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Editor-in-ChiefHuman reviewed
7 min read

Farmers vs State Farm Home Insurance 2026 | A Versus B

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

Farmers Insurance

Multi-line insurance provider offering auto, home, life, and specialty coverage with emphasis on bundling discounts and flexible underwriting.

Budget-conscious consumers seeking basic auto coverage and those preferring traditional agent relationships

Score50%
VS

State Farm

America's largest auto insurer with strong home, life, and claims service delivered through exclusive local agents.

Homeowners seeking bundled coverage, customers prioritizing low rates, and those wanting financial stability and higher satisfaction scores

Score75%
116 attributes11 differences16 pros/cons

Quick Answer

AI Summary

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.

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Our Verdict

AI-assisted

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.

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Farmers Insurance

Choose Farmers Insurance if

Budget-conscious consumers seeking basic auto coverage and those preferring traditional agent relationships

S

Choose State Farm if

Best pick

Homeowners seeking bundled coverage, customers prioritizing low rates, and those wanting financial stability and higher satisfaction scores

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Key Differences at a Glance

  • Homeowners Insurance Ranking:State Farm wins(No. 3 vs No. 8)
  • Bundle Discount (Auto + Home):State Farm wins(Up to 17% vs Up to 10%)
  • Auto Insurance Rating (2025):4.4/5 vs 4.4/5
See all 11 differences

Key Facts & Figures

76 numeric metrics compared

MetricFarmers InsuranceState FarmRatio
Average Annual Auto Insurance Premium(USD)$1,550$1,456
Customer Satisfaction Score (J.D. Power 2024)(points)812
Mobile App Rating (iOS)(stars)4.24.5 stars
Available Insurance Discounts(count)45+50+
Average Claims Processing Time(days)5-7
Maximum Telematics Discount Savings(percent)30%
Company Founded(year)1928
Maximum Bundle Discount(%)23%
Digital Quote Completion Time(minutes)12 minutes
Mobile App Rating(stars out of 5)4.2 stars4.3 (289K reviews)
Available Discount Programs(count)30+ discounts
Average Claim Processing Time (Mobile)(business days)6 days
Average Annual Home + Auto Bundle Premium(USD)$1,850
Claims Processing Speed(business days)4-7 days24-48 hours
Available Discount Categories(discounts)22+
J.D. Power Customer Satisfaction (2025)(score (out of 1000))759
Telematics Program Max Discount(percent savings)Up to 30%
Years in Business(years)90+
Average Annual Auto Premium (Safe Driver)(USD)$1,289$1,156
U.S. Auto Insurance Market Share(%)9.2%17.9%
Maximum Multi-Policy Bundling Discount(%)25%20%
J.D. Power Customer Satisfaction Ranking(position)4th place (2024)1st place (2024)
Mobile App Rating (User Reviews)(stars)4.4/5.04.6/5.0
Number of Insurance Agents Nationwide(count)18,000+19,000+
Average Claims Processing Time (Mobile)(business days)2-3 days1-2 days
Customer Base(millions)18M+18M+
2026 Revenue Projection(billion USD)$20B+$20B+
Year Founded19221922
Customer Dividend/Returns (2026)(billion USD)$5B dividend$5B dividend
Auto Insurance Market Share(percent)16.5%16.5%
Average Annual Auto Premium(USD)$1,420$1,420
Customer Service J.D. Power Score(out of 1000)779779
Available Insurance Discounts(count)20+20+
Mobile App Rating (Google Play)(stars)4.34.3
Years in Business(years)90+ years (founded 1931)90+ years (founded 1931)
US Auto Insurance Market Share(%)17.1%17.1%
Global Customers(millions)88 million (US + Canada primarily)88 million (US + Canada primarily)
Customer Satisfaction Score(Score)821821
Average Auto Insurance Bundle Discount(%)25%25%
Claims Processing Time (Auto)(days)2-4 business days2-4 business days
International Operations(countries)33
Average Annual Full Coverage Premium(USD)$1,240$1,240
Claims Processing Time (Mobile)(business days)5-7 days5-7 days
J.D. Power Customer Satisfaction Score(score out of 1000)82/10082/100
Maximum Usage-Based Discount(percent off)30%30%
Online Quote Completion Time(minutes)12-15 minutes12-15 minutes
Number of Local Agents(agents)15,000+15,000+
Average Annual Auto Premium (Good Driver)(USD)$2,156$2,156
Customer Service Rating(J.D. Power Score /1000)824824
Maximum Snapshot Discount(percent)0%0%
Local Agent Network(agents)18,500+18,500+
NAIC Complaint Ratio(per 1,000 policies)0.550.55
Online Quote Time(minutes)8-128-12
Market Share(%)16.8%16.8%
Customer Service Satisfaction (J.D. Power 2025)(points/1000)823823
Digital Claims Processing Time(days)3-5 days3-5 days
Physical Agent Locations(count)19,000+19,000+
Maximum Bundling Discount(percent)23%23%
Snapshot Safe Driver Discount(percent)DriveWise: Up to 30%DriveWise: Up to 30%
Market Share (U.S. Auto Insurance)(percent)17.6% (largest)17.6% (largest)
Average Annual Auto Premium(USD)$1,547$1,547
Customer Satisfaction Score(out of 10)798798
Agent Network Size(agents)18,000+18,000+
Home + Auto Bundle Discount(%)Up to 24%Up to 24%
Average Claims Resolution Time(days)3-5 days3-5 days
24/7 Customer Support Availability(hours per day)24/724/7
Average Annual Premium (Full Coverage, Age 25-35)(USD)$1,287$1,287
J.D. Power Customer Satisfaction(points/1000)843843
Mobile App Rating (iOS/Android Combined)(stars (out of 5))4.2 stars4.2 stars
Online Quote-to-Policy Time(minutes)15-20 minutes15-20 minutes
U.S. Market Share (Auto Insurance)(%)17.5%17.5%
Life Insurance In Force($ trillion)$2.1 trillion$2.1 trillion
2023 Annual Revenue($ billion)$54.8 billion$54.8 billion
J.D. Power Auto Claims Satisfaction (2024)(score out of 1000)804804
Number of Exclusive Agents (U.S.)(count)18,500+18,500+
Average Auto Insurance Premium (National Average)($/year)$1,420$1,420

