Nationwide Vanishing Deductible lowers the cost of your deductible by $100 for every year of safe driving. You can save up to $500 total with Vanishing Deductible from Nationwide, which is an optional feature that costs about $60 per year to add to your policy. Adding more than one vehicle to the program costs $10 per car.
In other words, Nationwide’s Vanishing Deductible lowers your deductible but increases your premium. Your premium is the total amount you pay for coverage. Your deductible is your out-of-pocket expenses when filing a collision or comprehensive claim. Only drivers who carry collision and comprehensive coverage are eligible for Vanishing Deductible.
How Vanishing Deductible from Nationwide Works:
- Call your Nationwide agent or customer service at 1 (877) 669-6877 and let them know you’d like to participate in the Vanishing Deductible program.
- Pay for coverage and wait 30 days, then get the first $100 credit.
- Save $100 per year, up to $500 total, as long as you do not file a claim.
If a claim is filed, your Vanishing Deductible resets to $100, still offering savings. Here’s an example: A driver with a $500 deductible signs up for Vanishing Deductible. After three years of safe driving, they have earned a $300 credit toward their deductible, but they need to file a claim. The driver pays just $200 toward the deductible and Nationwide covers the rest of the bill. The driver’s Vanishing Deductible resets to $100 after resolving the claim.
Vanishing Deductible is just one way Nationwide helps drivers save after a claim. Nationwide also offers accident forgiveness, which can prevent your premiums from going up after your first accident. But Nationwide’s Vanishing Deductible and accident forgiveness are not available in all states—laws in Pennsylvania and New York prevent insurance companies from offering $0 deductibles, for example. If you live in one of these states, you might still be able to participate in the program. Your deductible just won’t get any lower than the state minimum deductible, which is typically $100.
Other companies offer copycat deductible reduction programs—Allstate, Liberty Mutual, The Hartford, and Allied Insurance all have similar offerings, for example. However, Nationwide trademarked the term “Vanishing Deductible” in 2010.
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