Nationwide insurance review 2021

Nationwide has been providing insurance since 1926. It was originally called the Farm Bureau Mutual Automobile Insurance Company. It serves more than just farmers and automobiles, thanks to its simpler title. It covers homes, farms, pets, recreational vehicles, as well as investment products like annuities, pension plans, and mortgages.

Nationwide auto insurance

Nationwide auto insurance covers both liability and physical damage. It also covers your vehicle if you are at fault in an accident. Nationwide, a national provider of auto insurance, offers a wide range of programs. These include innovative low-mileage and safe driver coverage. This program uses telematics technology to monitor your driving skills in real time, rewarding safe driving with significant discounts of up to 40% off your premium.

Insurance

  • Bodily injury liability covers medical bills, lost income and other damages if you are responsible for an accident.
  • When you are responsible for an accident, property damage liability covers damages to other people’s vehicles and property.
  • No matter who is responsible for an accident, personal injury protection (PIP), covers medical expenses for the policyholder and their guests.
  • Uninsured motorist or underinsured motorist coverage covers you and your passengers’ property damage and medical expenses in the event of an accident involving your car.
  • The coverage covers medical expenses for injuries suffered by passengers in your vehicle or pedestrians. You may also be covered for medical expenses incurred while riding in another vehicle.
  • No matter who is at fault for an accident, collision coverage covers repairs to your vehicle.
  • Comprehensive coverage covers theft and damages not caused by collisions with other vehicles or objects. This includes hail and collisions with animals, such as deer.
  • If your car is damaged in an accident, rental car expense coverage may help you pay the fees.
  • If your car is stolen, totaled or lost, gap insurance covers the difference between the remaining finance amount and actual cash value.
  • Roadside assistance is available 24 hours a day and pays for any emergency costs such as jump starts and towing, tire change, tire rotations, lockouts, and gas delivery.

Car insurance nationwide: What is the cost?

Nationwide drivers pay less than the average. The average cost of full coverage in the U.S. at the moment is $1,674 per annum, and the minimum is $565 per annum. Nationwide customers pay an average of:

Minimum coverage at an average annual costAverage annual cost of full coverage
$501$1,485

Your driving record, age, and location all impact the cost of your premium. Get a quote directly from Nationwide to get an idea of what you can expect to pay.

Get Discounts

  • Multi-policy Discounts: Get an average savings of $646 each year by combining home and auto.
  • SmartRide: Nationwide’s usage-based Telematics Program could give you a discount and provide feedback on your driving choices.
  • SmartMiles: A flexible monthly rate based on how often you drive your car, could help you save money.
  • Nationwide may offer discounts for safe drivers if you’ve been driving for five years without any major accidents or violations.
  • Accident-free discounts: This discount could be yours if you have a clean driving record and get your Nationwide insurance.
  • Student discounts are available for those aged between 16 and 24 who have a minimum B-average or higher.
  • Discounts on defensive driving courses: If you’re 55 years old or older and have completed a state-approved driver safety program, you can save.
  • Anti-theft device discounts available: You may be eligible to receive a Nationwide discount if you have an anti theft device in your vehicle.
  • Discounts on automatic payments: Sign up for EasyPay to receive a special one-time discount
  • Discounts for organizations: National partners with hundreds alumni associations, professional and sports groups to offer members discounts

Nationwide home insurance

Nationwide home insurance covers your home against natural disasters as well as perils. It also offers discounts that can help you reduce your premium.

Types of coverage

  • Personal liability: This protects you if someone injures another person or causes property damage outside of your home.
  • Medical payments to others: These are the medical expenses for someone who is injured on your property.
  • Dwelling Insurance: This insurance covers the structure of your home from foundation to roof. It also includes wall-to-wall carpet.
  • Personal property coverage: This covers damage to items you own, such as furniture and clothes. You may need to add an additional rider or add-on if you have valuable items, such as jewelry or electronic devices.
  • Ordinance insurance: This can help you cover the cost of repairs or rebuilding your home according to current building codes.
  • Additional structures: Your basic dwelling policy covers damage to attached structures to your home like a garage or built-in shed. This coverage will pay for damage to the garage, shed, gazebo, barn, or any other detached structure.
  • Loss of use: This will cover costs incurred while your home is being fixed due to a covered loss.
  • Credit card coverage: Covers credit cards up to the limit of your debit/ATM/credit cards for unauthorized transactions
  • Identity theft: If your identity is stolen, this optional coverage will protect you.
  • Replacement cost plus: If required, this optional coverage can be added to your property coverage limit by up to 20%.
  • Water backup: This covers water back-up through your sewer, or in the event that your sump pump bursts.
  • Earthquake: If you live in an area that is known for earth shakings, this coverage can be added.

Nationwide Home Insurance: What is the Cost?

The average cost of home insurance for a $250,000 house is $1,366 per year.

