Farmers vs. State Farm Auto Insurance (2023)
Comparing Farmers vs. State Farm car insurance rates show State Farm is cheaper overall and Farmers is cheaper for drivers with bad credit. External ratings for Farmers vs. State Farm car insurance companies reveal State Farm having an A+ from A.M. Best and Farmers having an A. State Farm also has better customer satisfaction ratings. State Farm has a wider variety and heftier discounts.
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Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences i...
Commercial Lines Coverage Specialist
UPDATED: Nov 27, 2023
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- State Farm is cheaper on average than Farmers unless you have bad credit
- State Farm and Farmers both offer a variety of auto insurance discounts to save you money
- State Farm has higher financial and customer satisfaction ratings
Both Farmers and State Farm are on the list of the top 10 best auto insurance companies, but which is the best option based on your personal characteristics?
We’ll compare Farmers vs. State Farm auto insurance rates based on age, driving record, and credit history to see which one better suits your needs.
We’ll also compare available discounts and ratings from agencies with a credible and trustworthy view of Farmers vs. State Farm auto insurance companies.
Before jumping into this Farmers vs. State Farm auto insurance review, enter your ZIP code to compare quotes from multiple companies in your area.
Is Farmers auto insurance or State Farm auto insurance cheaper?
You might be surprised by the methods auto insurance companies use to determine your rates. Your age, driving record, and credit history will all factor into how affordable Farmers vs. State Farm auto insurance is for you.
Why is Farmers insurance so expensive? Why is State Farm so expensive? The price you pay for auto insurance is based on your individual qualities and circumstances.
Younger drivers are charged more than older drivers, but you might be surprised by how expensive teenager auto insurance rates are. This table will compare Farmers vs. State Farm auto insurance rates based on age, gender, and marital status.
|Age, Gender, and Marital Status||Farmers Average Annual Rates||State Farm Average Annual Rates|
|Single 17-year-old female||$8,666.24||$4,875.91|
|Single 17-year-old male||$9,202.06||$6,130.77|
|Single 25-year-old female||$2,672.81||$1,979.45|
|Single 25-year old male||$2,791.21||$2,176.45|
|Married 35-year-old female||$2,316.82||$1,734.93|
|Married 35-year-old male||$2,306.44||$1,734.93|
|Married 60-year-old female||$2,117.42||$1,558.06|
|Married 60-year-old male||$2,179.61||$1,558.06|
State Farm is much less expensive than Farmers, saving young drivers thousands of dollars per year.
Your driving record is one of the most significant factors used to determine auto insurance rates. If you have any accidents, tickets, or DUIs on your record, your insurance rates will be significantly higher than if you have a clean driving record.
This table shows you how Farmers vs. State Farm auto insurance quotes stack up based on your driving record.
|Driving Record||Farmers Average Annual Rates||State Farm Average Annual Rates|
|With 1 accident||$4,518.73||$3,396.01|
|With 1 DUI||$4,718.75||$3,636.80|
|With 1 speeding violation||$4,079.01||$3,186.01|
Farmers is much more expensive than State Farm, no matter what your driving record looks like.
One factor that auto insurance companies look at that isn’t as obvious is your credit score. Insurance companies believe that if you have a higher credit score, you are less likely to file a claim and more likely to pay for losses out of pocket.
|Credit History||Farmers Average Annual Rates||State Farm Average Annual Rates|
Unless you have bad credit, Farmers is once again the more expensive company. State Farm charges about $100 more a year for drivers with bad credit than Farmers.
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Does Farmers or State Farm have better auto insurance discounts?
By taking advantage of discounts, you can save a lot of money on your auto insurance. Multi-car, good student, and safe driver auto insurance discounts are available from most companies.
The discounts available from Farmers and State Farm are listed in this table. See which company offers the most discounts that are applicable to you.
|Car Insurance Discounts||Farmers (%)||State Farm (%)|
|Daytime Running Lights||x||N/A|
|Electronic Stability Control||x||N/A|
When you compare Farmers vs. State Farm auto insurance quotes, make sure to ask about all discounts you might be eligible for.
You may have the option to save more by bundling with your life insurance policy or home insurance policy.
How do Farmers and State Farm compare in financial strength and customer satisfaction?
