Nationwide Auto Insurance: Vanishing Deductible
Posted on June 24th, 2011
You may have seen some recent commercials on TV or ads in the paper from Nationwide Auto Insurance discussing their Vanishing Deductible program. A vanishing deductible sounds appealing but how does it exactly work and is it a good deal?
Basically this benefit will apply to good drivers only. If you’ve never filed a claim with your auto insurance company you may feel that it’s unfair to pay the same deductible as someone who has filed claims in the past. Nationwide believes you shouldn’t pay the same deductible if you have a clean record. That is what motivated them to create this unique plan for good drivers where the deductible “vanishes” with good behavior.
The Vanishing Deductible program drops your deductible by $100 for each year you are a safe driver. They even offer a $100 discount for signing up. This optional feature does seem appealing and doesn’t have much of a downside. According to their website, annual credits are subject to eligibility requirements with a maximum credit of $500. It’s important to understand that details and availability of the plan vary from state to state so check with a local agent to see if this is an option for you. Having an insurance company that offers little perks like this can make all the difference since the market is so competitive.
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Tags: Auto Insurance, Deductible, Nationwide Auto Insurance, Vanishing Deductible
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