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State Farm is the largest and most popular insurer in the country, providing policies for homes and other property types in all 50 states. State Farm is successful in large part because of its extensive network of agents, its industry leading financial strength, and its excellent online resources and digital tools for first-time insureds.
When insuring your home with State Farm, you can expect a few things: relative affordability (compared to other standard home insurers), consistency and reliability. State Farm isn’t going to blow you away with multiple policy tiers and coverage add-ons and discounts like other carriers in the industry, but they excel at what a basic provider of homeowners insurance should. Need to make a change to your policy or file a claim? State Farm has over 18,000 agents—there’s probably five or six in your area alone who can assist you. Concerned about what will happen if you lose your home in a disaster? Don’t be, State Farm has an A++ financial rating with A.M. Best (the best rating an insurer can have) and a AA long-term outlook rating with S&P, so rest assured they’ll have your back if something goes awry.
But if you’re looking for something beyond just standard coverage, State Farm may not be for you. If you have a large customized home and multiple expensive assets to protect, you may want to go with a more specialized or premier insurance company.
Market share: 18%
A.M. Best rating: A++
Better Business Bureau rating: A+
Consumer Reports: 85/100
J.D. Power: 3/5
State Farm homeowners insurance is available in all 50 states and the District of Columbia.
Homeowners insurance costs will vary based on where you live, your home type, how much coverage you need, your credit score, and a number of other factors. But all the same, State Farm offers one of the more competitively-priced basic homeowners insurance policies in the country.
Below is a sample quote for an 1,800-square-foot, single-family home in Westchester, New York with a $2,000 policy deductible. The average annual premium came out to around $1,700, or $140 a month. For comparison’s sake, the average home insurance premium in the U.S. is around $1,200 a year.
|Primary coverages||Policy limits|
|Medical payments for guests||$1,000|
Here’s how State Farm stacks up against the competition in terms of the most common coverage endorsement offerings:
Here are some (but not all) of the discounts offered by State Farm. Keep in mind that some discounts aren’t available in every state.
State Farm’s application process is remarkably fast and can be done mostly online. You simply plug in your ZIP code, indicate when you’d like your policy to start, and then you provide basic information about your home. You’ll be given the option to indicate your home’s replacement cost yourself or use State Farm’s estimation tool that guesses its insured value based on home characteristics. Once you’re done, State Farm provides you with a list of local agents to call and make sure everything on your application is correct so you can finalize your policy. The entire process should take around 10 to 15 minutes.
State Farm’s website provides a transparent and complete picture of how their claims process works. They list a few different options for filing claims: by contacting your agent directly, calling State Farm’s claims division, logging into the State Farm website and filing a claim, or by using the State Farm mobile app.
State Farm offers several types of property insurance. If you’re looking to buy home insurance and you have other coverage needs, consider bundling insurances.
Headquarters: Bloomington, IL
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Yes, we have to include some legalese down here. Read it larger on our legal page. Policygenius Inc. (“Policygenius”) is a licensed independent insurance broker. Policygenius does not underwrite any insurance policy described on this website. The information provided on this site has been developed by Policygenius for general informational and educational purposes. We do our best efforts to ensure that this information is up-to-date and accurate. Any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application. Savings are estimated by comparing the highest and lowest price for a shopper in a given health class. For example: for a 30-year old non-smoker male in South Carolina with excellent health and a preferred plus health class, comparing quotes for a $500,000, 20-year term life policy, the price difference between the lowest and highest quotes is 60%. For that same shopper in New York, the price difference is 40%. Rates are subject to change and are valid as of 2/17/17.
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