How much does State Farm auto insurance cost?

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 It depends on several factors, including where you live, the type of car you drive, and your age. Like any insurance company, State Farm uses these factors to calculate a rate that’s right for you.

State Farm: The Basics

Although State Farm is the nation’s largest private auto insurer, it also offers other insurance products, including homeowners, renters, and recreational vehicle policies. State Farm sells all of its products exclusively through its agents. If you’re looking for an insurance company that offers a great selection of products at reasonable prices, State Farm is a great option. According to Nerd Wallet, State Farm employs 18,000 agents and offers products in all 50 states and Washington, D.C.

According to Citation Wizard, State Farm was founded in 1922 by George Jacob “GJ” Mecherle. A farmer by trade, Mecherle turned to his knowledge of insurance when the farm stopped bringing in a steady income. Initially focused on auto insurance for farmers, State Farm had written one million policies by 1944. It eventually expanded to include all kinds of insurance products.

As Penguin Value points out, State Farm’s rates for auto and home insurance products are often more expensive than those of some of its competitors. However, the company makes up for its higher rates by offering several generous discounts. In general, State Farm is a great option for:

  • Customers who prefer to interact with local agents
  • Clients who require multiple forms of insurance coverage

State Farm may not be the best option for:

  • Customers looking for the cheapest fares
  • Drivers who are not eligible for discounts

What types of auto insurance does State Farm offer?

State Farm’s most popular products include liability, collision, and comprehensive coverage for personal passenger vehicles. However, State Farm also offers more specialized forms of auto insurance to meet specific customer needs. According to Quote Wizard, State Farm’s auto insurance offerings include:

  • Commercial auto insurance: Commercial insurance protects business owners if they or an employee are involved in an accident while driving a company-owned vehicle. Business owners can also purchase employers’ liability insurance, which covers employees who use their vehicles for business purposes.
  • Classic car insurance: A classic car insurance policy protects drivers who own classic or vintage cars. This type of policy includes standard coverage such as third-party liability, collision, and comprehensive. You can check the State Farm website to see if your vehicle qualifies as a classic car.
  • Emergency Roadside Service: This coverage pays for battery starts, tire changes, locksmith services, and other emergency repairs.
  • Rental Car and Travel Expense Coverage: While most major insurance companies offer rental car coverage, State Farm goes above and beyond by paying for accommodations if you’re stranded because your car is impossible to drive following a collision or natural disaster.
  • Rideshare Insurance: State Farm’s rideshare insurance policy is an extension of your insurance policy. This extension gives you coverage while you work for a company like Uber or Lyft.

What types of discounts does State Farm offer?

Even if your State Farm insurance policy ends up costing more than the estimated average, the company offers several discounts that will help offset the price. According to NerdWallet, these discounts include:

  • Drive Safe and Save: Drivers who participate in State Farm’s Drive Safe & Save program use a phone app to track mileage and driving habits. Drivers with safe driving habits can save up to 30% on their premiums.
  • Steer Clear Pilot Program: Drivers under 25 can participate in the Steer Clear program, which requires completion of a driver training refresher course. Participants can take the course in person or via a mobile app. Drivers must also have had no at-fault accidents or travel violations in the past three years.
  • Accident-Free Discount: If you purchase a State Farm insurance policy and go accident-free for three years, you’ll see a reduction in rates.
  • Defensive Driving Discount: You can save even more by taking a defensive driving course.
  • Away-from-school student discount: If you have a student in your household who only uses the vehicle when they come home, they will qualify for this discount.
  • Driver Education Discount: This discount is for drivers under the age of 21 who complete a State Farm-approved driver education course.
  • Student Discount Voucher: To qualify for this discount, high school seniors and college students under 25 must maintain a 3.0 GPA or higher.
  • Safe Vehicle Discount: If your vehicle is equipped with airbags or other passive restraint equipment, you may qualify for additional savings.
  • Bundled discounts: You can get a big discount if you insure multiple vehicles with State Farm. Combine your auto insurance with your homeowner’s or renter’s policy, and you’ll save too.

As you can see, there are many benefits to purchasing an auto insurance policy from State Farm. Not only will you get great discounts, but you can rest assured that you’ll have adequate coverage for your vehicle and access to great in-person service.

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