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Nationwide Motorcycle Insurance Review

Nationwide Motorcycle Insurance Review

  • Customer Service
  • Cost
  • Coverage

Nationwide Mutual Insurance Company is an insurance company based out of Columbus, Ohio. If you watch much TV, chances are good that you’ve heard the little tune “Nationwide is on your side” featured in a series of slightly comical commercials. Currently, Nationwide is a strong company that ranks in the top 10 for auto insurance market share percentage in the United States. As of 2012, they had nearly 7 million direct premiums written and they seem to be performing well on the insurance end.

Many people choose Nationwide because they have been around for an extensive period of time, they seem to do good business, and provide many different types of coverage for individuals interested in motorcycle insurance. If you are interested in finding out what types of deals they offer as well as what type of coverage you can get for your motorcycle through Nationwide, be sure to read the comprehensive review that is featured below.

Nationwide Company History

Initially on December 17, 1925, the Ohio Farm Bureau Federation formed the Farm Bureau Mutual Automobile Insurance Company. This company was based out of Columbus, Ohio and the automobile insurance branch formed as a result of Ohio state law. Initially the company started with 1,000 policyholders – most of which were Ohio farmers. By 1928, the company had expanded and was writing policies for farmers living in the states of West Virginia, Maryland, Delaware, Vermont, as well as North Carolina. Although initially the automobile insurance was just for farmers, they began expanding to residents of smaller townships in 1931.

By 1934, Farm Bureau Mutual Automobile Insurance Company was writing policies for bigger cities. The increasing number of policyholders led to an expansion of the company. Just 9 years later in 1943, the Farm Bureau Mutual Company had policies written for residents of 12 states as well as Washington D.C. In 1955, Farm Bureau Mutual group made the big name change to “Nationwide Insurance” – the name that is still with the company today. In just one decade, Nationwide had expanded to 19 additional states – officially making the company “nation wide.”

Although the headquarters are based on Columbus, Ohio – Nationwide still has employees in other areas. They currently have over 36,000 employees in total and are among the Top 100 of Fortune 500 companies. Besides expanding their insurance services, Nationwide is responsible for building the ice rink which is home to the Columbus Blue Jackets NHL hockey team – it was appropriately dubbed “Nationwide Arena.” The downtown Columbus area has expanded as a result of Nationwide’s company headquarters.

By 2003 Nationwide had bought out the rights to sponsor a professional golf tour in the U.S. They were the premier sponsor of this golf venue for a decade. They are currently the sponsor of a PGA Memorial Tournament. Additionally, company has given a lot of money back to the city of Columbus via donation to the Columbus Children’s Hospital – now known as Nationwide Children’s Hospital; a name change as the result of a hefty donation. NASCAR fans may also be familiar with the Nationwide Series which started back in 2008. They also have a sponsorship for Jack Hanna’s popular TV show called “Into the Wild.” By 2010 they were the official insurance provider for the NFL franchise, the Cincinnati Bengals.

Nationwide Motorcycle Insurance Coverage Options

When it comes down to it, the coverage options are the single most important element of motorcycle insurance. If you aren’t getting the coverage that you want for your motorcycle, you aren’t going to feel comfortable as a driver. It is important to make sure that you are able to get what you want. Below are the extensive options that Nationwide offers customers that are interested in taking out a motorcycle insurance policy.

Collision Coverage – If you damage your own motorcycle as a result of: colliding with something, hitting another vehicle, getting hit by another vehicle, or rolling your bike, collision coverage will help pick up the tab for damages. With Nationwide, you will get safety apparel up to $2000 covered as well. This seems to be very extensive as far as collision coverage is concerned.

Comprehensive Coverage – Any damage resulting from things other than a collision such as: weather, animals, theft, vandalism, nature, etc. – is picked up by comprehensive coverage. This type of coverage is typically optional but is smart to have if you have a valuable motorcycle.

Custom Equipment Insurance – If you’ve customized your motorcycle parts and upgraded from the stock parts, Nationwide will allow you to purchase insurance for them. If you already have a comprehensive policy, they will give you up to $3000 worth of custom equipment insurance. They allow additional limits to be purchased up to $30,000 for those with a very valuable bike.

