Allstate vs. Nationwide

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Allstate vs. Nationwide
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Allstate is the fifth-largest insurer in the U.S., with 4.73% in market share. It has been writing auto insurance policies since 1931 and now sells a raft of insurance products, from auto to identity protection, to roughly 113 million customers. Allstate has more than 12,000 agents in the U.S. and has initiated innovative programming such as its Drivewise telematics program, which saves money on premiums for safe and careful drivers.

Nationwide is the tenth-largest insurer in the U.S., with 2.55% in market share. It has been selling insurance since 1926, and provides policies for cars, homes, farms, pets and more. It has a reputation for being financially sound — ensuring that it will be there when you need it, even in a covered regional disaster — and offers a range of coverage options to allow consumers to personalize their policies.

Allstate vs. Nationwide: car insurance rates comparison

When considering Allstate vs. Nationwide, our Bankrate Score can be used to provide additional qualitative analysis. The score incorporates average premium costs, customer service and financial stability. The two companies are neck-and-neck in 2020 J.D. Power rankings based on the quality of each company’s ability to handle claims. Nationwide has an edge on Allstate when it comes to average annual premiums, but your own rate may differ.

Car insurance company Bankrate Score AM Best J.D. Power Average annual premium for minimum coverage Average annual premium for full coverage
Allstate 3.6 A+ 876/1,000 $697 $1,921
Nationwide 4.2 A+ 876/1,000 $501 $1,485

Rates by credit score

As you can see from this chart, which is based on up-to-date data from Quadrant Information Services, your credit rating plays a big role in determining your premium. With Nationwide vs. Allstate, Nationwide comes in on top with lower average rates in each credit tier. But be aware that your own rates will vary and consider gathering quotes from more than one insurer when looking for the best deals. Note that if you are residing in California, Hawaii or Massachusetts, insurers cannot use your credit rating as a factor in determining your rates.

Car insurance company Poor Average Good Excellent
Allstate $3,157 $2,312 $1,921 $1,989
Nationwide $1,924 $1,577 $1,485 $1,269

Rates by age

Age is another factor in determining your premium. Younger drivers will generally pay more than older drivers, although once again, rates will vary depending on your provider. As far as Nationwide vs. Allstate goes, rates are generally lower with the former, while Allstate generally charges a higher premium.

Car insurance company Age 16* Age 18 Age 25 Age 30 Age 40 Age 60
Allstate $2,459 $6,152 $2,629 $2,317 $1,921 $1,986
Nationwide $1,241 $4,449 $1,668 $1,479 $1,485 $1,243

*16 year old cost when added to parents’ policy, 18-year-old renter

Rates by driving record

It makes sense that your driving record will impact your rate, since the less accidents you have, the less likely it is that you will file a claim on your policy. Both Allstate and Nationwide show increases to rates following any sort of traffic infraction, but Nationwide’s average rate increases are less than Allstate’s.

Car insurance company Clean driving record Speeding ticket Accident DUI conviction
Allstate $1,921 $2,227 $2,570 $4,287
Nationwide $1,485 $1,734 $1,745 $2,665

Allstate vs. Nationwide: discounts

Discounts allow you to save money on your premiums, and almost every insurer offers at least a few. Make sure you review your policy annually so that you can be certain you are getting all the discounts for which you are eligible. In looking at Allstate vs. Nationwide, Allstate has 11 available discounts while Nationwide offers 9.

Allstate

  • Smart student — If you are under the age of 25 and unmarried, you could save if your grades are a B- average or higher, attend school at least 100 miles away from home or have successfully completed Allstate’s teenSMART driver education program.
  • FullPay — If you can afford to pay for your policy’s annual premium all at once, you could receive a discount.
  • Anti-lock brakes/anti-theft device — If your car has either or both of these items installed, you could earn a discount.

Nationwide

  • SmartRide — This safe driving program requires you to download an app that gives you and the company real-time information on your driving habits. If you prove to be a safe driver, you can save up to 40% off your premium.
  • Bundling — Nationwide states that you could save an average of $646 a year by bundling your homeowners insurance with your car insurance.
  • Accident-free — If you have an accident-free driving record, there may be a discount available for you.

Allstate vs. Nationwide: online and mobile experience comparison

Many people prefer to do their business on the go, with their smartphones. Allstate and Nationwide both make that easy with apps for iOS and Android devices that allow you to manage your account, file claims and more.

Allstate

  • App Store (4.8 stars) — Allstate’s iOS app features a comprehensive list of tasks you can manage: access your ID cards and docs, pay your bill, call for roadside assistance and use the company’s Drivewise safe driving program. You can also access Allstate Digital Footprint, to help keep your online presence safe and secure.
  • Google Play (3.1 stars) — Allstate’s Android app includes the same features as the iOS version, but has lower user reviews. Some users complain of a glitchy interface that freezes or crashes occasionally.

Nationwide

  • App Store (4.4 stars) — Nationwide’s iOS app features face ID and touch ID login, access to Apple Pay and more. There is an accident checklist and you can file a claim, pay your bill, choose a repair shop or rental car and manage document delivery.
  • Google Play (4.0 stars) — Nationwide’s Android app does everything the App Store version does: you can pay your bill, file a claim, get roadside assistance and more. User reviews are generally positive, although there is room for improvement.

Frequently asked questions

Which insurance company has the best policies?

No one company is the right choice for everyone. A good strategy is to gather quotes from several insurers to see who gives you the best price along with excellent service. Many people start their search by looking at the country’s top insurance companies.

What insurers offer the best rates?

There are nearly 6,000 insurance companies in the U.S., and your rates will differ with each one. The average insurance policy costs $1,674 annually, but you may be able to find a cheaper rate by gathering quotes from a number of insurers before making your choice.

How can I lower my car insurance rate?

There are a couple of tactics you can try. First, shop around regularly to see if switching to another carrier would make sense. Second, make sure you are getting any discounts for which you are eligible. Finally, consider raising your deductible if you can afford to — this will reduce your premium.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base), and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining auto insurance rates: CA, HI, MA

Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. 16-year-old rates were factored as the added cost to their parents’ policy; 18-year-old rates were calculated as drivers who rent their primary residence.

Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction (BAC of >= .08) and lapse in coverage.

Written by
Mary Van Keuren
Insurance Contributor
Mary Van Keuren has written for insurance domains such as Bankrate.com, Coverage.com and Thesimpledollar.com for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including reviews.com and myslumberyard.com. Prior to that, she worked as a writer in academia for several decades.
Edited by
Insurance Editor