State Farm vs. Nationwide Insurance

Which insurance company is right for you? Compare rates, coverage, and quotes from State Farm and Nationwide.

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State Farm vs. Nationwide: What You Need to Know

State Farm was founded in 1922 by George Jacob “G.J.” Mecherle, a retired farmer and insurance salesman. The code of conduct for the company has always been “to help people manage the risks of everyday life, recover from the unexpected and realize their dreams.” From the start, the company was branded as being “Like a good neighbor” and for “being there” for all State Farm customers. Fittingly, the State Farm agent in the television commercials is Patrick Minnis, a real State Farm insurance agent from Tempe, AZ. In 1971, Barry Manilow wrote the famous State Farm jingle that cemented the company’s brand as a helpful neighbor and Weezer covered the famous jingle in 2011.

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.

Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit State Farm Overview and Nationwide Overview.

State Farm vs. Nationwide: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with State Farm and Nationwide. On average, State Farm charges approximately $153.66 per month while Nationwide comes in at around $200.21 per month. For State Farm, the cheapest state average is Idaho at $73.26 per month and the most expensive is Michigan at $317.19 per month. For Nationwide, the cheapest state average is North Carolina at $91.69 per month and the most expensive is Nevada at $351.47 per month.

State Farm

Average Rate

$153.66
Nationwide

Average Rate

$200.21
National

Average Rate

$117.77
State State Farm Nationwide
Alabama $141.41 $137.06
Alaska $106.48 -
Arizona $154.41 $210.68
Arkansas $113.76 $132.69
California $197.35 $264.59
Colorado $138.92 $172.09
Connecticut $145.69 $180.32
Delaware $140.96 $178.06
District of Columbia $151.93 $226.08
Florida $184.47 -
Georgia $155.65 $174.00
Hawaii $106.23 -
Idaho $73.26 $127.83
Illinois $110.66 $145.46
Indiana $91.30 $127.32
Iowa $81.49 $108.88
Kansas $116.24 $136.51
Kentucky $106.58 $244.43
Louisiana $205.11 -
Maine $73.74 -
Maryland $193.89 $198.40
Massachusetts $76.65 -
Michigan $317.19 $320.83
Minnesota $112.73 $187.37
Mississippi $117.96 $141.60
Missouri $112.63 $174.92
Montana $84.59 -
Nebraska $104.09 $132.97
Nevada $175.72 $351.47
New Hampshire $84.14 $117.08
New Jersey $198.52 -
New Mexico $111.89 -
New York $258.43 $313.80
North Carolina $87.43 $91.69
North Dakota $87.46 -
Ohio $85.15 $118.60
Oklahoma $114.89 -
Oregon $109.69 $136.44
Pennsylvania $121.91 $127.09
Rhode Island $105.60 $214.79
South Carolina $105.77 $139.45
South Dakota $94.84 -
Tennessee $96.60 $156.64
Texas $117.04 $200.89
Utah $162.56 $141.28
Vermont $109.90 $100.63
Virginia $92.21 $157.08
Washington $106.02 $135.20
West Virginia $88.17 $203.46
Wisconsin $81.53 $107.81
Wyoming $145.13 -

State Farm vs. Nationwide: Rates by Number of Vehicle

Home

Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that State Farm and Nationwide typically charge for drivers who have more than 1 vehicle.

Number of Vehicles State Farm Nationwide
1 Vehicle $142.33 $185.41
2 Vehicles $194.53 $250.56
4 Vehicles $277.49 $377.80
3 Vehicles $338.26 $385.44

State Farm vs. Nationwide: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average State Farm charges $148.24 per month and Nationwide charges $186.05 per month for customers who own their home.

Own/Rent State Farm Nationwide
Own $148.24 $186.05
Rent $156.74 $208.08

What is State Farm and Nationwide Insurance Rating?

Which car insurance company is better? We've made it easy to compare companies side by side. See how State Farm and Nationwide ranked among the industry ratings.

