Nationwide Life Insurance Company Review (2024)
Nationwide Life Insurance Company, renowned for its A+ A.M. Best rating and diverse coverage options—from life to auto, home, pet, and travel insurance—stands as a top choice, ensuring comprehensive protection at competitive rates.
Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Nationwide Life Insurance Company
Average Monthly Rate For Good Drivers
$100A.M. Best Rating:
A+Complaint Level:
LowPros
- Wide range of insurance products
- Strong financial stability
- Competitive rates
- Nationwide network of agents
- Excellent customer service
Cons
- Limited international coverage
- May not be the cheapest option for every policy
- Some coverage options may require additional endorsements
Nationwide Life Insurance Company, with its A+ A.M. Best rating and competitive average annual rates, offers a comprehensive array of insurance coverage options, including whole and term life insurance, auto insurance, homeowners insurance, pet insurance, and travel insurance.
The company’s low complaint level underscores its commitment to customer satisfaction. Nationwide provides numerous discounts, such as multi-policy and safe driver discounts, making coverage more accessible and cost-effective.
Their coverage options cater to a wide range of needs, from protecting your family’s financial future to securing your home, vehicle, pets, and travel plans. With a reputation for financial stability, excellent customer service, and flexible policy customization, Nationwide stands as a dependable choice in the competitive insurance industry.
Nationwide Insurance Coverage Options
Nationwide Life Insurance Company offers a comprehensive range of coverage options to meet the diverse needs of its customers. Whether you’re looking for protection for your family, home, vehicle, pets, or travel plans, Nationwide has you covered. Here are the coverage options offered by Nationwide:
Life Insurance:
- Whole Life Insurance
- Term Life Insurance
Auto Insurance:
- Liability Coverage
- Collision Coverage
- Comprehensive Coverage
- Uninsured/Underinsured Motorist Coverage
- Personal Injury Protection (PIP)
- Medical Payments Coverage
- Roadside Assistance
- Rental Car Reimbursement
Homeowners Insurance:
- Dwelling Coverage
- Personal Property Coverage
- Liability Coverage
- Additional Living Expenses Coverage
- Flood Insurance (available through the National Flood Insurance Program)
Pet Insurance:
- Accident Coverage
- Illness Coverage
- Wellness Coverage
- Hereditary and Congenital Condition Coverage
- Prescription Drug Coverage
- Dental Coverage
Travel Insurance:
- Trip Cancellation and Interruption Coverage
- Emergency Medical and Dental Coverage
- Trip Delay Coverage
- Baggage Loss and Delay Coverage
- Rental Car Damage Coverage
- 24/7 Assistance Services
These coverage options are designed to provide financial protection and peace of mind in various aspects of life, whether it’s safeguarding your family’s future, protecting your home, ensuring your vehicle is covered on the road, taking care of your pets’ health, or enjoying worry-free travel adventures.
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Nationwide Insurance Rates Breakdown
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Driver Profile | Nationwide Life Insurance Company | National Average |
---|---|---|
Clean Record | $150 | $100 |
1+ Ticket | $200 | $150 |
1+ Accident | $250 | $200 |
DUI | $300 | $250 |
Poor Credit | $258 | $172 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Nationwide Discounts Available
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Discount | Nationwide Life Insurance Company |
---|---|
Anti Theft | 5% |
Good Student | 10% |
Low Mileage | 7% |
Paperless | 3% |
Safe Driver | 12% |
Senior Driver | 15% |
Nationwide Life Insurance Company offers a variety of discounts to help policyholders save on their insurance premiums. These discounts can make coverage more affordable while still providing comprehensive protection. Here are the discounts offered by Nationwide:
- Multi-Policy Discount: Bundle your auto, home, and other insurance policies with Nationwide to enjoy significant savings on your premiums.
- Safe Driver Discount: If you have a clean driving record with no accidents or violations, you can qualify for a safe driver discount.
- Good Student Discount: Young drivers who maintain good grades in school may be eligible for a discount on their auto insurance.
- Anti-Theft Device Discount: Equipping your vehicle with anti-theft devices can lead to lower premiums.
- Defensive Driving Course Discount: Completing an approved defensive driving course may qualify you for a discount on your insurance.
- Homeowner Discount: If you own a home, you could receive a discount on your auto insurance.
- Accident Forgiveness: Nationwide offers accident forgiveness, which means your rates won’t increase after your first accident.
- SmartRide Program: Enroll in the SmartRide program, which uses telematics to monitor your driving habits. Safe driving can lead to additional discounts.
- Paperless Billing Discount: Opt for paperless billing and receive a discount on your premiums.
- Affinity Discounts: Membership in certain organizations or alumni associations may make you eligible for exclusive discounts.
- Good Credit Discount: A good credit history can result in lower insurance rates with Nationwide.
Read more: Nationwide SmartRide Review
These discounts can vary by location and policy type, so it’s advisable to speak with a Nationwide agent to determine which discounts you qualify for and how they can help you save on your insurance coverage.
How Nationwide Ranks Among Providers
Nationwide Life Insurance Company operates in a highly competitive insurance industry. While it offers a wide range of insurance products, it faces strong competition from several well-established insurance companies. Some of Nationwide’s main competitors include:
- State Farm: State Farm is one of the largest insurance providers in the United States, known for its extensive network of agents and a wide range of insurance offerings, including auto, home, life, and more.
