- Our thoughts on Nationwide
- Where can you buy Nationwide homeowners insurance?
- What does Nationwide homeowners insurance cover?
- How much is Nationwide home insurance?
- Nationwide home insurance discounts
- What makes Nationwide home insurance rates go up?
- Nationwide vs. competitors: How does Nationwide stack up?
- What do people ask about Nationwide?
- Is Nationwide a good homeowners insurance company?
Our thoughts on Nationwide
Nationwide is a big insurance company but isn’t quite available nationwide, although it has expanded to cover nearly every state.
Although Nationwide didn’t top our survey, it ranked well in several areas and climbed to third place in 2023 on J.D. Power’s property claims satisfaction survey. Claims are an area where many companies falter and are the most important measure of a home insurance company since that’s where promises are put to the test. Nationwide also has an A+ rating with AM Best.
“Ratings gauge an insurer's capacity to fulfill its insurance obligations, indicating its financial solvency,” says Siwei Gao, professor of insurance studies at Eastern Kentucky University. In other words, Nationwide can pay its claims.
In our survey, Nationwide’s customers largely said they would recommend the company and would renew their policy, a vote of confidence. Nationwide ranked at No. 7 on our 2024 best home insurance companies list.
Overall: Claims satisfaction is a vital measure of a homeowners insurance company, and Nationwide’s performance in that area is solid, making it easy to recommend.
Where can you buy Nationwide homeowners insurance?
Nationwide homeowners insurance is available in 44 states and D.C., offering coverage across most of the U.S.
| State |
|---|
| Alabama |
| Arizona |
| Arkansas |
| California |
| Colorado |
| Connecticut |
| Delaware |
| Georgia |
| Idaho |
| Illinois |
| Indiana |
| Iowa |
| Kansas |
| Kentucky |
| Maine |
| Maryland |
| Michigan |
| Minnesota |
| Mississippi |
| Missouri |
| Montana |
| Nebraska |
| Nevada |
| New Hampshire |
| New York |
| North Carolina |
| North Dakota |
| Ohio |
| Oklahoma |
| Oregon |
| Pennsylvania |
| Rhode Island |
| South Carolina |
| South Dakota |
| Tennessee |
| Texas |
| Utah |
| Vermont |
| Virginia |
| Washington |
| Washington D.C. |
| West Virginia |
| Wisconsin |
| Wyoming |
*Some state rates will vary based on the addition of a hurricane deductible and may be much higher when included.
What does Nationwide homeowners insurance cover?
Nationwide home insurance coverage includes all of the basics that are part of a standard policy:
- Your house (dwelling coverage)
- Any detached structures on your property (other structures)
- All of the contents of your house (personal property)
- Extra bills incurred when you can’t live at home due to a covered loss (loss of use/additional living expenses)
- Damages or injuries to others caused by you or occurring on your property (personal liability and medical payments)
Also included as standard with a Nationwide home insurance policy are:
- Law or ordinance coverage to build your home up to new standards or codes
- Credit card coverage for unauthorized transactions
There are also some options you can add to your Nationwide homeowners policy for extra coverage:
- Brand New Belongings, Nationwide’s replacement cost coverage for contents
- Better Roof Replacement, which pays to upgrade roof material
- Identity theft
- Valuables Plus high-value item coverage
- Increased dwelling replacement cost, up to two times your dwelling coverage
- Water backup
- Service line repair
- Equipment breakdown
Nationwide home insurance excludes all of the common perils not covered by a standard policy:
- No coverage for floods and earthquakes (earthquake can be endorsed)
- Coverage limits on certain types of personal property, like jewelry, fine art, musical instruments and sports equipment
- No coverage for excluded perils like war and terrorism, nuclear hazards, animal and pest damage and water and sewer backup (unless endorsed)
How much is Nationwide home insurance?
