Nationwide vs USAA Insurance

When it comes to choosing between Nationwide vs USAA it depends on you. USAA provides coverage for active military, veterans, and their families, and Nationwide is a public company covering all types of people.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 26, 2021

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Here's what you should know...

  • USAA and Nationwide are both highly rated and respected companies
  • USAA provides various types of coverage for active military personnel, veterans, and their families
  • Nationwide offers various individual and commercial coverage options in all 50 states

While similar in many of the services offered including insurance and financial advice, Nationwide and USAA have quite a few unique qualities that distinguish them from each other as well as other providers.

Nationwide and USAA both offer many types of insurance, investment advice, and banking services and both have a long history of service.

Read through this USAA Nationwide insurance comparison, check out the full USAA car insurance review, check out the full Nationwide car insurance review, and then enter your zip in on this page for a free car insurance comparison!

History of Nationwide & USAA

 

Nationwide was started in the mid-1920s and through working with the Farm Bureaus and constant expanding it has grown to one of the largest financial services providers in the nation.

Nationwide still works with eight of the original Farm Bureaus which is a testament to their level of service and longevity. Nationwide has evolved into a financial powerhouse and even during these tough economic times they have shown stability and even growth.

USAA came from similar humble beginnings. In the 1920s, the USAA was formed by a handful of Army officers that actually insured each others’ vehicles and eventually expanded to include more and more military personnel.

From there the USAA has grown exponentially to become a major player in the financial services industry and one of the largest integrated financial providers around.

While their 7.2 million customers are not quite the customer base of Nationwide, USAA does have some restrictions on who they cover.

USAA is for active, retired, and honorably discharged military personnel and their families and is a privately held company, while Nationwide is a public company and covers just about every type of customer.

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Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

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USAA & Nationwide Products Offered

Some of the most striking similarities of both companies are the types of coverages and services offered as well as offering a full range of online services including banking and money transfers. Nationwide and USAA both offer services including:

  • Auto Insurance
  • Life Insurance
  • Property Insurance
  • Banking Services
  • Financial Advice
  • Retirement Planning
  • Wealth Management

Nationwide USAA Awards & Ratings

Is USAA insurance any good? Nationwide and USAA have both been in business for over eighty years and both have A+ ratings with A.M. Best and A1 ratings with Moody’s (USAA, Nationwide). They both operate in all 50 states.

Nationwide claims that ninety-seven percent of their customers would recommend them and USAA has earned several awards from such organizations like MSN Money and Fortune 500.

The major difference in the two organizations is the customer base numbers and the types of customers each one has.

The best way to determine if Nationwide or USAA car insurance is the best for you is to simply compare quotes from USAA and Nationwide and as many other companies as possible. Enter your zip code in to start comparing quotes for car insurance now!

References:

  1. https://nationwide.com
  2. https://usaa.com
  3. https://auto.howstuffworks.com/buying-selling/car-insurance.htm
  4. https://en.wikipedia.org/wiki/A._M._Best
  5. https://www.usaa.com/inet/wc/about/
    _usaa_corporate_overview_financial_strength?akredirect=true
  6. https://www.moodys.com/credit-ratings/Nationwide-Mutual-Insurance-Company-credit-rating-534500

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