State Farm holds 17.9% of the U.S. auto insurance market compared to Farmers' 9.2%, and State Farm offers better average rates for safe drivers, while Farmers excels with bundling discounts and niche coverage options like rideshare and mechanical breakdown protection.
Farmers Insurance vs State Farm — Side-by-side comparison on A Versus B
Multi-line insurance provider offering auto, home, life, and specialty coverage with emphasis on bundling discounts and flexible underwriting.
Largest U.S. auto insurer by market share offering comprehensive auto, home, and life insurance with extensive digital tools and highest customer satisfaction ratings.
Market Share. Average Annual Auto Premium (Safe Driver). Available Discount Bundle (Multi-Policy). Physical Locations (Agents). Digital Claims Processing (Mobile App Rating). Coverage Customization Options. J.D. Power Customer Satisfaction Ranking (2024)
State Farm wins for most drivers seeking the lowest rates and highest customer satisfaction ratings, with superior digital tools and brand recognition. Choose Farmers Insurance if you prioritize aggressive multi-policy bundling discounts, want specialized coverage options like rideshare insurance, or prefer working with independent agents who can shop multiple carriers.
Farmers Insurance: No. 8 | State Farm: No. 3
Farmers Insurance: 10% | State Farm: 17%
Farmers Insurance: 4.4/5 | State Farm: 4.4/5
Farmers Insurance: Higher | State Farm: Lower
Farmers Insurance: Good | State Farm: Higher
Farmers Insurance: Solid | State Farm: Better
Farmers Insurance: Standard | State Farm: 34%
Farmers Insurance: Not disclosed | State Farm: $5B
Farmers Insurance: $1,550 | State Farm: N/A
Customer Satisfaction Score (J.D. Power 2024)
Farmers Insurance: 812 | State Farm: N/A
Farmers Insurance: 4.2 | State Farm: N/A
Farmers Insurance: 45+ | State Farm: N/A
Farmers Insurance: 5-7 | State Farm: N/A
Farmers Insurance: All 50 states | State Farm: N/A
Farmers Insurance: 30% | State Farm: N/A
Farmers Insurance: 1928 | State Farm: N/A
Farmers Insurance: 23% | State Farm: N/A
Farmers Insurance: 12 minutes | State Farm: N/A
Farmers Insurance: 4.2 stars | State Farm: N/A
Farmers Insurance: 30+ discounts | State Farm: N/A
Farmers Insurance: 6 days | State Farm: N/A
Farmers Insurance: Not available | State Farm: N/A
Farmers Insurance: Local agents, phone, online | State Farm: N/A
Average Annual Home + Auto Bundle Premium
Farmers Insurance: $1,850 | State Farm: N/A
Farmers Insurance: 4-7 days | State Farm: 24-48 hours
Farmers Insurance: 22+ | State Farm: N/A
Farmers Insurance: 759 | State Farm: N/A
Farmers Insurance: A+ (Superior) | State Farm: N/A
Farmers Insurance: Up to 30% | State Farm: N/A
Farmers Insurance: Limited (phone required) | State Farm: N/A
Farmers Insurance: 90+ | State Farm: N/A
Average Annual Auto Premium (Safe Driver)
Farmers Insurance: $1,289 | State Farm: $1,156
Farmers Insurance: 9.2% | State Farm: 17.9%
Farmers Insurance: 25% | State Farm: 20%
J.D. Power Customer Satisfaction Ranking
Farmers Insurance: 4th place (2024) | State Farm: 1st place (2024)
Farmers Insurance: 4.4/5.0 | State Farm: 4.6/5.0
Farmers Insurance: 18,000+ | State Farm: 19,000+
Farmers Insurance: Rideshare, mechanical breakdown, identity theft, umbrella | State Farm: Standard auto, home, life, umbrella
Farmers Insurance: 2-3 days | State Farm: 1-2 days
Farmers Insurance: N/A | State Farm: $12.9 billion
Farmers Insurance: N/A | State Farm: Standard package
Farmers Insurance: N/A | State Farm: More competitive
Farmers Insurance: N/A | State Farm: All 50 states
Farmers Insurance: N/A | State Farm: Solid ratings
Farmers Insurance: N/A | State Farm: Agent + Digital
Farmers Insurance: N/A | State Farm: 700,000+ (Florida, April 2026)
Farmers Insurance: N/A | State Farm: Full digital + agent options
Farmers Insurance: N/A | State Farm: State Farm
Farmers Insurance: N/A | State Farm: Lower
Farmers Insurance: N/A | State Farm: Standard
Farmers Insurance: N/A | State Farm: High
Farmers Insurance: N/A | State Farm: Comprehensive
Farmers Insurance: N/A | State Farm: Extensive
Farmers Insurance: N/A | State Farm: User-friendly
Farmers Insurance: N/A | State Farm: Record dividend
Farmers Insurance: N/A | State Farm: 18M+
Farmers Insurance: N/A | State Farm: $380-$395
Farmers Insurance: N/A | State Farm: $20B+
Farmers Insurance: N/A | State Farm: 3-7 days
Farmers Insurance: N/A | State Farm: Hybrid
Farmers Insurance: N/A | State Farm: Auto, Home, Renters, Life
Farmers Insurance: N/A | State Farm: 1922
Farmers Insurance: N/A | State Farm: $5B dividend
Farmers Insurance: N/A | State Farm: 16.5%
Farmers Insurance: N/A | State Farm: $1,420
Farmers Insurance: N/A | State Farm: 779
Farmers Insurance: N/A | State Farm: 20+
Farmers Insurance: N/A | State Farm: 4.3
