State Farm vs. Farmers Insurance

Which insurance company is right for you? Compare coverage, pros & cons, and quotes from State Farm and Farmers.

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State Farm vs. Farmers: What You Need to Know

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 average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit State Farm Overview and Farmers Overview.

State Farm vs. Farmers: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with State Farm and Farmers. On average, State Farm charges approximately $153.66 per month while Farmers comes in at around $264.40 per month. For State Farm, the cheapest state average is Idaho at $73.26 per month and the most expensive is Michigan at $317.19 per month. For Farmers, the cheapest state average is North Dakota at $112.50 per month and the most expensive is Michigan at $712.11 per month.

State Farm

Average Rate

$153.66
Farmers

Average Rate

$264.40
National

Average Rate

$117.77
State State Farm Farmers
Alabama $141.41 $195.20
Alaska $106.48 -
Arizona $154.41 $260.68
Arkansas $113.76 $192.40
California $197.35 $258.23
Colorado $138.92 $289.21
Connecticut $145.69 -
Delaware $140.96 -
District of Columbia $151.93 -
Florida $184.47 -
Georgia $155.65 -
Hawaii $106.23 -
Idaho $73.26 $123.45
Illinois $110.66 $199.08
Indiana $91.30 $136.14
Iowa $81.49 $141.59
Kansas $116.24 $197.95
Kentucky $106.58 -
Louisiana $205.11 -
Maine $73.74 -
Maryland $193.89 -
Massachusetts $76.65 -
Michigan $317.19 $712.11
Minnesota $112.73 $168.82
Mississippi $117.96 -
Missouri $112.63 $203.54
Montana $84.59 $192.46
Nebraska $104.09 $197.97
Nevada $175.72 $313.07
New Hampshire $84.14 -
New Jersey $198.52 -
New Mexico $111.89 $217.58
New York $258.43 -
North Carolina $87.43 -
North Dakota $87.46 $112.50
Ohio $85.15 $146.86
Oklahoma $114.89 $165.64
Oregon $109.69 $173.29
Pennsylvania $121.91 -
Rhode Island $105.60 -
South Carolina $105.77 -
South Dakota $94.84 $119.82
Tennessee $96.60 $157.88
Texas $117.04 -
Utah $162.56 $220.13
Vermont $109.90 -
Virginia $92.21 -
Washington $106.02 $153.41
West Virginia $88.17 -
Wisconsin $81.53 $165.74
Wyoming $145.13 $203.01

State Farm vs. Farmers: Rates by Number of Vehicle

Home

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
1 Vehicle $142.33 $244.72
2 Vehicles $194.53 $325.39
4 Vehicles $277.49 $
3 Vehicles $338.26 $565.26

State Farm vs. Farmers: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average State Farm charges $148.24 per month and Farmers charges $258.87 per month for customers who own their home.

Own/Rent State Farm Farmers
Own $148.24 $258.87
Rent $156.74 $267.76

What is State Farm and Farmers Insurance Rating?

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.

ComparisonState FarmFarmers
Year Founded19221928
Market Share10.1%3%
A.M. Best RatingA-
BBB RatingNRA+
Financial StrengthExcellentExcellent
JD Power RankingAbout AverageAbout Average
Moody’s RatingAA2
NAIC Complaint Index2.580.8
S&P RatingAAA

State Farm or Farmers: Insurance Products Offered

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.

InsuranceState FarmFarmers
Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

State Farm or Farmers: Ways To Save

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.

State FarmFarmers
Accident-Free DiscountAlternative Fuel Discount
Anti-theft DiscountDistant Student
Defensive Driving DiscountElectronic Funds Transfer (EFT) Discount
Good Driving DiscountGood Student
Multiple Auto DiscountHomeowner Discount
Multiple Line DiscountMulti-Car Discount
Passive Restraint DiscountMulti-policy Discount
Safe Driver DiscountsOccupational Discount
Student Away at School DiscountPay-in-Full Discount
Vehicle Safety DiscountTeen Driver Discount
Transfer Discount

Pros & Cons of State Farm & Farmers

Pros

State Farm
  • State Farm is the largest auto insurer in the U.S and offers insurance in all states.
  • There are more than 19,000 captive agents across the country so it’s easy to find an agent in your area.
  • State Farm offers a range of insurance packages and is the #1 insurer for watercraft.
  • The State Farm app is an award-winning tool for managing your insurance and bank account.
Farmers
  • Financial strength
  • Great employee education and customer service.

Cons

State Farm
  • State Farm does not offer accident forgiveness options.
Farmers
  • Steep early-cancellation fees.

State Farm or Farmers Mobile Apps Options

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     4.815K user reviews
Android     4.116K user reviews
Farmers Mobile App
iOS     4.83K user reviews
Android     43K user reviews

State Farm & Farmers Contact Info

State Farm Contact Info
AddressOne State Farm Plaza, Bloomington, IL 61710
Phone1-800-732-5246
Websitehttps://www.statefarm.com
Facebookhttps://www.facebook.com/statefarm
Twitterhttps://twitter.com/statefarm
Youtubehttps://www.youtube.com/statefarm
Linkedinhttps://www.linkedin.com/company/state_farm/
Farmers Contact Info
Address6301 Owensmouth Avenue, Woodland Hills, CA 91367
Phone1 (800) 974-6755
Websitehttps://www.Farmers.com
Facebookhttps://www.facebook.com/FarmersInsurance/
Twitterhttps://twitter.com/WeAreFarmers
Youtubehttps://www.youtube.com/farmersinsurance
Linkedinhttps://www.linkedin.com/company/farmers-insurance/

Methodology
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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