Customers across the country are encouraged to consider signing up for the company’s telematics program called Smartride. According to Nationwide, the program can save up to 40% on premiums by installing devices in your car or downloading apps. But that may not be the right choice for all drivers. Bankrate insurance experts can take a closer look at this popular program and make fact-based decisions.
What is a national smart lid?
Nationwide Smart Lid The program rewards drivers for good habits with potential discounts Auto insurance fees. Smartride is an option for policyholders nationwide and includes a 15% discount just for signing up. Nationwide advises that smartphone apps are the best way to join the program, but you may have the option to mail plug-in devices if necessary. Additionally, driving a “connected car” and enabling data collection in privacy settings allows the vehicle to send data directly to smart lids across the country, eliminating the need for a smartphone app or plug-in device.
Nationwide Smart Lid is completely free and unlike anything else Telematics ProgramIf your driving habits are not eligible for a discount, there is no risk of your premium rise. You may lose your participation discount upon completion of policy terminology, but there is no additional charge for the policy.
Once you sign up, your driving habits will be monitored for 4-6 months. You will receive regular updates from all over the country throughout the operating period. These updates include current estimated discounts and suggestions on how to improve your driving habits. This could lead to an increase in discounts. Once the initial period is complete, it is recommended that you can delete the app or return the smaltride device with the provided prepaid envelope.
What does Smartride monitor?
Smartride monitors four aspects of driving behavior. This is generally related to the overall risk of an accident. These include:
- Mile Drive: Research shows that drivers on the street are at a higher risk of getting into an accident. Smartride tracks how many miles you drive and rewards people who drive shorter distances or don’t put too many miles in their car.
- Hard braking and acceleration: Frequently hitting the brakes or accelerating at speeds above 7.7 mph per second may lead to aggressive driving. It could monitor national habits and reduce discounts.
- Driving at night: Nighttime drivers, especially those traveling from midnight to 5am, face the challenge of being tired and distracted, increasing the risk of accidents. To get the best possible discount, try not to drive between the windows at this time.
- Idol time: It may seem strange to measure how long you are sitting when your car is in but not moving, but it can be clear whether there is a lot of traffic. Insurance companies tend to raise the fees for drivers traveling to busy areas because of the high risk of accidents. Don’t worry – Smart Lido doesn’t count as warming up your car as idle time in cold weather.
Every week, I receive reports from Smartride. Nationally, these reports are broken down into each factor that tracks them. You will know exactly how far you drive, how many times you brake or accelerated too quickly, how much time you spent driving at night, and how long you idled. These reports will help you make changes to driving behaviors that may increase your chances of becoming bigger Auto insurance discount.
How much can you save with a nationwide smart lid?
Smartride by national reward drivers just to sign up for the program, as well as some telematics programs. You may see 15% soon discount From national policy. You will then need to participate in the program for 4-6 months. Each week, you will receive detailed driving habit feedback and check for discount estimates.
After attending for at least 4-6 months, Nationwide will review your data and offer a final discount. Drivers can receive a 1-40% discount on certain types of coverage, not entirely. If your data reveals dangerous driving habits, the national premium won’t increase, but be aware that you could lose your first sign-up discount. Standards for the Smartride program may vary in certain states, such as registration restrictions and earning discounts.
Who should sign up for Smartride?
Just because Smartride is available to most people Nationwide Policyholders do not necessarily mean that everyone will benefit from the program. Consider what Smartride tracks – night driving, mileage, idle time, braking and acceleration. If you drive overnight, commute long distances, or have high traffic, or you often drive aggressively, you may not see a discount.
However, if you are trying to improve your driving habits, Smartride will be able to better recognize sudden start and stops. Plus, if you don’t drive frequently, don’t drive too far, and rarely drive at night, you might get a valuable discount on the program.
The following table lists the pros and cons to consider in your program.
| Strong Points | Cons |
| There is no participation fee | Savings will not be applied immediately, but will be applied on the next update |
| Premiums won’t increase | Not all vehicles are eligible for age and engine type |
| Monitoring lasts for up to six months | Sign up for deleted discounts on the next update |
| Discounts last as long as your vehicle continues to insure nationwide | Not ideal for high mileage or regular night drivers |
Who saw them Car insurance will rise after an accident If they were working to improve their driving habits, they might benefit from the Smart Lido. Smartride is free and you can’t increase your premium (except you lose your sign-up discount), so we recommend giving it a try.
Online reviews of the Smartride app are generally positive. For example, one user said on Apple’s App Store: “I’ve always been skeptical of car insurance companies tracking every move I make. But that’s not the case. I was worried that being a passenger would rely on me, but I have the best apps across the country that know if you’re driving or not.” Meanwhile, another user might want to ask friends or neighbors what their experience with the program is, saying, “To be honest, I’ve joined this same program with another company and have never had many issues with that app like companies across the country…”
Nationwide offers seconds Usage-based programs It is called SmartMiles. If you work from home, quit, or drive miles low a year, the program is perfect. To participate, you must agree to pay a monthly premium, not a large installment. Monthly mileage is monitored, monthly premiums are adjusted, and you will only pay the miles you drive.
How does Nationwide Smartride compare to other programs?
If so Insurance provider shopping If you offer a telematics program, you have options. Most large companies have unique telematics systems that reward participants with discounts, but these may differ. See how Smartride is stacked up nationwide.
