Founded in 1926, Nationwide sells insurance in 47 states and Washington, D.C. In addition to traditional auto coverage, Nationwide offers coverage for commercial businesses.
Its commercial auto insurance includes auto liability, comprehensive and collision insurance, medical payments coverage, and uninsured/underinsured (UM/UIM) motorist coverage. Nationwide also offers commercial insurance for rented, borrowed, and employee-owned cars.
A solid financial strength rating and generally positive customer satisfaction ratings give Nationwide an advantage over competitors.
Here’s what you need to know about Nationwide’s commercial auto insurance.
Nationwide provides commercial auto insurance in two ways: a general offering for common business vehicle insurance coverage and specialized insurance products designed for specific needs.
A commercial auto policy from Nationwide covers vehicles strictly used for business, like vans and trucks, as well as personal vehicles used for business. It also writes policies for borrowed or rented commercial vehicles.1 In general, it covers any injuries or damages that you or your employees cause while on the clock.
You must buy a policy for each vehicle in your fleet. The number of vehicles, their make and models, and the work they’re used for will all affect your rates.
For more specific needs, Nationwide’s business owners policy combines equipment breakdown, business income, general liability, and business property coverage into a bundle and is tailored to specific industries.
The insurance company also offers Nationwide Vantage 360 Fleet, a telematics program that evaluates the driving behavior of fleet drivers and offers a potential discount.
When you’re accountable for every penny spent on your business, savings through discounts are essential. Similar to personal auto coverage discounts, commercial auto insurance discounts often prioritize driver training, driver safety, and business policy bundling.
Nationwide doesn’t highlight many specific discounts for commercial auto insurance, but in particular, the Nationwide Vantage 360 Fleet telematics program offers a 10% discount on a qualifying business auto policy.
Below is a list of Nationwide’s discounts for personal auto insurance policies. Talk to your Nationwide agent to see if any of these personal auto discounts are applicable to commercial vehicles.
Identifying the best commercial auto insurance company involves more than just comparing policy options and insurance quotes. It’s also important to check out third-party reviewers.
Independent organizations like AM Best, J.D. Power, and the National Association of Insurance Commissioners (NAIC) collect and review data based on an insurance company’s financial strength, customer satisfaction, and customer complaints. This data can provide helpful insight into an insurer’s ability to pay out claims and its customer service.
Nationwide has solid scores across these rating systems, typically achieving a score above the industry average. But it also has a much higher number of complaints than average.
Nationwide writes insurance policies for a number of business purposes, including business income, business liability, cyber liability, e-risk services, errors and omissions, equipment breakdown, employment practices liability, and commercial property. This selection is more expansive than some competitors.
Nationwide also offers a wide range of commercial auto coverage options and add-ons, including:2
Nationwide’s business products extend beyond commercial auto insurance, providing coverage options tailored to the needs of diverse organizations. This includes:
Equipment breakdown
Errors and omissions
E-risk services
Employment practices liability
Casualty/specialty
Some policies, like the business owners policy, bundles business liability, commercial property, business income, and equipment breakdown coverages into a single package. Others, like commercial agribusiness insurance, include property, business income, general liability, and business auto and fleet coverage.
Learn more about Nationwide’s commercial vehicle insurance coverage options, including which business vehicles apply and how to secure a policy.
Yes. Nationwide is a legitimate commercial auto insurer with third-party accreditation. It has a Better Business Bureau rating of A+.3 It also holds an AM Best financial strength rating of A (Excellent).4 This nearly century-old company ranks No. 13 in commercial auto liability total premiums market share in the U.S.
Nationwide business policyholders have three options for filing a commercial auto claim. Policyholders can log into their account online or on the Nationwide app to file a claim. If a policyholder doesn’t have an online account, they can contact their insurance agent or call 1 (800) 421-3535 and file a claim over the phone.
It depends. You can potentially get a temporary contract of commercial auto coverage the same day from Nationwide. You can request a quote online, over the phone, or with a local agent. Depending on your insurance needs, you may complete your purchase at the same time.
Nationwide’s website specifically lists cars, cargo vans, work vans, box trucks, pickup trucks, and utility trucks eligible for commercial auto coverage. It doesn’t insure semitrucks or tractor-trailers. But this list isn’t exhaustive, so speak to an agent about specialized vehicles like dump trucks or food trucks.1
)
)
)