State Farm Insurance Company
Company Type: Mutual
CEO: Edward B. Rust, Jr.
Headquarters: Bloomington, Illinois
Number of Employees: 65,000+
A.M. Best Financial Stability Rating: A++
State Farm Insurance was born in 1922 when a retired farmer, G. J. Mecherle sold his first auto policy for $11.17. From the beginning Mecherle’s vision was to operate fairly and do the right thing for customers. Today, State Farm is one of the largest home and auto insurers in the country. The company is currently ranked number 41 on the Fortune 500 list of largest companies. While they’ve grown throughout the year, they still strive to keep customers first and “be a good neighbor”.
State Farm Insurance offers almost 100 products and services. The company has a host of banking and investment products, but it is best known for its insurance products. Many people have a State Farm homeowners insurance, auto insurance or life insurance policy. In addition to these, customer may receive State Farm quotes for:
- Health insurance
- Long-term care insurance
- Disability insurance
- Liability insurance
- Identity protection insurance
With so many insurance products, State Farm can help a wide variety of customers with their coverage needs. Homeowners may find adequate coverage through a standard State Farm homeowners insurance policy. If needed, State Farm can also help customers supplement standard coverage with higher limits and riders for valuable items such as fine jewelry or collectibles.
When customers are shopping for a new insurance policy they should compare State Farm quotes with other top providers. Make sure to compare similar coverages for the most accurate comparison.
The Claims Process
State Farm Insurance processes about 35,000 claims on a daily basis. To save their customers time, State Farm offers a simple and easy claims process. On State Farm’s website, members can:
- File a claim
- Check a claim’s status
- Report fraud
- Find a repair facility
If customers do not wish to file a claim online, they can also file a claim through their personal State Farm agent or by calling State Farm directly through their claims center phone number.
For customers looking to save money on insurance, there are a variety of State Farm discounts that may help lower premiums. Keep in mind that discount availability varies by state and customer eligibility. Here are a few State Farm discounts that may be available to customers:
- Multiple Line Discounts
- Good Driving Discount
- Good Student Discount
- Drive Safe & Save™ Discount Program
- Home Alert Discounts
- And more…