- Nationwide has excellent financial strength ratings, with an A+ (Superior) designation from AM Best
- The company holds 2.55% of the total market share across all property and casualty insurance products, according to the National Association of Insurance Commissioners (NAIC)
- Nationwide’s insurance home and auto policies are sold across most of the United States
Nationwide is one of the largest property and casualty insurance companies in the United States, with 2.55% of the total market share. The company was founded in 1925 and is headquartered in Columbus, Ohio. Nationwide offers a long list of insurance products, including auto, home, and life insurance. Most of Nationwide’s policies are available in a majority of states and Washington D.C., but some policies have limited availability.
Nationwide Insurance Overview
|J.D. Power Customer Satisfaction Score J.D. Power scores are based on surveys for customer satisfaction and product quality.||AM Best Financial Strength AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.||States Available|
|Pin Auto insurance||Varies by region||A+ (Superior)||46 states|
|Pin Home insurance||812/1,000||A+ (Superior)||43 states|
|Pin Life insurance||813/1,000||A+ (Superior)||50 states + D.C.|
Nationwide Auto Insurance
Nationwide is well-known for its car insurance policies. The company offers a variety of coverage options, including personal injury protection, accident forgiveness, gap insurance, and a total loss deductible waiver. You can also take advantage of multiple discounts to get additional savings. Nationwide auto insurance is sold across most of the United States, but it is not available in every state. Discounts and specific coverage may also vary by state.
Strengths: Nationwide makes it easy to customize your policy with add-on coverage that can enhance your financial protection or adapt to your driving habits. For example, it sells a pay-per-mile policy, called SmartMiles, that may be a good option for infrequent drivers. We also like that Nationwide makes it easy to get a quote and file claims online or through the free mobile app.
Restrictions: You cannot get Nationwide car insurance in every state. Currently, the company does not underwrite auto insurance policies in Hawaii, Alaska, Massachusetts, or Louisiana. The Nationwide app is also more suited to managing auto insurance; home insurers may be limited in some app functionality.
Discounts: Nationwide boasts an impressive list of discounts, which includes savings for bundling your policies, being accident-free, having an anti-theft device, being a good student, enrolling in the SmartRide safe driver reward program, among others.
Nationwide Home Insurance
In addition to auto insurance, Nationwide sells home insurance in 43 states. Policyholders can choose from a number of endorsements to customize their policy, including specialized roof coverage. Plus, if you have an auto policy with Nationwide, you may save on both policies by bundling with your home policy.
Strengths: Nationwide has excellent home insurance endorsements, which makes it easy to build a policy that fits your unique needs. Some of the add-on options include Better Roof Replacement®, Brand New Belongings®, law/ordinance coverage, and water backup coverage.
Restrictions: As is the case with auto insurance, Nationwide home insurance is not sold in all states. If you live in Massachusetts, New Jersey, Florida, Louisiana, New Mexico, Hawaii, or Alaska, you are not eligible for home insurance coverage.
Discounts: Nationwide offers great discounts for home insurance. You can save money by living in a gated community, renovating your home’s major systems, having a newer roof, purchasing a home within the last year, staying claim-free, bundling your policies, among others.
Nationwide Life Insurance
Nationwide’s life insurance offerings are highly rated. In J.D. Power’s 2021 U.S. Individual Life Insurance Study, Nationwide was ranked second for overall customer satisfaction, out of 21 total providers. You can choose from several different types of life insurance depending on your family’s needs and your budget. Nationwide life insurance coverage is available in all 50 states, although not all policy types are offered in all states.
Strengths: Nationwide offers a handful of life insurance policies to choose from, including term, whole, universal, and variable universal life insurance. The website also contains lots of great resources and calculators to help you determine what type of policy is right for you and how much coverage you might need.
Restrictions: Nationwide does not offer any guaranteed acceptance life insurance policies. Most policies require a medical exam, so if you have pre-existing health conditions, it might be more difficult to get approved for coverage.
Discounts: Nationwide does not advertise any life insurance discounts on its website.
Frequently Asked Questions
The best car insurance company depends on many different factors unique to your situation, such as whether or not cost, customer experience, and policy management are priorities to you. To find the best auto insurance carrier, experts recommend shopping around and comparing at least three providers, using your own criteria. Then, get a few quotes to see which company is the cheapest for your situation.
Yes, you can purchase motorcycle insurance from Nationwide. You can also buy vintage motorcycle insurance if your bike or scooter was made before 1974.
Nationwide offers a wide variety of insurance products. In addition to auto, home, and life insurance, you can also get condo insurance, renters insurance, flood insurance, classic car insurance, boat insurance, golf cart insurance, pet insurance, dental insurance, travel insurance, wedding insurance, umbrella insurance, identity theft insurance, and others.