Have you ever questioned whether State Farm Insurance is a good fit for you? Here in “State Farm Insurance Reviews,” we delve deeply into the company’s reputation, policy alternatives and client experiences.
We’ll go over everything, including frequent grievances regarding State Farm’s customer service and the advantages of their homeowners’ and auto insurance.
This guide will give you all the information you need whether you’re searching for reasonable rates, all-inclusive coverage, or are just inquiring about what makes State Farm different from other insurance companies.
State Farm Insurance Review
Based on user reviews, sample insurance quotes and ratings from companies like AM Best, which awarded State Farm an exceptional A++ rating, WalletHub’s editors gave State Farm insurance a 4.1/5 rating.
Customer reviews of State Farm typically highlight the company’s competitive pricing and excellent customer service.
Nevertheless, the vehicle insurance provider has a higher NAIC rating (1.18) than the norm, indicating that it has also received more complaints.
State Farm Insurance Ratings
- Reviews on WalletHub: 3.2/5
- AM Best: A++
- J.D. Power: 4.2/5
- NAIC: 1.18
- BBB: A+
- S&P: AA
- Moody’s: Aa1
Is State Farm a Good Insurance Company?
Yes, State Farm is a reputable provider of insurance. State Farm receives a 4.1/5 from WalletHub editors because of its generally speedy claims inspection and payout procedure, large discounts, extensive range of insurance kinds and coverage options, attentive customer service.
Though some auto insurers offer more comprehensive coverage options, State Farm’s menu more than enough covers the ins and outs of a policy. State Farm is best recognized for its auto insurance.
However, State Farm has a track record of occasionally attempting to evade paying claims and encouraging clients to utilize the company’s favored repair shops, which has somewhat detracted from its ratings.
State Farm Car Insurance Review Highlights
Rank: Based on WalletHub’s price comparison, this big vehicle insurance company is in the third cheapest quartile of all major providers.
Top Discounts: up to 25% off for good students, up to 20% off for multiple auto, 5% off for Drive Safe & SaveTM, and up to 15% off for Steer Clear® young-driver monitoring.
Basic Coverage Options: Comprehensive, collision, uninsured/underinsured motorist, medical payments, personal injury protection, bodily injury liability, and property damage liability.
Additional Coverage: payment for travel expenses, reimbursement for automobile rentals, and emergency roadside assistance.
Policies for sports cars, antique cars, and business cars are within the category of other specialty auto insurance.
State Farm Car Insurance Quotes
| Sample Age | Average Quote |
| 18-Year-Old | $123 per month |
| 21-Year-Old | $84 per month |
| 45-Year-Old | $60 per month |
| 45-Year-Old with a Speeding Ticket | $91 per month |
| 45-Year-Old with DUI | $187 per month |
| 55-Year-Old | $57 per month |
| 65-Year-Old | $47 per month |
Is State Farm Car Insurance Expensive?
State Farm is one of the most affordable auto insurance companies in the nation, with an average annual premium for full coverage that is almost 17% less than the national average, according to information we obtained from Quadrant Information Services.
Also, compared to the national average, its minimal liability coverage is 17% less expensive. We’ve included a cost comparison of theirs with competitors below.
State Farm Car Insurance Prices For Teens
State Farm offers some of the cheapest insurance for teen drivers, sitting around 27% lower than the national average, which is $7,581 for 16-year-olds. Here’s a look at average monthly and annual cost estimates for State Farm broken down by age:
| Age | State Farm Average Monthly Cost | State Farm Average Annual Cost |
| 16 | $460 | $5,514 |
| 17* | $310 | $3,714 |
| 18* | $278 | $3,340 |
| 19* | $244 | $2,924 |
State Farm Car Insurance Prices For Young Adults
State Farm offers cheaper insurance for young adults — it’s about 16% cheaper than the national average, which is $2,336 for 25-year-olds. Compare average pricing below:
| Age | State Farm Average Monthly Cost | State Farm Average Annual Cost |
| 21* | $194 | $2,322 |
| 25 | $163 | $1,952 |
State Farm Car Insurance Prices For Adults
State Farm has cheaper rates than the national average for those between the ages of 35 and 55. Below, you can compare average pricing:
| Age | State Farm Average Monthly Cost | State Farm Average Annual Cost | National Average Annual Cost |
| 35 | $138 | $1,657 | $2,008 |
| 45 | $136 | $1,628 | $1,923 |
| 55 | $128 | $1,534 | $1,767 |
State Farm Car Insurance Prices For Seniors
State Farm offers the fourth cheapest car insurance for seniors based on our cost analysis. Below you can find average rates:
| Age | State Farm Average Monthly Cost | State Farm Average Annual Cost |
| 65* | $113 | $1,353 |
| 75* | $127 | $1,520 |
State Farm Car Insurance Prices by Driver Profile
Here are a few more State Farm cost estimates that apply to different types of 35-year-old drivers, including quotes for car insurance with bad credit and problematic driving records:
| Driver Profile | State Farm Average Monthly Cost | State Farm Average Annual Cost | National Average Annual Cost |
| Good credit and driving history | $138 | $1,657 | $2,008 |
| Poor credit | $375 | $4,505 | $3,829 |
| Speeding ticket | $156 | $1,872 | $2,508 |
| One recent accident | $163 | $1,953 | $2,919 |
| DUI conviction | $183 | $2,194 | $3,431 |
State Farm Car Insurance Reviews: Reddit
Reddit isn’t known as a primary source for insurance reviews, but you’ll find plenty of auto coverage discussion on the news aggregator site.
