Farmers vs. Nationwide: Best Auto Insurance for 2024
When comparing Farmers vs. Nationwide auto insurance, Nationwide is cheaper in every category. Although the Farmers and Nationwide BBB ratings are both A+, Nationwide has a better financial rating. Farmers and Nationwide customer satisfaction ratings are similar and both below average. Compare the many Farmers and Nationwide auto insurance discounts to see which one can offer you lower rates.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: Nov 4, 2024
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You have a lot of automobile insurance options to choose from. Comparing the pros and cons of each company will help you narrow down your choices. We’ll compare Farmers vs. Nationwide auto insurance companies to see which one will best suit your needs.
When looking at the companies head to head, compare rates, discounts, and ratings to see if either is right for you.
Read on to learn more about how Farmers vs. Nationwide stack up. In the meantime, enter your ZIP code to compare auto insurance quotes from multiple companies near you for free.
- Farmers auto insurance is more expensive than Nationwide on average
- Both companies have an A+ BBB rating, but Nationwide has a higher financial rating
- Nationwide’s customer satisfaction ratings are at or below average in each region
Is Farmers auto insurance or Nationwide auto insurance cheaper?
It might surprise you to learn what factors auto insurance companies use to determine your rates. Your, age, gender, marital status, driving record, and credit history are all used to calculate how much you pay for car insurance.
These factors, among others, will determine how affordable Farmers vs. Nationwide auto insurance is for you. Every driver will have different rates.
Let’s look at Farmers vs. Nationwide auto insurance rates based on your age, gender, and marital status. Although you probably already know that younger drivers pay more, you might be surprised to learn just how much age affects your car insurance rates.
Farmers vs. Nationwide Average Annual Rates Based on Age, Gender, and Marital Status
| Age, Gender, and Marital Status | Farmers Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Single 17-year-old female | $8,666.24 | $5,431.46 |
| Single 17-year-old male | $9,202.06 | $6,815.00 |
| Single 25-year-old female | $2,672.81 | $2,431.91 |
| Single 25-year old male | $2,791.21 | $2,739.66 |
| Married 35-year-old female | $2,316.82 | $2,202.69 |
| Married 35-year-old male | $2,306.44 | $2,214.18 |
| Married 60-year-old female | $2,117.42 | $1,987.35 |
| Married 60-year-old male | $2,179.61 | $2,005.06 |
Nationwide insurance is cheaper for drivers no matter the age, gender, or marital status.
One of the most important factors that are used to determine your auto insurance rates is your driving record. Drivers with accidents, tickets, and DUIs will pay considerably more than drivers with clean driving records.
Farmers vs. Nationwide Average Annual Rates Based on Driving Record
| Driving Record | Farmers Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Clean record | $3,460.60 | $2,746.18 |
| With 1 accident | $4,518.73 | $3,396.95 |
| With 1 DUI | $4,718.75 | $4,543.20 |
| With 1 speeding violation | $4,079.01 | $3,113.68 |
Farmers insurance is more expensive regardless of your driving record.
Most states allow auto insurance companies to also look at your credit score when calculating your rates. Insurance companies believe that you are less likely to file a claim and more willing to pay out of pocket for damages if you have a higher score.
Farmers vs. Nationwide Average Annual Rates Based on Credit History
| Credit History | Farmers Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Good | $3,677.12 | $2,925.94 |
| Fair | $3,899.41 | $3,254.83 |
| Poor | $4,864.14 | $4,083.29 |
Once again, Nationwide auto insurance is cheaper no matter your credit score.
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Does Farmers or Nationwide have better car insurance discounts?
Car insurance discounts can save you a lot of money by lowering your rates. Common discounts, such as multi-car and good driver, are offered by most auto insurance companies.
This table shows you the Farmers and Nationwide discounts that are available and the discount amount if it’s available. Scroll through to see which company can offer you the most discounts.
Farmers vs. Nationwide Auto Insurance Discounts
| Auto Insurance Discounts | Farmers (%) | Nationwide (%) |
|---|---|---|
| Adaptive Cruise Control | N/A | x |
| Adaptive Headlights | x | x |
| Anti-lock Brakes | x | 5 |
| Anti-Theft | x | 25 |
| Claim Free | x | 10 |
| Continuous Coverage | x | N/A |
| Daytime Running Lights | x | 5 |
| Defensive Driver | x | 5 |
| Distant Student | x | 10 |
| Driver's Ed | x | N/A |
| Driving Device/App | N/A | 40 |
| Early Signing | x | 8 |
| Electronic Stability Control | x | x |
| Family Plan | x | 25 |
| Farm Vehicle | x | N/A |
| Federal Employee | x | N/A |
| Forward Collision Warning | N/A | x |
| Full Payment | x | N/A |
| Further Education | N/A | 15 |
| Garaging/Storing | x | N/A |
| Good Credit | N/A | x |
| Good Student | x | 10 |
| Green Vehicle | 5 | N/A |
| Homeowner | x | 5 |
| Lane Departure Warning | N/A | x |
| Life Insurance | N/A | x |
| Low Mileage | x | x |
| Loyalty | N/A | 5 |
| Married | N/A | x |
| Membership/Group | N/A | 7 |
| Military | x | N/A |
| Multiple Policies | x | 10 |
| Multiple Vehicles | x | 20 |
| Newer Vehicle | x | x |
| Occupation | x | 15 |
| Paperless Documents | x | 5 |
| Paperless/Auto Billing | x | $30 |
| Passive Restraint | x | 20 |
| Safe Driver | x | 35 |
| Senior Driver | x | N/A |
| Stable Residence | N/A | x |
| Students & Alumni | N/A | 7 |
| Switching Provider | x | N/A |
| Utility Vehicle | x | N/A |
| Vehicle Recovery | x | 25 |
| VIN Etching | x | x |
Each company offers lots of discounts, but some discounts are only available at one company. For example, Farmers offers a continuous coverage discount, but Nationwide does not. On the other hand, Nationwide offers a loyalty discount, and Farmers doesn’t.
When you compare Farmers vs. Nationwide auto insurance quotes, keep in mind any discounts you might be able to receive.
How do Farmers and Nationwide compare for financial strength and customer satisfaction?
Insurance companies are ranked on financial stability by A.M. Best. Farmers received an A rating, meaning they have an excellent ability to meet their obligations. Nationwide scored an A+ showing they have a superior ability to meet financial obligations.
Both companies are accredited by the Better Business Bureau (BBB) and received an A+ rating.
Farmers and Nationwide were ranked by J.D. Power to determine customer satisfaction based on rates, billing, claims, and products available. Farmers scored about average in most U.S. regions, while Nationwide score at or below average in each region.
Both companies offer easy-to-use websites and mobile apps that allow customers to access their auto insurance information.
Each company offers additional coverages, such as roadside assistance. You can also compare Farmers vs. Nationwide homeowners insurance, renters insurance, and other services.
To learn more about each company, read our Farmers auto insurance review and our Nationwide auto insurance review.
Deciding to buy Farmers vs. Nationwide auto insurance can be a difficult decision. To determine if either is right for you, look at rates, discounts, and ratings. You can also compare additional companies to see which one is the best fit. However, if you find that Nationwide is your best fit, read more about how you can cancel your auto insurance policy with Farmers.
Enter your ZIP code to compare quotes from several companies near you now that you’ve learned more about Farmers vs. Nationwide auto insurance.