State Farm Review
State Farm isn’t your local mom and pop insurance company; it’s a modern, financially solid insurance company that looks and operates like it belongs in 2020.
In addition to offering car insurance, home insurance, life insurance, and disability insurance, State Farm is one of the few insurance companies that also offers motorcycle insurance with a variety add-ons providing coverage for:
- Damage to your motorcycle in an accident
- Protective gear
- Side cars that are attached
- Trip interruption expenses
- Emergency roadside expenses
- Uninsured motorist coverage (which includes bodily injury and property damage coverage)
- Your state’s liability requirements
- Vandalism, fire, theft (even if your bike is in storage)
State Farm is a universally-liked provider. AM Best ranks its financial strength as an A++ (meaning best of the best), and J.D. Power considers it to be better than most other auto insurance companies for customer satisfaction.
About the only thing missing from State Farm is discounts. Presently, it doesn’t offer as many ways to save as other providers.
However, this may be because it’s often already significantly cheaper than its competitors. You don’t need to offer discounts if your policy is already competitively priced.
|Does not offer many discounts|
What it may lack in discounts, State Farm makes up for in all other regards. It’s positively reviewed, has competitive premiums, insures just about every type of motorcycle, and offers a wide range of coverage options to suit your needs.
State Farm Overview: Financial Strength, Availability, and History
State Farm has an A+ with the Better Business Bureau (BBB), which takes into account a few complaints against it (completely normal for an insurance company of its size).
The BBB notes State Farm was recently court-ordered to issue $13,335,701 back to 241,256 Calornians. However, this is because there was a dispute with the insurance commissioner of California who wanted Californians to have lower rates.
On YouGov State Farm is ranked as the third most popular insurance company in the nation. 50% of people have a positive opinion of it, 35% are neutral, and just 12% have a negative opinion of it.
During Covid-19, State Farm has actively participated in philanthropy work, frequently donating money to small businesses and nonprofits. Currently, State Farm has donated $10 million to help companies stay afloat.
- In business since 1922
- States served: 50
- Offers multiple types of insurance
- Has a cutting edge mobile app and web presence
- Frequently offers lower rates than its competitors
|Advertised discounts||AM Best Financial Strength Rating||24/7 Claims Support||Online Resources||Vintage/ Classic bike coverage|
All information accurate as of 4/21/2020.
The Bottom Line
State Farm motorcycle insurance is a great choice to protect you, your passenger, and your motorcycle.
Though it doesn’t offer much in the way of discounts, State Farm does insure just about every motorcycle type there is and offers a lot of coverage options to suit your exact insurance needs.
Both the company and the State Farm Mobile app receive high reviews from customers (almost 160K positive reviews on Apple, 22,873 on Google for the app). In your search for a reputable, trustworthy motorcycle insurance provider, State Farm is a great place to start.
Yes. State Farm’s motorcycle insurance can help cover the medical costs resulting from injuries to someone else, even if you are legally responsible. Opt for uninsured motorist coverage, and both you and your passenger will always be protected.
There are multiple bike types that are covered by State Farm. These include the following:
- Factory-built motorcycles
- Motorized scooters
- Classic motorcycles
- Custom motorcycles
- Trail bikes
It’s important to note that each bike will have different coverage options. Make sure you speak with your State Farm agent to identify which policy best suits your needs.
Yes. State Farm offers a handful of discounts when you bundle your motorcycle insurance with other lines of insurance, though it doesn’t offer much in the way of specific motorcycle discounts. Speak with an agent before you purchase coverage, as discounts will vary depending on what policy you pair together.
Liability is one of the most common coverages for both auto and motorcycle insurance. In its simplest form, liability coverage helps pay for another person’s expenses concerning bodily injury and property damage.
Although liability coverage is required by law in most states, you should also look into the amount of liability that is included when you purchase your policy.
The minimum liability amount required in many states is often not enough for a serious accident. Should the other driver suffer extreme injuries, any medical costs or property damages that exceed your policy’s limits will have to be paid by you out of pocket. For this reason, we recommend as a best-practice, opt for as much insurance as reasonably fits your budget.