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Compare Foremost Signature vs. Nationwide: Quotes, Discounts (2022)

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Courtney Roy

By: Courtney Roy

Edited by Thomas Fitzgerald

Last Updated June 26, 2022

Why you can trust Insurify

Insurify partners with top insurance companies and is a licensed agent in all 50 states. However, the insurance experts writing our content operate independently of our partners. Check out reviews from over 3,000 satisfied customers, how we make money, our data methodology, and our editorial standards.

Foremost Signature vs. Nationwide: A Summary

Foremost Signature is a leading specialty insurance company that started with a focus on protecting mobile homes and has since expanded to car insurance. And Nationwide is one of the top 10 largest car insurance companies in the country. Both companies have their relative advantages and drawbacks, so this article compares data from each to help you compare car insurance.

Insurance CompanyAvg. Monthly Car Insurance QuoteInsurify Composite Score
Foremost Signature$12882
Nationwide$10189
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

ICS Score Explanation:

The Insurify Composite Score (ICS) is a proprietary rating calculated by a team of data scientists at Insurify, weighing multiple factors that reflect the quality, reliability, and health of an insurance company.

Inputs to the score include financial strength ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.

Foremost Signature

Foremost Insurance Company was founded in Grand Rapids, Michigan, in 1952. In 2000, the Farmers Insurance Group acquired the company. The insurer now offers car insurance through its affiliate Bristol West. Its perks include motorcycle insurance, recreational vehicle insurance, and a mobile app with digital IDs and the company’s emergency contact information.

Pros

  • Superior rating for its hassle-free claims process

  • AARP-approved partner for motorcycle and mobile home insurance

Cons

  • More expensive than Nationwide in almost every category

Nationwide

Over the years, Nationwide has become a household name in car insurance. Millions of customers insure their homes, cars, and more with this company. It offers insurance products with benefits like roadside assistance, vanishing deductibles, and a 24/7 claims center. In addition, the SmartRide program incentivizes safe driving habits with added discounts.

Pros

  • Top insurer for safe drivers

  • Many options to reduce your rates through telematics programs

Cons

  • Below-average J.D. Power overall customer satisfaction rankings

Rating FactorForemost SignatureNationwide
FitchN/AN/A
A.M. BestAA+
Moody’sN/AA1
S&PN/AA+
J.D. Power868846

The Best Car Insurance Companies in 2022

RankCompany NameAverage Monthly QuoteInsurify Composite Score
1Clearcover
Best Overall
$13597
2Nationwide
Best for Safe Drivers
$19989
3American Family
Best for Families with Teen Drivers
$23489
4Safeco
Best for Drivers with Poor Credit
$18686
5Farmers
Best for Rideshare Coverage
$23985
6Foremost
Best for Hassle-Free Claims
$15982
7Liberty Mutual
Best for Accident Forgiveness
$24182
8Mercury
Best for Face-to-Face Service
$23281
9Progressive
Best for Senior Drivers
$14780
10Travelers
Best for Young Drivers
$16380
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Nationwide is a top auto insurance provider for safe drivers. If you haven’t had any accidents or tickets in the past three years, you may want to look into Nationwide. And the Foremost Signature claims process garners high ranks because the company tries to remove all the hassle. Furthermore, Nationwide and Foremost let you personalize your coverage options to match your needs.

Compare Foremost Signature vs. Nationwide: Which Is Cheaper?

Nationwide is the most affordable option across all areas the data measured unless you’ve had a DUI. Nationwide’s average monthly car insurance premium is $101, and Foremost Singature is $27 higher, at $128. However, Foremost may offer a cheaper deal for some people, so maybe get quotes from both.

The Cheapest Car Insurance Companies in 2022

RankInsurance CompanyAverage Cost Per MonthICS
1USH&C$44Not Rated
2Metromile$63Not Rated
3Direct Auto$64Not Rated
4Travelers$6580
5Kemper$71Not Rated
6Progressive$87Not Rated
7Mile Auto$9185
8National General$9358
9Clearcover$9497
10GAINSCO$94Not Rated
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Both companies miss the top 10 rankings, yet they still offer competitive rates to parts of the market. Foremost Signature is geared toward high-risk drivers, whereas Nationwide aims to be a one-stop source for insurance, asset management, retirement savings, and other investments. And both insurers try to reward customers who purchase more products than car insurance alone.

Compare Foremost Signature vs. Nationwide Car Insurance by Age

Why does your age matter for auto insurance quotes? Underwriters would say it’s significant for several reasons. For starters, older drivers are more experienced and creditworthy. Also, they tend to be homeowners and qualify for bundling discounts. All three factors help explain why older drivers pay much less than young people for an auto insurance policy.

