Auto-Owners vs Nationwide Car Insurance for 2024

Choosing the right car insurance can be a daunting task, but it is important to take the time to compare different companies and their policies.

In this article, we will compare Auto-Owners car insurance and Nationwide car insurance, two of the most popular companies on the market.

Here are some interesting attributes of both Auto-Owners and Nationwide car insurance:

Auto-Owners:

• Rated #1 in customer satisfaction by J.D. Power and Associates for 2020.
• Has been in business for over 100 years.
• Offers a variety of insurance products, including car, home, and life insurance.

Nationwide:

• Offers a SmartRide program that can save you up to 40% on your auto insurance.
• Provides coverage in all 50 states.
• Offers a variety of discounts, including multi-policy, safe driver, and good student discounts.

By the end of this article, you will have a better understanding of the benefits and drawbacks of each company, and be able to make an informed decision about which one is right for you. We encourage you to read on and learn more about these two insurance giants.

History and Mission

Auto-Owners Insurance was founded in 1916 in Michigan and has been providing insurance products for over 100 years. The company’s mission is to provide exceptional customer service and financial stability to its policyholders.

Auto-Owners is a mutual insurance company, which means it is owned by its policyholders rather than by shareholders. This allows the company to focus on the needs of its policyholders and make decisions that benefit them rather than shareholders.

Nationwide Insurance was founded in 1925 and is headquartered in Columbus, Ohio. The company’s mission is to provide the best possible insurance and financial services to its customers, while also giving back to the communities it serves. Nationwide is a publicly traded company, but it operates as a mutual insurance company in certain states, which means it is owned by its policyholders.

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Products and Services

Auto-Owners offers a wide range of insurance products, including car, home, and life insurance. Their car insurance policies include the following types of coverage:

• Liability Coverage: This coverage pays for damages and injuries that you cause to others in an accident.
• Collision Coverage: This coverage pays for damages to your car in an accident, regardless of who is at fault.
• Comprehensive Coverage: This coverage pays for damages to your car that are not caused by an accident, such as theft or weather-related damage.
• Personal Injury Protection (PIP): This coverage pays for medical expenses, lost wages, and other related expenses for you and your passengers in the event of an accident.

Nationwide offers a range of insurance products, including car, home, and life insurance. Their car insurance policies include the following types of coverage:

• Liability Coverage: This coverage pays for damages and injuries that you cause to others in an accident.
• Collision Coverage: This coverage pays for damages to your car in an accident, regardless of who is at fault.
• Comprehensive Coverage: This coverage pays for damages to your car that are not caused by an accident, such as theft or weather-related damage.
• Personal Injury Protection (PIP): This coverage pays for medical expenses, lost wages, and other related expenses for you and your passengers in the event of an accident.

Both Auto-Owners and Nationwide offer a range of car insurance products and services that can help protect you and your vehicle in the event of an accident. Both companies offer similar types of coverage, including liability, collision, and comprehensive coverage.

Cost of Insurance

The cost of both Auto-Owners and Nationwide car insurance can vary widely depending on a number of factors, including your age, driving history, location, the type of car you drive, and the coverage options you select.

According to some online sources, the average cost of auto insurance from Auto-Owners is roughly $1,360 per year, which is slightly above the national average of $1,202 per year. While Nationwide is roughly $1,485 per year, which is slightly higher than the national average.

However, keep in mind that these figures are only estimates, and your actual cost could be higher or lower depending on your individual circumstances.

Available Discounts Offered

Auto-Owners offers a variety of discounts to help you save money on your car insurance premiums. Some of the most popular discounts include:

• Multi-Policy Discount: You can save up to 25% on your car insurance premiums by bundling your car insurance with another type of insurance, such as home insurance or life insurance.
• Safe Driver Discount: You can save up to 20% on your car insurance premiums if you have a clean driving record for at least three years.
• Anti-Theft Device Discount: You can save up to 10% on your car insurance premiums if your car is equipped with an anti-theft device, such as an alarm system or GPS tracker.
• Paid-in-Full Discount: You can save up to 5% on your car insurance premiums if you pay your annual premium in full.

Nationwide also offers a variety of discounts to help you save money on your car insurance premiums. Some of the most popular discounts include:

• Multi-Policy Discount: You can save up to 20% on your car insurance premiums by bundling your car insurance with another type of insurance, such as home insurance or life insurance.
• Safe Driver Discount: You can save up to 10% on your car insurance premiums if you have a clean driving record.
• Accident-Free Discount: You can save up to 10% on your car insurance premiums if you have been accident-free for at least five years.
• Defensive Driving Discount: If you have completed a defensive driving course, you may be eligible for a discount on your car insurance premiums.

