Farmers vs. State Farm Car Insurance: Expert Recommended (2023)
Farmers and State Farm are excellent car insurance companies. However, our Farmers vs. State Farm car insurance guide reveals that both companies' earnings are like night and day. State Farm has better rates and a better A.M. Best rating. To get the full outlook of the Farmers vs. State Farm auto insurance matchup, compare rates, coverages, discounts, and third-party ratings.
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Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
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UPDATED: Oct 3, 2023
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- Farmers Insurance has a lower market share than State Farm insurance, but State Farm’s rates are cheaper.
- Your car insurance rates are determined by several factors, such as driving record, credit score, and age.
- More Farmers or State Farm coverage on your insurance policy could mean higher prices.
- State Farm is a good company, but its mobile app ratings lag Farmers’ mobile app ratings.
Farmers Insurance (Farmers) and State Farm are excellent companies, but you may not be aware of some of the companies’ differences.
Our Farmers vs. State Farm auto insurance review, helps you compare car insurance rates, coverages, discounts, other insurance products, and third-party ratings.
State Farm and Farmers aren’t your only options. If you don’t want to look at Farmers vs. State Farm car insurance quotes, enter your ZIP code in the free comparison tool above to compare auto quotes from multiple companies.
To learn more about Farmers vs. State Farm car insurance rates, keep reading.
Farmers vs. State Farm Car Insurance: Which company is the cheapest?
Before we go into which company is the cheapest, let’s see the matchup between Farmers and State Farm. This will give you an idea of each company’s capability to provide reliable car insurance.
|Summary||Farmers Car Insurance Stats||State Farm Car Insurance Stats|
|Headquarters||6301 Owensmouth Avenue Woodland Hills, CA 91367||One State Farm Plaza Bloomington, IL 61710|
|Available in how many states?||All States||All States|
|Direct Premiums||$10.7 Billion||$41.1 Billion|
State Farm’s direct premiums and market share are much bigger than Farmers’ stats. However, smaller numbers don’t mean a company is less reliable.
There may be a few factors that make Farmers a better company, but that’s up to you to decide.
Which is cheapest by driving record?
One of the most significant factors when your determining auto insurance premium is your driving record. Car insurance companies want to know your driving performance.
According to the Texas Department of Insurance, an auto insurance company is supposed to issue cheaper rates after three years of no traffic incidents or traffic-related convictions.
If you have any traffic violations or convictions on your driving record, here’s what your car insurance rates could look like at Farmers and State Farm.
|Driving Record Summary||Farmers Monthly Car Insurance Rates||State Farm Monthly Car Insurance Rates|
|Clean Driving Record||$288||$235|
|With One Speeding Violation||$340||$266|
|With One Accident||$377||$283|
|With One DUI||$393||$303|
Clean driving records generate the cheapest rates at both companies. However, State Farm is the more affordable company regarding driving records.
Which is cheapest by credit score?
Your credit score is a significant factor too. Car insurance companies correlate your credit score to your level of risk. The better your credit, the less you’ll pay for auto insurance per month.
If you have a bad credit score, auto insurance companies will issue a much higher price. Let’s examine how Farmers and State Farm calculate your car insurance based on credit score.
|Credit Score Summary||Farmers Monthly Car Insurance Rates||State Farm Monthly Car Insurance Rates|
|Good Credit (670-739)||$306||$181|
|Fair Credit Score (580-669)||$325||$238|
|Poor Credit Score (300-579)||$405||$413|
State Farm is cheaper than Farmers until you compare the poor credit score. Farmers car insurance is less expensive for customers who have a bad credit score.
Which is cheapest by age?
If you’re already familiar with car insurance, you know that car insurance companies issue expensive rates when a teen driver is on your policy. Non-standard auto insurance rates usually cover young drivers.
Meanwhile, drivers over the age of 24 have cheaper rates for their monthly or annual premiums. Let’s examine Farmers and State Farm auto insurance rates based on age.
|Age of Drivers||Farmers Monthly Car Insurance Rates||State Farm Monthly Car Insurance Rates|
Farmers auto insurance charges $40 or more than State Farm when they calculate car insurance rates by age. Take advantage of student discounts to lower expensive rates for teen drivers and consider an older car for teen drivers.
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Farmers vs. State Farm Car Insurance Coverages
When it comes to auto insurance rates, State Farm appears to have won that battle. What about policy options and car insurance coverages?
We compiled a list of auto insurance coverages that’s available at both companies. Let’s check out the comparison and see which company has more.
|Farmers Car Insurance Coverages||State Farm Car Insurance Coverages|
|Uninsured / Underinsured Motorist||Car Rental and Travel Expenses Coverage|
|Medical Payments||Uninsured Motorist Coverage|
|Personal Injury Protection (PIP)||Underinsured Motorist Coverage|
|Towing and roadside service||Medical Payments Coverage|
|Rental Car Reimbursement||Emergency Roadside Assistance|
|Rideshare||Rideshare Driver Coverage|
|Loss of Use|
|Glass Deductible Buyback|
|Full Windshield and Glass Coverage|
|Spare Parts Coverage|
|Original Equipment Manufacturer (OEM)|
|New Car Replacement Coverage|
|Classic/Antique Car Coverage|
State Farm car insurance rates may be cheaper, but Farmers have more coverage options. The number of coverage may explain why their auto insurance rates are more expensive.
