Out of all the products offered by State Farm, its car insurance policy is possibly the most popular. Aside from the basic liability coverage, State Farm offers various additional options to strengthen your policy and provide better protection. Whether you have a budget car or a luxury vehicle, State Farm has you covered with diverse coverages and a variety of discounts.
Some of the best-known car insurance coverages from State Farm include:
State Farm car insurance is generally affordable for most drivers. As gathered from Quadrant Information Services, the average full coverage policy with State Farm costs $1,457 per year and the average minimum coverage policy costs $539 per year. For comparison, the national average full coverage policy costs $1,674 per year and the national average minimum coverage policy costs $565 per year.
However, drivers should keep in mind that these are simply average rates. Car insurance quotes are personalized and your premium will vary based on factors like where you live, your ZIP code, your age, credit score and claims history.
Some of the ways State Farm car insurance allows you to save on premiums include:
Unlike State Farm’s car insurance policies, its home insurance is fairly standard. State Farm home insurance may be good for those who want an affordable policy with the ability to talk to a real person for assistance. State Farm offers a unique fire safety program through its partnership with Ting. Policyholders may be eligible for a free device that monitors a home’s electrical systems and alerts owners to issues before they can cause a house fire. Even though the coverages are standard, policies are generally well received across the industry by consumers and critics alike.
Typical coverage options from State Farm include:
The average State Farm home insurance policy costs $1,503 per year for $250,000 of dwelling coverage. In the United States, the average homeowner pays $1,312 per year for home insurance, which means State Farm is more expensive than the national average rate. However, home insurance policies are priced based on personalized factors like ZIP code, credit score, endorsements, discounts and policy limits, and some of these may make your premiums lower.
The following are some of the home insurance discounts available from State Farm:
If you do not own your house but still want to ensure the safety of your possessions, State Farm offers renters insurance. It is a basic policy but enough to provide protection to you and your personal property in the event of a disaster.
State Farm renters insuranceusually provides coverage for:
State Farm has few discounts for renters insurance. The ones offered are:
The State Farm life insurancedivision provides a broad variety of life insurance offerings and a few learning tools and calculators to help you learn more about why you would need life insurance, how much coverage you may need and which type would be best for you.
Getting a State Farm life insurance quote online is simple. Enter your state, choose the type of coverage you would like and enter your height and weight for an estimate of how much a policy would cost. There are no discounts available for life insurance. State Farm multiple line discounts only apply to auto insurance premiums.
The life insurance policies available from State Farm are:
According to the J.D. Power 2020 U.S. Auto Claims Satisfaction Study, State Farm earned a score of 881 out of 1,000 points. However, the carrier did rank below the industry average in the J.D. Power 2021 U.S. Property Claims Satisfaction Study, with a score of 880 out of 1,000.
As for State Farm reviews for life insurance, the insurer ranks high. State Farm took the top spot in the J.D. Power 2020 U.S. Life Insurance Study, with a score of 838 out of 1,000 points.
State Farm also holds an A++ financial rating from AM Best, a credit rating agency that scores the financial strength of providers and the ability they would have to pay claims. However, the National Association of Insurance Commissioners reports higher than average customer complaints.
According to State Farm reviewsfrom Consumer Affairs, many policyholders enjoy how easy it is to file a claim online or even from their phone. Others find it convenient to be able to talk to their local agent. Customers tend to like State Farm’s discounts for safe drivers, including teen drivers.
Even though State Farm does not always have the lowest rates, it is a company worth considering because of the large number of discounts it offers customers and the wide network of local agents for a personalized service. Being a large insurer, State Farm is also available in most areas of the country.
With a high-tech app and several online tools for easy document viewing, payments, and customer support, State Farm makes it convenient for the busy customer to manage their policy on the go. Financially stable, well-rated, and widely acclaimed for customer service, State Farm is one of the top insurers around today.
Customers who choose State Farm can bundle their insurance with one or more of the following types of insurance coverage: