Nationwide vs. State Farm Auto Insurance in 2021

Nationwide and State Farm are top competitors in the car insurance industry. When you compare Nationwide vs. State Farm auto insurance, you'll find that State Farm's rates are cheaper than Nationwide's. Scroll down to compare more Nationwide vs. State Farm car insurance quotes, discounts, and company ratings for free.

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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: Jul 15, 2021

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A Concise Overview

  • State Farm has the largest market share in the auto insurance industry.
  • Teen drivers pay less for auto insurance at Nationwide.
  • State Farm DUI-based auto insurance is cheaper than Nationwide’s.
  • You can save money on auto insurance when you bundle Nationwide pet insurance and Nationwide Retirement to your policy.

Our Nationwide vs. State Farm auto insurance review explains which company is the cheapest, the available auto insurance coverages, how to qualify for discounts, and each companies’ third-party ratings.

You can compare Nationwide vs. State Farm car insurance quotes in your area by entering your ZIP code in the free online comparison tool above.

Nationwide vs. State Farm Auto Insurance: Which company is the Cheapest?

Before we get into Nationwide vs. State Farm auto insurance rates, let’s see the matchup between both companies.

Nationwide vs. State Farm Summary
SummaryNationwide Auto Insurance StatsState Farm Auto Insurance Stats
Year Founded19261922
HeadquartersOne West Nationwide Blvd. Columbus, OH 43215-2220One State Farm Plaza Bloomington, IL 61710
Available in how many states?All StatesAll States
Direct Premiums$6.6 Billion$41.1 Billion
Market Share3%16%
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State Farm towers over Nationwide when you compare direct premiums. Nationwide’s market share is much smaller than State Farm’s share in the auto insurance industry.

Does that make State Farm a better or cheaper company? We’ll let you decide. If you want a concentrated look into State Farm, check out our State Farm auto insurance review.

Which is cheapest by driving record?

Your driving record stands between you and affordable car insurance. When you have a clean driving record, you can get auto insurance for a much lower price.

Is that true for Nationwide and State Farm? Let’s see.

Average Monthly Nationwide vs. State Farm Auto Insurance Rates by Driving Records
Driving Record SummaryNationwide Monthly Auto Insurance RatesState Farm Monthly Auto Insurance Rates
Clean Driving Record$229$235
With One Speeding Violation$259$266
With One Accident$283$283
With One DUI$379$303
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It appears that a clean driving record has the cheapest car insurance rate when compared to other driving records. DUIs on a driving record are the most expensive, but State Farm’s DUI-based car insurance is less expensive than Nationwide’s.

Which is cheapest by credit score?

Did you know your auto insurance company will determine your rates based on credit score?

A person with good credit will receive cheaper auto insurance rates than someone with poor credit. Car insurance companies believe poor credit is associated with higher chances of filing a claim.

So how does this affect Nationwide vs. State Farm car insurance rates? Let’s look at the rates below.

Average Monthly Nationwide vs. State Farm Auto Insurance Rates by Credit Scores
Credit Score SummaryNationwide Monthly Auto Insurance RatesState Farm Monthly Auto Insurance Rates
Good Credit (670-739)$244$181
Fair Credit Score (580-669)$271$238
Poor Credit Score (300-579)$340$413
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Auto insurance rates based on good credit can save you hundreds per year. Poor credit can put a dent in your finances. However, Nationwideauto insurance is cheaper for policyholders with poor credit.

Which is cheapest by age and gender?

Auto insurance for teens is usually the most expensive rate you’ll find at any company. A driver’s age correlates to experience, but gender is associated with risk.

Since male drivers usually take more risks than female drivers, auto insurance companies increase rates for male drivers.

How are State Farm and  Nationwide car insurance rates calculated? Let’s examine the monthly rates based on age and gender.