State Farm customers on the platform often note the company’s affordable rates. The availability of local agents is also a common point of praise from State Farm customers on Reddit.
Why Choose State Farm?
The company sells a number of distinctive coverage options and add-ons, such rideshare insurance and roadside assistance.
In most jurisdictions, its usage-based insurance scheme is designed to assist novice drivers in receiving rate reductions of up to 30%. Additionally, it has shown excellent customer service.
Where State Farm Falls Short
Even while State Farm offers reasonably priced auto insurance, it isn’t the lowest option available, particularly for people with poor credit.
Furthermore, it excludes choices for trip disruption benefits, mechanical breakdown insurance, and coverage for a new automobile replacement. We requested a statement from State Farm, but we never heard back.
State Farm Insurance Comparison
| Comparison | State Farm Rating | Competitor Rating | Bottom Line |
| State Farm vs. Geico | 9.4 | 9.1 | State Farm provides more perks and coverage possibilities, while Geico is more widely available. |
| State Farm vs. Allstate | 9.4 | 8.8 | While both businesses provide similar coverage, State Farm is more reasonably priced. |
| State Farm vs. Liberty Mutual | 9.4 | 9 | State Farm provides a better overall customer experience than Liberty Mutual. |
| State Farm vs. Progressive | 9.4 | 9 | Progressive coverage policies are typically more expensive than State Farm policies, despite providing equal benefits. |
| State Farm vs. Farmers | 9.4 | 8.6 | While both offer excellent customer reviews, State Farm’s telemetry program and rates are superior. |
| State Farm vs. Nationwide | 9.4 | 9.1 | State Farm drivers enjoy a greater level of customer service, even though Nationwide offers a fantastic usage-based insurance scheme. |
| State Farm vs. USAA | 9.4 | 9.2 | Although USAA has the lowest rates, not all drivers can obtain it, unlike State Farm plans. |
State Farm Home Insurance
State Farm ranks among our top picks for the best homeowners insurance options, earning the distinction of being Our Pick for New Homeowners.
Our research shows that State Farm home insurance generally costs less than the national average, depending on where you live.
State Farm Homeowners Insurance Quotes
State Farm’s average yearly premium is $201.82 cheaper than average homeowners insurance rates making it the 4th cheapest home insurance company in the U.S.
We reached out to State Farm for home insurance quotes to give you a better idea of how much coverage may cost in your area:
| Location | Home Square Footage | Monthly Cost | Total Cost Per Year |
| Mckinleyville, Calif. | 1,344 square feet | $63 | $756 |
| Charlotte, N.C. | 1,595 square feet | $111 | $1,330 |
| Mechanicsburg, Pa. | 2,144 square feet | $107 | $1,280 |
| Schertz, Texas | 2,346 square feet | $182 | $2,181 |
| Richmond, Va. | 2,112 square feet | $95 | $1,137 |
State Farm Home Insurance Discounts
State Farm provides fewer options for policy discounts when compared to its rivals. They provide the following discounts on home insurance:
- Multi-line discount: State Farm offers savings of up to $1,073 when you combine your vehicle and house insurance policies. The policies you bundle will determine which discounts apply.
- Discount on home security insurance: If you installed a burglar, fire, or smoke alarm, or any other kind of monitoring system in your home, you might be eligible for a discount on your home insurance.
- Discount for roofing: Your house insurance rate may be lowered if your roof is equipped with impact-resistant roofing materials, such as class four or hail-resistant shingles.
State Farm Home Insurance Coverage
After a covered event, home insurance policies aid in the preservation of your house and its belongings.
A typical State Farm home insurance policy includes six standard coverages. Among them are:
| State Farm Home Insurance Coverage | Description |
| Dwelling | This includes your home’s physical structure as well as any additional buildings that are connected to it. |
| Other structures | This option also protects other structures on your property, including a tool shed, greenhouse, pool house, or detached garage. |
| Personal property | This includes everything that’s inside your house, such clothing, appliances, and furniture. |
| Loss of use/additional living expenses | This insurance assists in covering lodging, meals, and other costs in the event that a covered disaster damages your home. |
| Personal liability | This helps shield you from lawsuits for property damage or bodily injury in the event that someone is hurt on your land. |
| Medical payments | This covers any harm that someone else sustains while on your premises. |
Additional State Farm Home Insurance Policies
Additionally, State Farm provides these supplemental home insurance plans:
- Personal liability umbrella policy: By adding this option, your personal liability coverage is increased. Personal liability coverage under home insurance plans usually ranges from $100,000 to $500,000. However, a personal liability umbrella policy may cover up to $1 million.
