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What types of insurance does nationwide offer?
Different types of car insurance
You may already know how auto insurance works, but do you know what the different types of car insurance are? If you’re shopping for auto coverage, knowing the different types of auto insurance and their coverages is an important step in getting the policy that’s right for you. Here are a few of the basic car insurance types, how they work and what they cover.
Liability coverage
Liability coverage is required in most US states as a legal requirement to drive a car. Liability insurance may help cover damages for injuries and property damage to others for which you become legally responsible resulting from a covered accident.
Collision insurance
Collision insurance may cover damage to your car after an accident involving another vehicle and may help to repair or replace a covered vehicle.
Comprehensive insurance
Comprehensive insurance can provide an extra level of coverage in the instance of an accident involving another vehicle. It may help pay for damage to your car due to incidents besides collisions, including vandalism, certain weather events and accidents with animals.
Uninsured motorist insurance
Uninsured motorist insurance can protect you and your car against uninsured drivers and hit-and-run accidents. This coverage is often paired with underinsured motorist insurance.
Underinsured motorist insurance
Many drivers choose to carry the minimum in liability coverage to save money, but this might not provide enough coverage. Underinsured motorist insurance can protect you in the event of an accident with a driver whose insurance is not enough to cover the costs.
Medical payments coverage
Medical costs following an accident can be very expensive. Medical payments coverage can help pay medical costs related to a covered accident, regardless of who is at fault.
Personal injury protection insurance
Personal injury protection insurance may cover certain medical expenses and loss of income resulting from a covered accident. Depending on the limits of a policy, personal injury protection could cover as much as 80% of medical and other expenses stemming from a covered accident.
Gap insurance
Car value can depreciate quickly, so an auto insurance settlement might not be enough to cover the cost of a loan. Gap insurance may help certain drivers cover the amount owed on a car loan after a total loss or theft.
Towing and labor insurance
Available if you already have comprehensive car insurance, towing and labor insurance may reimburse you for a tow and for the labor costs to repair your vehicle.
Rental reimbursement insurance
Figuring out how to get around after an accident can be expensive. Rental reimbursement insurance helps pay for a rental car if your vehicle cannot be driven after an accident.
Classic car insurance
Classic car insurance provides specialized coverage designed for the unique needs of vintage and classic car collectors. Find out if classic car insurance is right for you.
If you don’t currently have auto insurance, it’s crucial to get coverage as soon as possible. Get a free quote for the types of car insurance listed above so you're protected from the unexpected.
Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which are controlling. Such terms and availability may vary by state and exclusions may apply. Discounts may not be applied to all policy coverages.
Is allied insurance the same as nationwide?
It was formed as ALLIED Mutual Automobile Association in 1929 by Harold Evans. In 1998, Allied merged with Nationwide Mutual Insurance Company. A Fortune 500 company based in Columbus, Ohio, Nationwide is one of the country's largest diversified insurance and financial services organizations. Nationwide is one of the country's largest auto and home insurer and employs more than 35,000 people throughout the country. In 1998, Nationwide merged with Allied and assumed responsibility for Allied's independent agency network. In 1999, CalFarm Insurance in Sacramento, California joined Nationwide as well. These organizations, along with several others, now all operate as Nationwide.
Does nationwide offer car insurance?
How much is car insurance?
If you’re in the market for car insurance, you likely have a lot of questions. Among them is probably how much does auto insurance cost? The answer, of course, depends on several factors. Understanding how insurance providers calculate car insurance rates can help you not only estimate your budget, but also save money by knowing what to avoid in the future.
Factors that influence the average cost of car insurance
The type of car insurance policy. The type(s) of car insurance you buy plays a huge role in determining the cost. A state-minimum liability policy will likely cost less than a car insurance package including comprehensive insurance, collision insurance, Accident Forgiveness and personal injury protection.
Your age. Drivers in different age groups pose different risks, which is why rates tend to differ based on how old the insurance policy holder is.
Your location. Geography, weather and population density are all factors in the price of your car insurance.
Your driving record. Insurance providers want to see demonstrated responsible behavior, which is why traffic accidents and citations are factors in determining car insurance rates. Keep in mind that points on your license don’t stay there forever, but how long they stay on your driving record varies depending on the state you live in and the severity of the offense.
