State Farm and Farmers are two major carriers to consider when you’re shopping for a new car insurance policy. Ranked number 1 and 6, respectively, among the largest auto insurance companies, both insurers offer plans with a broad range of coverage.
Does being the biggest provider mean it’s the best insurance for you? Continue reading for a comparison of their coverage, price, discounts, and more.
Check out our State Farm car insurance review and Farmers Car Insurance Review for more information about these companies.
State Farm and Farmers offer standard car insurance coverage such as:
Read our article on common types of auto insurance to learn more about basic coverage.
Many drivers choose to enhance their basic coverage with add-ons from State Farm or Farmers. Some optional coverage may not be available in all states.
Many variables influence rates for car insurance. Each person’s premium is unique because of factors that include their driving record, age, gender, geographic location, vehicle type, creditworthiness, and how much they drive.
State Farm is the largest auto insurance company in the United States, but it doesn’t necessarily have the least expensive rates. According to The Zebra, the average monthly premium cost with both State Farm and Farmers varies among age groups. The table below compares average annual premiums between State Farm and Farmers by age tier.
| Age Group | State Farm | Farmers |
| Teens | $5,820 | $6,518 |
| 20s | $2,379 | $2,020 |
| 30s | $1,585 | $2,020 |
| 40s | $1,587 | $1,511 |
| 50s | $1,558 | $1,507 |
| 60s | $1,485 | $1,402 |
Source: The Zebra
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A common discount offered by most carriers comes from bundling auto insurance with home, renters, boat, motorcycle, or another insurance policy. Be sure to ask about multi-policy and multi-vehicle bundling options through Farmers and State Farm.
Policyholders may be eligible for some of the many discounts and perks offered by the companies:
Both companies have available telematics programs, which monitor driving habits to determine the premium. Other discounts may be available to eligible customers. For example, Farmers offers a discount on coverage for alternative-fuel vehicles.
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The cost of premiums should not be your only consideration when shopping for car insurance. Some drivers argue that you get what you pay for, and they believe that a higher price leads to better service. Regardless of how much you pay for insurance, your carrier should provide good customer service, quickly respond when you need help, and pay submitted claims.
Most insurance companies receive mixed reviews for their service. The J.D. Power 2021 U.S. Auto Insurance Study provides key insights from the responses of nearly 39,000 car insurance customers. The survey measures criteria regarding customer satisfaction:
State Farm earns “above average” results in the customer satisfaction survey. J.D. Power ranked Farmers near the top of the pack with an “excellent” rating in overall claims satisfaction in 2021.
A.M. Best assesses insurance companies’ ability to meet their ongoing policy and contractual obligations. According to The Zebra, State Farm and Farmers achieve an “excellent” rating, indicating that both carriers have the financial strength to cover their customers’ claims.
Car insurance is a personal matter that requires many considerations. There isn’t a one-size-fits-all solution. Because your needs are unique, you should request a quote from State Farm, Farmers, and other insurance companies to get the cost of a customized policy with the coverage you need.
Both Farmers and State Farm offer standard coverage that likely will suit your situation. State Farm has lower average premiums overall. However, Farmers’ customer satisfaction with claims ranks higher among the major insurers.
No matter which carrier you choose, it’s critical that you understand the details of what is covered and what is not covered before renewing or signing a new insurance policy.
