State Farm Insurance Review: Coverage, Rates and Pros & Cons
State Farm is the largest property and casualty mutual insurance company in the United States. Operating with over 19,000 independent contractor agents, it provides high customer access, extensive discounts through Drive Safe & Save telematics, and an A++ Superior financial strength rating from AM Best.
What We Like (Pros)
- Largest dedicated agent network in the United States (19,000+ local offices)
- Drive Safe & Save telematics program with up to 30% discount
- Pristine A++ AM Best financial strength rating with $130B+ surplus
- Generous multi-policy bundling discounts averaging $1,073/yr
Considerations & Limitations (Cons)
In-Depth Carrier Analysis
Editorial Verdict on State Farm
State Farm is the largest property and casualty mutual insurance company in the United States. Operating with over 19,000 independent contractor agents, it provides high customer access, extensive discounts through Drive Safe & Save telematics, and an A++ Superior financial strength rating from AM Best.
AM Best Financial Strength
State Farm maintains an A++ rating with AM Best, indicating a superior ability to meet ongoing insurance obligations and claim payouts.
Complaint Index & Reliability
According to the National Association of Insurance Commissioners (NAIC), State Farm registers a complaint index of 0.72, well below the national baseline index of 1.00.
Sample Premiums
Average sample monthly rates for standard full coverage policies start around $118/month ($1416/year) for qualified drivers.