Farmers vs. Nationwide Auto Insurance in 2025 (Side-by-Side Review)
Farmers vs. Nationwide auto insurance compares with rates at $76 and $63. Nationwide offers SmartRide for safe driving discounts and strong financial ratings. Farmers provide accident forgiveness and new car replacements. Compare costs, coverage, and deals to find the best option for your driving needs.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
UPDATED: Mar 5, 2025
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2,903 reviewsCompany Facts
Min. Coverage
A.M. Best Rating
Complaint Level
Pros & Cons
2,903 reviews
3,019 reviewsCompany Facts
Min. Coverage
A.M. Best Rating
Complaint Level
Pros & Cons
3,019 reviewsFarmers vs. Nationwide auto insurance offers distinct coverage options, discounts, and policy benefits tailored to different drivers.
Farmers provide customizable policies with accident forgiveness, rideshare coverage, and unique perks like new car replacements.
Farmers vs. Nationwide Insurance Rating
| Rating Criteria |  |  |
|---|---|---|
| Overall Score | 4.2 | 4.4 |
| Business Reviews | 4.0 | 4.5 |
| Claim Processing | 3.3 | 3.5 |
| Company Reputation | 4.5 | 4.5 |
| Coverage Availability | 5.0 | 5.0 |
| Coverage Value | 4.1 | 4.3 |
| Customer Satisfaction | 2.0 | 2.0 |
| Digital Experience | 4.5 | 4.5 |
| Discounts Available | 5.0 | 5.0 |
| Insurance Cost | 4.3 | 4.5 |
| Plan Personalization | 4.5 | 4.5 |
| Policy Options | 5.0 | 4.7 |
| Savings Potential | 4.5 | 4.7 |
| Farmers Review | Nationwide Review |
Nationwide stands out with strong financial ratings, usage-based programs like SmartRide, and multi-policy discounts. Comparing their coverage, claims process, and customer satisfaction helps determine which insurer best fits your needs.
Enter your ZIP code into our free quote tool to find the best auto insurance providers for your needs and budget.
- Farmers offer accident forgiveness and rideshare coverage at $76/month
- Nationwide provides SmartRide discounts & lower rates starting at $63/month
- Farmers include OEM parts coverage, while Nationwide excels in bundling
Farmers vs. Nationwide Auto Insurance: Rates, Coverage, and Market Comparison
Farmers vs. Nationwide car insurance rates show a clear cost difference, with Nationwide providing much lower premiums in every age group. A 16-year-old girl pays $1,156 with Farmers for the same policy but $586 with Nationwide.
Farmers vs. Nationwide Full Coverage Auto Insurance Monthly Rates by Age & Gender
| Age & Gender | | |
|---|---|---|
| Age: 16 Female | $1,156 | $586 |
| Age: 16 Male | $1,103 | $680 |
| Age: 30 Female | $228 | $177 |
| Age: 30 Male | $239 | $194 |
| Age: 45 Female | $199 | $161 |
| Age: 45 Male | $198 | $164 |
| Age: 60 Female | $171 | $141 |
| Age: 60 Male | $183 | $149 |
This trend continues across demographics, with Farmers consistently charging higher rates. Despite this, Farmers holds a larger market share at 4.2%, while Nationwide trails at 1.7%.
Nationwide’s lower premiums make it a more budget-friendly choice for drivers looking to save on full coverage auto insurance, while Farmers’ higher rates may be due to broader coverage options or additional policy benefits.
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Farmers vs. Nationwide Auto Insurance Discounts: Comparing Savings and Benefits
Nationwide offers better auto insurance discounts than Farmers in key areas, making it a more cost-effective option for many drivers. Nationwide provides a 40% good driver discount, compared to 30% from Farmers. The pay-in-full discount is also higher with Nationwide at 15% versus 10% from Farmers. Farmers and Nationwide match on bundling and multi-car discounts, both offering 20%.
Farmers vs. Nationwide : Auto Insurance Discounts
| Discount Type | | |
|---|---|---|
| Good Driver | 30% | 40% |
| Bundling | 20% | 20% |
| Good Student | 15% | 15% |
| Pay-in-Full | 10% | 15% |
| Multi-Car | 20% | 20% |
| New Car | 8% | 12% |
| Anti-Theft | 10% | 5% |
| Low Mileage | 10% | 20% |
| Membership | 10% | 15% |
| Driver Training | 11% | 12% |
However, Nationwide offers a higher discount for new cars, 12% vs. 8%, and driver training, 12% vs. 11%. Farmers provide a better anti-theft discount, 10% vs. 5%, but Nationwide offsets that with higher membership 15% vs. 10% and low mileage discounts 20% vs. 10%.
