Nationwide renters insurance offers a variety of add-on coverage options that can help protect your belongings. They offer a standard policy with eleven different coverage choices, including identity theft, earthquake damage, and credit card coverage. They also have a robust online presence where you can manage your policies and receive ID cards. The company’s rates are average to slightly below average, and its monthly starting costs depend on the value of your possessions.
The cost of Nationwide renters insurance varies by location, the value of your personal property, and the liability coverage you choose. You can save money by opting for a higher deductible, which lowers your premium. However, you should only choose a deductible that you would be willing to pay in the event of an emergency. You can also save money by bundling your policy with another product, such as auto insurance.
Plan Features
If you’re in the market for a new apartment, Nationwide renters insurance can help you replace your belongings if they’re stolen or damaged. The company has a wide range of policies and offers a variety of add-ons, including theft extension coverage for personal items stored in cars, trailers, or watercrafts, as well as valuables plus coverage for high-value property like jewelry and antiques. It also offers water backup coverage for damages caused by backed-up sewers and drains. It also provides coverage for guests’ medical expenses if they’re injured in your home.
In addition Nationwide renters insurance includes identity theft protection and coverage for damage caused by earthquakes. Its large neighborhood agent network also helps save customers money. Its basic policy costs about $24 a month. Customers can get quotes and apply online. Customers can also save money by bundling renters insurance with auto insurance.
The company offers different options for deductibles, coverage limits, and add-ons. The deductible is the amount you have to pay out of pocket before the policy kicks in. Choosing a higher deductible can reduce your premium, but be sure you have enough money saved to cover the deductible in case of an emergency.
Customer Service and Ratings
Nationwide’s customer service ratings are above average, but some customers complain about their experiences with individual representatives and slow claim payouts. The company is one of the largest providers of auto, home, and renters insurance in the country.
According to AM Best, Nationwide has a good reputation for customer service and is financially stable. It has an AM Best financial strength rating of A+ and a JD Power customer satisfaction rating of 852 out of 1,000. It also has a high J.D. Power customer satisfaction rating and a low number of complaints reported to state insurance regulators. The company is a large and financially sound insurer, with an A+ financial strength rating from SuperMoney
In a recent J.D. Power study, Nationwide scored above average in customer satisfaction for both auto and home insurance. However, State Farm beat it by a few points in the same study. Both companies offer similar coverage, but State Farm’s premiums are typically lower. It also offers more discounts and bundled savings options.
Nationwide offers a free quote tool that lets you customize your policy. You can also use a calculator to calculate the cost of your policy. The company also offers a mobile app that allows you to access your account and file claims.