Farmers vs. Nationwide: Pros & Cons (2021)

When comparing Farmers vs. Nationwide, it is best to cover price, discounts, and company ratings. Nationwide and Farmers offer comparable discounts, but Farmers is about $720 more expensive than Nationwide insurance. Nationwide is more highly rated by companies such as A.M. Best and the Better Business Bureau.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jul 18, 2021

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What You Should Know

  • Nationwide offers more competitive pricing than Farmers
  • Nationwide is more highly-rated than Farmers from companies like A.M. Best and the Better Business Bureau
  • Both Nationwide and Farmers offer a comparable amount of discounts

If you are here with us today you are probably looking for your next, or possibly first, auto insurer. To assist in simplifying this complex and irritating process, we’re going to compare only two companies: Farmers vs. Nationwide.

How do you get auto insurance quotes? You can research each auto insurance company individually, ask an agent about Nationwide pet insurance or Nationwide retirement insurance, or use a free quote tool to get auto insurance rates from multiple companies near you.

Before you learn more about Farmers vs. Nationwide, type your ZIP code into our free and helpful tool above to find affordable auto insurance quotes in your area. Don’t buy auto insurance until you know you have the best rate.

How do Farmers vs. Nationwide rates compare?

When you are comparing insurers and trying to go about understanding auto insurance, the best place to start is with price. The table below compares not just Farmers and Nationwide rates, but the rates for all of the largest insurers as well.

Average Annual Auto Insurance Rates by Company
CompanyAverage Annual Auto Insurance Rates
Allstate$4,533
American Family$3,699
Farmers$3,910
GEICO$3,074
Liberty Mutual$5,296
Nationwide$3,187
Progressive$3,935
State Farm$2,731
Travelers$3,729
USAA$2,489
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As you can see, of the 10 insurers shown, Farmers insurance is more expensive than six: American Family, GEICO, Nationwide, State Farm, Travelers, and USAA. In fact, Farmers is about $720 more expensive than Nationwide insurance.

Of the 10 insurers shown, Nationwide is more expensive than only three: GEICO, State Farm, and USAA. So, in terms of pricing, Nationwide wins. Let’s move on to what discounts are available from these two companies.

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What discounts are available with Farmers vs. Nationwide?

Now that we’ve seen that Nationwide offers more competitive pricing than Farmers, how do they fare in terms of discounts? Let’s take a look below at some of the most popular discounts available from the biggest insurers.

Discounts Provided by Major Auto Insurance Companies
CompaniesEmergency DeploymentFederal EmployeeForward Collision WarningMembership/GroupMilitaryMilitary GaragingOccupationRecent Retirees
21st Century
AAAx
Allstatexx
American Family
Ameriprisex
Amicax
Country Financialxx
Esurancexxx
Farmersxxx
GEICOxxxxx
Liberty Mutualxxxxxx
MetLifexxxxx
Nationwidexxx
Progressivex
Safe Autox
Safecoxxx
State Farmx
The Generalx
The Hanoverxx
The Hartfordxxxx
Travelersxx
USAAxx
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As you can see, of the eight discounts shown, Farmers offers three. These include a discount for being a federal employee, being in the military, and being in a specific occupation (ask your assigned agent).

Of the eight discounts shown, Nationwide offers three also. These discounts are for having a forward-collision warning system in your vehicle, being a member of a specific group (ask your assigned Nationwide agent), and being involved in a specific occupation.

So, it’s a tie for discounts. Let’s see how Farmers and Nationwide are rated by companies like the Better Business Bureau and A.M. Best.

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How are Farmers and Nationwide rated?

One last thing to look out for when comparing insurers is how they are rated by organizations such as A.M. Best and the Better Business Bureau.

Farmers is currently accredited by the BBB and holds the strongest rating that the BBB offers: A+. Nationwide is also accredited by the Better Business Bureau and holds the same rating.

A.M. Best has a rating scale ranging from A++ to D. Farmers has an A.M. Best rating of A, but this is currently under review. Nationwide, however, has a rating of A+ (Superior). So, in short, Nationwide wins in terms of company ratings.

Now that you know more about Farmers vs. Nationwide, get a start on finding affordable auto insurance premiums in your area simply by typing your ZIP code into our free and helpful tool below.

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