Insurance quote Nationwide distinguishes itself from other providers by offering a unique array of benefits. Those benefits include vanishing deductibles and accessible choices tailored for individuals with low credit scores.
While their pricing tends to be slightly higher than that of competitors. Nationwide’s commitment to providing these advantageous features sets them apart. In this article, we’ll review Nationwide Insurance thoroughly. Without any further ado, let’s begin!
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Company’s Profile
Established in 1926 as Farm Bureau Mutual. Nationwide Mutual Insurance Company initially focused on providing affordable insurance rates to Ohio farmers and rural drivers. As the company expanded nationwide in the 1940s and 1950s, it adopted the name Nationwide Insurance.
The memorable slogan “Nationwide is on your side” gained popularity in 1965 through a catchy jingle that continues to resonate today. Now, Nationwide Insurance offers a wide range of coverage options to individuals across the United States.
Pricing
The insurance payment is determined by various personal factors, including your age, driving record, and desired coverage. That’s why every car insurance quote Nationwide is tailored specifically to your circumstances, ensuring a truly individualized rate.
The rates are based on certain assumptions, such as a clean driving record, average coverage limits, moderate driving distances, and a favorable credit score. For instance, a 25-year-old driver typically pays an average annual premium of $2,235.44. While a 60-year-old driver sees a reduced rate of approximately $1,600 per year.
It’s important to note that both credit score and driving record significantly influence premiums. With Nationwide, individuals with poor credit may face an additional cost of nearly $700 per year. Additionally, a single speeding violation can lead to a premium increase of $400, while a DUI can result in skyrocketing rates of up to $4,000 per year.
On average, Nationwide’s annual policy cost amounts to $1,864. While it’s considered one of the more expensive insurers, with rates nearly $450 above the industry average. It’s crucial to consider the comprehensive coverage and benefits that they provide.
Furthermore, Nationwide’s approach is more favorable for individuals who drive longer distances. They only charge an average of $15 more per year for those who drive twice as much. While other companies may impose an extra cost of up to $120 for higher mileage drivers.
Basic Coverage
In the following below are some basic coverage of the insurance quote Nationwide that you can get.
1. Liability
Nationwide provides two essential types of coverage: bodily injury liability and property damage liability. By opting for these coverage options, you can rest assured that expenses related to the other party’s medical bills or property damage will be covered. Remember, it’s up to the limits specified in your policy.
2. Comprehensive and Collision
With collision and comprehensive coverage from Nationwide, your vehicle is protected regardless of fault. For instance, if your vehicle collides with a tree or another car, the collision coverage would cover the associated costs.
3. Uninsured and Underinsured Motorists
In the unfortunate event that the at-fault driver lacks sufficient insurance to cover your medical expenses, Nationwide’s uninsured or underinsured motorist coverage will help cover those costs. This valuable coverage provides financial support when you need it most.
4. Medical Payments
Nationwide’s medical payments coverage goes beyond medical expenses. It offers protection against legal fees, emotional distress, hospital bills, and lost wages following an incident covered by your policy. Additionally, this coverage may include bereavement costs and other fees your family might incur if the accident proves fatal.
5. Personal Injury Protection (PIP)
When it comes to long-term injuries, Nationwide’s Personal Injury Protection (PIP) coverage is unparalleled. If you require extended rehabilitation or assistance with childcare due to the accident. PIP policy is the sole coverage that fully addresses these payments, ensuring comprehensive support during your recovery.
Additional Coverage
Aside from basic coverage, Nationwide also offers you additional coverage, such as:
1. Rental Reimbursement
Nationwide’s rental coverage reimburses the cost of a rental car, taxi, or public transit while your vehicle is being repaired due to a collision or comprehensive claim.
2. Towing and Labor
Nationwide’s towing and labor coverage handles expenses such as towing your vehicle to a repair shop and labor charges for roadside repairs. Thus, it may alleviate the financial burden and inconvenience of car breakdowns.
3. Gap Insurance
In the event of a total loss, Nationwide’s gap insurance covers the difference between the actual cash value (ACV) payment from your collision or comprehensive insurance. This also occurs on the amount you still owe on your car loan. It will safeguard you from potential financial gaps.
4. Roadside Assistance
Nationwide’s roadside assistance provides lock-out services, jump-starts for batteries, fuel delivery, and tire changes. It’s up to $100 in coverage for lock-out services and other roadside needs.
5. Vanishing Deductible
Nationwide’s vanishing deductible coverage is a remarkable feature. For each accident-free year, $100 is deducted from your collision or comprehensive deductible, potentially saving you up to $500 over time.
Pros and Cons of Insurance Quote Nationwide
In the following below are some pros and cons of Nationwide insurance that you must know!
The pros are:
- Competitive prices are tailored for individuals with low credit scores.
- Comprehensive coverage options, offering a convenient one-stop shop for insurance needs.
- Numerous policy choices are available to meet diverse requirements.
Meanwhile, the cons are:
- Comparatively less affordability compared to alternative options in the market.
- Customer service ratings fall below the industry average.
Features
Nationwide’s services and features are:
- Mobile App & Website: Access services and submit claims conveniently through Nationwide’s mobile app and website.
- First Aid Reimbursement: Get reimbursed up to $10,000 for first aid provided after an accident.
- Claims Valet Service: Nationwide’s Claims Valet Service delivers a rental car to you and handles moving your damaged vehicle to a repair shop.
- SmartRide Program: Drive safely and lower your premium by utilizing the onboard telematics device that tracks your driving habits.
- On Your Side Network of Repair Shops: Benefit from Nationwide’s network of trusted mechanics and garages for high-quality repairs.
How to Get an Insurance Quote Nationwide?
To obtain a quote from Nationwide, simply visit their official website’s homepage at Nationwide and submit an online quote request.
What Are Your Thoughts on an Insurance Quote Nationwide?
When it comes to obtaining an insurance quote Nationwide, it is important to consider various factors. Everyone’s insurance needs and preferences may differ. So it’s important to carefully consider and assess the Nationwide insurance quote in light of personal circumstances and requirements.
