State Farm vs. Farmers: Which Is the Best? (2024)

State Farm’s 100-year history, strong financial standing, and array of discounts make it a better consideration for auto coverage than Farmers.

Taylor Milam-Samuel
Taylor Milam-Samuel
  • 8+ years writing for major outlets, including MarketWatch and Business Insider

  • Master’s in Education

Taylor Mlam-Samuel is a personal finance writer and credentialed educator. When she’s not helping readers better save and spend money, she can be found teaching.

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Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • Más de 3 años produciendo contenidos sobre seguros y finanzas personales

  • Principal artífice de la puntuación de calidad de Insurify

Los profundos conocimientos de Courtney sobre finanzas personales van más allá de los seguros y abarcan las tarjetas de crédito, los préstamos al consumidor y la banca. Le encanta crear contenidos prácticos.

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Konstantin Halachev
Data reviewed byKonstantin Halachev
Headshot of Konstantin Halachev, VP of Engineering at Insurify
Konstantin HalachevVP of Engineering & Data Science
  • 7+ years experience in data analysis

  • Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Updated December 19, 2024

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State Farm and Farmers are both well-known insurance companies with long histories. State Farm stands out with generous discounts and extensive coverage options. Farmers has robust roadside assistance and high customer satisfaction. Neither company offers gap insurance, which might be a dealbreaker for drivers with auto loans.

As you determine the best option between State Farm and Farmers, it’s essential to compare rates, customer service, discounts, and coverage options. Your driving record and ZIP code also matter when choosing between these two auto insurers.

Here’s how to decide whether State Farm or Farmers is a better fit for you.

Quick Facts
  • State Farm has lower average rates in all categories, including for drivers with poor credit and speeding tickets.

  • Discounts are similar for both insurers, but Farmers stands out with rate deductions for military members.

  • Coverage options are nearly identical through both Farmers and State Farm.

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State Farm vs. Farmers: The verdict

State Farm has more competitive rates and a strong financial strength rating, which indicates a solid outlook for paying out future claims. 

Farmers, on the other hand, has more extensive coverage options, including customized equipment coverage and accident forgiveness. But the extra coverage options come at a cost since Farmers’ average rates are nearly double what you can find with State Farm. 

Farmers’ car insurance discounts might offset some of the higher prices, but if you want cheaper car insurance rates, State Farm is probably a better fit.

Factor
State Farm
Farmers
IQ Score9.38.3
Customer satisfaction score43.5
Average quote: liability only$54$109
Number of discounts1022
Number of states where it operates50 and Washington, D.C.50 and Washington, D.C.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 55,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

State Farm

Compare personalized, real-time quotes
User Reviews
3.2
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.3/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$54/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$119/mo

State Farm is the largest U.S. auto insurer by market share and has operated for more than 100 years. Available in all 50 states, State Farm stands out for its customer service, extensive discounts, and optional coverages. The insurer ranked fifth for overall customer satisfaction in the 2023 J.D. Power U.S. Auto Claims Satisfaction Study. Safe drivers can enjoy many State Farm discounts, including ones for young motorists who complete an approved driver training course, for having a vehicle with certain safety equipment, and for going three years or longer without violations or at-fault accidents.

Pros
  • High rates of customer satisfaction

  • Rideshare insurance available

  • Savings for bundling auto with home, renters, condo, or life insurance

Cons
  • No gap insurance offering

  • May not be the cheapest choice for drivers with violations

  • Accident forgiveness limited to longtime customers with clean driving records

Read more driver reviews of State Farm
Al - December 19, 2024
Verified

My Opinion

Way too high premium.

Agnes - December 19, 2024
Verified

Best Insurance Company

I have been with them for a long time. Claims are handled quickly. I never had a problem, even when I had three teenagers driving.

