Smart Score
79
Industry Average: 7.7
Industry Average: 8
Industry Average: 7
Founded in 1922, the initial focus of the State Farm was auto insurance for farmers. Over the following decades, the company expanded into other lines of business. It also expanded operations beyond its home state of Illinois and into other states, eventually covering the entire country. Today, State Farm is arguably the best known personal insurance company in the U.S., but what isn’t arguable is that they’re the biggest. State Farm is a solid, reliable insurance company that offers reasonable rates and straightforward coverage options. They’re a good choice if you are looking to bundle and want a combination of personal service along with good value for the money.
Lines of Business:
When it comes to their auto, everyone has a different situation and differing needs for protection. While every auto insurer offers the same standard coverages. they tend to differ when it comes to what they offer or optional additional protections. Below we list and describe all the extras offered by State Farm
Available Option | What it means | |
---|---|---|
Accident Forgiveness | Protects your driving record from being affected by the insurance company's rating system for an at-fault accident, thus preventing your insurance premium from going up due to this type of accident. | |
Airbag Replacement Coverage | Covers your replacement airbags and labor should they need replacement | |
Antique or Collector Car Insurance | Special insurance for antique and collectors cars. | |
Better Car Replacement | Policy that will replace your car if it is a total loss with a car one model year newer and with 15,000 fewer miles. | |
Build Your Own Plan | Customize your insurance policy with a build your own plan policy. | |
Child Safety Seat Replacement | A policy that pays for a new child safety seat if yours is damaged in an accident. | |
Comprehensive Claim Forgiveness | Protects your driving record from being affected by the insurance company's rating system for a comprehensive claim on your history, thus preventing your insurance premium from going up due to this type of accident. |
While all companies offer a range of auto insurance discounts, it's hard to judge any individual discount's value in a meaningful way. For one, the discounts are typically a percentage off the base price, instead of the whole policy.
What does this mean?
Your best bet is to directly discuss your particular situation with an agent to make sure you're getting all the discounts that you may be eligible for on your auto policy. For reference, we've listed all the discounts we believe State Farm has below in order to help determine which ones may fit your profile (though keep in mind that they can vary by state).
Available Option | Discount Data | What it means |
---|---|---|
Good Driver | up to 25% | Typically relates to a driver's history (or lack thereof) of accidents and violations. Often has a 3 to 5 year lookback period. |
Passive Restraint | up to 40% | Applies to vehicles with safety features such as automatic braking systems (ABS), airbags, or automatic seatbelts. |
Anti Theft Device | up to 15% | This discount is for cars with alarms and other theft deterrents. It typically only applies to comprehensive coverage, however. |
How does State Farm compare to other insurance companies? Click the following links below to compare State Farm to other top insurance companies.