Average Monthly Nationwide vs. State Farm Auto Insurance Rates by Age, Gender, and Marital Status
Age, Gender, and Marital StatusNationwide Monthly Auto Insurance Rates
State Farm Monthly Auto Insurance Rates
Married 35-year-old female$197$173
Married 35-year-old male$199$173
Married 60-year-old female$178$156
Married 60-year-old male$185$156
Single 17-year-old female$480$496
Single 17-year-old male$598$610
Single 25-year-old female$224$195
Single 25-year-old male$241$213
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State Farm insurance is cheaper for drivers 25 and older, but teen drivers can save more money on Nationwide insurance. If you qualify for discounts, you can slash prices to a more affordable rate.

Which is cheapest by coverage level?

Is the minimum car insurance requirement enough? Some states carry insufficient limits, even at the minimum requirement. It may be recommended that you buy a higher coverage limit.

But how does that affect Nationwide and State Farm auto insurance? Let’s look at the cost of car insurance based on coverage level.

Average Monthly Nationwide vs. State Farm Auto Insurance by Coverage Level
Coverage Level SummaryNationwide Monthly Auto Insurance RatesState Farm Monthly Auto Insurance Rates
Low Coverage Level (Depends on State)$283$255
Medium Coverage Level (50/100/50)$287$272
High Coverage Level (100/300/100)$292$288
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Although State Farm is cheaper, there’s not much difference in monthly auto insurance rates when you consider medium and high coverage. How so? Under the coverage level, Nationwide is only $4 more than State Farm.

Which is cheapest by commute mileage?

Driving your car less can save you money on car insurance and reduce your chances of getting into an accident. If you can go without driving your vehicle as much as the average person, you can expect cheaper rates on your auto insurance bill.

Let’s look at how miles per year can affect your Nationwide or State Farm auto insurance.

Average Monthly Nationwide vs. State Farm Auto Insurance Rates by Commute Mileage
Estimated Commute MileageNationwide Monthly Auto Insurance RatesState Farm Monthly Auto Insurance Rates
10 Miles Commute (6,000 miles/yr)$286$265
25 Miles Commute (12,000 miles/yr)$289$279
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State Farm is the cheaper company, but you’ll pay more money when you transition from 6,000 miles per year to 12,000 miles per year at State Farm, where Nationwide auto insurance only has a $3 increase.

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Nationwide vs. State Farm Auto Insurance Coverages

Are you looking for more coverage options? Both companies provide other auto insurance coverages you can choose from. But which company has more? Compare Nationwide vs. State Farm car insurance coverages below.

Comparing Nationwide vs. State Farm Auto Insurance Coverages
Nationwide Auto Insurance CoveragesState Farm Auto Insurance Coverages
Bodily Injury LiabilityCollision Coverage
Property Damage LiabilityComprehensive Coverage
Medical Payments coverageLiability Coverage
Collision coverageCar Rental and Travel Expenses Coverage
Comprehensive coverageUninsured Motorist Coverage
Uninsured & Underinsured Motorist CoverageUnderinsured Motorist Coverage
Personal Injury ProtectionMedical Payments Coverage
GAP CoverageEmergency Roadside Assistance
Rental Car ExpenseRideshare Driver Coverage
Roadside Assistance
Accident Forgiveness
Vanishing Deductible
Total Loss Deductible Waiver
Towing and Labor Coverage
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When it comes to auto insurance coverage flexibility, Nationwide has the upper hand. State Farm is short on car insurance coverages, but it makes up for it with low cost.

Nationwide vs. State Farm Auto Insurance: Who has more discounts?

We mentioned discounts a few times in the guide, but now you get to see Nationwide and State Farm’s discount values. Match up the values and see which company can provide a better deal.

