AM Best rating: A++
Better Business Bureau (BBB) rating: A+
According to the National Association of Insurance Commissioners (NAIC), State Farm is the country’s largest auto insurer. The company held 16.84 percent of the market share in 2022, writing more than $46 billion in premiums. State Farm has more than 19,000 local agents spread across every state except Massachusetts and Rhode Island.
Along with standard coverage options, State Farm offers:
- 24/7 roadside assistance: Emergency services include towing, fluid delivery, tire changes, jump-starting, and winching.
- Rideshare coverage: This specialty insurance is for customers who use their vehicles for services like Uber and Lyft.
- Rental car reimbursement: If your vehicle needs extensive repairs, State Farm helps cover the cost of a rental car.
State Farm also offers a well-reviewed telematics program called Drive Safe & Save™. Drivers can unlock savings of up to 30 percent–including a discount for signing up–when they renew their policies if they maintain safe driving habits during the program.
State Farm Pros And Cons
Here are some pros and cons of purchasing auto coverage from State Farm:
State Farm Average Annual Cost
According to our research, married 35-year-old drivers with good credit and clean driving records pay an average of $1,481 per year for full-coverage car insurance through State Farm. That’s $142 more than the 2021 average, but it’s still well below the national average of $1,730.