Ranked 76th on the Fortune 500 list of the biggest United States corporations by total revenue, Nationwide Mutual Insurance Company, or simply Nationwide, is a group of U.S. insurance and financial companies based in Columbus, Ohio. The insurance company employs over 25,000 people and serves millions of insurance seekers in the United States.
But is Nationwide better than the other prominent U.S. insurers: Allstate, USAA, Progressive, State Farm, or The Hartford? Find out in this review.
In the last two decades, Nationwide has added a few new types of insurance to its pool of services and transformed into a digital insurance provider with a user-friendly mobile app and the ability to file claims online.
Nationwide Insurance: Major and Additional Insurance Policies
| Coverage Type | What’s Covered |
| Bodily Injury Liability | Medical bills and loss of income of a third party injured in a car accident caused by the policyholder |
| Property Damage Liability | Damage to a third party’s car or property resulting from a car accident caused by the policyholder |
| Personal Injury Protection | Medical expenses and medical treatment of the injuries suffered by the policyholder (as the at-fault driver, passenger, or pedestrian) and passengers |
| Uninsured Motorist | Coverage from hit-and-run accidents and uninsured drivers |
| Underinsured Motorist | Coverage from underinsured drivers |
| Medical Payments | Medical expenses of the policyholder and passengers |
| Coverage Type | What’s Covered |
| Collision | Damage to the policyholder’s car, regardless of whether they are at fault |
| Comprehensive | Damage to the policyholder’s car from weather events, vandalism, and theft |
| Towing and Labor Coverage | Reimbursement for towing expenses |
| Rental Car Expense | Costs of a rental car while the policyholder’s car is being repaired |
| Gap Coverage | The difference between the actual cash value of the policyholder’s car and what they owe on the lease or loan |
| Coverage Type | What’s Covered |
| Accident Forgiveness | Keeps the insurance rate intact after the first at-fault accident |
| Vanishing Deductible | Reduces your deductible by $1000 for every year of safe driving |
| Roadside Assistance | 24/7 emergency help that includes tire change, towing, jump-starting, and fueling |
| Total Loss Deductible Waiver | Waiving the physical damage deductible in the event of a total loss |
The average annual cost for Nationwide auto insurance is $1,300, which is slightly less than the market average but still more expensive than the average auto insurance annual rate with USAA, State Farm, and a few other major auto insurers.
| Discount Type | How to Qualify |
| Multi-Policy | Bundle home and car insurance policies with Nationwide |
| SmartRide | Join Nationwide’s usage based insurance program |
| SmartMiles | Drive fewer miles per month than the established average |
| Accident-Free | Maintain an accident-free driving record |
| Good Student | For drivers aged 16 to 24 who maintain a B average |
| Defensive Driving | Complete a state-approved safety course (for drivers 55 years of age and older) |
| Anti-Theft | Install anti-theft devices on the car |
| Safe Driver | Have no major violations for at least 5 consecutive years of driving |
| Automatic Payments | Set up automatic insurance payments |
| Coverage Type | What’s Covered |
| Term Life | The most affordable coverage for 10, 15, 20, or 30 years: the policyholder pays a monthly premium in exchange for a death benefit paid to the beneficiaries upon the policyholder’s death |
| Whole Life | The most expensive lifetime coverage: the policyholder pays a monthly premium in exchange for a death benefit paid to the beneficiaries upon the policyholder’s death |
| Universal Life | Average-priced lifetime coverage with flexible features changeable over the years, access to cash value, and tax advantages |
| Variable Life | Flexible lifetime coverage with the ability to invest the policyholder’s cash value in sub-accounts tied to the stock market. Includes tax advantages, supplemental retirement income, and customization. |
The actual price of life insurance depends on the policyholder’s state, age, gender, occupation, health, amount of coverage, duration of the policy, and more. For example, for a 35-year-old healthy non-smoker, $250,000 worth of term life insurance coverage would cost $15.75 per month; for a 45-year-old non-smoker of average health, the same coverage would cost $53.35 per month.
| Coverage Type | What’s Covered |
| Homeowners |
Optional Coverage: Identity Theft, Valuables Plus, Replacement Cost Plus, Water Backup, Earthquake, and Flood |
| Renters |
Optional Coverage: Valuables Plus, Water Backup, Theft Extension, and Earthquake |
| Condo |
Optional Coverage: ID Theft, Valuables Plus, Water Backup, and Earthquake |
The average monthly cost of Nationwide homeowners insurance is $130, which makes it one of the most affordable homeowners insurance providers in the United States. However, the real price of homeowners insurance depends on the policyholder’s state, home replacement cost, age, location, history of claims, and other nuances.
| Discount Type | How to Qualify |
| Multi-Policy | Bundle home/renters and car insurance policies with Nationwide |
| Protective Device | Install fire alarms, burglar alarms, smoke detectors, etc. |
| Claims-Free | Stay claims-free for a specific period of time |
| Home Renovation Credit | Renovate heating, plumbing, electrical, or cooling system |
| Roof Rating | Have specific roof type and age |
| Home Purchase | Purchase a home within the 12 last month |
| Prior Insurance | Be insured by the previous carrier for a specific number of years |
| Gated Community | Have all community vehicles protected by residence cards, security guards, or key-lock devices |
| Smart Home | Participate in Nationwide’s smart home program |
A leading pet insurance provider, Nationwide insures dogs, cats, parrots, and exotic animals. Pet insurance covers:
The average pet insurance monthly premium with Nationwide is $40 for dogs and $25 for cats. However, the real cost of pet insurance depends on the pet’s pedigree, age, health, type and amount of coverage, and other factors.
Nationwide offers a 5% discount on a new pet insurance policy for current policyholders.
| Pros | Cons |
| Cheap homeowners insurance | Limited health insurance plans |
| Plenty of discounts on auto and home insurance | Not the cheapest auto insurance |
| Top-notch pet insurance | Controversial customer satisfaction ratings |
| Agency | Rating |
| Moody | A1 |
| J.D. Power |
|
| Standard & Poor’s | A+ |
| BBB | A+ |
Customer service ratings for Nationwide are controversial, ranging from 1.2 to 4.5 out of 5, which means there’s no way to objectively assess the quality and speed of customer service at Nationwide.
Nationwide Insurance has scored an overall 3.8 out of 5 based on 3,700+ reviews on Indeed.com:
Salary-wise, the average annual salaries for popular positions are:
To become a partner with Nationwide, fill out the form on this webpage and wait for a team member to get in touch with you.
To file a complaint with Nationwide, navigate to this webpage.
All insurance-related contacts are on this webpage.
