State Farm had fewer complaints than expected for a company of this size to state regulators, according to the National Association of Insurance Commissioners.
State Farm often shows competitive rates for auto insurance in our analysis and its J. Power customer satisfaction rating is better than average. You can get a quote and buy a policy online, find a nearby agent or manage a claim. It even has an ATM locator.
For example, do you want only the bare minimum insurance that your state requires, or do you need more extensive coverage, such as gap insurance or rideshare coverage? When comparing rates among insurers, make sure each is offering the same coverage limits and deductibles. You may not want to decide based on price alone. Look at how many consumer complaints each company has, as high numbers can be a red flag about the quality of service you might receive. Depending on which company you choose, you may be able to buy insurance online, over the phone or through an agent.
For more guidance, see how to get car insurance. State Farm offers homeowners insurance online and through its network of over 19, agents. For more information, read our State Farm homeowners insurance review. You can also get life insurance from State Farm. Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page.
However, this does not influence our evaluations. Our opinions are our own. NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Andrew Marder. State Farm auto insurance reviews and ratings The largest personal auto insurer in the country.
Has fewer auto insurance complaints than expected for a company of this size. Offers rideshare insurance in most states. Pros Cons Numerous discounts offered, including two programs — one for safe driving and the other for young drivers.
Doesn't offer gap insurance. Generous rental car and travel expenses coverage. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. State Farm offers a diverse range of life insurance products, including term, whole, and universal policies, and even a no-exam option for those looking for quick policy issuance.
State Farm was founded in and originally offered only automobile insurance. Since then, State Farm has grown a great deal and now has over products and services, including insurance, banking, and investment accounts. The company has over 19, agents nationwide and services over 83 million policies throughout the country.
State Farm is headquartered in Bloomington, Illinois. With 10 different life insurance plans to choose from, you can find a policy that meets your needs. With term life insurance , you get death protection for a fixed period of time. Term life policies can be a cost-effective option for most families.
State Farm has three different term life insurance products:. If you have a whole life insurance policy , you have coverage for your entire lifetime. Whole life policies pay out a death benefit, but they also have a savings component that can accumulate cash value, which can be invested. Monthly premiums use a portion for insurance coverage and a portion for tax-deferred savings. State Farm has four whole life insurance options:. Universal life insurance is a form of permanent life insurance. Universal life policies tend to have inexpensive premiums and they provide more flexibility than whole life policies.
Policyholders can make changes to their policies, including their premiums and death benefits, and a universal life policy can accumulate cash value. State Farm has three universal life insurance options:. An insurance rider, also known as an endorsement, is an amendment to an insurance policy that changes the terms of the existing policy. A rider can be added to a policy when you purchase it, mid-term, or when you renew your policy. Riders can be used to add covered individuals, add coverage, or modify existing coverage.
State Farm has a comprehensive list of available riders that you can add to your life insurance policies. Once your child turns 25, you can convert the rider to permanent insurance for up to five times the amount of coverage. If you become chronically ill and need long-term care services, the flexible care benefit rider allows you to access a portion of your death benefit each month and waives monthly deductions.
You can purchase additional insurance at specific dates without a medical exam with the guaranteed insurability option rider. Option ages are 17, 22, 25, 28, 31, 34, 37, 40, 43, 46, and With a level term rider, you can add an additional insured person to your policy. It provides term life insurance to age 95 for the amount of the rider.
This rider is not available on policies that have a flexible care benefit rider. If you become totally disabled for six consecutive months or more prior to age 60, this rider will waive future monthly deductions as long as you remain disabled. If you become disabled between the ages of 60 and 65, the rider will waive monthly deductions until the third anniversary after total disability or when you turn 65, whichever is later. State Farm has a number of options to get help with your insurance policies.
For quotes and life insurance claims, you should contact a State Farm agent directly. Most agents are available during business hours via phone or email. The NAIC considered scores above 1. Over the past three years, State Farm has consistently had better-than-average complaint ratios. AM Best is a credit ranking agency focused primarily on the insurance industry. The AM Best rating shows how financially stable an insurance company is. The higher the grade, the more financially stable it is.
What this means to consumers is the company is likely to be able to pay their claim when the time arises. Policy terms, policies, and fees can vary by state, so make sure you ask about cancellation fees and free look periods—the time you have to cancel a policy without penalties or surrender charges.
Pricing varies from person to person, so take into account whether you want a term life policy or a whole life or universal policy, how much coverage you want, and what riders you want to add to your policy, which can affect your costs.
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