Nationwide vs. State Farm Auto Insurance Discounts
Auto Insurance Discount NameNationwide Discount ValuesState Farm Discount Values
Accident ForgivenessVariesN/A
Accident Free DiscountVaries15%
Affinity group discountVariesN/A
Anti-lock Brake DiscountN/A20%
Anti-Theft Device Discount5%15%
Claims Free Renewal DiscountN/AVaries
Daytime Running Lights DiscountN/AVaries
Defensive Driver Discount10%5%
Driving Habits DiscountVaries30%
Driving training discountN/AVaries
Family Discount25%N/A
Farm Bureau Discount10%N/A
Good Credit DiscountN/A80%
Good Driver Discount10%25%
Good Student Discount15%25%
Home Owner DiscountN/AVaries
Low Mileage DiscountN/A10%
Loyalty DiscountN/AVaries
Mature driver discountN/AVaries
Military DiscountN/AVaries
Multiple Policy Discount25%17%
Multiple Vehicle Discount20%20%
New Car DiscountN/A40%
Organization Discount10%N/A
Paperless documents discountVariesN/A
Passive Restraint DiscountN/A40%
Preferred payment discountVariesN/A
Senior Adult DiscountN/AVaries
SmartRide discount10%N/A
Student Away at School DiscountN/AVaries
teenSMART DiscountN/A15%
Travelink DiscountN/AVaries
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State Farm appears to win the battle of the discounts with 24 total discounts against Nationwide’s 19 total discounts.

Nationwide vs. State Farm Auto Insurance Reviews

You’ve seen everything about Nationwide vs. State Farm car insurance rates. We’ve come to the review and rating portion of the guide.

To organize this section effectively, we split it into three parts to ensure you get everything you need to know about Nationwide and State Farm.

Pros and Cons

Let’s start with some of the advantages and disadvantages both companies face. We’ve put the pros and cons side-by-side so you can compare them more effectively.

Comparing Pros and Cons of Nationwide vs. State Farm Auto Insurance
Nationwide ProsNationwide ConsState Farm ProsState Farm Cons
Choice of an agent or buying coverage directly.Customer satisfaction ratings are average to below-averageEasy to file a claimCost is higher for customers with poor credit
One-stop shopping with lots of bundling optionsNo rideshare insurance availableCheap auto insurance ratesHas fewer discounts than most competitors
Rates are below average in most statesFewer add-on options than many other companiesGood financial strength ratings
Excellent customer review ratings
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State Farm has more pros than cons, while Nationwide appears to have an equal number of advantages and disadvantages.

Financial Strength and Credit Ratings

If you’ve ever wondered how well car insurance companies managed money, look at third-party financial strength and credit ratings. These ratings interpret the financial stability and customer experience in one singular score.  Let’s look at the results.

Nationwide vs. State Farm Financial Strength and Credit Ratings
AgenciesNationwide RatingsState Farm Ratings
AM BestA+ (Excellent)A++ (Superior)
Better Business Bureau (BBB)AA+
Moody'sA1 (Good)Aa1 (Excellent)
S&PA+ (Good)AA (Excellent)
NAIC Complaint Index1.450.98
J.D. Power - Power Circle RatingsAbout AverageBetter Than Most
Consumer Reports8889
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Nationwide has good ratings, but State Farm has gone above and beyond. Third-party rating agencies can make or break a company. However, Nationwide and State Farm are part of an elite group, where they can easily make up for mistakes.

Mobile App Ratings

Smartphone access to your car insurance provider has become a near-essential to the customer experience.

If you want to access Nationwide and State Farm on your smartphone, you’ll need to create a Nationwide or State Farm insurance login. You can do this on your desktop computer or from your phone.

Once you create a State Farm or Nationwide insurance login, you can access the app on any smartphone.

Which auto insurance company performs better on iOS and Android? Let’s compare the mobile app star ratings:

Nationwide vs. State Farm Mobile App Ratings
Smart Device Stores/SystemsNationwide Mobile App Star RatingsState Farm Mobile App Star Ratings
Apple App Store (iOS)2 stars3 stars
Google Play Store (Android)3 stars4 stars
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Nationwide is currently struggling with mobile app ratings, but State Farm appears to be doing okay. Your experience could vary, so give these apps a shot if you buy a policy from either company.

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Nationwide vs. State Farm Auto Insurance: The Bottom Line

State Farm has the advantage over Nationwide when you consider auto insurance rates, discounts, market share, and direct premiums. However, Nationwide has more coverage options and cheaper insurance rates for teens.

You don’t have to stop here though, the Nationwide vs. State Farm comparison could be different for you. Enter your ZIP code in the free online quote tool and see if your local area has Nationwide vs. State Farm car insurance quotes.

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