Liability Coverage – In most states, you are required to have third party liability insurance. This picks up the insurance for bodily injury (i.e. damage to another person) as well as third party property damage. So if you were to hit someone else’s property or public property and cause damage as a result of an accident – this would have you insured. Nationwide automatically will include coverage for guest passengers on your ‘cycle.

Medical Payment Insurance – Should you get into an accident resulting in a hospital or doctor visit and other medical expenses, having “medical payment insurance” will help you avoid large out-of-pocket expenses. This will pay for all medical costs for you as well as your passengers in any accident – regardless of who is “at fault.”

OEM Endorsement – One thing that most companies don’t offer is an OEM endorsement. Nationwide offers this endorsement to their customers so that they know their motorcycles are being repaired using all original equipment. They promise that with this endorsement, you will get all accident replacements done with original parts instead of off-brand or after-market parts.

Roadside Assistance – Although this element of coverage is optional, you can purchase assistance for if you ever get stranded on the side of the road. Should you need a tow, end up running out of gas, or get a flat tire, this is the insurance that you’ll want. This will be an additional charge, but may be worth it if you like being extra safe.

Towing and Labor Coverage – If you ever need your vehicle towed, this type of coverage will reimburse you for any towing expenses that you rack up. It also will insure you for any costs to get your vehicle up and running properly again.

Uninsured/Underinsured Coverage – Should you get into an accident with a driver that doesn’t have adequate insurance, purchasing “underinsured” or “uninsured” coverage will help pay for the damages that the other driver cannot afford. It also will pick up the tab if there’s an unidentified motorist that causes the accident. If there is some missing insurance on the end of the other party to pick up costs, this gives you what you need.

Nationwide Motorcycle Insurance Payment Options

Nationwide allows a few different payment options for their customers to help make payments easier and more customizable. They allow you to make smaller payments each month, a couple of larger payments twice a year, or you have the option of making one large payment for an entire year’s worth of coverage.

Monthly Payments – You have the option of paying for your insurance once each month. This is probably the most common option because it doesn’t require you to shell out a ton of money to get coverage.
Semi-Annual Payments – If you can handle making 2 larger payments per year (i.e. one every 6 months), then the semi-annual option would be best. This allows you to take care of your insurance with just 2 installments.
Annual Payment – For individuals that don’t like the hassle of collecting monthly statements and paying per month, the annual payment is a great option. Make one payment and get coverage for an entire year. This option is nice because once you pay the single installment, you don’t have to worry about remembering to pay your bill for the entire year.

It should be noted that most companies offer a few more payment options than Nationwide. However, if you contact an agent you may be able to further customize your payments to fit your financing. Most people should be satisfied with monthly payments if they aren’t able to pay in one or two installments.

Nationwide Payment Methods

Nationwide accepts plenty different payment methods to help keep payments convenient and simple for their customers. Most people should be satisfied with the methods in which they can pay their bill through Nationwide. Should you have any additional questions regarding acceptable payments, you can always contact Nationwide directly and figure things out.

  • Automated Payments
  • Cash
  • Check
  • Credit Card
  • Debit Card
  • Direct Pay
  • Electronic Funds Transfer (EFT)
  • Mail
  • Online
  • Phone
  • Recurring Bank Card

Does Nationwide offer paperless billing?

Yes. In an effort to minimize resources and to help save the environment, Nationwide provides a paperless billing option to their customers. If you want to help minimize your global footprint and help save trees, signing up for paperless billing is a good option. You can manage all of your information digitally by logging into your account online.

If you ever need to review your bill, you can simply check back under the online database by signing into your secure account. Even Nationwide lists a few reasons you may want to consider paperless billing if you don’t yet have it.

  1. Less clutter – When you aren’t getting paper statements, it reduces clutter. Each time you get a statement you have to worry about paying it and keeping track of it. These statements pile up and you may lose it and forget about it. By paying online, you don’t have to worry.
  2. Saving environment – If you want to help save the environment, paperless billing is a great way to do it. By having people sign up for paperless billing, it helps save thousands of trees each year.
  3. Security – If you want your payments to be as secure as possible, online is your best option. Any identity thief could steal your paper statement from the mail or trash and use personal information as they see fit. If you pay online, you don’t have to worry about someone getting personal information when you throw away your papers. Online they have top notch security to prevent any hackers from getting in.

