Disappearing Deductible

The Morse Insurance team explains the ins and outs of Disappearing Deductible credits, a cost-saving auto insurance endorsement

There is a good chance that you’ve heard a commercial or two advertising Disappearing Deductible. Whether you’ve seen an ad while watching live TV or streaming the game on your Amazon Fire Stick or heard a catchy jingle on the radio while driving in your car, your interest may be piqued to learn more. So, if you are visiting us today wondering how Disappearing Deductible credits work, if it can really save you money, or if you qualify for the reward program, you’ve come to the right place.

The concept behind Disappearing Deductible credits is actually quite simple; it’s the finer details of each insurance carrier that makes things a bit more complicated. Generally speaking, if you decided to include a Disappearing Deductible as a part of your car insurance policy, your collision deductible would become less expensive after every year of safe driving. Or in other words, if you were involved in an accident, and your reward credits had already started to accrue, you can expect to pay less out of pocket for repairs because your deductible would be lower.

As your trusted insurance partner, Morse, of course, wants to make sure you understand more than just the concept behind this additional auto endorsement. So, before you choose to add it to your car insurance policy, there are a few things we think you should know and consider first.

How does a Disappearing Deductible work?

The Disappearing Deductible program was originally designed to incentivize drivers to obey the rules of the road as well as adhere to other safe driving behaviors in an effort to stop vehicular accidents from happening.

While the goals of a Disappearing Deductible program may be clear, every insurance carrier has its own unique twist on how their specific program works. The team at Morse is very knowledgeable in the various programs, as many of our highly-regarded insurance partners offer the incentive program. Therefore, we feel extremely confident in our ability to provide you with the specifics of your carriers program over the phone or during an in-person meeting at any one of our four convenient Massachusetts locations.

However, with that being said, there are a few general details about a Disappearing Deductible that we can clarify for you now to help you decide if the auto endorsement is right for you.

  1. Your deductible will decrease with every year of safe driving.
    Most Disappearing Deductible programs reward you for your clean driving record by offering you a financial credit, at annual renewal time, which can be applied to your collision deductible. Some carriers credit their policyholders with as much as $100 annually per policy, while others offer slightly less.
  2. You can expect to pay less out of pocket in the event of a crash.
    Once you’ve started earning your rewards, should you be involved in a car accident, you can likely expect to pay a lower deductible. However, regardless of who was found at fault for the accident, your insurance carrier will most likely not reward you come renewal time as a result of the claim.
  3. Disappearing Deductible credits come with a cost.
    If you opt to add this endorsement to your policy, you may pay a higher insurance premium. However, if you and your family own several cars, your carrier may offer additional savings if you add a Disappearing Deductible to each vehicle listed on your policy. In addition, the money you can potentially save by having a lower deductible after a crash can help you make up for the annual fee that you might need to pay for the reward program.

Who is eligible for a Disappearing Deductible?

The Disappearing Deductible program was specifically designed to reward safe drivers, much like Accident Forgiveness. But what does that mean exactly? If you have maintained a clean driving record for the last several years, you will likely be eligible to add this additional endorsement to your current auto policy. On the flip side, if you’ve been involved in a car accident in the past three years, regardless of who was at fault, you most likely will not be able to take advantage of a Disappearing Deductible program. However, to know for certain, you’ll want to discuss your options with an experienced insurance agent.

After reading this, if you have decided that a Disappearing Deductible endorsement is not right for you right now, we understand; however, there may be a variety of other cost-saving endorsements and discounts that you may be eligible for, including loan/lease gap coverage, bundle and save, good student, and more. Therefore, we would encourage you to give one of our friendly Morse Insurance agents a call to discuss.

And if you are interested in taking advantage of a Disappearing Deductible, learning more about the reward program or scheduling a complimentary policy review with an experienced member of our team, be sure to contact us today – we are here (and happy) to help!

Hear What Our Clients Have To Say
"Working with Morse Insurance is like working with your family, we feel like we're a part of their family and they're a part of ours. The entire team is very human and funny with great personalities. It's clear that they love what they do and that they love their customers. They're great people, wonderful neighbors, and an awesome company and I just love doing business with them."

