Nationwide Insurance Review

Nationwide Mutual Insurance Company is a large business that offers insurance policies for auto, home, renting, business, life, etc. along with financial services for investing, saving, debt management, etc. This company is headquartered in Columbus, Ohio. Founded in 1925, Nationwide has grown to a very large size, and it ranks among the nation's largest insurers. It offers several different insurance products, but the one I am most familiar with is Nationwide's Auto Insurance. Let's take a closer look at this insurance company and see how its coverage stacks up against the competition:

Insurance Commentary:

Like other auto insurance companies, Nationwide offers several different coverage options to give the vehicle owner more peace of mind. The company offers the usual vehicle damage and repair coverage, along wit liability coverage, uninsured motorists, family compensation, no- fault injury protection, and more.

Nationwide's auto insurance costs a little bit more than many other carriers. Part of the reason for the higher price is the Nationwide name itself, and part of it is for the quick response and the years of reliable service that Nationwide has given to its policy holders. A large insurance company typically has a much larger asset base to access, for payment of claims, which makes it (generally speaking, of course) a little bit safer than a smaller company.

Nationwide Insurance Company has been in the business of auto insurance for a long time, with a solid record for paying claims and keeping customers happy. I have used Nationwide auto insurance in the past and never had any problem with them. I can't complain about the premiums, either. The prices, while a little higher than average, are still fair for what you get.

I like the fact that Nationwide gives the option of making premium payments monthly rather than semi- annually. When I first became a Nationwide customer, I was young and owned a brand- new car. The premiums, if paid semi- annually, were too much for me to cover in a lump- sum. The monthly payment option was perfect for me at the time because it reduced the needed cash down to a manageable level. I still like this option, and it is now common with all insurance companies. It is much easier to budget money for each month rather than pay a large sum every six months.

One of the main reasons I stuck with Nationwide for so long was the friendly service. Mind you, I have never caused a wreck so I have never had to submit a claim. But my other dealings with Nationwide have all been positive. When I first signed up for Nationwide, I was treated much more respectfully than I had been with other carriers. They didn't try to push products on me that I didn't really need and/or couldn't afford. They gladly accepted my business and treated me like an adult.

Nationwide is a mutual insurance company. This is significant because it means there are no direct shareholders. The policy holders are considered the "owners" of the company. With no shareholders to satisfy, Nationwide doesn't need to worry that its company will be influenced by certain outsiders who only care about improving the bottom line at any cost. Rather, Nationwide can concentrate its efforts on serving its customers, which it does quite nicely.

Bottom Line Viewpoint:

Overall, I like Nationwide auto insurance and would probably still be using them had I not been lured away to Geico (lower cost convinced me to change). I have never submitted a claim, so I can't comment on the company's effectiveness in this area. But I know that Nationwide is a friendly, helpful company that always treated me with respect and dignity.