Carrier review · Updated August 3, 2026
Nationwide Tesla Model Y insurance review
Pay-per-mile pricing that suits garage-queen Model Ys. Nationwide's SmartMiles program charges a low base rate plus a per-mile charge, which is the single best structure for an owner who drives under about 7,000 miles a year. Standard rates land comfortably below the national average even without a usage program.
Who Nationwide is right for
Nationwide is our pick for low-mileage drivers using smartmiles. Against the rating profile used throughout this site it averages $3,044 a year, which is $792 below average and places it 3rd of the 10 carriers with published Model Y rate data.
Nationwide's SmartMiles program charges a low base rate plus a per-mile charge, which is the single best structure for an owner who drives under about 7,000 miles a year. Standard rates land comfortably below the national average even without a usage program.
Pros and cons
What works
- SmartMiles pay-per-mile pricing genuinely rewards low annual mileage
- SmartRide can deliver up to roughly 40 percent off for safe drivers
- Vanishing deductible reduces your deductible for each claim-free year
- On Your Side review with an agent to catch coverage gaps
- Total-loss deductible waiver available
What does not
- Base rates are above average without a telematics program
- SmartMiles monthly bills vary, which complicates budgeting
- Complaint volume is higher than State Farm or Erie
- Not available in every state
Coverage highlights
Beyond standard liability, collision and comprehensive, these are the coverages and endorsements that matter most for a Model Y owner at Nationwide.
- SmartMiles pay-per-mile option
- Vanishing deductible
- Accident forgiveness
- Roadside assistance and rental reimbursement
Discounts available
Not every discount below applies in every state, and several are never surfaced in an online quote. Ask an agent to confirm each one against your filing.
Availability and claims
Where you can buy it: About 46 states
How claims are handled: Agents, app and phone
Telematics: Optional (SmartRide) or pay-per-mile (SmartMiles)
How Nationwide prices by driver age
Published averages for the same Model Y Long Range and the same coverage, varying only the driver's age.
| Age 25 | Age 40 | Age 65 |
|---|---|---|
| $3,946 | $3,104 | $2,770 |
How Nationwide compares
| Carrier | Avg. annual | Avg. monthly | Best for |
|---|---|---|---|
| USAA | $2,256 | $188 | Military members and their families |
| Travelers | $2,748 | $229 | Owners bundling home and auto |
| State Farm | $3,051 | $254 | Owners who want a local agent |
| Amica | $3,249 | $271 | Owners who prioritize claims service |
Nationwide FAQ
Is SmartMiles good for a Tesla Model Y?
It suits owners who drive well under the 12,000-mile national average, which describes a lot of second-car Model Ys and owners who charge at home and work from home. Above roughly 10,000 miles a year the per-mile charges usually erase the savings.