Sourced from publicly available data ·

Key Differences

11 attributes compared head-to-head

Farmers Insurance
0Farmers Insurance
State Farm leads3 ties
SF
8State Farm
  • Homeowners Insurance Ranking

    Farmers Insurance

    No. 8

    State Farm

    No. 3(winner)

  • Bundle Discount (Auto + Home)

    Farmers Insurance

    Up to 10%

    State Farm

    Up to 17%(winner)

  • Auto Insurance Rating (2025)

    Farmers Insurance

    4.4/5

    State Farm

    4.4/5

  • Average Rates

    Farmers Insurance

    Higher

    State Farm

    Lower(winner)

  • Customer Satisfaction

    Farmers Insurance

    Good

    State Farm

    Higher(winner)

Full Comparison

Farmers Insurance
SState Farm
Homeowners Insurance Ranking
No. 8
No. 3
Bundle Discount Maximum(%)
10%
17%
Average Rate Competitiveness
Higher
Lower
Average Annual Auto Insurance Premium(USD)
$1,550
$1,456
Maximum Bundle Discount(%)
23%
Average Annual Home + Auto Bundle Premium(USD)
$1,850
Show 10 more attributes
Available Discount Categories(discounts)
22+
Average Annual Auto Premium (Safe Driver)(USD)
$1,289
$1,156
Average Annual Premium(relative to national average)
$380-$395
Average Annual Auto Premium(USD)
$1,420
Average Auto Insurance Bundle Discount(%)
25%
Average Annual Full Coverage Premium(USD)
$1,240
Average Annual Auto Premium (Good Driver)(USD)
$2,156
Maximum Bundling Discount(percent)
23%
Average Annual Auto Premium(USD)
$1,547
Average Annual Premium (Full Coverage, Age 25-35)(USD)
$1,287
Auto Insurance Rating(/5)
4.4/5
4.4/5
Customer Satisfaction Level
Good
Higher
Customer Satisfaction Rating(relative ranking)
Solid ratings
Claims Processing(null)
Full digital + agent options
Customer Service Rating(J.D. Power Score /1000)
824
Customer Service Satisfaction (J.D. Power 2025)(points/1000)
823
Financial Strength Rating
Solid
Better
Financial Stability Rating(rating)
A++ (AM Best)
Agent Recruitment Growth (YoY)(%)
Standard
34%
Recent Customer Dividend(Billion USD)
Not disclosed
$5B
Customer Satisfaction Score (J.D. Power 2024)(points)
812
Claims Processing Speed(business days)
4-7 days
24-48 hours
J.D. Power Customer Satisfaction Score(score out of 1000)
82/100
Number of Local Agents(agents)
15,000+
J.D. Power Customer Satisfaction(points/1000)
843
Show 1 more attribute
J.D. Power Auto Claims Satisfaction (2024)(score out of 1000)
804
Mobile App Rating (iOS)(stars)
4.2
4.5 stars
Available Insurance Discounts(count)
45+
50+
Customer Dividend/Returns (2026)(billion USD)
$5B dividend
Average Claims Processing Time(days)
5-7
Average Claim Processing Time (Mobile)(business days)
6 days
Local Agent Availability(agents)
All 50 states
18,000+ agents
Maximum Telematics Discount Savings(percent)
30%
Company Founded(year)
1928
Year Founded
1922
Digital Quote Completion Time(minutes)
12 minutes
Online Quote Completion Time(minutes)
12-15 minutes
Mobile App Rating(stars out of 5)
4.2 stars
4.3 (289K reviews)
Available Discount Programs(count)
30+ discounts
Snapshot Usage-Based Discount Range(%)
Not available
Telematics Program Max Discount(percent savings)
Up to 30%
Maximum Multi-Policy Bundling Discount(%)
25%
20%
Maximum Usage-Based Discount(percent off)
30%
Show 3 more attributes
Maximum Snapshot Discount(percent)
0%
Snapshot Safe Driver Discount(percent)
