Compare Nationwide vs. GEICO Auto Insurance
The relationship you have with your auto insurance company can be a long one, so you’ll want to carefully consider the choice you make. Nationwide and GEICO are two of the top car insurance providers, and while their advantages are plentiful, they’re also distinctive. This guide will arm you with the information you need to make an informed choice.
Why Compare Nationwide vs. GEICO?
When you select a car insurance company, you’re choosing more than a premium. You’re also selecting available discounts, level of customer service and a number of other features. Everyone wants to pay a low rate – and Nationwide and GEICO have found great success in part because of their competitive rates – but this rate is just one piece of the puzzle. Taking a closer look at Nationwide and GEICO, and breaking down their strengths and weaknesses, will help you make the best decision possible.
Nationwide started out with just 1,000 policyholders in 1925 when the Ohio Farm Bureau Federation incorporated the Farm Bureau Mutual Automobile Insurance Company. Since then, it has grown into a Fortune 1000 company boasting more than 30,000 employees. Beloved in its hometown of Columbus, Ohio, Nationwide worked to bring the NHL’s Blue Jackets to the city and also serves as the title sponsor for a professional golf tour. Nationwide has balanced supporting America’s farmers and evolving into a multifaceted company with a number of insurance lines and financial services products.
Advantages of Nationwide
A friend to the LGBT community, Nationwide backs up this public stance by protecting its own employees’ gender identity and sexual orientation with an equal employment opportunity policy. Understanding and respecting its eclectic customer base has fueled Nationwide’s 95% customer satisfaction rate, including nine out of 10 customers who filed a claim reporting that they would recommend Nationwide to a friend.
Nationwide also provides bottom-line perks to its customers, an effort that’s headlined by the Vanishing Deductible incentive. For every year that insured drivers maintain their “safe” status, their deductible will be reduced by $100.
Nationwide’s Top Discounts
Don’t judge Nationwide’s auto insurance rates purely by the premiums. Remember to take the many available discounts into consideration, too. Nationwide’s most popular car insurance discounts include:
- Good Student Discount – Up to 15% discount
- Family Plan Discount – Adding your family to your can save you up to 25%
- Affinity Discount – Save up to 10% (for members of business partner organizations)
- Farm Bureau Discount – Save up to 10% (for Farm Bureau members)
- Easy Pay Discount – Going paperless and paying electronically could save you some money
- Multiple Policy Discount – Up to 25% discount
- SmartRide® Discount – Telematics program that us usage-based, applying a discount for proper driving behavior
- Accident-Free Discount – Up to 10% for five years of safe driving
- Anti-Theft Discount – Installing an anti-theft device can help you get this discount
About GEICO Auto Insurance
Many know GEICO by its iconic commercial mascots. But well before GEICO dominated the airwaves with ads and claimed the No. 2 spot among U.S. car insurance companies, the company was known as Government Employees Insurance Company. When GEICO was founded by Leo and Lillian Goodwin in 1936, it primarily served government employees and military personnel. After being acquired by Warren Buffett’s Berkshire Hathaway in 1996, GEICO was grown on the wings of a $1 billion annual advertising budget.
Advantages of GEICO
GEICO’s biggest advantage is its deep pockets, which do more than pay the advertising bills. GEICO has also built a best-in-class customer service model that still offers special treatment and discounts for its very first customers: government employees and the military. GEICO’s business line has evolved to now include flood insurance, identity theft insurance, as well as many other products that can be bundled together for a discount.
GEICO’s Top Discounts
Just because GEICO spends a lot of money to promote its brand and acquire new policyholders doesn’t mean that cost is passed on to you. In fact, considering all of the auto insurance provider’s discounts, quite the opposite is true. Here are some of GEICO’s available discounts:
- Good Student Discount: Up to 15% discount with a ‘B’ average or better
- Military and Emergency Deployment Discount: Save 15 to 25% if you’re active duty, retired, a member of the National Guard or Reserves, or have experienced an emergency deployment.
- Vehicle Equipment Discount –Covered features include driver-side airbags (25% discount) and full-front seat airbags (40% discount)
- Driving History Discount: Save up to 26% for having a five-year accident-free record
Nationwide vs. GEICO: Which One Works for You?
Nationwide and GEICO have an army of employees and policyholders. They’ve grown because they offer sound policies at a fair rate. But every company has their nuances, and distinct advantages and disadvantages when compared to their competitors.
Ready to Compare Car Insurance?
By now you may have cracked the case and figured out whether Nationwide or GEICO is the right car insurance company for you. Or maybe you need to compare auto insurance quotes one last time now that you’re more informed than ever. Good luck!