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Corrosion is one of the biggest problems which affects the economy of the country, which occurs as a result of the interaction of the metal with its surroundings. One of the easiest ways to prevent corrosion is coatings of the metals with paint, plastic or wood. Several types of coatings have been adopted by corrosion scientists in the prevention of corrosion that are mainly based on electrochemical principles. Fortunately, based on cost and effectiveness, four types of coatings are variably employed by the metal and metallurgy industries. One among the cheapest and effective way to prevent corrosion is to use barrier coatings like plastic, powder and paint. Hence, nanocomposite coatings by electrochemical deposition offers an excellent, scratch and corrosion resistance on the metal surface. These coatings may be used to restoration of the components instead of interchanging them, resulting in reduced maintenance costs and disturbance. Significant improvements in the corrosion protection of steel have been reported by using metal-metal matrix, metal-metal oxide matrix, metal-polymer matrix, and ceramic-metal matrix nanocomposite. This review presents an overview of works related to nanocomposite coatings and to re-evaluate the literature for the future research in the field that still lacks validation.