To choose the right coverage, assess your state's minimum requirements, your vehicle’s value, and your risk tolerance—full coverage is ideal for newer cars, while liability may suffice for older vehicles; for claims, document damages immediately, contact your insurer, and provide all necessary details to expedite the process.Justin Wright Licensed Insurance Agent
Drivers looking for the most significant savings—exceptionally safe drivers, those who bundle policies, or those who pay upfront—will likely find Nationwide’s discounts more valuable. Farmers may work better for those prioritizing anti-theft savings, but overall, Nationwide provides broader discount opportunities.
Farmers vs. Nationwide Auto Insurance Rates: Credit Score Impact on Monthly Costs
Farmers car insurance is substantially more expensive than Nationwide for drivers with all credit scores. The disparity is pronounced for those with bad credit, with Farmers billing $399 a month, over twice what Nationwide charges, $188. And Farmers’ rate of $199 is still $70 higher than that of Nationwide’s $129, even with good credit.
Farmers vs. Nationwide : Full Coverage Auto Insurance Monthly Rates by Credit Score
| Credit Score | | |
|---|---|---|
| Good | $199 | $129 |
| Fair | $243 | $149 |
| Poor | $399 | $188 |
With rates consistently lower than the competitors, drivers with poor or fair credit can save upwards of $200 per month by choosing Nationwide over Farmers.
This pricing difference highlights how credit scores affect auto insurance rates, with lower scores leading to higher premiums. Nationwide is more budget-friendly, while Farmers may justify its higher costs with additional coverage options or policy perks.
Farmers vs. Nationwide Auto Insurance Rates: How Driving Record Affects Monthly Costs
Nationwide offers lower rates than Farmers for most driving records, except for drivers with a DUI/DWI, where Nationwide charges $338 per month compared to $275 from Farmers.
Farmers vs. Nationwide Full Coverage Auto Insurance Monthly Rates by Driving Record
| Driving Record | | |
|---|---|---|
| Clean Record | $198 | $164 |
| Not-At-Fault Accident | $282 | $230 |
| Speeding Ticket | $247 | $196 |
| DUI/DWI | $275 | $338 |
This makes Farmers the more affordable option for high-risk drivers with serious violations. For drivers with a clean record, Nationwide costs $164 per month, $34 less than Farmers at $198.
The same trend holds for not-at-fault accidents and speeding tickets—Nationwide’s rates are $52 and $51 lower, respectively.
Nationwide is the better choice for most drivers, especially those with minor violations or clean records. Farmers may be the better option for drivers with a DUI/DWI, but overall, Nationwide offers more competitive pricing.
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Farmers vs. Nationwide Auto Insurance: Consumer Ratings and Complaint Trends
Nationwide outperforms Farmers in most consumer satisfaction and complaint metrics. J.D. Power scores Nationwide at 728/1,000, indicating above-average customer satisfaction, while Farmers scores lower at 706/1,000. Nationwide also holds an A+ rating with the Better Business Bureau (BBB) for excellent business practices, compared to Farmers A rating.
Insurance Business Ratings & Consumer Reviews: Farmers vs. Nationwide
| Agency | | |
|---|---|---|
 | Score: 706 / 1,000 Lower-Than-Average Satisafaction | Score: 728 / 1,000 Above Avg. Satisfaction |
 | Score: A Good Business Practices | Score: A+ Excellent Business Practices |
 | Score: 82/100 High Customer Satisfaction | Score: 75/100 Positive Customer Feedback |
 | Score: 1.70 More Complaints Than Avg. | Score: 0.78 Fewer Complaints Than Avg. |
 | Score: A Excellent Financial Strength | Score: A+ Excellent Financial Strength |
When it comes to complaints, Farmers has a higher complaint index of 1.70, meaning more complaints than the industry average, while Nationwide’s 0.78 score indicates fewer complaints than average.
Nationwide’s A+ financial strength rating from A.M. Best also surpasses Farmers’ A rating, making it the more potent option in terms of reliability and claims payment ability.
