Nationwide vs. USAA: Home Insurance Comparison


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Updated: May 22, 2024

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Nationally, USAA received the highest customer satisfaction score out of all the home insurance companies analyzed. Nationwide ranked tenth overall with above-average customer satisfaction scores.

Nationwide has a slight edge in affordability, with an average premium of $4,337 per year for $500,000 in dwelling coverage, while USAA costs $4,421 per year for similar coverage. Nationwide offers more optional coverages and a broader range of discounts, but it is only available in 47 states, while USAA is available in all states.

Learn more about what these insurers have to offer in our in-depth Nationwide vs. USAA homeowners insurance comparison.

Comparison Overview: Nationwide vs. USAA

Our Nationwide vs. USAA homeowners insurance comparison highlights all the features, coverages and discounts these companies offer so you can choose the best provider for your needs.

Feature
Nationwide
USAA

Total Score

89

98

Satisfaction

3.9

5.0

Stability

4.5

5.0

Affordability

4.8

4.8

Average Annual Premium

$1,917

$1,966

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?

Nationwide’s average baseline premium of $1,917 per year is lower than USAA’s at $1,966 per year.

These rates are averages, and actual costs may vary based on individual factors such as your location, dwelling coverage needs and other factors that impact the average cost of home insurance.

Average Annual Homeowners Insurance Premium of Nationwide vs. USAA

homeInsurance
Nationwide

Average Annual Premium

$1,917
homeInsurance
USAA

Average Annual Premium

$1,966
USAA’s homeowners insurance costs on average:$49 more

This is 3% more expensive.

Home insurance costs vary based on various factors, the most important being the dwelling coverage you need. Insurers also consider other factors like your home’s age, your credit score and claims history when calculating home insurance premiums.

Which Company Is Cheaper Based on Dwelling Coverage Amount?

Dwelling coverage refers to the amount it would take to rebuild your home and is one of the key factors affecting the cost of home insurance.

In our USAA vs Nationwide home insurance comparison, we found that Nationwide offers cheaper premiums for dwelling coverage amounts ranging from $100,000 to $500,000. However, for higher dwelling coverage amounts of $750,000 to $3,000,000, USAA has significantly cheaper rates than Nationwide.

You can use the table below to compare average costs by dwelling coverage amount.

Average Premiums for Nationwide vs USAA
NationwideDwelling Coverage Amount$100,000Average Annual Premium$1,211
USAADwelling Coverage Amount$100,000Average Annual Premium$1,641
USAADwelling Coverage Amount$250,000Average Annual Premium$2,134
NationwideDwelling Coverage Amount$250,000Average Annual Premium$1,932
NationwideDwelling Coverage Amount$500,000Average Annual Premium$4,337
USAADwelling Coverage Amount$500,000Average Annual Premium$4,421
NationwideDwelling Coverage Amount$750,000Average Annual Premium$6,427

How Much Does Each Company Cost by State?

Location plays an important role in home insurance costs. Nationwide’s home insurance policy is cheapest in Oregon at an average of $634 per year and most expensive in Maryland at $3,099 per year.

USAA’s home insurance is cheapest in West Virginia at an average of $742 per year and most expensive in South Carolina at $3,451 per year.

You can see average home insurance costs by state in the table below.

Average Premiums for Nationwide vs. USAA
USAAStateAKAverage Annual Premium$1,026
NationwideStateALAverage Annual Premium$1,511
USAAStateALAverage Annual Premium$960
NationwideStateARAverage Annual Premium$1,317

Which Company Has Better Customer Service?

MoneyGeek found that USAA has better customer service than Nationwide. Nationally, USAA ranks first with a customer service score of 5 out 5, while Nationwide ranks tenth with a customer satisfaction score of 3.9 out of 5. Customer satisfaction scores are a good indicator of how promptly and fairly an insurer handles claims, so a good rating is an important factor to consider when choosing a provider.

USAA also outranks Nationwide in financial stability. However, when it comes to affordability, Nationwide has a slight edge offering more affordable premiums compared to USAA’s average rates.

Nationwide Vs. USAA: Customer Service Scores
Score
Nationwide
USAA

MoneyGeek Score

89

98

Satisfaction Score

3.8

5.0

Stability Score

4.5

5.0

Affordability Score

4.8

4.8

Optional Coverages Offered by Nationwide Vs. USAA

Homeowners insurance includes dwelling coverage, personal property coverage and liability coverage. Companies also offer optional coverages you can purchase as add-ons to your policy.

Nationwide offers seven optional coverages, while USAA has two. Nationwide offers most of the typical optional coverages, including scheduled personal property, extended reimbursement and content replacement cost coverage. However, it’s worth noting that USAA offers content replacement cost coverage as a standard included coverage in its policy, not an add-on. USAA offers earthquake and home rental coverage as add-ons.

Coverage
Nationwide
USAA

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.

Nationwide offers scheduled personal property, building ordinance and extended reimbursement coverages. These add-ons are not available from USAA. Scheduled personal property coverage protects against the loss of high-value items like jewels or art while building ordinance coverage ensures your home is rebuilt to current building codes. Extended reimbursement offers an additional 20% of your coverage limit in case of loss.

USAA offers home rental coverage, which Nationwide does not. This coverage is important if you rent out your home since it protects you and your guests in case of loss.

MoneyGeek obtained coverage data from the providers’ websites. Other coverages that are not published may be available.

Discounts Offered by Nationwide Vs. USAA

Taking advantage of discounts can help you reduce your home insurance costs. Nationwide offers policyholders more opportunities to save with eight discounts compared to USAA with only three. USAA does not offer a home renovation discount, one of the typical discounts most companies, including Nationwide, offer.

Discount
Nationwide
USAA

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 all the discounts USAA offers and additional ones, including discounts to those who renovate their home’s plumbing, electrical or heating systems. Nationwide also offers discounts for homes bought in the last 12 months and continuously insured discounts. Discounts are also available if you live in a gated community and for certain roof types.

MoneyGeek obtained this data manually from each company’s website. Other discounts that are not published may be available.

How Much Could Your Homeowners Insurance Premium Cost?

The cost of your home insurance policy will depend on various factors, the most important being the potential cost of rebuilding your home. Apart from cost, factors like coverage benefits, available add-ons and discounts are also important when choosing the best homeowners insurance company.

You can use MoneyGeek’s home insurance calculator to estimate your home insurance cost.

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Calculator

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Rates updated:

Jul 12, 2024

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About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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.