Is Farmers insurance good? Is State Farm a strong auto insurance company? Sometimes it’s difficult to judge for yourself, and that’s when third-party rating agencies can help. When comparing Farmers vs. State Farm auto insurance, or any other companies, checking ratings is key.
A.M. Best rates a company’s financial health on how well it can satisfy its financial obligations. Farmers earned an A rating, indicating that it is very capable of meeting obligations. State Farm earned an A+ rating, indicating that it has a superior ability to meet obligations.
Farmers was given an A+ by the Better Business Bureau, while State Farm insurance was given an A. Farmers is also accredited, while State Farm is not.
J.D. Power rated Farmers and State Farm on consumer satisfaction, including costs, billing, claims, and what they sell. Farmers received an average rating, while State Farm received an above-average rating.
Additional services, such as roadside assistance, are available from both companies and can be accessed from the app or website. You can also get this information using the Framers and State Farm 1-800 numbers.
Each company has an easy-to-use website and mobile app where customers can access their accounts, make payments, and even file Farmers insurance claims or State Farm claims easily. If you have an issue filing a claim, you can contact the Farmers or State Farm claims departments.
Usually, in both the Farmers apps and State Farm apps, your Farmers insurance login or State Farm login would likely be the same.
Are there agents for State Farm and Farmers insurance near me? Yes, both companies offer coverage in all 50 states.
Before you buy Farmers vs. State Farm auto insurance, enter your ZIP code to compare multiple auto insurance companies in your area.
Frequently Asked Questions
What are the main differences between Farmers and State Farm auto insurance?
While both Farmers and State Farm are reputable insurance providers, there are some key differences between them:
- Coverage Options: Farmers and State Farm offer a range of coverage options, but their specific offerings may vary. It’s essential to review the policies to understand the coverage types, limits, and additional options available.
- Pricing: Insurance premiums can vary based on several factors, such as location, driving history, vehicle type, and more. Farmers and State Farm may have different pricing structures, so it’s advisable to request quotes from both companies to compare prices for your specific circumstances.
- Discounts: Both insurers offer various discounts that can help lower your premium. However, the types and availability of discounts may differ between Farmers and State Farm. It’s worth exploring the discounts each company offers to see which ones you qualify for.
- Claims Process: Another important consideration is the claims process. Look into how each company handles claims, including their customer service reputation, ease of filing a claim, and the overall efficiency of the claims settlement process.
- Financial Strength: Assessing the financial strength of an insurance company is crucial. Both Farmers and State Farm have been established for many years and generally have a good reputation in terms of financial stability. However, it’s wise to review the latest ratings from independent rating agencies to gauge their financial strength and ability to meet their obligations.
How can I determine which insurer is better for me, Farmers or State Farm?
Selecting the right insurer depends on your specific needs and preferences. Here are some steps you can take to make an informed decision:
- Research and Compare: Start by researching both Farmers and State Farm. Visit their websites, review their coverage options, and familiarize yourself with their policies. Take note of any unique features or benefits that may be important to you.
- Get Quotes: Request quotes from both companies to compare prices. Provide accurate information about your vehicle, driving history, and coverage requirements to get an accurate quote. Consider the coverage limits and deductibles along with the premium when comparing.
- Read Reviews: Look for reviews and customer feedback about each company. Read about other policyholders’ experiences with claims handling, customer service, and overall satisfaction. Keep in mind that individual experiences can vary, so consider the overall consensus.
- Consult an Agent: If you have specific questions or need guidance, consider reaching out to an insurance agent who represents both Farmers and State Farm. They can provide personalized advice based on your unique circumstances and help you make an informed decision.
What factors should I consider when comparing coverage options between Farmers and State Farm?
When comparing coverage options, consider the following factors:
- Liability Coverage: Assess the liability coverage limits provided by each insurer. Liability coverage protects you if you’re at fault in an accident and covers the costs for injuries or property damage caused to others.
- Collision and Comprehensive Coverage: These coverages protect your vehicle against damage from accidents, theft, vandalism, and other non-collision incidents. Compare the deductibles, coverage limits, and any additional features or benefits provided by each company.
- Medical Payments Coverage and Personal Injury Protection (PIP): If you’re concerned about covering medical expenses for yourself and your passengers, review the medical payments coverage and PIP options offered by both insurers. Check the coverage limits and any exclusions that may apply.
