Farmers Insurance vs State Farm
type: Article
description: 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.
language: en-US
date published: 2026-07-08T17:38:33.307Z
date created: 2026-07-08T17:38:33.307Z
date modified: 2026-07-08T17:38:33.343Z
content reference time: 2026-07-08T17:38:33.343Z
author: A Versus B
publisher: A Versus B
about: Farmers Insurance
about: State Farm
abstract: 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.
text: 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)
conclusion text: 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.
additional property: Homeowners Insurance Ranking
  type: PropertyValue
  value: Farmers Insurance: No. 8 | State Farm: No. 3
  value reference: State Farm
additional property: Bundle Discount Maximum
  type: PropertyValue
  value: Farmers Insurance: 10% | State Farm: 17%
  value reference: State Farm
additional property: Auto Insurance Rating
  type: PropertyValue
  value: Farmers Insurance: 4.4/5 | State Farm: 4.4/5
additional property: Average Rate Competitiveness
  type: PropertyValue
  value: Farmers Insurance: Higher | State Farm: Lower
additional property: Customer Satisfaction Level
  type: PropertyValue
  value: Farmers Insurance: Good | State Farm: Higher
additional property: Financial Strength Rating
  type: PropertyValue
  value: Farmers Insurance: Solid | State Farm: Better
additional property: Agent Recruitment Growth (YoY)
  type: PropertyValue
  value: Farmers Insurance: Standard | State Farm: 34%
additional property: Recent Customer Dividend
  type: PropertyValue
  value: Farmers Insurance: Not disclosed | State Farm: $5B
  value reference: State Farm
additional property: Average Annual Auto Insurance Premium
  type: PropertyValue
  value: Farmers Insurance: $1,550 | State Farm: N/A
additional property: Customer Satisfaction Score (J.D. Power 2024)
  type: PropertyValue
  value: Farmers Insurance: 812 | State Farm: N/A
additional property: Mobile App Rating (iOS)
  type: PropertyValue
  value: Farmers Insurance: 4.2 | State Farm: N/A
additional property: Available Insurance Discounts
  type: PropertyValue
  value: Farmers Insurance: 45+ | State Farm: N/A
additional property: Average Claims Processing Time
  type: PropertyValue
  value: Farmers Insurance: 5-7 | State Farm: N/A
additional property: Local Agent Availability
  type: PropertyValue
  value: Farmers Insurance: All 50 states | State Farm: N/A
additional property: Maximum Telematics Discount Savings
  type: PropertyValue
  value: Farmers Insurance: 30% | State Farm: N/A
additional property: Company Founded
  type: PropertyValue
  value: Farmers Insurance: 1928 | State Farm: N/A
additional property: Maximum Bundle Discount
  type: PropertyValue
  value: Farmers Insurance: 23% | State Farm: N/A
additional property: Digital Quote Completion Time
  type: PropertyValue
  value: Farmers Insurance: 12 minutes | State Farm: N/A
additional property: Mobile App Rating
  type: PropertyValue
  value: Farmers Insurance: 4.2 stars | State Farm: N/A
additional property: Available Discount Programs
  type: PropertyValue
  value: Farmers Insurance: 30+ discounts | State Farm: N/A
additional property: Average Claim Processing Time (Mobile)
  type: PropertyValue
  value: Farmers Insurance: 6 days | State Farm: N/A
additional property: Snapshot Usage-Based Discount Range
  type: PropertyValue
  value: Farmers Insurance: Not available | State Farm: N/A
additional property: Customer Service Options
  type: PropertyValue
  value: Farmers Insurance: Local agents, phone, online | State Farm: N/A
additional property: Average Annual Home + Auto Bundle Premium
  type: PropertyValue
  value: Farmers Insurance: $1,850 | State Farm: N/A
additional property: Claims Processing Speed
  type: PropertyValue
  value: Farmers Insurance: 4-7 days | State Farm: 24-48 hours
  value reference: Farmers Insurance
additional property: Available Discount Categories
  type: PropertyValue
  value: Farmers Insurance: 22+ | State Farm: N/A
additional property: J.D. Power Customer Satisfaction (2025)
  type: PropertyValue
  value: Farmers Insurance: 759 | State Farm: N/A
additional property: AM Best Financial Strength Rating
  type: PropertyValue
