Farmers vs. Nationwide Car Insurance (2021)

Our Farmers vs. Nationwide car insurance review helps you compare rates, car insurance coverages, discounts, and third-party ratings of two insurance giants. Your Farmers and Nationwide car insurance rates are determined by several factors, such as age, credit score, and driving record. When your circumstances drive up auto insurance rates, our comparison tool can find the best rates for you.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Feb 8, 2021

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The Highlights

  • The most significant factors that impact Farmers and Nationwide car insurance are driving record, credit score, and age.
  • Bundle other insurance products to save money on Farmers and Nationwide car insurance.
  • Farmers insurance has a more significant market share than Nationwide, but Nationwide insurance has a better A.M. Best rating.

Farmers and Nationwide are two car insurance empires that have a seat in the top 10 car insurance companies in the United States, but how do Farmers vs. Nationwide car insurance compare?

Our Farmers vs. Nationwide guide will compare car insurance rates, coverages, discounts, other insurance products, and third-party ratings.

If you have any hang-ups on how to compare the company, we’ll reassure you and encourage confidence in your next step to get reliable auto insurance.

If you’re leaning away from Farmers vs. Nationwide car insurance quotes, enter your ZIP code to compare quotes from multiple companies in your area. Otherwise, continue reading to learn more about Farmers vs. Nationwide car insurance rates.

Farmers vs. Nationwide Car Insurance: Which company is the cheapest?

Like any good matchup, it’s essential to see each contender’s statistics before we watch them go hand-to-hand. Let’s look at how Farmers and Nationwide compare.

Farmers vs. Nationwide Summary
SummaryFarmers Car Insurance StatsNationwide Car Insurance Stats
Year Founded19281926
Headquarters6301 Owensmouth Avenue Woodland Hills, CA 91367One West Nationwide Blvd. Columbus, OH 43215-2220
Available in how many states?All StatesAll States
Direct Premiums$10.7 Billion$6.6 Billion
Market Share4%3%
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Farmers has a slight market share advantage over Nationwide, but Farmers earns more than the Ohio-based auto insurance company.

For a closer look at Farmers and Nationwide, check out our Farmers Insurance Group review and Nationwide reviews for more details.

Which is cheapest by driving record?

If you want cheaper auto insurance rates at Farmers and Nationwide, maintain a clean driving record. Auto insurance companies use driving records as a way to determine auto insurance rates per year.

In the research below, we recalculated annual Farmers vs. Nationwide car insurance rates to monthly costs. Let’s see how much you could pay per month.

Average Monthly Farmers vs. Nationwide Car Insurance Rates by Driving Records
Driving Record SummaryFarmers Monthly Car Insurance RatesNationwide Monthly Car Insurance Rates
Clean Driving Record$288$229
With 1 Speeding Violation$340$259
With 1 Accident$377$283
With 1 DUI$393$379
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Both companies issue expensive rates for DUI convictions. However, Nationwide is the cheaper company when it comes to clean driving records.

Which is cheapest by credit score?

According to Experian, your car insurance company can issue rates based on your credit score to assess risk. What does that mean? Auto insurance providers correlate your risk to your credit score.

The better your credit score, the less chance you’ll have of filing a claim. However, low credit scores correlate to higher chances of filing claims.

Do Farmers and Nationwide follow this trend? Let’s look at their auto insurance rates based on credit scores.

Average Monthly Farmers v Nationwide Car Insurance Rates by Credit Scores
Credit Score SummaryFarmers Monthly Car Insurance RatesNationwide Monthly Car Insurance Rates
Good Credit (670-739)$306$244
Fair Credit Score (580-669)$325$271
Poor Credit Score (300-579)$405$340
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Nationwide wins the credit score battle with lower prices than Farmers auto insurance.

Which is cheapest by age?

Another significant factor when determining auto insurance rates is age. Your age is associated with risk. The younger you are, the higher your chances of filing claims.

Why? Younger drivers are less experienced behind the wheel. To offset the chances of filing a claim, car insurance companies issue higher rates. Let’s see how Farmers and Nationwide respond to age-based auto insurance rates.

Average Monthly Farmers vs. Nationwide Car Insurance Rates by Age
Age of DriversFarmers Monthly Car Insurance RatesNationwide Monthly Car Insurance Rates
60-Year-Old Driver$199$181
35-Year-Old Driver$213$198
25-Year-Old Driver$250$232
17-Year-Old Driver$736$539
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Farmers and Nationwide auto insurance rates for young drivers are pretty close, but Nationwide is still cheaper.

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Farmers vs. Nationwide Car Insurance Coverages

Some companies offer cheap car insurance but lack coverage options. A versatile auto insurance provider can be just as good as a company that provides less expensive costs. Let’s see where Farmers and Nationwide stand regarding coverage options.

Comparing Farmers and Nationwide Car Insurance Coverages
Farmers Car Insurance CoveragesNationwide Car Insurance Coverages
LiabilityBodily Injury Liability
CollisionProperty Damage Liability
ComprehensiveMedical Payments coverage
Uninsured / Underinsured MotoristCollision coverage
Medical PaymentsComprehensive coverage
Personal Injury Protection (PIP)Uninsured & Underinsured Motorist Coverage
Towing and roadside servicePersonal Injury Protection
Rental Car ReimbursementGAP Coverage
RideshareRental Car Expense
Loss of UseRoadside Assistance
Guaranteed Value™Accident Forgiveness
Customized EquipmentVanishing Deductible
Personal UmbrellaTotal Loss Deductible Waiver
Glass Deductible BuybackTowing and Labor Coverage
Full Windshield and Glass Coverage
Spare Parts Coverage
Original Equipment Manufacturer (OEM)
New Car Replacement Coverage
Accident Forgiveness
Classic/Antique Car Coverage
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Nationwide may have won the price battles, but Farmers takes the win for coverage options. Maybe Nationwide can make up for this shortcoming with other products. Keep reading to learn about different insurance products at Farmers and Nationwide.

