Is State Farm expensive? This question is about State Farm

State Farm is not an expensive insurance company. The company ranks fifth in Wallethub's cheapest car insurance companies nationwide ranking with an average cost of $919 per year. Your premium however will vary based on the policies you select, your driving record, and your area of residence, among others. Popular Insurance Companies Average Premiums: Company Average Premium Geico $506 Progressive $649 State Farm $919 Allstate $954 Nationwide $1,005 In a nutshell, State Farm is not a very expensive company but it’s also not the cheapest company. Although cost is a deciding factor when it comes to insurance for most people, our advice would be to see what your options are from multiple companies. After you decide on the type of policy you want to have, you can start comparing premiums and include costs in your final decision.

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Is State Farm expensive?

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This question is about State Farm

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Lilah Butler, Car Insurance Writer

@lilah_c • 06/29/21 This answer was first published on 06/29/21. 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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State Farm is not an expensive insurance company. The company ranks fifth in Wallethub's cheapest car insurance companies nationwide ranking with an average cost of $919 per year. Your premium however will vary based on the policies you select, your driving record, and your area of residence, among others.

Popular Insurance Companies Average Premiums:

Company	Average Premium
Geico	$506
Progressive	$649
State Farm	$919
Allstate	$954
Nationwide	$1,005

In a nutshell, State Farm is not a very expensive company but it’s also not the cheapest company. Although cost is a deciding factor when it comes to insurance for most people, our advice would be to see what your options are from multiple companies. After you decide on the type of policy you want to have, you can start comparing premiums and include costs in your final decision.

Are State Farm insurance rates competitive?

Yes, State Farm insurance rates are competitive, as the company is one of the 10 cheapest auto insurers nationally, according to WalletHub analysis. State Farm car insurance customers pay an average of $718 per year for coverage. State Farm's car insurance rates are based on your driving record and experience, along with factors like the type of car you drive, your ZIP code, your insurance history, and more. Your coverage and deductible choices also impact...

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What is the best car insurance for new drivers under 25?

The best car insurance for new drivers under 25 years old is from companies like Allstate, Geico, Progressive, and Safeco. They are among the cheapest car insurance companies for drivers of all ages, both under 25 and older, according to WalletHub’s Cheap Car Insurance Report. These companies provide a variety of coverage choices at affordable prices, along with numerous discounts applicable to drivers under 25.

Best Car Insurance For New Drivers Under 25

Allstate
Esurance...

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Does State Farm offer full coverage insurance?

Yes, State Farm offers full coverage car insurance. Full coverage from State Farm typically includes at least a state's minimum required car insurance coverage along with collision and comprehensive insurance to protect the policyholder's vehicle.

Full coverage car insurance from State Farm costs $3,514 per year, on average, and is more expensive than a liability-only policy since it provides more coverage.

Cost of State Farm Full Coverage by Driver's Age

Driver	Annual Cost
16-year-old	$5,820 per year
22-year-old	$3,508 per year
45-year-old	...

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