Using annuities in trusts
A reference Trusts are an integral part of estate planning and funding a trust so that it meets the needs of a client’s estate and wealth transfer goals involves a...Read more about Using annuities in trusts
• If you’re a safe or low-mileage driver you may be able to save now
• Nationwide offers two usage-based insurance options that may be right for you
• Talk to your insurance agent about the best fit for you
You may be wondering which usage-based insurance (UBI) program would best suit you. UBI programs and the customized options they can provide are becoming the choice for a growing number of drivers. Carriers that can tailor auto insurance coverages and options based on the unique needs of all the drivers in a household are giving customers the control they’re looking for from a car insurance company.
There are two UBI options that could help you save, depending on how you drive. SmartRide® offers a discount based on how safely you drive. SmartMiles® provides a rate based on how much you drive. For many, these programs offer opportunities to save.
The best way to understand which option is right for you, is to talk to your insurance agent. Here are some scenarios to help you begin the conversation:
This car insurance policy is based on how safely you drive.
There are a variety of usage-based insurance options on the market that reward safe driving. If you’re a driver committed to staying alert, avoiding distractions, and following the rules of the road, you can be rewarded for it. Nationwide’s SmartRide technology tracks your driving behaviors for six months, giving you weekly progress updates and personalized driving feedback. Safe drivers can save up to 40% as a result. Perhaps you can identify with these scenarios:
This car insurance policy is based on the number of miles you drive.
Some insurers offer pay-per-mile insurance solutions. Low-mileage drivers could benefit from Nationwide’s SmartMiles program. SmartMiles customers are saving an average of more than 25% on their auto insurance, compared to traditional Nationwide auto policies. If you identify with Mel or Sam, a mileage-based solution may be a fit for you:
Talk to your insurance agent to determine if you’re like Mel, Sam, John, or Pat – or if someone like them is included on your policy. For some, traditional insurance will remain the right option, but for safe and low-mileage drivers there may be an opportunity to save on car insurance.
Learn more about usage-based insurance. Talking to your insurance agent can help you understand the usage-based option that may be right for you.
SmartRide program availability varies; program criteria differ in California. Stated discounts are approximations. Discounts do not apply to all coverage elements; actual savings vary by state, coverage selections, rating factors and policy changes. the final discount is calculated according to driving behavior and could be zero. The final discount applies at the next policy renewal and is subject to change based on actuarial support at subsequent renewals or with changes in drivers or vehicles on the policy. Monitoring is for one policy term if selected for new business. If selected at renewal, monitoring is no more than two policy terms.
SmartMiles savings based on national data through February 2020. Program availability varies. SmartMiles includes a base premium plus a variable premium based on the coverages in force and the days and miles driven.