One more partnership between an auto manufacturer and an insurer to provide driver insurance leveraging telematics.
"Nationwide and Toyota have partnered to help acquire usage-based insurance customers using the carmaker's connected vehicles.
Buyers of model year 2018 to 2020 cars with the Toyota Communications Module who buy a Nationwide SmartRide policy get an immediate 10% discount once they opt into sharing their data. It's currently available in Arizona, Ohio and Texas."
Digital Insurance Feb 25th 2020
Where is this leading? Also read: Will most car manufacturers & auto insurers disappear in less than a decade?
Branded as TIMS (Toyota Insurance Management Services) BrightDrive, the companies say that the program will help all parties by making it easy to get usage-based insurance with credible, vetted data directly from the car.
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