Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insuran...

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Apr 16, 2021

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Key Takeaways

  • Nationwide has cheaper average car insurance rates than Farmers
  • Nationwide has a better financial rating than Farmers, but both have an A+ rating from the BBB
  • Farmers rated about average in customer satisfaction, and Nationwide rated at or below average in each region

When it comes to the best car insurance companies, you have a lot of options, and comparing them side by side will help you narrow down your choices. We’ll compare the pros and cons of Farmers vs. Nationwide car insurance companies to see which one best suits your needs.

Compare rates, discounts, financial ratings, and customer satisfaction ratings to see if either is right for you.

You don’t have to choose just between Farmers vs. Nationwide to find the best company. Enter your ZIP code to get free car insurance quotes from a number of companies in your area.

Is Farmers car insurance or Nationwide car insurance cheaper?

You could be surprised to learn how many factors car insurance companies consider when calculating your rates. Age, gender, ZIP code, driving history, and credit score are all common factors.

All of these will be used to determine how affordable Farmers vs. Nationwide car insurance is for you. Since everyone will be different, rates will vary.

First, we will look at Farmers vs. Nationwide car insurance rates by demographics. We all know that younger drivers pay higher insurance rates, so let’s take a closer look at how much age influences your auto insurance rates.

Farmers vs. Nationwide Average Annual Rates Based on Age, Gender, and Marital Status
Age, Gender, and Marital StatusFarmers Average Annual RatesNationwide 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 car insurance companies consider when calculating your rates is your driving record. When you have accidents, tickets, or DUIs on your record, you can pay even more for your insurance than if you have a clean driving record.

Farmers vs. Nationwide Average Annual Rates Based on Driving Record
Driving RecordFarmers Average Annual RatesNationwide 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, accident, speeding ticket, or DUI.

You may also be surprised to learn that your credit score has an impact on your car insurance rates. Insurance companies believe that if you have a higher credit score, you are less likely to file a claim and are more able to pay for damages out of pocket.

Farmers vs. Nationwide Average Annual Rates Based on Credit History
Credit HistoryFarmers Average Annual RatesNationwide Average Annual Rates
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Yet again, Nationwide is cheaper across the board.

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Does Farmers or Nationwide have better car insurance discounts?

If you add car insurance discounts to your policy, you can save a lot of money. Most companies provide common discounts based on the number of cars you own, your occupation, and whether or not you drive safely.

This table lists the Farmers and Nationwide discounts that are available. If the discount amount is known, it is factored in. Take a look around and see which company offers the best deals.

Farmers vs. Nationwide Car Insurance Discounts
Car Insurance DiscountsFarmers (%)Nationwide (%)
Adaptive Cruise ControlN/Ax
Adaptive Headlightsxx
Anti-lock Brakesx5
Claim Freex10
Continuous CoveragexN/A
Daytime Running Lightsx5
Defensive Driverx5
Distant Studentx10
Driver's EdxN/A
Driving Device/AppN/A40
Early Signingx8
Electronic Stability Controlxx
Family Planx25
Farm VehiclexN/A
Federal EmployeexN/A
Forward Collision WarningN/Ax
Full PaymentxN/A
Further EducationN/A15
Good CreditN/Ax
Good Studentx10
Green Vehicle5N/A
Lane Departure WarningN/Ax
Life InsuranceN/Ax
Low Mileagexx
Multiple Policiesx10
Multiple Vehiclesx20
Newer Vehiclexx
Paperless Documentsx5
Paperless/Auto Billingx$30
Passive Restraintx20
Safe Driverx35
Senior DriverxN/A
Stable ResidenceN/Ax
Students & AlumniN/A7
Switching ProviderxN/A
Utility VehiclexN/A
Vehicle Recoveryx25
VIN Etchingxx
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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. But, Nationwide offers a loyalty discount that Farmers doesn’t.

As you compare Farmers vs. Nationwide car insurance quotes, be sure to ask for any eligible discounts.

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 they have an excellent ability to meet their obligations. Nationwide scored an A+ showing they have 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. Although, Nationwide insurance claims complaints are very low.

Both companies offer mobile apps and websites, allowing customers to access their insurance information, pay bills, and access their ID cards when needed.

You can also file car insurance claims or Farmers and Nationwide homeowners claims online.

Farmers and Nationwide also offer additional coverages, such as roadside assistance and usage-based coverage. You can even get Nationwide farm insurance.

Deciding to buy Farmers vs. Nationwide car insurance can be a difficult decision. To determine if either is right for you, look at rates, discounts, and ratings. You can also compare additional companies to see which one is the best fit.

Enter your ZIP code to compare quotes from several companies near you now that you’ve compared Farmers vs. Nationwide car insurance.