Allstate and Nationwide are two of the largest car insurance companies in the country. The insurers have similar coverage options and discount programs with a few key differences. For example, Allstate has more discount offerings, while Nationwide offers more coverage add-ons, like a total loss deductible waiver.
Both companies offer competitive rates below the national average of $143 per month. You should always compare quotes from multiple insurers, including Allstate and Nationwide, to find the cheapest car insurance and type of policy that meets your insurance needs.
Here’s what you need to know about Allstate and Nationwide before buying a new car insurance policy.
The two car insurance companies have a similar quality of coverage, but Allstate’s lower prices and slightly higher J.D. Power rankings for customer and claims satisfaction make it the better choice for many drivers.
See how the two insurers compare below.
Allstate personal auto insurance policies make up about 11% of the market share in the U.S. It’s the fourth-largest car insurance company in the country.1
Nationwide has about 2% of the overall insurance market share, making it the 10th-largest U.S. car insurance company.1
Both Nationwide and Allstate offer telematics programs that reward safe drivers with helpful discounts. The mobile apps score you based on mileage, braking, acceleration, and speed habits. Enrolling in one of these programs also provides direct feedback about the safest way to operate your vehicle.
You can earn a 10% discount just for signing up for Nationwide’s SmartRide program, and up to 25% for safe driving habits. Allstate auto insurance also offers an initial discount for signing up for Drivewise and a safe driving discount every six months you’re accident-free. You’ll receive rates based on your driving habits.
Generally speaking, Allstate has lower rates for coverage than Nationwide. But the cheapest car insurance company for you depends on several factors, including your driving record, marital status, ZIP code, chosen insurance coverage, past car insurance claims, and more.
More mature drivers with a clean record can expect to pay lower insurance rates than young drivers and people with many incidents on their driving record. Insurers typically view drivers with past incidents like speeding tickets, at-fault accidents, moving violations, and DUIs as high-risk drivers to insure.
Allstate offers the best deal for drivers with a clean record.
For drivers with a speeding ticket, Allstate has more affordable coverage, on average.
Teen drivers pay lower average car insurance rates with Allstate than Nationwide.
Drivers with a poor credit score can find cheaper coverage from Allstate, on average.
Senior drivers can find the best rates with Allstate insurance.
As with most national auto insurance companies on the market, Allstate and Nationwide auto insurance have many of the same coverage offerings, including standard coverages like:
Bodily injury liability
Property damage liability
Comprehensive and collision coverage
Allstate car insurance and Nationwide car insurance both also offer a number of add-on policies, with some variation. Compare available insurance endorsements below.
Allstate and Nationwide offer almost the same number of auto insurance discounts, but Allstate policyholders can benefit from a few more, including a new-car discount. Nationwide offers discounts for driving fewer miles during a policy period, but it doesn’t have a discount for military members.
You can compare discount offerings from the two companies below.
Deciding on the right insurer that meets your specific needs and price point can be hard. The following information should help answer your remaining questions and help you make an informed decision.
No. Though the companies offer similar coverage nationwide, they’re different companies. Allstate has lower average auto insurance rates than Nationwide, but both companies offer coverage below the national average. Both companies have good reputations in the insurance industry.
Yes. Nationwide has an AM Best financial strength rating of A+ (Superior), which indicates an ability to pay claims. But the company ranked slightly below average in customer satisfaction in the J.D. Power 2023 U.S. Auto Claims Satisfaction Study.2
On average, Allstate offers cheaper car insurance policies than Nationwide. Allstate has more available discounts, but Nationwide has a few extra coverage offerings.
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