Nationwide is on your side... Once a small mutual automobile insurance company owned by policyholders to one of the largest insurance and financial services companies in the world, with more than $135 billion in statutory assets, Nationwide continues to remain a top contender amongst competitive insurance companies for over 80 years. Nationwide is undoubtedly one of the largest financial services companies in the world. When the Ohio-based company was required to get at least 100 farmers to become policyholders in its first year, they went out and got nearly 1,000 Ohio farmers to sign up, and soon after, began expanding its services to West Virginia farmers and small-town and large city residents. Originally called the Farm Bureau Mutual Automobile Insurance, finally changed its name to Nationwide Insurance in 1955, and just a decade later was operating in 32 states and the District of Columbia. Nationwide was the first insurance company to offer a free application for the iPhone to help tech-savvy customers get through the claims process more easily. Today, Nationwide is ranked #105 in the latest Fortune 500 and employs 36,000 people.
There are many benefits to becoming a Nationwide customer. One being, the complete security and 100% guarantee in knowing that your vehicle will be repaired in the event of an accident, as long as you remain insured with them, and have the same car. Furthermore, Nationwide extends beyond just your automobile insurance. You can purchase renters, business property & liability, home & condo insurance as well. Nationwide also offers several discounts for potential customers. By combining your home-owners, car, and even life insurance, you will receive a very generous discount off your premium rate. For those who have a good driving record, for each year you remain accident free, you will receive an additional $100 deduction from your deductible each and every year you keep your driving record clean. Not to mention, Nationwide's 24/7 customer service is here to handle any questions you might have, as well as roadside assistance available to you at a cost that will work for any budget.
Some consumers feel like Nationwide Insurance's Accident Forgiveness program isn't as beneficial as it seems. For instance, not everyone may be eligible for this program, as it varies pending upon different circumstances. Also, the accident forgiveness plan may not be included in your standard insurance package, which means that you would have to pay a slightly higher monthly premium if you sign up for the program. Although you're protected from high insurance premiums after your first accident, accident forgiveness doesn't help you maintain a clean driving record. Thus, if you wish to switch your auto insurance provider, you will have to be prepared for a hike in rates.