Allstate vs. Nationwide: Best Auto Insurance for 2021
A comparison of Allstate vs. Nationwide auto insurance rates shows that Nationwide is the cheaper option. Allstate auto insurance has a bigger market share and fewer NAIC complaints, but Nationwide auto insurance rates are $120 less expensive per month on average. Allstate vs. Nationwide auto insurance quotes will vary based on factors specific to you.
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UPDATED: Jul 19, 2021
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- Allstate Insurance has a larger market share and earns more than Nationwide Insurance
- Nationwide auto insurance rates are about $100 cheaper than Allstate auto insurance
- You can save money when bundling Nationwide Pet Insurance or Nationwide Retirement with an auto insurance policy
- Allstate’s financial strength ratings are much stronger than Nationwide’s ratings
Now that you’ve narrowed your auto insurance list to Allstate and Nationwide, you’re ready to compare Allstate vs. Nationwide auto insurance rates. However, your auto insurance is determined by several factors.
Our Allstate vs. Nationwide auto insurance guide explains everything you need to know about their monthly auto insurance rates, coverage options, discounts, and third-party ratings.
Before learning all about Allstate vs. Nationwide, enter your ZIP code in the free comparison tool above to compare multiple companies in your area.
Allstate vs. Nationwide Auto Insurance: Which company is the cheapest?
On average, Nationwide auto insurance is $120 cheaper than Allstate auto insurance. Do lower prices make Nationwide the better company? Not necessarily.
Let’s examine a quick summary of both companies. This will give you an idea of where Allstate and Nationwide stand in the car insurance industry.
|Summary||Allstate Auto Insurance Stats||Nationwide Auto Insurance Stats|
|Headquarters||3075 Sanders Road Northbrook, IL 60062-7127||One West Nationwide Blvd. Columbus, OH 43215-2220|
|Direct Premiums||$23.8 Billion||$6.6 Billion|
|National Average Auto Insurance||$407/month||$287/month|
Allstate earns $17.2 billion more than Nationwide. Also, Nationwide’s market share is six percent less than Allstate’s.
As a company, Allstate has a better financial standing. Earnings and market share don’t explain how well Allstate claims or Nationwide claims are paid out, but Allstate may be more efficient at paying claims.
If you want to learn the specifics about Allstate and Nationwide, read our Allstate Review or Nationwide Auto Insurance Review for more information. To compare Allstate vs. Nationwide car insurance based on various factors, continue reading.
Which is cheapest by driving record?
You can secure more affordable auto insurance if you maintain a clean driving record. Car insurance companies across the United States reward good drivers with cheaper rates because they’re less risky to insure.
So how do Allstate and Nationwide evaluate risk based on driving records? Take a look at Allstate vs. Nationwide auto insurance quotes based on driving record.
|Driving Record Summary||Allstate Monthly Auto Insurance Rates||Nationwide Monthly Auto Insurance Rates|
|Clean Driving Record||$318||$229|
|With 1 Speeding Violation||$374||$259|
|With 1 Accident||$416||$283|
|With 1 DUI||$522||$379|
Accidents and DUIs generate expensive car insurance rates while speeding tickets have the least impact. Overall, Nationwide auto insurance is less costly.
Which is cheapest by credit score?
Did you know car insurance companies use your credit score to determine your risk level? According to Experian, auto insurance providers correlate your credit score to the chance of filing claims.
Therefore, a good credit score means cheaper car insurance, and a poor credit score can increase your rates. Do Allstate and Nationwide follow this trend? Let’s find out.
|Credit History Summary||Allstate Monthly Auto Insurance Rates||Nationwide Monthly Auto Insurance Rates|
|Good Credit (670-739)||$322||$244|
|Fair Credit Score (580-669)||$382||$271|
|Poor Credit Score (300-579)||$541||$340|
Customers with good credit pay the least, while customers with fair and poor credit pay the most. If you have fair or poor credit, your best option would be Nationwide.
Which is cheapest by age, gender, and marital status?
One of the most significant factors to auto insurance is your age. Car insurance companies estimate rates based on age because it correlates to your driving experience.
Gender determines the risk. Statistically, male drivers take more risks than females. Marital status is about the same. How so? Married drivers are statistically less risky.
How do Allstate and Nationwide calculate auto insurance based on these factors? Let’s check out the cost of auto insurance based on age, gender, and marital status.
|Age, Gender, and Marital Status||Allstate Monthly Auto Insurance Rates||Nationwide Monthly Auto Insurance Rates|
|Married 60-year-old female||$243||$178|
|Married 60-year-old male||$249||$185|
|Married 35-year-old male||$260||$199|
|Married 35-year-old female||$263||$197|
|Single 25-year-old female||$285||$224|
|Single 25-year-old male||$298||$241|
|Single 17-year-old female||$774||$480|
|Single 17-year-old male||$887||$598|
Nationwide car insurance is still cheaper than Allstate car insurance. Married drivers pay more affordable car insurance rates, while single drivers pay more.
Any teen driver added to your policy drives up your rates, too. However, student discounts and multi-driver discounts can bring those rates down.
Which is cheapest by commute mileage?
If you reduce the miles you drive per year you can save money on your car insurance. Some auto insurance companies provide discounts to customers who drive less.
