Is State Farm cheaper than Geico?

No, State Farm is not cheaper than Geico for car insurance. A minimum-coverage car insurance policy with State Farm costs $1,032 per year, on average, while a minimum-coverage policy with Geico costs an average of $796 per year. Full coverage from Geico costs less than State Farm’s coverage, too.

Average Annual Cost of Car Insurance From State Farm vs. Geico... read full answer

Note: Rates are an annual approximation based on a driver with a clean driving record in California. Actual rates will vary.

To learn more, check out reviews and key information about State Farm, as well as our comparison between State Farm and Geico. You can get a quote for a State Farm car insurance policy by calling 800-782-8332, or by going online to State Farm’s website.

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.... read full answer

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.

To cancel State Farm insurance, the policyholder must call 800-STATEFARM, mail a cancellation letter, or cancel at a local State Farm office. You will need to provide basic information about yourself, your State Farm policy number, and the date you would like your policy to end. State Farm may also ask for the details of your new car insurance policy to verify you won’t be ... read full answerdriving without insurance.

How to Cancel State Farm Insurance Policies

• Cancel by phone by calling your agent or 800-STATEFARM (1-800-782-8332).
• Cancel my mail by writing a letter that includes your State Farm policy number, name, address, phone number, plus the date and time you want your policy to end. Sign, date, and mail your letter to: Corporate Headquarters of State Farm Insurance / One State Farm Plaza / Bloomington, IL 61710.
• Cancel in person by visiting your nearest State Farm insurance office and speaking with an agent.

If you’ve sold your vehicle, you may be asked to provide a bill of sale. If you’ve already paid your premium for the policy period in full, State Farm will refund the unused portion. State Farm does not impose a cancellation fee or penalty for early termination.

Finally, it’s important to remember that you don’t need to cancel your policy just because you’re going through some life changes. For example, if you’re moving or buying a new car you can just have State Farm update your mailing address or vehicle information.