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State Farm

State Farm was founded as an automobile Insurance Company, and was a group of large US insurance companies, that specialized in auto insurance for the farmers. State Farm was founded by George J Mercherlee, who believed that since the farmers drove less they incurred much less losses than the city farmers, thus having to pay much less in terms of insurance. His concept achieved much popularity, and the company became successful. Today the company has more than 79200 employees, with more than 16700 agents and 71.6, million policies in the United States and Canada. The headquarters of State Farm is located in Bloomington, Illinois. The chairman of State Farm is Edward B. Rust, Jr., who also acts as the Chief Executive Officer of the company.

State Farm Ratings

  • 2.5
    coverage
  • 2.3
    cost
  • 2.0
    service
  • 1.8
    claims
  • 2.2
    overall rating

Based on 198 review – 1 is lowest, 5 is highest

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State Farm Background
There are many major companies that are formed with State Farm. One of these Insurance companies is the State Farm Automobile that was formed on June 7th, 1922. Some of these insurance companies have organized many farmers, in order to solve their insurance needs. Out of every five cars that move in the roads, at least one car is insured with State Farm Insurance. This is a mutual insurance company, so does not have any kind of shareholders. State Farm was actually a parent company of several wholly owned subsidiaries, that were able to provide property and life insurance, along with banking products and other services. Health Insurance was started marketing by the company in the year 1965.

State Farm Life was another company that began operations in the year 1961, in order to meet the needs of life insurance of the people, who are located in New York, Connecticut, and Wisconsinite. The company has been marketing variable products to all our customers, since the year 1998.

Another State Farm company is the State Farm Fire and Casualty, which was formed in the year 1935, with the main objective of being able to provide property insurance for the State Farm Customers who are located in the United States and Canada. State Farm has the reputation of being the largest insurer of homes since the year 1964.

State Farm County is another Insurance company that was formed in the year 1961, in order to protect the motorists. State Farm manages the company in its most of the affairs.

Another major State Farm company is State Farm Indemnity that had the objective of providing an accurate pricing and risk management technique in the market. State Farm has also a subsidiary company that is known as State Farm Guarantee Insurance Company that started with writing auto insurance in the state of New Jersey.

In the year 1962, another State Farm company was formed that was known as State Farm General, and was involved into the primary writer of State Farm Homeowners, and also property liability insurance in California.

State Farm Florida started its business in the year Feb1, 1999, and has been involved in the business of property liability business in Florida.

State Farm Lloyds is also a company that is also referred to as State Farm Bank, and has its business of underwriting homeowners and commercial multiple peril insurance in that state. State Farm started its business in the year 1983, and is managed by an attorney State Farm Lloyds, that is mandatory by law.

State Farm Bank is also such an institution with no branch offices. The State Farm agents provide most of the work of customer assistance and customer interaction. The company has $ 12 billion in total assets as on 31st December. The main focus of State Farm has always been on consumer oriented financial products.

State Farm Investment Management serves as an investment advisor. It serves as the transfer agent for the State Farm Variable Products. The company has more than 35 years of experience in the management of assets of the investment company. The State Farm VP Management Corporation serves as a broker and a dealer of the State Farm Associate, and Retail Mutual Funds and State Farm Variable products.

State Farm Insurance Agent
The Insurance Agents of State Farm are qualified people, whose main function is to make life easier for others. The following are the functions that are performed by them.
• The are the people who help you to manage our financial situation.
• State Farm offers loans and deposit products, at many competitive interest rates through the state farm bank.
• They are known to be providing good health insurance plans that work well for your insurance needs, of auto, home, life and health.
• They also shall provide you with valuable information that is necessary on how to protect yourself from the risks in order to get the most your money.

State Farm Auto Insurance
State Farm has been in the business of auto insurance since long, and has been able to provide excellent automobile coverage at affordable prices since the year 1922. When you respond to the needs of the customers, you will be a leader in the business of auto insurance.

