Jeffrey Wade
Allied Insurance and Nationwide Insurance are two of the largest insurance companies in the world. Both companies offer a wide range of insurance products, including auto, commercial, farm, health, home, life, motorcycle, pet, and RV insurance. Despite their similarities, there are several differences between the two companies. Allied Insurance was founded in 1929 and is headquartered in Des Moines, Iowa, while Nationwide Insurance was formed in 1926 and is headquartered in Columbus, Ohio. In 1998, the two companies merged, with Nationwide assuming responsibility for Allied's independent agency network. Since then, Nationwide has continued to expand its range of insurance and financial services, becoming a Fortune 100 company, while Allied has maintained its standalone brand, offering unique features such as Minor Violation Forgiveness and Allied Rewards discounts.
| Characteristics | Values |
|---|---|
| Year of establishment | Nationwide: 1926 |
| Allied: 1929 | |
| Founder | Nationwide: Murray D. Lincoln |
| Allied: Harold Evans | |
| Headquarters | Nationwide: N/A |
| Allied: Des Moines, Iowa | |
| Number of employees | Nationwide: N/A |
| Allied: 4,100+ | |
| Type of insurance offered | Nationwide: Auto, Commercial, Farm, Health, Home, Life, Motorcycle, Pet, Powersports, Boat, Specialty Health Services, Property and Casualty, Retirement Savings, Asset Management, Strategic Investments |
| Allied: Auto, Commercial, Farm, Health, Home, Life, Motorcycle, Pet, Renters, Condo, RV, Accident Forgiveness, Minor Violation Forgiveness, Good-As-New Coverage, Roadside Assistance, Vanishing Deductible, Umbrella | |
| Discounts | Nationwide: Safety devices, multiple cars, multiple policies, good grades, Advance Quote, Affinity Car Insurance, Anti-theft |
| Allied: Multi-policies, Minor Violation Forgiveness, Allied Rewards | |
| Mobile app | Nationwide: Available for Android, iPhone, and iPad |
| Allied: Same as Nationwide |
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What You'll Learn
History
The history of Nationwide Insurance dates back to 1926 when Murray D. Lincoln founded the Farm Bureau Mutual Automobile Insurance Company. The company aimed to provide affordable auto insurance to farmers in Ohio. Over the next few years, the company expanded to several other states, including West Virginia, Maryland, and Delaware. By 1934, they were insuring motorists in metropolitan areas and offering property insurance. In 1943, the company operated in 12 states and the District of Columbia. In 1955, they rebranded as "Nationwide" and expanded into 20 new states. In 1982, Nationwide acquired a century-old company, America's leading farm insurer, and in 1997, they went public. In 2000, the Nationwide Arena opened, becoming the home of the Columbus Blue Jackets, an NHL franchise. In 2007, Nationwide expanded its services by opening the Nationwide Bank. Today, Nationwide is a Fortune 100 company, offering a comprehensive range of insurance and financial services across the United States.
Allied Insurance, on the other hand, was formed later, in 1929, by Harold Evans. Allied, originally known as the Allied Mutual Automobile Association, operated as a standalone brand for many years. In 1998, a significant shift occurred when Allied Insurance merged with Nationwide. This merger resulted in Allied adopting the Nationwide name and logo for its policies, documents, and account statements. The merger also led to Nationwide taking over Allied's independent agency network. This integration brought together the strengths and services of both companies, allowing them to offer a diverse range of insurance options to their customers.
Both Nationwide and Allied have a long history of providing insurance services, with Nationwide having a slightly longer establishment. The merger between the two companies in 1998 was a pivotal moment that united their operations and expanded their collective reach in the insurance industry.
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Services
Allied Insurance and Nationwide Insurance are now the same company, with Allied Insurance being fully absorbed into the Nationwide brand in 1998. However, there are still some differences in the services offered by each.
Nationwide is one of the largest insurance and financial services companies in the world, offering a full range of insurance products, including car, motorcycle, boat, homeowners, pet, farm, life, commercial, annuities, and health insurance. They also provide financial services such as mutual funds, retirement plans, and pensions.
Nationwide offers customizable protection for a range of products, including auto, home, Powersports, and personal umbrella insurance. They provide various discounts, such as for safety devices, insuring multiple cars, multiple policies, and good grades. Additionally, Nationwide is known for its superior customer service and community involvement, supporting initiatives like food drives and military families.
