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Nationwide Review

Nationwide homeowners insurance offers a wide variety of coverage against all sorts of perils and some of the best homeowner discounts in the industry, but you have to speak to a representative if you want to get a direct quote. Get Quotes

Fletcher Wilson

Fletcher Wilson

Homeowners Insurance Expert

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Updated: March 19, 2014

The Good

Protect your home from all sorts of damage:

Nationwide homeowners insurance offers protection against all kinds of damage, including fire, water, lightning, tornadoes, and theft of your personal property. You can also purchase additional coverage against earthquakes, landslides, and floods, which could be especially useful to have if you live in an area that is prone to any of these disasters. Nationwide also allows you to add an umbrella policy and identity fraud expense coverage as well. If something does happen to damage your home, Nationwide will even pay for your living expenses while your home is being fixed.

Wide variety of homeowner discounts:

Nationwide homeowners insurance offers some of the best discounts in the industry, including a 20% discount for bundling your home and auto insurance with Nationwide. Installing protective devices, such as smoke detectors or burglar alarms, will earn you another 15% off, and remaining claim-free is worth another 20%. The age of the home and the age of the insured can earn you some big discounts as well. Nationwide also offers a few unique discounts, including up to 5% off if you are married or widowed.

Brand New BelongingsSM:

If your personal property is damaged or stolen, Nationwide's Brand New BelongingsSM program will help you either repair or replace them with brand-new versions. Nationwide will send you the cash value of the damaged items, and then you can either have them repaired or purchase new ones. Then you just send the receipts back to Nationwide and they will pay you for the difference. It's that simple. If you don't want to go through all the trouble of replacing your stolen or damaged items yourself, you can speak to a Nationwide agent and they will take care of it for you.

The Bad

Mixed financial strength ratings:

Although Nationwide homeowners insurance does have an A+ financial strength rating from A.M. Best, their overall financial outlook doesn't appear to be as strong as some of their competitors. Finding a company that has a strong financial outlook is somewhat important because you want to know that they are going to be there in the future.

Can't get a quote online:

Nationwide does not have an online tool that you can use to get a homeowners insurance quote. Instead, you must call Nationwide, or fill out a form online and wait for them to contact you. Finding the right homeowners insurance policy can be a tricky process, so having an agent to talk to is often very helpful. If you are just comparison shopping, you can get a quote from multiple providers.

The Details

Details
AM Best FSR A+
AM Best ICR aa-
Financial Size Category $2 billion or greater
FSR Outlook/Implication Negative
ICR Outlook/Implication Negative
Moodys Financial Strength A1
Standard and Poors FSR A+

Features

Home Insurance Coverages

Read Less
  • Condominium Insurance (HO6) - The insurance provider offers HO6 coverage for condos.
  • Farm/Ranch - You can buy insurance to protect your farm or ranch.
  • Premier Policy (HO5) - The insurance providers offers HO5 coverage that includes open perils coverage on personal property.
  • Rental Property Insurance - You can buy insurance to protect your rental property.
  • Renters (HO4) - The insurance provider offers renters insurance.
  • Special Form (HO3) - The insurance provider offers HO3, open perils coverage.
  • Mobile Home - You can buy insurance to protect your mobile home.
  • Older Homes (HO8) - The insurance provider offers HO8 coverage for older homes.

Homeowner Discounts

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Perils Coverage

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Policy Coverage

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Additional Policy Protection

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Claims

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Online Tools

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Payment Options

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Support

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Financial Strength

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Learning Materials

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Mobile

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Comparable Homeowners Insurance Providers

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