DriveWise: Up to 30%
Home + Auto Bundle Discount(%)
Up to 24%
Customer Service Options(availability)
Local agents, phone, online
24/7 Customer Support Availability(hours per day)
24/7
J.D. Power Customer Satisfaction (2025)(score (out of 1000))
759
AM Best Financial Strength Rating(rating)
A+ (Superior)
A+ (Superior)
AM Best Financial Strength Rating(rating)
A+ (Superior)
Mobile App Claims Filing Available(yes/no)
Limited (phone required)
Years in Business(years)
90+
U.S. Auto Insurance Market Share(%)
9.2%
17.9%
Auto Insurance Market Share(percent)
16.5%
US Auto Insurance Market Share(%)
17.1%
Market Share (U.S. Auto Insurance)(percent)
17.6% (largest)
U.S. Market Share (Auto Insurance)(%)
17.5%
J.D. Power Customer Satisfaction Ranking(position)
4th place (2024)
1st place (2024)
Price Transparency Rating
High
Digital Platform Ease of Use
User-friendly
Customer Service J.D. Power Score(out of 1000)
779
Mobile App Rating (User Reviews)(stars)
4.4/5.0
4.6/5.0
Mobile App Rating (Google Play)(stars)
4.3
Mobile App Rating (iOS/Android Combined)(stars (out of 5))
4.2 stars
Number of Insurance Agents Nationwide(count)
18,000+
19,000+
Agent Network Availability
20,000+ exclusive local agents
Agent Network Size(agents)
18,000+
Number of Exclusive Agents (U.S.)(count)
18,500+
Specialized Coverage Options Available(count)
Rideshare, mechanical breakdown, identity theft, umbrella
Standard auto, home, life, umbrella
Geographic Coverage(states)
All 50 states
Product Coverage Types
Auto, Home, Renters, Life
Average Claims Processing Time (Mobile)(business days)
2-3 days
1-2 days
2025 Net Income(billion USD)
$12.9 billion
Rate Reductions Announced 2026(customers affected)
700,000+ (Florida, April 2026)
Net Income (2025)($ Billion)
State Farm
Available Discounts(count)
Standard package
Accident/DUI Rate Premium Increase(percentage)
More competitive
Service Model(null)
Agent + Digital
Claims Processing Speed
3-7 days
Claims Processing Time (Auto)(days)
2-4 business days
Claims Processing Time (Mobile)(business days)
5-7 days
Average Premium Rates
Lower
Average Auto Insurance Premium (National Average)($/year)
$1,420
Add-On Coverage Availability
Standard
Product Diversity
Comprehensive
Available Insurance Discounts(count)
20+
Discount Programs(Relative Offering)
Extensive
Dividend Payout Status (2026)
Record dividend
Customer Base(millions)
18M+
Global Customers(millions)
88 million (US + Canada primarily)
2026 Revenue Projection(billion USD)
$20B+
Digital Availability
Hybrid
Physical Agent Locations(count)
19,000+
Number of Local Agents(agents)
~18,000+ nationwide
Years in Business(years)
90+ years (founded 1931)
Customer Satisfaction Score(Score)
821
Life Insurance Product Variety
Basic term and whole life options
International Operations(countries)
3
Local Agent Network(agents)
18,500+
NAIC Complaint Ratio(per 1,000 policies)
0.55
Online Quote Time(minutes)
8-12
Market Share(%)
16.8%
Digital Claims Processing Time(days)
3-5 days
Customer Satisfaction Score(out of 10)
798
Average Claims Resolution Time(days)
3-5 days
Online Quote-to-Policy Time(minutes)
15-20 minutes
Life Insurance In Force($ trillion)
$2.1 trillion
2023 Annual Revenue($ billion)
$54.8 billion
Corporate Benefits Clients Served(count (thousands))
Not primary focus

