Nationwide Launches Custom Insurance
Feb. 14, 2019—Nationwide is launching SmartMiles, an insurance option for low-mileage drivers like people who take public transportation more than they drive, work from home or carpool frequently.
SmartMiles allows Nationwide members to pay for the miles they drive, providing more control over the cost of their auto insurance. With consumer adaptation and increased comfort level with telematics technology in mind, Nationwide developed SmartMiles for its low-mileage driving members that can provide savings on their auto insurance premium.
Nationwide claims one aspect of the program is unique in the usage-based insurance market. Nationwide members in multiple-car households now have an option to select a Nationwide auto insurance program for each vehicle. For example, a member of a family that commutes 75 miles to work round-trip each day and their college student, whose car is seldom driven, can be on the same Nationwide policy with auto insurance rates that are custom to each situation.
Right now, SmartMiles is available in Illinois.