Prices at Foremost Signature and Nationwide follow a similar pattern. Teens fork over the steepest insurance premiums and then costs progressively fall until drivers reach their retirement and golden years. Specifically, drivers in their 50s receive the lowest prices from both insurance providers. The lowest monthly premium for Foremost Signature is $109, while at Nationwide, it’s $75.

Age GroupForemost SignatureNationwide
Teen$345$278
20s$127$98
30s$116$107
40s$122$84
50s$109$75
60s$124$78
70s$143$90
80s$156$100
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Compare Foremost Signature vs. Nationwide Car Insurance by Gender

Your gender affects the price of your auto policy. Ordinarily, the price gap between men and women is small. Yet it can be significant with some insurers. For instance, young men are statistically riskier drivers than young women. As a result, men must hand over higher rates to account for the added risk.

There is a two percent pricing difference for women who pick Foremost, causing them to hand over $2 less than men monthly. But, at Nationwide, men pay $7 more per month than women, a seven percent gap. For context, the national averages for men and women differ by just one percent, which means men spend only $1 more. And both insurers cost more than the national average for both genders.

Which is cheapest for men?

Men who are looking for the best offer should give Nationwide a shot. At $105 per month, Nationwide is $24 less costly than Foremost, resulting in a savings of $288 per year. However, because both companies’ premiums are higher than the national average, men may wish to check Insurify to get a rate closer to the national average of $81 per month.

GenderForemost SignatureNationwideNational Average
Men$129$105$81
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest for women?

Women on a strict budget may want to try Nationwide, whose pricing is $29 less than Foremost’s, at $98 per month. The annual savings amount to $348. Despite both insurers soaring past the $78 per month national average, it can’t hurt to see what they offer along with their competition.

GenderForemost SignatureNationwideNational Average
Women$127$98$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Compare Foremost Signature vs. Nationwide Car Insurance by Mileage

Typically, your auto insurance prices will rise in direct proportion to the number of yearly miles you travel. It’s primarily due to insurers’ recognition that spending more hours on the road increases the likelihood of an accident. However, the pricing gap between different mileage levels is considerable at some auto insurance providers but not at others.

At Foremost, the price difference between those who drive the least and the most is only $2 monthly, a two percent difference. Conversely, at Nationwide, the drivers who spend the least time on the road actually pay the most by $4 per month, a four percent hike.

Which is cheapest for drivers with high mileage?

If your job requires a long commute or if you enjoy nothing more than riding on the open road, Nationwide may be the spot for you. Compared to Foremost, the insurer saves you $29 each month and $348 per year. So despite both companies outpacing the $78 per month national average, Nationwide is the most cost-effective option between the two.

Annual MileageForemost SignatureNationwideNational Average
15,000-20,000$127$98$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest for drivers with low mileage?

Nationwide is the more budget-friendly choice for those driving 10,000 miles or fewer. Nationwide’s $102 per month premium for 5,000 miles or less represents a savings of $23 per month versus Foremost. However, both companies are more expensive than the national average at both mileage levels.

Annual MileageForemost SignatureNationwideNational Average
5,000$125$102$78
10,000$127$98$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Compare Foremost Signature vs. Nationwide Car Insurance by Credit Score

Research has shown a link between good credit and safe driving. So insurance providers use credit when setting rates in every state except California, Hawaii, and Massachusetts, where the practice is prohibited. But even if your credit is imperfect, you can still secure a decent deal. Just head over to Insurify to uncover rates that fit virtually any budget.

The overall trajectories for Foremost and Nationwide are the same. And the national average mirrors the trend. Pricing climbs as credit tier goes down. At Nationwide, people with poor credit pay 54 percent more than those with excellent credit, compared to 57 percent at Foremost and 96 percent for the national average.

Which is cheapest for good credit?

Drivers with exceptional credit should check out Nationwide. You save $22 per month versus Foremost Signature if you have excellent credit, translating to $264 each year. And for those with good credit, choosing Nationwide means a $29 monthly deal and a $348 yearly price reduction. However, both companies land far above the national average for both credit tiers.

Credit TierForemost SignatureNationwideNational Average
Excellent$103$81$60
Good$121$92$71
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest for bad credit?

Those repairing or building their credit may want to try Nationwide. Nationwide is cheaper for drivers with average credit by $23 per month and $276 per year than Foremost. And, for people with poor credit, Nationwide puts $37 per month, or $444 per year, back into their pockets. Even so, both insurers exceed the national average.

