Finding the right insurance company can be difficult, but we will make it easier for you with this Nationwide home insurance review. Nationwide Mutual Insurance Company is known as one of the top Fortune 100 companies in the United States today. What started as a small auto insurance project in Ohio, grew to outstanding proportions over the last 85 years.
Nationwide is one of the leading insurance and financial service companies in the world today. Nationwide’s stability in the insurance industry makes it a top contender for those looking for a safe company to invest their assets in. Consumer flock to Nationwide because of strong financial ratings, projected growth, and high consumer satisfaction ratings.
Who Qualifies
Every insurance company has their own specialties. Nationwide is known for its particular attention towards safety, customer service, and help for seasoned home owners.
Nationwide offers deals and discounts for those who have owned their home for a while, especially for those who are switching from another home insurance company. By updating your home, maintaining its condition, or updating it with sturdier materials, Nationwide rewards homeowners with better deals on premiums.
In addition, Nationwide is great for new homeowners. Most new homeowners are required by their lenders to purchase insurance. Those who have bought a new home in the last year may see a lower premium from Nationwide.
Customer service was highly ranked by consumers as a factor in choosing an insurer. Nationwide keeps its small company roots at the heart of its customer service. Clients report that claims were relatively easy to file and receive, and agents were helpful and concise.
Home insurance rates
Nationwide insurance rates are average compared to other insurance providers. However, you may be able to take advantage of their family insurance discount for your household and other discounts which will allow you to save up to 25% on your premium.
To get the best rates and discount prices it is essential that you compare rates today.
Locations Served
Nationwide serves 44 states in the United States.
Nationwide has local agents all over the country. By entering your zip code on the website, Nationwide will connect you with a host of local agents. By keeping agents local, clients get to know their agents and personalize their services, rather than dealing with an automated company. When disasters happen, clients are able to contact someone who knows their policy and can help right away.
Financial Strength
Financial strength ratings are vital for consumers and companies alike. Consumers want to make sure to choose a viable company, who will be able to complete claims in the case of emergency. Nationwide has some of the best ratings amongst insurance companies in the U.S.
Nationwide Mutual Insurance Company has an A+ rating from A.M. Best, which is known as ‘superior’. Nationwide has kept up their A+ rating for more than 5 years. Similarly, Moody’s has rated Nationwide with an ‘A1’, and a stable outlook. Standard & Poor gave Nationwide an A+ rating as well.
BBB rating
The Better Business Bureau (BBB) is also a vital tool to get some insight into a company. The bureau rates businesses based on customer complaints and a company’s ability to address any issues. Nationwide has been rated continuously for the last 62 years, and the last received grade was an A+.
With decades spent developing the company, Nationwide expects to continue to pull in high grades.
J.D. Power Claims Study
As a non-partisan research agent, J.D. Power compares top insurance companies based on client reviews and surveys. From studies on customer service satisfaction to premium prices, J.D. Power rates companies based on a 5-point rating system, with 5 power circles being the highest possible score.
Nationwide scored 3 out 5 power circles across the board, which is considered excellent, in the Property Claims Satisfaction Study. In a study on homeowners insurance, Nationwide also scored 3 out of 5, making it one of the top companies with top scores.
In J.D. Power’s Shopping Study from 2017 Nationwide was rated 4 out of 5 in policy offerings, and in local agent ratings. Consumers have repeatedly praised Nationwide’s customer service and agents.
Nationwide homeowners insurance features and coverages
Offering a wide variety of insurance options, including options to bundle everything from auto insurance to life insurance, Nationwide’s list of services has been keeping clients satisfied for decades.
Nationwide insurance will cover basic dwelling, including protecting a home’s structure, wall-to-wall, in case of any emergencies. Nationwide also helps insure other property inside the home, such as clothing, furniture, and other personal items. In case of emergency, Nationwide helps to reimburse homeowners for the cost of buying new items, rather than focusing on old or lost items. If you have other structures on your property, like fences, sheds, or gazebos, Nationwide has options to cover those as well.
If an emergency happens, Nationwide has plans that will help owners rebuild their homes in accordance with the most recent state safety regulations. Coverage can also help pay for living expenses if owners are forced out of their home due to a loss.
Home Insurance Discounts
Like most companies, Nationwide offers discounts for bundled insurance packages. Homeowners who also have auto insurance, or any other valuable property, will see discounts when switching to Nationwide.
Nationwide’s innovative structure seeks to reward safe home owners. If you keep your home secure by replacing fire alarms, burglar alarms, and other devices, Nationwide will offer lower premiums. The same goes for those who own property in gated communities, where all valuables are protected by security.
Nationwide helps offset the costs when you renovate your home to be newer and safer. While maintenance can be an expensive process, Nationwide offers discounts on premiums for homeowners who keep their homes new. Repairing a home’s roof will also help owners save on insurance, if they use newer materials for safety purposes. Nationwide’s priority to is to prevent emergencies and accidents, and owners who stay claims-free may qualify for a lower premium.
Easy-to-Use Website
Customer convenience is a priority for everyone, which is why the website is easy-to-use and created with clients in mind.
The website allows clients to log in, track their monthly bills, manage their claims, and speak to representatives. For those who prefer being paperless, having past bills and information collected for them, this service is especially ideal.
Mobile App Friendly
Nationwide’s mobile app is highly rated by customers as well.
The simple app allows clients to view their personal information and ID card with ease. Customers can also manage their accounts, create automated bill pay, view all of their claims at once, and find contact info for their personal agent.
Consumers are also able to file a claim right there from their mobile app, making it even easier to deal with emergency situations.
Compare to top home insurance companies
Nationwide has excellent ratings from consumers compared to their competitors.
While GEICO, AllState, and other companies do offer similar services, Nationwide has several coverage options that set it above the rest. Nationwide’s inventive system that rewards clients for keeping their homes safe makes the company’s coverage options exceptional. The service options Nationwide provides for owners who want to rebuild, keep their homes safe, or find a better way of being reimbursed in case of emergency, makes Nationwide policies stand out from other insurance companies.
For years, consumers, websites, and other agencies, have rated Nationwide’s customer service as a superior feature for the company. Compared to Erie Insurance, Allstate, Progressive, and other top agencies, Nationwide’s wide variety of coverage options is one of the most extensive.
Bottom Line
Picking an insurance company that suits your particular needs is most important. Nationwide services are favorable for almost any home owner, thanks to their comprehensive plans that cover a wide-range of properties and damages.
In addition to first-class service, Nationwide is consistently given good ratings for their overall financial strength, projections, and claims services.
Take a minute to compare quotes now to get the best home insurance rates for you and your family.