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State Farm

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Dropped After 20 years

Feb 16, 2012 by Anonymous
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I have had State Farm insurance for my cars and home for over 20 years. State Farm just completed a car policy review and dropped us with little notice or explanation. Our local agent has been a family friend and admits that the company is dropping a lot of long time customers and he no longer can explain his lack of influence at the corporate level. We have had a total of 6 car accidents over this 20 year time frame and put in a claim on 5 of the accidents. I am completely at a loss for how thousands of dollars in premiums over 20 plus years and only 5 car claims gets long time loyal customers dropped.


Impressed

Feb 01, 2012 by Anonymous
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My dealings with the State Farm office in Rochester have been excellent. My agent was polite, patient, and able to save me close to $400/year with identical coverage from my other carrier. I have had State Farm in the past and did not have such a pleasant experience, needless to say, I was skeptical. I am quite impressed.


won't Fix All Of The Damage

Jan 19, 2012 by Anonymous
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My parked car was hit. State Farm covered the exterior damage not the interior. State Farm authorized the dealership to diagnose the mechanical problems. After the diagnosis they said there was not enough evidence to prove that the mechanical issues started because of the accident. Now I have a broken car and they left me with the $500 fee that the dealer charged to diagnose the problems that they authorized.


Too Expensive

Jan 05, 2012 by Anonymous
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First they dropped our home owner policy and now their auto rates are going through the roof!


Low-Ball Estimate

Dec 30, 2011 by Anonymous
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I was involved in a hit-and-run accident. We had uninsured under-insured coverage though. State Farm has low-balled us all the way on this accident. They will not even cover medical.


Dropped Because of Family Member

Dec 16, 2011 by Anonymous
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I've been a loyal customer for 25 years. Someone in my household had a problem with their license and they dropped him and ME. when I called they said because we are in the same household that they are canceling my policy as well.


Drawn Out Claims Process

Dec 16, 2011 by Anonymous
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A simple curb smack caused a bent wheel and bent suspension components. It's been 13 days and the car is still in the shop. They will force you to use used suspension components (many think this is dangerous since the parts may be structurally compromised by a prior accident). Two weeks is a long time for a vehicle to be in the shop for very minor repair. Had I known how slow and argumentative they are, I would have paid for the repair myself (rental costs will be close to $1,000 anyway).


Poor Customer Service

Dec 10, 2011 by Anonymous
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From my experience, their adjusters are unprofessional and inept - they have no idea how to do their job!


won't Pay Claim

Dec 06, 2011 by Anonymous
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I was rear-ended by a State Farm insurance holder and they won't take responsibility. In Texas, police officer does not determine liability, which is unfortunate. Then we have to try to prove something completely different actually happened to cause the accident.


Denied Hail Damage

Nov 15, 2011 by Anonymous
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Our area experienced a freak storm with hail the size of golf balls. After the storm, I checked the house for damage and found chunks of siding taken out. I contacted State Farm who sent an adjuster out. He was able to get on my porch roof and found damage, but could not get onto the house roof. Another adjuster was sent out who tried to say the damage to the siding was a result of children playing ball in the neighborhood (appalling since I live on an hill, very close to my neighbor's house, and there no children in the area). I denied this and he finally said he would replace our siding. He also found damage to the roof's ridge vent and siding, but none to the roof. I hired a contractor who found hail damage to our roof. He sent photos to State Farm and they eventually sent another adjuster out. This adjuster found damage to the gutters, but none to the roof. My contractor was present and pointed out the damage. The adjuster told my agent's office that their was "scuffing on the roof due to people walking on it". This was preposterous since only the State Farm adjusters and my contractor was the only ones on my roof ever and they wore special boots. So, according to State Farm, there was damage to my siding, gutters, ridge vent and my car, but miraculously none to my roof.


Insurance USA , USA 8.5 127.0 198 198 I had a great experience with State Farm during my recent accident. I rear ended somebody and we agreed to exchange insurance and touch base later. State Farm had attempted to call