Nationwide vs. Travelers: Home Insurance Comparison


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Nationwide and Travelers both have excellent ratings for both affordability and financial stability. Nationwide offers lower rates and better customer service, while Travelers is the more financially stable insurer.

Nationwide has an average annual premium of $1,917 for homeowners insurance, while Travelers charges roughly $2,119 annually. It’s not all about the price, however. You should not overlook other factors such as availability, additional coverages and discounts.

For instance, Nationwide has two more optional coverages for homeowners who want extra protection. In addition to being less expensive overall, Nationwide also provides more discounts.

Read MoneyGeek's detailed comparison of Nationwide vs. Travelers homeowners insurance policies to learn more about these two companies.

Comparison Overview: Nationwide vs. Travelers

According to our findings, Nationwide has a slight advantage over Travelers, as evidenced by their overall MoneyGeek rankings. Travelers is more financially secure, but Nationwide wins in terms of pricing and customer satisfaction.

Nationwide also provides more possibilities for add-on coverages and discounts. To help you compare Nationwide and Travelers homeowners insurance, MoneyGeek listed both companies' essential features and scores in the table below.

Feature
Nationwide
Travelers

Total Score

89

88

Satisfaction

3.9

3.5

Stability

4.5

5.0

Affordability

4.78

4.7

Average Annual Premium

$1,917

$2,119

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COMPARE NATIONWIDE TO OTHER HOME INSURANCE COMPANIES

MoneyGeek ranked companies based on nationally recognized data from leading consumer reporting agencies, including J.D. Power for customer service, AM Best for financial stability and Quadrant Information Services for affordability. Learn more.

Which Company Is Cheaper Overall?

MoneyGeek reviewed quotes from both companies and concluded that Nationwide has a cheaper average baseline premium at $1,917 per year, compared to Travelers with $2,119.

But it's important to remember that these rates reflect the approximate cost of home insurance and that your actual rate may vary depending on a wide range of personal and financial factors. These include your credit score, home location and projected house repair cost.

Average Annual Homeowners Insurance Premium of Nationwide vs. Travelers

homeInsurance
Nationwide

Average Annual Premium

$1,917
homeInsurance
Travelers

Average Annual Premium

$2,119
Travelers’s homeowners insurance costs on average:$202 more

This is 11% more expensive.

The cost of a homeowners insurance policy is determined by a number of factors that insurers consider. The two biggest factors are the amount of dwelling coverage you choose and the location of your home.

Which Company Is Cheaper Based on Dwelling Coverage Amount?

To be adequately protected financially, the amount of dwelling coverage you choose should be a fair approximation of the full expense associated with fixing or rebuilding your house.

You can choose from a variety of home coverage levels based on the value of your home. Across all levels of dwelling coverage that we examined, Nationwide is consistently the more affordable option between the two.

Average Premiums for Nationwide vs. Travelers
Nationwide$100,000$1,211
Travelers$100,000$1,716
Nationwide$250,000$1,932
Travelers$250,000$2,287
Nationwide$500,000$4,337
Travelers$500,000$5,528
Nationwide$750,000$6,427
Travelers$750,000$8,089
Nationwide$1,000,000$8,480
Travelers$1,000,000$10,938
Travelers$2,000,000$22,544
Nationwide$2,000,000$16,565
Nationwide$3,000,000$24,431
Travelers$3,000,000$34,812

How Much Does Each Company Cost by State?

The cost of homeowners insurance also varies by state. For instance, Nationwide charges $3,099 in Maryland, the most expensive state for its coverage. By contrast, Travelers charges an average of just $1,390 in Maryland. So, even though Nationwide is usually the cheaper insurer, that isn’t always the case in all states. On the other hand, Travelers charges around $8,742 in South Carolina, while Nationwide has an average rate of just $2,747 in this state.

Find the cost of Nationwide and Travelers homeowners insurance in your state using the table below.