Patti, Morse Insurance Client

5.0
2016-06-22T14:43:41+00:00

Patti, Morse Insurance Client

"Working with Morse Insurance is like working with your family, we feel like we're a part of their family and they're a part of ours. The entire team is very human and funny with great personalities. It's clear that they love what they do and that they love their customers. They're great people, wonderful neighbors, and an awesome company and I just love doing business with them."
"Morse handles all of our Commercial Insurance: Liability, Workers comp, Property and Casualty, and Auto. I completely trust that they have our best interest in mind when they make recommendations about what we need and don't need. Plus, they have top notch customer service, are local and accessible, so when I need something they can turn a requests around quickly. We couldn't be happier with them."

Patti, Morse Insurance Client

5.0
2016-06-22T14:44:15+00:00

Patti, Morse Insurance Client

"Morse handles all of our Commercial Insurance: Liability, Workers comp, Property and Casualty, and Auto. I completely trust that they have our best interest in mind when they make recommendations about what we need and don't need. Plus, they have top notch customer service, are local and accessible, so when I need something they can turn a requests around quickly. We couldn't be happier with them."
"I've been with Morse for 12 years with my Business Fleet Auto and Workers’ Comp, along with my personal Auto, Homeowner's and Multi-Family Property Insurance. Unlike national insurance companies, the Morse team works and lives in the area so they understand what coverage is suitable for this region and my needs. I love that they are locally owned and managed."

Sonja, Morse Insurance Client

5.0
2016-06-22T14:44:57+00:00

Sonja, Morse Insurance Client

"I've been with Morse for 12 years with my Business Fleet Auto and Workers’ Comp, along with my personal Auto, Homeowner's and Multi-Family Property Insurance. Unlike national insurance companies, the Morse team works and lives in the area so they understand what coverage is suitable for this region and my needs. I love that they are locally owned and managed."
"Morse Insurance truly maximizes my insurance dollar while giving me appropriate, well thought out insurance strategies. Their continued dedication and commitment to providing the balanced combination of value and peace of mind is why I keep working with them."

Sonja, Morse Insurance Client

5.0
2016-06-22T14:45:27+00:00

Sonja, Morse Insurance Client

"Morse Insurance truly maximizes my insurance dollar while giving me appropriate, well thought out insurance strategies. Their continued dedication and commitment to providing the balanced combination of value and peace of mind is why I keep working with them."
"The team at Morse Insurance handles all my personal and business insurance needs. I expect and receive professional insurance recommendations tailored to my particular needs and circumstances. I could not ask for a more attentive, conscientious and friendly group of people."

Steve, Morse Insurance Client

5.0
2016-06-22T14:46:49+00:00

Steve, Morse Insurance Client

"The team at Morse Insurance handles all my personal and business insurance needs. I expect and receive professional insurance recommendations tailored to my particular needs and circumstances. I could not ask for a more attentive, conscientious and friendly group of people."
"Morse Insurance has been our agency for nearly 20 years. At first they provided our Homeowner's Insurance, then we added Auto Insurance. Later, when we started our business, it was General Liability and Errors and Omissions Insurance. The team at Morse is always there to guide us through these complex products. We feel they get us the best products at a fair price and know us on a personal basis."

Larry and Donna, Morse Insurance Clients

5.0
2016-04-05T19:53:15+00:00

Larry and Donna, Morse Insurance Clients

"Morse Insurance has been our agency for nearly 20 years. At first they provided our Homeowner's Insurance, then we added Auto Insurance. Later, when we started our business, it was General Liability and Errors and Omissions Insurance. The team at Morse is always there to guide us through these complex products. We feel they get us the best products at a fair price and know us on a personal basis."
"Morse has handled the Professional Liability, Business General Liability, Auto, and Workers’ Comp for our company for over 10 years. Their attention to detail is what sets them apart. I've been with some agencies and you call in only to get an agent who you don't know and who doesn't know you. It's not really a personal relationship. With Morse, I call up Donna and say, 'This is Bill' and she answers my questions. They're small, but they're large at the same time. You can really trust that they'll get things done."

Bill, Morse Insurance Client

5.0
2016-04-05T19:51:49+00:00

Bill, Morse Insurance Client

"Morse has handled the Professional Liability, Business General Liability, Auto, and Workers’ Comp for our company for over 10 years. Their attention to detail is what sets them apart. I've been with some agencies and you call in only to get an agent who you don't know and who doesn't know you. It's not really a personal relationship. With Morse, I call up Donna and say, 'This is Bill' and she answers my questions. They're small, but they're large at the same time. You can really trust that they'll get things done."
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