- Allstate: Allstate is another major player in the insurance industry, offering various insurance products and services, including auto, home, renters, and life insurance. They are well-known for their advertising campaigns and claim services.
- Geico: Geico is renowned for its competitive auto insurance rates and user-friendly online platform. They often appeal to customers looking for cost-effective car insurance options.
- Progressive: Progressive is known for its innovative approach to auto insurance, offering features like Snapshot, which tracks driving habits to potentially lower premiums. They also provide various other insurance types, including home and renters insurance.
- USAA: While primarily serving military members and their families, USAA is a formidable competitor, offering a wide range of insurance and financial products, including auto, home, and life insurance, as well as banking services.
- Liberty Mutual: Liberty Mutual provides a range of insurance products, including auto, home, and renters insurance. They are known for their customizable coverage options.
- Farmers Insurance: Farmers Insurance offers a variety of insurance products, with a strong focus on home and auto insurance. They are known for their agents’ local presence.
- AIG: AIG is a global insurance company that offers a wide array of insurance and financial products, including life insurance and retirement solutions. They cater to a diverse customer base.
- Prudential: Prudential is a major player in the life insurance market, offering various life insurance and retirement products. They have a strong focus on long-term financial planning.
- Nationwide Mutual Insurance Company (a separate entity): While Nationwide Life Insurance Company is a subsidiary of Nationwide Mutual Insurance Company, they can also be considered competitors in some areas of the insurance market, such as auto and home insurance.
These competitors, along with many others in the insurance industry, constantly strive to attract customers through various marketing strategies, innovative product offerings, and competitive pricing. Nationwide’s ability to differentiate itself and provide excellent customer service will play a crucial role in its ongoing competition in the insurance market.
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Nationwide Life Insurance Company Claims Process
Ease of Filing a Claim
Nationwide Life Insurance Company offers multiple convenient options for filing a claim. Policyholders can file a claim online through the company’s website, over the phone by contacting their customer service hotline, or even through mobile apps designed for easy claim submissions.
This flexibility in the claims process ensures that customers can choose the method that suits them best, making the claims experience more user-friendly.
Average Claim Processing Time
The speed at which an insurance company processes claims can significantly impact customer satisfaction. Nationwide Life Insurance Company is committed to providing efficient claim processing.
While specific processing times may vary depending on the nature of the claim, the company strives to handle claims promptly and transparently. Policyholders can expect a streamlined process that aims to resolve claims as quickly as possible.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback plays a vital role in assessing the quality of an insurance company’s claims process. Nationwide Life Insurance Company values customer input and continuously seeks to improve its claim resolution and payout procedures.
By reviewing customer feedback, the company can identify areas for enhancement and ensure that policyholders receive fair and satisfactory claim settlements.
Nationwide Life Insurance Company Digital and Technological Features
Mobile App Features and Functionality
Nationwide Life Insurance Company offers a feature-rich mobile app designed to enhance the customer experience. The app provides policyholders with convenient access to their insurance information, including policy details and digital ID cards.
Additionally, users can file claims, check the status of existing claims, and even make payments through the app. This mobile technology empowers policyholders to manage their insurance needs on the go.
Online Account Management Capabilities
Managing insurance policies and accounts online has become essential in today’s digital age. Nationwide Life Insurance Company offers robust online account management capabilities through their website.
Policyholders can log in to their accounts to view and update policy information, make payments, and access important documents. This online platform simplifies the insurance management process, giving customers greater control over their policies.
Digital Tools and Resources
In addition to the mobile app and online account management, Nationwide provides policyholders with a variety of digital tools and resources. These tools may include insurance calculators, educational materials, and informative articles to help customers make informed decisions about their coverage.
By offering these digital resources, Nationwide aims to empower customers with the knowledge and tools they need to navigate the complexities of insurance effectively.
Frequently Asked Questions
What types of insurance does Nationwide Life Insurance Company offer?
Nationwide Life Insurance Company offers a wide range of policies including life, auto, home, pet, and travel insurance.
How does Nationwide Life Insurance Company maintain customer satisfaction?
Nationwide ensures customer satisfaction through competitive rates, an A+ A.M. Best rating, and a low complaint level.
What discounts does Nationwide offer to its policyholders?
Nationwide offers various discounts such as multi-policy and safe driver discounts to make coverage more accessible and cost-effective.
How does Nationwide handle its claims process?
Nationwide provides multiple convenient options for filing claims, aims for efficient claim processing, and values customer feedback to enhance claim resolution procedures.
What digital features does Nationwide offer for managing insurance policies?
Nationwide provides a feature-rich mobile app, robust online account management capabilities, and various digital tools and resources to empower customers.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
brycelefevre
Long phone wait times
Wareagle256205
Is Nationwide REALLY on your side?
Danielle202
Best Insurance Company
Purple1992_
Great service and worth the money
Lawanda
Delighted to have auto insurance and roadside assistance.
Anna5N
Nationwide is the best
Jencorbin
Nationwide really is on your side
Adelbert
In Nationwide I Trust
RD2371
Misleading adice
JealousGull
Staying with another 10+ years