How Much Is State Farm Car Insurance?

Content of the material

  1. Auto Insurance Complaints Against State Farm
  2. Video
  3. State Farm car insurance cost
  4. State Farm premium prices
  5. State Farm Car Insurance Reputation
  6. State Farm Customer Service
  7. State Farm Claims Filing Process
  8. State Farm’s Steer Clear Program
  9. State Farm Car Insurance Cost and Discounts
  10. Average Monthly and Annual Cost Estimates by Company
  11. State Farm Auto Insurance Coverage
  12. Bodily Injury Liability
  13. Property Damage Liability
  14. Comprehensive Coverage
  15. Collision Coverage
  16. Medical Payments
  17. Car Rental and Travel Expenses
  18. Uninsured Motor Vehicle
  19. Underinsured Motor Vehicle
  20. Emergency Road Service
  21. Rideshare Driver Coverage
  22. Common Questions about State Farm
  23. What does State Farm full coverage in auto insurance cover?
  24. How does State Farm rate men versus women for premiums?
  25. How does State Farm insurance work?
  26. How to get a State Farm insurance card?
  27. How to get State Farm insurance on your first car?
  28. How to get State Farm insurance online?
  29. How to read a State Farm auto insurance policy?
  30. How to get a rough estimate cost for auto insurance with State Farm?
  31. Does State Farm insurance have competitive rates?
  32. Does State Farm insurance use credit based insurance pricing?
  33. Can you pay a full year of car insurance with State Farm?
  34. Can I add another person to my State Farm car insurance?
  35. Why is my State Farm insurance so high?
  36. Should I call my State Farm agents if it wasn’t my fault?
  37. Why should I choose State Farm for my car insurance?
  38. Frequently asked questions
  39. Best State Farm Alternatives
  40. Nationwide
  41. Clearcover
  42. Safeco
  43. State Farmhome insurance
  44. State Farm corporate sustainability
  45. How Much Does State Farm Car Insurance Cost Per Month?
  46. State Farm Cost
  47. Why Is State Farm So Cheap?
  48. State Farm Discounts
  49. Is State Farm Worth The Money?
  50. State Farm Usage-Based Insurance
  51. What Types of Car Insurance Does State Farm Offer?
  52. More car insurance advice

Auto Insurance Complaints Against State Farm

State Farm has a lower level of auto insurance complaints than some other large insurers, based on complaints made to state insurance departments across the country. State Farm complaints are also substantially below the industry average. Auto insurance complaints tend to be about claim denials, delays and unsatisfactory settlements.

Video

State Farm car insurance cost

Whether you have a clean driving history or you’re adding a teen driver to your policy, signing a policy with State Farm could save you money, as the carrier’s costs are hundreds of dollars below the national average. With State Farm, the average annual premium for full coverage premium according to Bankrate is $1,561 — $210 under the national average.

State Farm premium prices

State Farm average annual full-coverage premium National average annual full-coverage premium Clean driving history $1,561 $1,771 Speeding ticket $1,590* $2,138 Adding a teen driver $2,077* $3,852

*Rates from 2021

State Farm Car Insurance Reputation

State Farm car insurance ranks generally well for claims and customer satisfaction, financial strength, and affordability. The average monthly cost for a policy with State Farm is $50.

State Farm has a reputation for providing affordable car insurance policies from a helpful team of customer care representatives. And the insurer has been well-known for these qualities for more than a century. The company has been in excellent financial standing for many years, even as the company expanded to offer other financial and insurance products.

State Farm policyholders regularly give the company high marks for service, even for claims service. While the property and casualty insurance industry as a whole struggles to gain and retain customer trust and confidence, State Farm is an outlier. Why has it been so successful? Its low premiums, easy claims process, and acclaimed personal service from local agents have helped with its success.

State Farm Customer Service

State Farm customer service is open 24/7 and can be contacted by calling 1 (800) 782-8332. You can also contact customer service and perform a number of tasks with the mobile app or online when you register an account. The service team is highly rated—customer satisfaction is rated second in the nation by J.D. Power.

State Farm Claims Filing Process

Before beginning your claim, document everything if you can. Take photos of damage, and get information from all parties. File the claim online or over the phone. You’ll be assigned a claims agent, who will set up a visit from the adjuster to assess the damage. The adjuster will then make an estimate on repair costs, and the company will send a check based on the estimate.

See More: Car Insurance Quotes

State Farm’s Steer Clear Program

Looking for ways to save money on car insurance for a young driver? The State Farm Steer Clear app allows you to do just that.

To sign up for the State Farm Steer Clear app, drivers must be under 25 and have no at-fault accident or violations in the past three years. The app provides five training modules that consist of lessons, driving scenarios and quizzes. If you complete all modules within six months of starting, you might be eligible for discounts.

