Nationwide Insurance is a Fortune 100 company that provides a wide range of insurance and financial services across the United States. With a history spanning several generations, Nationwide has built a reputation for protecting what is most important to its customers. The company offers a variety of insurance products, including car, motorcycle, homeowners, pet, farm, and life insurance, as well as commercial insurance for businesses of all sizes.
In addition to insurance products, Nationwide also offers financial services such as annuities, mutual funds, and retirement plans. The company's specialty health services provide customers with access to healthcare options that are tailored to their unique needs. Nationwide has a strong commitment to customer service, and its agents are available to help customers with any questions or concerns they may have. With its comprehensive range of insurance and financial services, Nationwide is a one-stop-shop for all of your insurance and financial needs.
Nationwide Insurance has been serving customers for over 90 years. The company started as a small mutual auto insurer owned by policyholders and has since grown to become one of the largest insurance and financial services companies in the world.
Nationwide Insurance was founded in 1926 as Farm Bureau Mutual Automobile Insurance Company. The company was started by a group of farmers who were paying the same rates on their automobile insurance as city drivers. They realized that they needed a company that would offer them fair rates and better coverage.
The company grew quickly and expanded its offerings beyond automobile insurance. In the 1950s, the company started offering life insurance and by the 1960s, it had expanded into other financial services.
Over the years, Nationwide Insurance has achieved many milestones. In 1955, the company opened its first regional office in Des Moines, Iowa. This allowed the company to expand its reach beyond its home state of Ohio.
In 1965, Nationwide Insurance became a publicly traded company. This allowed the company to raise capital and invest in new products and services.
In the 1970s, Nationwide Insurance expanded its offerings to include commercial insurance. This allowed the company to serve businesses of all sizes.
In the 1990s, Nationwide Insurance became one of the first companies to offer online insurance quotes. This made it easier for customers to get quotes and purchase insurance.
Today, Nationwide Insurance is one of the largest insurance and financial services companies in the world. The company offers a wide range of products and services, including auto insurance, home insurance, life insurance, retirement planning, and more.
Nationwide Insurance has received generally positive reviews and ratings from both customers and industry experts. According to WalletHub, Nationwide has a rating of 3.3 out of 5 based on over 2,000 user ratings. Customers tend to praise the company's good customer service and quick claims payments. Additionally, Nationwide has received an NAIC rating of 0.65, indicating that the company has received fewer complaints than the average car insurance provider.
In terms of industry ratings, Nationwide is tied with State Farm, Travelers, and Farmers for the No. 2 spot for customer loyalty, according to U.S. News. The same source also ranks Nationwide as the No. 2 insurer most likely to be recommended by current customers to those shopping for insurance.
When it comes to auto insurance specifically, Forbes Advisor notes that Nationwide's auto insurance prices for drivers ages 70 and 80 are relatively competitive compared to other large insurers. However, it's important to note that insurance rates can vary widely depending on a variety of factors, including location, driving record, and vehicle type.
Nationwide's homeowners insurance offerings have also received positive reviews. U.S. News ranks Nationwide tied with Erie for the No. 5 spot in its Best Home Insurance Companies of 2023 rating. The insurer offers basic coverage that includes the most common protections, along with some optional add-ons, such as identity theft protection and water backup coverage.
Overall, Nationwide Insurance appears to be a solid choice for those in need of auto or homeowners insurance. While individual experiences and rates may vary, the company's positive customer reviews and industry ratings suggest that it is a reputable and reliable insurance provider.
Nationwide offers a variety of insurance products to protect individuals, families, and businesses. Here are some of the insurance types offered by Nationwide:
Nationwide's auto insurance policies cover a range of vehicles, including cars, trucks, motorcycles, and RVs. Customers can choose from liability coverage, collision coverage, comprehensive coverage, and more. Nationwide also offers optional add-ons, such as roadside assistance and gap insurance.
