Nationwide has evolved from a small mutual car insurance company, owned by members, to one of the world’s most prominent insurance providers in their 80-year history. By working with Farm Bureaus in the company’s early establishment, Nationwide was initially named Farm Bureau Mutual Automobile Insurance Company, and based in Columbus, Ohio in 1925. Shortly thereafter, the company expanded into various states from coast to coast, though it is still supported by eight Farm Bureaus who provide member discounts. Nationwide insurance policies are now available in all fifty states and the District of Columbia, offering coverage for vehicles, property, travel, pets, identity theft, business, as well as life insurance.
Nationwide Mutual Insurance Company holds an A+ rating from A.M. Best, an A+ rating from Standard & Poor’s, and an A1 from Moody’s. Their 2011 complaint ratio across various state insurance departments averages 0.43, which is better than average. For customer service, Nationwide is “better than most” according to J.D. Power and Associates’ 2013 Auto Insurance Study, receiving 3/5 points.
If you’re interested in a policy from one of the nation’s top carriers, or would like to compare their rates with other auto insurers in your area, get a free auto quote from East Coast Auto Insurance.
Nationwide Auto Insurance Options
Nationwide provides a large assortment of mandatory and optional auto insurance coverages. In each state, you need some amount of liability insurance to cover property damage and bodily injury. Other states require personal injury protection and/or uninsured/underinsured motorist insurance. Depending on what you need to comply with state laws and how you prefer to cover your vehicle, you may consider multiple Nationwide plans.
First and foremost, everyone needs liability. Start with this coverage and buy at least the minimum required by your state, or more if you feel safer doing so. If your vehicle damages someone’s property or an accident results in physical harm, this covers the expenses for medical care, loss of income if the person misses work, legal fees if you are taken to court, and repair or replacement costs for property.
If your vehicle is damaged in an accident with another car, collision coverage can help pay for repairs to your own car if you are at fault in a covered loss. This coverage is a useful cushion for many car owners, as you avoid paying out-of-pocket for repairs in certain types of accidents once your deductible is met. Before your deductible, Nationwide will not cover any such expenses.
Comprehensive coverage applies to any sort of damage caused to your vehicle other than being in a car accident. Harm to your vehicle from natural disasters, storms, hitting an animal, falling objects, theft, vandalism, or any other sort of damage will be covered by these plans. Nationwide offers several different policies to restore your car after such an incident.
Uninsured Motorist Insurance
According to the Insurance Research Council, approximately 16 percent of drivers are uninsured. If you and your vehicle get hit by an uninsured driver or are the subject of a hit-and-run accident, UM can cover the cost of repairs from damage you didn’t cause.
Underinsured Motorist Insurance
Many individuals may have some form of coverage, but not a sufficient amount to cover every accident or expense. Having underinsured motorist insurance provides you additional safety if you are hit by another driver and their insurance cannot cover the damages. Your plan, which includes UIM bodily injury and UIM property damage, compensates for the remainder of costs (up to a maximum cost) after the driver at fault has already paid up to their insurance limit.
Personal Injury Protection
Required in multiple states, personal injury protection covers your medical and hospital bills, as well as lost wages, if you are injured in an accident. PIP also covers your passengers and any expenses they may have if they are injured or missed days at work. If you are injured as a pedestrian or a passenger in someone else’s vehicle, PIP may pay for medical treatment as well. Expenses for physical therapy and funerals may also be covered.
Avoid a premium rate increase following an accident that you have caused.
Towing and Labor Insurance
Get reimbursed for using a towing service and the cost of getting your car running smoothly after a breakdown.
If your car breaks down, gets a flat tire, or runs out of gas, Nationwide will cover the cost of assistance.