State Farm vs. Farmers: Which Is Better for Insurance?
State Farm is better than Farmers for both auto and home insurance overall. State Farm’s car insurance rates are much cheaper than Farmers’ are for most drivers. Its home insurance rates are lower, too. State Farm also scores better than Farmers with customers.
Farmers vs. State Farm: Pros and cons
| Farmers is better for… | State Farm is better for… |
|---|---|
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Although Farmers offers many more homeowners insurance discounts than State Farm does, both companies have several auto insurance discounts that could save you money.
Farmers also offers more optional coverages for car insurance than State Farm. Both have similar home insurance add-ons, though.
Customers are more satisfied with State Farm than they are with Farmers, based on ratings from J.D. Power and the National Association of Insurance Commissioners (NAIC). However, even State Farm’s satisfaction ratings for home insurance are only average.
State Farm vs. Farmers auto insurance
State Farm has cheaper car insurance than Farmers for most drivers, including:
Farmers has cheaper rates than State Farm for:
State Farm or Farmers: Which is cheapest for most drivers?
Most drivers will get cheaper car insurance from State Farm than from Farmers. This is true for both liability-only and full coverage policies.
State Farm’s average rate for liability car insurance is $597 a year. Farmers’ average liability-only rate is nearly twice that at $1,188 a year.
At $1,487 a year, State Farm’s average rate for full coverage insurance is also about half of Farmers’ rate ($3,091 a year).
Farmers offers many discounts, and qualifying for a few of them could make your rate a lot cheaper.
| Company | Liability annual rate | Full coverage annual rate | LendingTree score | |
|---|---|---|---|---|
 | State Farm | $597 | $1,487 |  |
 | Farmers | $1,188 | $3,091 |  |
| U.S. average | $772 | $1,970 | N/A |
State Farm or Farmers: Which is cheapest for drivers with a ticket or accident?
State Farm has the cheapest car insurance for most drivers with a speeding ticket or accident on their records.
Drivers with a speeding ticket pay $1,616 a year with State Farm, on average. Farmers’ average rate of $4,252 a year is more than double that.
There’s a similar gap for drivers with an at-fault accident on their records. State Farm’s rate is $1,843 a year, while Farmers’ is $4,598.
In both cases, State Farm’s average rates are well below the national average. Farmers’ are well above.
| Company | Annual rate after ticket | Annual rate after accident |
|---|---|---|
| State Farm | $1,616 | $1,843 |
| Farmers | $4,252 | $4,598 |
| U.S. average | $2,427 | $2,930 |
State Farm or Farmers: Which is cheapest for drivers with a DUI?
Between State Farm and Farmers, State Farm has the cheapest DUI insurance. State Farm’s average rate for drivers with a DUI (driving under the influence) conviction is $4,402 a year, while Farmers’ is $4,758.
Both companies are higher than the national average of $3,626 a year.
| Company | Annual rate after DUI |
|---|---|
| State Farm | $4,402 |
| Farmers | $4,758 |
| U.S. average | $3,626 |
State Farm or Farmers: Which is cheapest for drivers with bad credit?
Farmers is cheaper than State Farm for drivers with bad credit. At $4,890 a year, Farmers’ average rate is 16% less than State Farm’s $5,654 a year.
Once again, though, both companies’ average bad-credit car insurance rates are higher than the national average ($3,705 a year).
| Company | Annual rate with bad credit |
|---|---|
| Farmers | $4,890 |
| State Farm | $5,654 |
| U.S. average | $3,705 |
State Farm or Farmers: Which is cheapest for teen drivers?
Teen drivers looking for cheap car insurance are more likely to get it from State Farm than from Farmers.
State Farm charges teens $1,811 a year for liability insurance, on average. Farmers’ average rate is over twice that at $4,227 a year.
State Farm also has the cheapest full coverage car insurance for teens, with rates of around $4,128 a year. At $9,354 a year, Farmers is over twice as high.
| Company | Liability annual rate | Full coverage annual rate |
|---|---|---|
| State Farm | $1,811 | $4,128 |
| Farmers | $4,227 | $9,354 |
| U.S. average | $2,433 | $5,824 |
Farmers vs. State Farm: Best car insurance coverages
If you want to customize your car insurance policy to your needs and tastes, Farmers is a better company than State Farm for you. Farmers has nearly four times as many add-on coverages as State Farm.
Farmers’ optional coverages:
- Accident forgiveness Accident forgiveness prevents your first accident from making your rates go up. You have to add it to your policy before you crash.
- Customized equipment
- Gap insurance Gap insurance covers the difference between your car’s value and your loan balance, if you total the vehicle.
- Glass deductible buyback
- New car replacement
- Original equipment manufacturer Pays to replace damaged parts with factory originals, instead of after-market substitutes. (OEM) parts
- Personal umbrella policy
- Rental alternative coverage
- Rental car reimbursement
- Rideshare and food delivery
- Towing and roadside service
State Farm’s optional coverages:
- Car rental reimbursement and travel expenses
- Emergency road service
- Rideshare driver Rideshare insurance covers you while you wait for pickups with your rideshare app turned on.
