State Farm Auto Insurance Rating - State Farm is a good choice for insurance, especially if you buy multiple policies. The company sells a wide range of insurance products at lower than average rates, including auto, home, renters, condo and life insurance.
State Farm offers many car insurance discounts - including good student and good driver discounts - and customer service to make your life easier if something should happen.
State Farm Auto Insurance Rating
Bottom Line: If you're looking for low rates, reliable customer service, and a one-stop shop for all your insurance needs, you should consider State Farm.
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State Farm is well established in the United States - it is the largest auto insurance company in 33 states and the largest home owner insurance company in 39 states.
State Farm offers customers a wide range of products, including bank accounts, personal loans, investments, motorcycle, boat, small business, life and health insurance.
With a network of more than 19,000 agents, shoppers looking for a personalized experience with a local insurance agent are likely to find it at State Farm. That's in stark contrast to some of the other major insurers — notably Geico and Progressive — which have fewer agents to help you make better decisions about coverage.
State Farm is a good choice for those who prefer the convenience of managing their insurance policies online. The mobile app, which allows customers to pay their bills, make claims and request roadside assistance, has received positive reviews.
Compare Allstate, Geico, Progressive, State Farm
Based on the quotes we collected, State Farm auto insurance rates are an average of 44% lower than competitors' rates. The company quotes $417 per year for minimum coverage and $1,045 per year for a full coverage policy.
Drivers who take advantage of some of State Farm's discounts can pay less for car insurance.
Prices can vary significantly by region and driver, so the best way to get the lowest rates is to compare car insurance quotes.
Drivers looking for ways to lower their auto insurance payments can find a variety of discounts from State Farm, including two safe driver discounts that offer significant benefits.
Compare State Farm Vs Geico, Progressive, Allstate, Farmers
Have a homeowner's, renter's, condo or life insurance policy from State Farm in addition to your auto policy
This program is designed for under 25s to improve their driver education. Steer Clear includes course training, practice driving and mentorship. Your State Farm agent can help you navigate the program, which can be completed online or on a mobile app. The program is available in all states except California, Hawaii, Massachusetts, North Carolina and Rhode Island.
Drivers who enroll in the Drive Safe & Save program receive an automatic discount on auto insurance rates for signing up. This program uses data from your vehicle's OnStar system or the Drive Safe & Save mobile app to track your driving habits. State Farm will use this information at each policy renewal to determine how much you can save—which can be as much as 50%.
State Farm offers customers all standard auto insurance coverage, including liability insurance, uninsured/underinsured coverage, collision, comprehensive insurance and personal injury protection.
State Farm Auto Insurance Review 2022
It also offers some other valuable policy add-ons such as rental car, travel expense cover and ride share insurance.
Pay for towing, locksmith work, delivery of gas, oil, a new battery or tire change if your car breaks down
It covers the cost of a rental car while yours is being repaired and some expenses if your car breaks down while you're on the road
While rental car insurance is a common optional coverage among insurers, State Farm's coverage goes above and beyond by paying up to $500 for a hotel, transportation and meals if your vehicle is damaged while you're away.
State Farm Homeowners Insurance Review 2022
To use travel expense coverage, your car must be undriveable due to an incident covered by your comprehensive or collision insurance.
If you drive for Uber or Lyft (part-time or full-time), you must purchase a separate rideshare insurance policy. State Farm offers rideshare insurance that extends the coverage of your personal auto insurance policy while you work. Typically, adding rideshare coverage to your insurance policy increases your rates by 15% to 20%.
In 2022, State Farm partnered with Haggerty to offer coverage called State Farm Classic+. State Farm previously offered classic car coverage, but Haggerty is an industry leader in that area. The companies hope to offer coverage in all states by 2023.
State Farm considers a car classic if it is between 10 and 24 years old and has historical interest - for example, a hot rod or muscle car.
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Classic car cover is usually built around value insurance, where the owner and the company agree a certain value for the vehicle. Classic cars are more difficult to repair, so it often makes sense to have an insurer with specialist knowledge.
State Farm's homeowners insurance rates are very competitive - 16% lower than average across various home coverage amounts.
Insurance rates may vary by region and property. We recommend collecting several quotes to ensure you get the best rate.
State Farm offers all the homeowner insurance coverage you would expect from a national insurer, such as personal liability, medical payments, and residential coverages. The company also offers the following optional coverages:
The Cheapest Car Insurance Rate Depends On More Than The Car You Drive
The Premier Service Program is an optional service that connects you with participating contractors who can provide roof and floor repair and replacement, water removal services and more. This program will be beneficial because repairs are guaranteed for up to five years. However, it is not yet available in all locations.
Getting an online quote for renters insurance from State Farm is easy and fast - we were able to collect several quotes in less than 10 minutes.
State Farm Renters Insurance offers all the standard coverage options you'd expect from a major insurer with some additional options to customize your policy.
If someone in your home is injured or you damage property, even if you are at fault, your personal liability coverage can pay for legal fees and repairs.
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Reimbursement is provided for living expenses such as a hotel, meals and moving if your home is damaged.
For $25 per year, State Farm identity restoration coverage provides case management and expense reimbursement if your personal information is stolen. Plus, you get credit monitoring to reduce the risk of your information being stolen.
If thieves hijack your identity and commit theft or fraud, State Farm will assign you a case manager to work with your credit card company, bank and credit bureaus to restore your identity.
State Farm will reimburse you up to $25,000 for the cost of recovering your identity and resolving any lawsuit. You can get up to $15,000 in coverage if you are a victim of ransomware.
How Much Does Car Insurance Cost On Average?
Customers can expect better than average customer service at State Farm. JD for overall customer satisfaction, claim satisfaction and shopping experience. The company received a high score from Power.
It is important to choose an insurer with a good customer service reputation, because it will make your life easier when you have to make a claim by making quick decisions and helping to fix the damage quickly.
According to the NAIC Complaint Index, State Farm receives fewer complaints than a typical insurer of its size.
The National Association of Insurance Commissioners (NAIC) Complaint Index measures the number of complaints a company receives relative to the size of its customer base. State Farm scored 0.74 for home and renters insurance and 0.97 for auto insurance — below the average of 1.0.
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State Farm received an A++ financial strength rating from AM Best, the highest rating an insurer can receive.
A high rating means consumers don't have to worry about whether their insurance company has enough funds to pay claims. This does not mean that State Farm is more likely to accept an insurance claim, just that it has enough funds to pay settlements.
State Farm's online claims process is efficient and informative. Policyholders can submit auto, home, renter, health, life and business claims through the company's website or its app. The online claim process takes about 10 minutes to complete, after which you can easily track your claim.
Consumers can also make claims over the phone. If you work with an agent, you can make a claim through your local office during business hours. You can also call the numbers below.
State Farm Steer Clear Review
State Farm is a good insurance company - we gave it an overall rating of 4.5/5. The company has the cheapest auto and home insurance rates and the best rental insurance rates we've found. It also has a reputation for reliable customer service and financial stability, which is important when using your insurance and filing a claim.
State Farm offers health insurance along with many insurance products including life, disability, liability, small business and pet.
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