- Flood insurance: Direct losses brought on by flooding are covered by this insurance add-on.
- Earthquake insurance: Your home, possessions, and other structures on your property may sustain some losses or damage from earthquakes. This add-on insurance covers some of these costs.
The company provides insurance coverage for RVs and other motorhomes in addition to these add-ons. They were recognized as the Best for Local Service and as the sixth-best RV insurance provider by us.
State Farm Renters Insurance
State Farm came in third place and was named Our Pick for Affordable Premiums among our selections of the top renters insurance providers.
The organization has excellent customer service ratings and provides a wide range of coverage options at a fair price.
State Farm Renters Insurance Cost
Our analysis shows that State Farm’s renters insurance is reasonably priced, with an average monthly premium of $11. It is the most affordable renters insurance provider in the US thanks to its pricing.
Your location, the size of your property, the extent of coverage, and other factors will all affect the quotation you receive.
State Farm Renters Insurance Discounts
Renters insurance-specific discounts are few at State Farm.
You can only receive discounts if you combine numerous insurance and upgrade your home’s security systems. For less money, you can also select a greater deductible.
State Farm Renters Insurance Coverage
The basic coverage options for State Farm renters insurance are compared below:
| Renters Insurance Policy | Coverage Details |
| Personal property | This offers protection against damage to items like electronics and furnishings in the event of a covered loss. |
| Loss of use | If you are displaced from your rented home and it is left uninhabitable, you’ll be covered. |
| Personal liability | This covers you in case someone is hurt on your property and needs payment for injuries or damages. |
Additional State Farm Renters Insurance Policies
Additional coverages are available for your State Farm renters insurance policy to customize:
- Identity restoration: This shields you against fraud, identity theft, and cyberattacks.
- Additional business property: Your organization is covered by this extra protection for matters that are specifically related to business owners.
- Incidental business liability: This coverage provides extra defense against allegations that a professional service provider provided a mistake or omission.
Is State Farm Life Insurance Good?
According to our analysis, State Farm is the sixth-best life insurance provider. Compared to other carriers, the company’s life insurance products are far more reasonably priced.
Even though they don’t have the widest range of coverage options, you can still obtain decent coverage with some of the best customer support available.
State Farm Life Insurance Online
Online purchases of three different kinds of life insurance policies are available from State Farm. These are the following:
- Term life insurance: This offers protection against death for a predetermined amount of time, or term, usually between 10 and 30 years. For a comparatively tiny premium, it can be acquired in bulk for immediate objectives like as loan repayment or supplementary security for your growing family.
- Whole life insurance: Should something unforeseen occur, your family may benefit from this coverage. The guaranteed death benefit assists a family in meeting their schooling or mortgage expenses in addition to helping to replace their lost income. These regulations increase tax-free cash worth.
- Purchasing universal life insurance gives you a customizable approach to safeguard your loved ones and accumulate tax-deferred cash value.
FAQs – State Farm Insurance Reviews
Is it better to own an Allstate or State Farm?
We rate State Farm’s cost in our 2023 assessment at 9.3 out of 10.0, whereas Allstate only scores a 7.4. The following graphic illustrates how State Farm’s average annual rate is substantially lower than the national average, while Allstate’s is noticeably more.
Why are State Farm rates so high?
The reason State Farm is so costly is that, as insurers’ expenses rise, auto insurance is becoming more and more expensive in general. However, the average State Farm auto insurance policy is actually less expensive than most competitors’ policies, costing just $718 annually. State Farm is actually among the most affordable auto insurance providers in the country.
Why is State Farm dropping customers?
State Farm announced that, among other things, it is discontinuing coverage in places where there is a risk of wildfire and is eliminating insurance throughout California for financial reasons. An official from the corporation declined to provide more details about how it chose which residences to abandon.
Are State Farm rates negotiable?
You cannot request a rate reduction from your auto insurance provider because auto insurance costs are non-negotiable. On the other hand, there are a few strategies to locate cheaper rates. Examine quotations from several insurance providers. While states control auto insurance premiums, various providers charge different amounts.
Why are State Farm cancelling policies?
The biggest insurance provider in California, State Farm, an Illinois-based business, announced last month that it would not be renewing the policies of thousands of houses due to rising costs and the likelihood of natural disasters like wildfires and out-of-date rules.
What causes State Farm insurance to go up?
Multiple Reasons Are Given for the Rate Increases
The following variables are mostly responsible for the losses and the corresponding premium increases: The rate of inflation is still greater than average. The cost of components and labor for repairs has increased. The expense of healthcare has increased.
Is State Farm getting out of banking?
A strategy to restructure State Farm’s operations without using banking services has been made public. State Farm, situated in Bloomington, is exiting the banking industry. Plans for U.S. Bank to assume control of current credit card accounts and deposits were disclosed by the business on Thursday. The fifth-biggest bank in the country is U.S. Bank.