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With average annual rates of $1,481 for full coverage and $543 for minimum coverage, State Farm is among the cheapest insurers in the country
State Farm Car Insurance Coverage
Written by: Daniel Robinson Written by: Daniel Robinson Writer Daniel is a team writer and has written for many automotive news sites and marketing companies across the US, UK and Australia, specializing in car financing and car care. Daniel is an insurance team authority Car, loans, warranty options, car services and more.
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Editing: Rishon Michner Editing: Rishon Michner Managing Editor Rishon Michner is an editor for a team of guides with over 10 years of experience covering finance and personal insurance issues.
Not only is State Farm the largest auto insurance provider in the U.S., but the company also provides some of the most affordable average rates to many types of drivers across the country. The insurer’s average rates for full coverage auto insurance clock in below national averages in 36 of The 48 states it serves and in Washington, D.C. Its affordable coverage is one of the many reasons we rank State Farm among the best auto insurance companies.
In this article, we at the guide team will look at average State Farm car insurance costs for different driver profiles. Whether you’re just looking for cheap car insurance or looking for more comprehensive coverage, we’ll point you in the right direction.
The guide team is committed to providing reliable information to help you make the best possible decision about your car insurance. Because consumers trust us to provide objective and accurate information, we’ve created a comprehensive rating system to compile our ranking of the best auto insurance companies. We collected data on dozens of car insurance providers to rank the companies on a wide variety of rating factors. After 800 hours of research, the end result was an overall ranking of each provider, with the insurers who scored the most points at the top of the list.
State Farm Direction To Pay Form
Our research shows that drivers with clean driving records and good credit history pay an average of $1,481 per year or $123 per month for full coverage auto insurance from State Farm. On average, State Farm customers with the same driver profile pay around $543 per year or $45 per month for a minimum liability insurance policy. The insurer’s average costs for both full and minimum coverage fall below the national average.
Full coverage from State Farm is about 14% cheaper than the national average of $1,730 per year or $144 per month. Full coverage auto insurance policies meet the state’s minimum requirements for property damage and bodily injury and include collision and comprehensive coverage. These covers provide protection for your vehicle in the event of an accident, weather event, vandalism or other damage.
Because full coverage policies offer more protection, they come at a higher cost than minimum coverage. They also come with a deductible that must be met before the policy is paid out.
State Farm also offers affordable minimum coverage rates that are about 14% below the national average of $635 per year or $53 per month. This type of coverage, also called liability coverage, meets all of the state’s minimum auto insurance requirements and helps cover property damage and medical payments for other parties when you cause an accident.
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Take a look at how State Farm’s minimum coverage costs stack up against those of other leading insurance providers.
Age is one of the most significant factors used to determine car insurance rates. Teen and young adult policyholders typically pay significantly higher premiums than their older counterparts.
Speeding tickets, DUIs and accidents can raise your State Farm auto insurance premium by 20% or more. See how accidents and violations may affect rates below.
State Farm’s average rates for a comprehensive auto insurance policy fall below statewide averages in 36 of 48 states and Washington, D.C., making the company a great choice for affordable auto insurance coverage.
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State Farm offers several savings opportunities to make auto insurance premiums more affordable. In addition to lower-than-average insurance premiums, State Farm customers can take advantage of the company’s discounts, including:
Telematics insurance plans are becoming more popular ways to save. These usage-based insurance plans allow drivers to receive insurance discounts as a reward for good driving habits.
With State Farm’s Drive Safe & Save™, customers receive a Bluetooth device to mount inside their vehicle. This device monitors driving behaviors such as acceleration, braking and turning. Those who practice safe driving habits can save up to 30% off their current insurance premiums.
Teens and young drivers can get discounts by participating in State Farm’s Steer Clear® training program. Drivers attend classes, watch videos on safe driving habits and take quizzes on the Steer Clear app. As part of the program, drivers must also complete five hours of practice driving.
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Once a driver completes the program, the Steer Clear app provides a certificate of completion, which allows them to earn a discount on their policy. Talk to your State Farm agent to learn more about Steer Clear program discounts in your area.
State Farm has become the nation’s largest auto insurance provider by offering diverse and effective insurance products, excellent customer service and lower than average insurance premiums. The company also provides several ways for customers to save money through good driving habits and a bundle of insurance products.
Comparing auto insurance quotes is a smart first step in choosing the best policy for your needs. While State Farm is our top choice for most drivers, other carriers may better suit your needs or budget. Now that you know about State Farm auto insurance costs, consider checking out USAA and Geico before you make your decision.
USAA is the fifth largest provider of auto insurance products in the US and offers the cheapest average rates of any provider we’ve rated. You and your immediate family can benefit from USAA’s low rates if you’re an active duty military member or veteran.
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As the third largest insurance provider in the US, Geico offers affordable car insurance rates to drivers of all ages and backgrounds nationwide. With the company’s mobile app and DriveEasy program, drivers can take advantage of additional discounts for maintaining a good driving record.
State Farm offers competitive rates on all auto insurance products it provides. The company’s full coverage auto insurance premiums are 14% below the national average, making State Farm an affordable choice for most drivers.
State Farm has been offering quality and reliable auto insurance products for over 100 years. The company regularly receives high customer satisfaction scores and holds an A+ rating from the Better Business Bureau (BBB).
State Farm has thousands of agents available to help customers in every state in the US except Massachusetts and Rhode Island. Visit the State Farm website to find a State Farm agent near you.
State Farm Car Insurance Review 2023
Because consumers trust us to provide objective and accurate information, we’ve created a comprehensive rating system to compile our ranking of the best auto insurance companies. We collected data on dozens of car insurance providers to rank the companies on a wide variety of rating factors. The end result was an overall ranking of each provider, with the insurers with the most points at the top of the list.
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