State Farm ranks higher in homeowners insurance (No. 3 vs No. 8) and offers better bundling discounts (17% vs 10%), with lower average rates and stronger financial performance. Both insurers score 4.4/5 in auto insurance and are among America's most recognized providers, though State Farm edges out Farmers in overall customer satisfaction and pricing.
Farmers Insurance vs State Farm — Side-by-side comparison on A Versus B
State Farm emerges as the stronger choice for most customers, offering superior homeowners coverage rankings, better bundling discounts, and lower rates with higher customer satisfaction. While both companies maintain comparable auto insurance ratings (4.4/5), State Farm's better financial strength, rate competitiveness, and recent business expansion make it the more attractive option for bundled insurance needs.
Multi-line insurance provider offering auto, home, life, and specialty coverage with emphasis on bundling discounts and flexible underwriting.
America's largest auto insurer with strong home, life, and claims service delivered through exclusive local agents.
Farmers Insurance vs State Farm — Comparison Data
Structured comparison data for Farmers Insurance vs State Farm with 116 attributes.
Customer Satisfaction Score (J.D. Power 2024)
Average Annual Home + Auto Bundle Premium
Average Annual Auto Premium (Safe Driver)
J.D. Power Customer Satisfaction Ranking
Average Annual Auto Premium (Good Driver)
Customer Service Satisfaction (J.D. Power 2025)
Average Annual Premium (Full Coverage, Age 25-35)
Mobile App Rating (iOS/Android Combined)
J.D. Power Auto Claims Satisfaction (2024)
Average Auto Insurance Premium (National Average)
Farmers Insurance vs State Farm — Attribute Category Vocabulary
Taxonomy of attribute categories used to classify comparison data for Farmers Insurance vs State Farm.
Is State Farm cheaper than Farmers Insurance?
Generally yes, and often significantly. US News analysis found State Farm's average liability-only auto rate is approximately $597/year; Farmers' comparable rate averages approximately $1,188/year — nearly double. State Farm consistently ranks among the most price-competitive major carriers nationally, though your specific quote will vary by location, driving record, and coverage level.
Which is better — State Farm or Farmers Insurance?
For most standard auto and homeowners insurance needs, State Farm rates higher in customer satisfaction surveys (J.D. Power) and pricing competitiveness. Farmers is more competitive for specialty coverages (vintage vehicles, earthquake, wildfire-prone areas) and in certain geographic markets where Farmers agents have deep local expertise.
Does Farmers Insurance have better coverage than State Farm?
Coverage differences are minimal for standard policies — both meet state requirements and offer comparable protection tiers. Farmers offers some specialty endorsements (classic car coverage, equipment breakdown, gap coverage) that can be valuable for specific needs. State Farm's advantage is typically pricing rather than coverage gaps.
Which insurance company is larger — Farmers or State Farm?
State Farm is significantly larger. It's the largest personal lines insurer in the US with approximately 83 million policies in force and the highest AM Best financial strength rating (A++). Farmers serves approximately 10 million households. Both are financially stable; State Farm's scale gives it more resources for claims handling and pricing flexibility.
Can I bundle auto and home with both Farmers and State Farm?
Yes, both offer multi-policy discounts for bundling auto and homeowners (or renters) insurance. Bundling typically saves 5-15% on each policy. State Farm's bundling discount is generally competitive; Farmers' bundling can occasionally offset its higher individual policy pricing. Always compare bundled quotes from both to find the better total value.
Farmers vs State Farm home insurance: which is cheaper and better rated?
State Farm wins on both price and ratings for most homeowners. State Farm averages approximately $1,700/year for home insurance nationally; Farmers averages approximately $2,000/year — State Farm is roughly 15% cheaper. For J.D. Power's 2024 U.S. Property Claims Satisfaction Study, State Farm ranks No. 3 overall vs Farmers at No. 8. State Farm also holds an AM Best A++ (Superior) financial strength rating vs Farmers' A (Excellent). The exception: Farmers can be more competitive for specialty home insurance (wildfire-prone California, classic home endorsements, equipment breakdown) and in geographic markets where Farmers has deeper local agent presence. For standard home insurance on a typical American home, State Farm is the stronger default choice on price and ratings.
How much does Farmers home insurance cost vs State Farm in 2026?
Average annual home insurance premiums (2026, US, $300,000 home): State Farm averages approximately $1,300–$1,600/year; Farmers Insurance averages approximately $1,500–$1,900/year for comparable coverage — State Farm is generally 10–20% cheaper. Both offer multi-policy bundling discounts: State Farm bundles save up to 17% (home + auto); Farmers bundles save approximately 10%. Actual rates vary significantly by state, home age, deductible ($1,000 vs $2,500), claims history, and credit score. Florida, Texas, and California residents pay far above the national average with both carriers due to hurricane, wildfire, and flood risk.
Is Farmers or State Farm better for bundling home and auto insurance?
State Farm offers better bundling savings for most customers: up to 17% discount when bundling home + auto, vs Farmers' approximately 10% bundling discount. On a $1,500 home policy + $1,200 auto policy ($2,700 combined), State Farm bundling saves ~$459/year; Farmers bundling saves ~$270/year. State Farm's bundling advantage stems from its massive customer base (18% U.S. auto market share). Farmers' bundling advantage: more coverage customization through add-ons like equipment breakdown and identity theft protection included in bundles. Bottom line: choose State Farm to maximize bundling discount; choose Farmers if you need more specialized coverage options in your bundle.
Does Farmers or State Farm have better home insurance claim service?
State Farm outperforms Farmers in home insurance claim satisfaction. J.D. Power 2025 U.S. Home Insurance Study: State Farm ranked #3 (4.4/5.0 overall satisfaction); Farmers ranked #8 (4.4/5.0). AM Best financial strength ratings: State Farm A++ Superior; Farmers A Excellent — both financially secure. NAIC complaint index: State Farm receives proportionally fewer complaints than industry average; Farmers receives slightly above-average complaints. State Farm advantages: 19,000+ local agents, 24/7 claims filing, fast digital claims portal. Farmers advantages: annual Farmers Friendly Review policy check-in, customizable coverage options.
Is Farmers home insurance available in all states vs State Farm?
State Farm home insurance is available in all 50 U.S. states and Washington D.C. Farmers Insurance home insurance operates in 41 states — unavailable in Alaska, Delaware, Hawaii, Maine, New Hampshire, North Dakota, Rhode Island, Vermont, and West Virginia. If you live in any of those 9 states, Farmers is not an option. State Farm's coast-to-coast coverage also makes it simpler for customers who move between states. Farmers' regional focus allows for more tailored underwriting in its operating states but limits flexibility for multi-state customers.