Farmers vs. State Farm Insurance Products
If you have your eye on another insurance service, try searching within the company where you’re getting auto insurance. Most car insurance providers offer bundling discounts when you add another insurance service to the bill.
Let’s review a list of insurance products Farmers and State Farm provides for customers.
|Other Insurance Products||Farmers Availability||State Farm Availability|
|Travel Trailer Insurance||✔|
|Mobile Home Insurance||✔||✔|
Once again, Farmers provides a little more than State Farm. Despite Farmers’ market share, it has a bigger solution than most companies.
Farmers vs. State Farm Car Insurance: Who has more discounts?
You should never give up on a car insurance company because sample rates show expensive rates. Why? Discounts can slash prices, making a costly car insurance rate turn into a cost-efficient price. Let’s compare the number of deals that are available at Farmers and State Farm.
|Car Insurance Discount Name||Farmers Discount Values||State Farm Discount Values|
|Accident Free Discount||N/A||15%|
|Affinity group discount||Varies||N/A|
|Anti-lock Brake Discount||Varies||20%|
|Anti-Theft Device Discount||Varies||15%|
|Claims Free Renewal Discount||Varies||Varies|
|Daytime Running Lights Discount||Varies||Varies|
|Defensive Driver Discount||Varies||5%|
|Driving Habits Discount||Varies||30%|
|Driving training discount||Varies||Varies|
|Early Quote Discount||Varies||N/A|
|Electronic Stability Control||Varies||N/A|
|Good Credit Discount||N/A||80%|
|Good Driver Discount||Varies||25%|
|Good Payer Discount||Varies||N/A|
|Good Student Discount||Varies||25%|
|Home Owner Discount||Varies||Varies|
|Low Mileage Discount||N/A||10%|
|Mature driver discount||Varies||Varies|
|Multiple Policy Discount||10%||17%|
|Multiple Vehicle Discount||Varies||20%|
|New Car Discount||N/A||40%|
|On Your Own Discount||Varies||N/A|
|Paid in full discount||Varies||N/A|
|Paperless documents discount||Varies||N/A|
|Passive Restraint Discount||Varies||40%|
|Preferred payment discount||Varies||N/A|
|Professional organization discount||Varies||N/A|
|Provider Switch Discount||Varies||N/A|
|Senior Adult Discount||Varies||Varies|
|Student Away at School Discount||Varies||Varies|
|Youth Driving Discount||Varies||N/A|
State Farm has fewer discounts, while Farmers has a large assortment of discounts you could qualify for. However, the value of most Farmers’ discounts depends on specific conditions. You’ll have to ask a Farmers customer service representative for more details.
Farmers vs. State Farm Car Insurance Reviews
To ensure that you’re making the right choice when buying auto insurance, you should check out various ratings. Each rating reveals something about how a company you’re curious about performs.
We explain Farmers’ and State Farm’s pros, cons, and third-party ratings in the subsections below. The purpose of these ratings and reviews is to provide you with the reassurance that you’re making the right decision.
Pros and Cons
Let’s begin our investigation with advantages and disadvantages at Farmers and State Farm.
|Farmers Pros||Farmers Cons||State Farm Pros||State Farm Cons|
|Get extra benefits through when you shop with an agent||Farmers' online quote tool has a chance to miss deals||Easy to file a claim||Cost is higher for customers with poor credit|
|Farmers have special coverage options for antique and classic cars||Above average complaint index||Cheap auto insurance rates||Has fewer discounts than most competitors|
|Rideshare Coverage for rideshare drivers||Good financial strength ratings|
|Excellent customer review ratings|
Both companies show promise. Farmers and State Farm have more pros than cons.
Financial Strength and Credit Ratings
Have you ever wondered how auto insurance companies manage money? Every year, car insurance companies are judged on how they handle money and what customer satisfaction is like for a company.
Farmers and State Farm participate in these studies, and financial strength and credit rating agencies publish their results online through various publications. Here are the latest reports of the most reliable agencies.
|Agencies||Farmers Ratings||State Farm Ratings|
|Better Business Bureau (BBB)||A+||A+|
|NAIC Complaint Index||1.08||0.98|
|J.D. Power - Power Circle Ratings||About Average||Better Than Most|
AM Best, Moody’s, and S&P show the financial strength of Farmers and State Farm. So far, State Farm’s ratings are much better than Farmers’ ratings.
The BBB, NAIC Complaint Index, J.D. Power, and Consumer Reports show customer satisfaction scores. Although Farmers and State Farm have the same Consumer Reports rating, State Farm outperforms Farmers in all other customer satisfaction studies.
Mobile App Ratings
Since smartphones are essential to most auto insurance shoppers, companies want to remain versatile. Therefore, companies like Farmers and State Farm provide mobile apps for customers.
