What is State Farm Auto Insurance?
State Farm Auto Insurance is a leading insurance provider known for its excellent coverage, customer service, and competitive rates. The company offers a wide range of coverage options, including liability, collision, comprehensive, and personal injury protection. State Farm also offers rental car coverage, roadside assistance, and various discounts for safe driving, vehicle safety features, and multiple policies.
One of the things that sets State Farm apart from other insurance providers is its personalized service. With over 19,000 agents across the United States, policyholders have access to agents who can help them choose the right coverage for their needs and budget. These agents also provide professional and efficient claims handling, ensuring that customers receive the support they need during a difficult time.
State Farm's mobile app and website also make it easy for policyholders to manage their accounts, track claims, and get in touch with agents. Moreover, the company has invested heavily in innovative technology, such as its Drive Safe and Save program, which uses telematics to track driving behavior and offer personalized discounts based on safe driving habits.
All in all, State Farm Auto Insurance is an excellent choice for individuals and families looking for comprehensive, affordable, and personalized coverage for their vehicles. Whether you have a single car or a fleet of vehicles, State Farm has the knowledge, experience, and resources to provide you with the peace of mind you deserve on the road.
Frequently Asked Questions about state farm auto insurance
State Farm Insurance is a group of mutual insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois. Founded in 1922, it is the largest property, casualty, and auto insurance provider in the United States. U.S. See Subsidiaries below.
The State Farm® mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. Our purpose to help people guides our daily actions. We empower people to be good neighbors and protect what matters most."
State Farm's Business Strategy
State Farm endeavors to sell its good through the business strategy of differentiation ("like a good neighbor"). State Farm offers mutual fund investing, unlike many of the insurance companies, and offers more than 100 products and services.
State Farm is one of America's largest insurance companies, renowned for their reputation as the Good Neighbor brand.
Who are the largest property and casualty insurance companies? State Farm is the largest property and casualty insurance in the United States, with more than $70 billion in premiums in 2021. The rest of the top five insurers are Berkshire Hathaway, Progressive, Liberty Mutual and Allstate.
State Farm has a great customer service reputation, backed by many positive customer reviews and industry studies. Many positive customer reviews mention the company's affordable coverage for drivers and several discount opportunities and usage-based programs that are available.
State Farm has a great customer service reputation, backed by many positive customer reviews and industry studies. Many positive customer reviews mention the company's affordable coverage for drivers and several discount opportunities and usage-based programs that are available.
State Farm is introducing a new tagline. State Farm will always be a good neighbor, even though it's moving to a new tagline. Beginning June 2, the Bloomington, Ill. -based insurance company will use "Here to Help Life Go Right" as part of a marketing reframe that was initiated late last year.
Main Types of Insurance Companies
Among the largest categories of insurance companies are accident and health insurers; property and casualty insurers; and financial guarantors.
State Farm
#1 State Farm: Editor's Choice
State Farm is the nation's largest car insurance company, accounting for 16.8% of all auto policies sold.
By assets
| Rank | Company | Total assets (US$ Billion) |
|---|
| 1 | Allianz | 1,261.9 |
| 2 | Axa | 950.6 |
| 3 | Prudential Financial | 940.7 |
| 4 | Ping An Insurance | 883.9 |
A++
The ratings for State Farm Insurance
| Organization | State Farm Rating |
|---|
| A.M. Best1 A.M. Best1 | State Farm Rating A++ |
| S&P Global Rating2 S&P Global Rating2 | State Farm Rating AA |
An Insurer Financial Strength Rating is our forward-looking opinion about an insurance organization's ability to pay its policies and contracts. Insurer Financial Strength Ratings may be useful for buyers of insurance, risk managers, and employee benefit administrators.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data. The bottom line: With generous coverage and discounts for good driving habits, State Farm is a popular insurer with fewer complaints compared to other large competitors.
Michael L. Tipsord (Sept 2015–)State Farm / CEO
Michael Tipsord is Chairman, President and Chief Executive Officer of State Farm Mutual Automobile Insurance Company.
In insurance, there are 7 basic principles that should be upheld, ie Insurable interest, Utmost good faith, proximate cause, indemnity, subrogation, contribution and loss of minimization.
