USAA vs Nationwide 2022 Auto Insurance Comparison

There are many variables that contribute to the price of an auto insurance policy, but cost is only one factor to consider when purchasing coverage. USAA and Nationwide are two well known companies that you might want to consider for your insurance needs. Read on to compare coverage, prices, discounts and more with these insurers.

See our USAA Car Insurance Review and Nationwide Car Insurance Review for more details on each company.

USAA and National Auto Insurance Coverage

USAA and Nationwide both offer the standard car insurance blanket:

See our article on Common Types of Auto Insurance to learn more about basic coverage.

RELATED STORIES: USAA vs Farmers 2022 Auto Insurance Comparison

Additional coverage

Additional Nationwide and USAA coverage may be available in addition to Basic coverage in some states.

  • Accident forgiveness
  • Roadside assistance / towing
  • Rental car refund
  • Medical payments
  • Car replacement cover

Average Insurance Rates for USAA and Nationwide

Nationwide often has lower rates than other major insurers. Nationwide and USAA’s average monthly premium cost, according to The Zebra, falls on the lower end of the auto insurance spending spectrum. Remember that in addition to your driving record, your age, gender, marital status, the number of kilometers you drive each year and your credit history are just a few of the factors that influence the cost. overall of your insurance.

This table compares the average annual premiums between USAA and Nationwide by age group.

age range United States At national scale
Teens $ 2,864 $ 3,624
20s $ 1,261 $ 1,582
30s $ 963 $ 1,582
40s $ 957 $ 1,151
the 50’s $ 889 $ 1,114
60s $ 845 $ 1,028

Source: The Zebra

Premium discounts from USAA and nationwide

One of the most generous discounts you can get from insurance companies comes from bundling auto coverage with a home, tenant, boat, motorcycle, or other insurance policy. Most insurers encourage clients to take advantage of bundling their coverage. Be sure to inquire about multi-policy and multi-vehicle grouping options through USAA and Nationwide.

You may be eligible for other savings opportunities from a range of discounts, including:

  • New car discounts
  • Discounts on anti-lock brakes
  • Discounts on anti-theft equipment
  • Good student discounts
  • Paperless discounts
  • Early renewal discounts

USAA has a rare discount for vehicles in storage. The benefit, intended for deployed military personnel, saves up to 60% for safe storage of a car for 30 days. If the storage location is on a military base, the USAA grants an additional 15% discount.

RELATED STORIES: Allstate vs Nationwide 2022 Auto Insurance Comparison

Customer Satisfaction with USAA and Farmers

Many people place great emphasis on a company’s reputation when choosing a new insurance provider. These potential customers equate high odds with a high likelihood that the insurer will process claims quickly and efficiently. This means that above average ratings for customer service and satisfaction are crucial for any insurance business.

In the 2021 JD Power US Auto Insurance Study, Nationwide scored below average customer satisfaction in five regions. The study reviews responses from approximately 39,000 auto insurance customers. It provides insight into customer satisfaction in key areas:

  • Cost of auto insurance
  • Policy Offers
  • Billing process and policy information
  • Interactions with clients
  • Complaints

JD Power’s 2021 US Auto Claims Satisfaction Study ranked the country at 876, slightly below the industry average of 880. The study looked at 7,345 auto insurance customers who pay complaints.

USAA was not officially included in these JD Power rankings because the insurer did not meet the study criteria. USAA offers its policies only to veterans and members of the United States Armed Forces and their families. Still, the company receives a lot of positive reviews and its customer service is highly regarded.

USAA is among the top-rated companies by Investopedia in many of its reviews, including Best Auto Insurance, Best Auto Insurance for Teens, and Best Auto Insurance for Military Members.

Which one has better financial standing, USAA or nationally?

If you experience a loss as a result of accident, theft, or weather damage, your insurer must pay any covered claim you submit. The ability of an insurance company to meet its financial obligations is essential.

USAA and Nationwide both have “superior” financial strength ratings from AM Best. The rating indicates that these insurers can pay their claims obligations.

USAA or Nationwide: which is right for you?

Consider many factors when choosing between Nationwide and USAA for auto insurance. Nationwide often offers cheaper rates, but the company does not get high marks for customer satisfaction. The USAA receives a lot of praise from customers, but eligibility requirements may prevent you from signing a policy with them.

USAA and Nationwide are great options for a quality auto insurance policy. Your situation and your needs are unique. You need to do some research when choosing a new insurance provider. Talk to company representatives, who can help you choose the levels of coverage that best meet your needs.

Shopping around can help you find the best policy. It is crucial to request quotes from multiple carriers. The most important thing is to understand your coverage options before signing a new insurance policy. If you are buying a new or used car, make sure you know the state’s auto insurance laws to understand the amount and coverage you may need.

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Justin D. O'Neill