Nationwide Home Insurance Reviews And Ratings
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HOW WE WEIGH OUR SCORE
- Claims 20%
- Price 35%
- Customer_service 25%
- Recommend 5%
- Renew 5%
- Website_app 10%
WHAT IS THIS RATING?
A.M. Best's Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations.
A.M. Best's rating is NOT used to calculate the overall score but it is important information to consider when choosing an insurance company.
AM best effective from: July 01, 2021 A+About Nationwide Home Insurance
Nationwide was formed and sold its first policy in 1926. The company was originally known as Farm Bureau Mutual Automobile Insurance Company.
In 1928, Farm Bureau Mutual expanded into other states, which included West Virginia, Maryland, Delaware, Vermont and North Carolina.
In 1933, Farm Bureau Mutual expand beyond automobile insurance with the establishment of the Farm Bureau Mutual Fire Insurance Company and in 1935 they acquired Life Insurance Company of America. In 1943, Farm Bureau Mutual expanded again, going into 12 additional states and Washington, D.C.
Farm Bureau Mutual changed its name to Nationwide in 1955 with the goal of eventually selling products from coast to coast. In 1968, Nationwide set up the first 24-hour claims reporting service.
The now-familiar, “Nationwide is on your side” jingle was first used in 1969. Jumping ahead to 2009, Nationwide became the first major insurer to launch an app for iPhone users, which allowed them to start the claim process, receive quotes and find a local agent.
Types of Coverages Offered by Nationwide Home Insurance
- Dwelling
- Liability
- Personal property
- Medical payments to others
- Additional living expenses
- Private client
Discounts Offered by Nationwide Home Insurance
- Multi-policy
- Protective device
- Claims-free
- Home renovation credit
- Roof rating
- Home purchase
- Prior insurance
- Gated community
Additional Coverages Offered by Nationwide Home Insurance
- Auto
- Motorcycle
- Snowmobile
- Classic car
- ATV
- RV
- Boat
- Personal watercraft
- Scooter
- Golf cart
- Life
- Pet
- Dental
- Umbrella
- Identity theft
- Accident medical
- Specialty liability
- Travel
- Wedding
- Business insurance
- Employee Benefits
Nationwide: Best Home Insurance Company for Auto Insurance Bundles
Nationwide earned a four-star InsureSore in our annual review of the Best Home Insurance Companies but they also secured the title of Best Home Insurance Company for Auto Insurance Bundles. This title was earned because Nationwide’s average bundle rate saved customers 25%. This savings was more than other carriers reviewed in our rate analysis.
Customers report that Nationwide is professional, responsive and works to know their customers. Customers also report an easy and seamless claims process.
Eighty-five percent of customers surveyed said they planned to renew their policies with Nationwide and 73% said they’d recommend Nationwide to a friend.
How likely customers would recommend this company?
Customer Complaint Ratio
The complaint data is gathered from the NAIC Complaint Index, which collects complaint information from state insurance regulators and then compares a company’s performance to other companies in the same insurance market. The national average is always calculated to be 1.00; those above 1.00 are worse than the national average and those below are better (have less complaints) than the national average. Read more at the NAIC website.
Note: Many companies have a variety of subsidiaries listed with the NAIC, the one rated here may be different than the one that writes your policy. Check with your company/agent for specific information.