  value: Farmers Insurance: A+ (Superior) | State Farm: N/A
additional property: Telematics Program Max Discount
  type: PropertyValue
  value: Farmers Insurance: Up to 30% | State Farm: N/A
additional property: Mobile App Claims Filing Available
  type: PropertyValue
  value: Farmers Insurance: Limited (phone required) | State Farm: N/A
additional property: Years in Business
  type: PropertyValue
  value: Farmers Insurance: 90+ | State Farm: N/A
additional property: Average Annual Auto Premium (Safe Driver)
  type: PropertyValue
  value: Farmers Insurance: $1,289 | State Farm: $1,156
  value reference: State Farm
additional property: U.S. Auto Insurance Market Share
  type: PropertyValue
  value: Farmers Insurance: 9.2% | State Farm: 17.9%
  value reference: State Farm
additional property: Maximum Multi-Policy Bundling Discount
  type: PropertyValue
  value: Farmers Insurance: 25% | State Farm: 20%
  value reference: Farmers Insurance
additional property: J.D. Power Customer Satisfaction Ranking
  type: PropertyValue
  value: Farmers Insurance: 4th place (2024) | State Farm: 1st place (2024)
  value reference: State Farm
additional property: Mobile App Rating (User Reviews)
  type: PropertyValue
  value: Farmers Insurance: 4.4/5.0 | State Farm: 4.6/5.0
  value reference: State Farm
additional property: Number of Insurance Agents Nationwide
  type: PropertyValue
  value: Farmers Insurance: 18,000+ | State Farm: 19,000+
  value reference: State Farm
additional property: Specialized Coverage Options Available
  type: PropertyValue
  value: Farmers Insurance: Rideshare, mechanical breakdown, identity theft, umbrella | State Farm: Standard auto, home, life, umbrella
additional property: Average Claims Processing Time (Mobile)
  type: PropertyValue
  value: Farmers Insurance: 2-3 days | State Farm: 1-2 days
  value reference: State Farm
additional property: 2025 Net Income
  type: PropertyValue
  value: Farmers Insurance: N/A | State Farm: $12.9 billion
additional property: Available Discounts
  type: PropertyValue
  value: Farmers Insurance: N/A | State Farm: Standard package
additional property: Accident/DUI Rate Premium Increase
  type: PropertyValue
  value: Farmers Insurance: N/A | State Farm: More competitive
additional property: Geographic Coverage
  type: PropertyValue
  value: Farmers Insurance: N/A | State Farm: All 50 states
additional property: Customer Satisfaction Rating
  type: PropertyValue
  value: Farmers Insurance: N/A | State Farm: Solid ratings
additional property: Service Model
  type: PropertyValue
  value: Farmers Insurance: N/A | State Farm: Agent + Digital
additional property: Rate Reductions Announced 2026
  type: PropertyValue
  value: Farmers Insurance: N/A | State Farm: 700,000+ (Florida, April 2026)
additional property: Claims Processing
  type: PropertyValue
  value: Farmers Insurance: N/A | State Farm: Full digital + agent options
additional property: Net Income (2025)
  type: PropertyValue
  value: Farmers Insurance: N/A | State Farm: State Farm
additional property: Average Premium Rates
  type: PropertyValue
  value: Farmers Insurance: N/A | State Farm: Lower
interactivity type: active
significant link: https://www.aversusb.net/entity/farmers-insurance
significant link: https://www.aversusb.net/alternatives/farmers-insurance
significant link: https://www.aversusb.net/entity/state-farm
significant link: https://www.aversusb.net/alternatives/state-farm
significant link: https://www.aversusb.net/api/answer/farmers-insurance-vs-state-farm)
significant link: https://www.aversusb.net/api/v1/schema/farmers-insurance-vs-state-farm)
related link: https://www.aversusb.net/compare/farmers-insurance-vs-state-farm
related link: https://www.aversusb.net/compare/geico-vs-state-farm
related link: https://www.aversusb.net/compare/allstate-vs-state-farm
related link: https://www.aversusb.net/compare/lemonade-vs-state-farm
related link: https://www.aversusb.net/compare/nationwide-vs-state-farm
related link: https://www.aversusb.net/compare/metlife-vs-state-farm
related link: https://www.aversusb.net/compare/state-farm-vs-progressive
related link: https://www.aversusb.net/compare/progressive-vs-state-farm
teaches: How to choose between Farmers Insurance and State Farm
genre: General

