Main Street America vs. Nationwide: Which Company is the Best Fit for You?

Wondering if Main Street America or Nationwide is the best car insurance company for you, your vehicle, and your wallet? We've broken down all the prices and discounts for both companies to help you make a more informed decision. Read on to learn more.
Newly insured car driving down the road
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Quick Facts

  • In general, Nationwide offers significantly cheaper rates than Main Street America
  • Nationwide has less expensive premiums for couples purchasing auto insurance together
  • Nationwide offers more affordable prices for people who are single and purchasing insurance by yourself


Main Street America vs. Nationwide: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. With so many ads from all sorts of companies offering considerable discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Main Street America or Nationwide for your next policy, but between the two, which company will offer you more affordable rates?

Main Street America Nationwide
$227$170

As you can see, Main Street America is quite a bit more expensive than Nationwide, with premiums averaging $227 per month compared to just $170 with Nationwide when looking at the national average rates for car insurance.

But that doesn't mean Nationwide will necessarily be cheaper than Main Street America for every single driver. Insurance companies vary their rates depending on things like how clean your driving record is, how good your credit score is, where you live, how old you are, and all sorts of other factors. So, at the end of the day, prices from each carrier will differ quite a bit from person to person.

So, if you want to find out which of Main Street America or Nationwide is really the best for you, keep reading to see average premiums for each company broken down by a variety of different rate factors.

Main Street America or Nationwide: Average Car Insurance Rates by State

State Main Street America Nationwide
RI$241$241
SC$177$142
VA$222$122
VT$150$113

Main Street America and Nationwide compete against each other in four states, with undefined offering less expensive rates to the average driver in all of them. Virginia has the most noticable difference, where Nationwide prices are over 70% more affordable than auto insurance premiums at Main Street America.

But there's more to insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how car insurance carriers calculate your prices. Read on to learn more.


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Which is the Best Company For Young Drivers?

Main Street America Nationwide
18-year-old drivers$477$380
25-year-old drivers$219$148

Young drivers -- especially teens -- usually pay a lot for auto insurance compared to older drivers. That's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. As you can see above, teens who use Nationwide save more than $95 a month compared to those who use Main Street America.

That being said, both companies will drop rates once you turn 25. Nationwide offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Main Street America's average prices lower nearly 55% during that same period.

Which is the Best Company for Retired Drivers?

Main Street America Nationwide
65+-year-old drivers$181$125

Once you approach retirement age, you'll typically enjoy the most affordable insurance rates you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for car insurance.

But who has the best rates for retired drivers between Main Street America and Nationwide? Nationwide gets the edge, with premiums for drivers 65 and older over 30% less expensive than the national average for Main Street America.

Which is the Best Company for Married Drivers?

Main Street America Nationwide
Single$265$201
Married$177$129

You may not be aware, but auto insurance prices tend to be more expensive for single drivers than they are for married policyholders. That's because policies for married drivers normally cover several cars, which quite a few carriers will offer you a discount for.

When it comes to relationship status, Nationwide is the clear winner for single policyholders, with rates about $64 per month more affordable than Main Street America, on average. For married couples, the advantage is clear again - Nationwide has the edge when it comes to average prices.

Main Street America vs. Nationwide: Average Rates by Gender

Main Street America Nationwide
Male$224$176
Female$230$164

Because men are more likely to get into accidents and get tickets, they raise the chances of filing a claim with insurance. Therefore, men tend to pay more for insurance than women.

Surprisingly, women generally pay around $6 a month more than men with Main Street America, and about $12 less with Nationwide.

Looking at overall affordability, Nationwide comes out as the cheapest option for both genders. On average, women save about $66 per month and men save around $48 with Nationwide compared to the average Main Street America policyholder.


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Main Street America or Nationwide: Compare State Minimum vs. Full Coverage Rates

Main Street America Nationwide
State Minimum*$159$112
Full Coverage**$295$229

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

It's no secret that car insurance can be pretty complicated. Everyone needs auto insurance, but there are so many different terms and coverages that it can be hard to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (that covers property damage and bodily injury for other drivers and their passengers if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to liability).

If you're looking for state minimum liability limits, Nationwide typically offers significantly cheaper premiums of $112 compared to Main Street America's $159. When it comes to full coverage policies with similar limits, Nationwide again has the edge, with policies about $65 a month less expensive than Main Street America, on average.

Is Main Street America or Nationwide Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with tickets and accidents on your record, but which of these two companies offers the lowest prices to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Main Street America Nationwide
Clean Record$175$125
1 Speeding Ticket$236$149

Main Street America policyholders can expect their rates to go up an average of $61 per month if they get a ticket, while Nationwide generally raises premiums around $24 a month, on average.

Even so, Nationwide is usually the cheaper option for both drivers who have clean records and those with a recent speeding ticket. Drivers with a clean record can save about $50 per month and drivers with a ticket can save around $87 a month with Nationwide.

Which Company is Best for Drivers After an Accident?

Main Street America Nationwide
Clean Record$175$125
1 At-Fault Accident$215$178

Both carriers will increase prices pretty significantly if you get into an at-fault accident with Nationwide increasing by just under $55. Main Street America has a less extreme climb, but you can still expect to pay $40 more than you were prior to your first collision.

Overall, Nationwide offers the cheapest rates for drivers with an at-fault accident on their records, with monthly premiums averaging $178 compared to Main Street America Insurance's $215.

