Nationwide Insurance Company Review

A Detailed Review of Nationwide Insurance Company

The Nationwide Insurance Company is one of the largest U.S. Based insurance and financial services Provider company in Columbus. The company have also some regional headquarters in Des Moines, Gainesville, San Antonio, Raleigh, Sacramento, and Westerville. There are approximately 34,000 employees who work in Nationwide Insurance Company. In 2018 Nationwide got Number 66 in the ranking of top 500 companies list in the USA and Number 10 in our list of Top Insurance Companies in the USA.

nationwide insurance

History of Nationwide Insurance Company

In April 1926, Nationwide was started as “Farm Bureau Mutual Automobile Insurance”.  The Story behind the foundation of Nationwide Insurance is, In 1920 farmers of Ohio were paying the same rates as city drivers even on their automobile insurance though they had fewer accidents and claims than city drivers. The Ohio Farm Bureau decided to set up their own insurance company to offer rates that accurately reflected the driving habits of farmers.

On April 10, 1926, the Farm Bureau Mutual Automobile Insurance Company obtained the license to do business in Ohio. After two days, it acquired its financing, a $10,000 loan drawn from the membership dues of the Ohio Farm Bureau Federation. At that time, Ohio law required One Hundred people to become policyholders. The first agents managed to recruit 10 times that number. on April 14, 1926, Farm Bureau Mutual Automobile Insurance started the business with over 1,000 policyholders.

Expansion of Nationwide Insurance Company

In 1928, Farm Bureau expanded it’s business to West Virginia, along with Delaware, Maryland, Vermont, and North Carolina. Farm Bureau began underwriting residents of small towns in 1931 and then in 1934, it also started underwriting residents in larger cities. In 1934, Farm Bureau began started offering fire insurance. This product of the company grew in the same year with the purchase of a license as a struggling Fire Insurance Company.

In 1935, Farm Bureau Mutual got the license as Life Insurance Company of America from American Insurance Union. In 1936, when the company grew up on a large scale and needed to expand its office space it moved to the famous 246 Building at 246 N. High Street Columbus. In 1938, the company was renamed to Farm Bureau Life Insurance Company.

In 1943, Farm Bureau Mutual started providing its services in 12 states along with the District of Columbia. After starting its services in 12 states the Farm Bureau Mutual had insufficient office space in its main building in Columbus. In 1951, it began to open its regional offices.

In 1955, Farm Bureau Mutual changed its name to Nationwide Insurance, and today everyone knows Farm Bureau Mutual as Nationwide Insurance. By 1965 Nationwide Insurance was expended to 32 states and it became a truly Nationwide Insurance Company.

Logo of Nationwide Insurance Company

nationwide insurance

The Brand Image of Nationwide Insurance Company contains Bird in front of Capital “N”. Below this, the Slogan of Company “Nationwide is on Your Side” is written. The Slogan of Nationwide Insurance company was introduced to the public in 1965.

 

Read also: Detailed Review about State Farm Insurance Company

CEOs of Nationwide

NameYears Served
Lee B. Palmer1926–1928
George L. Cooley1928–1939
Murray Lincoln1939–1964
Bowman Doss1964–1969
George Dunlap1969–1972
Dean Jeffers1972–1981
John Fisher1981–1992
Dimon McFerson1992 – 2000
Jerry Jurgensen2001 – 2009
Steve Rasmussen2009 – Present

Types of Insurance they Offers

The Nationwide Insurance Company offers the following types of Insurance Policies.

  • Automobile Insurance
  • Homeowners Insurance
  • Renters Insurance
  • Life Insurance
  • Motorcycle Insurance
  • Condo Insurance
  • Pet Insurance
  • Travel Insurance
  • ATV Insurance
  • Scooter Insurance
  • Snowmobile Insurance
  • Classic Car Insurance
  • RV Insurance
  • Boat Insurance
  • Personal Watercraft Insurance
  • Umbrella Insurance
  • Accidental Medical Insurance
  • Legal Property Insurance
  • Theft Insurance
  • Dental Insurance
  • Wedding Insurance
  • General Liability Insurance

Contact Information about Nationwide

If you looking for Nationwide Insurance Company Phone Number or want to contact the Company then you can contact them by following Sources

A Short Table of Information

Here is a short Table of Company’s info. From which you can find more details about the company

TypeMutual
IndustryFinancial services
Founded1926; 93 years ago (as Farm Bureau Mutual Automobile Insurance Company)
HeadquartersOne Nationwide Plaza
Columbus, Ohio, U.S
Key peopleSteve Rasmussen, CEO
ProductsInsurance, Investments, Banking
RevenueUS$ 46.5 billion (2017)
Net incomeUS$ 520 million (2017)
Total AssetsUS$ 230.6 billion (2017)
Number of employees32,110
Websitenationwide.com
Phone Number00 1 877-669-6877

Frequently Asked Questions

Q: What is Nationwide?

Ans: Nationwide is an Insurance Company which provides different Insurance Plans and Services to its Customers in the United States.

Q: Where is it Located?

Ans: It is located in the United States of America. It’s headquarter is situated in One Nationwide Plaza
Columbus, Ohio, United States.

Q: Which type of Services does Nationwide Provide?

Ans: It provides Insurance, Investments and Banking Services in the United States.

Q: Who is the Founder of it?

Ans: The founder of Nationwide Insurance Company is not Cleared but it was founded in 1926.

Q: When Nationwide Insurance Company was founded?

Ans: Nationwide Company was founded in April 1926.

 Q: How can I get my Insurance Policy from Nationwide?

Ans: Nationwide is Providing their Services in more than 32 states and they have their regional offices in these States. You can visit them in their offices or call them on their number 00 1 877-669-6877 to get a policy.

Q: How many Insurance agents does Nationwide Insurance Company have?

Ans: The Company have more than 34,000 employees throughout the U.S.

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