Nationwide vs. USAA: Home Insurance Comparison

Nationally, USAA received the highest customer satisfaction score out of all the home insurance companies analyzed. Nationwide ranked tenth overall with above-average customer satisfaction scores.

Nationwide has a slight edge in affordability, with an average premium of $4,337 per year for $500,000 in dwelling coverage, while USAA costs $4,421 per year for similar coverage. Nationwide offers more optional coverages and a broader range of discounts, but it is only available in 47 states, while USAA is available in all states.

Learn more about what these insurers have to offer in our in-depth Nationwide vs. USAA homeowners insurance comparison.

Our Nationwide vs. USAA homeowners insurance comparison highlights all the features, coverages and discounts these companies offer so you can choose the best provider for your needs.

Nationwide’s average baseline premium of $1,917 per year is lower than USAA’s at $1,966 per year.

These rates are averages, and actual costs may vary based on individual factors such as your location, dwelling coverage needs and other factors that impact the average cost of home insurance.

Home insurance costs vary based on various factors, the most important being the dwelling coverage you need. Insurers also consider other factors like your home’s age, your credit score and claims history when calculating home insurance premiums.

Dwelling coverage refers to the amount it would take to rebuild your home and is one of the key factors affecting the cost of home insurance.

In our USAA vs Nationwide home insurance comparison, we found that Nationwide offers cheaper premiums for dwelling coverage amounts ranging from $100,000 to $500,000. However, for higher dwelling coverage amounts of $750,000 to $3,000,000, USAA has significantly cheaper rates than Nationwide.

You can use the table below to compare average costs by dwelling coverage amount.

Location plays an important role in home insurance costs. Nationwide’s home insurance policy is cheapest in Oregon at an average of $634 per year and most expensive in Maryland at $3,099 per year.

USAA’s home insurance is cheapest in West Virginia at an average of $742 per year and most expensive in South Carolina at $3,451 per year.

You can see average home insurance costs by state in the table below.

MoneyGeek found that USAA has better customer service than Nationwide. Nationally, USAA ranks first with a customer service score of 5 out 5, while Nationwide ranks tenth with a customer satisfaction score of 3.9 out of 5. Customer satisfaction scores are a good indicator of how promptly and fairly an insurer handles claims, so a good rating is an important factor to consider when choosing a provider.

USAA also outranks Nationwide in financial stability. However, when it comes to affordability, Nationwide has a slight edge offering more affordable premiums compared to USAA’s average rates.

Homeowners insurance includes dwelling coverage, personal property coverage and liability coverage. Companies also offer optional coverages you can purchase as add-ons to your policy.

Nationwide offers seven optional coverages, while USAA has two. Nationwide offers most of the typical optional coverages, including scheduled personal property, extended reimbursement and content replacement cost coverage. However, it’s worth noting that USAA offers content replacement cost coverage as a standard included coverage in its policy, not an add-on. USAA offers earthquake and home rental coverage as add-ons.

Nationwide offers scheduled personal property, building ordinance and extended reimbursement coverages. These add-ons are not available from USAA. Scheduled personal property coverage protects against the loss of high-value items like jewels or art while building ordinance coverage ensures your home is rebuilt to current building codes. Extended reimbursement offers an additional 20% of your coverage limit in case of loss.

USAA offers home rental coverage, which Nationwide does not. This coverage is important if you rent out your home since it protects you and your guests in case of loss.

MoneyGeek obtained coverage data from the providers’ websites. Other coverages that are not published may be available.

Taking advantage of discounts can help you reduce your home insurance costs. Nationwide offers policyholders more opportunities to save with eight discounts compared to USAA with only three. USAA does not offer a home renovation discount, one of the typical discounts most companies, including Nationwide, offer.

Nationwide offers all the discounts USAA offers and additional ones, including discounts to those who renovate their home’s plumbing, electrical or heating systems. Nationwide also offers discounts for homes bought in the last 12 months and continuously insured discounts. Discounts are also available if you live in a gated community and for certain roof types.

MoneyGeek obtained this data manually from each company’s website. Other discounts that are not published may be available.

The cost of your home insurance policy will depend on various factors, the most important being the potential cost of rebuilding your home. Apart from cost, factors like coverage benefits, available add-ons and discounts are also important when choosing the best homeowners insurance company.

You can use MoneyGeek’s home insurance calculator to estimate your home insurance cost.