Farmers vs. State Farm Car Insurance (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.

UPDATED: Jun 17, 2022Fact Checked

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Written by D. Gilson, PhD
Professor & Published Author D. Gilson, PhD

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Jun 17, 2022

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The Highlights

  • 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.

Farmers vs. State Farm Summary
SummaryFarmers Car Insurance StatsState Farm Car Insurance Stats
Year Founded19281922
Headquarters6301 Owensmouth Avenue Woodland Hills, CA 91367One State Farm Plaza Bloomington, IL 61710
Available in how many states?All StatesAll States
Direct Premiums$10.7 Billion$41.1 Billion
Market Share4%16%

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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.

If you want a closer look at both companies, check out Farmers Insurance Group review or State Farm reviews for more information.

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.

Average Monthly Farmers vs. State Farm Car Insurance Rates by Driving Records
Driving Record SummaryFarmers Monthly Car Insurance RatesState 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

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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.

Average Monthly Farmers vs. State Farm Car Insurance Rates by Credit Scores
Credit Score SummaryFarmers Monthly Car Insurance RatesState 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

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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.

Average Monthly Farmers vs. State Farm Car Insurance Rates by Age
Age of DriversFarmers Monthly Car Insurance RatesState Farm Monthly Car Insurance Rates
60-Year-Old Driver$199$156
35-Year-Old Driver$213$173
25-Year-Old Driver$250$204
17-Year-Old Driver$736$553

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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.

Comparing Farmers and State Farm Car Insurance Coverages
Farmers Car Insurance CoveragesState Farm Car Insurance Coverages
LiabilityCollision Coverage
CollisionComprehensive Coverage
ComprehensiveLiability Coverage
Uninsured / Underinsured MotoristCar Rental and Travel Expenses Coverage
Medical PaymentsUninsured Motorist Coverage
Personal Injury Protection (PIP)Underinsured Motorist Coverage
Towing and roadside serviceMedical Payments Coverage
Rental Car ReimbursementEmergency Roadside Assistance
RideshareRideshare Driver Coverage
Loss of Use
Guaranteed Value™
Customized Equipment
Personal Umbrella
Glass Deductible Buyback
Full Windshield and Glass Coverage
Spare Parts Coverage
Original Equipment Manufacturer (OEM)
New Car Replacement Coverage
Accident Forgiveness
Classic/Antique Car Coverage

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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.

Farmers and State Farm Insurance Products
Other Insurance ProductsFarmers AvailabilityState Farm Availability
Boat Insurance
Condo Insurance
Life Insurance
Homeowners Insurance
Travel Trailer Insurance
Renters Insurance
RV Insurance
Motorcycle Insurance
Mobile Home Insurance

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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.

Comparing Farmers and State Farm Discounts
Car Insurance Discount NameFarmers Discount ValuesState Farm Discount Values
Accident Free DiscountN/A15%
Affinity group discountVariesN/A
Anti-lock Brake DiscountVaries20%
Anti-Theft Device DiscountVaries15%
Claims Free Renewal DiscountVariesVaries
Daytime Running Lights DiscountVariesVaries
Defensive Driver DiscountVaries5%
Driving Habits DiscountVaries30%
Driving training discountVariesVaries
Early Quote DiscountVariesN/A
E-billing DiscountVariesN/A
Electronic Stability ControlVariesN/A
EV/Hybrid Discount5%N/A
Family DiscountVariesN/A
Good Credit DiscountN/A80%
Good Driver DiscountVaries25%
Good Payer DiscountVariesN/A
Good Student DiscountVaries25%
Home Owner DiscountVariesVaries
Low Mileage DiscountN/A10%
Loyalty DiscountVariesVaries
Mature driver discountVariesVaries
Military DiscountVariesVaries
Multiple Policy Discount10%17%
Multiple Vehicle DiscountVaries20%
New Car DiscountN/A40%
On Your Own DiscountVariesN/A
Organization DiscountVariesN/A
Paid in full discountVariesN/A
Paperless documents discountVariesN/A
Passive Restraint DiscountVaries40%
Preferred payment discountVariesN/A
Prepay DiscountVariesN/A
Professional organization discountVariesN/A
Provider Switch DiscountVariesN/A
Senior Adult DiscountVariesVaries
Student Away at School DiscountVariesVaries
teenSMART DiscountVaries15%
Travelink DiscountN/AVaries
VIN EtchingVariesN/A
Youth Driving DiscountVariesN/A

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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.

Comparing Pros and Cons of Farmers vs. State Farm
Farmers ProsFarmers ConsState Farm ProsState Farm Cons
Get extra benefits through when you shop with an agentFarmers' online quote tool has a chance to miss dealsEasy to file a claimCost is higher for customers with poor credit
Farmers have special coverage options for antique and classic carsAbove average complaint indexCheap auto insurance ratesHas fewer discounts than most competitors
Rideshare Coverage for rideshare driversGood financial strength ratings
Excellent customer review ratings

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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.

Farmers vs. State Farm Financial Strength and Credit Ratings
AgenciesFarmers RatingsState Farm Ratings
AM BestAA++
Better Business Bureau (BBB)A+A+
NAIC Complaint Index1.080.98
J.D. Power - Power Circle RatingsAbout AverageBetter Than Most
Consumer Reports8989

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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.

Farmers vs. State Farm Mobile App Ratings
Smart Device Stores/SystemsFarmers Mobile App Star RatingsState Farm Mobile App Star Ratings
Apple App Store (iOS)5 stars3 stars
Google Play Store (Android)4 stars4 stars

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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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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.

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