Nationwide vs State Farm Car Insurance for 2023

Are you in the market for car insurance? With so many options available, it can be overwhelming to choose the right one. Nationwide and State Farm are two of the most well-known car insurance companies in the United States.

Before we dive into the comparison, let’s take a quick look at some interesting attributes of Nationwide and State Farm car insurance:

• Nationwide is known for its “On Your Side” philosophy, which means that the company is committed to helping its customers in every way possible. This includes providing personalized customer service and making sure that customers understand their insurance policies.
• State Farm is the largest car insurance company in the United States, with over 18,000 agents and 83 million policies in force. The company is known for its extensive network of agents, which allows customers to get in-person support when they need it.
• Both Nationwide and State Farm offer a wide range of insurance products, including car insurance, home insurance, and life insurance. This means that you can bundle your policies to save money and simplify your insurance needs.

In this article, we’ll compare Nationwide car insurance vs State Farm car insurance for 2023 to help you make an informed decision.

History and Mission: Nationwide vs State Farm

Nationwide was founded in 1926 as the Farm Bureau Mutual Automobile Insurance Company. The company originally only offered car insurance to farmers in Ohio, but it quickly expanded its services to other states and began offering other types of insurance as well. Today, Nationwide is one of the largest insurance and financial services companies in the world, with over 28,000 employees and $46 billion in annual revenue. The company’s mission is to help its customers protect what’s important to them and plan for a secure financial future.

State Farm was founded in 1922 by George J. Mecherle, a retired farmer and insurance salesman. The company was originally called State Farm Mutual Automobile Insurance Company and only offered car insurance in Illinois. However, it quickly expanded its services to other states and began offering other types of insurance as well. Today, State Farm is the largest car insurance company in the United States and offers a wide range of insurance products and financial services. The company’s mission is to help its customers manage the risks of everyday life, recover from the unexpected, and realize their dreams.

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Coverage Options: Nationwide vs State Farm

In this section, we’ll dive deeper into the products and services offered by Nationwide and State Farm.

Nationwide offers a wide range of insurance products, including:

• Car Insurance: Nationwide’s car insurance policies include liability coverage, collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, and personal injury protection. Nationwide also offers a variety of add-ons, such as roadside assistance and rental car reimbursement. Customers can customize their policies to fit their needs and budget.
• Home Insurance: Nationwide’s home insurance policies cover a variety of events, including fire, theft, and weather-related damage. Customers can choose from several levels of coverage, depending on their needs and budget. Nationwide also offers add-ons, such as flood insurance and identity theft protection.
• Life Insurance: Nationwide offers several types of life insurance, including term life insurance, whole life insurance, and universal life insurance. Customers can choose the type of coverage that best fits their needs and budget. Nationwide also offers add-ons, such as accidental death coverage and child rider coverage.
• Pet Insurance: Nationwide’s pet insurance policies cover dogs, cats, birds, and exotic pets. Customers can choose from several levels of coverage, depending on their pet’s needs and budget. Nationwide also offers add-ons, such as wellness coverage and coverage for pre-existing conditions.

State Farm also offers a wide range of insurance products, including:

• Car Insurance: State Farm’s car insurance policies include liability coverage, collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, and personal injury protection. State Farm also offers a variety of add-ons, such as roadside assistance and rental car reimbursement. Customers can customize their policies to fit their needs and budget.
• Home Insurance: State Farm’s home insurance policies cover a variety of events, including fire, theft, and weather-related damage. Customers can choose from several levels of coverage, depending on their needs and budget. State Farm also offers add-ons, such as flood insurance and identity theft protection.
• Life Insurance: State Farm offers several types of life insurance, including term life insurance, whole life insurance, and universal life insurance. Customers can choose the type of coverage that best fits their needs and budget. State Farm also offers add-ons, such as accidental death coverage and child rider coverage.
• Health Insurance: State Farm offers health insurance through its partnership with Assurant Health. Customers can choose from several types of coverage, including individual and family plans.

In addition to these products, both Nationwide and State Farm offer financial services, such as retirement planning, investment management, and banking services. Customers can take advantage of these services to help them plan for a secure financial future.

Cost of Coverage

The cost of insurance with Nationwide will vary depending on a number of factors, including your age, location, driving history, and the type of coverage you need. In general, Nationwide is known for offering competitive rates, especially for customers who bundle their policies.

Like Nationwide, the cost of insurance with State Farm will vary depending on your specific circumstances. Factors such as your age, location, driving history, and the type of coverage you need will all play a role in determining your premiums.

