Nationwide, Toyota Partner to Offer Telematics-Based Insurance
Feb. 26, 2020—Nationwide has announced a partnership with Toyota Insurance Management Solutions to launch a new telematics-powered insurance solution, according to Insurance Business Magazine.
The two companies are launching TIMS BrightDrive, an insurance program that uses driving data collected from participating connected vehicles to offer customers a discount based on their driving behavior.
Toyota customers with connected vehicles who purchase an auto insurance policy with Nationwide can opt into the program.
TIMS BrightDrive is currently in the states of Arizona, Ohio, and Texa. It is also available to opt into online through BrightDrive’s website for Toyota vehicles equipped with the automaker’s Data Communication Module model year 2018 through 2020.