Gabriel - December 18, 2024
Verified

My Experience with State Farm

Beware, some companies are more interested in making money than meeting the customers' needs. My wife had a medical issue while driving, and they covered it. A year later, there was a fender bender involving two moving vehicles. To me, it was no fault, but they considered it a second incident. We also had hail damage to our roof. They said there wasn't enough damage, yet my next-door neighbors received a new one. Now, they're canceling me for too much.

Farmers

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User Reviews
3.0
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.3/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$109/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$239/mo

Farmers Insurance sells policies in 42 states, and its more than 30 insurance offerings include auto, home, renters, earthquake, life, business, and pet insurance. Farmers has more than 20 auto insurance discount options, providing many ways drivers can save on premiums. Drivers can qualify for discounts by bundling policies, paying in full, being accident-free for five years, installing anti-theft devices, and taking a defensive driving course, among other things. Farmers also receives fewer customer complaints than the market average with the National Association of Insurance Commissioners.

Pros
  • Many auto insurance discounts

  • Robust roadside assistance program

  • Offers customized equipment coverage add-on

Cons
  • Lower customer satisfaction scores from J.D. Power

  • Tends to have higher premiums than some competitorsNot available in every state

Read more driver reviews of Farmers
Diane - December 18, 2024
Verified

Lost Payment

Farmers uses a third-party service for internet payments. I used it and received a confirmation number, but the payment was never debited from my checking account. For the past six months, I thought I had car insurance, but I didn't. Now, it's going to cost me a lot to add to my new policy.

Aaron - December 16, 2024
Verified

Nope

The service is great, but the cost for vehicles is high.

Garland - December 16, 2024
Verified

I find I am being overcharged

The customer service from the agent is poor.

State Farm Drive Safe & Save vs. Farmers Signal

State Farm and Farmers offer optional telematics programs that track driving habits through a mobile app, allowing drivers to earn discounts for driving safely. State Farm’s Drive Safe & Save provides a discount of up to 30%, and drivers must download the Drive Safe & Save app or enroll eligible vehicles in Connected Car. Driving patterns determine the discount amount, but you can also earn a discount for signing up. State Farm calculates rate deductions every six months.[1]

Farmers offer Signal, a similar discount program that rewards safe drivers. Drivers must download the Signal by Farmers app and allow it to track their driving. The discount amount varies depending on your driving habits, but young drivers between 15 and 24 years old can earn an extra discount.[2]

Keep in mind that both of these programs track all your driving habits — not just the positive ones. If you exceed the speed limit, brake suddenly, or take turns too sharply, your rates could increase.

Keep Reading: How Usage-Based Car Insurance Works

Keep Reading: How Usage-Based Car Insurance Works

State Farm vs. Farmers: Which is the cheapest?

State Farm’s average rates are significantly cheaper than Farmers’ average rates. However, your chosen insurance company is only one factor that influences your costs. Your location, credit, driving record, and age also affect how much you pay for car insurance.[3]

Here’s how State Farm’s and Farmers’ rates compare among different driver profiles.

State Farm: Cheapest for drivers with a clean driving record

State Farm offers cheaper average rates for drivers with a clean driving record — about half the average monthly cost from Farmers.

Driver Type
State Farm
Farmers
Clean driving record$54$109
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

State Farm: Cheapest for drivers with a speeding ticket

Average insurance rates from State Farm are cheaper than average rates from Farmers for drivers with a speeding ticket.

Driver Type
State Farm
Farmers
Drivers with a speeding ticket$63$130
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

State Farm: Cheapest for teen drivers

Teenage drivers pay cheaper average rates with State Farm — average rates with Farmers are nearly twice as much.

Driver Type
State Farm
Farmers
18-year-old$95$197
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

State Farm: Cheapest for drivers with bad credit

Your credit history can affect your car insurance costs, and State Farm has better average rates for drivers with bad credit.

Driver Type
State Farm
Farmers
Drivers with bad credit$82$131
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

State Farm: Cheapest for senior drivers

Senior drivers can find cheaper average rates with State Farm since average costs from Farmers are nearly twice as much.