Remember that insurance costs can vary depending on many factors. These factors include age, location, and replacement costs. You might pay less or more for homeowners insurance. Call an agent to get a better idea of what you need.

Get Discounts

  • Multi-policy: Combine your home and car insurance to save money
  • Protective device: If you have smoke detectors and fire alarms in your house, you could be eligible for a discount.
  • You may be eligible for an additional discount on your premium if you don’t make any claims.
  • Credit for home renovation: If you are renovating or updating your heating, cooling, or electrical systems, you may be eligible to receive a discount.
  • Roof rating: Upgrading your roofing system can save you money.
  • Purchase a home: You may be eligible for a discount if you’ve bought your house in the past 12 months.
  • Pre-existing insurance: A discount may be offered to new customers based on the length of their previous coverage.
  • Gated community: You might qualify for savings if your neighborhood is secured by security guards, residence card or key-lock devices.

Nationwide life insurance

Nationwide offers life insurance for the following types: auto, home and business insurance.

Types of coverage

  • Term This policy can be used to replace income or provide a safety net for your loved ones. This policy might be a good choice if you are looking for coverage while your children still have their parents or make mortgage payments.
  • Whole This policy preserves the wealth that you want to pass on to your beneficiaries. It could also be used as an estate planning tool. This policy is the most popular type of permanent insurance policy. It has fixed premium payments and a guaranteed cash amount.
  • Universal: This provides death benefits, cash value, and flexible payment options. You can adjust your premiums and death benefit value to get universal coverage.
  • Variable – Similar to whole life insurance, variable life offers a tax-free benefit for your beneficiaries but also provides the benefit of an investing component.

Get Discounts

Life insurance policies are not eligible for discounts like auto and home insurance. Nationwide does offer an online guide that will help you choose the right policy for your needs and budget.

The top reasons to think about Nationwide

A Nationwide auto policy with full coverage costs $1,485 annually, while the average is $1.674 per annum. This is an average savings of $189 per year, but discounts could help you save even more. Nationwide offers customer loyalty discounts that allow you to save money on your insurance. This means you can use Nationwide for more than one of your insurance needs. Customers who do this bundle their vehicle with their home (condos, apartments, homeowners) or use Nationwide for multiple vehicles.

Nationwide has excellent coverage options. You can customize your policy with a wide range of riders and add-ons. Nationwide could be a good choice for customers who are looking for a policy from an established, well-respected company with a track record.

Ratings, customer satisfaction, and complaints from across the nation

J.D. J.D.J.D. J.D.AM Best
876 (eighth) out of 1,000 points886 of 1,000 points (fifth)A+ (Superior).

2020 J.D. Nationwide was eighth out of 24 insurers in the 2020 J.D. Nationwide scored 876 out of 1,000 based on claims handling.

2020 J.D. Nationwide was rated fifth in the Power Property Claims Satisfaction Study. This is well above industry average (886 points out 1000). This shows a high level of customer satisfaction and claims service for homeowners.

AM Best rates Nationwide’s financial strength as A+ (Superior),. This indicates its ability to pay claims in a satisfactory manner. The Better Business Bureau also gives Nationwide an rating. The BBB rates companies based on several factors: how quickly a company responds, how many complaints they receive, how responsive they are to complaints, and how successful they resolve them.

Nationwide insurance reviews revealed that customers and claimants filed complaints against Nationwide with the BBB similar to other companies. Customers complained about slow service from claims adjusters and miscommunications regarding claims. Others disagreed with the settlement amount or delayed payouts.

Nationwide also offers additional policies

Nationwide offers many financial products in addition to homeowners and car insurance.

  • Flood, condo, and renters insurance
  • Insurance for motorcycle, snowmobile, classic vehicle, ATV, RV and scooter owners.
  • Insurance for pets, dental, life, and umbrella.
  • Specialty liability insurance for weddings, travels and other specialties
  • Annuities, mutual funds, retirement plans, and life insurance
  • Checking, savings and money market accounts

Questions frequently asked

Which is the best auto insurer?

The best Auto Insurance Company depends on your needs, your budget, your driving habits, and what kind of vehicle you drive. It is important that you shop around for multiple quotes, and research the financial standing, customer satisfaction, and discount options of each company.

Which is the best company for home insurance?

We looked at home insurance options from different companies, just like we did with auto policies. This article will help you choose the right insurance company for your home.

Which is the best life-insurance company?

Life insurance is an important investment that will pay off in the future. For your convenience, we have compiled information on various companies that offer life insurance.

What information do I need in order to receive a Nationwide auto quote?

A Nationwide agent will need information about your vehicle’s make and model, where you live, your age and how many miles you drive each year. A Nationwide agent might also ask for your Social Security number in order to conduct a credit check.

How can I file a claim at Nationwide?

Call your Nationwide agent to file a claim or go online at Nationwide.com. You can follow the progress of your claim on Nationwide’s website after you have filed it.