Nationwide Home Insurance Review 2024

Nationwide Introduction and History

The Fortune 100 company, Nationwide, began its business by selling auto insurance in 1926. They gradually ventured into property insurance in 1934. The company has been one of the major home insurance providers in the country since. Nationwide offers a wide range of policies and financial solutions.

Nationwide has been a recognized insurance provider for almost 90 years. Nationwide house insurance is more expensive than competing policies, but its experience and coverage are superior. Its ordinary house insurance coverage contains benefits that other firms charge extra for.

High-net-worth homeowners can get Nationwide Private Client insurance for equipment malfunction and unintentional breakage of precious things. You may cash out if your house is damaged and you don't want to rebuild. This is fantastic if you live in a wildfire or flood-prone location or just want to move on instead of managing contractors for months.

Are you still wondering if Nationwide is right for you? It is best to know all about the company and policy before investing. So, to assist you in a fair decision-making process, Way.com reviews the Nationwide home insurance policy.

Nationwide Home Insurance Pros and Cons

While Nationwide is a major insurance provider in America, here are a few pros and cons of buying Nationwide insurance.

Pros	Cons
Exceptional scope of coverage options and benefits	It does not cover short-term rentals
Excellent discounts for new homeowners	Pricey premiums when compared to competition
High claim satisfaction rating by J.D. Power	Not available in all states

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Nationwide Home Insurance Review

It is always wiser to read reviews about an insurance provider before deciding. Customer reviews and business ratings provided by agencies reveal a lot about the stability and performance of the insurance company.

When an insurance company has positive ratings, it signifies reliability and customer satisfaction. The Nationwide home insurance ratings provided by J.D. Power, A.M. Best, and Way.com are here.

The overall rating for Nationwide homeowners insurance suggests they are a good company to buy your home insurance.

Company	Review Category	Rating
Way.com	Customer Satisfaction	Average
J.D. Power	Claims Satisfaction	Average
J.D. Power	Customer Satisfaction	Average
A.M. Best	Financial Strength	Superior

Where Is Nationwide Home Insurance Available?

Nationwide homeowners insurance is available in 43 states and Washington, D.C. It's unavailable in Alaska, Florida, Hawaii, Louisiana, Massachusetts, New Jersey, or New Mexico.

Nationwide Home Insurance Coverage Options

Are you considering Nationwide homeowners insurance? Here are the standard coverage options you can get from the insurance provider. However, note that policies may differ from state to state, and the list below is only for your reference.

Type of Coverage	What it Does
Dwelling	Pays for reconstruction or repair of your home's structure.
Other structures	Covers damage to unattached structures such as sheds and fences.
Personal property	Covers the repair or replacement cost of personal belongings such as clothing or furniture.
Loss of use	It covers hotel stays, restaurant meals, and other expenses if you must stay away from home while it's undergoing covered damage.
Personal liability	Pays for damages and legal expenses if you're responsible for injuring other people or damaging their property.
Medical payments	Pays medical bills of guests in your home, irrespective of fault.

Nationwide Home Insurance Additional Coverage (add-ons)

Nationwide homeowners insurance offers a wide range of add-ons that customers can choose to complement their policy. Below is the last of the add-ons you can choose.

Dwelling: This includes the structure of your home, any built-in tools, and wall-to-wall rugs.
Other structures: Keeps sheds, barns, gazebos, separate garages, and fences safe that aren't connected to your house.
Personal property: It covers things that aren't connected to your home, like clothes and furniture.
Insurance for ordinances or laws: Helps pay for the costs of rebuilding your home so that it meets building rules after covered losses
Personal Liability: Accidents that happen in the home and hurt someone or something are covered by personal responsibility.
Medical bills: Helps pay for medical bills if someone gets hurt on your land.
Loss of use: Pays for your living costs if you have to leave your home because of a covered loss
Credit card protection: In case of credit/debit card fraud, the policy covers transactions up to a certain amount on your cards.

Nationwide Home Insurance Coverage Limits

Nationwide homeowners insurance offers a wide range of coverage levels. Coverage levels impact your overall premium amount; hence, here's a list of coverage levels and their average annual rates for your understanding.

