Friday, March 20, 2020

IoT telematics based insurance

Nationwide Teams up with Toyota, Ford, Lincoln to Offer Insurance Featuring Telematics Solution

"Nationwide, along with Toyota, Ford and Lincoln, recently announced partnerships to offer customers insurance options at a potential large discount, based on data collected by their connected vehicles about their driving habits."

Toyota customers who purchase an auto insurance policy and opt-in to share their driving data will automatically receive an initial 10% SmartRide participation discount.

Upon completing the collection of driving data for 90 days, customers can earn up to a 40% final discount.