American Family launches rewards focused mileage-based product

American Family has launched a new mileage-based (PAYD) telematics offering focused on rewarding policyholders for driving less.

The smartphone app-based solution, titled MilesMyWay, measures miles driven and rewards users on their mile count. Those who drive less then 8,000 miles per year will see discounts (rewards) applied to their policy. If the insured drives more then 8,000 miles, they do not pay more then the original policy. The concept is to reward those who reduce their miles driven rather then charge them for those miles. Eligibility is restricted to those drive less then 10,000 miles per year, a growing segment during and possibly following the pandemic.

AmFam has launched a telematics offering focused on rewarding policyholders for driving less

The program has launched in Arizona and AmFam is expected to expand the product over the coming months.

Read the press release https://newsroom.amfam.com/american-family-insurance-introduces-program-that-rewards-policyholders-who-drive-less/