Nationwide's homeowners insurance policies protect homes and personal property from damage caused by fire, theft, weather events, and other covered perils. Customers can choose from various coverage options, including dwelling coverage, personal property coverage, liability coverage, and more. Nationwide also offers optional add-ons, such as flood insurance and earthquake insurance.
| State | Ave Rate |
|---|---|
| Arizona | $1581 |
| Arkansas | $4506 |
| California | $1600 |
| Georgia | $2797 |
| Idaho | $1083 |
| Illinois | $1882 |
| Indiana | $2240 |
| Iowa | $2263 |
| Kansas | $8363 |
| Kansas | $6475 |
| Kentucky | $4334 |
| Maryland | $2071 |
| Mississippi | $1841 |
| Missouri | $4156 |
| Montana | $2474 |
| Nebraska | $6364 |
| Nevada | $1518 |
| New Hampshire | $1201 |
| New York | $1316 |
| Ohio | $1755 |
| Oregon | $1185 |
| Pennsylvania | $2944 |
| Rhode Island | $1597 |
| Utah | $1023 |
| Virginia | $1717 |
| Washington | $1339 |
| Washington DC | $1867 |
| West Virginia | $1809 |
| Named Peril | Nationwide Basic Form Coverage HO-A (H0-1) | Nationwide Broad Form Coverage HO-A+ (HO-2) | Nationwide Special Form Coverage HO-B (HO-3) |
| Fire | Yes | Yes | Yes |
| Lightning | Yes | Yes | Yes |
| Riot and Civil Commotion | Yes | Yes | Yes |
| Explosions | Yes | Yes | Yes |
| Wind and Hail | Yes | Yes | Yes |
| Smoke | Yes | Yes | Yes |
| Sprinkler Leak | Yes | Yes | Yes |
| Sinkhole Collapse | Yes | Yes | Yes |
| Volcano | Yes | Yes | Yes |
| Vehicles and Aircraft | Yes | Yes | Yes |
| Vandalism | Yes | Yes | Yes |
| Water Damage | No | Yes | Yes |
| Weight of Snow or Ice/Sleet | No | Yes | Yes |
| Falling Objects | No | Yes | Yes |
| Glass | No | Yes | Yes |
| Collapse | No | Yes | Yes |
| Theft and Burglary | No | No | Yes |
| Full Glass Coverage | No | No | Yes |
| Leaky Roof | No | No | Yes |
| Pretty Much Everything Else* | No | No | Yes |
Nationwide may exclude coverage for specific losses. Even the most comprehensive all-risk policy will exclude certain types of loss or damage.
Common exclusions include:HO-C Policies in Texas
While most people find HO-B policies to be sufficient, there is one policy that covers more, the HO-C covers all perils and contents. There are the usual exclusions, but if you have great credit and need additional no-fuss coverage for personal property damages, it may be the way to go.
If you live in a rented apartment, condominium or home, you need to protect yourself, your space and your stuff. Some managed communities even require that you have a certain amount of renters coverage as part of your lease agreement. Typically, your landlord's policy won't help if your belongings are stolen or damaged. For that you need renters insurance.
Nationwide's life insurance policies provide financial protection to families in the event of an unexpected death. Customers can choose from term life insurance, whole life insurance, and universal life insurance. Nationwide also offers optional add-ons, such as critical illness coverage and accidental death coverage.
Nationwide's pet insurance policies cover dogs, cats, birds, and exotic pets. Customers can choose from various coverage options, including accident and illness coverage, wellness coverage, and more. Nationwide also offers optional add-ons, such as pet owner assistance and pet travel insurance.
Nationwide's specialty insurance policies cover unique risks associated with specific industries or activities. Customers can choose from various coverage options, including commercial liability insurance, agribusiness insurance, and more. Nationwide also offers optional add-ons, such as cyber liability insurance and identity theft insurance.
Overall, Nationwide offers a wide range of insurance products to meet the needs of its customers. With customizable coverage options and optional add-ons, customers can find the right insurance policy to protect their assets and provide peace of mind.
Nationwide Insurance prides itself on providing excellent customer service to its policyholders. The company offers a range of tools and resources that make it easy for customers to manage their policies and file claims. Here are some of the key features of Nationwide's customer service.