Farmers Insurance: N/A | State Farm: ~18,000+ nationwide
Farmers Insurance: N/A | State Farm: 90+ years (founded 1931)
Farmers Insurance: N/A | State Farm: A+ (Superior)
Farmers Insurance: N/A | State Farm: 17.1%
Farmers Insurance: N/A | State Farm: 88 million (US + Canada primarily)
Farmers Insurance: N/A | State Farm: 821
Farmers Insurance: N/A | State Farm: 25%
Farmers Insurance: N/A | State Farm: Basic term and whole life options
Farmers Insurance: N/A | State Farm: 2-4 business days
Farmers Insurance: N/A | State Farm: 20,000+ exclusive local agents
Farmers Insurance: N/A | State Farm: $1,240
Farmers Insurance: N/A | State Farm: 5-7 days
Farmers Insurance: N/A | State Farm: 82/100
Farmers Insurance: N/A | State Farm: Not offered
Farmers Insurance: N/A | State Farm: 12-15 minutes
Farmers Insurance: N/A | State Farm: 15,000+
Farmers Insurance: N/A | State Farm: Up to 25%
Farmers Insurance: N/A | State Farm: A++ (AM Best)
Average Annual Auto Premium (Good Driver)
Farmers Insurance: N/A | State Farm: $2,156
Farmers Insurance: N/A | State Farm: 824
Farmers Insurance: N/A | State Farm: 18,500+
Farmers Insurance: N/A | State Farm: 0.55
Farmers Insurance: N/A | State Farm: 8-12
Farmers Insurance: N/A | State Farm: 16.8%
How to choose between Farmers Insurance and State Farm
Farmers Insurance vs State Farm — Structured Comparison Data
Machine-readable comparison dataset for Farmers Insurance vs State Farm. Contains 94 attribute comparisons, 5 FAQ pairs.
Farmers Insurance vs State Farm — Attribute Category Vocabulary
Taxonomy of attribute categories used to classify comparison data for Farmers Insurance vs State Farm.
Which insurance company has the lowest auto insurance rates?
State Farm offers lower average annual premiums at $1,156 for safe drivers, compared to Farmers Insurance at $1,289—approximately 11.5% cheaper. However, rates vary significantly based on individual factors like driving history, location, age, and vehicle type. Use online quote tools from both companies to compare personalized rates for your specific situation.
Does Farmers Insurance or State Farm offer better bundling discounts?
Farmers Insurance offers the more aggressive bundling discount at up to 25% when combining multiple policies (auto, home, life, etc.), compared to State Farm's maximum 20% bundling discount. If you're bundling three or more policies, Farmers could save you significantly more money despite higher base rates.
Which company has better customer service and satisfaction ratings?
State Farm ranks #1 in J.D. Power's 2024 customer satisfaction survey, while Farmers ranks 4th. State Farm's mobile app also scores higher at 4.6/5.0 stars versus Farmers' 4.4/5.0. State Farm also processes claims faster (1-2 business days mobile vs. 2-3 for Farmers), making it the better choice for those prioritizing customer experience.
What specialized coverage options does Farmers offer that State Farm doesn't?
Farmers Insurance offers specialized add-ons including rideshare driver protection, mechanical breakdown coverage for older vehicles, identity theft protection, and enhanced umbrella policies. State Farm focuses on standard coverage options but integrates them seamlessly. If you drive for rideshare or own an older vehicle, Farmers' specialized offerings provide valuable protection.
Is State Farm or Farmers Insurance more financially stable?
State Farm holds stronger financial ratings with an AA+ rating from Standard & Poor's and maintains 17.9% U.S. market share as the #1 auto insurer. Farmers holds an A+ rating from S&P and maintains solid financial position with 9.2% market share. Both are financially stable, but State Farm's size and ratings provide additional security.
How to Choose Between Farmers Insurance and State Farm
Market Share: Farmers Insurance has 9.2%, while State Farm has 17.9%.
Consider: Average Annual Auto Premium (Safe Driver)
Average Annual Auto Premium (Safe Driver): Farmers Insurance has $1,289, while State Farm has $1,156.
Consider: Available Discount Bundle (Multi-Policy)
Available Discount Bundle (Multi-Policy): Farmers Insurance has Up to 25%, while State Farm has Up to 20%.
Physical Locations (Agents): Farmers Insurance has 18,000+, while State Farm has 19,000+.
Consider: Digital Claims Processing (Mobile App Rating)
Digital Claims Processing (Mobile App Rating): Farmers Insurance has 4.4/5.0 stars, while State Farm has 4.6/5.0 stars.
Consider: Coverage Customization Options
Coverage Customization Options: Farmers Insurance has High (rideshare, mechanical, umbrella), while State Farm has Standard (core coverages).
Consider: J.D. Power Customer Satisfaction Ranking (2024)
J.D. Power Customer Satisfaction Ranking (2024): Farmers Insurance has 4th place, while State Farm has 1st place.