State Farm Car Insurance Cost and Discounts

Our rate estimates show 35-year-old drivers with good credit and driving records pay about $1,481 per year or $123 per month for full coverage insurance from State Farm. This is about 15% cheaper than the national average of $1,730.

Below, you can see how State Farm compares to other leading national providers. State Farm is one of the most affordable providers on average, though USAA may be cheaper for some drivers.

Average Monthly and Annual Cost Estimates by Company

The table below shows how State Farm compares to other regional and national providers in terms of average monthly and annual costs. The rate estimates are based on a 35-year-old married driver with a good credit score and clean driving history.

State Farm Auto Insurance Coverage

Bodily Injury Liability

This form of coverage is required in every state. It covers bodily injuries to a third party in an accident that was deemed your fault.

Property Damage Liability

This form of coverage is required in every state. It covers property damage and loss of use to a third party.

Comprehensive Coverage

This coverage pays for damages and loss other than that caused by a collision. It is subject to a deductible.

Collision Coverage

This coverage pays for damages and loss caused by impact with another automobile, object or person. It is subject to a deductible.

Medical Payments

This type of protection will cover you if you’ve been injured in an accident, regardless of who’s at fault. Coverages include income continuation, loss of services, funeral expenses and child-care expenses.

Car Rental and Travel Expenses

This coverage takes care of renting a vehicle while yours is being repaired. Travel expense coverage helps pay for food, lodging and transportation if you’re involved in an accident more than 50 miles from home.

Uninsured Motor Vehicle

This coverage pays for medical expenses if you’re injured in an accident caused by someone who doesn’t have liability insurance.

Underinsured Motor Vehicle

This coverage pays for medical expenses if you’re injured in an accident caused by someone whose liability limits are lower than what’s needed.

Emergency Road Service

This coverage helps you get back and driving if you have a roadside breakdown.

Rideshare Driver Coverage

If you drive for a rideshare company like Uber or Lyft, this coverage protects you during that period of time when you’re covered by neither your personal auto insurance nor your rideshare company’s insurance.

Common Questions about State Farm

What does State Farm full coverage in auto insurance cover?

Full coverage in auto insurance would cover bodily injury and property damage liability, collision, comprehensive, medical payments, car rental and travel expenses, uninsured and uninsured motorist and emergency road service.

How does State Farm rate men versus women for premiums?

In several states, it’s illegal to determine insurance rates based on gender. For the most part, State Farm rates male and female drivers evenly, but younger men pay a little more annually.

How does State Farm insurance work?

State Farms offers many different insurance packages which prepare you for unexpected mishaps and losses, whether it be damage or destruction to your auto, home or business. They also offer life and health insurance packages too.

How to get a State Farm insurance card?

If you do not have a State Farm insurance card, you should contact an agent, who will send one to you or tell you how you can print out a temporary copy.

How to get State Farm insurance on your first car?

As long as you have a driver’s license you can get State Farm insurance.

How to get State Farm insurance online?

Visit SmartFinancial to get free car insurance quotes from State Farm and several other reliable insurance carriers.

How to read a State Farm auto insurance policy?

The declaration page in your policy jacket will list all your coverages and the limits on your coverages. If you have a hard time finding or understanding your policy, it’s important to contact your insurance agent.

How to get a rough estimate cost for auto insurance with State Farm?

Visit SmartFinancial to get free auto insurance quotes, which are a close estimate of what the carriers will charge you.

Does State Farm insurance have competitive rates?

State Farm is one of the top rated insurance companies in the country and offers great coverage and affordable rates. You can get a free quote with State Farm or compare multiple rates here on SmartFinancial.

Does State Farm insurance use credit based insurance pricing?

In states where it’s legal to use credit-based insurance pricing, all insurance agencies are free to do a soft pull on your credit.

Can you pay a full year of car insurance with State Farm?

You can pay for a full year’s worth of car insurance upfront with State Farm. You will also earn a discount for doing so.

Can I add another person to my State Farm car insurance?

Yes, you can include people to your policy. However, that person’s age and driving history will impact your insurance rate.

Why is my State Farm insurance so high?

Your insurance rate may go up due to a number of reasons, including traffic violations, a new job, poor credit, a new garaging address or a DUI. Also, most people’s rates have increased across the board over the past few years due to an increasing number of accidents caused by distracted driving.

Should I call my State Farm agents if it wasn’t my fault?

Yes, you must report all accidents to the police and your State Farm agent.

Why should I choose State Farm for my car insurance?

If you have very good credit and live in a state where credit-based rates are the norm, you should get a quote from State Farm insurance.

Frequently asked questions

State Farm is a good insurance company — we gave it an overall rating of 4.5/5. The company has cheap auto and home insurance rates and the best renters insurance rates that we found. It also earned above-average customer service and financial strength scores.

