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Nationwide Motorcycle Insurance Review


ConsumersAdvocate.org Rating: 3.6 / 5 (Very good)
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Nationwide Mutual Insurance Company is part of a group of companies providing insurance and financial services, including auto, commercial, homeowners, motorcycle, and boat insurance, as well as investment and retirement plans. It is considered a Fortune 100 company and is the 8th largest auto insurer in the United States.
 
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How is Nationwide rated?

Breakdown

3.5/5
Coverage and Additional Benefits
4.0/5
Financial Strength
3.5/5
Discounts
3.5/5
Claims and Reputation

Overall Rating: 3.6 / 5 (Very good)

Nationwide gets high marks for the extent of their coverage and the variety of available discounts, which include discounts for homeowners, even if the homeowner policy is not with Nationwide. It also gets points for having an extensive network of mechanics who include a written guarantee with their repairs for as long as the policyholder owns the bike.

Another pro is their policy specifically tailored to vintage bikes and scooters and - for bikes less than 10 years old - their OEM endorsement, which helps ensure that the bike is repaired with new parts from the original equipment manufacturer.

Their reputation is about average for a big-name insurer, with many customers complaining about the difficulty of getting their claims paid. However, they still enjoy great standing, a low number of complaints given their size, and remain an excellent choice in the motorcycle insurance field.

Nationwide Coverage and Benefits

Coverage and Additional Benefits - 3.5 / 5

Nationwide offers an impressive list of coverage options. Aside from the basics (liability, collision, comprehensive), it takes multi-bike coverage further by offering up to 12 bikes under one policy with coverage up to $50,000 per bike. It also covers custom parts up to $30,000 as well as trailers. Unlike many competitors, Nationwide offers a distinct policy for vintage motorcycles and scooters that are over 25 years old.
Coverage
Liability
Collision
Comprehensive
Customized Motorcycle Parts
Uninsured/Underinsured Motorist
Additional Coverage
Full Replacement Cost
Accessories and Custom Parts
Roadside Assistance
Trip Interruption
Towing and Labor
Types of Vehicles Covered
Scooters
Classic/Custom Motorcycles
Street-Sport Bikes
High Performance

Nationwide Pricing and Discounts

Discounts - 3.5 / 5

Nationwide offers discounts for holding more than one policy and/or insuring more than one bike with them. It also offers discounts for taking a training/safety course, for paying the policy in full, and for being a homeowner (even if the home's insurer is not Nationwide).
Discounts
Training Course
Multi Bike
Club/Association Membership
Other Discounts
Home Ownership
Anti-Theft Devices
Anti-Lock Brakes

Nationwide Financial Strength

Financial Strength - 4 / 5

All major financial credit ranking services have given Nationwide excellent grades, although with a negative credit outlook because of the losses incurred by the insurance industry in 2017 caused by several natural disasters in a row. Despite that Nationwide continues to be financially stable and a leader in the market.
Company Type
Underwriter
Year Founded
1925
Standard & Poor's Financial Rating
A+
Moody's Financial Rating
A1
AM Best Financial Rating
A+
Underwriter
Nationwide Insurance Group

Nationwide Customer Experience

Claims and Reputation - 3.5 / 5

Nationwide holds an A+ rating with the Better Business Bureau but does have over 300 complaints with the agency. Its commercial auto arm (which covers motorcycles) has had two complaints filed against it with the National Association of Insurance Commissioners, which is below the median number of complaints.
BBB Rating
A+
Number of BBB Positive Reviews
3
Number of BBB Negative Reviews
93
NAIC Complaint Ratio 2017
0.25
NAIC Total Complaints 2017
2
Date Collected
2018-05-21

Company Profile

Full Name
Nationwide Motorcycle Insurance
Company Website
https://www.nationwide.com/personal/insurance/motorcycle/
Headquarters
One Nationwide Plaza, Columbus, OH, 43215

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Top Rated
  • Instant, Personalized Motorcycle Insurance Quotes
  • Over Four Decades of Motorcycle Insurance Experience
  • Competitive Coverage at Great Prices
  • Comprehensive Protection for Your Bike and Accessories
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