Updated on: March 26, 2025
Written by: Bryan Ochalla Edited by: Michael Kitchen
LendingTree car insurance score: 4.5 out of 5
Our team of insurance experts rated insurance companies based on several categories. These categories include average rates, discounts, coverage options, third-party customer service ratings, and app/website experience. We weighted these categories based on what customers value in an insurance company. For third-party customer service ratings, we included NAIC’s Complaint Index scores and financial strength ratings from A.M. Best. NAIC Complaint Index scores are used to determine how satisfied customers are with their claims, while financial strength ratings from A.M. Best reflect the ability to pay out claims.
LendingTree home insurance score: 4.2 out of 5
State Farm is a great company with cheap rates for car, home and renters insurance. It also offers plenty of coverage and discount options.
Cheap car, home and renters insurance rates
Many car insurance discounts
Good customer ratings for car insurance
Great app and website
Expensive car insurance with bad credit or DUI
No gap insurance or accident forgiveness
Few home and renters discounts
Average customer ratings for home insurance
State Farm also offers a good selection of coverage and discount options, though not as many as some other top insurance companies.
Customers seem happy with State Farm, too, based on the company’s J.D. Power satisfaction and NAIC complaint ratings, though some competitors fare better.
| Rating | State Farm’s score | Allstate | Farmers | Progressive | Industry average |
|---|---|---|---|---|---|
| Auto satisfaction* | 657 (Good) | 635 | 619 | 622 | 644 |
| Home satisfaction* | 643 (Average) | 631 | 609 | 634 | 640 |
| Renters satisfaction* | 679 (Good) | 639 | 638 | 619 | 659 |
| Auto complaints** | 0.78 (Good) | 0.71 | 1.25 | 0.72 | 1.0 |
| Home complaints** | 1.05 (Average) | 1.3 | 0.85 | 1.43 | 1.0 |
Sources: J.D. Power (satisfaction ratings) and the National Association of Insurance Commissioners (complaint ratings)*Higher satisfaction ratings are better **Lower complaint ratings are better, with 1.0 being average
These average rates make State Farm the cheapest car insurance company that serves all customers nationwide.
State Farm’s average liability insurance rate is 23% cheaper than the national average of $64 a month. Its average rate for full-coverage insurance is 25% cheaper than the national average of $164 a month.
| Company | Full coverage | Liability | LendingTree score | |
|---|---|---|---|---|
 | State Farm | $1,487 | $597 | |
 | Geico | $1,937 | $727 |  |
 | Progressive | $2,032 | $791 | |
 | Nationwide | $2,226 | $963 |  |
 | Allstate | $2,609 | $1,158 | |
 | Farmers | $3,091 | $1,188 | |
 | USAA* | $1,199 | $398 | |
*USAA is only available to active-duty and veteran military members and their families.
Among top insurers, State Farm has the cheapest car insurance for most drivers with a speeding ticket or at-fault accident on their records.
However, its rates for drivers with a DUI (driving under the influence) conviction are among the highest for nationwide companies.
| Prior incident | State Farm’s average annual rate | U.S. average annual rate |
|---|---|---|
| Speeding ticket | $1,616 | $2,427 |
| At-fault accident | $1,843 | $2,930 |
| DUI | $4,402 | $3,626 |
Drivers with bad credit pay $471 a month for car insurance from State Farm, on average. This is 53% more than the national average of $309 a month.
State Farm has the highest car insurance rates for drivers with bad credit among large car insurance companies available nationwide.
| Company | Average annual rate |
|---|---|
| State Farm | $5,654 |
| U.S. average | $3,705 |
These make State Farm the cheapest large car insurance company for most teen drivers, for both liability and full coverage.
