Nationwide vs. State Farm Auto Insurance (2024)
Comparing Nationwide vs. State Farm auto insurance rates shows Nationwide insurance is cheaper for those with a speeding ticket or bad credit, as well as teen drivers; State Farm is cheaper for drivers with a DUI. External ratings of Nationwide vs. State Farm auto insurance companies reveal Nationwide having an A+ from A.M. Best and State Farm having an A++.
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about insurance when he got his first policy for his own family. He has been featured as an insurance expert speaker at agent conventions and in top publications. As an independent licensed insurance agent, he has helped clients nationwide to secure affordable coverage while making the process simpl...
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UPDATED: Mar 4, 2024
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- State Farm is number one in the auto insurance industry
- Nationwide has a cheaper national average rate
- Various factors can lower your State Farm auto insurance rates
- Both companies have superior financial ratings from A.M. Best
Both Nationwide and State Farm are on the list of the top 10 best auto insurance companies, but which is the best option based on your personal characteristics?
We’ll compare Nationwide vs. State Farm auto insurance rates based on age, driving record, and credit history to see which one can offer you a better deal.
We’ll also compare available discounts and ratings from agencies with a credible and trustworthy view of Nationwide vs. State Farm auto insurance companies.
Read now to learn how to find affordable Nationwide vs. State Farm auto insurance, and enter your ZIP code above to compare auto insurance quotes from multiple companies in your area.
Nationwide vs. State Farm Auto Insurance: Which company is cheapest?
On average, State Farm car insurance is cheaper than Nationwide. However, rates will vary.
Why? Auto insurance companies, including Nationwide and State Farm, consider a variety of factors when setting auto insurance rates.
To get an idea of how much you could pay for auto insurance, we’ve collected sample rates from Nationwide and State Farm to show you a side-by-side comparison.
Nationwide vs. State Farm: Which company is cheapest by age?
Car insurance companies factor your age into your policy. Age is correlated with a driver’s experience. Younger drivers are usually less experienced, so they pay higher auto insurance rates.
But how do Nationwide and State Farm calculate auto insurance rates based on age? Let’s review.
Nationwide vs. State Farm Average Monthly Auto Insurance Rates by Age
| Driver's Age | Nationwide Average Monthly Auto Insurance Rates | State Farm Average Monthly Auto Insurance Rates |
|---|---|---|
| 60-Year-Old Driver | $181 | $156 |
| 35-Year-Old Driver | $198 | $173 |
| 25-Year-Old Driver | $232 | $204 |
| 17-Year-Old Driver | $539 | $553 |
State Farm insurance is more affordable than Nationwide for drivers who are 25 and older. However, drivers between 17 and 24 years old can save money with Nationwide car insurance.
Nationwide vs. State Farm: Which company is cheapest by driving record?
Your driving record is a significant factor when determining your auto insurance rates.
So, how do Nationwide and State Farm issue rates based on a motorist’s driving history? Let’s look at the sample rates.
Nationwide vs. State Farm Average Monthly Auto Insurance Rates by Driving Record
| Driving Record Summary | Nationwide Average Monthly Auto Insurance Rates | State Farm Average Monthly Auto Insurance Rates |
|---|---|---|
| Clean Driving Record | $229 | $235 |
| With 1 Speeding Violation | $259 | $266 |
| With 1 Accident | $283 | $283 |
| With 1 DUI | $379 | $303 |
Nationwide car insurance has cheaper rates for those with speeding violations, but State Farm car insurance has less expensive rates for DUI-convicted drivers.
Both companies charge the same amount for accidents on your driving record, which varies by state.
Nationwide vs. State Farm: Which company is cheapest by credit score?
Did you know car insurance companies issue cheaper rates to people with good or exceptional credit?
Auto insurance companies charge cheaper rates to consumers with a good credit history because they’re less likely to file a claim.
Meanwhile, customers with fair or poor credit are believed to be more likely to file Nationwide or State Farm claims.
Let’s look at how these costs are calculated at Nationwide and State Farm.
