State Farm vs. Farmers Insurance

State Farm is so cheap because the company has more customers than any other provider, and their large market share allows them to keep their prices competitive. A minimum coverage policy from State Farm costs an average of $86 per month, and State Farm premiums can be made even cheaper by taking advantage of discounts such as passive restraint discount and anti-theft discount. Plus, State Farm rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto.    

Average Monthly Rates for State Farm vs. Top Competitors

Note: Premiums are representative of a 45-year-old good driver in CA; individual premiums will vary.

State Farm is especially cheap for young drivers in particular. That's because State Farm has special savings opportunities for drivers in this category, such as discounts for students who maintain at least a 3.0 GPA.

Your final premium is based on a variety of factors, though, such as your driving record, insurance history, and more. Every insurance company determines their rates differently, so the best way to find the good deal. If you want to learn more, you can check out WalletHub's review of State Farm and see State Farm's full profile.    

Farmers is cheap for families who have teen drivers, and even offers discounts specifically for those drivers, like the Farmers shared family car discount. This discount is for households that have more drivers than vehicles and a driver under the age of 21 in the home. Farmers is not one of the cheapest car insurance companies overall, though, and high-risk drivers, or drivers who need to have an SR-22 on file, may find cheaper rates...

State Farm is good at paying claims, compared to the average insurance company, scoring 891 out of 1,000 for its claims process in J.D. Power's latest claims satisfaction study. State Farm also earned an A++ from AM Best, indicating it has the ability to pay out claims.

How State Farm's Claims Process Compares to Competitors

You can get a State Farm safe driver discount by participating in the company's optional Drive Safe & Save program. State Farm customers can save up to 30% on their auto insurance policies by participating in this safe driver discount program.

State Farm's Drive Safe & Save program uses information collected from your smartphone or your vehicle's OnStar service, along with in-vehicle beacons, to calculate your discount. The program monitors things like how quickly...

State Farm insurance rates go up by an average of 59% after an accident. Even though an accident will cause State Farm to raise your car insurance premium when you renew your policy, the added cost will only be temporary. An accident will usually affect your State Farm premium for just 3-5 years.

The exact amount that State Farm premiums go up after an accident depends on a few factors, including who was at fault,...

You can lower your Farmers car insurance costs by taking advantage of Farmers discounts, opting for a higher deductible, and reducing your coverage, among other things. Farmers considers a variety of factors when calculating your premium, though some – like your age and location – are out of your control. Fortunately, you can take steps to influence other factors in order to lower your rate.

How to Lower the Cost of Car Insurance from...

You can lower your State Farm car insurance costs by taking advantage of State Farm discounts, opting for a higher deductible, and reducing your coverage, among other things. State Farm considers a variety of factors when calculating your premium, though some – like your age and location – are out of your control. Fortunately, you can take steps to influence other factors in order to lower your rate.

How to Lower the Cost of...

I have State Farm and will be switching to Farmers, soley for cost.  I save almost 50%.  I've heard State Farm customer service is better (and they do have good customer service).  But as far as claims go, both State Farm and Farmers is allegedly great.

Farmers is so expensive because of agent commissions and rising costs overall for insurance companies. At $1,044 per year, the average Farmers car insurance policy is a lot more expensive than the national average of $671 per year for a policy with minimum coverage.

Farmers insurance is even more expensive for drivers with certain characteristics, including young drivers and drivers who have recently caused an accident. For example, teenagers pay an average of $2,588 per year for Farmers insurance, compared...

GEICO and Progressive are better than State Farm, based on factors like average premiums, number of discounts available, and customer service record. GEICO is also one of four top-10 car insurance companies that are cheaper on average than State Farm, along with Travelers and USAA.

State Farm vs. Popular Alternatives