State Farm offers health insurance along with a wide range of insurance products, including life, disability, liability, small business and pet medical insurance.

Full-coverage auto insurance from State Farm includes: Comprehensive coverage Collision coverage Liability coverage Uninsured/underinsured motorist coverage Medical payments coverage The company also offers emergency roadside assistance, car rental and travel expenses coverage, and rideshare driver coverage as optional add-ons.

We found that the cost of State Farm car insurance is $417 a year for minimum coverage, $1,045 for full coverage and $1,131 for drivers with an at-fault accident on their record. Auto insurance rates vary based on age, vehicle type, location, driving history and other factors, so your quotes may differ.

We found that State Farm has very competitive insurance rates. Its auto insurance rates are 33% cheaper than its competitors, on average, and home insurance rates are 16% cheaper. State Farm has the cheapest renters insurance rates we found — 30% less than other major insurers.

State Farm has insurance customers nationwide — it is the largest provider of home and auto insurance in the country . However, it doesn’t sell all types of insurance everywhere. For example, you can no longer purchase State Farm car insurance in Massachusetts.

You cannot buy gap insurance from State Farm. However, drivers who have a State Farm car loan are automatically enrolled in its Payoff Protector program. The company will cancel the remaining balance on your loan minus your insurance payout after your car is totalled, as long as your loan is in good standing.

Best State Farm Alternatives

Though State Farm provides quality, affordable coverage for many customers, policyholders looking to switch providers have options. Learn more about comparable State Farm competitors to consider below, including Nationwide, Clearcover, and Safeco. Compare quotes with Insurify to find the most affordable rates today.

Nationwide

Customers valuing accident forgiveness should check out Nationwide. Other highlights include roadside assistance, gap coverage, standard auto insurance discounts, and the SmartRide telematics programs. With above-average monthly insurance rates and varying customer service reviews, customers should consider what they value in an insurer.

Clearcover

Now available in 20 states, Clearcover provides thorough customer service, a highly rated mobile app, and discounts built into policy rates for low monthly premiums. Limited state eligibility and the absence of bundling opportunities may influence whether this provider matches your coverage needs.

Safeco

With Safeco’s RightTrack telematics program, policyholders see substantial discounts in annual premiums. More saving opportunities include claims-free cashback and diminishing deductibles. Safeco has an A financial rating from A.M. Best and an above-average amount of complaints from customers, according to the NAIC.

State Farmhome insurance

State Farm was recognized as one of the best home insurance companies in the 2022 Bankrate Awards for its high customer satisfaction scores, superior financial strength and nearly nationwide availability. State Farm is the largest home insurance company in the country by market share, and with that comes a large network of local agents to help policyholders with their needs. State Farm ranked in the top four for customer satisfaction in J.D. Power’s 2021 U.S. Home Insurance Study.

State Farm corporate sustainability

State Farm has contributed nearly $650,000 in grant funding to eligible nonprofits. In 2020, State Farm employees volunteered a total of 98,000 hours. Additionally, the company has committed $100 million in support of minority communities and racial equity over the next five years.

When it comes to the environment, more than 80% of State Farm locations have an Energy Star score of at least 75. Its paperless billing practices in 2020 saved more than 7,000 trees, and the company formed an executive-level steering committee to guide its Environmental, Social and Governance (ESG) progress.

How Much Does State Farm Car Insurance Cost Per Month?

Coverage Type Cost Per Month
Full coverage $104
Minimum coverage $52

While State Farm gives new policyholders the option to pay off their entire policy upfront with one payment (and typically provides a discount for doing so), most drivers pay for their coverage monthly.

Depending on your individual needs, State Farm usually provides coverage on a six-month or a twelve-month basis. Twelve-month plans are typically a bit more affordable since the insurer benefits from having you locked into a contract, while six-month plans may be slightly more expensive (but they’ll also give you more flexibility to negotiate your premium).

So, assuming that you’re a 25-year-old with a typical $1,450 per year policy and a twelve-month coverage plan, then your monthly payments would be around $121 per month. When you first sign up, you’ll likely put this amount as a down payment and then make recurring monthly payments every 30 days.

That being said, however, this is just an average rate . Your personal rate may differ considerably, depending on your age, credit score, driving record, the type of car you’re driving, and the city and state you receive coverage in.

State Farm Cost

According to our rate estimates, good drivers can find full coverage policies for about $1,339 per year ($112 per month). That’s about 23 percent cheaper than the national average of $1,732 per year ($144 per month). Below you can see how State Farm’s average rates compare to rates from other companies. The estimates below apply to 35-year-old drivers with good credit and driving records. 