Average Premiums for Nationwide vs. Travelers
NationwideAL$1,511
TravelersAL$1,080
NationwideAR$1,317
TravelersAR$988
NationwideAZ$1,006
TravelersAZ$3,296
NationwideCA$1,841
TravelersCA$1,463
NationwideCO$2,938
TravelersCO$2,576
TravelersCT$1,315
TravelersDC$2,029
NationwideDE$654
TravelersDE$704
NationwideFL$1,500
TravelersFL$1,056
NationwideGA$1,892
TravelersGA$1,936
TravelersIA$713
TravelersID$1,022
NationwideIL$1,422
TravelersIL$1,332
NationwideIN$747
TravelersIN$869
TravelersKS$1,452
TravelersKY$788
TravelersMA$3,001
NationwideMD$3,099
TravelersMD$1,390
NationwideME$1,099
TravelersME$808
TravelersMN$2,266
TravelersMO$1,959
NationwideMS$1,549
TravelersMS$754
TravelersMT$2,868
NationwideNC$1,905
TravelersNC$1,050
NationwideNE$2,171
TravelersNE$2,126
NationwideNH$810
TravelersNH$745
TravelersNJ$899
TravelersNM$1,090
TravelersNV$658
NationwideNY$1,185
TravelersNY$1,485
NationwideOH$792
TravelersOH$487
TravelersOK$2,234
NationwideOR$634
TravelersOR$587
NationwidePA$1,605
TravelersPA$1,584
NationwideRI$1,513
NationwideSC$2,747
TravelersSC$8,742
TravelersSD$1,675
TravelersTN$6,292
NationwideTX$2,981
TravelersTX$3,610
NationwideUT$790
TravelersUT$684
NationwideVA$895
TravelersVA$1,456
TravelersVT$1,021
TravelersWA$667
TravelersWI$992
NationwideWV$757

Which Company Has Better Customer Service?

A company's customer service reputation is as important as its pricing. Keep in mind that receiving timely and effective service can make a significant difference when filing and handling a claim.

Our research revealed that Nationwide slightly outperforms Travelers in terms of overall service quality. Travelers has a better track record for financial stability, while Nationwide typically offers lower premiums.

Nationwide Vs. Travelers: Customer Service Scores
Score
Nationwide
Travelers

MoneyGeek Score

89

88

Satisfaction Score

3.9

3.5

Stability Score

4.5

5.0

Affordability Score

4.8

4.7<

Optional Coverages Offered by Nationwide vs. Travelers

Typical homeowners insurance covers liability, personal property and the home itself. If you want more security, you can add optional coverages.

With eight add-ons available, Nationwide offers a greater selection of coverages than Travelers, which only offers six. Both companies offer all common coverages.

Coverage
Nationwide
Travelers

Sewer backup coverage
Covers the cost of
water damage from
a sump pump,
drain or sewer overflow.

Identity theft coverage

Covers some of the
costs incurred due to
identity theft or fraud.

Extended reimbursement

Extends your limits for
certain coverages.

Scheduled personal property coverage

Covers the cost of
valuable items like
jewelry, furs, fine art, etc.

Building ordinance or law coverage

Covers the cost to
rebuild or upgrade a
home so that it
meets the most up-to-date
building codes after a
covered loss.

Compared to Travelers, Nationwide has three more coverages that can prevent out-of-pocket expenses for costly repairs. Building ordinance coverage pays the cost of rebuilding your house according to current construction codes after a covered loss. Better roof replacement helps replace your roof with stronger and safer roofing materials. Lastly, earthquake coverage offers extra protection from earthquake damage (with a separate deductible).

Travelers, on the other hand, offers energy efficiency upgrade coverage, which can help cover the expenses to repair, replace or rebuild your home using green materials when a covered loss occurs.

Remember that MoneyGeek obtained this data from the providers’ websites, so the published coverages may not contain all available options.

Discounts Offered by Nationwide vs. Travelers

Insurance premiums can be lowered by taking advantage of available discounts. With eight discounts to Travelers’ five, Nationwide comes out on top in this category. Except for the green home discount, Nationwide offers all the discounts that Travelers does.

Discount
Nationwide
Travelers

Protective device discount

Discount for having
theft or fire protection
devices, such as alarms
or sprinklers.

Insurance bundling discount

Discount for bundling
your homeowners insurance
policy with another product,
like auto insurance.

Claims-free discount

Discount for going
several years without
filing a claim.

New home discount

Discount for homes that
have been recently constructed.

Home renovation discount

Discount for homes that
have been recently renovated.

Nationwide offers most of the common discounts for home insurance, although it does not provide a new home discount. It provides four discounts that Travelers does not: discounts for roofing materials, continuously insured policies, gated communities and home renovations.

Travelers’ only discount that Nationwide doesn’t offer is the green home discount. If your house has previously received the Leadership Energy and Environmental Design (LEED) "green home" certification, you could save up to 5% on your premiums.

Nationwide and Travelers may provide more extensive selections of discounts than they list on their websites, so check with each insurer to see what’s available in your area.

How Much Could Your Homeowners Insurance Premium Cost?

If you're still unsure about which insurer to pick, MoneyGeek invites you to look through our suggestions for the best homeowners insurance providers, which include the most recent pricing information.

The cost of repairing your home is the most crucial factor influencing the overall cost of homeowners insurance. The MoneyGeek homeowners insurance calculator can help you roughly estimate your premium in just a few clicks.

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Rates updated:

Dec 06, 2024

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About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.