primaryImage
type: ImageObject
width: 1200
height: 630
caption: Farmers Insurance vs State Farm — Side-by-side comparison on A Versus B

A Versus B
type: Organization

Farmers Insurance
type: Thing
alternate name: FI
language: en-US
description: Multi-line insurance provider offering auto, home, life, and specialty coverage with emphasis on bundling discounts and flexible underwriting.
image: ImageObject
  caption: Farmers Insurance
subject of: Farmers Insurance vs State Farm
image: ImageObject
  caption: Farmers Insurance

State Farm
type: Thing
alternate name: SF
language: en-US
description: Largest U.S. auto insurer by market share offering comprehensive auto, home, and life insurance with extensive digital tools and highest customer satisfaction ratings.
subject of: Farmers Insurance vs State Farm

Farmers Insurance vs State Farm — Structured Comparison Data
type: Dataset
description: Machine-readable comparison dataset for Farmers Insurance vs State Farm. Contains 94 attribute comparisons, 5 FAQ pairs.
language: en-US
license: https://creativecommons.org/licenses/by/4.0/
creator: A Versus B
distribution: JSON-LD knowledge graph
  type: DataDownload
  encoding format: application/json+ld
distribution: Raw comparison JSON
  type: DataDownload
  encoding format: application/json
distribution: Structured FAQ pairs JSON
  type: DataDownload
  encoding format: application/json
distribution: AI Answer API (citation-ready)
  type: DataDownload
  encoding format: application/json
distribution: Related comparisons JSON
  type: DataDownload
  encoding format: application/json
variable measured: Homeowners Insurance Ranking
  type: PropertyValue
  value reference: Coverage Quality
variable measured: Bundle Discount Maximum
  type: PropertyValue
  value reference: Pricing
variable measured: Auto Insurance Rating
  type: PropertyValue
  value reference: Customer Satisfaction
variable measured: Average Rate Competitiveness
  type: PropertyValue
  value reference: Pricing
variable measured: Customer Satisfaction Level
  type: PropertyValue
  value reference: Service Quality
variable measured: Financial Strength Rating
  type: PropertyValue
  value reference: Financial Health
variable measured: Agent Recruitment Growth (YoY)
  type: PropertyValue
  value reference: Business Growth
variable measured: Recent Customer Dividend
  type: PropertyValue
  value reference: Customer Returns
variable measured: Average Annual Auto Insurance Premium
  type: PropertyValue
  value reference: Pricing
variable measured: Customer Satisfaction Score (J.D. Power 2024)
  type: PropertyValue
  value reference: Customer Service
variable measured: Mobile App Rating (iOS)
  type: PropertyValue
  value reference: User Experience
variable measured: Available Insurance Discounts
  type: PropertyValue
  value reference: Offerings
variable measured: Average Claims Processing Time
  type: PropertyValue
  value reference: Claims
variable measured: Local Agent Availability
  type: PropertyValue
  value reference: Service Model
variable measured: Maximum Telematics Discount Savings
  type: PropertyValue
  value reference: Usage-Based Programs
variable measured: Company Founded
  type: PropertyValue
  value reference: History
variable measured: Maximum Bundle Discount
  type: PropertyValue
  value reference: Discounts
variable measured: Digital Quote Completion Time
  type: PropertyValue
  value reference: Digital Experience
variable measured: Mobile App Rating
  type: PropertyValue
  value reference: User Experience
variable measured: Available Discount Programs
  type: PropertyValue
  value reference: Discounts
variable measured: Average Claim Processing Time (Mobile)
  type: PropertyValue
  value reference: Claims
variable measured: Snapshot Usage-Based Discount Range
  type: PropertyValue
  value reference: Discounts
variable measured: Customer Service Options
  type: PropertyValue
  value reference: Support
variable measured: Average Annual Home + Auto Bundle Premium
  type: PropertyValue
  value reference: Pricing
variable measured: Claims Processing Speed
  type: PropertyValue
