Nationwide – An Overview

Nationwide is a group of financial and insurance companies whose list of products include auto insurance, life insurance, flood insurance and motorcycle insurance among other options. The company’s headquarters is in Ohio with regional branches in Florida, Iowa, Texas and Virginia. Alongside its branches and online support, customers can also begin a claims process using Nationwide Mobile—the company’s phone app.

Nationwide — Its History

One of the older insurance companies in the country, Nationwide (formerly known as Farm Bureau Mutual) was founded in 1925 in Columbus Ohio. The company’s primary policy at the time was aimed at automobile insurance. In the months that followed, the company quickly expanded its coverage scope to other states such as Delaware, Maryland, and North Carolina. In 1934, after buying a fire insurance company, Nationwide Insurance added fire insurance to its list of products. The company continued its growth expanding its operation to as much as 12 states before the middle of the century. In 1955, the company changes its name to National Insurance—a name it has since retained. This was followed by further expansion to more states. By 1965, the company was operating from 32 different states, including the nation’s capital. Today, Nationwide is ranked among the Fortune 500 companies (No 154) and has as much as 36,000 employees spread across the country. The insurance company has consistently been awarded a 100% Corporate Equality Index rating since 2004.

Nationwide Insurance – Differentiating Factors

Nationwide Insurance offers several unique products designed to help customers. One of these is the Vanishing deductible program. Customers get a $100 of their auto insurance deductible for every year that they drive safely. Nationwide insurance also offers convenient access with their mobile apps (Android and Apple) which allow clients to log into their account from anywhere in the country. The app can also be used to learn the correct steps to take after as an accident. It also provides support for customers filing for a claim. Customers who have questions about their insurance coverage can discuss these with one of many agents thanks to the company’s free consultation and assessment service.

Nationwide Insurance – Let’s Hear What Their Customers Says…

Customers of Nationwide commend the company’s quick and polite response. Compared to other insurance companies, most customers have happier experiences with the way they were treated and their claims handled. Still, some customers report unpleasant experiences where their claims were ignored or turned down as a result of some technical lapse. On Viewpoint.com, Nationwide insurance scored 63 out of 100 based on the reviews left by customers.

Nationwide Company Information

Parent Company: Nationwide Financial Services, Inc.

Subsidiaries: TBG Insurance Services Corp., Nationwide Mutual Fire Insurance Company, Nationwide Retirement Solutions, Inc., Nationwide Asset Management Holdings, LTD Total, etc.  Holdings include more than 40 subsidiaries

Lines of Insurance: Vehicle Coverages: Auto, Motorcycle, ATV, RV, Boat, PWC, snowmobile, etc

Other Coverages: Life, Health, Homeowners, Renters, Travel, Flood, many others

Coverage Options:

  • Collision and physical damage
  • Uninsured and Underinsured bodily injury
  • Liability for personal injury or property damage
  • Medical Payments
  • Many other options

Licensed to sell insurance in: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, KY, ME, MD, MI, MN, MS, MO, MT, NE, NV, NH, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

A.M. Best Company Rating: A+ (Rating Explained)

Conclusion

Nationwide Insurance offers fair rates and decent services. Its commitment to service has won it several different awards including the Top 40 Best Companies for Diversity Award. It has offices in different states across the country, mobile apps and an active web presence. Interested customers may choose to contact them through either of these options.

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