All mobile apps are provided in the Apple App Store and the Google Play Store. Each store allows consumers to rate apps. Let’s see how Farmers and State Farm are rated on each platform.
|Smart Device Stores/Systems||Farmers Mobile App Star Ratings||State Farm Mobile App Star Ratings|
|Apple App Store (iOS)||5 stars||3 stars|
|Google Play Store (Android)||4 stars||4 stars|
Overall, Farmers has a much better mobile app experience. Farmers’ iOS rating is two stars higher than State Farm. However, both companies have the same rating in the Google Play Store.
If you want to use Farmers’ or State Farm’s insurance mobile app, create a Farmers login or State Farm login to access your auto insurance policy on your smartphone.
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Evaluating Claims Processes: Farmers vs. State Farm Car Insurance
Ease of Filing a Claim (online, over the phone, mobile apps)
When it comes to the claims process for Farmers and State Farm car insurance, both companies offer multiple avenues for policyholders to file claims. You can conveniently file a claim with both companies through their online platforms, over the phone, or by using their mobile apps.
Both Farmers and State Farm understand the importance of providing flexibility in the claims reporting process, making it easy for customers to report incidents in a way that suits their preferences.
Average Claim Processing Time
The average claim processing time is a crucial factor to consider when evaluating an insurance provider. While the specific processing time may vary depending on the complexity of the claim and the circumstances, both Farmers and State Farm aim to process claims efficiently to provide timely assistance to their policyholders.
It’s essential to keep in mind that claim processing times can be influenced by various factors, including the nature of the claim and the documentation provided by the policyholder.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback on claim resolutions and payouts can provide valuable insights into the overall customer experience with an insurance company. Both Farmers and State Farm have a history of serving customers, and their track records include numerous customer testimonials and reviews.
When assessing customer feedback on claim resolutions and payouts, it’s essential to consider the individual circumstances of each claim. Factors such as policy coverage, claim documentation, and the specific details of the incident can all impact the outcome of a claim.
Exploring the Digital Advancements: Farmers vs. State Farm Car Insurance
Mobile App Features and Functionality
Both Farmers and State Farm offer mobile apps that provide policyholders with convenient access to their insurance information. These apps typically include features such as digital ID cards, claims filing capabilities, bill payment options, and access to policy documents.
The mobile app experience may vary between the two companies, so it’s recommended to explore and compare the features and functionality offered by each app to determine which one aligns better with your preferences and needs.
Online Account Management Capabilities
Managing your insurance policies online is becoming increasingly important in today’s digital age. Both Farmers and State Farm offer online account management capabilities that allow policyholders to review and update their policies, make payments, and access important documents through secure online portals.
Online account management can provide policyholders with the flexibility and convenience to handle their insurance needs from anywhere with internet access.
Digital Tools and Resources
In addition to mobile apps and online account management, Farmers and State Farm may offer various digital tools and resources to assist policyholders. These tools may include educational resources, insurance calculators, and resources for safe driving.
Exploring the digital tools and resources provided by each company can help you assess their commitment to helping customers make informed decisions and maintain safe driving habits.
Farmers vs. State Farm Car Insurance: The Bottom Line
State Farm has many advantages over Farmers, but there are a few things Farmers has that you could use. Try grabbing a quote from both companies to see which company works best for you.
Check out other auto insurance rates in your local area by entering your ZIP code in the free online quote below if you want to find companies outside the Farmers vs. State Farm car insurance guide.
Frequently Asked Questions
Which company offers better customer service, Farmers or State Farm?
Both Farmers and State Farm have a reputation for providing excellent customer service. They have dedicated customer support teams available to assist with claims, policy changes, and other inquiries.
Does Farmers or State Farm offer roadside assistance?
Both Farmers and State Farm offer roadside assistance as an optional add-on to their car insurance policies. This coverage can provide help with services like towing, jump-starts, and lockout assistance.
Can I get a quote from both Farmers and State Farm before deciding?
Yes, you can get a quote from both Farmers and State Farm to compare their prices and policies. It’s recommended to get multiple quotes from different companies to ensure you’re getting the best deal.
Can I bundle my car insurance with other types of insurance with Farmers or State Farm?
Both Farmers and State Farm offer the ability to bundle your car insurance with other types of insurance, such as homeowners or renters insurance. Bundling can often result in discounts and simplified billing.
Can I get coverage for a leased or financed vehicle with Farmers or State Farm?
Yes, both companies offer coverage for leased or financed vehicles. It’s recommended to review their policies to see what specific coverages are available for leased or financed cars.
Does Farmers or State Farm offer coverage for ridesharing services like Uber or Lyft?
Both companies offer coverage options for ridesharing services as an optional add-on to their policies. This coverage can provide protection for drivers who use their personal vehicles for ridesharing.
Can I customize my coverage with Farmers or State Farm?
Yes, both companies offer the ability to customize your coverage to fit your specific needs. You can choose from a variety of coverage options and limits to create a policy that works best for you.