State Farm Insurance ratings and coverages

Comparing Car Insurance Rates From State Farm

How much is State Farm auto insurance? Car insurance rates vary greatly based on many of your unique characteristics including age, marital status, credit score, where you live, and the company you choose.

In the graph below, you can see the average cost of State Farm car insurance compared to the national average cost of car insurance. The graph is split into four categories: teen driver, single adult, married couple, and senior driver.

The average State Farm car insurance rates for teen drivers and senior drivers are lower than the national average cost of car insurance, but the average State Farm rates for single adult drivers and married couples are higher than the national average.

Please note that these are average car insurance rates based on specific profiles. Your State Farm auto insurance policy could cost more or less based on your profile and location.

Comparing State Farm Homeowners Insurance Costs

Much like car insurance, homeowners insurance also varies based on a number of factors specific to you including the location of your home, your home's condition and age, the size and type of home, the crime rate in your area, your insurance claims history, and your credit score.

In the graph below, you can see the average cost of State Farm homeowners insurance compared to the national average of homeowners insurance. The graph is split into two categories: a home worth $200,000 and a home worth $400,000.

The average State Farm homeowners insurance rates for both home profiles are both lower than the national average of homeowners insurance.

Please note that these are average homeowners insurance rates based on specific profiles and your rate could be higher or lower based on your unique characteristics that affect homeowners insurance rates.

State Farm Car Insurance Discounts

Does State Farm give an AARP discount? Can you get a good student discount from State Farm? What about a multi-car discount from State Farm?

In order to keep rates on coverages low, State Farm customers may qualify for one or more car insurance discounts. These discounts are based off of being a safe driver, driving a safe vehicle, or being a loyal State Farm customer.

By taking advantage of these discounts you may qualify for cheap State Farm insurance. Keep reading to learn how to get a good student discount from State Farm and more.

Note: Discounts vary by state. Talk to your insurance agent to see what discount from State Farm you may be eligible for when you get an insurance quote.

Safe Driver Discounts

• Accident-Free Discount: Available to policyholders who have been insured by State Farm for 3 consecutive years without a chargeable accident.
• Defensive Driving Course Discount: Taking a driver safety course, in certain states, may qualify you for auto insurance discounts with State Farm.
• Student Away at School Discount: Available to State Farm policyholders who have a student under the age of 25, that lives at school and only uses the vehicle during school vacations and holidays.
• Good Driving Discount: New State Farm policyholders may receive this discount if they have been without an accident for 3 consecutive years.
• Driver Training Discount: A discount is available to State Farm drivers under the age of 21 who have completed a driver’s education course.
• Good Student Discount: State Farm good student discounts save up to 25% if young drivers have good grades. Drivers are eligible up until the age of 25.

Safe Vehicle Discounts

• Vehicle Safety Discount: For vehicles made in 1994 or later, State Farm may discount up to 40 percent for medical-related coverage.
• Passive Restraint Discount: Vehicles insured by State Farm that were made after 1993 and include a factory-installed airbag or similar passive restraint device are eligible for a 40 percent medical-related coverage discount.
• Anti-Theft Discount: Vehicles equipped with anti-theft technology and alarms are eligible for discounts with State Farm.

Loyalty Discounts

• Multiple Auto Discount: Up to 20 percent discounts are available if two or more vehicles in your household are insured by State Farm.
• Multiple Line Discount: Up to 17 percent discount if you combine auto insurance with homeowners, renters, condo, or life insurance for a State Farm bundle.

State Farm Home Insurance Discounts

Find out if you qualify for savings from this State Farm homeowners discounts list:

• Multiple Line Discount: A multi-line discount from State Farm only applies if you bundle home, auto, renters, condo, or life insurance policies.
• Home Alert Protection Discount: You may qualify for this State Farm discount if your home is equipped with fire, smoke, or burglar alarms or any other home monitoring system.
• Roofing Discounts: If your home has certain impact-resistant roofing products, you may qualify for a discount.

The Bottom Line on State Farm Insurance

State Farm is the best insurance in terms of rates and coverage options, but costs and availability will vary by state. Fortunately, State Farm has a network of local agents who work with customers to find the right policy.

The State Farm comprehensive rating group is how the company assesses policyholder risk. If your index rating is high, you will have cheaper rates. If you have a low rating, enter your ZIP code to find more affordable insurance in your area.

Frequently Asked Questions

Is State Farm a good car insurance company?

State Farm is the most popular insurance provider in the U.S. It has a a Superior A++ financial rating from A.M. Best and is among the top five companies for claims and customer satisfaction.

How much does State Farm Insurance cost?

Drivers in most states can get cheap State Farm car insurance for $50/mo for minimum coverage and $130/mo for full coverage.

What is considered low mileage for State Farm?

State Farm offers a low-mileage discount to policyholders who don't drive many miles. State Farm considers low mileage as less than 7,500 miles for personal use a year.

How much is the State Farm low-mileage discount?

State Farm discounts vary based on driving history and the vehicle make and model. Low-mileage drivers can save up to 30% if they sign up for Drive Safe & Save.

Does State Farm give seniors a discount?

There is no State Farm AARP discount. But while it doesn't offer a specific senior discount, senior drivers may want to consider getting a quote from State Farm. State Farm rates for senior drivers are often considered affordable compared to other companies. It's important to remember that the best way to find out what discounts you may qualify for is to talk to an agent.

How do I get a State Farm home security discount?

State Farm offers a Home Alert Protection Discount on homeowners insurance. If your home has fire, smoke, burglar alarms or any other home monitoring and alert systems, you could qualify for this discount from State Farm.

What is the customer rating index with State Farm?

The State Farm customer rating index is how the provider determines the risk class of its policyholders. The higher your risk, the lower your rating, and the more expensive your rates.

What is a good customer rating index State Farm?

The State Farm elite tier is the highest customer rating of 1600 or higher. It's reserved for low-risk drivers with no accidents or claims on their records. Your rating will be listed on your policy as "State Farm Customer Rating Index Tier Elite 1796." The number will vary based on your personal rating.

Does State Farm provide SR-22 insurance?

State Farm does file SR-22 car insurance. Once it's filed, your insurance customer rating index will drop, and you'll see your monthly rates increase.

Customers' choice awards