Nationwide car insurance reviews also Pros and Cons
We will analyze the Nationwide car insurance, its coverages and discounts. We will tell you about their qualifications, advantages and disadvantages.
Nationwide, founded in Ohio in 1926, began as a small mutual insurance company backed by local farm offices. Today, it is one of the largest auto insurers in the United States. In this article, we’ll take an in-depth look at Nationwide car insurance and tell you what coverages and discounts are available. We will also talk about the qualifications of this car insurance and we will summarize its advantages and disadvantages so that you can decide if it is a good option for you.
Below is a list of auto coverages that are available from Nationwide Insurer.
Civil Liability Coverage
Liability Insurance is required in all US states except New Hampshire. This type of coverage protects against financial loss from bodily injury or property damage.
Bodily injury liability can pay bills related to the injuries or death of a person who is injured during a car accident in which you are at fault. This coverage can pay for things like medical expenses and lost wages. Property damage liability can pay bills associated with property damage that occurs due to an accident for which you are at fault. Nationwide’s liability coverage can also pay for your legal defense if you are sued as a result of an accident for which you are at fault.
If your vehicle is damaged by hitting an object or vehicle or rolling over, collision coverage may pay to repair or replace the car, no matter who is at fault. Collision coverage is not required by law, but some leased or financed vehicles are required to have this coverage as a condition of the lease or finance agreement.
This type of coverage can pay for vehicle damage from an incident other than a collision or rollover. Nationwide Comprehensive coverage can kick in for damage or loss due to the following reasons:
- Animal related accidents
- Falling objects, such as tree branches or debris
- Fires, explosions, or civil commotions
- Hail damage/other weather events
Uninsured and Underinsured Motorist Coverage
If you are in an accident with a driver who is uninsured or underinsured (their liability coverage is not enough to fully pay for your damages), this type of coverage will help cover the costs. Uninsured and underinsured motorist coverage is required in 19 states, as well as the District of Columbia, but drivers from other states may also consider this type of coverage. Nationwide notes that uninsured motorist coverage can also protect you if a car thief causes an accident with you since stolen car insurance would not cover such a situation.
Medical payments coverage
This type of coverage pays the medical costs of a covered accident, both for you and the passengers in your car. Medical payments coverage also extends to any covered accident you may be in as a passenger or driver of another vehicle, including as a pedestrian.
Personal Injury Protection (PIP)
It is similar to medical payments coverage in that both cover the medical expenses of the policyholder and/or passengers in the event of an accident, regardless of who is at fault. The difference is that PIP coverage also covers things like lost wages, rehabilitation services, funeral expenses, and services like child care that medical coverage doesn’t pay for.
Additional coverage for vehicles
Nationwide customers have the option to add additional vehicle-specific coverage to their policies:
- Towing and Labor: If your car can’t be driven on the road, this coverage pays to tow the vehicle or labor to repair it on the road (not including the cost of parts). To access this coverage, you will also have to have comprehensive coverage.
- Rental Reimbursement Coverage: This coverage can help pay for a rental car if your car can’t be driven due to a covered collision or comprehensive loss. Nationwide’s rental coverage may cover the cost of public transportation or taxis, in lieu of a rental car.
- Damage insurance: In the event that your car is a total loss, your collision or comprehensive cover instead provides you with the actual cash vIf vehicle. Since cars depreciate very quickly, the actual value will be less than what you paid for the car, and may not be enough to pay off the remaining loan. Credit insurance covers the difference between the actual value of the vehicle and the amount you still owe on the loan.
Nationwide also offers several additional optional coverages. These include:
- Roadside assistance plan: Entitles you to roadside assistance service 24 hours a day, 7 days a week. Includes up to $100 in lockout services if your keys are lost, broken in a lock, or locked in the car.
- Variable deductible: If you choose this coverage option, you’ll see $100 deducted from your comprehensive or collision deductible amount each year you go without an accident, up to a total of $500 from your deductible.
- Accident Forgiveness: This coverage option can help you avoid an insurance rate increase after your first at-fault accident. You can only use accident forgiveness once per policy.
Premium costs are based on a number of factors, including age, gender, vehicle, annual mileage, place of residence, accident history, and credit score. several, a 40-year-old woman who has not been in an accident will pay a lower premium for the same car and location than a 20-year-old man who has had two accidents. This is partly due to the younger driver’s crash history, but also because both women and middle-aged people are statistically less likely to have crashes than men or those in their 20s.
IMPORTANT: Nationwide offers six-month installment insurance, which means your premium could go up twice in a single year.
Nationwide auto insurance discounts
Nationwide Insurance customers can take advantage of discounts the company offers to help lower the cost of premiums.
- Multiple Policy Discount: Nationwide also offers homeowners insurance, and bundling your auto insurance policy with a home policy can help you save an average of $646 a year.
- Multiple Car Discount: By insuring more than one car with Nationwide you can save on your premiums.
