Farmers vs. Nationwide Auto Insurance (2021)
Choosing between Farmers vs. Nationwide auto insurance is difficult, so compare Farmers vs. Nationwide cars insurance rates by age, driving record, and credit score to find the best policy for you. Overall, Nationwide offers cheaper rates and stronger financial ratings, but Farmers Insurance boasts more positive customer reviews.
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Written by
Mathew B. Sims
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Reviewed by
Daniel Walker
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UPDATED: Jul 15, 2021
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- Nationwide has cheaper average auto insurance rates than Farmers
- Nationwide has a better financial rating than Farmers, but both have an A+ rating from the Better Business Bureau (BBB)
- Farmers rated about average in customer satisfaction, and Nationwide rated at or below average in each region
Both Farmers and Nationwide are on the list of the top 10 best auto insurance companies, but which company is the best option based for you?
We’ll compare Farmers vs. Nationwide auto insurance based on age, driving record, and credit history to see which one better suits your needs.
We also compare available discounts and ratings from agencies with a credible and trustworthy view of Farmers vs. Nationwide auto insurance companies.
Looking for affordable Farmers vs. Nationwide auto insurance quotes? Enter your ZIP code to start comparing quotes from multiple companies in your area.
Is Farmers auto insurance or Nationwide auto insurance cheaper?
You might be surprised to learn how many factors auto insurance companies consider when calculating your rates. These include your age, gender, ZIP code, driving history, and credit score.
These factors will determine how affordable Farmers vs. Nationwide auto insurance is for you. Since everyone is different, rates will vary.
First, we’ll look at Farmers vs. Nationwide auto insurance rates by demographics. We all know that younger drivers pay higher insurance rates, so let’s take a look at how much age influences your auto insurance rates.
| Age, Gender, and Marital Status | Farmers Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Single 17-year-old female | $8,666.24 | $5,431.46 |
| Single 17-year-old male | $9,202.06 | $6,815.00 |
| Single 25-year-old female | $2,672.81 | $2,431.91 |
| Single 25-year old male | $2,791.21 | $2,739.66 |
| Married 35-year-old female | $2,316.82 | $2,202.69 |
| Married 35-year-old male | $2,306.44 | $2,214.18 |
| Married 60-year-old female | $2,117.42 | $1,987.35 |
| Married 60-year-old male | $2,179.61 | $2,005.06 |
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Nationwide car insurance is cheaper than Farmers no matter your age, gender, or marital status.
Another important factor that auto insurance companies consider when calculating your rates is your driving record. When you have accidents, tickets, or DUIs on your record, you’ll pay more for your insurance than if you have a clean driving record.
| Driving Record | Farmers Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Clean record | $3,460.60 | $2,746.18 |
| With 1 accident | $4,518.73 | $3,396.95 |
| With 1 DUI | $4,718.75 | $4,543.20 |
| With 1 speeding violation | $4,079.01 | $3,113.68 |
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Farmers is more expensive than Nationwide whether you have a clean record, an accident, a speeding ticket, or a DUI.
You may also be surprised to learn that your credit score has an impact on your auto insurance rates. Insurance companies believe that if you have a higher credit score, you are less likely to file a claim and more likely to pay for damages out of pocket.
| Credit History | Farmers Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Good | $3,677.12 | $2,925.94 |
| Fair | $3,899.41 | $3,254.83 |
| Poor | $4,864.14 | $4,083.29 |
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Yet again, Nationwide is cheaper across the board.
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Does Farmers or Nationwide have better auto insurance discounts?
If you add car insurance discounts to your policy, you can save a lot of money. Most companies provide discounts based on the number of cars you own, your occupation, and how safely you drive.
This table lists the Farmers and Nationwide discounts that are available. If the discount amount is known, it is factored in. Take a look and see which company offers you the best deals.
| Car Insurance Discounts | Farmers (%) | Nationwide (%) |
|---|---|---|
| Adaptive Cruise Control | N/A | x |
| Adaptive Headlights | x | x |
| Anti-lock Brakes | x | 5 |
| Anti-Theft | x | 25 |
| Claim Free | x | 10 |
| Continuous Coverage | x | N/A |
| Daytime Running Lights | x | 5 |
| Defensive Driver | x | 5 |
| Distant Student | x | 10 |
| Driver's Ed | x | N/A |
| Driving Device/App | N/A | 40 |
| Early Signing | x | 8 |
| Electronic Stability Control | x | x |
| Family Plan | x | 25 |
| Farm Vehicle | x | N/A |
| Federal Employee | x | N/A |
| Forward Collision Warning | N/A | x |
| Full Payment | x | N/A |
| Further Education | N/A | 15 |
| Garaging/Storing | x | N/A |
| Good Credit | N/A | x |
| Good Student | x | 10 |
| Green Vehicle | 5 | N/A |
| Homeowner | x | 5 |
| Lane Departure Warning | N/A | x |
| Life Insurance | N/A | x |
| Low Mileage | x | x |
| Loyalty | N/A | 5 |
| Married | N/A | x |
| Membership/Group | N/A | 7 |
| Military | x | N/A |
| Multiple Policies | x | 10 |
| Multiple Vehicles | x | 20 |
| Newer Vehicle | x | x |
| Occupation | x | 15 |
| Paperless Documents | x | 5 |
| Paperless/Auto Billing | x | $30 |
| Passive Restraint | x | 20 |
| Safe Driver | x | 35 |
| Senior Driver | x | N/A |
| Stable Residence | N/A | x |
| Students & Alumni | N/A | 7 |
| Switching Provider | x | N/A |
| Utility Vehicle | x | N/A |
| Vehicle Recovery | x | 25 |
| VIN Etching | x | x |
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Both companies offer a lot of discounts and some are only offered at one company. For example, Farmers offers a continuous coverage discount and Nationwide doesn’t, whereas Nationwide offers a loyalty discount that Farmers doesn’t.
As you compare Farmers vs. Nationwide auto insurance quotes, be sure to ask for any discounts you are eligible for.
How do Farmers and Nationwide compare in financial strength and customer satisfaction?
A.M. Best ranks companies based on how financially stable they are. Farmers received an A rating, meaning it has an excellent ability to meet its obligations. Nationwide scored an A+, showing it has a superior ability to meet financial obligations.
Both companies also received an A+ rating from the Better Business Bureau, and both are accredited.
J.D. Power ranked Farmers and Nationwide on customer satisfaction, including prices, billing, claims, and what is offered. Farmers scored about average in most regions of the U.S., and Nationwide either scored average or below average in each region. The complaint volume for Nationwide insurance claims is very low.
Each company has an easy-to-use website and mobile app where customers can access their accounts, make payments, and even file Farmers insurance claims or Nationwide claims easily. Usually, your Farmers insurance login or Nationwide login would likely be the same in the company’s general app and driving app.
Farmers and Nationwide roadside assistance are also available. You can even get Nationwide farm insurance.
Before you choose between Farmers vs. Nationwide auto insurance, enter your ZIP code to start comparing multiple auto insurance companies in your area.