Farmers and Nationwide Insurance Products

If you want to add a little more to your auto insurance policy, ask Farmers or Nationwide about more insurance options. The biggest players in car insurance also provide other services. Let’s see what else you can buy at Farmers and Nationwide.

Comparing Farmers vs. Nationwide Insurance Products
Other Insurance ProductsFarmers AvailabilityNationwide Availability
Boat Insurance
Condo Insurance
Life Insurance
Homeowners Insurance
Travel Trailer Insurance
Renters Insurance
RV Insurance
Motorcycle Insurance
Mobile Home Insurance
Pet Insurance
Retirement
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If you’re looking for a company with more insurance services, Nationwide may be the company for you. Bundling your Nationwide pet insurance and Nationwide retirement to your car insurance policy can save you money.

Ask about your bundling options at either company to see if you can save.

Farmers vs. Nationwide Car Insurance: Who has more discounts?

If your situation generates expensive car insurance, you can use discounts to slash rates by a certain percentage. Discounts are the saving grace to lower costs. Let’s examine how Farmers and Nationwide discounts can help you.

Comparing Farmers vs. Nationwide Car Insurance Discounts
Car Insurance Discount NameFarmers Discount ValuesNationwide Discount Values
Accident ForgivenessN/AVaries
Accident Free DiscountN/AVaries
Affinity group discountVariesVaries
Anti-lock Brake DiscountVariesN/A
Anti-Theft Device DiscountVaries5%
Claims Free Renewal DiscountVariesN/A
Daytime Running Lights DiscountVariesN/A
Defensive Driver DiscountVaries10%
Driving Habits DiscountVariesVaries
Driving training discountVariesN/A
Early Quote DiscountVariesN/A
E-billing DiscountVariesN/A
Electronic Stability ControlVariesN/A
EV/Hybrid Discount5%N/A
Family DiscountVaries25%
Farm Bureau DiscountN/A10%
Good Driver DiscountVaries10%
Good Payer DiscountVariesN/A
Good Student DiscountVaries15%
Home Owner DiscountVariesN/A
Loyalty DiscountVariesN/A
Mature driver discountVariesN/A
Military DiscountVariesN/A
Multiple Policy Discount10%25%
Multiple Vehicle DiscountVaries20%
On Your Own DiscountVariesN/A
Organization DiscountVaries10%
Paid in full discountVariesN/A
Paperless documents discountVariesVaries
Passive Restraint DiscountVariesN/A
Preferred payment discountVariesVaries
Prepay DiscountVariesN/A
Professional organization discountVariesN/A
Provider Switch DiscountVariesN/A
Senior Adult DiscountVariesN/A
SmartRide discountN/A10%
Student Away at School DiscountVariesN/A
teenSMART DiscountVariesN/A
VIN EtchingVariesN/A
Youth Driving DiscountVariesN/A
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Farmers discounts are nearly double of what Nationwide offers. However, the Farmers discounts vary. Nationwide, on the other hand, has more values that give you a definitive percentage.

Farmers vs. Nationwide Car Insurance Reviews

Some car insurance shoppers determine their final decision on ratings. The most reliable ratings are from financial strength and credit rating agencies. In the subsections below, we explore Farmers and Nationwide ratings from third-party companies. Continue reading to learn more.

Financial Strength and Credit Ratings

Let’s begin with Farmers’ and Nationwide’s financial strength and credit ratings to determine which company has better ratings.

Farmers vs. Nationwide Financial Strength and Credit Ratings
AgenciesFarmers RatingsNationwide Ratings
AM BestAA+
Better Business Bureau (BBB)A+A
Moody'sA2A1
S&PAA+
NAIC Complaint Index1.081.45
J.D. Power - Power Circle RatingsAbout AverageAbout Average
Consumer Reports8988
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Based on the information above, there’s a draw between Farmers and Nationwide. Nationwide has better A.M. Best, Moody’s, and S&P ratings, but Farmers has better BBB, NAIC, and Consumer Reports ratings.

In other words, Nationwide has a better financial outlook, but Farmers is better with customers.

Mobile App Ratings

Smartphones have become essential to the daily life of most consumers. So, auto insurance companies have invested in mobile apps to help customers connect to their policies much faster.

Farmers and Nationwide have followed this trend and provide customers with a mobile app on Apple iOS and Google Android devices. Let’s see how customers rate each company’s mobile app service.

Farmers vs. Nationwide Mobile App Ratings
Smart Device Stores/SystemsFarmers Mobile App Star RatingsNationwide Mobile App Star Ratings
Apple App Store (iOS)5 stars2 stars
Google Play Store (Android)4 stars3 stars
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Farmers’ mobile app ratings outperform Nationwide’s ratings. If you want to utilize these apps, create a Farmers insurance login or Nationwide insurance login.

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Farmers vs. Nationwide Car Insurance: The Bottom Line

Nationwide has cheaper rates, a higher market share, and a better financial outlook than Farmers. However, Farmers performs better with customers than Nationwide. Your experience will vary.

Find affordable car insurance in your area — enter your ZIP code in the free comparison tool below to compare outside of our Farmers vs. Nationwide car insurance guide.

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