Pros & Cons

10 pros·6 cons across both

Farmers Insurance
SF
Farmers Insurance

Farmers Insurance

+4-4

Pros

Widely recognized and trusted brand
Competitive auto insurance with 4.4/5 rating
Established network of agents and support
Bundle discounts available for multi-policy customers

Cons

Lower homeowners insurance ranking (No. 8)
Smaller bundle discounts compared to competitors (10% max)
Higher average rates than State Farm
Lower customer satisfaction scores
SF

State Farm

+6-2

Pros

Top 3 ranking in homeowners insurance
Excellent bundle discounts up to 17%
Lower average rates and competitive pricing
Higher customer satisfaction and financial strength
Strong agent recruitment and growth (34% YoY increase)
$5 billion customer dividend declared (2026)

Cons

Limited differentiation in auto insurance (tied at 4.4/5)
May have higher minimum requirements for some policies

Frequently Asked Questions

10 questions

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

Expert Analysis: Farmers Insurance vs State Farm

Farmers Insurance and State Farm are two of the largest property and casualty insurers in the United States, but they differ substantially in pricing, size, and the type of customer each tends to serve best.

State Farm is the largest personal lines insurer in the US by premium volume, with approximately 83 million policies in force. Its scale creates meaningful advantages: a nationwide agent network, financial strength ratings near the top of the industry (A++ from AM Best), and broad product offerings spanning auto, home, life, health, and small business. State Farm's pricing is consistently competitive — particularly for auto insurance. US News & World Report's 2026 analysis found State Farm's average annual auto insurance premium for liability coverage is approximately $597/year, among the lowest of major carriers nationally.

Farmers Insurance operates primarily through independent agents and its own Farmers-exclusive agents, serving approximately 10 million households. Its premium volume is smaller than State Farm but comparable to Allstate and USAA in the top tier. Farmers has historically positioned itself as a "specialist" carrier — it offers coverage products for unusual vehicles (vintage cars, classic motorcycles, motorhomes) and niche homeowners situations (earthquake-prone California, wildfire zones) where some competitors have withdrawn. However, Farmers' pricing for standard auto and home policies is generally higher than State Farm. The same US News analysis found Farmers' average liability-only auto rate at approximately $1,188/year — nearly double State Farm's comparable rate.

Read 4 more paragraphs

J.D. Power's 2025 Auto Insurance Study placed State Farm above Farmers in overall customer satisfaction for claims handling and policy offerings. State Farm ranked 3rd overall in the 2025 J.D. Power US Auto Insurance Study; Farmers ranked 8th. For homeowners, State Farm's market-leading presence means more agent availability for in-person service, though Farmers' agents in specialty markets (CA, CO, TX) often develop deeper local expertise.

Claims handling is where the comparison gets more variable. Both companies have substantial claims infrastructure, but customer reviews on J.D. Power and Consumer Reports give State Farm a modest but consistent edge in claims resolution speed and communication. Farmers has faced scrutiny in California after non-renewal waves in wildfire-exposed areas (2023-2025), though this affected all major carriers in that market.

Digital tools and app quality: both have improved substantially since 2020. State Farm's mobile app is consistently rated well for claims reporting, roadside assistance dispatch, and ID card access. Farmers' digital infrastructure has been more variable but has improved with recent app updates.

For the typical consumer shopping standard auto or homeowners insurance: State Farm's pricing advantage is real and should be the starting point. Farmers becomes more competitive for specialty coverage needs, certain geographic markets where Farmers agents have deep roots, or bundling scenarios where Farmers' total package pricing may offset the per-policy premium difference. Always get quotes from both — regional pricing variations mean the national average doesn't always predict your specific quote.

Human-reviewed analysis based on primary sources including official product pages, third-party benchmarks, and consumer reviews. How we research
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