Discounts Offered at Nationwide and State Farm

Both Nationwide and State Farm offer a variety of discounts to help customers save money on their car insurance premiums. Here’s a closer look at the discounts offered by each company:

Nationwide:

• Multi-policy discount: Customers who bundle their car insurance with another type of insurance, such as home insurance or pet insurance, can save up to 25% on their premiums.
• Safe driver discount: Customers who maintain a clean driving record can save up to 10% on their premiums.
• Accident-free discount: Customers who have been accident-free for a certain period of time can save up to 10% on their premiums.
• Anti-theft discount: Customers who install anti-theft devices in their vehicles can save up to 25% on their comprehensive coverage.
• Defensive driving course discount: Customers who complete an approved defensive driving course can save up to 10% on their premiums.
• Good student discount: Customers who are full-time students and maintain a certain grade point average can save up to 15% on their premiums.
• SmartRide discount: Customers who enroll in Nationwide’s SmartRide program and demonstrate safe driving habits can earn up to a 40% discount on their premiums.

State Farm:

• Multi-policy discount: Customers who bundle their car insurance with another type of insurance, such as home insurance or life insurance, can save up to 17% on their premiums.
• Safe driver discount: Customers who maintain a clean driving record can save up to 30% on their premiums.
• Accident-free discount: Customers who have been accident-free for a certain period of time can save up to 25% on their premiums.
• Drive Safe & Save discount: Customers who enroll in State Farm’s Drive Safe & Save program and demonstrate safe driving habits can earn up to a 30% discount on their premiums.
• Good student discount: Customers who are full-time students and maintain a certain grade point average can save up to 25% on their premiums.
• Steer Clear discount: Customers who are under 25 years old and complete State Farm’s Steer Clear program can save up to 15% on their premiums.

It’s worth noting that the discounts offered by each company may vary by state, and some discounts may not be available in all states. Additionally, the amount of savings you can receive from each discount may vary depending on your specific circumstances. Be sure to check with each company directly to see which discounts you may be eligible for and how much you could save.

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Customer Feedback

Nationwide has received generally positive reviews from its customers. According to J.D. Power’s 2021 U.S. Auto Insurance Study, Nationwide ranks above average in overall customer satisfaction in the North Central, South Central, and Southeast regions of the United States. Nationwide has also received an A+ rating from the Better Business Bureau (BBB).

State Farm also receives generally positive reviews from its customers. According to J.D. Power’s 2021 U.S. Auto Insurance Study, State Farm ranks above average in overall customer satisfaction in all regions of the United States. The company has also received an A+ rating from the Better Business Bureau (BBB).

It’s important to note that customer experiences can vary widely depending on individual circumstances, and customer reviews should be just one factor to consider when choosing a car insurance provider. It’s always a good idea to research multiple companies and compare rates, coverage options, and customer reviews before making a decision.

Roundup: Nationwide vs State Farm

In conclusion, both Nationwide and State Farm are well-established car insurance companies with a long history of providing quality coverage and excellent customer service to drivers across the United States. Both companies offer a wide range of coverage options, including liability, collision, and comprehensive coverage, as well as additional features such as roadside assistance and rental car reimbursement.

The choice between Nationwide and State Farm will depend on individual circumstances, including factors such as coverage needs, budget, and location. It’s always a good idea to research multiple companies and compare rates, coverage options, and customer reviews before making a decision. By taking the time to do your research, you can find a car insurance provider that meets your needs and provides the coverage and peace of mind you need on the road.

Case Studies: Nationwide vs State Farm Car Insurance

Case Study 1: John’s Comprehensive Coverage Dilemma

John, a responsible driver from Ohio, was in search of comprehensive coverage that would provide him with financial protection in case of accidents, theft, or natural disasters. He compared Nationwide and State Farm and found that Nationwide offered a comprehensive policy at a lower premium, making it the more cost-effective option for his needs.

Case Study 2: Sarah’s Multi-Policy Discount

Sarah, a homeowner in Illinois, was looking to bundle her car insurance with her home insurance to save money. She compared Nationwide and State Farm and discovered that State Farm offered a significant multi-policy discount for customers who combined their auto and home insurance policies. This discount made State Farm the more affordable choice for Sarah.

Case Study 3: Mark’s Safe Driver Discount

Mark, a young driver with a clean driving record, wanted to find an insurance provider that rewarded safe driving habits. After comparing Nationwide and State Farm, Mark found that State Farm offered a safe driver discount program that could potentially lower his premiums based on his driving behavior. This incentive led Mark to choose State Farm as his car insurance provider.

Case Study 4: Emily’s Roadside Assistance Needs

Emily, a frequent traveler, wanted to ensure she had access to reliable roadside assistance in case of emergencies. She compared Nationwide and State Farm and discovered that Nationwide offered a comprehensive roadside assistance program that covered services like towing, lockout assistance, and battery jump-starts. This feature influenced Emily’s decision to select Nationwide for her car insurance.

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption