Delaney Simchuk, Car Insurance Writer
@delaney_simchuk
No, State Farm is not the same as Allstate. State Farm is not affiliated with Allstate in any way, though the two companies are both property and casualty insurers that offer similar services and coverage options to consumers. Allstate is a public company owned by its investors, while State Farm is a mutual company owned by its policyholders.
State Farm vs. Allstate
| Company | State Farm | Allstate |
| Headquarters | Bloomington, IL | Northbrook, IL |
| Year Founded | 1929 | 1931 |
| States Available | Every U.S. state | Every U.S. state |
| Owner | Mutual company owned by policyholders | Public company owned by investors |
Allstate has many affiliated insurance companies that sell Allstate insurance products, such as Esurance and National General, but State Farm is not one of them.
Allstate Underwriting Companies
- American Heritage Life Insurance Company
- Castle Key Insurance Company
- Castle Key Indemnity Company
- Direct Auto
- Direct General Life Insurance
- National General Insurance
- Esurance Insurance Company
- Esurance Property & Casualty
- Esurance Insurance Company of New Jersey
- Home State County Mutual
To learn more, check out WalletHub’s complete reviews of State Farm and Allstate.
People also ask
Who owns State Farm insurance?
State Farm is owned by State Farm policyholders. The fact that State Farm is a mutual insurance company means the company is privately owned by the people who purchase its insurance policies, and shares in the company are not available to investors on the public market. Among the 10 largest insurance companies in the United States, four companies, including State Farm, are private.
Michael Tipsord is State Farm’s chairman, president and CEO. The board...
read full answer by Lilah Butler, Car Insurance WriterHow much does State Farm car insurance cost?
State Farm car insurance costs an average of $1,032 per year ($86 per month) for a minimum-coverage policy, which is less than the national average of $720 per year. The exact cost of auto insurance with State Farm depends on factors such as a driver's history on the road, age, state, and coverage limits. For example, full coverage insurance from State Farm costs an average of $3,514 per year.
Average Cost of State Farm Car...
read full answer by Candace Baker, Car Insurance WriterWhat type of insurance is State Farm?
State Farm is a property and casualty insurance company that operates in all 50 states, offering insurance coverage for vehicles, homes, businesses, and more. State Farm is best known for its car insurance, and it offers all the major types of coverage, including liability, comprehensive, and collision insurance.
Types of Insurance Offered by State Farm
- Car insurance
- Boat, Off-road Vehicles, Motorhome, and Travel Trailers
- Home, Condominium, Renters insurance, Manufactured Home, and Farm insurance
- Commercial insurance
- ...
Did we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.