Which Company is Best for Drivers with a DUI?

Main Street America Nationwide
Clean Record$175$125
1 DUI$283$230

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even a collision. On average, Main Street America will climb your prices about 38% after a DUI, while Nationwide's average rates increase by over 45%.


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How does Credit Score Impact Main Street America and Nationwide Rates?

Did you know that many car insurance companies take into account your credit score when calculating premiums? Certain states and carriers do not allow for credit score to be used as a rating factor, but it will come into play for many drivers.

Auto insurance companies argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with more affordable prices.

Looking at Main Street America and Nationwide specifically, which carrier has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Main Street America Nationwide
Excellent Credit Score$109$133
Good Credit Score$137$153

Which Company is Best for Drivers with Bad Credit?

Main Street America Nationwide
Fair Credit Score$179$179
Poor Credit Score$484$215

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Is Main Street America or Nationwide Better for Drivers who Work from Home or Have Short Commutes?

Main Street America Nationwide
6,000 Annual Miles$225$170
12,000 Annual Miles$229$171

How much you drive can have a large impact on your monthly premiums. That's because the fewer miles you drive, the less likely you are to get into an accident and cause an insurance claim.

For both drivers who put 6,000 miles on their vehicles yearly, as well as those who average twice that figure, Nationwide offers cheaper rates than Main Street America. Nationwide's average prices for drivers with 6,000 annual miles come in around $55 more affordable than Main Street America. Those who drive 12,000 miles annually can expect to pay about $58 less with Nationwide over Main Street America.

Main Street America vs. Nationwide: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for car insurance, but the type of area you live in can have a pretty big impact as well. Normally, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers because of the number of cars that are on the roads in those areas.

Main Street America Nationwide
Urban Areas$264$199
Suburban Areas$230$159
Rural Areas$188$151

Nationwide tends to offer the most affordable premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the lowest rates from both carriers, but Nationwide comes out on top with average prices around $151 per month. Nationwide also has less expensive average premiums for drivers in urban and suburban ZIP codes -- a $65 and $71 per month respective difference when compared to Main Street America policyholders in similar areas.

Main Street America vs. Nationwide Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many insurance discounts as you can.

But with what seems like a million different discounts out there, it can be challenging to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you can take advantage of.

In the section below, we've compared all of the different discounts offered by Main Street America and Nationwide so that you can see which company offers the most discounts and see which ones you might be able to take advantage of.

Main Street America Nationwide
ABS Discount 
Advance Quote Discount 
Agency Transfer Discount 
Anti-Theft Discount
Defensive Driver Discount
Distant Student Discount
Driver Training Discount
DRL Discount 
EFT Discount
Employee Discount 
Good Driving Discount
Good Payer Discount 
Good Student Discount
Group Discount 
Homeowner Discount 
Intra-Agency Transfer Discount 
Life Policy Discount 
Mature Driver Discount 
Multi-Car Discount 
Multi-Policy Discount

Looking at the total number of discounts, Nationwide has the advantage when it comes to total number of discounts. Main Street America offers a grand total of 18 discounts, while Nationwide has 22.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for getting driver training, EFT discounts, and multi-policy discounts. Nationwide also offers advance quote discounts, agency transfer discounts, employee discounts, and more that Main Street America does not.

On the flip side, Main Street America has a couple unique discounts of its own -- ABS discounts, DRL discounts, good payer discounts, and more.


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Final Thoughts: Is Main Street America or Nationwide Best for You?

So, you've seen how different factors can affect your auto insurance prices. We've broken down the different discounts each company offers, too. That's all well and good, but when it comes down to it, which insurance carrier is the best fit for you?

Nationwide might be best for you if....

  • You want to save money on your car insurance after a collision.
  • You live in an suburban area.
  • You are purchasing your insurance with a spouse.


Main Street America might be best for you if...

  • You already have a great credit score.

We hope this guide has ben a valuable resource as you compare Main Street America and Nationwide. We also hope we've given you the information you need to make the best decision about your auto insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on insurance -- comparing quotes from a handful of companies, not just Main Street America and Nationwide. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top auto insurance carriers in your area, all in just a few minutes.


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Main Street America vs. Nationwide FAQs

Is Main Street America or Nationwide cheaper?

Looking just at the national average premiums, Nationwide is the cheaper of the two companies, offering average rates of $170 a month compared to $227 for Main Street America. However, Nationwide won't necessarily be the cheapest company for every policyholder, since there are lots of different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Main Street America or Nationwide?

Sadly, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on what your unique car insurance profile looks like. For example, Nationwide offers less expensive rates for drivers with a recent DUI, while Main Street America is more affordable for drivers with excellent credit.

Why do Main Street America and Nationwide offer me different rates?

Insurance carriers take a look at several different factors when determining the prices they charge drivers. Things like gender, age, where you park your vehicle, your driving record, and sometimes even things like your credit score can all come into play. Both Main Street America and Nationwide calculate rates using different formulas, so each one will most likely offer different premiums. The only real way to see which company is the most affordable for you is by comparing personalized quotes from multiple different companies.

How do I know if Main Street America or Nationwide is right for me?

The only way to find the car insurance carrier that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your area information and you'll get free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the lowest rate. And who knows, the best company for you might not be Main Street America or Nationwide at all!


Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.

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