- Uninsured/Underinsured Motorist Coverage: Evaluate the uninsured/underinsured motorist coverage offered by each company. This coverage helps protect you if you’re involved in an accident with a driver who lacks insurance or has insufficient coverage.
- Additional Coverage Options: Consider any additional coverage options that may be available, such as roadside assistance, rental car reimbursement, gap insurance, or accident forgiveness. These extras can vary between Farmers and State Farm, so compare them based on your individual needs.
Are there any specific discounts offered by Farmers and State Farm that I should be aware of?
Both Farmers and State Farm offer various discounts to help policyholders save on their premiums. While the specific discounts may change over time, here are some examples to consider:
- Multi-Policy Discount: If you have multiple insurance policies with the same company (e.g., auto and home insurance), you may be eligible for a multi-policy discount.
- Safe Driver Discount: If you have a clean driving record and have not been involved in accidents or received traffic violations, you may qualify for a safe driver discount.
- Good Student Discount: If you’re a student with good grades, Farmers and State Farm often offer discounts for maintaining a certain GPA.
- Defensive Driving Course Discount: Completing a state-approved defensive driving course can sometimes make you eligible for a discount on your auto insurance premiums.
- Vehicle Safety Features Discount: If your car is equipped with safety features such as anti-lock brakes, airbags, or an anti-theft system, you may be eligible for a discount.
Do Farmers and State Farm offer any unique features or benefits that set them apart?
Both Farmers and State Farm have their own unique features and benefits. While specific offerings may vary by location, some examples include:
- Farmers: Farmers Insurance offers the “Farmers Signal” app, which tracks your driving habits and provides potential discounts based on safe driving behavior. They also have the “Farmers Inner Circle,” a loyalty program that offers perks and rewards to policyholders.
- State Farm: State Farm provides the “Drive Safe & Save” program, which uses telematics to monitor your driving habits and adjust premiums accordingly. They also have the “Pocket Agent” mobile app, allowing policyholders to access their accounts, file claims, and receive roadside assistance.
Can I bundle my auto insurance with other policies with Farmers and State Farm?
Yes, both Farmers and State Farm offer the option to bundle your auto insurance with other policies. Bundling policies, such as auto and home insurance, can often lead to discounted premiums. Contact each insurer to inquire about the specific bundling options available and any potential savings.
Are there any notable differences in customer service and satisfaction between Farmers and State Farm?
Customer service and satisfaction can vary based on individual experiences. However, here are some general points to consider:
- Farmers: Farmers Insurance has a 24/7 claims reporting hotline and provides multiple ways to file claims, including online and through their mobile app. They also have local agents who can provide personalized assistance. It’s advisable to research customer reviews and ratings for a more comprehensive understanding of their customer service performance.
- State Farm: State Farm has a large network of agents across the country, making it convenient to access in-person support. They offer 24/7 claims support and have a user-friendly website and mobile app. Reviews and ratings can provide insights into State Farm’s customer service reputation.
How do I file a claim with Farmers or State Farm?
To file a claim with Farmers or State Farm, follow these general steps:
- Contact your insurer: Notify your insurance company as soon as possible after the incident. You can typically reach them through their claims hotline or via their website or mobile app.
- Provide necessary information: Be prepared to provide details about the incident, such as the date, time, location, description of what occurred, and any relevant documents or photos.
- Follow the claims process: Your insurance company will guide you through the claims process, which may involve providing additional documentation, obtaining repair estimates, or arranging for an adjuster to assess the damages.
- Cooperate with the investigation: Answer any questions from your insurer and provide any requested information promptly. Keep records of all communication and documentation related to your claim.
Do Farmers and State Farm offer roadside assistance?
Yes, both Farmers and State Farm offer roadside assistance as an optional coverage. Roadside assistance can provide services such as towing, fuel delivery, tire changes, lockout assistance, and more. The availability and specific details of roadside assistance coverage may vary, so it’s recommended to review the options and limitations provided by each company.
Can I manage my auto insurance policy online with Farmers and State Farm?
Yes, both Farmers and State Farm offer online account management tools that allow policyholders to access and manage their auto insurance policies conveniently. Through their respective websites or mobile apps, you can typically perform tasks such as viewing policy information, making payments, filing claims, requesting policy changes, and accessing digital insurance documents.