Branch Auto and Home Insurance Review

Branch is a new company that offers competitive rates on home and auto insurance. It provides coverage for both homeshare and rideshare, but it does not provide a particularly broad range of coverage options.

Branch promotes itself as a "community" organization, offering discounts to customers who refer friends to get quotes and policies. Branch is available in ten states, but General Security National, another insurer, underwrites policies in five of them.

Branch car insurance coverages and discounts

Branch provides standard auto insurance coverages such as liability, comprehensive, and collision, as well as a few other notable safeguards. One that stands out is rideshare coverage, which is not typically included.

When a driver works for Uber or Lyft, the ridesharing company insures them when they provide rides to customers. Branch broadens coverage to include times when you are driving to a pickup and waiting for a passenger. Other services provided by the Branch include:

• Roadside assistance
• Up to $60 per day for a rental car after an accident
• Gap coverage

When you get a quote online, Branch automatically applies discounts. We examined one of the company's rate filings and discovered that the company provides a variety of discounts, including:

• Affinity discounts for members of some organizations
• Multipolicy discount
• My Community discount, for members who invite others to get a quote
• Senior citizens discount
• Smart technology discount
• Three-year safe driving discount
• Five years claims-free discount

We discovered that combining home and auto insurance policies resulted in a 17 percent reduction in the cost of home insurance. It only takes a few clicks to get a quote when you bundle policies.

Branch also provides a telematics program known as Community Drive. Drivers automatically receive a 2% discount for enrolling and can save up to 20% on their annual rates by driving safely.

Branch car insurance quotes

According to LowCostInsurance analysis of quotes from some of the country's largest insurers, Branch's auto insurance rates are slightly lower than the national average. Branch is thus a competitive, but not the cheapest, option in terms of price.

We discovered that a full-coverage policy for a 2008 car in Ohio would cost a sample driver $568 per year. This is less than Geico and Allstate, but more than State Farm and Progressive.

• Branch will not provide you with an online insurance quote unless your name and address match those in the company's database. It can, however, match your vehicles to your address and provide a custom quote without requiring you to enter much information. If your data does not match, you can contact the company by phone.

Branch home insurance coverages

Branch provides all of the standard options for home insurance coverage, as well as a few extras. One notable feature is homeshare coverage, which provides additional protection for those who use programs such as Airbnb and Vrbo.

Branch also provides water backup damage coverage up to $50,000, though the higher limits come with higher deductibles. The following are the home coverage options provided by the company:

• Liability insurance
• Physical structure with progressive coverage
• Emergency living expenses
• Personal property insurance
• Guest medical coverage
• Water backup protection
• Coverage of building codes
• Roof surfaces provide extensive coverage.
• Homeshare coverage
• Additional coverage for jewelry or sporting equipment

Branch home insurance rates

Branch homeowners insurance rates are competitive with some of the country's largest insurers. The sample rates were not the lowest we found, but they were slightly lower than the national average.

Branch's sample quote was less expensive than State Farm or Allstate, but more expensive than Geico or Progressive.

Other Branch insurance products

Branch provides a variety of products in addition to home and auto insurance, and in some cases through partner companies. These are some examples:

• Umbrella insurance

• Renters insurance

• Boat insurance

• Condo insurance

• ATV insurance

Branch insurance customer service reviews and ratings

Branch does not have much of a history to review when it comes to customer service because it only began writing premiums in 2020, but that does not mean there are any negative marks. Branch, on the other hand, sells policies from General Security National Insurance Company, which has a solid reputation in some states.

Branch received a Complaint Index rating of 0.00 from the National Association of Insurance Commissioners (NAIC) in 2020, indicating that it received no complaints. In addition, no complaints have been received by General Security National in the last three years.

Branch has an "A" rating from Demotech for financial stability, which is considered "exceptional." This is significant when it comes to the company's ability to pay out claims following a major disaster.

There have also been no complaints filed against Branch with the Better Business Bureau, despite the fact that a few of the company's reviews mention claims issues.

Where is Branch insurance available?

Branch sells insurance in the following states:

• Arizona
• Colorado
• Illinois
• Indiana
• Maryland
• Missouri
• Ohio
• Oklahoma
• Texas
• Wisconsin

Because the company is only licensed to write policies in Arizona, Indiana, Maryland, Ohio, and Oklahoma, General Security National underwrites policies in the remaining five states.

Branch is a reciprocal insurance company, which means that policyholders own the company but it is managed by a separate entity. This structure is comparable to that of other major insurers such as USAA, Farmers, and AAA.