State Farm Auto Insurance Review 2023

When it comes to choosing your auto insurance, reviews In fact matter. If you’re shopping for car insurance, prioritize high customer satisfaction as one of the main qualifiers. Indeed, a good rating can make filing a claim a much smoother and hassle-free process.

In fact, we’ve already done the legwork for you. State Farm – the largest auto insurance company in the United States by market share – ranked among the “Best for Customer Satisfaction” on CNBC Select’s list of Best Auto Insurance Companies for several Reasons: State Farm has one of the highest average JD Power scores, its full coverage premiums are among the lowest, and it has an A++ rating from AM Best, indicating superior financial health. (Learn more about our methodology for selecting the best car insurance companies.)

Below, we review State Farm to give you all the details on its offerings, features, and fees so you can decide if it’s the right insurance choice when you hit the road.

State Farm Auto Insurance Review

State Farm Auto Insurance

  • Cost

    The best way to estimate your costs is to request a quote

  • App available

  • Policy Highlights

    State Farm is one of the largest auto insurers by market share and has an excellent reputation for customer satisfaction. It offers 13 discounts, including those for safe driving and young drivers.

Benefits

  • High customer satisfaction
  • The largest automobile insurance company in the United States
  • Accident forgiveness for good drivers

The inconvenients

  • High NAIC Complaint Index score
  • Does not offer gap insurance

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Presentation of the State Farm

State Farm is available nationwide and caters to virtually every type of driver: new drivers, teen drivers, sports car drivers, eco-friendly drivers, business travelers, business owners and car collectors – even ranking as the “best overall” on both CNBC Select’s lists of the best car insurance companies for young adults and the best car insurance companies for high-risk drivers. Its car insurance coverage options vary by state, but include collision damage waiver, comprehensive insurance, rental insurance, ride-sharing insurance, emergency road service and more. State Farm does not offer gap insurance, but does offer similar coverage through its Payoff Protector® program.

As mentioned above, State Farm has one of the highest average JD Power scores, a ranking compiled by the market intelligence firm that analyzes consumer data. In other words, State Farm customers are quite satisfied with their service. According to the National Association of Insurance Commissioners (NAIC) Complaint Index, State Farm also receives significantly fewer complaints than other companies of its size.

As with all car insurance companies, the rates and overall cost of the policy depends on their driving history, credit score, type of coverage, deductibles and discounts. CNBC Select calculated State Farm’s average annual premiums with data based on a 40-year-old driver with a clean driving record and good credit (more on that calculation in our methodology below). We found that State Farm’s average annual premium for minimum coverage is $464, while the average annual premium for maximum coverage is $1,480.

Features

Discounts

Other insurance offered

How it compares

Geico Auto Insurance

  • Cost

    The best way to estimate your costs is to request a quote

  • App available

  • Policy Highlights

    Geico coverage and services are available in all 50 states and the District of Columbia and there are 16 different types of discounts available. In addition to the standard coverage options, Geico offers various optional add-ons, such as emergency roadside assistance, rental car reimbursement, and mechanical breakdown insurance.

Farmers Insurance

  • Cost

    The best way to estimate your costs is to request a quote

  • App available

  • Policy Highlights

    Farmers sells auto insurance in every state except Alaska, Delaware, Hawaii, Maine, New Hampshire, Rhode Island, Vermont, Washington, DC and Virginia -Western, and offers 22 reductions.

At the end of the line

Our methodology

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff alone and have not been reviewed, endorsed or otherwise endorsed by any third party.

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