Yes, Nationwide uses telematics through SmartRide, its usage-based program, and SmartMiles, its mileage-based program. SmartMiles only measures a driver’s mileage in order to calculate a daily rate for their policy, while SmartRide tracks several habits and rewards good drivers with a discount of up to 40%.
What Nationwide Telematics Tracks
- Miles driven
- Idle time
- The time of day that you drive
In order to use SmartRide, drivers need to put the plug-in device into their vehicle's OBD port or download the SmartRide mobile app. Once the app is activated, it will automatically log trips when it detects driving activity After four to six months of logging trips, the discount will be applied for the life of your policy. If you practice bad driving habits while using SmartRide, Nationwide will not raise your base premium. But you probably won't get much of a discount, if any. SmartRide is currently available in 41 states.
SmartMiles, on the other hand, works a bit differently. Instead of offering a discount, Nationwide uses the program to calculate a driver’s payment based on their daily mileage. Customers are charged a small base premium, and then a fee for each mile that they drive, up to 250 miles per day. As a result, SmartMiles is a good choice for policyholders who don’t drive often.
To learn more, check out WalletHub’s guide to usage-based insurance.
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