Allstate Vs. Nationwide Auto Insurance Comparability 2022 – Kelley Blue E book

Allstate and Nationwide are two powerhouses in the auto insurance world. They have been competitors for decades; Allstate was founded in 1931, five years after Nationwide. Since then, both companies have offered auto insurance that covers most of the United States.

This article compares the two companies. For more information on each company, see our Allstate Car Insurance Review and Nationwide Car Insurance Review.

Nationwide and Allstate coverage

Nationwide and Allstate offer popular types of auto insurance, including liability, collision, fully comprehensive, personal injury, and uninsured and underinsured driver protection. Nationwide allows you to customize your policy and prides itself on being a fully comprehensive insurer. These types of policies are beneficial for those on a budget as they can customize coverage based on their needs, driving habits and the protection they want.

Allstate has you covered in areas that many providers don't. For example, if you're a music lover with a quality sound system in your car, Allstate offers sound system insurance that covers loss due to theft or damage to devices. Allstate also offers add-ons for rental car insurance, umbrella insurance, and roadside assistance.

Average insurance rates from Allstate and nationwide

Allstate and Nationwide awards are on the opposite end of the insurance cost spectrum. The average monthly policy on Allstate costs $ 170, according to a study by The Zebra. Nationwide rates are significantly lower at $ 90 per month. For those with low credit scores, Allstate's average annual premium is $ 3,117 while the average national premium is $ 1,593.

Many consumers argue that you get what you pay for, and Allstate's premiums match the company's service and reputation. Regardless, Allstate offers a number of discounts to offset the higher prices. Remember that rates on each policy vary based on driving records, geographic region, vehicle type and other factors including average annual mileage. Contact Allstate and Nationwide directly for personalized offers.

This table compares the average annual premiums between Allstate and Nationwide by age group.

Age group Nationwide Allstate
Teenagers $ 3,624 $ 6,442
20s $ 1,582 $ 2,636
30s $ 1,582 $ 1,920
40s $ 1,151 $ 1,912
50s $ 1,114 $ 1,893
1960s $ 1,028 $ 1,768

Source: the zebra

Premium discounts and savings

One of the best ways to save money on auto insurance is to bundle your coverage together. Homeowners may benefit most from this option, but having multiple vehicles on the same policy can also be in your favor. For example, if you're an adventure and outdoor enthusiast, Nationwide and Allstate offer the option to combine your auto insurance with coverage for other types of vehicles:

  • Off-road vehicles
  • Snowmobiles
  • motorcycles
  • Golf cart
  • RVs or RVs

Like most freight forwarders, Allstate offers savings on specific driver behavior and vehicle equipment:

  • Discount on anti-lock brakes
  • Good student discount
  • Paperless discount
  • Anti-theft equipment discount

Savings through telematics

One of the biggest discounts Allstate offers comes from its Drivewise and Milewise programs, which can generate savings based on your driving habits and stats.

Drivewise monitors driving behavior such as braking, speed and driving hours. The drivers are then rewarded according to their driving style. Those who do not have to deal with stop-and-go traffic during rush hour can benefit from participation. Drivers who sign up for the program receive a 10% discount. Allstate claims that certain drivers can potentially save up to 30% by using Drivewise. However, the system is not available in every state.

Milewise monitors the kilometers traveled by the vehicle. Put simply, the program is mileage insurance and can be a great option if you have a short commute, infrequent drive, earn fewer-than-average miles, or need cover for a weekend toy.

Nationwide also offers a telematics program called SmartRide. Drivers receive an initial 10% discount upon enrollment. Nationwide, claimants can receive a premium of up to 40% for safe driving. SmartRide requires you to install a small device that plugs into your car.

Allstate and statewide customer service ratings

Customer satisfaction ratings for all auto insurance carriers tend to be mixed. According to the U.S. auto insurance study J.D. Power 2021, customer reviews and experiences with Nationwide and Allstate look average. In the US Auto Claims Satisfaction Study 2021 by J.D. Power, both insurers are below the industry average of 880.

Which company is doing better financially, nationally or nationally?

It is very important that your auto insurance has a strong background and a solid financial record. This is vital after a natural emergency or disaster when further claims are made. You need to be confident that your insurance company has the means to pay for your damage. Both Allstate and Nationwide rank very highly for financial strength.

Allstate received from A.M. Best and an A issuer credit rating from S&P. Nationwide received an A1 rating from Moody's. These ratings show that both companies can easily meet their financial obligations.

Allstate vs. Nationwide: Which Is Better For You

There are many factors to consider when deciding between Allstate and Nationwide. Nationwide has lower prices but worse ratings than Allstate. Some users find Allstate's Drivewise programs to be more user-friendly than Nationwide's similar programs.

The companies are among the oldest auto insurance providers in the US and both offer great policies. Since cost is a major factor for consumers, it is important that you obtain a quote from multiple carriers before purchasing a new insurance policy.

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