Nationwide home insurance reviews highlight one of the ten largest insurers in the United States, known for offering affordable coverage with better value than many of its rivals. Though it does not operate in four of the 50 states, customers living in other places have access to Nationwide’s large number of plans and coverage options, multiple discounts, and useful add-ons.
Pros
Nationwide’s website is one of the most useful in the industry
Customers have numerous discount options to choose from
Many other insurance and financial products are available
Cons
Nationwide’s rates are often higher than the national average
Coverage is not available in four states
Coverage is not available in four states
Overview
As one of the largest insurers in the country, Nationwide offers a wide range of insurance and banking services. Though it offers a longer list of discount options than most of its competitors, Nationwide’s average rates are generally above-average compared to the national numbers. That said, the company includes coverage options that many others charge extra for, increasing its policies’ value potential for customers.
Nationwide Home Insurance Reviews: Features and Benefits
Nationwide’s coverage extends beyond basic homeowners insurance and includes add-on options for several common situations.
- Homeowners, renters, condo, and business property insurance available
- Add-ons include flood coverage, water backup protection, roof replacement, and brand-new belongings replacement at replacement cost
- Discounts for multiple policies, smart home equipment (including protective devices like smoke detectors), a gated community incentive, and more are available
- Nationwide has a small number of regulatory complaints for a company its size, including those registered with the National Association of Insurance Commissioners
- Coverage for heating, cooling, and electrical systems is available, including service line upgrades and replacements
About Nationwide
Nationwide is an almost 100-year-old company based in Columbus, Ohio, and has good financial strength, according to AM Best. It offers insurance products, investment services, and advisory options to customers in most states and Washington, DC.
Though it’s nearly a century old, Nationwide offers one of the more useful and intuitive smartphone apps around, and its website contains a wealth of information and service options with an easy-to-use interface.
Other Nationwide Insurance Types
Beyond homeowners insurance, Nationwide offers a range of coverage options for vehicles and other types of property. Vehicle coverage options include auto, motorcycle, snowmobile, RV, boat, ATV, classic car, golf cart, scooter insurance, and more.
The company also sells life, pet, travel, umbrella, and identity theft coverage. Investment services are also available, including retirement planning and annuities. Finally, businesses have a number of insurance options with Nationwide, such as general liability and business vehicle protection.
How Much Does Nationwide Cost?
The average annual homeowners insurance rate in the U.S. is between $1,900 and $2,800, depending on the source data. Nationwide’s range of annual average rates is higher at both ends of the spectrum, ranging from $2,300 to $3,100. However, added policy benefits often make up for the higher prices.
Nationwide Home Insurance Reviews: Editorial Rating
Trusted Company Reviews Rating Score for Nationwide: 8.6
With an overall rating of 8.6 out of 10, Nationwide landed at number four on our list of the best homeowners insurance companies. The company’s quick claims processing, wide range of coverage options, and robust online and app services contributed to that score.
| Average Annual Rate | $2,300-$3,100 over 12 months |
| Other Insurance Products | Vehicle, Personal, Business |
| Availability | Most states and Washington, DC |
| Local Agents | Yes |
What We Like
We like Nationwide for having a long list of discounts and add-ons, and we liked its broad product offerings. The company’s local agents are also a high point, though it’s a good idea to check availability in your local area if personal service is important to you. Though it is sometimes slow to pay claims, owners say that the company pays to rebuild and has excellent customer service.
What We Don’t Like
Nationwide’s homeowners policies have the potential to be more expensive than others, though the numerous discounts help considerably with that issue. We also noted some customer complaints related to slow cancellation processes, and the fact that Nationwide isn’t available in all states puts the company behind many rivals.
Nationwide Home Insurance Reviews
Like other home insurers, Nationwide’s customer satisfaction and reviews range from excellent to very poor. The nature of the insurance business is the usual culprit when talking about poor review scores. Common complaints include stories of inadequate claims coverage and delayed payments, while positive reviews often cite excellent customer service and ease of use regarding the company’s website, mobile app, and claims tools.
Who Nationwide is Best For
Nationwide is best for people who have complex insurance needs or those wanting a wide range of customization options. Because it can often be one of the more expensive options, Nationwide is even better for folks who can qualify for one or more of its numerous discounts.
Is Nationwide Worth It?
Despite its pricing, Nationwide is worth the cost for many homeowners. Unlike some, the company sells its own policies rather than relying on a third party, and it has accumulated fewer regulatory complaints than many other insurance companies its size.
Nationwide Alternatives
There are several home insurance options if Nationwide is not appealing for one reason or another. USAA is usually one of the most affordable options, and it offers a range of tailor-made insurance and financial products. However, eligibility is limited to active and former members of the military and their families.
Other alternatives that rate highly against our review criteria are the following companies:
Rating Criteria
| Attribute | Rating weight (%) |
| Cost | 20 |
| Cost variables | 10 |
| Complaints | 20 |
| Features | 10 |
| Company Finances | 20 |
| Coverage | 5 |
| Consumer reviews score average | 10 |
| Average app rating | 5 |
Frequently Asked Questions
Why is Nationwide insurance so expensive?
Does Nationwide have good homeowners insurance?
Does Nationwide pay its claims?
Does Nationwide have a cancellation fee?
Source
Logo image source: nationwide.com
Chris Teague
