Nationwide vs Allstate: Difference and Comparison

Nationwide and Allstate are car insurers in the U.S. Nationwide is the 10th largest insurer in the U.S. and has been selling its policies since 1926.

Allstate is the 5th largest insurer in the U.S. which has been writing auto insurance policies since 1931. They have millions of customers following them and availing of their services.

Key Takeaways

  1. Nationwide is known for its strong customer service and personalized policies, while Allstate is known for its extensive network of agents and customizable coverage options.
  2. Nationwide offers accident forgiveness as a standard feature in its policies, while Allstate offers it as an optional add-on.
  3. Nationwide is more expensive than Allstate, but it offers additional benefits like gap insurance, while Allstate has more affordable policies but may charge extra for certain coverage options.

Nationwide vs Allstate

The difference between Nationwide and Allstate is that they differ in their discount rates, online app usage and experience, rate by driving records, age, and credit score of their policies and premium rates. Nationwide charges lower premiums depending on the age group, whereas Allstate charges higher premiums.

Nationwide vs Allstate

Nationwide was founded in 1925 by Murray D. Lincoln as Farm Bureau Mutual Automobile Insurance Company which was later changed to Nationwide due to its expansion all over the Globe in 1955.

It was expanded to 20 new states, which was why its name changed.

Allstate has over 113 million customers across the world and has more than twelve thousand agents in the U.S. It was founded in 1931 by Roebuck and General Robert E. Wood.

The name was due to the tire sold in a Sears catalogue which was the reason behind the name Allstate Insurance Company.

Comparison Table

Parameters of ComparisonNationwideAllstate
OriginNationwide was found in 1925 by Murray D.Lincoln in the U.S, which was later spread to 20 states in the U.S. Allstate was found in1931 by Roebuck and General Robert E.Wood in the U.S.
Mobile experienceNationwide has 4.4 stars in Appstore and 4.0 stars in Google play. Allstate has 4.8 stars in Appstore and 3.1 stars in Google play.
Rates by ageLower premiums are generated Nationwide depending on the age factor.Higher premiums are generated in Allstate.
Driving records rateNationwide shows less increase in the driving rates.Allstate shows a steady increase in the average driving rate.
DiscountsNationwide has around 9 available discounts, which depend on their full pay, anti-lock brakes, or theft devices. Allstate has 11 available discounts, which depend on a smart ride, bundling, and accident-free ride.

What is Nationwide?

Nationwide was introduced in 1925 and got its name in 1955 across 20 states in the U.S. Nationwide has excellent financial strength and an average JD power rating.

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Nationwide provides huge savings power for safe-driving people with deductible vanishing.

Nationwide offers excellent discounts when auto, home, and life policies are dealt with them together. They offer and create auto repair networks that also guarantee the workmanship of their repairs and policies.

They provide lots of offers and discounts along with introducing new insurance products as well.

Nationwide has updated its insurance products that include annuities, boat, car, business, commercial, condo, farm, homeowners, landlords, life insurance, motorcycle, RV, pet, and renter insurance, along with mortgages, roadside assistance coverage, long-term savings plan, and mutual funds.

Nationwide also provides discounts that include accident-free, advance quota, anti-theft, defensive driving, farm bureau, good student, nationwide family plan, new vehicle, paperless documents, smart ride, multi-policy, easy pay, affinity car insurance, and passive occupant restraint discounts as well.

What is Allstate?

Allstate was founded in 1931 with excellent financial strength and an average JD power ranking. Allstate provides a mobile app for maintaining its account virtually, and it is user-friendly.

They are the fifth largest insurance company in the U.S. and provide insurance in all the states.

Allstate offers customizable insurance packages that have huge discounts and products as well. Allstate has more than 12000 agents across the state, which makes it easier to access and avail the services.

They provide mobile apps for both ios and Android users.

Allstate does not provide farm insurance and pet insurance while providing other insurance that includes annuities, house, business, commercial, mortgages, long-term life plans, landlord insurance, life insurance, mutual funds, motorcycle insurance, renters, RV, and roadside assistance coverage as in the case of Nationwide.

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Allstate provides discounts that include Allstate e-smart discount, anti-lock brake, anti-theft device, deductible rewards, early signing discounts, EZ pay plans, full pay, multiple policies, new car discounts, responsible payer, safe driver bonus, and smart student discounts.

