Nationwide Motorcycle Insurance Review
Nationwide is one of the largest insurers in the US, offering auto and life insurance and everything in between. Although Nationwide does not specialize in motorcycle insurance, the provider offers a nice selection of optional coverages and discounts tailored to motorcyclists.
Safe drivers and high-risk motorists can find motorcycle coverage with Nationwide, and the company’s multi-policy discount makes them a good option for people who already use Nationwide for home or auto insurance.
This provider’s vanishing deductibles and OEM endorsement are valuable add-ons that give bikers more bang for their buck. But Nationwide’s limited availability and mixed customer reviews are definitely things to watch out for when choosing reliable motorcycle insurance.
Nationwide’s positive financial strength is expected for an insurance provider of its size and profile. The company’s 24/7 online claims servicing and web-based quoting makes them a good option for newer generations.
|Many discounts available|
Custom & vintage bike Coverage
Optional OEM endorsement
24/7 online claims support
|Limited availability |
Mixed customer satisfaction
Nationwide Motorcycle Insurance Overview: Financial Strength, Availability, and History
Like most large insurance companies, Nationwide has its fair share of customer complaints. But according to the National Association of Insurance Commissioners (NAIC), Nationwide Mutual Insurance Company has received a below-average number of complaints, compared to others in the industry.
The company is accredited with the Better Business Bureau and holds an “A+” rating, despite having over 200 customer complaints on Nationwide’s BBB profile. Fortune included Nationwide in their list of “100 Best Companies to Work For,” which speaks well of the company culture.
- In business since: 1926
- States served (availability): 43
- Standout features: Nationwide On Your Side® Claims Service guarantee, custom/vintage motorcycle coverage, optional OEM endorsement and roadside assistance.
|Advertised discounts||A.M. Best Financial Strength Rating||24/7 Claims Support||Online Resources||Vintage/ Classic bike coverage|
All information accurate as of [5/14].
How We Evaluated Nationwide Motorcycle Insurance
Factors evaluated include the providers financial strength as indicated by organizations such as AM Best and Standard & Poors, customer service ratings and support, as well as average premiums.
The Bottom Line
For people located in the 43 states served, Nationwide should be one of the first stops for a motorcycle insurance quote. Although safe drivers will get a better rate, the company also covers some high-risk motorcyclists as well.
Qualifying for Nationwide’s valuable discounts will reduce the cost of coverage substantially. Discounts for multiple policies, theft-recovery devices and motorcycle safety courses will help to offset the cost of add-on coverages, such as custom equipment and original equipment manufacturer (OEM) endorsement.
Nationwide’s strong financial rating and 24/7 claims support indicates the company will have no problem paying claims fast and efficiently. Policyholders who are safe drivers will enjoy the company’s Vanishing Deductible® feature.
Because of the multi-policy discount, Nationwide works well for motorcyclists who also use the company for other forms of insurance.
Nationwide Motorcycle Insurance FAQ
Nationwide offers $100 off deductibles for every year of safe driving. The company will extend this benefit up to $500.
For motorcycles less than 10-years-old, Nationwide offers a guarantee that the motorcycle will be repaired with new parts from the original equipment manufacturer (OEM). If the part is unavailable, the company will issue a payment based on the part’s fair market value.
Nationwide offers specialized policies for custom and vintage motorcycles, as well as insurance for dirt bikes, mopeds, scooters, trikes and auto cycles.