Is State Farm an A-rated insurance company? This question is about State Farm

Is State Farm an A-rated insurance company?

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This question is about State Farm

Leif Olson, Car Insurance Writer

@leif_olson_1 • 12/16/22 This answer was first published on 03/30/22 and it was last updated on 12/16/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, State Farm is an “A++” rated insurance company, according to financial analysis by AM Best. AM Best’s “A++” designation means that State Farm is in a superior position to pay out claims to customers.

Car insurance companies are rated on a variety of metrics in addition to financial strength, including customer satisfaction and claims processes. Below, you can find a few additional ratings for State Farm that speak to its overall reputation.

Notable State Farm Ratings

AM Best: A++
WalletHub Editors: 3.4/5
JD Power: 4.2/5
NAIC: 1.18
BBB: A+

To learn more, check out WalletHub’s review of State Farm.

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What rating does State Farm insurance have?

State Farm is rated 3.4 out of 5 by WalletHub’s editors, based on factors such as customer reviews and watchdog-group ratings. For example, State Farm has a rating of 1.44 from he National Association of Insurance Commissioners (NAIC), meaning it has more customer complaints than the average insurer its size.

State Farm Insurance Ratings

WalletHub Editors: 3.4
A.M. Best: A++
J.D. Power: 4.2
NAIC: 1.44
BBB: A+
...

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What are the most popular car insurance companies?

The most popular car insurance companies are State Farm, Geico and Progressive, which service more than 120 million policies and have a combined market share of 43.1%. These companies are available in all 50 states and the District of Columbia.

Most Popular Car Insurance Companies

Together, these insurance providers were responsible...

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Which insurance company has the highest customer satisfaction?

Geico is the insurance company with the highest customer satisfaction, according to WalletHub’s analysis of factors such as J.D. Power customer satisfaction ratings and the NAIC complaint index. Geico also is one of the cheapest major insurance companies.

Car Insurance Companies With High Customer Satisfaction

Rank

Company

Average Customer Satisfaction Rating

(out of 5)

1st

...

4.4

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