Farmers vs. Nationwide: Which Car Insurance Is Cheaper?
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UPDATED: May 25, 2021
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- Nationwide has cheaper average car insurance rates than Farmers
- Nationwide has a better financial rating than Farmers, but both have an A+ rating from the Better Business Bureau
- Farmers rated about average in customer satisfaction, and Nationwide rated at or below average in each region
When it comes to car insurance, there are so many options to choose from. How do you find the best car insurance companies and determine which one is right for you? We’re here to help.
In our Farmers vs. Nationwide car insurance guide, we compare car insurance rates by age, driving record, and credit score. Which company will provide the best and cheapest car insurance for you?
We also compare available car insurance discounts and company ratings from agencies with a credible and trustworthy view of Farmers vs. Nationwide car insurance companies.
Compare rates, discounts, financial ratings, and customer satisfaction ratings to see if either company sounds like a good fit.
Keep reading to compare affordable Farmers vs. Nationwide car insurance quotes, or enter your ZIP code to compare multiple companies in your area.
Is Farmers car insurance or Nationwide car insurance cheaper?
You might be surprised to learn how many factors car insurance companies consider when calculating your rates. Your age, gender, ZIP code, driving history, and credit score are all taken into consideration.
These factors will determine how affordable Farmers vs. Nationwide car insurance is for you. Since everyone is different, rates will vary.
First, we’ll look at Nationwide vs. Farmers insurance by demographics. We all know that younger drivers pay more, so let’s take a look at how much age influences your car insurance rates.
|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 car insurance is cheaper than Farmers no matter your age, gender, or marital status.
Another important factor that car insurance companies consider when calculating your rates is your driving record.
When you have accidents, tickets, or DUIs on your record, you’ll pay more for your insurance than if you have a clean driving record.
|Driving Record||Farmers Average Annual Rates||Nationwide Average Annual Rates|
|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 is more expensive than Nationwide whether you have a clean record, accident, speeding ticket, or DUI.
You may also be surprised to learn that your credit score has an impact on your car insurance rates.
Insurance companies believe that if you have a higher credit score, you are more likely to pay for damages out of pocket and less likely to file a claim.
|Credit History||Farmers Average Annual Rates||Nationwide Average Annual Rates|
Yet again, Nationwide is cheaper across the board.
You may live in a state, such as California, where basing car insurance on credit score is illegal. Be sure to check out our car insurance by state page before judging Farmers vs. Nationwide car insurance rates based on credit score alone.
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Does Farmers or Nationwide have better car insurance discounts?
If you add car insurance discounts to your policy, you can save a lot of money. Most companies provide discounts based on the number of cars you own, your occupation, and how safely you drive.
This table lists the Farmers and Nationwide discounts that are available. If the discount amount is known, that information is included. Take a look around and see which company offers the best deals.
|Car Insurance Discounts||Farmers (%)||Nationwide (%)|
|Adaptive Cruise Control||N/A||x|
|Daytime Running Lights||x||5|
|Electronic Stability Control||x||x|
|Forward Collision Warning||N/A||x|
|Lane Departure Warning||N/A||x|
|Students & Alumni||N/A||7|
Both companies offer a lot of discounts, and some are only offered at one company. For example, Farmers offers a continuous coverage discount and Nationwide doesn’t, but Nationwide offers a loyalty discount that Farmers doesn’t.
As you compare Farmers vs. Nationwide car insurance quotes, be sure to ask for any discounts you might be eligible for.
You may also have the option to save more by bundling with your life insurance policy or home insurance policy.
Get Farmers vs. Nationwide homeowners insurance quotes right here, along with quotes from other companies.
How do Farmers and Nationwide compare in financial strength and customer satisfaction?
A.M. Best ranks companies based on how financially stable they are. Farmers received an A rating, meaning it has an excellent ability to meet its obligations.
Nationwide scored an A+, indicating a superior ability to meet financial obligations.
Both companies also received an A+ rating from the Better Business Bureau, and both are accredited.
J.D. Power ranked Farmers and Nationwide on customer satisfaction, weighing factors like price, billing, claims, and what is offered by each company.
Farmers scored about average in most regions of the U.S., and Nationwide either scored average or below average in each region. The Nationwide insurance claims process receives very few complaints.
Both companies offer mobile apps and websites, allowing customers to review their insurance information, pay bills, and access their ID cards when needed.
You can also file car insurance claims or Farmers and Nationwide homeowners claims online.
Farmers and Nationwide also offer additional coverages, such as roadside assistance and usage-based coverage. You can even get Nationwide farm insurance.
Deciding to buy Farmers vs. Nationwide car insurance can be difficult. To determine if either is right for you, look at Farmers vs. Nationwide car insurance rates, discounts, and ratings.
You can also compare additional companies to see which one is the best fit.
Now that you’ve compared Farmers vs. Nationwide car insurance, enter your ZIP code to see quotes from multiple companies in your area.
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