Car Insurance Provider Average Annual Cost Estimate Average Monthly Cost Estimate
USAA $1,013 $84
Erie Insurance $1,113 $93
Auto-Owners $1,229 $102
State Farm $1,339 $112
Geico $1,352 $113
Progressive $1,397 $116
Nationwide $1,533 $128
Travelers $1,617 $135
Farmers $2,032 $169
The Hartford $2,166 $181
 

Of course, not everyone has a clean driving record or a perfect credit score. (Most states allow car insurance companies to increase rates for those with poor credit.) Here’s how State Farm premiums can change according to different driving profiles. Spoiler alert: State Farm is reasonably affordable even if you have an accident or DUI, but it’s expensive for those with poor credit scores.

Driving Profile Annual State Farm Cost Estimate Monthly State Farm Cost Estimate
Good driver $1,339 $112
Speeding ticket $1,554 $130
Accident $1,671 $139
DUI $1,929 $161
Poor credit $3,616 $301
 

Why Is State Farm So Cheap?

Because State Farm is the largest auto insurance company in the market, it has a huge variety of drivers who contribute to the insurance pool. This helps keep auto insurance rates lower for everyone. Minimum coverage is the cheapest option from State Farm.

State Farm Discounts

Drivers insured by State Farm can get a number of insurance discounts. This is a huge draw for budget-conscious drivers, according to State Farm reviews. State Farm offers three types of discounts: safe driving discounts, safe vehicle discounts, and loyalty discounts. These auto discounts can be broken down even further, per the table below (discounts vary by state).

State Farm Discount Eligibility Details
Accident-Free Save money by staying accident-free for three continuous years while being insured by State Farm.
Defensive Driving Course Save 10% to 15% by taking an approved defensive driving course.
Good Student Discount Save up to 25% by maintaining a GPA of at least 3.0 or ranking in the top 20% of your class (only available to students).
Good Driving Discount Save money by going three years or more without moving violations or at-fault accidents (only available to new customers).
Driver Training Discount Save money by taking a driver training course (only available for drivers under the age of 21).
Student Away at School Save money when a State Farm-insured student under 25 years old moves away to school and only drives the vehicle while at home for vacations or holidays.
Vehicle Safety Save up to 40% on MedPay coverage if your car was made after 1994 (depending on the make and model).
Passive Restraint Save up to 40% on MedPay coverage if your car was made after 1993 and has factory-installed airbags, seat belts, and other passive restraint systems.
Anti-Theft Save money if your car is equipped with an alarm or other approved anti-theft device.
Multiple Auto Save up to 20% if two or more cars in your household are insured by State Farm and owned by related individuals.
Multi-Policy Save up to 17% by bundling your car insurance with one of State Farm’s other insurance products, such as life, homeowners, condo, or renters insurance.
 

Accident forgiveness may be available for State Farm auto insurance customers who have been accident-free for nine years. However, you can’t purchase accident forgiveness for your State Farm auto insurance policy.

Is State Farm Worth The Money?

Overall, State Farm is worth the money for many drivers because its rates tend to be more affordable than average for the industry. State Farm also offers attractive discounts for good students, good drivers, and more that make it a cheap option for many drivers.

State Farm Usage-Based Insurance

Using State Farm’s usage-based insurance program Drive Safe & Save™ could save you up to 30 percent if you practice safe driving habits like braking slowly and not speeding. The Steer Clear® program is available for drivers under 25 and makes State Farm a great option for students.

 
 

What Types of Car Insurance Does State Farm Offer?

State Farm’s most popular products include liability, collision, and comprehensive coverage for personal passenger vehicles. However, State Farm also offers more specialized forms of car insurance catering to customers’ specific needs. According to QuoteWizard, State Farm’s auto insurance offerings include:

  • Commercial Auto Insurance: Commercial insurance protects business owners if they or an employee are in an accident while driving a company-owned vehicle. Business owners can also purchase Employers Non-Owned Liability coverage, which covers employees who use their own vehicles for business purposes.
  • Classic Car Insurance: A classic car insurance policy protects drivers who own classic or antique cars. This type of policy includes standard coverage such as liability, collision, and comprehensive. You can consult State Farm’s website to see if your vehicle qualifies as a classic car.
  • Roadside Emergency Service: This coverage pays for battery jump-starts, tire changes, locksmith services, and other emergency repairs.
  • Rental Car and Travel Expenses Coverage: While most major insurance companies provide rental car coverage, State Farm goes above and beyond by paying for lodging if you’re stranded because your car is undrivable as a result of a collision or natural disaster.
  • Rideshare Insurance: State Farm’s ride-sharing insurance policy is an extension of your personal insurance policy. This extension provides you with coverage while you’re working for a company like Uber or Lyft.

More car insurance advice

The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

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