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Farmers Insurance vs State Farm

Farmers Insurance

Farmers Insurance

9.5Excellent

  • Bundle savings potential of up to 20% when combining home and auto policies.

  • Tiered home coverage (Standard, Enhanced, Premier) for policy customization.

  • Signal telematics program offers stackable safe-driving auto savings.

  • Wide selection of endorsements and add-ons.

  • Large national agent network.

About Farmers Insurance

Farmers Insurance was founded in the late 1928 and is headquartered in Woodland Hills, California. The Farmers Insurance Group covers more than 50 million policies across the United States, placing it among the country's largest property and casualty insurers by policy count. Farmers carries an A (Excellent) AM Best financial strength rating, signaling a solid ability to meet ongoing policyholder obligations.

Farmers Features and Benefits

Farmers stands out because it gives homeowners more control over how their policies are structured than many major competitors. The company also pairs its home coverage flexibility with several strong auto insurance customization and discount options.

  • Homeowners coverage available in 3 tiers

  • Signal telematics program rewards safe driving with additional discounts

  • OEM parts coverage available for eligible repairs

  • Gap insurance and rideshare coverage available

  • Broad endorsement lineup for more customized protection

  • Strong fit for households with more complex coverage needs

Farmers Editorial Rating

Farmers earns a score of 9.5 in our review, based on our strict rating criteria. The score reflects the highest in our overview of the best insurance bundles. It reflects industry-leading bundle savings, deep coverage customization, and broad availability, balanced against above-average base premiums and mixed customer satisfaction ratings from J.D. Power and the National Association of Insurance Commissioners (NAIC).

Is Farmers Worth It?

Farmers is most competitive for households that want detailed control over home coverage and plan to stack multiple discounts, including the Signal safe-driving program. It is less competitive for shoppers focused primarily on base premium cost.

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See Your Bundling Options

State Farm Insurance

State Farm Insurance

9.4Great

  • Multi-policy discount averages roughly 20% on combined home and auto.

  • Largest agent network in the United States for in-person service.

  • Drive Safe & Save telematics adds stacked savings for safe driving.

  • Consistently high J.D. Power customer satisfaction and claims ratings.

  • Highly rated mobile app for billing, claims, and policy changes.

About State Farm Insurance

State Farm was founded in 1922 and is headquartered in Bloomington, Illinois. The company is the largest U.S. property and casualty insurer by premium volume, and it carries an A+ (Superior) AM Best rating. State Farm covers approximately 96 million policies throughout 48 states and D.C.

State Farm Features and Benefits

State Farm stands out for its combination of strong claims satisfaction, extensive local agent access, and competitive bundle savings. The company blends traditional in-person support with highly rated digital tools, making it appealing to a wide range of households.

  • More than 19,000 local agent offices nationwide

  • Strong reputation for claims handling and customer service

  • Average home and auto bundle savings around 20%

  • Drive Safe & Save program rewards safe drivers with additional discounts

  • Coverage available for auto, homeowners, renters, condo, and life insurance

  • Highly rated mobile app for billing, claims, and policy management

State Farm Editorial Rating

State Farm earns a 9.4 in our review, second only to Farmers in our overview of the best insurance companies for bundling. The score reflects industry-leading customer experience, far-reaching availability, and solid financial strength, balanced against more limited coverage customization compared to Farmers' tiered home structure.

Is State Farm Worth It?

State Farm is most competitive for households that prioritize claims responsiveness and in-person agent access. It is less competitive for households with unique coverage needs that benefit from Farmers' tiered home structure.

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Farmers Insurance vs State Farm

Farmers and State Farm are two of the most recognizable insurance companies in the country, and both offer competitive home and auto bundles, but compared side-by-side, they win on different fronts.

This comparison breaks down where each carrier leads, where it falls short, and which one fits which household.

Farmers Insurance vs State Farm

Farmers and State Farm both offer appealing home and auto bundles. However, they each win on very different fronts. State Farm leads on price, customer service, and claims satisfaction. Farmers, on the other hand, leads on customization, endorsement depth, and total discount opportunities. The right pick depends on which trade-off is most valuable compared to your needs.

How does Farmers compare to State Farm?

The table below summarizes the most important data points across both insurers, drawn from our editorial reviews and publicly reported figures.

Attribute

Farmers

State Farm

Editorial Rating

9.5

9.4

Bundle Discount

Up to 20%

~20% average

AM Best Financial Strength

A (Excellent)

A+ (Superior)

Year Founded

1928

1922

Headquarters

Woodland Hills, CA

Bloomington, IL

Telematics Program

Signal

Drive Safe & Save

Which is better, Farmers or State Farm?

Both Farmers and State Farm are strong home and auto bundle options, but they appeal to slightly different buyers. State Farm's lower average premiums, strong customer service, and a highly rated claims experience make it a solid potential fit for households prioritizing simplicity and dependable support.

At the same time, Farmers earns a slight edge because of its tiered home coverage options, broader endorsement lineup, and deeper customization opportunities. Buyers with specialty vehicles, rental properties, or more complex coverage needs may find Farmers the stronger overall fit.

How to Verify an Insurer Before You Buy

Before signing on with any home, auto, or bundled policy, check the carrier's complaint history and financial strength through independent sources. The NAIC publishes a Consumer Information Source that shows compliance ratios, licensure, and financial data for every U.S. insurer.

Frequently Asked Questions

Which is cheaper, Farmers or State Farm?

State Farm is often cheaper than Farmers in many cases, with the average full coverage auto policy running noticeably lower. The gap exists across many driver profile types, including drivers with a speeding ticket or an accident on their record. The main exception is drivers with poor credit, where Farmers can come in lower than State Farm. As always, actual insurance quotes depend on your ZIP code, vehicle, and risk profile.

Which insurer offers more discounts, Farmers or State Farm?

Farmers offers more total discounts than State Farm across both auto and home insurance. The company offers unique discounts for young adults, on-time premium payments, and home insurance buyers. In reality, Farmers has nearly four times as many add-on coverages and roughly three times as many home discounts as State Farm. State Farm's discount lineup is more streamlined but still includes strong telematics, multi-policy, and safe-driver savings.

Is Farmers or State Farm better for home insurance bundling?

Whether Farmers or State Farm is better depends on what you value most. State Farm's average base rates are lower, and it's available in more states. It also earns higher customer satisfaction scores, likely making it the stronger pick for cost-conscious consumers who want simple, reliable service. However, Farmers offers uniquely tiered home coverage options, including its Standard, Enhanced, and Premier plans. The company also features deeper endorsement options and more discount opportunities, potentially making it the better fit for households with unique coverage needs or complex insurance situations.

Conclusion

While Farmers is the stronger fit for households that need tiered home coverage, deeper endorsement options, and the broadest discount lineup, for many buyers, State Farm offers lower average premiums, stronger customer service ratings, and more responsive claims handling. Pulling quotes from both carriers using your own details is the most reliable way to find the right bundle for your situation. Learn more in our overview of the best insurers for home and auto bundles.

About Author

Deane Biermeier

Deane Biermeier

Deane Biermeier is a certified financial educator through the University of Minnesota and a respected authority in financial research, writing, and editing, renowned for his in-depth analyses and expert advice. With a distinguished career that previously spanned home improvement, real estate, and finance topics, Deane's role at Trusted Company Reviews focuses exclusively on finance. Deane has contributed to leading publications such as Forbes Home, US News and World Report, Newsweek Vault, and others. Since joining TrustedCompanyReviews.com in 2023, he has solidified his reputation as a crucial resource for clear, factual financial guidance.

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