Introducing a pay-per-mile car insurance program that could save you money
SmartMiles is car insurance for low-mileage drivers. It's the same great coverage as a traditional Nationwide auto policy, but with a flexible monthly rate that's based on how many miles you drive.
How SmartMiles works
Your rate consists of two parts: a base rate and a variable rate (cost per mile). Because the variable portion of your rate is based on mileage, it will vary month-to-month based on the number of miles you drive. Here is a monthly rate example:
*Actual scenario in Chicago, IL: single 35-year-old male, 2017 Jeep Cherokee L, no traffic violations or accidents in the last 3 years, includes average final safe driving behavior discount. Data is through November 2020.
Who is SmartMiles for?
If you drive less than the average driver, SmartMiles could save you money. You might not get behind the wheel every day because you...
Yes. SmartMiles offers the same flexibility and great coverage selections as traditional auto insurance policies. But with SmartMiles you could pay less, because your monthly payment is based on the number of miles you drive.
The premium consists of two parts: a base premium and a variable mileage premium (Cost Per Mile). The Base Premium and Cost Per Mile do not vary throughout the policy term unless you make changes to your policy.
To calculate your monthly payment, we combine the Base Premium, and the Cost Per Mile multiplied by the number of miles driven in the prior billing cycle (typically the prior month). Because the variable portion of your premium is based on mileage, it will vary month-to-month based on the number of miles you drive.
SmartMiles is a pay-per-mile auto insurance program designed to save low mileage drivers money, where the premium you pay varies by how many miles you drive, giving you more control over your auto insurance costs than a traditional policy. In addition, you can earn up to 10% Safe Driving Behavior Discount based on driving behavior data collected during the first term of participation.
SmartRide is a safe-driving discount program for traditional auto insurance policies. You earn a 10% participation discount at enrollment, and you can earn up to a 40% discount on your premium that applies at renewal by displaying safe driving behaviors during a one-time evaluation period.
If you have questions about which program is right for you, contact your agent or call us at 1-855-421-2688.
Products underwritten by Nationwide Mutual Insurance Company and Affiliates. Columbus, Ohio. Availability varies. SmartMiles variable premium is based upon the Cost Per Mile established for the coverages in force and the number of days and miles driven when the coverage is in force. SmartMiles Safe Driving Behavior Discount could be zero and does not apply to all coverage elements; actual savings vary by state, coverage selections, rating factors and policy changes. Safe Driving Behavior Discount applies at the next policy renewal and remains while the vehicle is enrolled in SmartMiles. Estimated premium is subject to change based upon final rated mileage during the mileage period and policy changes. Safe Driving Behavior Discount not available in California.