Nationwide Insurance: Company Overview

Based in Columbus Ohio, Nationwide is one of the largest national carriers with over 34,000 employees.

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About Nationwide

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.

Nationwide Facts & Ratings

Year Founded 1925
Market Share 2.7%
Financial Strength Excellent
JD Power Ranking About Average
A.M. Best A+
BBB Rating A+
NAIC Complaint Index 0.38
Moody’s Rating A1
S&P Rating A+

Nationwide Mobile App Rating

iOS 3.6 3K user reviews
Android 4.3 1.4K user reviews

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.

Pros & Cons of 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 workmanship on repairs.
  • Vanishing deductible.
  • High rates for people with an imperfect driving history.
  • Credit check in most states.

Common Questions about Nationwide

Does Nationwide offer earthquake insurance?

Yes, Nationwide offers earthquake insurance.

Does Nationwide home insurance cover water damage?

Nationwide may cover water damage caused by a covered peril. However, flood insurance is bought separately from home insurance and is the only way to be covered for water damage caused by a flood.

Does my insurance cost go up after reporting a claim with Nationwide?

Often, insurance rates go up after filing a claim regardless of the insurance company you are with.

What information do I need to file a claim with Nationwide?

If you’ve been in an accident, you’ll need a police report and contact/insurance information about the other driver.

How expensive is Nationwide compare to other insurance?

On Average, Nationwide is about $164 per month for a basic auto insurance policy. This is similar to the national average.

Who can beat Nationwide insurance rates?

Insurance rates vary according to many factors. You can compare rates from multiple carriers here on SmartFinancial.

How much does insurance go up by adding a teen driver?

Teens can raise rates dramatically but rate increases will vary according to many factors. Compare auto insurance quotes by visiting here.

How much can I save by bundling Auto and Home with Nationwide?

You can save up to 20% by bundling auto, home and life with Nationwide.

Does Nationwide cover flood damage?

Yes, Nationwide offers flood insurance, which covers flood damage.

What type of discounts does Nationwide offer?

Multi-policy Discounts, SmartRide Discount, Nationwide Family Plan, Accident-free Discount, Paperless Documents, Good Student Discount, Anti-theft Discount, Easy Pay Discount, Affinity, Car Insurance Discounts, Farm Bureau Discount, Defensive Driving Discount, New Vehicle, Passive Occupant Restraint Discount, Long-term Policyholder Discount, Advance Quote Discount.

What is the Nationwide Vanishing Deductible program?

Nationwide’s Vanishing Deductible program will lower your comprehensive and/or collision deductible by 100% for every year's safe driving.

Does Nationwide insurance offer gap coverage?

Yes, Nationwide offers gap coverage.

What are Nationwide home insurance coverage options?

Basic homeowners insurance covers dwelling, contents, personal liability, medical payments to others, ordinance or law insurance, coverage for other structures, loss of use, credit card coverage and options you can buy in addition to home insurance, including identity theft, valuables plus, replacement cost plus, water backup, earthquake and flood insurance.

What steps do I need to take when filing homeowners claim?

You should have an inventory of the damages and photos. Call your insurance agent for more information. If you do not have a trusted agent, enter your zip code here and see if an agent can you a better rate than the one you have now.

Nationwide Insurance Products

Car Insurance Motorcycle Insurance
Boat Insurance Homeowners Insurance
Pet Insurance Farm Insurance
Life Insurance Commercial Insurance
Annuities Mortgages
Mutual Funds Pensions
Long-Term Savings Plans Health Services

Nationwide Auto Insurance Coverage

Bodily Injury Liability

This form of coverage is required in every state. It covers bodily injuries to a third party in an accident that was deemed your fault.

Property Damage Liability

This form of coverage is required in every state. It covers property damage and loss of use to a third party.Uninsured/Underinsured Motorist: This form of coverage covers damages when the other party is at fault but is either uninsured or underinsured.

Comprehensive Coverage

This coverage pays for damages and loss other than that caused by a collision. It is subject to a deductible.

Collision Coverage

This coverage pays for damages and loss caused by impact with another automobile, object or person. It is subject to a deductible.

Medical Payments

This type of protection will cover you if you’ve been injured in an accident, regardless of who’s at fault. Coverages include income continuation, loss of services, funeral expenses and child-care expenses.

Roadside and Accident Assistance

This is an optional coverage that reimburses the insured for the car rental, towing and labor.

Discounts

Multi-policy Discount SmartRide Discount
Nationwide Family Plan Accident-free Discount
Paperless Documents Good Student Discount
Anti-theft Discount Easy Pay Discount
Affinity Car Insurance Discounts Farm Bureau Discount
Defensive Driving Discount New Vehicle
Passive Occupant Restraint Discount Long-term Policyholder Discount
Advance Quote Discount

Nationwide Auto Insurance Rates by State

Below is a list of the average rates that drivers typically pay with Nationwide. On average, Nationwide charges approximately $218.28 per month. The cheapest state average is North Carolina at $93.05 per month followed by Vermont at $100.71 per month. The most expensive state average is New York at $447.70 per month.

State Avg monthly rate
AL $130.20
AR $160.15
AZ $230.89
CA $236.97
CO $186.35
CT $201.76
DC $206.79
DE $145.28
GA $216.65
IA $109.46
ID $134.24
IL $181.85
IN $116.05
KS $132.34
KY $234.81
MD $233.24
MI $305.02
MN $174.57
MO $204.63
State Avg monthly rate
MS $148.88
NC $93.05
NE $110.17
NH $137.48
NV $294.83
NY $447.70
OH $113.63
OR $143.58
PA $122.86
RI $354.93
SC $138.52
TN $167.62
TX $178.29
UT $155.26
VA $132.32
VT $100.71
WA $123.44
WI $128.02
WV $135.51

Nationwide Auto Insurance Rates by Vehicle

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

Number of Vehicles Avg Monthly Rate
1 Vehicle $203.25
2 Vehicles $276.04
3 Vehicles $377.77
4 Vehicles $522.61
5 Vehicles $654.73
6 Vehicles $779.01
7 Vehicles $950.92

Nationwide Auto Insurance Rates by Homeownership

Customers who own their home rather than rent can sometimes get a small discount. We found that on average Nationwide charges $202.08 per month for drivers who own their home and $224.59 per month for those who rent.

Own/Rent Avg Monthly Rate
Own $202.08
Rent $224.59

Nationwide Contact Info

Address P.O. Box 742522, Cincinnati, OH 45274-2522
Phone 1-877-669-6877
Website https://www.Nationwide.com
Facebook https://www.facebook.com/nationwide/
Twitter https://twitter.com/Nationwide
Youtube https://www.youtube.com/channel/nationwide
Linkedin https://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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