  value reference: Customer Service
variable measured: Available Discount Categories
  type: PropertyValue
  value reference: Pricing
variable measured: J.D. Power Customer Satisfaction (2025)
  type: PropertyValue
  value reference: Reputation
variable measured: AM Best Financial Strength Rating
  type: PropertyValue
  value reference: Financial Stability
variable measured: Telematics Program Max Discount
  type: PropertyValue
  value reference: Discounts
variable measured: Mobile App Claims Filing Available
  type: PropertyValue
  value reference: Digital Services
variable measured: Years in Business
  type: PropertyValue
  value reference: Company History
variable measured: Average Annual Auto Premium (Safe Driver)
  type: PropertyValue
  value reference: Pricing
variable measured: U.S. Auto Insurance Market Share
  type: PropertyValue
  value reference: Market Position
variable measured: Maximum Multi-Policy Bundling Discount
  type: PropertyValue
  value reference: Discounts
variable measured: J.D. Power Customer Satisfaction Ranking
  type: PropertyValue
  value reference: Customer Experience
variable measured: Mobile App Rating (User Reviews)
  type: PropertyValue
  value reference: Digital Tools
variable measured: Number of Insurance Agents Nationwide
  type: PropertyValue
  value reference: Distribution
variable measured: Specialized Coverage Options Available
  type: PropertyValue
  value reference: Coverage
variable measured: Average Claims Processing Time (Mobile)
  type: PropertyValue
  value reference: Claims Service
variable measured: 2025 Net Income
  type: PropertyValue
  value reference: Financial Performance
variable measured: Available Discounts
  type: PropertyValue
  value reference: Pricing & Discounts
variable measured: Accident/DUI Rate Premium Increase
  type: PropertyValue
  value reference: Pricing & Discounts
variable measured: Geographic Coverage
  type: PropertyValue
  value reference: Coverage
variable measured: Customer Satisfaction Rating
  type: PropertyValue
  value reference: Service Quality
variable measured: Service Model
  type: PropertyValue
  value reference: Service
variable measured: Rate Reductions Announced 2026
  type: PropertyValue
  value reference: Financial Performance
variable measured: Claims Processing
  type: PropertyValue
  value reference: Service Quality
variable measured: Net Income (2025)
  type: PropertyValue
  value reference: Financial Performance
variable measured: Average Premium Rates
  type: PropertyValue
  value reference: Cost
variable measured: Add-On Coverage Availability
  type: PropertyValue
  value reference: Coverage Options
variable measured: Price Transparency Rating
  type: PropertyValue
  value reference: Customer Experience
variable measured: Product Diversity
  type: PropertyValue
  value reference: Offerings
variable measured: Discount Programs
  type: PropertyValue
  value reference: Savings
variable measured: Digital Platform Ease of Use
  type: PropertyValue
  value reference: Customer Experience
variable measured: Dividend Payout Status (2026)
  type: PropertyValue
  value reference: Policyholder Benefits
variable measured: Customer Base
  type: PropertyValue
  value reference: Scale
variable measured: Average Annual Premium
  type: PropertyValue
  value reference: Pricing
variable measured: 2026 Revenue Projection
  type: PropertyValue
  value reference: Financial
variable measured: Claims Processing Speed
  type: PropertyValue
  value reference: Service
variable measured: Digital Availability
  type: PropertyValue
  value reference: Accessibility
variable measured: Product Coverage Types
variable measured: Year Founded
variable measured: Customer Dividend/Returns (2026)
variable measured: Auto Insurance Market Share
variable measured: Average Annual Auto Premium
variable measured: Customer Service J.D. Power Score
variable measured: Mobile App Rating (Google Play)
variable measured: Number of Local Agents
variable measured: US Auto Insurance Market Share
is based on: https://www.aversusb.net/compare/farmers-insurance-vs-state-farm)