Farmers score higher in Consumer Reports satisfaction with 82/100 compared to Nationwide’s 75/100. However, Nationwide offers a better overall customer experience with more substantial financial backing and fewer complaints. When comparing the best auto insurance companies, Nationwide stands out for its lower complaint index and reliability in handling claims.
Pros and Cons of Farmers Auto Insurance
Farmers auto insurance provides strong coverage options, including accident forgiveness, rideshare insurance, and new car replacement. But because of its higher rates and less competitive discounts, it might not suit every budget. Here’s a look at the pros and cons to help you determine if Farmers is for you.
Pros
- New Car Replacement Coverage: If your car is totaled within the first two model years and 24,000 miles, Farmers will replace it with a new one of the same make and model instead of paying out the depreciated value.
- Accident Forgiveness: Farmers offers accident forgiveness, meaning your rates won’t go up after your first at-fault accident if you qualify.
- Rideshare Insurance: Farmers provides coverage for Uber and Lyft drivers, filling gaps between personal and commercial policies so drivers aren’t left exposed while waiting for ride requests.
Cons
- Higher Rates for Most Drivers: Farmers premiums are consistently more expensive than Nationwide’s, especially for younger drivers, those with clean records, and people with lower credit scores.
- Limited Availability of Discounts: While Farmers offers some discounts, they tend to be lower than Nationwide’s. For example, Farmers’ Good Driver discount caps at 30%, while Nationwide offers up to 40%.
Farmers stand out with unique perks like new car replacement and accident forgiveness, but its higher rates and smaller discounts might be dealbreakers for some. It might be worth it if you value coverage over cost, but getting quotes from other providers may turn up a better deal.
Farmers have many long-time customers, including those who have reviewed the insurance on Yelp, who specifically compliment the service they received and customers who got help from agents who provide personalized assistance and service.
Pros and Cons of Nationwide Auto Insurance
Nationwide auto insurance Provides competitive rates, good discounts, and excellent financial stability, making it an appealing option for many drivers. Safe drivers can save even more with programs such as SmartRide and SmartMiles. Let’s parse through the key pros and cons to help you decide.
Pros
- Lower Rates for Most Drivers: Nationwide consistently offers lower premiums than many competitors, especially for drivers with good credit or clean records. Their full coverage rates are often cheaper than those of Farmers across different age groups.
- Strong Discount Programs: Nationwide provides a 40% discount for safe drivers through its SmartRide program, a 20% low-mileage discount, and better savings for paying in full compared to Farmers. These can significantly cut monthly costs.
- Better Complaint Ratings: With a lower complaint index than Farmers and an A+ BBB rating, Nationwide handles claims more smoothly and has fewer reported customer service issues.
Cons
- Higher Rates for High-Risk Drivers: While Nationwide is cheaper for most drivers, those with a DUI may pay more than they would with Farmers, making it a less competitive option for high-risk policies.
- Limited Availability for Some Programs: Nationwide’s usage-based programs, like SmartRide and SmartMiles, aren’t available in every state, which could limit potential savings depending on where you live.
Nationwide stands out for its affordable rates, especially for safe drivers, and its strong financial reputation. However, high-risk drivers may find better deals elsewhere, and some of its best discounts aren’t available in every state.
A Yelp reviewer appreciates Nationwide’s helpful service and ability to shop around for the best rates, making it a reliable choice for many policyholders. Before making a decision, compare quotes to see if Nationwide meets your needs.
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Farmers vs. Nationwide Auto Insurance: Rates, Discounts & Coverage Compared
Nationwide offers lower rates across most categories, more substantial discount opportunities, and higher customer satisfaction ratings, making it the better choice for budget-conscious drivers. Its SmartRide program provides up to a 40% discount for safe driving, and it consistently beats Farmers on pricing for drivers with poor credit or clean records.
After switching to Nationwide and enrolling in SmartRide, I saved 30% on my premium just by maintaining safe driving habits—usage-based programs like this can be a great way to lower costs if you drive responsibly, so always check for discounts tied to your driving behavior.Tonya Sisler Insurance Content Team Lead
Farmers offer accident forgiveness, new car replacements, and a more competitive rate for drivers with a DUI. While both companies have strong financial ratings, Nationwide’s lower complaint index and better pricing structure make it the more appealing option for most drivers.
You can find affordable auto insurance, no matter your driving record, by entering your ZIP code into our free quote comparison tool.
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Frequently Asked Questions
Which car insurance company is better: Farmers or Nationwide?