Driver Type
State Farm
Farmers
Senior drivers$39$80
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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Compare coverages: State Farm vs. Farmers

State Farm and Farmers coverage options are nearly the same. Both insurers offer standard coverages like liability insurance, personal injury protection, uninsured/underinsured motorist coverage, medical payments, collision, and comprehensive.

Drivers can also get roadside assistance, rental car reimbursement, and rideshare insurance. Similarly, neither insurer provides gap insurance, which some lenders require. Farmers provides optional customized equipment coverage, which might be a helpful addition for some drivers but doesn’t apply to most.

Here’s how the add-ons for coverage options compare.

Coverage
State Farm
Farmers
Gap insuranceNoNo
Roadside assistanceYesYes
Rental reimbursementYesYes
Rideshare insuranceYesYes
Travel expense coverageYesYes
Customized equipment coverageNoYes

Compare discounts: State Farm vs. Farmers

State Farm and Farmers have nearly identical discount options. Both insurers offer discounts for good drivers, multi-policies, and good students. At the same time, neither company provides discounts for new cars or low-mileage drivers. However, military members might secure a slightly lower rate with Farmers since the company offers a military discount, which State Farm doesn’t.

Here’s how discount options compare between both car insurance companies.

Discount
State Farm
Farmers
Clean driving recordYesYes
Defensive driving courseYesYes
Multi-policyYesYes
Multi-carYesYes
Low mileageNoNo
Telematics (safe driving app)YesYes
Anti-theft deviceYesYes
New carNoNo
Military/affiliationNoYes
Good studentYesYes
LoyaltyYesYes
Auto payNoYes
Student away at schoolYesYes
HomeownerYesYes
Alternative fuelNoYes

State Farm vs. Farmers FAQs

As you determine the best insurance company for your vehicle coverage, consider the answers to these common questions about State Farm and Farmers.

  • Is State Farm the same as Farmers?

    State Farm and Farmers are separate companies. Both offer auto insurance, but they have different owners and operators.

  • Who is State Farm’s biggest competitor?

    State Farm is one of the most well-known insurance companies in the country, and its competitors include other large insurance companies, like Farmers, GEICO, Allstate, and USAA.

  • Does State Farm have a bad reputation?

    State Farm has a solid reputation as a long-standing and well-known insurance company in the United States. The company has a strong financial rating and a big market share. Based on ratings from the National Association of Insurance Commissioners, complaints are lower than average.

  • What are the main differences between State Farm and Farmers insurance policies?

    The primary difference between State Farm and Farmers insurance policies is the average price. State Farm offers cheaper rates that are usually half the price of Farmers, according to Insurify data. If you want the best deal on car insurance, State Farm is probably the better pick.

Sources

  1. State Farm. "Drive Safe & Save™ – Safe Driver Discounts."
  2. Farmers. "Save with Signal®."
  3. III. "What determines the price of an auto insurance policy?."
Taylor Milam-Samuel
Taylor Milam-Samuel

Taylor Milam-Samuel is a writer and credentialed educator who is fascinated by how people earn, save, and spend their money. When she's not researching financial terms and conditions, she can be found in the classroom teaching.

Taylor has been a contributor at Insurify since February 2023.

Courtney Mikulski
Edited byCourtney MikulskiSenior Editor, Auto
Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • Más de 3 años produciendo contenidos sobre seguros y finanzas personales

  • Principal artífice de la puntuación de calidad de Insurify

Los profundos conocimientos de Courtney sobre finanzas personales van más allá de los seguros y abarcan las tarjetas de crédito, los préstamos al consumidor y la banca. Le encanta crear contenidos prácticos.

Featured in

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Konstantin Halachev
Data reviewed byKonstantin HalachevVP of Engineering & Data Science
Headshot of Konstantin Halachev, VP of Engineering at Insurify
Konstantin HalachevVP of Engineering & Data Science
  • 7+ years experience in data analysis

  • Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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