Industry Average: 75
Industry Average: 7.7
Industry Average: 8
Industry Average: 7
In 1925, Nationwide launched as a small mutual auto insurer owned by policyholders. Today, Nationwide is one of the largest insurance and financial services companies in the world. Nationwide credits its success and its 85 years in business on its ability to focus on customers and value people.It’s best for people looking for a one-stop-shop for many different types of insurance, who are more comfortable with a larger, established insurance company. Drivers can take benefit from special programs, such as accident forgiveness, vanishing deductible, roadside assistance, towing and labor.
Lines of Business:
While all companies offer a range of car insurance discounts, it's hard to judge any individual discount's value in a meaningful way. For one, the discounts are typically a percentage off the base price, instead of the whole policy.
What does this mean?
Your best bet is to directly discuss your particular situation with an agent to make sure you're getting all the discounts that you may be eligible for on your auto policy. For reference, we've listed all the discounts we believe Nationwide has below in order to help determine which ones may fit your profile (though keep in mind that they can vary by state).
|Available Option||What it means||Discount Data|
Age of Insured
Different age groups are more or less risky about different things when it comes to homes. Generally the older the customer, the larger the discount, though the discount sometimes decreases again in higher age groups. Insurers tend to look at whoever is the oldest of the named insured when calculating this discount.
2% to 15%
When a homeowner has not had any claims, it's a sign to insurers that they are less likely to make one in the future. With this lower risk profile, insurers can offer savings. The look-back window is almost always five years, but some insurers only look back three years, or offer the discount on a sliding scale.
10% to 14%
Credit / Financial Responsibility
While prohibited in a few states, credit scores are a common tool for estimating certain types of risk. While most insurers use a special type of credit score, the idea is the same as regular ones. Higher scores correspond to smaller perceived risk, and therefore larger discounts.
3% to 64%
How does Nationwide compare to other insurance companies? Click the following links below to compare Nationwide to other top insurance companies.