Lilah Butler, Car Insurance Writer
@lilah_c
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 of directors consists of a broad group of business and community leaders. Some notable members include Dan E. Arvizu (chancellor of the New Mexico State University System), Allan R. Landon (former CEO of the Bank of Hawaii), and Kenneth J. Worzel (COO of Nordstrom, Inc.).
For more information, check out WalletHub's full State Farm review.
People also ask
How do I get car insurance for the first time?
To get car insurance for the first time, decide what coverage types and limits you need and then compare quotes from at least three different companies to find the best price. You should also evaluate each company’s discounts to see which ones you might qualify for and how much you could save.
If you’re a first-time driver looking to get your own policy, you’re likely to pay around 245% more per year for minimum...
read full answer by WalletHub, Financial CompanyDoes 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 |
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...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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