{"id":6085,"date":"2019-02-15T15:26:22","date_gmt":"2019-02-15T15:26:22","guid":{"rendered":"https:\/\/fintech.global\/digitalinsurtechforum\/?p=6085"},"modified":"2019-02-15T15:26:22","modified_gmt":"2019-02-15T15:26:22","slug":"nationwide-launches-pay-per-mile-auto-insurance-solution","status":"publish","type":"post","link":"https:\/\/fintech.global\/digitalinsurtechforum\/nationwide-launches-pay-per-mile-auto-insurance-solution\/","title":{"rendered":"Nationwide launches pay-per-mile auto insurance solution"},"content":{"rendered":"<p><strong>Nationwide has launched a new auto insurance solution which lets consumers pay for the miles they have driven.<\/strong><\/p>\n<p>SmartMilesSM uses a small device to track the miles driven by a vehicle \u2013 members can track their miles through a member\u2019s portal.<\/p>\n<p>Nationwide members that have multiple cars can select a different insurance policy for each vehicle, offering more personalised products for households. An example offered by the insurer was a family which has a car used to commute to work and a second car which is seldom used would be able to select the SmartMilesSM on-demand insurance to lower premiums on the car that\u2019s rarely driven.<\/p>\n<p>There is a 250-mile daily mileage cap, which means if a driver wishes to go on a road trip, they would not be able to use the SmartMilesSM policy.<\/p>\n<p>Policy holders can receive a 10 per cent discount for safe driving after their first renewal. However, there are no contracts or long-term requirements for the SmartMilesSM insurance program.<\/p>\n<p>The service is currently available in Illinois, with plans to launch in other states over the year.<\/p>\n<p>Nationwide associate vice president Teresa Scharn said, &#8220;SmartMiles was developed to provide a program that allows our customers the freedom to control their auto insurance expenses based on how much they drive and how safe they drive.<\/p>\n<p>&#8220;Whereas most insurance companies&#8217; mileage-based insurance programs look only at miles driven, Nationwide&#8217;s SmartMiles telematics program takes many factors into account, creating a more personalized offering, which is revolutionary to the auto insurance industry.&#8221;<\/p>\n<p>Copyright \u00a9 2019 FinTech Global<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nationwide has launched a new auto insurance solution which lets consumers pay for the miles they have driven. SmartMilesSM uses a small device to track the miles driven by a vehicle \u2013 members can track their miles through a member\u2019s portal. Nationwide members that have multiple cars can select a different insurance policy for each&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/digitalinsurtechforum\/nationwide-launches-pay-per-mile-auto-insurance-solution\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":10,"featured_media":6086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts\/6085"}],"collection":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/comments?post=6085"}],"version-history":[{"count":0,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts\/6085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/media\/6086"}],"wp:attachment":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/media?parent=6085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/categories?post=6085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/tags?post=6085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}