Nationwide Mutual Insurance Company, popularly known as Nationwide, is one of the largest insurance and financial services companies in the world. Its offerings include, but are not limited to, home, auto, and life insurance; retirement savings; asset management; and strategic investments. The insurance rating agency A.M. Best bestows Nationwide with an A+ rating, based on the company’s financial strength and its ability to pay claims.
Nationwide traces its origins back to 1925. Then, as the Farm Bureau Mutual Automobile Insurance Company, it was incorporated into The Ohio Farm Bureau Federation. Based in Columbus, Ohio, the company has expanded from a small mutual auto insurer owned by policyholders to one that holds more than $135 billion in statutory assets. According to its website, it is the seventh largest insurer in the United States, and it holds the No. 1 spot among providers of public-sector retirement plans and writers of farmowner insurance.
Nationwide’s Accident Forgiveness protects safe drivers. With Accident Forgiveness, Nationwide will not raise auto insurance rates for drivers who face their first at-fault automobile accident. Drivers with otherwise good driving histories are eligible to apply for Accident Forgiveness. Speak to a Nationwide insurance agent to add this option to an insurance policy.
Policy holders can save up to 10% when they have at least five years’ driving experience without an at-fault accident. However, eligibility will be determined based on the applicant’s overall driving history and record.
Policy holders who are members of qualifying organizations cans save up to 10% on auto insurance. Nationwide offers custom affinity programs to more than 1,600 organizations, which include alumni associations, financial institutions, and professional associations. Contact a Nationwide insurance agent for a comprehensive list of qualifying organizations.
Driver’s Education Discounts
Drivers can save money if they successfully complete a motor vehicle accident prevention course approved by their state’s Department of Motor Vehicles or Department of Public Safety. Contact a Nationwide insurer for specific details on how much you could save.
Nationwide’s Family Plan feature allows family members to be listed on the same policy and receive the same discounts. This means individuals can share their insurance discounts with other drivers in their home, including parents, in-laws, and siblings. This offer is subject to underwriting guidelines, review, and approval.
Some Nationwide customers can sign up for Guaranteed Auto Protection (GAP) Coverage, which is available in certain states. This auto insurance coverage option can be incredibly useful for policy holders who have an outstanding lease or loan on their vehicle. With GAP Coverage, they will not have to pay the difference between the actual cash value of the vehicle and the unpaid principal due if they are involved in an accident. For instance, suppose a car is totaled two years after the purchase date. At the time of the loss, the actual cash value of the car is $7,000, and the outstanding loan balance is $8,000. With GAP coverage, Nationwide will cover the full $8,000, minus any deductible.
Long-term Policyholder Discounts
The longer a driver has insurance through Nationwide, the more they can potentially save. Drivers can save up to 15% on their auto insurance if they hold a policy with Nationwide for at least five years. A 5% discount is available to drivers who maintain a policy for at least three years.
The Nationwide Mobile App for iPhone, iPod Touch, and Android assists users in the event of an accident. It also allows policy holders to pay their bills, collect and exchange accident information, record details of the event, take pictures of the accident scene, start a claim, and locate nearby tow trucks. The app, which can serve as a handy assistant in a stressful situation, is available for free.
More cars can equal more savings. Policy holders that insure more than one vehicle with Nationwide can save up to 20%, depending on how many vehicles they insure.
Nationwide offers a 25% discount to policy holders who bundle their auto, home, and life insurance with Nationwide. Some states may offer up to a 10% discount to if policy holders insure both their vehicle and home with Nationwide.
Named Non-Owner Policies
Nationwide offers named non-owner coverage, which serves individuals who do not own a vehicle of their own but who drive company vehicles, borrow cars from friends or relatives, or frequently use rental cars. Named non-owner coverage provides liability protection in the event that the insured is involved in a car accident. Interested individuals should contact a Nationwide agent for further information.
Other Lines of Insurance
Nationwide offers various forms of vehicle, property, life, and specialty insurance:
- Auto insurance
- Motorcycle insurance
- Snowmobile insurance
- ATV insurance
- RV insurance
- Boat insurance
- Homeowners insurance
- Condo insurance
- Renters insurance
- Umbrella insurance
- Flood insurance
- Life insurance
- Farm insurance
- Pet insurance
Rental Reimbursement helps pay for your rental car or other forms of transportation, including buses or the subway, if your car cannot be driven due to an at-fault accident. The amount of coverage you receive will depend on the level of coverage you select in your policy. For instance, some policies may provide rental reimbursement up to $20 per day for a period of 30 days, while others may allow $60 per day for the same period.
Roadside Assistance can help drivers in need of anything from a flat tire to a tow. After they sign up for Roadside Assistance, drivers simply call Nationwide’s toll free number when they need help. Nationwide offers two levels of coverage: Roadside Assistance Basic and Roadside Assistance Plus. The Plus program offers the same coverage as the Basic program with a few additional perks. For instance, Plus policy holders are covered for towing up to 100 miles, whereas Basic policy holders are only covered for towing up to 15 miles. The Plus program also provides trip interruption coverage, which reimburses expenses up to $500 for alternate transportation, lodging, and meal expenses that drivers might incur if they are stranded more than 100 miles from home. Drivers can sign up for the level of coverage that best suits their needs. Program availability varies by state, so contact a Nationwide insurance agent to learn more.
Nationwide offers a Good Student discount to students who earn a B average or above on their report card. Parents may receive up to 15% off on their policy as well for having a Good Student driver. Generally speaking, this discount is eligible to students up to the age of 25. However, criteria for qualification may vary by state.
This Nationwide program is designed to reward safe drivers. Nationwide will drop your deductible $100 when you sign up. In addition, Nationwide will decrease your deductible by $100 for every year of safe driving, meaning each year you go by without getting a ticket or making a claim. This optional feature is subject to eligibility, and drivers can receive a maximum discount of $500.
Vehicle Equipment Discounts
Drivers can save money on their auto insurance policy if they install an anti-theft device in their vehicle. Savings will vary based on the device you install and the U.S. state in which you operate your vehicle. Drivers can also save if they insure a vehicle with full front-seat airbags or restraint devices that work automatically when your door closes.