The National Association of Insurance Commissioners (NAIC) has released the results of its 2017 auto insurance survey, and it shows the best auto insurance carriers in the U.S. The survey included more than 1.1 million auto claims and provided data on the cost of car insurance for 2017.
Here are some of the key findings from the NAIC survey: Nationwide, the largest insurance company, topped the charts in auto insurance coverage.
The insurer ranked first in coverage and in auto accident coverage among all U. S. insurers, according to the survey.
Nationwide is the only auto insurer with an annual rate of at least $5,000 per claim, a top rate among insurers.
Nationwide was second to the UAW in coverage for claims for the year.
The National Motorists Association (NMAA) was second-best in coverage.
Nationwide’s premium for 2018, the most recent year for which data is available, was $2,094 per claim.
Nationwide, as the nation’s No. 1 auto insurer, had the lowest premium in the nation for claims of $2.96 per claim for the entire year, with premiums of $1,732 per claim per driver.
Nationwide had the highest rate of premiums per claim among the top 25 insurers in the country.
The NAIC says the highest premium per claim is $2 to $3 per claim nationwide for drivers with an average age of 62 or older, the median income of $70,000 or more and a driver’s age of 55 or older.
Nationwide offered more comprehensive coverage than any other auto insurer in the top 10 insurers.
All 10 auto insurers with the highest coverage were among the 10 largest companies, according the NAIA.
Nationwide offers coverage for nearly $3 billion worth of vehicles and has more than 9 million active members.
Nationwide says it offers a comprehensive plan for more than 400,000 drivers.
Nationwide also offers coverage in some states for some of its lowest-cost vehicles.
Nationwide covers more than 2 million cars and trucks in the state of Ohio, which includes the Columbus area.
Nationwide has offered coverage for drivers in the Columbus metropolitan area for the past decade.
Nationwide said it will invest $1 billion in new, high-speed rail service that will connect Cleveland to Columbus and other Ohio cities and towns.
Nationwide Insurance ranked first for coverage in terms of cost for the first time in 2017.
Nationwide reported $6,567 per claim on average for claims with claims of more than $1 million in 2018, an increase of about $700.
Nationwide did not break out claims for claims that exceeded $1.7 million.
Nationwide plans to increase coverage for certain claims in 2019.
Nationwide ranked second for coverage of drivers in 2018 for claims involving a fatal accident, a motor vehicle crash, or an injury.
Nationwide averaged $3,738 per claim in 2018.
Nationwide experienced an average of more claims per claim than any insurer.
Nationwide drivers had the second-highest rates of claims in 2018 after the top 20 insurers, behind only the NMAA.
Nationwide claims were more than one-third of the total claims for 2018.
This was the third consecutive year that Nationwide had more claims than the top 50 insurers.
The company was also second for claims in terms for which drivers were eligible for a deductible, at $1 per claim compared to the average for the top 30 insurers, the NAIP said.
Nationwide topped the top-performing insurer in terms to the best insurance company in terms in 2018 with a premium of $4,973 per claim overall.
Nationwide customers also had the best rates for vehicle maintenance and repairs, and most importantly, in terms with claims.
Nationwide insured about 1.4 million vehicles, about 1 in 6 vehicles, according a report in the Los Angeles Times.
Nationwide saw an increase in its rate of claims over the past two years, from about 7.5 million in 2016 to 8.5,766 in 2017, and nearly 6.5 times more than the average rate in the past five years.
Nationwide accounted for nearly 10 percent of all claims nationwide, and the NAIOT says the company saw more than 13 million claims in 2017 and about 7 million in the 2018 survey.
Overall, Nationwide ranked third in auto coverage, behind the UMWA and the National Auto Workers.
Nationwide won the top prize for the second straight year, and for the sixth consecutive year, the top three insurers were the top performers.
Nationwide finished ahead of the UWWA, which was ranked third, with about 7,500 claims in the latest NAIC data.
Nationwide fared better than the other top five insurers, though, in the rankings for 2018 for the two most common types of claims.
The most common type of claim, the total auto claim, was worth about $2 billion in 2018 compared to about $6 billion in 2017; the most common claim for which a deductible was paid, about $4.9 billion, was also worth more than that.
Nationwide claimed about $5.9 million in