What kind of car you drive. The price, style and age of your vehicle all contribute to how much car insurance costs will be. For instance, a brand-new sports car will likely be more costly than, say, a five-year-old sedan.
Your deductible. If you choose a lower deductible, it will result in a higher insurance bill – which makes choosing a higher deductible seem like a pretty good deal. However, a higher deductible could mean paying more out of pocket in the event of an accident.
Your policy limit(s). Although all auto policies have a minimum amount, you can also raise your policy limits depending on the level of protection you want.
Your eligibility for discounts. Nationwide offers a variety of discounts on auto insurance. You can save money on your monthly bill by bundling policies, going paperless, driving accident-free and more.
Change of residence. Even if your new home is only a block away from your previous address, if it's in a different zip code, your auto insurance rate could change. Auto policies vary in price from state to state as well.
What is the average car insurance cost?
There are a wide variety of factors that influence how much car insurance costs, which makes it difficult to get an accurate idea of what the average person pays for car insurance. According to the American Auto Association (AAA), the average cost to insure a sedan in 2016 was $1222 a year, or approximately $102 per month.[1] Keep in mind that this is a ballpark figure based on nationally collected data; depending on your situation, it could be more or less.
Nationwide not only offers competitive rates, but also a range of discounts to help our members save even more.
So, how do I get car insurance?
Getting a car insurance estimate from Nationwide has never been easier. Visit our car insurance quote section and enter your zip code to begin the auto insurance quote process. Within a few minutes, you’ll have an auto insurance estimate based on your specific circumstances. You can also talk to a Nationwide agent and get a quote over the phone.
Who owns nationwide insurance company?
We’ve Been Helping People Protect What’s Important for More Than 85 Years
Over the last 85 years, Nationwide has grown from a small mutual auto insurer owned by policyholders to one of the largest insurance and financial services companies in the world, with more than $158 billion in statutory assets.
Early growth came from working together with Farm Bureaus that sponsored the company. Nine Farm Bureaus continue to promote Nationwide.
The early years
1925
Murray D. Lincoln, the leader with the longest tenure in the company's history, had a leading role in the company's formation. The Ohio Farm Bureau Federation incorporates the Farm Bureau Mutual Automobile Insurance Company with the goal of providing quality auto insurance at low rates for farmers in Ohio.
1926
The first policy is sold, and The Ohio Farm Bureau Federation is open for business.
1928
With help from locally based sponsoring organizations, Farm Bureau Mutual begins expanding into other states. These include West Virginia, Maryland, Delaware, Vermont and North Carolina.
1934
The company starts insuring motorists in metropolitan areas and, through the purchase of a fire insurance company, begins writing property insurance policies.
1943
Farm Bureau Mutual operates in 12 states and the District of Columbia.
Becoming Nationwide
1955
From 1943 on, the Farm Bureau Mutual expanded operations until it became clear that they had far outgrown their original goals – and their name. So, with a western expansion that included 20 additional states, the company changed its name to Nationwide Insurance®.
1978
Nationwide completes its international headquarters at One Nationwide Plaza. The 40-story structure is the largest single office building in Central Ohio.
1982
Nationwide acquires Farmland Insurance, now Nationwide Agribusiness Insurance, a 100-year-old company and America's leading farm insurer.
1997
Nationwide Financial® goes public.
2000
With a ground breaking in 1997, the Nationwide Arena opens providing a home to a National Hockey League franchise, the Columbus Blue Jackets.
2007
Nationwide Bank opens to the public.
2009
Nationwide Corporation, a wholly owned subsidiary of Nationwide Mutual Insurance Company (Nationwide), purchased all of the outstanding shares of common stock of Nationwide Financial Services (NFS) it did not already own; NFS becomes a wholly-owned subsidiary of Nationwide and a private company.
Today
We’re still owned by policyholders, but we protect a lot more than just autos owned by Ohio farmers. We’re a Fortune 100 company that offers a full range of insurance and financial services across the country, including car, motorcycle, boat, homeowners, pet, farm, life and commercial insurance, as well as administrative services, annuities, mortgages, mutual funds, pensions, long-term savings plans and specialty health services.
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