Credit TierForemost SignatureNationwideNational Average
Average$125$102$78
Poor$162$125$120
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Compare Foremost Signature vs. Nationwide Car Insurance by Driving Record

Insurers usually assess your risk based on your driving record over the last three or five years. So, perhaps the simplest way to get a great bargain is to maintain a clean driving record. But suppose your driving record is peppered with mishaps. In that scenario, you’ll miss out on price breaks that could significantly affect your ultimate price, such as the safe driver discount.

Which is cheapest for good drivers?

For responsible drivers, Nationwide beats Foremost Signature. Customers save $276 per year by paying $102 per month instead of Foremost’s $125 per month. However, both firms fly past the national average of $67 per month, so getting quotes from several providers alongside these two is a promising idea.

Driver TypeForemost SignatureNationwideNational Average
Clean Record$125$102$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest after a speeding ticket?

Just think of speed traps, police officers’ quotas, and the occasional late morning, and it’s no wonder that some folks wind up with tickets. If you have a citation on your record, you should zoom over to Nationwide. The insurer’s rate is $25 per month cheaper than Foremost, amounting to $300 a year. That said, it’s still far pricier than the $88 per month national average.

Driver TypeForemost SignatureNationwideNational Average
Speeding Ticket$157$132$104
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest after an accident?

When accidents occur, immediate attention goes to injuries, car repair, and dealing with insurance adjusters. The increase in insurance rates usually doesn’t happen until it’s time to renew. When you have an at-fault accident on your record, Nationwide offers the lower price by $76 per month. Nevertheless, Nationwide is $55 per month costlier than the national average.

Driver TypeForemost SignatureNationwideNational Average
At-Fault Accident$230$154$113
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest after a DUI?

DUI car insurance prices are frequently so exorbitant that some people would rather choose Uber or Lyft instead of driving. However, before you opt for ridesharing, you may want to check out Foremost. Notably, this is the one place where Foremost beats Nationwide. Foremost saves you $39 per month, and it’s even cheaper than the $155 national average.

Driver TypeForemost SignatureNationwideNational Average
DUI$143$182$155
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

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Foremost Signature vs. Nationwide Car Insurance: What discounts does each offer?

Foremost Signature Discounts

  • Electronic payment
  • Go paperless
  • Homeowner
  • Multi-policy (bundling your car insurance coverage with homeowners insurance, renters insurance, or life insurance)
  • Multi-vehicle
  • Pay in full
  • Preferred driver
  • Safe driver

Nationwide Discounts

  • Accident-free
  • Anti-theft device
  • Automatic payments
  • Defensive driving
  • Good student
  • Multi-policy
  • Safe driver
  • SmartMiles
  • SmartRide
DiscountForemost SignatureNationwide
Accident-free
Anti-theft device
Automatic payments
Defensive driving
Electronic payment
Go paperless
Good driving
Good student
Multi-policy
Multi-vehicle
Pay in full
Preferred driver
Safe driver
SmartMiles
SmartRide

Our Methodology and How We Compared Foremost Signature and Nationwide

The car insurance quotes provided in Insurify’s insurance company comparison guides are based on the analysis of over 50 thousand insurance quotes from 500 ZIP codes nationwide. Insurify’s data science team performs a comprehensive analysis of factors car insurance providers weigh to calculate rates, including driver demographics, driving record, credit score, desired coverage level, and more to give representative samples.

Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating calculated by weighing multiple factors that reflect the quality, reliability, and health of an insurance company.

Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.

With the above insights and ranking methods, Insurify is able to offer car insurance shoppers a window into how insurance providers compare to one another in terms of both cost and quality.

Frequently Asked Questions

  • After a data-driven insurance review, Nationwide is the cheaper choice unless you have a DUI on your record. The average monthly rate at Nationwide is $101, and at Foremost, it’s $128. But your price will vary based on your driving profile, age, and location. For instance, rural areas in Texas or Florida have cheaper premiums than urban New Jersey or New York City.

  • According to the Insurify Composite Score, our internal rating system that factors NAIC customer complaints, financial strength ratings, and BBB reviews, Nationwide is the better company. However, Foremost has some insurance products that make a lot of sense for specific market segments. So, perhaps the best course of action is to see what both can offer.

  • Using a quote-comparison platform like Insurify is the simplest method to compare car insurance providers and find the best coverage options. In just a few minutes, you can get quotes from top insurers like these two, alongside others such as AIG, Allstate, Chubb, GEICO, The Hartford, MetLife, Safeco, State Farm, USAA, and Liberty Mutual Insurance Company.

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Courtney Roy
Courtney Roy

Insurance Writer

Courtney Roy is a financial and technology writer. He creates content that makes an actionable difference in the lives of his readers by helping them understand matters of personal finance. In addition to years of experience across multiple industries, Courtney has insurance licenses, a real estate license, and a degree in electrical engineering.

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