Ultimately, the right choice for you will depend on your individual needs and budget. It’s always a good idea to shop around and compare quotes from multiple insurance companies to find the best coverage at the most affordable price.

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Case Studies: Auto-Owners vs. Nationwide Car Insurance

Case Study 1: Sarah’s Accident Coverage

Sarah, a 35-year-old driver, was involved in a car accident where she collided with another vehicle. She had car insurance with Auto-Owners, and her policy provided comprehensive coverage, including liability, collision, and uninsured/underinsured motorist coverage.

Auto-Owners promptly handled Sarah’s claim, covering the damages to her vehicle and medical expenses resulting from the accident. Sarah was impressed with the comprehensive coverage and the efficient claims process provided by Auto-Owners.

Case Study 2: James’ Budget-Friendly Option

James, a 25-year-old driver, was looking for affordable car insurance that offered adequate coverage. He compared quotes from multiple insurance providers, including Nationwide. Nationwide offered James a budget-friendly option with competitive rates and discounts, such as a good student discount and safe driver discount. James chose Nationwide for its affordability and the additional savings he could enjoy.

Case Study 3: Emily’s Personalized Service

Emily, a 40-year-old driver, had specific coverage needs for her classic car. She reached out to both Auto-Owners and Nationwide for quotes. Auto-Owners recognized the value of Emily’s classic car and offered specialized coverage tailored to protect her unique vehicle.

Nationwide, although providing standard coverage, didn’t have the specialized options that Emily required. Emily decided to go with Auto-Owners for their ability to provide the personalized coverage her classic car deserved.

Understanding the Claims Procedures: Auto-Owners vs. Nationwide Car Insurance

Ease of Filing a Claim

When it comes to the claims process, both Auto-Owners and Nationwide offer multiple convenient options for policyholders to file their claims. These options include online claims submission, phone claims, and even mobile apps for added flexibility and ease of use.

Whether you prefer the convenience of filing online, speaking with a representative over the phone, or using a mobile app, both companies strive to make the claims process as accessible as possible.

Average Claim Processing Time

The average claim processing time is a critical factor for policyholders, as it directly impacts the speed at which they receive assistance after an incident. Auto-Owners and Nationwide aim to process claims efficiently, but the exact processing time can vary depending on factors such as the complexity of the claim and the documentation provided by the policyholder.

It’s advisable to inquire about estimated claim processing times when filing a claim to set realistic expectations.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback is invaluable in evaluating the effectiveness of an insurance company’s claims resolution and payout process. Auto-Owners and Nationwide have both received feedback from policyholders regarding their experiences with claims. Reviewing customer feedback can provide insights into the efficiency, fairness, and overall satisfaction of claim resolutions and payouts offered by these companies.

Embracing Technological Solutions: Auto-Owners vs. Nationwide Car Insurance Digital Features

Mobile App Features and Functionality

Both Auto-Owners and Nationwide offer mobile apps designed to enhance the policyholder experience. These apps typically provide users with the ability to access their policy details, make premium payments, file claims, and even access digital insurance ID cards. The features and functionality of these apps aim to make managing insurance policies on the go more convenient and efficient.

Online Account Management Capabilities

In addition to mobile apps, both companies offer online account management capabilities through their websites. Policyholders can log in to their accounts to review policy information, make adjustments to their coverage, and access important documents. These online tools empower customers with self-service options and flexibility in managing their policies.

Digital Tools and Resources

Auto-Owners and Nationwide may also provide digital tools and resources to assist policyholders in gaining a better understanding of their insurance coverage. These resources can include online calculators, educational materials, and guidance to help customers make well-informed decisions regarding their policies.

Leveraging digital resources can be particularly beneficial for individuals seeking to optimize their coverage and reduce insurance costs.

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Customer Feedbacks

Auto-Owners has a strong reputation for customer service and claims handling. Customers praise the company for its prompt and efficient claims process, as well as its helpful and knowledgeable agents.

Nationwide is also well-regarded by its customers, with many praising the company for its wide range of coverage options and helpful customer service.

According to J.D. Power’s 2021 U.S. Auto Insurance Study, Nationwide ranks above the industry average in overall customer satisfaction. The company received a score of 874 out of 1,000, which puts it in the “better than most” category.

In Review: Auto Owners vs. Nationwide

In conclusion, both Auto-Owners and Nationwide are well-established insurance providers with a range of products and services that cater to various customer needs. While Nationwide has a wider reach with services offered in all 50 states, Auto-Owners is known for its exceptional customer service and claims handling.

Ultimately, the choice between Auto-Owners and Nationwide will depend on individual preferences and needs. Customers should consider factors such as cost, coverage options, and customer service when choosing between the two. It may also be helpful to speak with an agent or get quotes from both companies to determine which one offers the best value for your specific situation.

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