ComparisonState FarmNationwide
Year Founded19221925
Market Share10.1%2.7%
A.M. Best RatingA+
BBB RatingNRA+
Financial StrengthExcellentExcellent
JD Power RankingAbout AverageAbout Average
Moody’s RatingAA1
NAIC Complaint Index2.580.38
S&P RatingAAA+

State Farm or Nationwide: Insurance Products Offered

What coverage is available through State Farm and Nationwide? Both insurance companies offer Auto, Commercial, Health, Home, Life, Motorcycle, and RV insurance. Additional products from State Farm insurance also includes Condo and Renters insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit State Farm and Nationwide Insurance page.

InsuranceState FarmNationwide
Auto Insurance
Commercial Insurance
Condo Insurance
Farm Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Pet Insurance
Renters Insurance
RV Insurance

State Farm or Nationwide: Ways To Save

State Farm offers a wide range of discounts to its policyholders, including Anti-theft, Defensive Driving, and Good Driving discounts. However, Nationwide also offers a few discounts that State Farm doesn’t, including SmartRide, Passive Occupant Restraint, and Paperless Documents discounts. Start taking advantage of discounts offered by insurance providers like Nationwide and State Farm insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

State FarmNationwide
Accident-Free DiscountAccident-free Discount
Anti-theft DiscountAdvance Quote Discount
Defensive Driving DiscountAffinity Car Insurance Discounts
Good Driving DiscountAnti-theft Discount
Multiple Auto DiscountDefensive Driving Discount
Multiple Line DiscountEasy Pay Discount
Passive Restraint DiscountFarm Bureau Discount
Safe Driver DiscountsGood Student Discount
Student Away at School DiscountLong-term Policyholder Discount
Vehicle Safety DiscountMulti-policy Discount
Nationwide Family Plan
New Vehicle
Paperless Documents
Passive Occupant Restraint Discount
SmartRide Discount

Pros & Cons of State Farm & Nationwide

Pros

State Farm
  • State Farm is the largest auto insurer in the U.S and offers insurance in all states.
  • There are more than 19,000 captive agents across the country so it’s easy to find an agent in your area.
  • State Farm offers a range of insurance packages and is the #1 insurer for watercraft.
  • The State Farm app is an award-winning tool for managing your insurance and bank account.
Nationwide
  • Up to 20% off when you bundle home, auto, life and other policies with Nationwide.
  • Big savings for safe driving history.
  • On Your Side Auto Repair Network guarantees the workmanship on repairs.
  • Vanishing deductible.

Cons

State Farm
  • State Farm does not offer accident forgiveness options.
Nationwide
  • High rates for people with an imperfect driving history.
  • Credit check in most states.

State Farm or Nationwide Mobile Apps Options

The State Farm Mobile app is available for iOS and Android. This award-winning mobile app can help manage insurance and banking accounts, request roadside service, file and track claims and pay bills.

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.

State Farm Mobile App
iOS     4.815K user reviews
Android     4.116K user reviews
Nationwide Mobile App
iOS     3.63K user reviews
Android     4.31.4K user reviews

State Farm & Nationwide Contact Info

State Farm Contact Info
AddressOne State Farm Plaza, Bloomington, IL 61710
Phone1-800-732-5246
Websitehttps://www.statefarm.com
Facebookhttps://www.facebook.com/statefarm
Twitterhttps://twitter.com/statefarm
Youtubehttps://www.youtube.com/statefarm
Linkedinhttps://www.linkedin.com/company/state_farm/
Nationwide Contact Info
AddressP.O. Box 742522, Cincinnati, OH 45274-2522
Phone1-877-669-6877
Websitehttps://www.Nationwide.com
Facebookhttps://www.facebook.com/nationwide/
Twitterhttps://twitter.com/Nationwide
Youtubehttps://www.youtube.com/channel/nationwide
Linkedinhttps://www.linkedin.com/company/nationwide/

Methodology
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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