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State Farm

Top pick · AM Best A+

State Farm carries an AM Best financial-strength rating of A+ (Superior) and writes auto, homeowners, renters, condo, landlord, umbrella, life, motorcycle, boat, rv, commercial auto, business owners policy, workers' compensation and general liability insurance. It best suits drivers and homeowners who want a local agent, bundling auto and home. Sold through captive local agents; multi-policy and safe-driver discounts. Compare it on financial strength, claims record, and coverage before buying.

State Farm at a glance

State Farm: key facts
AM Best ratingA+ (Superior)
J.D. PowerTop-ranked in the Northwest region, J.D. Power 2025 U.S. Auto Insurance Study
Founded1922
HeadquartersBloomington, IL
Coverage linesAuto Insurance, Homeowners Insurance, Renters Insurance, Condo Insurance, Landlord Insurance, Umbrella Insurance, Life Insurance, Motorcycle Insurance, Boat Insurance, RV Insurance, Commercial Auto Insurance, Business Owners Policy, Workers' Compensation Insurance, General Liability Insurance
Best forDrivers and homeowners who want a local agent, Bundling auto and home
How to buySold through captive local agents; multi-policy and safe-driver discounts.

Strengths

  • Largest U.S. market share
  • Extensive local-agent network
  • Broad product range

Trade-offs

  • Rarely the lowest-cost option
  • AM Best lowered its rating to A+ in late 2025
  • Pulled back on new home business in some states
How to buy

Sold through captive local agents; multi-policy and safe-driver discounts. Your premium depends on your profile, location, and coverage, so confirm current pricing with a quote.

The largest U.S. auto and home insurer, operating through a captive local-agent network. Founded in 1922 and based in Bloomington, IL, State Farm holds an AM Best Financial Strength Rating of A+ (Superior), the independent measure of an insurer’s ability to pay claims that we use to rank carriers.

State Farm writes auto, homeowners, renters, condo, landlord, umbrella, life, motorcycle, boat, RV, commercial auto, business owners policy (BOP), workers’ compensation, general liability coverage. It is often a fit for drivers and homeowners who want a local agent, bundling auto and home. Reported strengths include largest u.s. market share, extensive local-agent network, broad product range. Trade-offs to weigh: rarely the lowest-cost option, am best lowered its rating to a+ in late 2025, pulled back on new home business in some states.

AM Best ratings and product availability change over time and vary by state. Confirm the current rating, the lines offered where you live, and pricing directly with the carrier or through a quote.

Coverage State Farm writes

Auto InsuranceHomeowners InsuranceRenters InsuranceCondo InsuranceLandlord InsuranceUmbrella InsuranceLife InsuranceMotorcycle InsuranceBoat InsuranceRV InsuranceCommercial Auto InsuranceBusiness Owners PolicyWorkers' Compensation InsuranceGeneral Liability Insurance

How to evaluate a auto insurer

A carrier's marketing rarely tells you what matters. Before you buy auto coverage from State Farm, or anyone, weigh four things that actually predict your experience:

  • Financial strength. An insurer must be able to pay claims years from now. Check its AM Best financial-strength rating; A- or better signals a stable balance sheet.
  • Claims & complaints. The NAIC complaint index compares consumer complaints to an insurer's market share, under 1.0 is better than average. It's the closest thing to a public claims-experience score.
  • Coverage and exclusions. Two policies at the same price can differ enormously. Read what's covered, the limits, the deductible, and, most importantly, the exclusions.
  • Discounts and price. Bundling, claims-free, and safety discounts move the number. Always gather at least two quotes so the comparison is real.

AM Best ratings, pricing, and product availability change over time and vary by state, so confirm the current specifics with the carrier or in a quote.

Sources

  1. AM Best Financial Strength RatingsAM Best · Authoritative · accessed 2026-05-30
  2. NAIC Complaint IndexNational Association of Insurance Commissioners · Authoritative · accessed 2026-05-30

State Farm: common questions

Is State Farm available in my state?

Carrier availability and pricing vary by state and by line of business. The fastest way to confirm whether State Farm writes auto insurance where you live, and at what price, is to start a quote with your ZIP code.

How financially strong is State Farm?

State Farm holds an AM Best Financial Strength Rating of A+ (Superior). AM Best is an independent agency that grades insurers on their ability to pay claims, and we rank carriers primarily by this third-party rating. Ratings can change, so confirm the current one before buying. See our methodology for how we compare carriers.

What should I check before buying a policy from any insurer?

Confirm the insurer's financial strength rating (AM Best), review its NAIC complaint index relative to market share, read the specific coverages, limits and exclusions, ask about available discounts, and get at least two competing quotes so you can compare like for like.

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