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Rating: 9.4 / 10 (Excellent)
2 Customer Reviews - see all comments
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StateFarm is a company that provides various insurance and financial services in the United States and Canada. They can provide general, auto, accident, homeowners, condo owners, renters, life and annuities, fire and casualty, health, disability, long term care, business, and boat insurance products. The company was founded in 1922, and has since become one of the largest insurers in the United States.
 
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How is StateFarm rated?

Breakdown

5.0/5
Coverage & Benefits
5.0/5
Pricing & Discounts
4.9/5
Financial Strength
3.5/5
Customer Experience

Overall Rating: 4.7 / 5 (Excellent)

StateFarm is virtually synonymous with auto insurance, with 45 million customers in the United States. Among their many offerings, StateFarm also provides high-risk auto insurance for consumers who hold SR-22 forms. For specific information regarding the coverage options available to this type of customer, the company has an instant quote feature which can narrow down the choices. There is some cause for concern regarding the company's high complaint ratio and elevated cost, but all in all, we consider it a good choice for high-risk insurance.

StateFarm Coverage & Benefits

Coverage & Benefits - 5 / 5

StateFarm Auto Insurance has one of the widest coverage offerings in the industry, in every state as well as Washington, D.C. Even if a consumer is a high-risk insurance proposition, StateFarm can find a policy which can adequately cover their special needs. Additionally, the company also offers coverage, for drivers who drive fro rideshare companies.

Basic Coverage

  • Roadside Assistance
  • RideShare Driver Coverage
  • Bodily Injury Liability
  • Property Damage Liability
  • Collision
  • Comprehensive
  • Personal Injury
  • Medical Payments
  • Uninsured/Underinsured Motorist

Additional Coverage

  • Rental Reimbursement

StateFarm Pricing & Discounts

Pricing & Discounts - 5 / 5

StateFarm's wide coverage options do come at a slightly higher price than other, comparable insurers in the industry. The company has a considerable number of discounts available, however, many of which focus on safety measures, which for obvious reasons will probably not be available for drivers with SR-22 forms. Other discounts may still be accessible, like bundled policies or anti-theft.

Discounts

  • Defensive Driving Course Discount
  • Driver Training Discount
  • Multiple Vehicle
  • Safe Driver
  • Anti-Theft
  • Vehicle Safety
  • Student
  • Bundled Policy

StateFarm Financial Strength

Financial Strength - 4.9 / 5

StateFarm underwrites its own policies, for all of the different insurance branches of the company. They are one of the largest insurers in the United States, and this is reflected in their financial strength with ratings agencies such as Moody's and A.M. Best.

Financial Ratings

Moody's Financial Rating
Aa1
AM Best Financial Rating
aa+
Company Type
Underwriter
Year Founded
1922

StateFarm Customer Experience

Customer Experience - 3.5 / 5

StateFarm's parent company (which also covers home, life, fire, and accident insurance) enjoys a very good A- rating with the Better Business Bureau, despite a majority of unfavorable reviews. The BBB also mentions some unresolved government actions, but we found that these were related to the fire and casualty branch, rather than for the automobile segment. The company's complaint ratio is higher than average, though, which may give potential customers food for thought.

Reviews

BBB Rating
A-
Trust Pilot Rating
4.7 out of 10
NAICS Complaint Ratio 2016
1.25
NAICS Total Complaints 2016
26
Date Collected
2018-03-09

Support

  • Online Management
  • 24/7 Support
  • Mobile App

Company Profile

Full Name
StateFarm SR-22 Insurance
Company Website
https://www.statefarm.com/
Headquarters
One State Farm Plaza, Bloomington, IL, 61710
Top Rated
(888) 204-1723
VISIT SITE

  • Get a free online quote
  • See which discounts are available in your state
  • Choose between different coverage types
  • Benefit from the expertise of almost 100 years in business
  • One-on-one agent support
  • Agents in almost every zip code
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Latest StateFarm Reviews

Laura H

12/6/2019
We have been with State Farm for over 17 years with no claims. Our son, who is on our policy needed to get SR-22 coverage and they said they do not offer this because it's to high risk. Time to take our 3 cars and homeowners policies to another company. Don't waste your time with State Farm.

R
Rick

8/12/2019
I Had state farm auto Insurance for four years. The state of Ohio said I needed to carry a SR-22. I was told by State Farm they did not issue the SR-22's , and was told to find another company that did. after 4 years and a spotless record State Farm Lied to me!

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