Nationwide offers affordable homeowners insurance in 46 states with endorsements for dwelling replacement costs, identity theft, and earthquake damage. It provides some of the lowest rates in the market, along with several discounts.
Nationwide’s basic policies include coverage for dwelling, personal liability, loss of use, and unauthorized credit card transactions. Notably, they also cover home and property damages caused by theft, fire, and weather.
Their policies do not cover water damage, earthquakes, flood insurance, identity theft, high-value items, or rebuilding costs after a loss by default, though these can be added on.
The pros of Nationwide include affordable rates, discounts for bundling and claims-free, and standard credit card fraud protection.
The cons are that policies can’t be purchased online, customer service ratings are lower than average, and policies aren’t available in Alaska, Hawaii, Louisiana, or Oklahoma.
Nationwide’s standard coverage includes dwelling, contents, other structures, personal liability, medical payments, and loss of use. It also features credit card coverage and ordinance or law insurance.
Optional riders include Better Roof Replacement, Brand New Belongings, dwelling replacement cost, earthquake, equipment breakdown, identity theft, service line coverage, umbrella insurance, Valuables Plus, and water backup.
The average premium for $300,000 in dwelling coverage is $1,681, which is about 25% below the national average. Rates depend on location, insurance score, claims history, and property details.
Discount options include claims-free, gated community, home purchase, home renovation credit, multi-policy, prior insurance, protective devices, roof discounts, and smart home monitors.
Nationwide and State Farm are similar in pricing, but Nationwide offers more discounts. State Farm has a slight edge in availability and customer service but was downgraded in financial strength in 2024.
Compared to Farmers, Nationwide is significantly cheaper, at $300,000 in dwelling coverage. Nationwide also offers more discounts, though both companies have extensive endorsement options to customize coverage.
To buy a policy from Nationwide, get a quote online, then purchase through an agent. You can also manage claims and payments via Nationwide’s app and website or by calling customer service.
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