State Farm

State Farm was founded in 1922 by George Jacob Mecherle, a retired farmer and insurance salesman. The company began with 175 agents, and the first policy sold covered a 1919 Hudson for $11.17. The company expanded to Canada in 1938. Today, they have 68,000 employees and more than 18,000 agents working to provide insurance across the U.S. and Canada.

State Farm has received recognition and awards since their early days. In 2012, FORTUNE Magazine recognized them as one of the world’s most admired companies, Great Place to Work Institute Canada named them as one of the best places to work in Canada, and G.I. Jobs Magazine placed State Farm in the top 2% of most military-friendly employers, according to the company’s website. This is evidence of the company’s goals of taking care of their customers as well as their employees.

Defensive Driving Discount

State Farm offers up to a 5% discount for drivers who complete a defensive driving course. To be eligible for this discount, drivers must meet the requirements for where they live and complete a State Farm-approved course. Each State Farm agent can provide a list of the requirements and qualifying courses.

Drive Safe and Save Discount

Drive Safe and Save is a program which requires drivers to submit certain information, have an eligible vehicle, and have an active SYNC account, which will provide State Farm with a vehicle health report, including the amount of miles being driven. State Farm will offer up to 5% in savings through this program, depending mostly on the number of miles driven. Generally, the less a vehicle is driven, the more of a discount the driver can receive.

Mobile Apps

State Farm offers an number of apps that will find an agent, file a claim, and even rate a user’s driving. The Pocket Agent app, available for Android and iPhone, allows users to get roadside assistance, retrieve policy information, make bank deposits, and more. The Driver Feedback app for iPhone measures a driver’s acceleration, braking, and cornering, all in an effort to improve overall driving. Lastly, the Steer Clear app provides Steer Clear program materials for policy holders under the age of 25 who are working toward the safe driver discount.

Multi-Car Discount

State Farm’s multiple automobile discount offers up to 20% savings for insuring more than one vehicle through State Farm. This discount is offered to individuals covering more than one vehicle through State Farm, or related individuals in the same household each insuring a vehicle — totaling at least two vehicles — through State Farm.

Multi-Policy/Multi-Line Discount

State Farm rewards customers who purchase more than one type of policy by offering a multiple line discount of up to 17%. This can include purchasing homeowners, life, or renters insurance in addition to auto insurance through State Farm.

Other Lines of Insurance

Aside from auto insurance, State Farm provides the following types of insurance:

  • Auto insurance
  • Motorcycle insurance
  • Home insurance
  • Condo insurance
  • Renters insurance
  • Life insurance
  • Health insurance
  • Disability insurance
  • Business insurance
  • Flood insurance
  • Personal insurance
  • Farm and Ranch insurance

Rental Reimbursement

If a driver’s vehicle is not drivable or in need of repairs, State Farm’s rental reimbursement coverage will cover the expenses for a rental vehicle. The amount of allowable coverage will vary by state.

Roadside Assistance

State Farm’s emergency road service will reimburse drivers for costs resulting from any roadside assistance that was needed, such as having a vehicle towed or jump-started, repairing a flat tire, or calling a locksmith to unlock the vehicle. Coverage options and amounts vary by state.

Safe Driving Discount

State Farm rewards safe driving customers by offering a safe driving discount, which can save customers up to 10%. To be eligible for this discount, drivers must have no at-fault accidents or moving violations within the last three years.

Steer Clear Safe Driver Discount

State Farm offers a discount of up to 15% for drivers younger than 25 who complete a Steer Clear course and have no moving violations or at-fault accidents within the last three years. Steer Clear is a driver’s safety course offered by State Farm to help drivers hone their driving skills.

Teenage Drivers

State Farm offers an incentive for teenage drivers by offering a good student discount. Students can save up to 25% on their premiums for earning good grades in school. Furthermore, these discounts can carry on through college and even after graduation, lasting until the age of 25.