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A giant of the insurance industry, State Farm has better-than-average ratings and could be a great fit for auto and home insurance.
Founded in 1922, State Farm is the most popular insurance provider in the United States. Currently, State Farm holds over 9% market share in property and casualty insurance — a larger share than other major insurance companies, such as GEICO, Allstate, Progressive and Liberty Mutual.
Is this popular insurance company worth considering for coverage? Consult our impartial State Farm insurance review where we analyze rates, coverage options, discounts, special features, and more to explore everything you need to know before shopping and finalizing a State Farm policy.
State Farm dominates in the auto insurance space with over 16% market share, with coverage spanning throughout the U.S. Those who prefer a more personal experience can easily get in contact with State Farm's network of agents. This popular insurance company also boasts good ratings from reputable third parties, with positive assessments of its customer satisfaction and financial outlook.
Coverage options and discounts for State Farm car insurance are comparable with other large companies — but those looking for a larger selection of add-ons could be found wanting. Still, we found that State Farm's average car insurance rates are lower than those of many of its competitors.
State Farm auto insurance is available in 50 states and Washington, D.C.
Standard coverages for liability, collision, comprehensive, uninsured/underinsured motorist and medical payments are provided by State Farm. Detailed below are some optional coverages that can be added to a State Farm auto policy.
This is State Farm’s roadside assistance package and pays for reasonable expenses if your vehicle breaks down. It covers up to one hour of the mechanical labor (at the breakdown site), towing to the nearest repair location, lockout services, and delivery of gas, oil, battery or change of tire.
This coverage will extend your car’s coverage while you’re driving for companies like Uber and Lyft. With State Farm’s rideshare coverage, all of your personal coverage transfers when you’re working — even your roadside assistance coverage.
State Farm’s rental car coverage pays for a rental vehicle while your car is in the shop after a collision or comprehensive claim. Coverage for travel expenses covers your lodging, food, and transportation if you’re stranded after an accident more than 50 miles away from your home.
One of State Farm's major selling points is its local agents. State Farm offers personalized insurance advice and on-demand customer service. If your local agent’s office is closed, State Farm offers service through its 24/7 call center.
Many of the car insurance discounts on offer from State Farm are garden-variety, but they can add up to a sizable amount of savings.
There are two telematics programs from State Farm that can help lower your rate.
Drive Safe & Save is State Farm’s usage-based insurance program. Drive Safe & Save utilizes a telematics device to track the way you drive and determine your premium. If you exhibit good driving habits, you can earn as much as 30% off your State Farm insurance premium.
Aimed at teens and young drivers younger than 25 with no at-fault accidents or moving violations within the past three years, State Farm claims drivers can save up to 15% by enrolling in Steer Clear. This program combines telematics with driver education to encourage good driving habits in young drivers.
Using our methodology, we compared average premiums from State Farm and the company's competitors.
|Insurance Company||Average Monthly Cost|
|Insurance Company||Speeding Ticket||At-Fault Accident||DUI|
There are 39 states — plus Washington, D.C. — in which State Farm car insurance is among the top three cheapest companies.
If you need more than one policy, bundling is a great option for saving some money. State Farm offers many lines of insurance to choose from, though bundling auto and homeowners insurance remains the most popular option.
If you're looking for a robust selection of coverage add-ons, State Farm's homeowners insurance could be of interest. It allows homeowners a number of options that would extend their coverage in a variety of ways — but be prepared to pay for it.
Our assessment found that State Farm's average rates are on the higher side, and there are only four discounts for home insurance. In short, while this company's home insurance has the backing of favorable ratings, those looking for an average, no-frills home insurance policy without specialized endorsements could get a cheaper rate by looking for an alternative.
State Farm homeowners insurance is available in 50 states and Washington, D.C.
Along with standard coverages for your dwelling, personal property, liability, and more, State Farm offers quite a few additions that can be added to a homeowners policy. The availability of these options may vary by state.
State Farm will provide case management and expense reimbursement if your identity is stolen or used fraudulently.
If you're an HOA member, this coverage will cover losses that the HOA passes to its members.
This covers bodily injury and property damage liability for those in certain occupations.
If someone is providing adult care services in your home, this coverage protects against bodily injury and property damage.
If you have an incidental office, professional or private school or a studio within the insured property, this covers bodily injury and property damage liability.
This provides liability coverage specifically for registered nurses, licensed practical nurses and licensed vocational nurses.
This coverage extends to structures located off-premises.
If you have detached structures, like a shed or garage, this coverage will increase your limit.
If you're legally obligated to pay for personal injury offenses, this coverage steps in to defend your liability.
This covers rented property or items held for rental in your home, including cases of burglary.
Homeowners who rent out their homes for special events can add this endorsement to secure broader theft and liability coverage.
If your dwelling has been unoccupied and devoid of home contents for over 30 days, this coverage protects the property against vandalism and glass breakage.
This coverage pays for your liability should you become responsible for property damage caused by your waterbed.
The number of discounts on homeowners insurance from State Farm is slim compared to competing companies — and may not be available in some states.
Our rate analysis below compares average costs among some of America's top providers of homeowners insurance.
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There are seven states in which State Farm is among the top three cheapest options for homeowners insurance:
State Farm may have the great benefit of local agents, but those looking to shop independently can easily get quotes through State Farm's website. Other features of the site include:
The State Farm mobile app (available for Apple and Android) allows many of the same functionalities, but also adds the ability to get roadside assistance and connect with an agent.
Learn more about State Farm at statefarm.com.
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