Nationwide vs. State Farm: Pros & Cons (2021)

Today we will be comparing Nationwide vs. State Farm. In terms of pricing, both companies offer competitive pricing but State Farm is slightly cheaper. In terms of discounts, Nationwide offers more, utilizing the current information we have. In terms of company ratings, both companies received the same rating from the Better Business Bureau but State Farm did slightly better with A.M. Best. Compare quotes today to find out which company will give you the better deal.

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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: Mar 26, 2021

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What You Should Know

  • State Farm offers more competitive pricing than Nationwide
  • Nationwide offers a wider array of discounts (based on available info) than State Farm
  • State Farm has slightly higher ratings than Nationwide insurance

If you have decided to spend part of your day with us, you must be looking for your next insurer. This is a complicated process and we’re going to simplify it by comparing two companies: Nationwide vs. State Farm.

How do you get auto insurance quotes? You can contact each company individually to learn about services like Nationwide pet insurance or Nationwide retirement, or you can use free quote tools to get auto insurance rates all in one place.

Before learning more about Nationwide vs. State Farm, type your ZIP code into our free and helpful tool above to find affordable auto insurance quotes in your area.

How do Nationwide vs. State Farm rates compare?

The best place to start when comparing insurers, trying to go about understanding auto insurance, is to compare rates. The table that follows compares not just Nationwide and State Farm rates, but the rates for multiple large insurers.

Average Annual Auto Insurance Rates by Company
CompanyAverage Annual Auto Insurance Rates
USAA$2,489
State Farm$2,731
GEICO$3,074
Nationwide$3,187
American Family$3,699
Travelers$3,729
Farmers$3,910
Progressive$3,935
Allstate$4,533
Liberty Mutual$5,296
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Out of the 10 insurers shown, Nationwide is cheaper than six of its competitors. As for State Farm, it is cheaper than all but one auto insurance company (USAA).

So, we can say State Farm wins in terms of price. Let’s now move on to see how these companies fare in terms of discounts.

What discounts are available with Nationwide vs. State Farm?

Now that we’ve seen that State Farm offers more competitive pricing than Nationwide, how do they measure up when it comes to discounts? Let’s take a look at a table that shows some of the major discounts available from various major 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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Nationwide offers three of the eight shown discounts. Keep in mind that these big insurers offer far more than eight discounts.

Of these eight, though, Nationwide offers discounts for having a forward collision warning in your vehicle, having a specific occupation, and being a member of various groups (ask your agent if you qualify).

State Farm Insurance offers only one of the eight discounts shown. The one it offers is one that Nationwide does not, a military discount. So for discounts, Nationwide wins. What’s great about these discounts is a lot of them are as simple as typing in your Nationwide or State Farm login.

This goes to show that discounts vary based on the insurer. Inquire as to what discounts you can accrue that are applicable to your lifestyle. Let’s now move on to how these companies are rated by organizations such as A.M. Best.

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What are financial strength and customer satisfaction ratings with Nationwide vs. State Farm?

When you are comparing insurance companies, it’s best to look at rating organizations such as the Better Business Bureau and A.M. Best. These organizations analyze how financially strong a company is in the present as well as the future.

Nationwide received an A+ on A.M. Best’s rating scale. A.M. Best’s rating scale gives companies a rating ranging from superior (A++, A+) down to poor (D). The Better Business Bureau also gave Nationwide a rating of A+. Though, in this case, the rating of A+ is the highest rating.

So, how did State Farm do? State Farm scored better than Nationwide with a rating of A++ from A.M. Best. In terms of the BBB, they tied with a score of A+.

So, overall, we can say that State Farm is more highly rated, though by a narrow margin. If we stress anything before you leave us today, it is that you must be thorough when comparing insurers. Ask the agents what discounts they offer that could decrease your premiums.

Ready to buy auto insurance? Now that you know more about Nationwide vs. State Farm, type your ZIP code into our free and helpful tool below to find affordable auto insurance quotes in your area. This is certainly easier than asking Jake from State Farm.

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