Nationwide Initiates Vanishing Deductible For Car Insurance Buyers

By Phillip Williams on March 5, 2010, 7:00 am Posted in Business News

Nationwide Group consists of more than forty companies, which includes publicly traded Nationwide Financial Services (NYSE:NFS), has its corporate headquarters located in Columbus, Ohio. The company is a multi-line insurer of an impressively long list of product lines.

Vanishing Deductible Car Insurance

Nationwide Insurance has recently initiated a campaign that will likely attract volumes of car insurance shopper who are shopping for the best car insurance quotes. They have launched the ingenious idea of a “vanishing deductible” for car insurance policy owners. The idea is that if you have never filed an accident claim with your insurance company, then you may be eligible to gleam the savings.

How The Vanishing Deductible Works

The vanishing deductible is a program that, for every year of safe driving, drops your deductible by $100. When you sign up, you get $100 of your deductible now. For every year of safe driving, you get an additional $100 subtracted from your deductible. Nationwide state that it is their way of rewarding safe drivers. The vanishing deductible is an optional feature and that the annual credit is subject to eligibility requirements. The maximum discount goes up to $500 and the availability and/or details can vary by state.

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