Stste farm insurance #State #Farm #Insurance #Review #2019: #Complaints, #Ratings #and #Coverage



Stste farm insurance

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State Farm Insurance Review 2019: Complaints, Ratings and Coverage

State Farm insurance reviews and ratings

  • Places 9th out of 24 insurers for auto insurance in NerdWallet’s rankings.
  • Had fewer than the median number of complaints to state regulators in 2018 relative to its size for auto, home and life insurance.
  • Offers rideshare insurance in most states.

State Farm is the nation’s largest auto insurer, but it offers a wide variety of other insurance and financial products, sold exclusively by State Farm agents. If you’re looking for a well-known brand name with a generous selection of products and consumer-friendly pricing, State Farm might be right for you.

State Farm insurance review details

Auto insurance rating

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  • J.D. Power ratings for customer service, claims satisfaction and shopping satisfaction.
  • Consumer Reports customer satisfaction ratings.
  • Consumer complaints against the insurer, based on data from the National Association of Insurance Commissioners.

State Farm auto insurance coverage options

State Farm’s rental car and travel expenses coverage is superior to its competition’s. Not only does State Farm auto insurance pay for a rental car if yours is in the shop due to a covered collision, but it also pays for meals, lodging and transportation if you’re stranded more than 50 miles from home. Coverage limits apply and vary by state.

Drive Safe & Save: This usage-based program calculates discounts based on your mileage and “safe driving” measurements such as smooth acceleration and braking. It also considers risk factors such as speed and time of day. You’ll get up to a 50% discount once State Farm has analyzed your driving behavior. Availability and discounts may vary.

The Steer Clear Driver Program is a driver training refresher course available online, through an agent or via mobile app. State Farm offers savings for drivers under 25 who complete the course and have had no at-fault accidents or moving violations within the past three years.

Rideshare insurance: If you drive for a company such as Uber or Lyft, this option allows you to have one policy that covers both personal and ridesharing use. This option is available in 46 U.S. states and the District of Columbia.

State Farm homeowners insurance coverage options

State Farm’s homeowners insurance claims network is available 24 hours a day, online or by phone.

The Premier Service Program puts you in touch with qualified contractors who can remove water or make flooring repairs included in your policy. The service providers guarantee their work for up to five years. Premier Service is not available everywhere.

State Farm life insurance coverage options

Select Term Life Insurance: Policies are available for 10, 20 or 30 years, depending on your age, renewable up to age 95. Coverage amounts start at $100,000.

Instant Answer Term Life: $50,000 of life insurance is available for people ages 16 to 45, lasting until age 50 or 10 years after the policy is issued, whichever is later. State Farm doesn’t require a medical exam, but you’ll have to fill out a health questionnaire, and your answers may disqualify you.

Return of Premium Term Life is available for either 20- or 30-year terms with level premiums, though you can renew for longer at increased rates. Coverage starts at $100,000, and if you pay premiums faithfully and outlive your term, you’ll get your money back.

State Farm also offers whole life, universal life and variable universal life, which are varieties of permanent life insurance.

State Farm at a glance

Financial strength: A++ (“Superior”)

State Farm’s financial strength is “superior,” according to ratings agency A.M. Best. An insurer’s financial strength indicates how well it can pay claims.

Complaints

State Farm had fewer than the median number of complaints to state regulators in 2018 relative to its size for life, home and auto insurance, according to the National Association of Insurance Commissioners.

Customer satisfaction

Though State Farm often shows competitive rates for auto insurance in our analysis, its customer satisfaction ratings for auto insurance are mediocre.


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