- Easy Pay Enrollment: This one-time discount is activated when you set up automatic deductions from your bank account to pay your premiums.
- Affinity Member Discounts: Members of qualifying organizations can receive discounts simply for being a member. Nationwide partners with hundreds of organizations to offer these discounts to like-minded members.
Driving habits and history
- Safe Driving Discount: Customers with at least five years without an at-fault accident or moving violation may be eligible for a more affordable insurance rate.
- Defensive Driving Discount: Customers who complete a state-approved safety course may be eligible for a discount. In some states, customers must be 55 or older to qualify.
- Good Student Discount: Drivers ages 16-24 who maintain a B average or better may qualify for a discount.
- SmartRide Discount: This usage-based insurance program requires you to plug a small device into your car to monitor your driving and give you personalized advice on how to drive more safely. You can get a 10% discount just for signing up and you can earn up to 40% discount by changing your behavior behind the wheel.
- SmartMiles payment per kilometer program: With this program, your rate is divided into two parts, a base rate and a variable rate per mile. When you drive less, your monthly rate goes down.
Vehicle Equipment – Nationwide
- Anti-theft discount: If you have an anti-theft device installed in your car, you may be eligible for a discount. The amount of the discount varies.
Nationwide car insurance price
The average price of auto insurance Nationwide is $1,463, 15 percent less than the national industry average. However, you should keep in mind that rates vary based on several factors, including age, driving history, location, and type of car.
Availability of Nationwide car insurance
Nationwide car insurance is available in 47 states and the District of Columbia. Drivers in Alaska, Hawaii, and Louisiana are directed to a partner insurance company when requesting quotes on the Nationwide Insurance portal.
Other insurance available from Nationwide
Nationwide Insurance has branched out and now offers many other coverages in addition to auto insurance.
That makes it an excellent alternative for those who want to unify all their insurance in a single company. Some of the products available are the following:
- Insurance for motorcycles, boats, RVs, and other vehicles
- Homeowners, Renters, Condo & Flood Insurance
- The term, universal, comprehensive, and variable life insurance
- Special and general civil liability insurance
- Dental and accident medical insurance
- Pet insurance
- Wedding insurance
- Identity theft insurance
- Travel Insurance
Nationwide car insurance ratings
There are organizations that conduct studies on the customer satisfaction of companies. These investigations will help you understand the quality of service that Nationwide provides to its customers.
The 2020 JD Power Auto Claims Satisfaction Study rates auto insurers based on customer satisfaction with the claims process. Nationwide received a score of 876 out of 1,000, which is higher than the industry average of 872.3
Unfortunately, overall customer satisfaction with Nationwide fell below average across all geographic regions, according to the 2021 JD Power Auto Insurance Satisfaction Study.
Nationwide Complaint rate
The National Association of Insurance Commissioners ( NAIC ) collects consumer complaints about insurers and compares the information to the industry average. NAIC sets the industry complaint average at 1.0, meaning a company with a score of 2.0 has twice as many complaints as the average insurer. Nationwide car insurance has a score of 0, meaning it receives nearly 100% fewer complaints compared to the average car insurance provider.
Nationwide Financial stability
The financial stability of an insurer is an important factor that you should analyze before choosing insurance, this will allow you to know if the company will be able to meet its financial obligations when you have to file a claim.
AM Best rates insurers and assigns a financial strength rating represented by a letter. Nationwide’s AM Best rating is A+, just one notch shy of the highest rating of A++. Nationwide’s A+ rating indicates that, according to AM Best, the company has a superior ability to meet its ongoing insurance obligations.
Advantages and disadvantages of Nationwide car insurance
Analyzing the advantages and disadvantages of Nationwide auto insurance will help you decide if this insurance is a good option for you.
- Easy-to-use online quote generator: The online quote request tool is simple and intuitive. It can give you both a quote and a list of discounts you’re eligible for, without the need for a Social Security number.
- Robust Mobile App – Nationwide’s mobile app lets you do all your insurance business right from your app, from paying bills or filing a claim to adjusting your policy and requesting roadside assistance. You will be able to access all these functions directly from your mobile.
- Comprehensive Online Learning Center: Customers and non-customers who want to learn more about their insurance can find answers to their questions at Nationwide’s online learning center.
Disadvantages of Nationwide Car Insurance.
- Six-month policy terms: With terms that last six months, instead of a year, Nationwide has more opportunities to increase your rates when you renew your policy.
- Average or Below Average Customer Satisfaction: According to the 2021 JD Power study, Nationwide’s customer service is below average compared to other insurance providers.
Is Nationwide car insurance any good?
Nationwide offers robust insurance coverage and easy-to-use online digital tools to help you manage your policies in the 48 contiguous states and the District of Columbia. By offering a good variety of insurance, Nationwide makes it a good option for any driver who wants to combine auto insurance with another type of insurance.