Why? Driving less lowers your chance of getting into an accident and filing a claim. The more you drive, the more your auto insurance company will charge you. But how much more will you pay? Let’s examine Allstate and Nationwide’s response to commute mileage.
|Estimated Commute Mileage||Allstate Monthly Auto Insurance Rates||Nationwide Monthly Auto Insurance Rates|
|10 Miles Commute (6,000 miles/yr)||$403||$286|
|25 Miles Commute (12,000 miles/yr)||$411||$289|
Allstate is more expensive than Nationwide, but other circumstances would decrease your overall auto insurance quote. The increase from 6,000 to 12,000 miles per year is more cost-efficient to get the highest commute mileage available.
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Allstate vs. Nationwide Auto Insurance: Which company has more coverage options?
Why are coverage options important? If you’re financing a vehicle, you may need more than just liability coverage. Lower prices can open the opportunity for you to pick up more coverage.
What coverage options are available at Allstate and Nationwide? Let’s compare them.
|Allstate Auto Insurance Coverages||Nationwide Auto Insurance Coverages|
|Collision coverage||Bodily Injury Liability|
|Comprehensive coverage||Property Damage Liability|
|Bodily Injury Liability||Medical Payments coverage|
|Property Damage Liability||Collision coverage|
|Uninsured & Underinsured Motorist Coverage||Comprehensive coverage|
|Rental Reimbursement Coverage||Uninsured & Underinsured Motorist Coverage|
|Personal Umbrella Policy||Personal Injury Protection|
|Personal Injury Protection||GAP Coverage|
|Sound System Insurance||Rental Car Expense|
|Roadside Assistance||Roadside Assistance|
|Classic Car Insurance||Accident Forgiveness|
|Travel Car Insurance to Mexico||Vanishing Deductible|
|Total Loss Deductible Waiver|
|Towing and Labor Coverage|
Nationwide has more coverage options, but Allstate has sound system insurance, classic car insurance, and travel car insurance to Mexico. These exclusive options make each company more interesting. Weigh out your options and see which company is best for you.
Allstate vs. Nationwide Auto Insurance: Who has more discounts?
Getting a quote that was higher than expected can change if you’re eligible for discounts. Car insurance discounts lower your monthly rates to a manageable price and open your budget to more insurance opportunities if you need them.
Let’s compare Allstate and Nationwide discounts to see which company has more opportunities to save.
|Auto Insurance Discounts||Allstate Availability||Nationwide Availability|
|Adaptive Cruise Control||✘||✔|
|Daytime Running Lights||✔||✔|
|Electronic Stability Control||✔||✔|
|Lane Departure Warning||✘||✔|
|Forward Collision Warning||✘||✔|
|New Customer/New Plan||✘||✘|
|Seat Belt Use||✘||✘|
|Students & Alumni||✘||✔|
Nationwide wins the discount battle by providing six more discounts than Allstate. However, it’s not likely you’ll qualify for all the bargains that a car insurance company has to offer. With enough discounts, you can lower Allstate auto insurance rates close to Nationwide’s average rate.
Bundling policies can help as well. For example, Nationwide customers can bundle Nationwide Pet Insurance with their auto insurance to save money. Although it doesn’t save you money, products like Nationwide retirement services can keep everything in one place.
Which company has the better financial strength and customer satisfaction ratings?
Before you buy auto insurance, take the time to look at a company’s financial strength and customer satisfaction ratings. What are those? Financial strength and credit ratings show how well a company manages money and how it responds to customers.
Several agencies conduct studies each year and sum up the performance of insurance companies.
The most reliable agencies for financial strength and credit ratings are AM Best, Moody’s, and S&P. For customer satisfaction, J.D. Power, Consumer Reports, and the National Association of Insurance Commissioners (NAIC).
We compiled the ratings of each agency below. Let’s examine Allstate and Nationwide’s third-party ratings.
|Agencies||Allstate Ratings||Nationwide Ratings|
|NAIC Complaint Index||0.41||1.45|
|J.D. Power - Power Circle Ratings||About Average||About Average|
|iOS App Rating||5 stars||2 stars|
|Android App Rating||4 stars||3 stars|
With A.M. Best, Allstate and Nationwide have the same score. However, Nationwide has a better Moody’s credit score. Allstate makes a comeback with an even better S&P credit score.
Allstate is the better company in terms of customer satisfaction. The NAIC Complaint Index shows a complaint ratio within a year and Allstate scores under the average.
Allstate and Nationwide have the same score under J.D. Power and Consumer Reports, but Allstate has more substantial mobile app ratings. Allstate’s app can be used to file a claim, as can Nationwide’s.
If you want to access the apps for either company, you’ll need to create a Nationwide or an Allstate insurance account. You can create a Nationwide or Allstate login online or on your smartphone.
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Allstate vs. Nationwide Auto Insurance: Pros & Cons
Let’s go over a few advantages and disadvantages of both companies.
- Nationwide Pros
- Provides cheaper rates
- More coverage options
- Nationwide Cons
- Weak customer reviews
- Lower market share and earning potential
- Allstate Pros
- Strong customer reviews
- Provides rideshare insurance
- Allstate Cons
- Higher premiums
- Fewer discount opportunities
Did we miss something? Revisit some of the sections above to double-check which company is best.
Allstate vs. Nationwide Auto Insurance: The Bottom Line
Ultimately, Nationwide is the cheaper company, but Allstate is much better with customers. However, when you compare auto insurance for yourself, your quotes could be different.
There’s a lot to think about when comparing Allstate vs. Nationwide. In the meantime, shop around. Enter your ZIP code to find quotes in your local area.