Nationwide vs. State Farm Average Monthly Auto Insurance Rates by Credit Score
| Credit Score Summary | Nationwide Average Monthly Auto Insurance Rates | State Farm Average Monthly Auto Insurance Rates |
|---|---|---|
| Good Credit (670-739) | $244 | $181 |
| Fair Credit Score (580-669) | $271 | $238 |
| Poor Credit Score (300-579) | $340 | $413 |
State Farm is cheaper than Nationwide on all credit levels. If you happen to have a fair or poor credit score, State Farm is a cost-efficient option.
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Nationwide vs. State Farm: Which company has more coverage options?
You’ve seen how much you can pay for auto insurance, but what exactly do you pay for when getting a policy?
The most prominent auto insurance companies have several coverage options you can add to your policy. Let’s compare Nationwide and State Farm’s coverage options.
Nationwide vs. State Farm Auto Insurance Coverage Options
| Nationwide Auto Insurance Coverages | State Farm Auto Insurance Coverages |
|---|---|
| Bodily Injury Liability | Collision Coverage |
| Property Damage Liability | Comprehensive Coverage |
| Medical Payments coverage | Liability Coverage |
| Collision coverage | Car Rental and Travel Expenses Coverage |
| Comprehensive coverage | Uninsured &Underinsured Motorist Coverage |
| Uninsured & Underinsured Motorist Coverage | Medical Payments Coverage |
| Personal Injury Protection | Emergency Roadside Assistance |
| GAP Coverage | Rideshare Driver Coverage |
| Rental Car Expense | |
| Roadside Assistance | |
| Accident Forgiveness | |
| Vanishing Deductible | |
| Total Loss Deductible Waiver | |
| Towing and Labor Coverage |
State Farm may be cheaper, but Nationwide provides more coverage options. This may explain why Nationwide auto insurance rates are more expensive overall.
Keep in mind that State Farm or Nationwide roadside assistance is available, and it’s always a good idea to make sure you’re protected in the event of unforeseen circumstances like a flat tire.
Need to add or remove coverage? Nationwide and State Farm customers can view their insurance records and ID cards, make adjustments to coverages, and pay their bills using their Nationwide login or State Farm login.
Nationwide vs. State Farm Auto Insurance: Which company has more discounts?
If some of the factors we discussed earlier generate higher rates for you, car insurance discounts can slash prices a great deal. Let’s see which company has more opportunities to save money.
Nationwide vs. Progressive Auto Insurance Discounts
| Auto Insurance Discount Name | Nationwide Discount Values | Progressive Discount Values |
|---|---|---|
| Accident Forgiveness | Varies | N/A |
| Accident-Free Discount | Varies | N/A |
| Affinity group discount | Varies | N/A |
| Anti-Theft Device Discount | 5% | 5% |
| Continuous Coverage Discount | N/A | Varies |
| Defensive Driver Discount | 10% | Varies |
| Discount Finder | N/A | Varies |
| Driving Habits Discount | Varies | N/A |
| E-billing Discount | N/A | Varies |
| Family Discount | 25% | N/A |
| Farm Bureau Discount | 10% | N/A |
| Good Credit Discount | N/A | 84% |
| Good Driver Discount | 10% | 26% |
| Good Student Discount | 15% | 10% |
| Home Owner Discount | N/A | Varies |
| Low Mileage Discount | N/A | Varies |
| Loyalty Discount | N/A | Varies |
| Military Discount | N/A | Varies |
| Multiple Policy Discount | 25% | 10% |
| Multiple Vehicle Discount | 20% | 30% |
| No lapse in coverage discount | N/A | Varies |
| Organization Discount | 10% | N/A |
| Paid in full discount | N/A | Varies |
| Paperless documents discount | Varies | Varies |
| Passive Restraint Discount | N/A | 10% |
| Preferred payment discount | Varies | Varies |
| Prepay Discount | N/A | Varies |
| Provider Switch Discount | N/A | Varies |
| Signing documents when you buy online discount | N/A | Varies |
| SmartRide discount | 10% | N/A |
| Starting your auto quote online discount | N/A | Varies |
| Student Away at School Discount | N/A | 10% |
| teenSMART Discount | N/A | Varies |
| Youth Driving Discount | N/A | Varies |
State Farm’s low prices are partly due to its array of discounts offered. Also, you can see why Nationwide’s teen auto insurance is cheaper than State Farm’s.