Coverage Level	Average Annual Rate
$200,000 dwelling, $100,000 liability	$2,025
$200,000 dwelling, $300,000 liability	$2,040
$300,000 dwelling, $100,000 liability	$2,736
$300,000 dwelling, $300,000 liability	$2,758
$400,000 dwelling, $100,000 liability	$3,208
$400,000 dwelling, $300,000 liability	$3,237
$600,000 dwelling, $100,000 liability	$4,043
$600,000 dwelling, $300,000 liability	$4,080

Nationwide Homeowners Insurance Discounts

The average premium of your home insurance depends on your state. However, you can save a few dollars with Nationwide homeowners insurance's extensive discount and bundling options. Discounts may differ on your location. Check with your agent for any clarification. Here's a breakdown of the discounts offered by Nationwide:

Discount	Details
Multipolicy discount	You'll get a 20% discount on bundling your home insurance with auto insurance. Renters, motorbikes, boats, and life insurance bundles may receive discounts.
Protective devices	Safety devices, such as burglars, fire alarms, and smoke detectors, can help you get a discount.
Roof rating	You can save with Nationwide home insurance depending on your roof material and age.
Gated community	If you live in a gated community protected by a security guard and require an access card to enter, you get a discount.
Claims-free	Your savings may increase the longer you wait to file a homeowners’ claim.
Home renovation credit	Nationwide offers discounts for renovating cooling, heating, plumbing, and electrical appliances.
Prior insurance	This discount is available if you have ongoing insurance with your prior insurer.
Smart home	Notion Smart Home Monitoring System users in specified states may do this.
New home purchase	Policyholders who have purchased their homes within a year are eligible for this discount.

How Much Does Nationwide's Home Insurance Cost?

Way.com compared Nationwide's average home insurance premiums to a few top U.S. insurers. Nationwide's annual rate was $2,192, much higher than the national average of $1,832.

Company	Average annual rate
State Farm	$1,512
Allstate	$1,672
Nationwide	$2,192
Farmers	$2,202
USAA	$1,787

How Do I Buy Nationwide Homeowners Insurance?

Are you considering buying Nationwide homeowners insurance? Here are the steps to purchase Nationwide insurance:

1. Determine your coverage - Determine how much it will cost to replace your belongings and reconstruct your house. You can estimate building expenses in your area with online tools and a home inventory.

2. Choose how you want your quote - You can begin the process by visiting the Nationwide website, calling the company, or using their online directory to locate an agent in your area.

3. Share details of your property - Share the details, such as age, address, building materials, and any recent renovations. You may also have to provide additional details, like the age of the water heater, if you have a fireplace, or if you've had any recent plumbing or electrical work.

4. Keep present or recent policy handy - Always keep your present policy or the recent one handy to compare and ensure that you are getting the right amount of coverage.

5. Buythenewpolicy - If you buy it through the website, you will be given the estimate once you have given all the required details. Then, you'll be directed to call an agent to finalize the quote.

Filing a Claim with Nationwide

Filing your Nationwide home insurance claim can be done by phone, online, or through the Nationwide app. Here are the steps you need to follow:

1. Police report - If the damage is caused by a crime such as theft or vandalism, first report it to the police.

2. Call Nationwide agent - You can file the claim online or through the mobile app. However, if you are filing through phone, contact your Nationwide agent for a smoother filing. Keep details of the damage, causes, and time or date of occurrence handy.

3. Document damage - Take sufficient photos and videos of the damage to provide proof of the claim. You can do this in the Nationwide app as well.

4. Carry out urgent repairs - If the damage harms your house, such as a water leak, you can repair it and keep the receipts for reimbursement.

5. Track your claim - Nationwide will provide a tracking number once a claim is filed. The insurance company will then look into the claim and assist you in gathering estimates for the repair.

Nationwide customer care number: 1-877-669-6877 or 1-800-421-3535

Nationwide Home Insurance vs. the Competition

Comparing Nationwide with its competitors will give you a clearer picture of how these policies fare in the market.

Nationwide vs. Erie

Erie Home Insurance is one of the top insurance providers for homeowners in the U.S. Nationwide has a wider reach than Erie. Nationwide covers most states in the country, whereas Erie covers only 12 states. However, both policies are available in Washington, D.C.

It is convenient to get quotes from Nationwide as you can acquire them online. But with Erie, you must call their agent to start the process. Though both companies offer online services such as bill payment, Nationwide also accommodates the filing of claims through the online platform. For Erie, you must contact your agent to file a claim.

Both Erie and Nationwide offer unique plans and standard policies. Nationwide's protection against credit card fraud and coverage to rebuild lost homes following the current code is not offered by many. Both Erie and Nationwide are rated A+ for financial stability by AM Best.