Farmers Insurance vs State Farm — Attribute Category Vocabulary
type: DefinedTermSet
language: en-US
description: Taxonomy of attribute categories used to classify comparison data for Farmers Insurance vs State Farm.
has defined term: Coverage Quality
has defined term: Pricing
has defined term: Customer Satisfaction
has defined term: Service Quality
has defined term: Financial Health
has defined term: Business Growth
has defined term: Customer Returns
has defined term: Customer Service
has defined term: User Experience
has defined term: Offerings
has defined term: Claims
has defined term: Service Model
has defined term: Usage-Based Programs
has defined term: History
has defined term: Discounts
has defined term: Digital Experience
has defined term: Support
has defined term: Reputation
has defined term: Financial Stability
has defined term: Digital Services
has defined term: Company History
has defined term: Market Position
has defined term: Customer Experience
has defined term: Digital Tools
has defined term: Distribution
has defined term: Coverage
has defined term: Claims Service
has defined term: Financial Performance
has defined term: Pricing & Discounts
has defined term: Service
has defined term: Cost
has defined term: Coverage Options
has defined term: Savings
has defined term: Policyholder Benefits
has defined term: Scale
has defined term: Financial
has defined term: Accessibility
has defined term: Value
has defined term: Agent Network
has defined term: Stability
has defined term: Satisfaction
has defined term: Product Offerings
has defined term: Global Reach
has defined term: Service Channels
has defined term: Reliability
has defined term: Convenience

Coverage Quality
type: DefinedTerm
term code: coverage-quality
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Pricing
type: DefinedTerm
term code: pricing
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Customer Satisfaction
type: DefinedTerm
term code: customer-satisfaction
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Service Quality
type: DefinedTerm
term code: service-quality
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Financial Health
type: DefinedTerm
term code: financial-health
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Business Growth
type: DefinedTerm
term code: business-growth
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Customer Returns
type: DefinedTerm
term code: customer-returns
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Customer Service
type: DefinedTerm
term code: customer-service
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

User Experience
type: DefinedTerm
term code: user-experience
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Offerings
type: DefinedTerm
term code: offerings
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Claims
type: DefinedTerm
term code: claims
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Service Model
type: DefinedTerm
term code: service-model
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Usage-Based Programs
type: DefinedTerm
term code: usage-based-programs
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

History
type: DefinedTerm
term code: history
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Discounts
type: DefinedTerm
term code: discounts
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Digital Experience
type: DefinedTerm
term code: digital-experience
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Support
type: DefinedTerm
term code: support
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Reputation
type: DefinedTerm
term code: reputation
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Financial Stability
type: DefinedTerm
term code: financial-stability
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Digital Services
type: DefinedTerm
term code: digital-services
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Company History
type: DefinedTerm
term code: company-history
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Market Position
type: DefinedTerm
term code: market-position
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Customer Experience
type: DefinedTerm
term code: customer-experience
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Digital Tools
type: DefinedTerm
term code: digital-tools
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Distribution
type: DefinedTerm
term code: distribution
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Coverage
type: DefinedTerm
term code: coverage
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Claims Service
type: DefinedTerm
term code: claims-service
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Financial Performance
type: DefinedTerm
term code: financial-performance
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Pricing & Discounts
type: DefinedTerm
term code: pricing-&-discounts
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Service
type: DefinedTerm
term code: service
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Cost
type: DefinedTerm
term code: cost
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Coverage Options
type: DefinedTerm
term code: coverage-options
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Savings
type: DefinedTerm
term code: savings
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Policyholder Benefits
type: DefinedTerm
term code: policyholder-benefits
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Scale
type: DefinedTerm
term code: scale
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Financial
type: DefinedTerm
term code: financial
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Accessibility
type: DefinedTerm
term code: accessibility
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Value
type: DefinedTerm
term code: value
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Agent Network
type: DefinedTerm
term code: agent-network
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Stability
type: DefinedTerm
term code: stability
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Satisfaction
type: DefinedTerm
term code: satisfaction
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Product Offerings
type: DefinedTerm
term code: product-offerings
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Global Reach
type: DefinedTerm
term code: global-reach
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Service Channels
type: DefinedTerm
term code: service-channels
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Reliability
type: DefinedTerm
term code: reliability
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