State Farm’s average liability car insurance rate for 18-year-olds is 26% lower than the national average. The company’s average full-coverage rate for 18-year-olds is 29% lower than the national average.
| Type of policy | State Farm’s average annual rate | U.S. average annual rate |
|---|---|---|
| Liability | $1,811 | $2,433 |
| Full coverage | $4,128 | $5,824 |
However, State Farm doesn’t offer some discounts that its competitors do, like discounts for automatic payments, new vehicles and going paperless.
| Discount | State Farm | Allstate | Geico | Progressive |
|---|---|---|---|---|
| Airbags | ||||
| Anti-theft | ||||
| Auto-pay | ||||
| Away at school | ||||
| Bundling | ||||
| Defensive driving | ||||
| Good/safe driver | ||||
| Good student | ||||
| New vehicle | ||||
| Multi-vehicle | ||||
| Paperless | ||||
| Pay in full |
A standard State Farm car insurance policy comes with these coverages:
State Farm also offers these additional coverage options:
Unlike many other car insurance companies, State Farm doesn’t offer accident forgiveness, gap insurance or mechanical breakdown coverage.
State Farm has the cheapest home insurance rates among national companies.
| Company | Annual rate | Monthly rate | LendingTree score |
|---|---|---|---|
| State Farm | $2,427 | $202 | |
| Allstate | $2,560 | $213 | |
| Progressive | $2,648 | $221 | |
| Nationwide | $3,055 | $255 | |
| Travelers | $3,149 | $262 | |
| Farmers | $3,801 | $317 | |
| USAA* | $2,507 | $209 | |
*USAA is only available to active-duty and veteran military members and their families.
What you pay for home insurance depends on several factors, including:
To get the cheapest rate for the coverage you need, compare home insurance quotes from several companies before buying a policy.
It doesn’t offer a discount for buying a new or newer home, like many competitors do.
| Discount | State Farm | Allstate | Farmers | Progressive |
|---|---|---|---|---|
| Auto pay | ||||
| Bundling | ||||
| Claim-free | ||||
| Home security | ||||
| Loyalty | ||||
| New home | ||||
| Roofing | ||||
| Wind mitigation |
Its standard home insurance policies include liability and guest medical coverage. They also include loss of use, which covers temporary living expenses after a covered disaster.
With State Farm, you can upgrade your home insurance policy to include replacement cost coverage for your belongings. This means you’ll get higher payouts for stolen or damaged items.
That’s 39% less than the national average of $18 a month. It’s also the cheapest renters insurance rate of the companies we surveyed.
| Company | Monthly rate |
|---|---|
| State Farm | $11 |
| Lemonade | $12 |
| Allstate | $17 |
| Amica | $17 |
| Progressive | $20 |
| Assurant | $22 |
| Farmers | $23 |
| American Family | $27 |
Some of State Farm’s competitors offer renters discounts that State Farm doesn’t, like discounts for living in a gated community or being over a certain age.
| Discount | State Farm | Allstate | Farmers | Lemonade | Progressive |
|---|---|---|---|---|---|
| Bundling | |||||
| Security devices | |||||
| Mature renter | |||||
| Paperless | |||||
| Advance quote | |||||
| Gated complex |
You can also buy add-on coverage for a State Farm renters insurance policy, including:
LendingTree obtains rates from insurance company filings reported to Quadrant Information Services. Rates are shown for comparative purposes only. Yours may vary.
Car insurance rates are based on an analysis of quotes for sample drivers from every ZIP code. Home insurance rates are based on quotes for home insurance in all 50 states plus Washington, D.C.
Our sample driver for car insurance quotes is a 30-year-old man with good credit and no tickets, accidents or DUIs. The sample vehicle is a 2015 Honda Civic EX. Our sample teen driver is an 18-year-old male with a clean driving record.
Minimum-liability policies provide liability coverage with the state’s required minimum limits.
Full-coverage car insurance policies include:
—
Homeowners policies include:
—
Renters policies include:
—
Our team of insurance experts rated insurance companies based on several categories. These categories include average rates, discounts, coverage options, third-party customer service ratings, and app/website experience. We weighted these categories based on what customers value in an insurance company.
For third-party customer service ratings, we included Complaint Index scores from the National Association of Insurance Commissioners (NAIC) and financial strength ratings from A.M. Best. NAIC Complaint Index scores are used to determine how satisfied customers are with their claims, while financial strength ratings from A.M. Best reflect the ability to pay out claims.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