Allied Insurance, now part of Nationwide, previously offered a range of insurance options, including automobile, homeowners, life, commercial, farm, health, motorcycle, pet, and RV insurance. They also provided additional coverage, such as condo, renters, and umbrella insurance. Allied offered unique features like Accident Forgiveness, Minor Violation Forgiveness, Good-As-New coverage, and Vanishing Deductible. One notable difference is that Allied offered 12-month car insurance policies, while many competitors only offer six-month policies.
Allied Insurance also had a mobile app that allowed users to access their accounts, make payments, manage payment methods, and file claims. The app provided access to roadside assistance and facilitated sharing ID cards with drivers on the same policy.
While Allied Insurance is no longer selling new policies and has been fully integrated into the Nationwide brand, existing Allied customers can expect to receive the same level of service and coverage under the Nationwide name and logo.
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Discounts
Allied Insurance, founded in 1929, was acquired by Nationwide in 1998 and has since been fully absorbed by its parent company. As a result, Allied customers now have policies, documents, bills, and account statements featuring the Nationwide name and logo. While both companies offer auto, commercial, farm, health, home, life, motorcycle, pet, and RV insurance, Allied also provides additional insurance for condos, renters, and umbrella insurance.
Nationwide, one of the largest insurance and financial services companies in the world, offers a wide range of discounts to its policyholders. These include:
- Advance Quote
- Affinity Car Insurance
- Anti-theft discounts
- Usage-based insurance discounts
- Safety device discounts
- Multiple cars insured discounts
- Multiple policies insured discounts
- Good student discounts
On the other hand, Allied offers unique discounts that Nationwide doesn't, including:
- Multi-policies discounts
- Minor Violation Forgiveness
- Allied Rewards discounts
Both companies provide varied insurance options, strong financial ratings, and good customer service. However, Nationwide's broader range of discounts and larger, more diverse organization may offer more advantages to customers.
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Mobile app
In terms of mobile apps, both Allied and Nationwide Insurance offer apps for their customers. The Allied Mobile App, which is the same as the Nationwide Mobile App, is available for Android, iPhone, and iPad. The app allows users to access their accounts using fingerprint and facial login. With the Allied/Nationwide app, users can make payments, manage payment methods, and save or share ID cards with drivers on their policy. Users can also file a claim, check its status, and connect with roadside assistance.
The Nationwide app is also available through Apple Wallet for iPhone users.
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Mergers
In 1998, Nationwide merged with Allied Insurance and assumed responsibility for its independent agency network. The merger was the result of a definitive agreement providing for the acquisition of all of the shares of Allied Group by Nationwide at a price of $48.25 per share, totalling approximately $1.5 billion. The transaction ensured continued strong growth for both companies, with Nationwide ranking as a Fortune 100 company and one of the largest insurance and financial services companies in the world.
Allied Insurance, formed in 1929, and Nationwide offered similar insurance services, including auto, commercial, farm, health, home, life, motorcycle, pet, and RV insurance. Allied also offered additional insurance products such as condo, renters, and umbrella insurance. The merger allowed Nationwide to expand its geographical reach and diversify its distribution network by incorporating Allied's regional operations in Denver, Lincoln, Santa Rosa, and its headquarters in Des Moines.
The merger resulted in a combined national company with enhanced financial strength and a broader range of products and services. Allied Mutual policyholders' interests were converted into rights as Nationwide policyholders, benefiting from Nationwide's full range of insurance and financial services.
Following the merger, Nationwide continued to expand, acquiring other companies such as CalFarm Insurance in Sacramento, California, in 1999, and going public in 1997. The Nationwide Arena opened in 2000, and the company has since established itself as a leading provider of insurance and financial services, offering customizable protection for various products and services, including auto, home, Powersports, and personal umbrella coverage.
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Frequently asked questions
Allied Insurance was founded in 1929 and became part of Nationwide in 1998. Nationwide is a larger company, offering a full range of insurance and financial services across the country.
Allied provides insurance to individuals, families, and businesses. This includes auto, commercial, farm, health, home, life, motorcycle, pet, and RV insurance.
Nationwide offers a wide range of insurance products, including auto, home, life, commercial, farm, health, powersports, and personal umbrella insurance.
Allied offers some unique discounts such as Multi-policies, Minor Violation Forgiveness, Accident Forgiveness, and Allied Rewards. They also offer 12-month car insurance policies, while many competitors only offer six-month policies.
Nationwide is a well-known and established company with a strong reputation for superior customer service and community involvement. They offer a wide range of discounts and have a mobile app for easy access to billing and claims.
