Are you looking for the right choice between USAA and Nationwide for your car insurance needs? This blog post will help you compare both the companies. Here you’ll find a detailed analysis of USAA and Nationwide car insurance rates, discounts, and customer ratings.
We’ll discuss different aspects, such as credit score based rates, rates for high-risk drivers, and premiums by age. Also, based on discounts and customer reviews, it will help you understand which company might be a better option for you. Keep reading for complete details and choose the right insurance company!
USAA or Nationwide Which Company is Best for You?
When it comes to auto insurance, both USAA and Nationwide are popular options. However, depending on your personal needs and preferences, one of these companies may be better for you. In this section, we will discuss the major features, advantages and shortcomings of usaa and nationwide car insurance, so that you can take the right decision.
USAA Car Insurance
The USAA provides insurance services especially for military members, veterans and their families. The company is known for competitive rates, excellent customer service, and high customer satisfaction. The average annual premium of the Usaa is $ 1,381, which makes it an attractive option for conscious drivers towards the budget.
Advantages of USAA Car Insurance
- Competitive Rates: USAA often offers low premiums to its customers, especially if you have a good driving record.
- Customer Service: USAA’s quality of customer service receives high ratings.
- Discount options: Discounts available based on safety features, new car, and good driving habits.
- Flexible Policies: USAA offers the option to customize its policies as per the customer’s needs.
Disadvantages of USAA Car Insurance
- Limited Eligibility: If you are not in the military community, this insurance may not be available to you.
- Lack of physical office: Most services are provided online or via phone, which may limit in-person assistance.
Nationwide Car Insurance
Nationwide offers a wide range of insurance products for a comprehensive customer base. Its average annual premium is $ 1,548.
The company is known for a wide variety of discounts and adaptable policy options, making it suitable for drivers with different requirements.
Advantages of Nationwide Car Insurance
- Diversity and Availability: Nationwide provides services across the US and various types of insurance plans are available.
- Rebate and savings: many discount programs, such as multi-car discounts, smart driving discounts, and paperless policy discounts.
- Ad-on features: such as vanishing deductable, which can reduce your insurance premium.
- Local Agents: Nationwide has many local agents across the country, which provide personal assistance.
Disadvantages of Nationwide Car Insurance
- Premium cost: Nationwide rates for some customers may be comparatively higher.
- Customer Ratings: Customer ratings may be slightly lower than usaa.
USAA vs. Nationwide Car Insurance Rate Comparison
When it comes to comparing car insurance rates, many factors such as credit scores, driving records and age play an important role. In this section, we will compare the car insurance rates of usaa and nationwide in detail on different aspects, so that you can help make better decisions.
USAA vs. Nationwide Pricing by Credit Score
Credit score plays an important role in determining the insurance premium. Typically, customers with good credit scores get the benefit of low premium. In the table below, the average annual premium rates of USAA and Nationwide have been compared on their credit level:
| Credit Level | USAA Avg. Annual Premium | Nationwide Avg. Annual Premium |
|---|---|---|
| Very Poor (300-579) | $2,682 | $1,593 |
| Fair (580-669) | $1,247 | $1,262 |
| Good (670-739) | $1,057 | $1,283 |
| Very Good (740-799) | $910 | $1,109 |
| Exceptional (800-850) | $840 | $1,037 |
USAA vs. Nationwide Rates for High-Risk Drivers
Insurance premium for high-risk drivers is usually higher, as insurance companies consider these drivers more risky. The table below has compared the average annual premium rates of USAA and Nationwide based on various high-risk conditions:
| Citation | USAA Avg. Annual Premium | Nationwide Avg. Annual Premium |
|---|---|---|
| At-fault accident (damage < $1,000) | $1,304 | $1,836 |
| At-fault accident (damage > $1,000) | $947 | $1,475 |
| DUI/DWI | $1,952 | $2,691 |
| Reckless driving | $1,472 | $2,508 |
| Speeding ticket | $1,124 | $1,469 |
USAA vs. Nationwide Rates by Age
Insurance premium rates vary based on age, as insurance companies assess risk according to age group. The table below compares the average annual premium rates of USAA and Nationwide based on different age groups:
| Age | USAA Avg. Annual Premium | Nationwide Avg. Annual Premium |
|---|---|---|
| Teens | $2,864 | $3,624 |
| 20s | $1,261 | $1,582 |
| 30s | $963 | $1,582 |
| 40s | $957 | $1,151 |
| 50s | $889 | $1,114 |
| 60s | $845 | $1,028 |
Ratings Comparison USAA vs. Nationwide
When auto insurance companies are compared, their ratings provide important information about customer satisfaction, financial stability, and efficiency in the claims process. Below is a comparative analysis of USAA and Nationwide’s ratings:
| Ratings Comparison | USAA | Nationwide |
|---|---|---|
| Financial Strength (A.M. Best) | Superior | Superior |
| JD Power (Claims Satisfaction) | Excellent | Average |
| JD Power (Customer Satisfaction) | Excellent | Poor |
| NAIC Rating | Excellent | Below Average |
| The Zebra’s Editorial Review Score | 5/5 | 3.5/5 |
| The Zebra’s Customer Satisfaction Survey | 4.6/5 | 4.3/5 |
USAA vs. Nationwide Discount Comparison
Exemption in insurance policy is an important factor that can reduce your total premium cost. The table below has compared the exemption options of USAA and Nationwide, which will help you understand which company provides more discounts according to your needs:
| Discount Comparison | USAA | Nationwide |
|---|---|---|
| Good Student | ✓ | ✓ |
| Multiple Policies | ✓ | ✓ |
| Multiple Vehicles | ✓ | |
| Anti-theft Device(s) | ✓ | |
| Anti-lock Brake System | ||
| Air Bags | ||
| Good Driver | ✓ | ✓ |
| Defensive Driver | ✓ | ✓ |
| Student Away at School | ||
| Driver Training | ✓ | |
| Green Vehicles | ||
| Affinity Membership Alum | ✓ | |
| Advanced Purchase | ||
| Pay in Full | ||
| Home Owner | ||
| eSign or ePay | ✓ | |
| Telematics | ✓ | ✓ |
| New Vehicle | ✓ | |
| Annual Mileage | ✓ | |
| Military | ✓ | ✓ |
| Continuous Coverage |
Comparison Analysis:
- Usaa: Usaa provides more discounts to customers who are good drivers, insuring many vehicles, or owners of new vehicles. In addition, special discounts are given to military families.
- Nationwide: Nationwide has discounts like “Affinity Membership Alum” and “Esign or EPAY”, which make it more suitable for modern payment options. Also, anti-theft device discount is beneficial for customers who have safety features in the car.
Conclusion
Both usaa and nationwide are popular options for car insurance, but the right choice depends on your personal needs and preferences.
While USAA offers excellent rates, special discounts for military community, and high customer satisfaction rating, Nationwide is known for its broad coverage, technical relaxation, and local agent network. This comparison has given you information about the major features, rates, and discounts of both companies.