Nationwide generally offers lower rates and better discounts than Farmers. Nationwide’s SmartRide program rewards safe driving with up to 40% off, while Farmers’ Signal program offers a smaller discount. Farmers provide new car replacements and accident forgiveness, but their policies tend to be more expensive. The better choice depends on coverage needs and budget.
Is Nationwide good at paying claims?
Yes, Nationwide Insurance Company of America holds an A+ rating from A.M. Best for financial strength. It also has a lower complaint index than Farmers, meaning fewer reported issues with claims handling. Policyholders report fast payouts and fair settlements, making it a reliable choice for claim processing.
Who is Farmers Insurance’s biggest competitor?
Farmers Property and Casualty Insurance Company competes with major providers like Nationwide, Geico, and American Family. While all offer similar coverage options and discounts, Nationwide stands out for its SmartRide program and lower average rates, while Geico is known for its competitive pricing and strong digital tools.
What insurance company is most reliable?
Reliability depends on financial strength, claims satisfaction, and customer service. Nationwide and Amica consistently rank high for customer satisfaction. Geico and American Family also have strong financial ratings, making them reliable choices. Farmers have higher premiums but offer unique perks like rideshare coverage and accident forgiveness.
Farmers Insurance vs. Nationwide: Which has lower rates?
Nationwide typically has cheaper rates. For example, a 16-year-old female pays $586 per month with Nationwide but $1,156 with Farmers. Nationwide’s rates are also lower for good drivers, those with poor credit, and drivers with minor violations.
Farmers vs. American Family: Which offers better discounts?
American Family offers better bundling discounts than Farmers, making it a better choice for homeowners. However, Farmers has a superior rideshare auto insurance option and more comprehensive add-ons. American Family’s KnowYourDrive program is similar to Farmers’ Signal but offers slightly higher discounts.
Nationwide and Farm Insurance Login: How do I access my policy?
You can log into Nationwide Property & Casualty Companies’ online portal or mobile app to manage your policy, make payments, and file claims. Farmers Group Property and Casualty Insurance Company offers a similar digital experience but lacks some of Nationwide’s automated tools and real-time tracking features.
Farmers vs. Amica: Which has better customer satisfaction?
Amica has higher customer satisfaction ratings than Farmers. Amica consistently scores well in J.D. Power rankings and has fewer complaints. Farmers, however, provide more policy options like rideshare coverage and new car replacement.
Geico vs. Nationwide: Which is cheaper?
Geico typically has lower base rates, but Nationwide provides more opportunities for discounts, especially for safe drivers and policy bundling. Among the cheapest auto insurance companies, Nationwide stands out with its vanishing deductible feature, which helps lower out-of-pocket expenses over time.
Nationwide On Your Side: What does it mean?
Nationwide Mutual Insurance Company’s “On Your Side” promise reflects its customer-first approach, providing annual policy reviews, vanishing deductibles, and a streamlined claims process. This program helps policyholders adjust coverage as their needs change while maximizing potential savings.
Nationwide Insurance Similar Companies: Who are its main competitors?
Geico, Farmers, State Farm, and Progressive are Nationwide’s closest competitors. Each offers comparable discounts and coverage options, but Nationwide stands out for its SmartRide and SmartMiles programs.
Nationwide Vanishing Deductible: How does it work?
Nationwide’s vanishing deductible reduces your collision deductible by $100 for each year you drive without an accident, up to $500 total. This feature helps drivers save money on claims over time.
Which company has better bundling options: Farmers or Nationwide?
Both companies offer multi-policy discounts, but Nationwide’s bundling discount can reach up to 20%, while Farmers caps at 17%. Nationwide also allows bundling with life and renters insurance, offering more savings.
Find the best auto insurance rates no matter how much coverage you need by entering your ZIP code into our comparison tool today.
Are Farmers or Nationwide better for drivers with poor credit?
Nationwide is significantly cheaper for drivers with poor credit. A driver with a low credit score pays $188 per month with Nationwide compared to $399 with Farmers. If credit is a concern, Nationwide is the better choice.
Nationwide vs. Geico: Which is better for high-risk drivers?
Geico typically offers lower rates for high-risk auto insurance, whereas Nationwide offers broader policy choices. Drivers with a DUI pay around $338 per month Nationwide, while Farmers charge a little less, at $275. Geico’s rates vary depending on a driver’s history.
