Farmers vs. Nationwide Auto Insurance in 2025 (Side-by-Side Review)

Farmers vs. Nationwide auto insurance offers different strengths depending on what you need. Farmers focuses on flexible coverage with options like accident forgiveness, rideshare protection, and new car replacement.

Farmers vs. Nationwide Insurance Rating

Nationwide leans into savings with SmartRide, solid multi-policy discounts, and strong financial backing. We’ll break down coverage, discounts, and claims service to help you figure out which company fits better.

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Farmers vs. Nationwide Auto Insurance: Rates, Coverage, and Market Comparison

Farmers vs. Nationwide car insurance rates shows you 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

This trend continues across 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 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

So if your credit isn’t great, switching to Nationwide could save you over $200 each month. It’s a clear example of how much your credit score can affect your auto insurance rates. Nationwide is the more affordable option, but some drivers might be willing to pay extra for the added coverage options and perks that come with a Farmers policy.

Farmers vs. Nationwide Auto Insurance Rates: How Driving Record Affects Monthly Costs

Nationwide usually has lower rates than Farmers for most driving records, except when it comes to drivers with a DUI or DWI.

Farmers vs. Nationwide Full Coverage Auto Insurance Monthly Rates by Driving Record

In that case, Farmers is actually cheaper, charging about $275 per month compared to $338 from Nationwide. But for drivers with a clean record, Nationwide is the better deal at $164 per month, while Farmers costs $198.

The same is valid for speeding tickets and not-at-fault accidents — Nationwide rates are $51 to $52 lower in both cases. So, for people who don’t have any tickets or have only minor violations, Nationwide is probably going to save you the most.

However, if you’ve experienced a major violation, such as a DUI, Farmers could be more affordable.

Farmers vs. Nationwide Auto Insurance Discounts: Comparing Savings and Benefits

Nationwide tends to offer better discounts than Farmers in the areas that matter most to drivers. For example, safe drivers can get up to 40% off with Nationwide, while Farmers caps that discount at 30%. Paying your policy in full gets you a 15% discount with Nationwide compared to 10% with Farmers.

Farmers vs. Nationwide: Auto Insurance Discounts

Both companies match on bundling and multi-car discounts at 20%. But Nationwide pulls ahead with slightly better savings for things like new cars (12% vs. 8%) and driver training (12% vs. 11%). Farmers does offer a stronger anti-theft discount at 10% compared to Nationwide’s 5%, but Nationwide makes up for it with better low mileage and membership discounts.

If you’re a safe driver, bundle policies, or pay upfront, Nationwide will likely give you more value. But if anti-theft savings are a priority, Farmers might be worth a look. Overall, though, Nationwide comes out ahead with broader discount options.

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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

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 their 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.

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.