The average cost of a Nationwide homeowners insurance policy at our benchmark coverage or $300,000 dwelling and liability and a $1,000 deductible is $2,746. Coverage level will affect the average rate, as seen in the table below. And, of course, your Nationwide home insurance quote will differ based on the particulars of your house.
| Coverage level | Average annual rate |
|---|---|
| $200,000 dwelling, $100,000 liability | $2,013 |
| $200,000 dwelling, $300,000 liability | $2,028 |
| $300,000 dwelling, $100,000 liability | $2,724 |
| $300,000 dwelling, $300,000 liability | $2,746 |
| $400,000 dwelling, $100,000 liability | $3,196 |
| $400,000 dwelling, $300,000 liability | $3,225 |
| $600,000 dwelling, $100,000 liability | $4,031 |
| $600,000 dwelling, $300,000 liability | $4,068 |
| $1,000,000 dwelling, $100,000 liability | $5,383 |
| $1,000,000 dwelling, $300,000 liability | $5,437 |
Nationwide home insurance discounts
Nationwide’s biggest discount is for a new home, saving more than half of the average price. But owners of older homes can combine multiple discounts to save.
| Discount | Average rate before | Average rate after | % discount |
|---|---|---|---|
| New Home | $2,735 | $1,100 | 54% |
| Age of home | $3,151 | $2,476 | 17% |
| Separate Wind-Hail Deductible | $2,872 | $2,519 | 10% |
| Bundle | $2,803 | $2,556 | 9% |
| Construction type | $2,907 | $2,673 | 8% |
| Loyalty | $2,147 | $1,981 | 7% |
| Upgrades | $2,904 | $2,585 | 7% |
| Water Safety System | $1,301 | $1,206 | 7% |
| Sprinklers | $2,736 | $2,625 | 5% |
| Burglar Alarm | $2,582 | $2,512 | 3% |
| Fire Alarm | $2,665 | $2,596 | 3% |
| Gated Community | $2,534 | $2,492 | 3% |
| Smoke Detector | $2,333 | $2,288 | 2% |
| Claims Free | $1,777 | $1,775 | >1% |
| Automatic payments | $3,133 | $3,131 | >1% |
| Paid in Full | $3,133 | $3,130 | 0% |
What makes Nationwide home insurance rates go up?
Claims have the biggest effect on Nationwide rates; a history of claims can cause your rate to rise by 41% on average.
| Reason | Average rate before | Average rate after | % increase |
|---|---|---|---|
| Age of home | $2,165 | $2,240 | 3% |
| Claims | $2,774 | $3,740 | 41% |
| Construction type | $2,353 | $2,453 | 5% |
| Home-Based Business | $1,815 | $1,972 | 12% |
| Marital Status | $2,839 | $2,930 | 4% |
| Proximity to fire station | $749 | $761 | 2% |
| Wood burning stove | $879 | $930 | 6% |
Nationwide vs. competitors: How does Nationwide stack up?
Nationwide didn’t have a strong performance in several of the survey categories, but some competitors were in the same range. Customer satisfaction overall was a difficult category for Nationwide, with only 52% of customers expressing that they are satisfied or very satisfied.
| Company | Average annual rate | Customer satisfaction | Ease of service | Policy offerings |
|---|---|---|---|---|
| Nationwide | $2,746 | 74% | 81% | 77% |
| American Family | $2,504 | 84% | 89% | 84% |
| Travelers | $3,701 | 73% | 79% | 69% |
What do people ask about Nationwide?
People have a lot of questions when it comes to insurance companies, and Nationwide is no different. Take a look at some of the common questions about Nationwide home insurance.
Is there a grace period for Nationwide insurance?
Yes. The Nationwide grace period for home insurance payments is 25 days, according to the company website.
Why did my Nationwide homeowners insurance go up?
Home insurance rates across the country are going up, including at Nationwide, due to rising costs and severe weather. Some rate increases may be due to individual factors; contact Nationwide for an explanation of your rate increase.
Does Nationwide offer home insurance in Florida?
No, Nationwide doesn’t currently offer home insurance in Florida.
Is Nationwide a good homeowners insurance company?
A good home insurance company is one that’s there for customers when they need it. While Nationwide didn’t score as highly as some competitors in our survey, third-party ratings for the company are solid.
Do people trust Nationwide?
According to our survey, 73% of current Nationwide customers who responded said they trust the company. That’s about average, and few companies scored well on trust.
Do people recommend Nationwide?
Nationwide is pretty highly recommended; in our survey, 90% said they’d recommend Nationwide to others.
Do people plan to renew with Nationwide?
Although it wasn’t the highest score, a solid 92% of respondents said they plan to renew their Nationwide homeowners insurance.
Is Nationwide good at paying claims?
Nationwide earned a score of 884 on J.D. Power’s 2023 Property Insurance Satisfaction Survey, a third-place ranking. That’s a good sign that you can be confident your Nationwide house insurance claim will be paid.
