Farmers vs. State Farm

Which car insurance do consumers say is best?

State Farm reigns supreme as the largest car insurance company in the country, controlling more than 18 percent of the market in 2017. And while Farmers Insurance may not be able to boast quite the same market share, it ranks as the sixth largest car insurer in the United States with 3.3 percent of the market.

For those shopping for a car insurance company, State Farm and Farmers Insurance offer many of the same features consumers are looking for. They both have vast agent networks and a variety of insurance products to bundle car insurance with. But which of the two companies have consumers had better experiences with?

Thanks to thousands of car insurance reviews for both companies, we’ve outlined consumer ratings for each company to determine who consumers prefer. You can find company overviews, consumer ratings and company discounts below.

Jump to: Consumer ratings of Farmers and State Farm

Farmers vs. State Farm car insurance rates

Which car insurance company offers cheaper car insurance rates, Farmers or State Farm? While the rates the companies offer will vary by person and location, we've gathered average national rates to provide a comparison of Farmers and State Farm.

In the table below, compare the average national car insurance rates for Farmers and State Farm for three different driver profiles for male and female. Keep in mind these are only national averages for a certain profile. Your car insurance rates will differ from these depending on where you live, your unique driver profile and your coverages, among other things.

Driver profile Farmers average rates State Farm average rates
Male teen $3,513 $1,967
Male adult $1,491 $1,418
Male senior $1,168 $1,062
Driver profile Farmers average rates State Farm average rates
Female teen $3,285 $1,721
Female adult $1,537 $1,418
Female senior $1,085 $1,062

To determine the average national rates for male and female drivers for Farmers and State Farm, we created three driver profiles for both males and females and got rates for drivers for each profile. The profiles for male and female drivers were an 18-year-old teen with state minimum coverages and fair credit; a 35-year-old single adult with 100/300/50 liability limits in addition to full coverage with $500 deductibles for collision and comprehensive, a good credit score and one driving violation in the last three years; and a 65-year-old driver with 100/300/50 liability limits in addition to full coverage with $500 deductibles for collision and comprehensive, a good credit score and no driving violations in the last three years. Additionally, we averaged the rates in each state we had data for that company. Rate data is provided by Quadrant Information Services.

Farmers Insurance overview

Farmers Insurance, based in Los Angeles, California, operates through a large network of more than 48,000 exclusive and independent agents. In addition to car insurance, Farmers Insurance also sells homeowners, renters, life, business and many others lines of insurance. In fact, one of the ways policyholders can save on their insurance premiums is by insuring multiple products, such as a car and home, with Farmers Insurance.

Similar to many of the nation’s largest car insurers, including State Farm, Farmers Insurance is giving its policyholders a way to prove how good they are as drivers. Farmers Insurance has a program called Signal, which tracks and monitors your driving habits, including your phone use, heavy breaking, excessive speed, the number of miles driven and the time of day you drive. Though this program isn’t available in all states (ask a Farmers agent or check the Farmers website to see if you’re eligible), it can be a great way to earn a cheaper car insurance rate.

Farmers Insurance also has optional coverage for drivers who are afraid their rates will jump after an at-fault accident. If you’ve remained accident free in the past, but have an at-fault accident, Farmers Insurance will forgive one accident for every three years you drive without an accident.

Another add-on coverage that’s growing in popularity is rideshare coverage. While companies such as Uber and Lyft offer some insurance coverage, most insurers exclude personal coverage when you’re driving for a transportation network company (TNC), such as Uber or Lyft. But in order to fill in those gaps, companies like Farmers Insurance have now begun offering rideshare insurance as an optional coverage.

Interested in learning more about additional coverage options through Farmers Insurance? You can find a full list of Farmers Insurance’s optional coverages here.

Read Farmers Insurance reveiws

State Farm overview

State Farm, based out of Bloomington, Illinois, is well-known for its vast network of agents. So despite being the largest car insurance company in the country, State Farm still prides itself on a local feel by employing more than 18,000 agents nationwide.

State Farm’s version of Farmers’ Signal program is its Drive Safe and Save discount. By allowing State Farm to track your driving through your mobile device or your vehicle’s OnStar system, you could qualify for a discount of up to 50 percent, according to State Farm. To learn more about car tracking device programs, including State Farm’s Drive Safe and Save, check out our blog.

Like Farmers, State Farm also caters to drivers who drive for companies like Uber or Lyft. Offering a rideshare coverage program, State Farm says that it typically costs about 15 to 20 percent more than your normal, personal State Farm premium.

State Farm also offers ways for younger drivers to earn savings. In addition to a good student discount, State Farm also has an initiative called the Steer Clear Driver Program. If you’re under the age of 25 and have been accident and violation free for at least the past three years, you can complete the Steer Clear program to earn a discount. You can learn more about the program by visiting State Farm’s website.

Read State Farm reveiws

How do consumers rate Farmers Insurance and State Farm?

What discounts do Farmers Insurance and State Farm offer?

Talk with an agent or visit the company’s website for a comprehensive list of all discounts you may qualify for.

What additional features do Farmers Insurance and State Farm offer?

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