Nationwide Insurance provides a range of online tools and resources that make it easy for customers to manage their policies. Customers can log in to their account on the company's website to view their policy details, pay their bills, and make changes to their coverage. The website also offers a variety of resources, such as a blog with helpful tips on insurance and financial planning.
In addition to its website, Nationwide offers a mobile app that allows customers to manage their policies on the go. The app provides access to policy details, billing information, and claims status updates.
Nationwide Insurance has a streamlined claims process that makes it easy for customers to file claims and get the help they need. Customers can file a claim online, over the phone, or through the mobile app. The company also offers a 24/7 claims service that allows customers to report claims at any time.
Once a claim is filed, Nationwide assigns a claims specialist to the case. The specialist works with the customer to gather information and assess the damage. The specialist also provides guidance on the next steps in the claims process and helps the customer navigate any challenges that arise.
Nationwide Insurance has received positive reviews from many of its customers. Customers praise the company for its helpful customer service, easy-to-use online tools, and affordable rates. Some customers also appreciate the company's commitment to giving back to the community through its charitable giving program.
While some customers have reported issues with claims processing, overall, Nationwide Insurance has a strong reputation for customer service and satisfaction.
Nationwide Insurance offers a range of discounts and savings for their customers. These discounts can help lower monthly premiums and save customers money. In this section, we will explore some of the discounts and savings available through Nationwide Insurance.
Nationwide Insurance offers a multi-policy discount for customers who bundle their home and car insurance policies. Customers who bundle can save an average of $646 per year. This discount is a great way to save money on insurance premiums and simplify insurance management.
Nationwide Insurance offers a safe driver discount through their SmartRide program. Drivers who enroll in SmartRide can save up to 40% on their insurance premiums. The SmartRide program tracks driving habits, such as speed, acceleration, and braking, to determine safe driving practices. Drivers who demonstrate safe driving habits can earn discounts on their insurance premiums.
Nationwide Insurance offers a good student discount for students who maintain a certain grade point average. Students who maintain a B average or higher can receive a discount on their insurance premiums. This discount is a great way for students to save money on their insurance premiums while focusing on their studies.
Nationwide Insurance offers affinity group discounts for members of certain organizations or groups. These discounts can vary depending on the group or organization, but they can provide significant savings on insurance premiums. Customers should check with their organization or group to see if they are eligible for an affinity group discount.
Overall, Nationwide Insurance offers a variety of discounts and savings for their customers. Customers should explore these discounts and savings to find the best options for their insurance needs.
Nationwide Insurance is a well-established insurance company that has been providing insurance services for over 90 years. The company has a strong financial position and has been rated highly by various rating agencies.
Nationwide has been rated A+ (Superior) by A.M. Best, one of the leading rating agencies in the insurance industry. This rating signifies that Nationwide has a strong financial position and is expected to meet its financial obligations to policyholders.
Moody's has also given Nationwide a rating of A1, which is considered to be a high-quality rating. This rating indicates that Nationwide has a strong ability to meet its financial obligations.
Standard & Poor's has rated Nationwide as AA-, which is a very strong rating. This rating signifies that Nationwide has a very strong capacity to meet its financial commitments.
Nationwide has a diverse investment portfolio that includes a mix of fixed-income securities, equity securities, and alternative investments. As of 2022, Nationwide's total investments were $123.6 billion, with net investment income of $5.0 billion.
Nationwide's investment strategy is focused on generating long-term value for its policyholders while maintaining a strong financial position. The company has a disciplined approach to risk management and regularly reviews its investment portfolio to ensure that it is well-diversified and aligned with its long-term objectives.
In addition to its investment portfolio, Nationwide has a strong balance sheet with total assets of $270.2 billion. The company's capital strength is reflected in its risk-adjusted capitalization, which is at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR).
Overall, Nationwide Insurance has a strong financial position and has been rated highly by various rating agencies. The company's investment portfolio is well-diversified and aligned with its long-term objectives, and it has a disciplined approach to risk management.