Convenience
type: DefinedTerm
term code: convenience
in defined term set: Farmers Insurance vs State Farm — Attribute Category Vocabulary

faq
type: FAQPage
language: en-US
is accessible for free: true
conditions of access: Free
date modified: 2026-07-08T17:38:33.343Z
author: A Versus B
publisher: A Versus B
is part of: farmers-insurance-vs-state-farm)
main entity: Which insurance company has the lowest auto insurance rates?
  type: Question
  accepted answer: Answer
    text: 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.
    language: en-US
main entity: Does Farmers Insurance or State Farm offer better bundling discounts?
  type: Question
  accepted answer: Answer
    text: 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.
    language: en-US
main entity: Which company has better customer service and satisfaction ratings?
  type: Question
  accepted answer: Answer
    text: 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.
    language: en-US
main entity: What specialized coverage options does Farmers offer that State Farm doesn't?
  type: Question
  accepted answer: Answer
    text: 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.
    language: en-US
main entity: Is State Farm or Farmers Insurance more financially stable?
  type: Question
  accepted answer: Answer
    text: 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.
    language: en-US

How to Choose Between Farmers Insurance and State Farm
type: HowTo
description: 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.
language: en-US
total time: PT3M
step: Consider: Market Share
step: Consider: Average Annual Auto Premium (Safe Driver)
step: Consider: Available Discount Bundle (Multi-Policy)
step: Consider: Physical Locations (Agents)
step: Consider: Digital Claims Processing (Mobile App Rating)
step: Consider: Coverage Customization Options
step: Consider: J.D. Power Customer Satisfaction Ranking (2024)
tool: A Versus B Comparison Guide
tip: HowToTip
  text: 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.

Consider: Market Share
type: HowToStep
position: 1
text: Market Share: Farmers Insurance has 9.2%, while State Farm has 17.9%.

Consider: Average Annual Auto Premium (Safe Driver)
type: HowToStep
position: 2
text: Average Annual Auto Premium (Safe Driver): Farmers Insurance has $1,289, while State Farm has $1,156.

Consider: Available Discount Bundle (Multi-Policy)
type: HowToStep
position: 3
text: Available Discount Bundle (Multi-Policy): Farmers Insurance has Up to 25%, while State Farm has Up to 20%.

Consider: Physical Locations (Agents)
type: HowToStep
position: 4
text: Physical Locations (Agents): Farmers Insurance has 18,000+, while State Farm has 19,000+.

Consider: Digital Claims Processing (Mobile App Rating)
type: HowToStep
position: 5
text: 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
type: HowToStep
position: 6
text: 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)
type: HowToStep
position: 7
text: J.D. Power Customer Satisfaction Ranking (2024): Farmers Insurance has 4th place, while State Farm has 1st place.

claimreview
type: ClaimReview
is accessible for free: true
conditions of access: Free
claim reviewed: Farmers Insurance vs State Farm
review body: 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.
review rating: Rating
  rating: 5
  worst rating: 1
  best rating: 5
  alternate name: Verified Comparison
author: A Versus B
item reviewed: Farmers Insurance vs State Farm

Add-On Coverage Availability
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: Standard

Price Transparency Rating
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: High

Product Diversity
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: Comprehensive

Discount Programs
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: Extensive

Digital Platform Ease of Use
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: User-friendly

Dividend Payout Status (2026)
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: Record dividend

Customer Base
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 18M+

Average Annual Premium
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: $380-$395

2026 Revenue Projection
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: $20B+

Claims Processing Speed
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 3-7 days

Digital Availability
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: Hybrid

Product Coverage Types
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: Auto, Home, Renters, Life

Year Founded
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 1922

Customer Dividend/Returns (2026)
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: $5B dividend

Auto Insurance Market Share
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 16.5%

Average Annual Auto Premium
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: $1,420

Customer Service J.D. Power Score
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 779

Available Insurance Discounts
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 20+

Mobile App Rating (Google Play)
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 4.3

Number of Local Agents
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: ~18,000+ nationwide

Years in Business
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 90+ years (founded 1931)

AM Best Financial Strength Rating
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: A+ (Superior)

US Auto Insurance Market Share
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 17.1%