Nationwide vs. Allstate

Average cost is the greatest difference between Nationwide and Allstate home insurance. According to Way.com's rate study, Allstate plans cost less than the national average, while Nationwide plans cost more. Your annual insurance rates depend heavily on your location and the coverage level you choose.

Other than pricing, Nationwide and Allstate are similar. They're one of the largest insurance firms in the country, with several coverage options and discounts. They feature websites and applications for bill payment, claims filing, policy management, and local agents for more personal assistance.

Nationwide vs. USAA

Only military personnel, veterans, and their immediate families can benefit from the USAA home insurance policy. Both companies offer standardized policies to eligible customers. The most common coverage includes dwelling, personal liability, personal property, and guest medical coverage.

Optional or additional coverage for both insurers includes earthquakes, floods, water backup, and valuable items. While identity theft protection is optional with Nationwide, USAA includes this in all their policies except for in North Carolina.

Both companies offer flood coverage through the National Flood Insurance Program, offer policy bundles, and other discounts. They also provide online claim filing services.

How to Cancel a Nationwide Policy

1. Gather all information

To cancel your Nationwide coverage, keep all details, such as your name, address, Social Security number, and policy number, handy. When switching insurers, you may have to provide the new policy details.

2. Decide on a policy end date

When changing insurance, leave a modest overlap between your old and new policies to avoid coverage gaps.

3. Contact insurer

Calling 1-800-848-6331 to cancel your Nationwide policy is the easiest way. You can also write a formal cancellation letter including your name, policy details, and policy end date and send it to Nationwide Headquarters, One Nationwide Plaza, Columbus, OH, 43215.

Nationwide Online Features and App

In this era of digitalization, convenience has taken over most of our buyer decisions. The Nationwide app lets you:

Access I.D. cards from the app's main screen even when not logged in
Simple bill payment for life, property, and auto insurance
Control the autopay options.
Change or add drivers, as well as add or remove cars
Modify the coverages
Begin or review claims
Sign up for paperless papers.
Pay with no fees with Apple Pay or the app.

Key Customer Satisfaction Survey Findings — Nationwide

Consumer complaints

According to the NAIC, Nationwide has received complaints, as expected of a company of its size. This signifies that Nationwide can be a trustworthy partner for your home insurance requirements.

Consumer experience

Website: The Nationwide website makes it easy to pay bills, file and monitor claims, set up recurring payments, and enroll in paperless billing for your home insurance. Learning center articles include home insurance subjects.

App: Nationwide's iOS and Android app makes accessing documents and modifying policies easier.

Claims: You can file a Nationwide home insurance claim through the mobile app, online platform, or by calling 800-421-3535. Nationwide assigns an adjuster to guide you through the procedure.

Customer service: Call 877-669-6877 or your local agent for assistance. Customer support is accessible weekdays 8 a.m.–9 p.m. E.T. and weekends 9 a.m.–7 p.m. E.T. After-hour calls let you verify your insurance and make payments by phone. You can schedule a callback or use the chatbot on the Nationwide site for simple queries.

Overall Survey Takeaways

Nationwide ranks fifth in our Top 10 Best Home Insurance Providers list. The insurer offers basic coverage with the most popular safeguards and certain options not offered by rivals.

Nationwide covers credit and debit card abuse, housing, personal property, and liabilities. Credit card coverage covers fraudulent transactions and counterfeit cheques.

Other basic coverage includes medical payments for visitors injured on a policyholder's property, coverage for other structures, and living costs if a house can't be inhabited after a loss. Ordinance or law insurance can repair a home after a loss.

Identity theft protection, water backup, precious item coverage, and earthquake coverage with a deductible are optional. The company provides discounts for claims-free status, policy bundling, and security device installation.

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FAQs

Is Nationwide home insurance good?

It's a good idea to plan your home insurance with Nationwide because they have good average rates, few customer complaints, and extended and guaranteed replacement cost coverage.

Is Nationwide good at paying claims?

According to J.D. Power's most recent claims satisfaction study, Nationwide does about as well as the average insurance company at paying claims. The countrywide claims process got an average score of 873 out of 1,000, while Nationwide's got 868 out of 1,000.

Is Nationwide a reputable company?

Nationwide has been a recognized insurance provider for almost 90 years. Nationwide house insurance is more expensive than competing policies, but its experience and coverage are superior.

Is Nationwide a strong insurance company?

As a Fortune 100 company, Nationwide has been in the insurance business for quite some time now. It offers auto insurance, homeowners insurance, life insurance, and multiple other policies and financial assistance. With below-average customer complaints, it has a good chance of clearing your claim promptly.

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