No matter which company you go with, don’t forget to take advantage of any discounts available, especially accident forgiveness. Be sure to have these discounts in place before you contact the Nationwide or State Farm claims departments to file a new claim.
Nationwide vs. State Farm: How can other insurance products get you more discounts?
If you’re thinking about comparing Nationwide vs. State Farm home insurance, it may be a good idea to bundle your car and home insurance together.
Bundling home insurance with auto insurance can save you 12% or more.
What if you don’t own a home? You can still save by bundling renters insurance. Nationwide and State Farm both offer homeowners and renters insurance. However, Nationwide does not carry mobile home insurance.
Nationwide vs. State Farm Auto Insurance: Which company has better ratings?
If you’ve been looking into auto insurance companies, you probably saw a few star ratings or grades. We’ve done some research and compiled those ratings for you.
Nationwide vs. State Farm Company Ratings
| Agencies | Nationwide Ratings | State Farm Ratings |
|---|---|---|
| AM Best | A+ (Excellent) | A++ (Superior) |
| Better Business Bureau (BBB) | A | A+ |
| Moody's | A1 (Good) | Aa1 (Excellent) |
| S&P | A+ (Good) | AA (Excellent) |
| NAIC Complaint Index | 1.45 | 0.98 |
| J.D. Power - Power Circle Ratings | About Average | Better Than Most |
| Consumer Reports | 88 | 89 |
| Apple App Store (iOS) | 2 stars | 3 stars |
| Google Play Store (Android) | 3 stars | 4 stars |
Under J.D. Power’s 2020 Auto Insurance Claims Study, both companies have strong ratings, but State Farm’s is a little stronger.
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Nationwide vs. State Farm Auto Insurance: What’s the bottom line?
State Farm provides cheaper car insurance and more discounts, but Nationwide has more coverage options. Therefore, Nationwide insurance is best for multiple coverages, and State Farm is best for those trying to keep auto insurance costs down.
Before you buy Nationwide vs. State Farm auto insurance, enter your ZIP code to compare multiple auto insurance companies in your area.
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Frequently Asked Questions
What is the difference between Nationwide and State Farm auto insurance?
Nationwide and State Farm are both well-known insurance companies that offer auto insurance coverage. However, there are some differences between them. Nationwide is generally recognized for its broad coverage options and flexible policies, while State Farm is known for its extensive network of local agents and excellent customer service.
Which company has better customer service, Nationwide or State Farm?
Both Nationwide and State Farm are known for their commitment to customer service, but opinions may vary based on individual experiences. State Farm is often praised for its extensive network of local agents who can provide personalized assistance, while Nationwide is renowned for its responsive customer support and digital tools that offer convenience.
Which company offers more affordable auto insurance rates, Nationwide or State Farm?
Auto insurance rates can vary significantly based on multiple factors such as the driver’s profile, location, vehicle type, and coverage needs. Therefore, it is challenging to determine which company consistently offers more affordable rates. To find the best rates for your specific circumstances, it is recommended to obtain quotes from both Nationwide and State Farm or compare rates using online comparison tools.
Are there any notable differences in coverage options between Nationwide and State Farm?
Both Nationwide and State Farm offer a wide range of coverage options to meet the needs of their policyholders. However, specific coverage options and features may vary between the two companies. It is advisable to review the policy details of each insurer to understand their respective coverage offerings, such as liability coverage, collision coverage, comprehensive coverage, and additional options like roadside assistance or rental car reimbursement.
Do Nationwide and State Farm provide any additional benefits or discounts?
Yes, both Nationwide and State Farm offer additional benefits and discounts to policyholders. These can include safe driving discounts, multi-policy discounts, good student discounts, and more. It is recommended to inquire with each insurer or consult their websites to learn about the available discounts and benefits to determine which company offers the most advantageous options for you.