A.M. Best: A++Market Share: 16.2%Founded 1922 | Bloomington, IL
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State Farm is the largest auto and home insurance company in the United States with a 16.2% market share. Founded in 1922, they are known for their extensive agent network and strong financial stability.
Average State Farm Insurance Rates
Auto Insurance
$1,480/yr
Home Insurance
$1,520/yr
State Farm Pros and Cons
Pros
+ Largest auto insurer in US
+ 18,000+ agent offices
+ Excellent financial strength
+ Good bundle discounts
Cons
- Higher than average rates
- Limited online tools
- Not available in all states for all products
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Insurance Products Offered
State Farm offers coverage in: Auto, Home, Life, Health.
Company Overview
Founded: 1922
Headquarters: Bloomington, IL
A.M. Best Rating: A++
Market Share: 16.2%
Frequently Asked Questions
Is State Farm a good insurance company?
State Farm has an A.M. Best financial strength rating of A++ and a market share of 16.2%. Largest auto insurer in US. However, higher than average rates.
How much does State Farm insurance cost?
State Farm auto insurance averages $1,480/year. Home insurance averages $1,520/year. Your actual rate depends on your profile, location, and coverage needs.
What types of insurance does State Farm offer?
State Farm offers: Auto, Home, Life, Health insurance. They are headquartered in Bloomington, IL and were founded in 1922.