THE GOOD

Solid home insurance coverage options:

State Farm home insurance shines when it comes to coverage options, offering standard policies for just about every type of dwelling and living arrangement. Several types of coverage are available for single-family homes, in addition to special policies for mobile homes and condos. State Farm home insurance even offers great options for farms and ranches, whether you make your home on the property or live off site. This is an offering that's quite rare in the industry. Both renters and landlords can also find strong policy options. Note that if you have an older home, State Farm homeowners insurance offers coverage only on a case-by-case basis. Most homeowners insurance companies do not consider coverage for older homes, so it may be worth contacting State Farm to see if yours qualifies.

Get a home insurance quote online:

Though home insurance policies are complex, a State Farm home insurance quote is relatively easy to generate with their user-friendly online quote tool. The tool clearly describes what information you need to input, field by field. For example, when you're asked about the structural materials used to build your home, the tool offers illustrated descriptions of all the most common responses so you can easily identify the right answer. As you work through the process, a status bar indicates how much more you have left to complete. Once you're done, the system automatically gives you the option of sending your completed quote to a local State Farm home insurance agent who then works with you to nail down the details of your policy choices. If you don't want any further assistance, you can opt out of speaking to a representative.

Quality claims management:

State Farm home insurance offers a number of great claims-filing options, including a 24-hour telephone claims filing center, online claims filing tools, and access to a local agent who gives you personalized service when you need it. The State Farm HomeIndex tool enables you to easily build an online inventory of your covered possessions to streamline the claims process in the event of a problem. You can also note the value of each item for easy calculation of your losses.

Focus on mobile apps:

If mobile access is important to you, State Farm offers a handy mobile app called Pocket Agent. Available for both iPhones and Android phones, Pocket Agent offers you full access to account management tools and bill payment services anywhere you go. You can also instantly get in touch with a local State Farm home insurance agent. However, you can't initiate a claim using the app, though this is not a widespread feature among home insurance providers. If you have an iPad, the MoveTools app is also useful, helping you to organize and manage all aspects of moving to a new home. You build an inventory of your possessions and note the whereabouts of all your items, making the unpacking process much more organized.

Comprehensive online learning materials:

Whether you're new to home insurance or have held a policy for years, State Farm's educational resources provide valuable information on policy options, claims filing, and home safety practices. The company's insurance FAQ section is excellent, offering a detailed explanation of home insurance and how it works. The Safety Learning Center is also a great resource, covering a diverse range of topics, from fire prevention advice to home security strategies. Many topics even feature video tutorials.

THE BAD

Limited homeowner discounts:

State Farm lacks some popular discounts offered by many of its competitors. The company does offer discounts for purchasing multiple State Farm policies, maintaining a claim-free record, and installing certain protective devices in your home, such as smoke detectors and fire alarms. However, you won't get any price breaks based on the age of your home, even if it's newly built. Similarly, State Farm home insurance doesn't provide discounts for new homeowners or for homeowners that have recently completed renovations, both of which are discounts offered by a number of the best home insurance companies in the market. If you think you might be eligible for any of these discounts, it can pay to shop around.

No landslide coverage:

Landslide coverage is not a standard option in most home insurance policies, so it's not too surprising that State Farm home insurance doesn't offer it. That said, if your home is located in a hilly area that receives heavy rains, the option to buy landslide coverage can be of huge importance. Fortunately, if you need this kind of insurance, there are several other major home insurance companies that can provide it.

THE DETAILS

Details
AM Best FSR A++
AM Best ICR aa+
Financial Size Category $2 billion or greater
FSR Outlook/Implication Stable
ICR Outlook/Implication Stable
Moodys Financial Strength Aa1
Standard and Poors FSR AA

FEATURES

Title
  • Condominium Insurance (HO6) The insurance provider offers HO6 coverage for condos.

  • Farm/Ranch You can buy insurance to protect your farm or ranch.

  • Mobile Home You can buy insurance to protect your mobile home.

  • Older Homes (HO8) The insurance provider offers HO8 coverage for older homes.

  • Premier Policy (HO5) The insurance providers offers HO5 coverage that includes open perils coverage on personal property.

  • Rental Property Insurance You can buy insurance to protect your rental property.

  • Renters (HO4) The insurance provider offers renters insurance.

  • Special Form (HO3) The insurance provider offers HO3, open perils coverage.

  • Claim-Free Discount You can receive a discount for remaining claim-free for a certain period of time.

  • Multiple-Policy Discount You can receive a discount for having multiple insurance policies with the same company.

  • Protective Device Discount You can receive a discount if you have smoke detectors, fire alarms, burglar alarms, or other protective devices.

  • Age of Construction Discount Discounts based on the age of your home are available.

  • Age of Insured Discount Discounts based on the homeowner's age are available.

  • Newly Purchased Home You can receive a discount if you recently purchased your home.

  • New/Renovated Home You can receive a discount if your home is new or recently renovated.

  • Aircraft Damage to your home caused by an aircraft is covered.

  • Explosion Damage to your home caused by an explosion is covered.

  • Fire Damage to your home caused by fire is covered.

