Nationwide Auto Insurance

Nationwide auto insurance was established in Ohio in 1925 to provide insurance to farmers in rural areas at affordable rates. Thirty years later, the company became national offering products and services in all the fifty states of the U.S. The headquarters of Nationwide is still located in Ohio and has now become one of the biggest providers of insurance in the world with the statuary assets of $158 billion. 

In this article, we will review Nationwide’s performance on various parameters of auto insurance, including automobile insurance quotes, and will also compare it with the Geico Auto Insurance.

Review Criteria

We are formulating this review based on the analysis conducted by our team of the Nationwide policies and insurance rates. We have also gathered data from a survey conducted on the Nationwide consumers, which included questions in five key domains i.e., ease of claim filing, status update, customer service, claims resolution, and overall satisfaction with Nationwide.

Nationwide Review

According to our findings, though Nationwide is one of the world’s largest insurance providers, most of its customers are not happy with its overall claim filing and resolution process. The customers find it difficult to file the claim with the company and report that they are unable to get regular status updates for the process. However, the customer service of Nationwide is quite fine. They do not provide excellent customer service, but it is also not extremely poor. 

Nationwide’s annual national average cost of car insurance policy is $1,864, which is expensive ($450 higher) than the average of most of the national level insurance providers. The car insurance rates also vary greatly for age and gender, according to Nationwide policies. The difference in the rate of 25 years and 60 years old profiles is $670, and between male and female profiles is $625, with rates for females being less than males. However, not much difference was observed in Nationwide rates regarding annual mileage. The 12000 annual mileage driver is charged just $15 more than who drove 6000 miles. 

Nationwide Versus Geico

Nationwide is in tough competition with the mid-ranking national level insurance providers such as Progressive, but Geico surpasses Nationwide in this race. Geico provides excellent customer service and offers cheap insurance rates to its customers. Another significant advantage that Geico enjoys over Nationwide is the provision of good value for money and regular status update. However, when it comes to profiles with poor credit scores, Geico increases its rates tremendously, making them very close to Nationwide. 

Pros and Cons of Nationwide

Pros 

  • Affordable car insurance rates for poor credit drivers 
  • No significant gap between annual mileage rates 

Cons 

  • Dissatisfactory claim filing and resolution process
  • A low value for money 
  • Expensive car insurance rates 

Bottom Line

Nationwide comes pretty close to other mid-ranking national insurance providers but is overall very expensive and does not provide good value for money. The rates of Nationwide for poor credit drivers, however, are affordable.