Farmers vs. State Farm: Best car insurance discounts
Both Farmers and State Farm have many car insurance discounts that can help you save money. Farmers offers a few more than State Farm does, however.
Some of the discounts that Farmers offers but State Farm doesn’t include ones for auto pay, going paperless and having a young or senior driver in your household.
State Farm offers some discounts Farmers doesn’t, too, including ones for airbags, low mileage and having certain safety features in your vehicle.
| Discount | Farmers | State Farm |
|---|---|---|
| Accident-free | ||
| Airbags | ||
| Anti-theft devices | ||
| Automatic payment | ||
| Defensive driving | ||
| Driver’s education | ||
| Good student | ||
| Low mileage | ||
| Loyalty | ||
| Multi-policy (bundling) | ||
| Multi-vehicle | ||
| On your own (under 29) | ||
| Other employee and membership | ||
| Paperless | ||
| Pay in full | ||
| Pay on time | ||
| Safe driving | ||
| Safety features | ||
| Senior driver | ||
| Shared family car | ||
| Student away at school | ||
| Youthful driver |
Farmers vs. State Farm: Best auto customer satisfaction
Customers are more satisfied with State Farm than they are with Farmers, based on ratings from J.D. Power and the NAIC.
State Farm has a much higher customer satisfaction score than Farmers does. It also receives fewer customer complaints, which is what NAIC tracks.
| Rating | Farmers | State Farm | Industry average |
|---|---|---|---|
| Customer satisfaction Source: J.D. Power 2024 U.S. Auto Insurance Study | 619 (poor) | 657 (good) | 644 |
| Claims satisfaction Source: J.D. Power 2024 U.S. Auto Claims Satisfaction Study | 706 (average) | 710 (good) | 697 |
| Complaints Source: NAIC complaint index | 1.32 (average) | 0.84 (good) | 1.0 |
State Farm vs. Farmers homeowners insurance
State Farm has the cheapest homeowners insurance between it and Farmers, with an average rate of $2,427 a year. This is 15% lower than the national average and about 35% cheaper than Farmers’ average rate of $3,801 a year.
Farmers offers many more discounts than State Farm does, though, and that could make it a lot cheaper. Compare home insurance quotes from both companies to see which company gives you the cheapest quote.
| Company | Annual rate | LendingTree score |
|---|---|---|
| State Farm | $2,427 |  |
| Farmers | $3,801 |  |
| U.S. average | $2,801 | N/A |
Farmers vs. State Farm: Best home insurance coverages
Both Farmers and State Farm offer many optional home insurance coverages that let you personalize your policy.
Farmers has add-ons that cover:
- Broken glass replacement
- Matching of undamaged property
- Water backup and sump overflow
- Valuable items
- Identity fraud expenses
State Farm has add-ons that cover:
- Fire department service charges
- Locks and remote devices
- Power interruption
- Refrigerated products
- Trees, shrubs and landscaping
Talk with an agent to find out if there are other optional coverages you can add to your home insurance policy.
Farmers vs. State Farm: Best home insurance discounts
Farmers is better than State Farm for home insurance discounts. In fact, Farmers offers more than three times as many discounts as State Farm does.
Some of Farmers’ key home insurance discounts include ones for new homes, protective devices, smart home systems and green certifications.
| Discount | Farmers | State Farm |
|---|---|---|
| Automatic payment | ||
| Claims free | ||
| Connected home | ||
| Green certifications | ||
| Home safety | ||
| Loyalty | ||
| Multi-policy (bundling) | ||
| New home | ||
| Other employee and membership | ||
| Paperless | ||
| Pay in full | ||
| Pay on time | ||
| Protective devices | ||
| Rent to own | ||
| Roofing materials | ||
| Wind mitigation |
Farmers vs. State Farm: Best home customer satisfaction
Customers aren’t entirely satisfied with either Farmers or State Farm when it comes to home insurance. This is based on their scores and ratings from J.D. Power and NAIC.
State Farm has a better customer satisfaction score from J.D. Power, but it’s only slightly above average. Farmers receives fewer customer complaints, according to NAIC, but both are near the average.
| Rating | Farmers | State Farm | Industry average |
|---|---|---|---|
| Customer satisfaction Source: J.D. Power 2024 U.S. Home Insurance Study | 609 (poor) | 643 (average) | 640 |
| Complaints Source: NAIC complaint index | 0.91 (average) | 1.22 (average) | 1.0 |
Frequently asked questions
No, Farmers Insurance and State Farm are different insurance companies. Both companies offer car and home insurance, though.
Farmers Insurance is usually only cheaper than State Farm for drivers with bad credit. Its average car insurance rate for these drivers is $4,890 a year, compared to State Farm’s $5,654 a year. State Farm has cheaper insurance for most other drivers.
State Farm also is cheaper than Farmers for home insurance. Its average home insurance rate is $2,427 a year, compared to Farmers’ $3,801 a year.
One of the reasons Farmers Insurance is more expensive than some competitors might be that it targets drivers who want or need to pay more for car insurance, such as those with expensive vehicles.
Farmers may also target higher-risk drivers, like young drivers or drivers with tickets or accidents on their records.