Signing up for paperless billing is simple as can be with Nationwide. If you are confused, you can simply contact their customer service and get directions. Otherwise all you need to do is log into your account and change your statement options to go paperless. You can set up your account to receive a notification each time your bill is ready to be paid so that you can view the statement online.

Nationwide Motorcycle Insurance Discounts

Another factor that you should always take into account when shopping for motorcycle insurance is that of discounts. Nationwide offers many ways to help you save a lot of money on your premiums. Below are all the ways in which you can save with Nationwide.

Anti-Lock Brakes Discount – If your motorcycle has a factory installed ABS (Anti-Lock Brakes System), you may qualify for a discount of 5%.

Farm Bureau Discount – If you are a member of the Farm Bureau you may qualify for a 5% discount.

Homeowner Discount – Just by being a homeowner you can qualify for a discount. It doesn’t matter if this home is mobile, a condo, or townhome either. This will allow you to save potentially up to 19%.

Motorcycle Safety Course Discount – If you take a motorcycle safety course that has been approved by Nationwide and successfully complete it, you could get up to a 5% discount on your insurance. The Motorcycle Safety Foundation (MSF) has more information on the types of courses that you can take.

Multi Policy Discount – If you bundle your other types of insurance such as: auto, home, powersports, you can save up to 14% on your motorcycle insurance. If you bundle everything, you could save a pretty big chunk of change.

Multi Vehicle Discount – Do you have more than one vehicle that needs to be insured? If you have multiple motorcycles, cars, boats, ATVs, snowmobiles, etc. – you can combine them all under your policy and save up to 35%. This could end up saving you a lot of money in the long term.

Nationwide Affinity Discount – If you are a member of Nationwide Affinity Group – you will receive a discount of up to 5%.

Paid-In-Full Discount – If you pay your entire policy premium in full (i.e. one installment) when you buy a new policy or renew an existing policy, you can save up to 10%.

Riding Association Discount – If you are a member of a group or riding “association” (e.g. Harley Owners Group), you can claim up to 10% off of your insurance.

Theft-Recovery Device Discount – If you have a GPS tracking agent installed on your motorcycle for the purpose of tracking thieves, you could save up to 20% on your bill. This can be a radio or GPS type theft-recovery system.

Vanishing Deductible – For every year of safe driving, Nationwide reduces your deductible by $100. They do this as a way to reward all safe drivers and help them save.

The discounts listed above may vary from driver to driver. You may not get the full discount percentages and also may not be able to use every discount listed above towards your savings. If you are looking into getting motorcycle insurance, use this as a general guide so that you are aware of the potential savings.

A.M. Best Rating: A+ (Superior)

The financial strength of Nationwide was given an “A+” rating which means that they have great overall credit. Financial stability is huge when it comes to insurance because the more stable a company, the more likely they are going to pay your claims on a timely basis. Additionally, you want to make sure that if you purchase insurance coverage that the company doesn’t go belly up or have to file for bankruptcy. Nationwide is a strong company with many diverse investments and A.M. Best has determined that they are financially trustworthy.

Based on independent customer reviews, Nationwide was given a 4/5 stars based on thousands of reviews. Although some individuals may end up having bad experiences, overall people seem to be very satisfied with the coverage, customer service, and handling of claims by Nationwide. If you decide to choose them for your motorcycle insurance, you are going to end up with a reliable insurance company with a very solid track record.

Get Free Nationwide Motorcycle Insurance Quotes Online!

Before you decide to purchase a motorcycle insurance policy, you should always take the time to compare quotes. Certain policies may be priced better for your particular state or based on your individual factors. Not all companies will provide you with the insurance coverage that you need for a price that you can afford. Nationwide is a great company with a lot of options for their customers and they may turn out to be the exact insurer that you need. However, there are a lot of other great companies out there that you may want to compare with Nationwide. Use the free tool below or at the top of the page to determine which companies are offering the best deal for your area.

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