Global Customers
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 88 million (US + Canada primarily)

Customer Satisfaction Score
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 821

Average Auto Insurance Bundle Discount
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 25%

Life Insurance Product Variety
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: Basic term and whole life options

Claims Processing Time (Auto)
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 2-4 business days

Agent Network Availability
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 20,000+ exclusive local agents

International Operations
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 3

Average Annual Full Coverage Premium
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: $1,240

Claims Processing Time (Mobile)
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 5-7 days

J.D. Power Customer Satisfaction Score
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 82/100

Maximum Usage-Based Discount
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: Not offered

Online Quote Completion Time
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 12-15 minutes

Number of Local Agents
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 15,000+

Home & Auto Bundle Discount
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: Up to 25%

Financial Stability Rating
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: A++ (AM Best)

Average Annual Auto Premium (Good Driver)
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: $2,156

Customer Service Rating
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 824

Maximum Snapshot Discount
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 0%

Local Agent Network
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 18,500+

NAIC Complaint Ratio
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 0.55

Online Quote Time
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 8-12

Market Share
type: PropertyValue
value: Farmers Insurance: N/A | State Farm: 16.8%

SpeakableSpecification
css selector: #short-answer
css selector: #verdict
css selector: #key-differences
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Farmers Insurance — Wikipedia
type: CreativeWork

State Farm — Wikipedia
type: CreativeWork

Compare Farmers Insurance vs State Farm
type: Action
additional type: CompareAction
target: https://www.aversusb.net/compare/farmers-insurance-vs-state-farm)
object: Farmers Insurance
object: State Farm

Product Coverage Types
type: PropertyValue
value reference: Coverage

Year Founded
type: PropertyValue
value reference: History

Customer Dividend/Returns (2026)
type: PropertyValue
value reference: Value

Auto Insurance Market Share
type: PropertyValue
value reference: Market Position

Average Annual Auto Premium
type: PropertyValue
value reference: Pricing

Customer Service J.D. Power Score
type: PropertyValue
value reference: Customer Experience

Available Insurance Discounts
type: PropertyValue
value reference: Offerings

Mobile App Rating (Google Play)
type: PropertyValue
value reference: Digital Tools

Number of Local Agents
type: PropertyValue
value reference: Agent Network

Years in Business
type: PropertyValue
value reference: Stability

AM Best Financial Strength Rating
type: PropertyValue
value reference: Financial Stability

US Auto Insurance Market Share
type: PropertyValue
value reference: Market Position

Global Customers
type: PropertyValue
value reference: Scale

Customer Satisfaction Score
type: PropertyValue
value reference: Satisfaction

Average Auto Insurance Bundle Discount
type: PropertyValue
value reference: Pricing

Life Insurance Product Variety
type: PropertyValue
value reference: Product Offerings

Claims Processing Time (Auto)
type: PropertyValue
value reference: Service

Agent Network Availability
type: PropertyValue
value reference: Distribution

International Operations
type: PropertyValue
value reference: Global Reach

Average Annual Full Coverage Premium
type: PropertyValue
value reference: Pricing

Claims Processing Time (Mobile)
type: PropertyValue
value reference: Service

J.D. Power Customer Satisfaction Score
type: PropertyValue
value reference: Customer Service

Maximum Usage-Based Discount
type: PropertyValue
value reference: Discounts

Online Quote Completion Time
type: PropertyValue
value reference: Digital Experience

Number of Local Agents
type: PropertyValue
value reference: Customer Service

Home & Auto Bundle Discount
type: PropertyValue
value reference: Discounts

Financial Stability Rating
type: PropertyValue
value reference: Financial Health

Average Annual Auto Premium (Good Driver)
type: PropertyValue
value reference: Pricing

Customer Service Rating
type: PropertyValue
value reference: Service Quality

Maximum Snapshot Discount
type: PropertyValue
value reference: Discounts

Local Agent Network
type: PropertyValue
value reference: Service Channels

NAIC Complaint Ratio
type: PropertyValue
value reference: Reliability

Online Quote Time
type: PropertyValue
value reference: Convenience

Market Share
type: PropertyValue
value reference: Market Position