Alex Bowman and Nationwide Insurance will be with Hendrick Motorsports through 2020, the team announced Thursday.
Bowman signed a one-year extension with the team, while Nationwide entered an two-year extension to sponsor the No. 88 Chevrolet in 20 races in 2019 and 2020.
The company is the primary sponsor for 19 races this season.
The news comes four days after Bowman, 25, placed third at Pocono Raceway for the best finish of his Cup career.
Bowman, who has 102 career starts, is in his first full season with Hendrick after replacing Dale Earnhardt Jr. in the No. 88.
Nationwide joined Hendrick as a corporate sponsor in 2014 and was a primary sponsor of Earnhardt from 2015-17.
“Having this kind of support is incredible,” Bowman said a press release. “From Nationwide and our other partners to Mr. Hendrick, (crew chief) Greg (Ives) and all my teammates, I feel very fortunate to be in such an awesome position. We have an opportunity to have a lot of success together. To hear a sponsor like Nationwide and a team like Hendrick Motorsports say I’m their guy gives me a ton of confidence and motivation to go out there and deliver results.”
Bowman has been a member of the Hendrick organization since Oct. 2016 when he signed during his tenure as a substitute driver for Earnhardt, who missed the final 18 races of the season due to a concussion.
“We have such a strong partnership with Nationwide,” said Rick Hendrick in the press release. “From doing great things in the community with Nationwide Children’s Hospital to driving significant value back to their business, it’s truly impressive to see how they consistently make the maximum impact with their racing program. We appreciate the incredible relationship with their whole team and look forward to more great things in the coming years.
“Alex has the talent to win races and compete for championships. He and Greg are clicking, and we have a lot of confidence in what they will accomplish together. From our driver and team to our sponsors, we have an exciting No. 88 program that’s set for the foreseeable future.”
Through 21 races this season Bowman has two top fives and eight top 10s along with earning the pole for the Daytona 500.
He is 15th in the point standings with five races left in the regular season.