  • Ice/Snow/Sleet Damage to your home caused by ice, snow, or sleet is covered.

  • Lightning Damage to your home caused by lightning is covered.

  • Plumbing Damage to your home caused by a frozen, burst, or damaged water pipe is covered.

  • Riot/Civil Commotion Damage to your home caused by a riot or civil commotion is covered.

  • Smoke Damage to your home caused by smoke is covered.

  • Theft The home insurance company covers any loss or damage to your home due to theft is covered.

  • Tornado Damage to your home caused by a tornado is covered.

  • Vandalism Damage to your home caused by vandalism is covered.

  • Water Damage to your home caused by water is covered.

  • Wildfire Damage to your home caused by a wildfire is covered.

  • Wind Damage to your home caused by wind is covered.

  • Dwelling Coverage for the cost of rebuilding/repairing your home if it is damaged by a covered peril is available.

  • Loss of Use If your home is damaged or destroyed, the insurance company will cover living expenses while repairs are made.

  • Medical Payments Coverage for medical payments is available.

  • Nationwide Availability The insurance company is available in at least 48 states.

  • Other Structures Coverage for detached garages, sheds, or other structures on your property is available.

  • Personal Property The insurance company covers the cost of replacing your possessions if they are destroyed by a covered peril.

  • Personal Liability Coverage for lawsuits associated with bodily injury or property damage that you may be responsible for is available.

  • Computer Coverage You can add computer coverage to your insurance as an additional policy or as an endorsement.

  • Earthquake Insurance You can add earthquake coverage to your insurance as an additional policy or as an endorsement.

  • Flood Insurance You can add flood coverage to your insurance as an additional policy or as an endorsement.

  • Identity Fraud Expenses You can add identity fraud expense coverage to your insurance as an additional policy or as an endorsement.

  • Personal Umbrella Policy You can add personal umbrella coverage to your insurance as an additional policy or as an endorsement.

  • Scheduled Personal Property You can add scheduled personal property coverage to your insurance as an additional policy or as an endorsement.

  • Water Backup and Sump Overflow You can add water backup or sump overflow coverage to your insurance as an additional policy or as an endorsement.

  • Landslide Insurance You can add landslide coverage to your insurance as an additional policy or as an endorsement.

  • 24/7 Claims Center You can contact a claims center 24/7.

  • Agent Claim Filing You can contact an agent to file a claim.

  • Deductibles Flexible deductibles are available.

  • Mobile Claim Filing You can file a claim through a mobile app.

  • Online Claim Filing You can file a claim online.

  • Online Photo Inventory You can upload images of your personal property to an online location to document your property and help facilitate the claims process.

  • Telephone Claim Filing You can file a claim via telephone.

  • Photo Upload You can upload photos of damaged property to assist with the claims process.

  • Locate an Agent A tool is available online to help you locate an agent.

  • Manage Your Policy You can manage your insurance policy online.

  • Online Policy Purchase You can purchase a policy entirely online.

  • Online Rate Quotes You can get a quote on the company's website.

  • Automatic Payments Payments can be scheduled automatically.

  • Credit Card Payments You can make a payment with your credit card.

  • Flexible Payment Options Flexible payment terms over different periods of time are offered.

  • Mail Payments Payments can be mailed.

  • Online Payments Payments can be made online.

  • Pay by Bank Account You can make a payment directly from your bank account.

  • Phone Payments Payments can be made over the phone.

  • Prepayment Policies can be prepaid in full, often at a discount.

  • Email/Ticket An email or ticket system dedicated to support is available.

  • Live Chat You can contact the company through live chat.

  • Phone You can contact the company by phone to get support.

  • Social Media You can contact the home insurance company with questions through social media websites.

  • A.M. Best Excellent or Better The company has an A.M. Best rating of "A" or better.

  • ICR Rating Stable The company has an A.M. Best Credit Rating rating of "Stable" or better.

  • Moody Rated Very Strong The company has a Moody's rating of "Aa3" or better.

  • S&P Rated Very Strong The company has an S&P FSR rating of "AA-" or better.

  • Blog The company provides a blog with relevant insurance information.

  • FAQs The company provides a list of answers to frequently asked questions.

  • Glossary The company provides a glossary of common industry terms.

  • Knowledge Base The company provides a knowledge base of detailed help articles.

  • Video Tutorials The company provides video tutorials.

  • Forum The company provides an interactive forum where users can post questions and answers.

  • Android An Android app that allows you to access your home insurance policy is available.

  • Claim Details You can update your home insurance claim details through a mobile app.

  • Connect with an Agent You can connect directly with an agent through a mobile app.

  • Favorable Mobile App Store Reviews The company has a combined 3.5 stars or greater for their iPhone and Android apps.

  • iPhone An iPhone app that allows you to access your home insurance policy is available.

  • Mobile Website A mobile-specific website is available.

  • Pay Premium You can pay your premium through your mobile app.

  • Tablet A tablet-based app is available.

  • Edit Policy You can edit or change your policy details with a mobile app.

  • File a Claim You can initiate or file a new claim through a mobile app.

Comparable Homeowners Insurance Providers


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