Nationwide vs. State Farm: Which offers the cheapest auto insurance rates?

Nationwide vs. State Farm: Which one is the cheapest?

State Farm costs $502 per year, while State Farm costs $532 per year for state minimum coverage.

For full coverage with 100/300/100 liability limits and $500 deductibles for comprehensive and collision coverage, Nationwide costs an average of $1,548. On the other hand, State Farm is more expensive, with an average cost of $1,984.

It's always best to compare quotes because rates may differ in each state and also vary depending on your needs.

Company	Average annual rate for full coverage	Average annual rate for state minimum coverage	Average annual premium for liability-only (50/100/50) car insurance
Nationwide	$1,548	$532	$651
State Farm	$1,984	$502	$651

Nationwide vs. State Farm: Rates by age group

For a teen — one of the most expensive age groups to insure — Nationwide has the cheapest rates, coming in at $5,285 per year. State Farm costs an average of $5,368 for a teen driver.

Age is a major factor in calculating insurance rates. Companies look at speeding and accident trends as well as distracted driving statistics. Teen drivers are one of the riskiest — and therefore most expensive — age groups to insure. Rates drop as you get older.

For example, adults pay an average of $1,533 at Nationwide, while at State Farm the average rate for an adult is $1,985.

Age group	Nationwide	State Farm
Teens	$5,285	$5,368
Young adults	$2,556	$3,179
Adults	$1,533	$1,985
Seniors	$1,456	$1,858

Nationwide vs. State Farm: Rates for high-risk drivers

State Farm offers the best rates for high-risk drivers. These are drivers with multiple speeding tickets, accidents, or serious offenses like a DUI on their driving record making it difficult to find affordable auto insurance.

For drivers with a DUI, State Farm offers lower rates, with an average cost of $3,179 a year.

Refer the table below to see how Nationwide rates compare to State Farm rates.

Type of violation	Nationwide	State Farm
1 At-fault property damage accident over $2K	$2,537	$2,411
1 At-fault property damage accident under $2K	$2,481	$2,403
At-fault bodily injury accident	$2,673	$2,497
Careless driving	$2,203	$2,419
DUI	$3,627	$3,179
Reckless driving	$3,221	$3,037
Speeding	$2,347	$2,321

Nationwide vs. State Farm: Which is better rated?

When choosing an insurance carrierAn insurance carrier is the company that provides your car insurance policy and pays claims., consider customer service, claims handling, and online experience along with price. Check the table below to see how Nationwide and State Farm scored among the best car insurance companies of 2025.

Overall, Nationwide earned a score of 4.33, while State Farm received a score of 4.27.

Ratings	Nationwide	State Farm
NAIC	0.64	0.70
AM Best	A	A++
Average annual premium	$1,548	$1,980
Average monthly premium	$129	$165
Customer Satisfaction	4.1	4.2
Insurance.com score	4.3	4.3

Nationwide vs. State Farm: Rates in your state

Insurance rates are different in each state. Companies use information from your ZIP code, like weather, crime and traffic patterns, to calculate the risk. The table below shows where you can find the cheapest rates from Nationwide and State Farm. It's always a good idea to compare multiple quotes, as your final price will depend on your location, driving history and personal situation.

State	State Farm	Nationwide
Alabama	$1,790	$1,345
Alaska	$1,713	N/A
Arizona	$2,233	$1,726
Arkansas	$2,060	$1,503
California	$2,701	$2,799
Colorado	$1,950	N/A
Connecticut	$1,733	$1,766
Delaware	$2,153	$1,498
Florida	$2,119	$2,150
Georgia	$2,344	N/A
Hawaii	$1,938	N/A
Idaho	$1,120	$1,505
Illinois	$1,633	N/A
Indiana	$1,616	$1,309
Iowa	$1,306	N/A
Kansas	$1,976	$1,316
Kentucky	$2,753	N/A
Louisiana	$3,570	N/A
Maine	$1,262	N/A
Maryland	$2,177	$1,363
Massachusetts	$689	N/A
Michigan	$3,698	N/A
Minnesota	$1,525	$1,363
Mississippi	$1,797	$1,331
Missouri	$2,072	$1,361
Montana	$1,858	$1,394
Nebraska	$2,344	$1,216
Nevada	$1,443	N/A
New Hampshire	$1,155	$1,145
New Jersey	$2,153	N/A
New Mexico	$1,669	$1,806
New York	$1,951	N/A
North Carolina	$1,180	$1,513
North Dakota	$1,738	$1,152
Oklahoma	$1,861	N/A
Oregon	$1,502	$1,411
Pennsylvania	$2,473	$1,196
Rhode Island	$1,319	$1,911
South Carolina	$2,106	N/A
South Dakota	$2,096	$1,526
Tennessee	$1,677	$1,632
Texas	$1,956	$1,502
Utah	$2,175	$1,135
Vermont	$1,139	$935
Virginia	$1,479	N/A
Washington	$1,794	$1,658
Washington, D.C.	$2,426	$2,558
West Virginia	$1,691	$1,215
Wisconsin	$2,378	$1,287
Wyoming	$1,521	N/A

Nationwide vs. State Farm: Which offers better discounts?

Discounts are a great way to save money on your annual insurance premiums. Below are some of the discounts that Nationwide and State Farm offer to their customers.

Discounts	Nationwide	State Farm
Payment type	9%	N/A
Telematics	8%	13%
Days advanced purchase	7%	N/A
Marital status	7%	N/A
Multi policy	7%	10%
Homeowner	5%	2%
Safety devices	3%	4%
Loyalty	4%	18%
Paperless/electornic documents	4%	N/A
Electronic funds transfer	3%	N/A
Daily commute	N/A	2%
Air bags	2%	2%
Lower annual mileage	12%	10%
Anti-theft device	1%	1%

When shopping for car insurance, always ask about available discounts to see which ones you qualify for.

Nationwide vs. State Farm: The bottom line

Both Nationwide and State Farm are reliable insurance companies, but if price is your top concern, Nationwide might be the better choice. However, we recommend looking at more than just rates to find the best car insurance for your needs and comparing quotes from numerous companies.

Methodology

National and state average rates are based on three coverage levels: state minimum, 50/100/50 liability-only, and full coverage with 100/300/100 liability and $500 deductibles.

Unless otherwise indicated, averages are based on our full coverage data set. This data set is based on: