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With average annual rates of $1,481 for full coverage and $543 for minimum coverage, State Farm is one of the cheapest insurance companies in the country.
How Much Is Full Coverage Insurance State Farm
By: Daniel Robinson Author: Daniel Robinson Author Daniel is a coaching group writer and author in the U.S., U.K. and has written for many automotive news sites and marketing agencies in Australia, specializing in automotive finance and car maintenance topics. Danielle is a mentor group authority on car insurance, loans, warranty options, car service and more.
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Edited by: Rashaan Mitchner Edited by: Rashaan Mitchner Managing Editor Rashaan Mitchner is a guidance editor with over 10 years of experience covering personal finance and insurance topics.
Not only is State Farm the largest auto insurance provider in the United States, the company also offers the most affordable average rates for a wide variety of drivers across the country. The insurer's average rate for full coverage auto insurance hours is below the statewide average in 36 of the 48 states it serves and Washington, D.C. Its affordable coverage is one of the many reasons why we rank State Farm as one of the best auto insurance companies.
In this article, we at the Guide team will look at the average state farm car insurance costs for various driver profiles. Whether you're looking for cheap car insurance or more comprehensive coverage, we'll point you in the right direction.
The Guide Team is committed to providing reliable information to help you make the best decision about insuring your vehicle. Because consumers trust us to provide objective and accurate information, we have developed a comprehensive rating system to create the best car insurance company ratings. We collect data from dozens of auto insurance providers to rank companies based on various ranking factors. After 800 hours of research, the final result is an overall rating for each provider, with the insurer with the most points at the top of the list.
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Our research shows that drivers with a clean driving record and good credit history pay an average of $1,481 a year, or $123 a month, for full coverage auto insurance from State Farm. On average, State Farm customers pay $543 a year, or $45 a month, for a minimum liability insurance policy with the same driver profile. The average cost to insurers for full and minimum coverage is lower than the national average.
Full coverage from State Farm is about 14% cheaper than the national average at $1,730 a year, or $144 a month. A full coverage auto insurance policy meets minimum property damage and bodily injury requirements and includes collision and comprehensive coverage. This coverage provides protection to your vehicle in the event of an accident, weather event, vandalism or other damage.
Because full coverage policies offer more coverage, they come at a higher cost than minimum coverage. They have to be rejected before paying the policy.
State Farm offers an affordable minimum coverage rate that is 14% lower than the national average of $635 per year or $53 per month. This type of coverage, also known as liability coverage, meets all state minimum car insurance requirements and helps cover property damage and medical bills for other parties when you cause an accident.
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See how State Farm's minimum coverage costs compare to other leading insurance providers.
Age is one of the most important factors used to determine car insurance rates. Teen and young adult policyholders typically pay higher premiums than their older policy counterparts.
Speeding tickets, DUIs and accidents can raise your State Farm car insurance premium by 20% or more. See below how accidents and violations can affect rates.
State Farm offers average rates for comprehensive auto insurance policies in 36 of the 48 states and Washington, D.C. falls below the statewide average, making the company a top choice for affordable auto insurance coverage.
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State Farm offers many savings opportunities to make car insurance premiums more affordable. In addition to lower-than-average insurance premiums, State Farm customers can take advantage of company discounts, including:
Telematic insurance plans are becoming a popular way to save. This usage-based insurance plan allows drivers to earn insurance discounts as a reward for good driving habits.
With State Farm's Drive Safe & Save™, customers receive a Bluetooth device to plug into their vehicle. The device monitors driving behavior such as acceleration, braking and cornering. Those who practice safe driving habits while on the road can save up to 30% on current insurance premiums.
Teen and young adult drivers can receive discounts by participating in State Farm's Steer Clear ® training program. Drivers take lessons, watch videos on safe driving habits and take quizzes on the Steer Clear app. As part of the program, drivers must complete five hours of driving training.
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Once drivers complete the program, the Steer Clear app provides a certificate of completion that allows them to receive a discount on their policy. Talk to your State Farm Agent to learn more about Steer Clear Program rebates in your area.
State Farm has become the nation's largest auto insurance provider by offering a diverse and effective line of insurance products, excellent customer service and lower than average insurance premiums. The company offers many ways for customers to save money through good driving habits and insurance products.
Comparing car insurance quotes is a great first step to choosing the best policy for your needs. While State Farm is our top choice for most drivers, other providers may suit your needs or budget. Now that you know about state farm auto insurance costs, check USAA and Geico before making your decision.
USAA is the U.S. is the fifth largest provider of auto insurance products in the U.S. and offers the most affordable average rates of any provider we've ranked. If you're an active duty military member or veteran, you and your immediate family can benefit from USAA's low fares.
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U.S. As the nation's third largest insurance provider, Geico offers affordable auto insurance rates to drivers of all ages and backgrounds nationwide. Through the company's mobile app and DriveEasy program, drivers can take advantage of additional discounts to maintain a good driving record.
State Farm offers competitive rates on all auto insurance products it offers. The company's full coverage auto insurance premiums are 14% lower than the national average, making State Farm affordable for most drivers.
State Farm has been providing quality and reliable auto insurance products for over 100 years. The company consistently receives high customer satisfaction scores and has an A+ rating from the Better Business Bureau (BBB).
State Farm has thousands of agents to help customers in every U.S. state. except for Massachusetts and Rhode Island. Visit the State Farm website to find a State Farm agent near you.
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Because consumers trust us to provide objective and accurate information, we have developed a comprehensive rating system to create the best car insurance company ratings. We collect data from dozens of auto insurance providers to rank companies based on various ranking factors. The final result is an overall rating for each provider, with the insurer with the highest points at the top of the list.
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