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

Many variables contribute to the price of auto insurance, but cost is just one factor to consider when purchasing coverage. USAA and Nationwide are two well-known companies that you might consider for your insurance needs. Read on to compare coverage, price, discounts, and more with these insurers.

For more information on each company, see our USAA Car Insurance Review and Nationwide Car Insurance Review.

USAA and nationwide auto insurance coverage

USAA and Nationwide both offer standard Car insurance Cover:

Read our article on Common Types of Auto Insurance to learn more about basic coverage.

RELATED STORIES: USAA vs. Farmers 2022 Auto Insurance Comparison

Additional coverage

Additional Nationwide and USAA coverage may be available as add-ons to basic coverage in some states.

  • Forgiveness of accidents
  • Roadside assistance / towing
  • Reimbursement of the rental car
  • Medical payments
  • Replacement car insurance

Average USAA and national insurance rates

Nationwide often has lower tariffs than other large insurers. The Zebra says the average monthly premium cost from Nationwide and USAA is in the lower end of the auto insurance cost spectrum. Remember that in addition to your driver's license, your age, gender, marital status, the number of kilometers you drive each year, and your credit history are just a few of the factors that will affect your overall insurance costs.

This table compares the average annual awards between USAA and Nationwide by age group.

Age group USAA Nationwide
Teenagers $ 2,864 $ 3,624
20s $ 1,261 $ 1,582
30s $ 963 $ 1,582
40s $ 957 $ 1,151
50s $ 889 $ 1,114
1960s $ 845 $ 1,028

Source: the zebra

USAA and Nationwide Premium Discounts

One of the more generous discounts you can get from insurance companies comes from bundling auto insurance with a home, rental, boat, motorcycle, or other policy. Most insurers encourage their customers to bundle their coverage. Inquire through USAA and Nationwide for bundling options for multiple policies and vehicles.

You may be eligible for some other savings from a number of discounts including:

  • New car discounts
  • Discounts for anti-lock brakes
  • Anti-theft equipment discounts
  • Good student discounts
  • Paperless discounts
  • Early renewal discounts

USAA has an unusual discount on vehicles in storage. The advantage – geared towards deployed service employees – offers savings of up to 60% for the safe storage of a car for 30 days. If the storage location is on a military base, USAA gives an additional discount of 15%.

RELATED STORIES: Allstate Vs. Nationwide Auto Insurance Comparison 2022

Customer satisfaction with USAA and farmers

Many people stress a company's reputation when choosing a new insurance provider. These potential customers equate high ratings with a high probability that the insurer will handle claims quickly and efficiently. Therefore, above-average ratings for customer service and satisfaction are crucial for any insurance company.

In the 2021 US auto insurance study by J.D. Power, Nationwide received below average customer satisfaction levels in five regions. The study reviews the responses from around 39,000 auto insurance customers. It provides insight into customer satisfaction in key areas:

  • Car insurance costs
  • Policy offers
  • Billing process and policy information
  • Customer interactions
  • Allegations

The US Auto Claims Satisfaction Study 2021 by J.D. Power ranked nationwide at 876, slightly below the industry average of 880. The study looked at 7,345 auto insurance customers who handle claims.

USAA was not officially entered into this J.D. Power ranking included because the insurer did not meet the study's criteria. USAA only offers its policies to veterans and members of the US Forces and their families. Still, the company receives many positive reviews and its customer service is highly valued.

USAA is among the top rated companies in many Investopedia reviews including Best Auto Insurance, Best Teen Auto Insurance, and Best Military Car Insurance.

Which one has a better financial position, USAA or National?

If you suffer damage from an accident, theft, or weather-related damage, your insurer will have to pay for any claims you have covered. The ability of an insurance company to meet its financial obligations is vital.

USAA and Nationwide both have "superior" financial strength ratings from A.M. Preferably. The rating shows that these insurers can meet their claims obligations.

USAA Or Nationwide: Which Is Better For You?

Consider many factors when choosing between Nationwide and USAA for auto insurance. Nationwide often has cheaper tariffs, but the company does not deserve good marks for customer satisfaction. USAA is widely recognized by customers, but eligibility requirements can prevent you from signing a policy with them.

USAA and Nationwide are excellent options for high quality auto insurance. Your situation and your requirements are unique. When deciding on a new insurer, you need to do your research. Talk to company representatives who can help you choose the coverage levels that best suit your needs.

Shopping in the area can help you find the best policy. It is important to get a quote from multiple carriers. The most important thing is to understand your insurance options before purchasing a new insurance policy. Whenever you're buying a new or used car, read up on the car insurance laws to understand how much and what coverage you need.

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