Farmers and Nationwide are major carriers to consider when you’re shopping for a new car insurance policy. Continue reading for a comparison of coverage, price, discounts, and more. Check out our Farmers Car Insurance Review and Nationwide Car Insurance Review for more information about these two companies.
Both Farmers and Nationwide are active in most of the United States and offer popular insurance coverage options:
Learn more about auto coverage products from our article on the common types of car insurance.
Additional features and products from Farmers and Nationwide may be available as add-ons to basic coverage. Some insurance products might not be available in every state.
While overall coverage options are comparable, check out these two notable differences:
Many factors influence car insurance rates. Each person’s premium is unique because of factors that include their driving record, age, and creditworthiness. In general, Farmers’ premiums are higher than Nationwide’s rates. According to The Zebra, the average monthly premium from Farmers is $131. With Nationwide, the average policy costs $90 per month.
This table compares average annual premiums between Nationwide and Farmers by age tier.
| Age Group | Nationwide | Farmers |
| Teens | $3,624 | $6,518 |
| 20s | $1,582 | $2,020 |
| 30s | $1,582 | $2,020 |
| 40s | $1,151 | $1,511 |
| 50s | $1,114 | $1,507 |
| 60s | $1,028 | $1,402 |
Source: The Zebra
One of the easiest discounts you can obtain from carriers is bundling auto insurance with home, renters, boat, motorcycle, or another insurance policy. Most insurers will encourage customers to take advantage of bundling their coverage. Be sure to ask about multi-policy and multi-vehicle bundling options through Nationwide and Farmers.
Policyholders with Farmers and Nationwide may be eligible for an array of auto insurance discounts and perks:
Farmers offers a discount on coverage for alternative-fuel vehicles. If you choose Nationwide, be sure to ask about discounts for completing a defensive driving course.
Finding a lower rate is a primary consideration for most insurance shoppers. Still, you should be sure that your car insurance company provides good customer service, quickly responds when you need help, and pays claims promptly.
A J.D. Power 2021 U.S. Auto Insurance Study provides insights into car insurance customer satisfaction in key areas:
The survey results indicate Farmers customers’ opinions of and experiences with the company are rated “excellent.” Customer sentiment for Nationwide is “average.”
An insurance company’s ability to meet its financial obligations is critical.
Financial strength assessments and ratings from A.M Best, Moody’s, and S&P indicate an insurance company’s ability to meet its financial obligations. According to The Zebra, Farmers boasts ‘”excellent” financial strength. Nationwide’s ratings indicate its strength is “superior.”
Deciding on the best car insurance company for you is a personal matter that requires many considerations. Your needs are unique, and you should request a quote from different insurance companies to get the exact cost of a policy and details of insurance products.
Both Farmers and Nationwide offer standard coverage that likely will suit your needs. Nationwide typically has lower rates. However, Farmers’ customer satisfaction ranks higher.
The cost of insurance is the primary concern for many drivers, but there are many factors you should examine. Above all, be sure that you understand the details of the coverage options you choose before renewing or signing a new insurance policy.
