Finding the right car insurance policy for your needs is very important, and everyone has different needs. The kind of insurance policy necessary depends on the car’s purpose and/or how we use our vehicle. The two most popular car insurance companies today are Nationwide Insurance and American Automobile Association, more popularly known as AAA. To find out which company fits your needs, let us get to know both companies better first.
Let’s start with Nationwide Insurance. This company started in December 1925 and was originally known as Farm Bureau Mutual Automobile Insurance Company. Nationwide not only has automobile insurance, but they also offer other financial services and insurance products such as homeowners, renters, motorcycle, banking, life, mortgage loans, Annuities, IRAs and mutual funds.
Nationwide Features and Benefits
A large benefit from Nationwide is their one-of-a-kind insurance discount offers for loyal consumers. Another unique discount system is that if all of your vehicles are insured with Nationwide, you can get at least a 20% discount on your premiums. They also offer discounts if both your vehicle and homeowners insurance are through them. If you maintain a good record and are accident-free for five years, you will also be entitled to some discounts. This is also a good choice for those who have a teenage child. As long as your child maintains at least a grade of B in their school, there is an additional discount you can receive.
Let’s move on to American Automobile Association (AAA). It was in March 1902 when AAA was formed. They have been in business for more than one hundred years. The initial purpose of this company was to make sure drivers travel safely across the United States by building better roads and fixing them. Compared to other car insurance companies, AAA is unique as they are exclusive to its 69 clubs across U.S. AAA’s car insurance is known as ACG or Automobile Club Group. The products they offer, aside from automobile, are life, homeowners, travel, medical and dental insurance.
AAA Features and Benefits
Just like Nationwide, AAA also offers discounts. In cases of automobile accidents, they offer at least $250 off the deductible if the accident involves another AAA member. A special discount is also granted to its members if their homeowners, automobile and life insurance are all from AAA.
With all the information stated above, let’s compare the two car insurance companies. In terms of products offered, it looks like Nationwide has more available services compared to AAA. If you review the discount system of each company, it seems like Nationwide has more exciting offers for its members. However, in terms of customer satisfaction, AAA boasts a customer satisfaction rating of 3.4 out of 4 while Nationwide got a flat 3.
As with any other insurance company, both AAA and Nationwide have their pros and cons. You just have to weigh each company and compare it to your needs.