Parents of teen drivers in South Carolina can save up to 25 percent on auto insurance
Nationwide chooses South Carolina to launch national pilot discount insurance campaign
FOR IMMEDIATE RELEASE:
November 6, 2008
Contact:
Mike Switzer 614-249-4092
switzem1@nationwide.com
COLUMBIA, South Carolina (November 6, 2008) — Nationwide Mutual
Insurance Company announced today the introduction of the Nationwide
Insurance Family PlanSM, a program available exclusively to
the company’s customers in South Carolina. The pilot program will allow
parents of teen drivers to save up to 25 percent on auto insurance for
their children.
With the Nationwide Insurance Family PlanSM, parents who have
multi-line discounts with Nationwide can apply the same discount
insurance to their teen driver’s auto insurance policy. If the young
driver maintains a good driving record, they can keep available discounts
when they are ready to separate from their parents’ car insurance
policy.
“In the current economic conditions, we know that people are looking for
any way they can to save money,” said Terrance Williams regional vice
president of southern states for Nationwide. “It can be very expensive
when teenage children begin to drive. We hope that the Nationwide
Insurance Family PlanSM will provide some relief to already
tight family budgets. ”
A recently released report from the National Association of Insurance
Commissioners showed that the average auto insurance expenditure in South
Carolina increased by $2.27 in 2006. It is likely that auto insurance
expenses in South Carolina have increased even more since then.
Legislation passed by the South Carolina General Assembly, which took
effect January 1, 2007, has increased minimum liability requirements for
South Carolina drivers. It is likely that this will be reflected in next
year’s NAIC report, which will include numbers from 2007.
Nationwide will pilot the Nationwide Insurance Family PlanSM
for South Carolina car insurance customers for the rest of the year.
Based on the program’s success, the company will evaluate the possibility
of making it available for customers across the country.
“South Carolina is an important state for Nationwide,” said Williams.
“We have a strong customer base here that we’d like to maintain and grow.
The Family plan allows us to deliver even more value for our customers,
particularly those with families and multiple insurance needs.”
Investments Retirement Insurance www.nationwide.com One Nationwide Plaza
Columbus, OH 43215-2220
Nationwide, based in Columbus, Ohio, is one of the largest diversified
insurance and financial services organizations in the world, with more
than $161 billion in assets. Nationwide ranks #108 on the Fortune 500
list. The company provides a full range of insurance and financial
services, including auto insurance, and motorcycle, boat, homeowners,
life, farm, commercial insurance, administrative services, annuities,
mortgages, mutual funds, pensions, long-term savings plans and health and
productivity services. For more information, visit www.nationwide.com.
Nationwide, the Nationwide framemark and On Your Side are federally
registered service marks and Nationwide Insurance Family Plan is a
service mark of Nationwide Mutual Insurance Company.
