Which insurance company is right for you? Compare coverage, pros & cons, and quotes from State Farm and Farmers.
State Farm was founded in 1922 by George Jacob “G.J.” Mecherle, a retired farmer and insurance salesman. The code of conduct for the company has always been “to help people manage the risks of everyday life, recover from the unexpected and realize their dreams.” From the start, the company was branded as being “Like a good neighbor” and for “being there” for all State Farm customers. Fittingly, the State Farm agent in the television commercials is Patrick Minnis, a real State Farm insurance agent from Tempe, AZ. In 1971, Barry Manilow wrote the famous State Farm jingle that cemented the company’s brand as a helpful neighbor and Weezer covered the famous jingle in 2011.
Farmers Insurance began selling insurance a year before the Great Depression and survived to become a household name. Founders John C. Tyler and Thomas E. Leavey started off by going farm to farm to gain their first policies. They specifically lowered rates for farmers and ranchers because they understood that these occupations posed fewer risks with their vehicles. By 1928, they were able to open an office in downtown Los Angeles. During the Great Depression, Farmers was one of the few companies that were able to pay claims. When a devastating earthquake hit Los Angeles, Farmers paid out claims for damaged cars and became the first insurance company to offer comprehensive insurance.
Below is a list of the average rates that drivers typically pay with State Farm and Farmers. On average, State Farm charges approximately $164.38 per month while Farmers comes in at around $291.48 per month. For State Farm, the cheapest state average is Idaho at $75.76 per month and the most expensive is Michigan at $342.09 per month. For Farmers, the cheapest state average is North Dakota at $116.77 per month and the most expensive is Michigan at $877.11 per month.
|District of Columbia||$168.50||-|
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that State Farm and Farmers typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||State Farm||Farmers|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average State Farm charges $157.03 per month and Farmers charges $294.70 per month for customers who own their home.
Which car insurance company is better? We've made it easy to compare companies side by side. See how State Farm and Farmers ranked among the industry ratings.
|A.M. Best Rating||A-|
|JD Power Ranking||About Average||About Average|
|NAIC Complaint Index||2.58||0.8|
What coverage is available through State Farm and Farmers? Both insurance companies offer Auto, Commercial, Home, Life, Motorcycle, and RV insurance. Additional products from State Farm insurance also includes Condo, Health, and Renters insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit State Farm and Farmers Insurance page.
State Farm offers a wide range of discounts to its policyholders, including Anti-theft, Defensive Driving, and Good Driving discounts. However, Farmers also offers a few discounts that State Farm doesn’t, including Transfer, Teen Driver, and Pay-in-Full discounts. Start taking advantage of discounts offered by insurance providers like Farmers and State Farm insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Accident-Free Discount||Alternative Fuel Discount|
|Anti-theft Discount||Distant Student|
|Defensive Driving Discount||Electronic Funds Transfer (EFT) Discount|
|Good Driving Discount||Good Student|
|Multiple Auto Discount||Homeowner Discount|
|Multiple Line Discount||Multi-Car Discount|
|Passive Restraint Discount||Multi-policy Discount|
|Safe Driver Discounts||Occupational Discount|
|Student Away at School Discount||Pay-in-Full Discount|
|Vehicle Safety Discount||Teen Driver Discount|
The State Farm Mobile app is available for iOS and Android. This award-winning mobile app can help manage insurance and banking accounts, request roadside service, file and track claims and pay bills.
The Farmers app is available for iOS and Android. The Farmers Mobile App allows you access to self-service features.
|State Farm Mobile App|
|iOS||4.8||15K user reviews|
|Android||4.1||16K user reviews|
|Farmers Mobile App|
|iOS||4.8||3K user reviews|
|Android||4||3K user reviews|
|State Farm Contact Info|
|Address||One State Farm Plaza, Bloomington, IL 61710|
|Farmers Contact Info|
|Address||6301 Owensmouth Avenue, Woodland Hills, CA 91367|
|Phone||1 (800) 974-6755|
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
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