Which insurance carrier is right for you? Compare insights, cost, and quotes from Nationwide and Farmers.
Murray D. Lincoln formed the company the Farm Bureau Mutual Automobile Insurance Company with the goal of selling auto insurance at low rates for farmers in Ohio. In 1926, the first policy was sold. In 1928, Farm Bureau Mutual begins to expand into other states including West Virginia, Maryland, Delaware, Vermont, and North Carolina. By 1934, the company was insuring motorists in metropolitan areas and writing property insurance policies too and by 1943 was operating in 12 states and the District of Columbia. It was in 1955 that the company changed its name to nationwide, with an expansion into 20 new states. In 1982, Nationwide acquires a 100-year-old company and America’s leading farm insurer and goes public in 1997. In the year 2000, the Nationwide Arena opens and becomes home to a National Hockey League franchise, the Columbus Blue Jackets. In 2007, the Nationwide Bank opens. Today, Nationwide is a Fortune 100 company with a full range of insurance and financial services across the country, including car, motorcycle, boat, homeowners, pet, farm, life and commercial insurance, annuities, mortgages, mutual funds, pensions, long-term savings plans and specific health services.
Farmers Insurance began selling insurance a year before the Great Depression and survived to become a household name. Founders John C. Tyler and Thomas E. Leavey started off by going farm to farm to gain their first policies. They specifically lowered rates for farmers and ranchers because they understood that these occupations posed fewer risks with their vehicles. By 1928, they were able to open an office in downtown Los Angeles. During the Great Depression, Farmers was one of the few companies that were able to pay claims. When a devastating earthquake hit Los Angeles, Farmers paid out claims for damaged cars and became the first insurance company to offer comprehensive insurance.
Below is a list of the average rates that drivers typically pay with Nationwide and Farmers. On average, Nationwide charges approximately $213.12 per month while Farmers comes in at around $287.68 per month. For Nationwide, the cheapest state average is North Carolina at $95.86 per month and the most expensive is New York at $338.81 per month. For Farmers, the cheapest state average is North Dakota at $119.80 per month and the most expensive is Michigan at $791.52 per month.
|District of Columbia||$236.59||-|
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Nationwide and Farmers typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Nationwide||Farmers|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Nationwide charges $194.92 per month and Farmers charges $286.65 per month for customers who own their home.
Which car insurance company is better? We've made it easy to compare companies side by side. See how Nationwide and Farmers ranked among the industry ratings.
|JD Power Ranking||About Average||About Average|
|NAIC Complaint Index||0.38||0.8|
What coverage is available through Nationwide and Farmers? Both insurance companies offer Auto, Commercial, Home, Life, Motorcycle, and RV Insurance. Additional products from Nationwide insurance also includes Farm, Health, Pet, and Umbrella Insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Nationwide and Farmers Insurance page.
Farmers offers a wide range of discounts to its policyholders, including Distant Student, Electronic Funds Transfer (EFT), and Good Student discounts. Nationwide also offers a few discounts that Farmers doesn’t including SmartRide, Passive Occupant Restraint, and Paperless Documents discounts. Start taking advantage of discounts offered by insurance providers like Farmers and Nationwide insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Accident-free Discount||Alternative Fuel Discount|
|Advance Quote Discount||Distant Student|
|Affinity Car Insurance Discounts||Electronic Funds Transfer (EFT) Discount|
|Anti-theft Discount||Good Student|
|Defensive Driving Discount||Homeowner Discount|
|Easy Pay Discount||Multi-Car Discount|
|Farm Bureau Discount||Multi-policy Discount|
|Good Student Discount||Occupational Discount|
|Long-term Policyholder Discount||Pay-in-Full Discount|
|Multi-policy Discount||Teen Driver Discount|
|Nationwide Family Plan||Transfer Discount|
|Passive Occupant Restraint Discount|
The Nationwide Mobile App for Android, iPhone and iPad lets you access accounts on the go. The app features fingerprint and facial login to a dashboard where you make payments, manage payment methods and save or share ID cards with drivers on your policy. You can also file a claim and check on its status. The app comes fully equipped to connect with roadside assistance too.
The Farmers app is available for iOS and Android. The Farmers Mobile App allows you access to self-service features.
|Nationwide Mobile App|
|iOS||3.6||3K user reviews|
|Android||4.3||1.4K user reviews|
|Farmers Mobile App|
|iOS||4.8||3K user reviews|
|Android||4||3K user reviews|
|Nationwide Contact Info|
|Address||P.O. Box 742522, Cincinnati, OH 45274-2522|
|Farmers Contact Info|
|Address||6301 Owensmouth Avenue, Woodland Hills, CA 91367|
|Phone||1 (800) 974-6755|
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
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