State Farm Auto Insurance coverage Evaluation 2023

In the case of selecting your auto insurance coverage, evaluations truly matter. In case you’re buying round for automotive insurance coverage, prioritize excessive buyer satisfaction as one of many prime qualifiers. It is because a very good ranking could make submitting a declare a way more clean and hassle-free course of.

The truth is, we already did the legwork for you. State Farm — the most important automotive insurance coverage firm within the U.S. primarily based on market share — made the rating because the “greatest for buyer satisfaction” on CNBC Choose’s record of the highest automotive insurance coverage firms for a couple of causes: State Farm has one of many highest common J.D. Energy scores, its full-coverage premiums are among the lowest round and it has an A++ ranking from AM Finest, indicating superior monetary well being. (Learn extra on our methodology of how we selected the very best automotive insurance coverage firms.)

Under, we evaluation State Farm to offer you all the main points on its choices, options and charges so you possibly can resolve if it is the precise insurance coverage selection for once you hit the highway.

State Farm automotive insurance coverage evaluation

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 based on market share and has an excellent reputation for customer satisfaction. It offers 13 discounts, including ones for safe driving and young drivers.


  • High customer satisfaction
  • Largest car insurance company in the U.S.
  • Accident forgiveness for good drivers


  • High NAIC complaint index score 
  • Doesn’t offer gap insurance

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State Farm overview

State Farm is available nationwide and caters to virtually any type of person behind the wheel: 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 top car insurance companies for young adults and top car insurance companies for high-risk drivers. Its auto insurance coverage options vary by state but include collision insurance, comprehensive insurance, rental insurance, rideshare insurance, emergency roadside service and more. State Farm does not offer gap insurance, but it does offer similar coverage through its Payoff Protector® program.

As mentioned above, State Farm has one of the highest average J.D. Power scores, a ranking by the market intelligence firm that analyzes consumer data. In other words, State Farm’s 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 when compared to other companies of its size.

Like with all car insurance companies, rates and one’s overall policy cost depend 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 this 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.



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 Auto Insurance

  • Cost

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

  • App available

  • Policy highlights

    Farmers sells car insurance in every state except Alaska, Delaware, Hawaii, Maine, New Hampshire, Rhode Island, Vermont, Washington, D.C., and West Virginia and offers a whopping 22 discounts.

Bottom line

Our methodology

To find out the very best automotive insurance coverage firms, CNBC Choose analyzed dozens of U.S. insurance coverage firms that include insurance policies to swimsuit an array of wants.

When narrowing down and rating the very best automotive insurance coverage firms, we targeted on common value, protection, availability, ease of use and buyer satisfaction utilizing information from the Nationwide Affiliation of Insurance coverage Commissioners, AM Finest, J.D. Energy rankings and automotive insurance coverage premium information from

The common annual premium information is predicated on a 40-year-old driver with a clear driving file and good credit score. The motive force insures a 2020 Toyota Camry, commutes 5 days every week and drives 12,000 miles yearly, with the next full-coverage limits:

  • $100,000 bodily damage legal responsibility per particular person
  • $300,000 bodily damage legal responsibility per accident
  • $50,000 property injury legal responsibility per accident
  • $100,000 uninsured motorist bodily damage per particular person
  • $300,000 uninsured motorist bodily damage per accident
  • $500 collision deductible
  • $500 complete deductible

After reviewing the above options, we sorted our suggestions by greatest general, greatest for extensive protection, greatest for buyer satisfaction, greatest for reductions and greatest for army members and veterans.

Notice that the premiums and coverage constructions marketed for automotive insurance coverage firms are topic to fluctuate in accordance with the corporate’s insurance policies.

Editorial Notice: Opinions, analyses, evaluations or suggestions expressed on this article are these of the Choose editorial employees’s alone, and haven’t been reviewed, accredited or in any other case endorsed by any third get together.

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