Nationwide Insurance Lowers Auto Rates in Arizona
8 January 1999
Nationwide Insurance Lowers Auto Rates in ArizonaCOLUMBUS, Ohio, Jan. 7 -- Nationwide Insurance has lowered its auto insurance rates in Arizona by an average of 3.2%, effective Jan. 1. The rate reduction will average approximately $33 annually for customers with full coverage. Individual rates will vary up or down according to drivers' ages, residences, accident and violation records, types and amounts of coverages, and other factors, such as discounts. The decrease has been filed with the Arizona Insurance Department. Nationwide is able to reduce rates because the size and number of bodily injury, collision and comprehensive claims have decreased. The resulting savings are being passed onto Nationwide customers. The company serves Arizona customers through a direct marketing program, and offers the toll-free customer service number of 800-421-1444. Improvement in bodily injury claims experience can be attributed to the increased use of seat belts, more cars equipped with air bags, and a reduction in crashes caused by drunken drivers. Nationwide also has improved its claims operations to become even more efficient and to be even more responsive to its customers. Nationwide, based in Columbus, is the country's fourth-largest auto insurer and is Arizona's 13th-largest auto insurer, insuring some 32,000 vehicles. Bodily injury liability pays for the related costs of auto accident victims injured by at-fault drivers. Collision pays policyholders for crash damages caused to their cars while property damage liability pays for damage caused to the property of others by an at-fault driver. Comprehensive pays for stolen cars, vandalism, and damage caused in a vehicle upset or damaged by falling objects.