Main Differences Between Nationwide and Allstate

  1. Nationwide was founded and introduced in 1925, whereas Allstate was introduced in 1931. Nationwide was introduced in 20 states in the U.S., during which its name has been changed from its former name.
  2. Nationwide has less market share, around 2.7%, which is much higher for Allstate insurance company, which is 4.9%. While the market share changes and are not constant, the last updated share has been less for Nationwide and much higher for Allstate.
  3. Nationwide includes and provides farm insurance and pet insurance, whereas Allstate does not provide farm and pet insurance. In contrast, other policies and insurance are been much similar for both insurance companies.
  4. Nationwide provides an accident-free discount, which is not provided by Allstate. By providing accident-free discounts, they ensure that their customers are safer and given priority in their health benefits.
  5. Nationwide provides long-term policyholder discounts, which are not provided by Allstate. Long-term policyholders depend on their age, and their premiums would differ on the age factor during which they are into the plan or service.
  6. Nationwide has lower ratings and reviews on mobile app usage, whereas Allstate has higher reviews and ratings on mobile app usage and experience. Based on their reviews and ratings, it has been analysed that Nationwide has been less used and reviewed when compared to Allstate, which is used and reviewed by more than 2 lakh people across the country.
References
  1. https://www.thieme-connect.com/products/ejournals/html/10.1055/s-0029-1225333
  2. https://heinonline.org/hol-cgi-bin/get_pdf.cgi?handle=hein.journals/mnlr66&section=26

Last Updated : 17 August, 2023

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21 thoughts on “Nationwide vs Allstate: Difference and Comparison”

  1. Thank you for providing valuable insights that distinguish Nationwide and Allstate. Your comparison table is particularly useful in making an informed decision on which insurance provider to choose.

    Reply
  2. The historical background of these companies is intriguing and adds depth to the comparison. It’s interesting to learn how both Nationwide and Allstate have evolved over the years.

    Reply
  3. The focus on customer service, personalized policies, and extensive networks provided by both Nationwide and Allstate is a crucial aspect to consider when choosing an insurance provider.

    Reply
    • Absolutely, the emphasis on personalized services and customizable coverage options demonstrates the commitment of both companies to meeting customer needs.

      Reply
  4. The information on the origin and expansion of Nationwide and Allstate establishes a historical context for understanding their growth and evolution as leading insurance providers.

    Reply
    • Certainly, understanding the historical background of these companies contributes to an appreciation of their longstanding presence and commitment to the insurance industry.

      Reply
  5. The provision of detailed comparisons on rates by age, driving records, and available discounts offers significant insights into the distinct approaches taken by Nationwide and Allstate to cater to diverse customer segments.

    Reply
    • Indeed, the focus on varying rates and discounts clarifies the different value propositions provided by each insurance company and their respective approaches to customer engagement.

      Reply
    • Absolutely, the comprehensive comparison of rates and discounts allows customers to map their requirements to the offerings by Nationwide and Allstate effectively.

      Reply
  6. This is a comprehensive and well-structured comparison between Nationwide and Allstate. The amount of detail provided is commendable and aids in understanding the difference between the two companies thoroughly.

    Reply
  7. The discussion on insurance products, discounts, and customizable options by both Nationwide and Allstate underscores the need for customers to have a clear understanding of the full spectrum of offerings.

    Reply
    • I completely agree. The array of offerings by both companies and the accompanying discounts provide a comprehensive view for potential customers.

      Reply
    • Absolutely, it’s essential for customers to be well-informed about the range of products and discounts to make a suitable choice based on their individual requirements.

      Reply
  8. The detailed information on the extension of insurance products and the range of discounts offered by Nationwide and Allstate provides a broad framework for customers to evaluate their insurance needs effectively.

    Reply
    • Absolutely, the comprehensive overview of products and discounts enables customers to make informed decisions based on their unique insurance requirements.

      Reply
  9. The comparison of mobile app ratings and user experience highlights the technological aspect of customer interaction in a digital age. This information is extremely relevant for tech-savvy clients.

    Reply
    • Indeed, understanding the digital capabilities of each provider is vital, especially for those who heavily rely on mobile applications for insurance-related activities.

      Reply
  10. The comparison of insurance products and the accessibility provided by the number of agents highlights the different approaches taken by Nationwide and Allstate to engage with their customers.

    Reply
    • Indeed, the availability of agents and user-friendly mobile apps illustrates the commitment of these companies to enhancing customer experience.

      Reply
    • Absolutely, the accessibility and digital presence of these companies offer valuable insights into the customer-oriented strategies employed by both Nationwide and Allstate.

      Reply

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