Nationwide Renters Insurance Review

Nationwide’s renters insurance policies cover the contents of your rented home or apartment and they can even provide coverage for loss of use — or the out-of-pocket expenses you’ll encounter as you find another place to live. You can also get coverage for personal liability, medical payments to others, building additions and alterations, and credit card coverage that pays for unauthorized charges made to your card.

Even though Nationwide is know for below-average customer service, there are discounts available that make their policies very affordable. You can look into bundling with other Nationwide lines of business to lower your overall insurance cost.

While Nationwide renters insurance policies are very affordable overall, keep in mind that some of the choices you make can help you reduce the cost of your policy. For example, you can tailor your policy to include lower coverage limits for personal property or liability, and you can steer clear of buying any add-on coverage.

J.D. Power Rating
2/5
AM Best Rating
A+
Standard & Poor’s
AA+
SimpleScore
3.8 / 5.0
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SimpleScore Nationwide 3.8
Discounts 4
Coverage Options 5
Customer Satisfaction 2
Support 4
Accessibility 4
  • Extra coverage for valuables available
  • Annual On Your Side® insurance review
  • Bundling discounts available

 

  • Poor customer satisfaction reviews

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    America’s top-rated renters insurance

    • Policies starting at just $5/month
    • Sign up in seconds, claims paid in minutes
    • Zero hassle, zero paperwork
    In this article

      While your landlord purchases a homeowners insurance policy that covers the building you live in, it’s important to note that their insurance coverage doesn’t insure your personal belongings. Ultimately, that’s why many tenants purchase renter’s insurance. With this type of policy, you can insure your personal belongings against damage or theft. Even better, renters insurance tends to be a lot less expensive than people think.

      If you’re in the market for a renter’s insurance policy, make sure to keep Nationwide in mind. While this insurer is mostly known for their auto insurance, homeowner’s insurance, and life insurance offerings, they also offer high-quality renter’s insurance for prices most people can afford.

      Nationwide renters insurance: key takeaways

      • Apply for a free quote online or over the phone.
      • Cover personal belongings such as your clothing, furniture, jewelry, electronics and more.
      • Qualify for special discounts for having multiple policies, installing a protective device, or being claim-free.
      • File your claims online or over the phone.

      Nationwide renters insurance review

      If you want to protect the items you own while you rent a home, buying renters insurance is a smart idea. This type of coverage can replace expensive items you own that would be difficult to replace in the event of a fire or weather event.

      Nationwide’s renters policies cover the contents of your rented home or apartment and they can even provide coverage for loss of use — or the out-of-pocket expenses you’ll encounter as you find another place to live. You can also get coverage for personal liability, medical payments to others, building additions and alterations, and credit card coverage that pays for unauthorized charges made to your card.

      On top of the basic coverage Nationwide offers in their renters insurance policies, you can also choose from optional add-ons, including:

      • Valuables Plus: Buy more coverage that kicks in to replace pricey jewelry, expensive art, antiques, and other valuables you own.
      • Theft Extension: This coverage extends your protection to belongings you may have stored in or on any motor vehicle, trailer or watercraft.
      • Earthquake: This coverage kicks in to cover part of your losses in the event of an earthquake or volcano.
      • Water Backup: This add-on coverage protects you against damage caused by backed up sewers or drains.

      One big benefit of buying renter’s insurance from Nationwide is that they let you apply for a quote and get your insurance policy started online. And if a claim is required, you also have the option to upload documents and file a claim on your renters insurance policy via the Nationwide website.

      While Nationwide offers very affordable renter’s insurance overall, keep in mind that some of the choices you make can help you reduce the average cost of your policy. For example, you can tailor your policy to include lower coverage limits for personal property or liability, and you can steer clear of buying any add-on coverage.

      How to get a quote for Nationwide renters insurance

      If you’re thinking renters insurance is a good idea, you can start by getting a free quote for a policy online. Information you’ll need to share in order to get a quote on the Nationwide website includes:

      • Your name
      • Address
      • Phone number
      • Housing information
      • Level of desired coverage
      • Any protective devices you have
      • Number of residents in your household

      As you submit all the information they ask for, you’ll have the option to tweak your policy details to suit your needs. You can ask for more or less of any type of coverage, add on additional types of coverage for theft or water backup, and more. You can even opt for Nationwide Protection Boost, a policy booster product that increases some limits of liability.

      Nationwide renters insurance discounts

      While renter’s insurance is typically not very expensive, you can reduce the cost of your policy even further if you qualify for special discounts. Nationwide offers the following discounts you can apply to your insurance policy for the best deal.

      • Multi-policy discount: Save money on renters insurance by bundling other insurance policies you have with Nationwide Insurance. For example, you could bundle your renters insurance with an auto insurance policy.
      • Protective device discount: Receive a discount on your policy if you have a protective device such as a home alarm system, a fire alarm, smoke detectors, and more.
      • Claims-free discount: Save even more on your renter’s insurance policy if you haven’t filed a renter’s insurance claim in the past.

      Find the Best Renters Insurance

      Save money on renters insurance with our simple comparison tool.

      Matching you with providers.
      We found results in
      Click at least 2-3 companies to find the very best rate.

        America’s top-rated renters insurance

        • Policies starting at just $5/month
        • Sign up in seconds, claims paid in minutes
        • Zero hassle, zero paperwork

        How we rate Nationwide renters insurance


        At The Simple Dollar, we aim to provide a general overview of each insurer’s products and services through a standard rating process. With that in mind, we considered policy offerings and overall customer satisfaction using J.D. Power’s 2018 U.S. Renter’s Insurance Study. We also measured financial solvency based on reports from A.M. Best, S&P, and Moody’s.

        Methodology

        SimpleScore

        The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
        For every review, our editorial team:

        • Identifies five measurable aspects to compare across each brand
        • Determines the rating criteria for each aspect score
        • Averages the five aspect scores to produce a single SimpleScore™

        Here’s a breakdown of the five aspect scores and their rating criteria for our renters insurance reviews.

        Why do some brands have different SimpleScores on different pages?

        To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

        However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.

        Discounts

        We awarded higher scores to insurance providers with more discounts available on their website.

        Coverage Options

        We gave providers with more renter insurance coverage options a higher score because they’re more likely to have a policy that best meets your needs.

        Support

        We awarded higher scores to renters insurance providers with the most channels for customer support.

        Customer Satisfaction

        We leveraged the J.D. Power Home Insurance Satisfaction Study℠ to see how customers rated their experience with each insurance provider. (If a provider wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)

        Accessibility

        We awarded higher scores to insurance providers that have more online and mobile features to easily manage your policy and claims.

        Holly Johnson

        Contributing Writer

        Holly Johnson is a frugality expert and award-winning writer who is obsessed with personal finance and getting the most out of life. A lifelong resident of Indiana, she enjoys gardening, reading, and traveling the world with her husband and two children. In addition to The Simple Dollar, Holly writes for well-known publications such as U.S. News & World Report Travel, PolicyGenius, Travel Pulse, and Frugal Travel Guy. Holly also owns Club Thrifty.