving clients an average of $517 per year. Branch is currently available in five states (AZ, IL, MO, OH and TX) with plans to nationally expand in the coming years. To learn more about Branch and its programs visit https://www.ourbranch.com/.
About Branch
Branch was founded in 2018 by insurance veteran Steve Lekas and tech entrepreneur Joe Emison. Branch taps into the power of community to make insurance accessible and affordable for everyone, utilizing innovative technology makes it easier than ever to save money by bundling Home and Auto Insurance in seconds. Branch Insurance has launched in five states (AZ, IL, MO, OH and TX) and is underwritten by General Security National Insurance Company (GSNIC) an AM Best A+ Financial Rated insurance company and is headquartered in Columbus, Ohio.
About SafetyNest®
SafetyNest is a pending 501(c)(3) nonprofit entity, designed and funded exclusively by Branch Financial, Inc. to provide assistance to those who are un- or underinsured and suffered a loss. For more information about SafetyNest, visit safetynest.ourbranch.com or contact us at [email protected].
SOURCE Branch Insurance
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