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State Farm Home Insurance Review

12 Customer Comments & Reviews - see all comments
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State Farm is one of the largest providers of insurance policies in the U.S. Founded in 1922 and headquartered in Illinois, the company provides insurance products including general, auto, accident, homeowners, condo owners, renters, life, fire and casualty, health, disability, and long term care.

Consistent customer satisfaction remains one of State Farm's most important priorities, and they consistently receive high ratings in this area. State Farm has an excellent four-star TrustPilot score.

How is State Farm rated?

Breakdown

5.0/5
Coverage Options
4.3/5
Pricing and Discounts
4.5/5
Customer Service
5.0/5
Financial Strength
4.3/5
Add-On Coverages

Overall Rating: 4.6 / 5 (Excellent)

You can't really choose a more stable firm for homeowners insurance than State Farm.

The organization has been in operation for almost 100 years and has an unparalleled reputation for financial stability and customer service.

State Farm, however, has endured a few hits to its reputation recently as the company is currently refunding more than $13 million to customers in California due to overcharging.

It is not clear how this will affect the company's credibility in the long term.

Financial Strength

Financial Strength - 5 / 5

State Farm is at the top of the heap when it comes to financial strength. The company boasts very high marks from A.M. Best and Standard & Poor's.

What's more, in terms of marketshare and premiums written, State Farm is the largest insurer in the nation.

So in exchange for higher premiums, you will be getting the most solid financial backing possible in terms of their ability to pay claims far into the future.
Underwriter
State Farm Mutual Automobile Insurance Company
Marketshare
10.19%
Premiums Written
$62,192,179,982
Standard & Poor's Financial Rating
AA
AM Best Financial Rating
A++
*The above information reflects the financial strength of the underwriter of the State Farm home insurance policies: State Farm Mutual Automobile Insurance Company.

Customer Experience

Customer Service - 4.5 / 5

State Farm's BBB grade was markedly decreased recently due to a judgment that they had overcharged customers in California approximately $13.3 million.

The company has been ordered to refund this money with interest and is currently complying.

State Farm, however, has a good Trustpilot score and less NAIC complaints than the national average.

National Association of Insurance Commissioners

NAIC Complaint Ratio
0.76
NAIC Total Complaints
114
*The NAIC complaint ratio (in this case 0.76) is a ratio of the number of complaints a company received to the total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.

Customer Ratings

Trust Pilot Rating
7.5 out of 5
BBB Rating
D-
Number of BBB Positive Reviews
4
Number of BBB Neutral Reviews
3
Number of BBB Negative Reviews
127
Date Collected
2017-11-02

State Farm Coverage

Coverage Options - 5 / 5

State Farm offers just about any type of standard and additional coverage under the sun.

This includes normal dwelling protection, liability, and medical expenses, but also includes standalone floaters for expensive items and enhanced dwelling protection.
Basic Coverage Types
Dwelling Protection
Other Structures Protection
Personal Property Protection
Liability Protection
Guest Medical Protection
Additional Living Expense Coverage
Additional Coverage
Water Backup Coverage
Enhanced Dwelling Protection
Scheduled Personal Property Coverage

Pricing & Discounts

Pricing and Discounts - 4.3 / 5

State Farm's list of discounts is shorter than average when compared to some of the other carriers we evaluate.

They only advertise discounts for home security and impact resistant roofs.

On the policy level customers can get discounts bundling home insurance with many of State Farms other insurance products.

Household Discounts

  • Home Safety Features
  • Impact Resistant Roof

Policy Discounts

  • Multi-Policy

Contact & Additional Information

Homepage URL
Company Phone
(800) 782-8332
Headquarters Address
One State Farm Plaza, Bloomington, IL, 61710
Year Founded
1922

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12 Customer Comments & Reviews

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S
Sita
9/20/2023
Over 2 years waiting for a roof claim - we continue to get water damage every time it rains, new areas of interior celling damage in over 5 rooms now - and they just ask you to file a new clam yet do nothing about the fact that the roof needs fixing first. We are continually told to find out if replacement shingles are available- which they are not, and even if they were they available, they would not match the old ones on my roof due to wear and exposure to elements over the last 20 years. Even the manufacture told us they will not match, and we will have a patchwork quilt on our roof, to which the State Farm rep responded " oh they don't have to match as long as they are the same... Read More


capmercaldo
7/5/2023
I am a State Farm customer. I have all of my insurance with State Farm; home and auto. Last year my neighborhood experienced a thunderstorm/hail event. State Farm paid for an immediate neighbor’s claim for their roof and gutters -replaced. They had an old roof. Even though I have damage, State Farm’s first inspection would not recognize any damage! I asked for a second inspection which saw damage to gutters and metal roof valleys. My asphalt roof is relatively new now has observed damage - but State Farm will not recognize damage that matches State Farm guidelines. Even though my newer roof doesn’t show damage like my neighbors old roof both were damage! Why pay for insurance?! Or be... Read More


A
Allan J
1/9/2020
I found State Farm handling of a claim made last month to be misleading, malicious and manipulative. State Farm's so called claims adjuster failed to carefully observe the facts, and found different pretexts for avoiding a claims settlement. I was shocked and completely dissuaded from recommending State Farm in the future and will reconsider using them when my policy ends. The agent in McLean Virginia gave initial information regarding how the claim would be honored and under what circumstances they would disallow appearance of water in a basement and then completely twisted the story.


D
Danny G
9/6/2019
i would make sure when you make a claim with state farm ins you hire a lawyer to go through the claims with you, i been a customer with them for 40 years plus and have only 2 claims,was very happy with first claim this 2nd claim Sate Farm has been very unpleasent to deal with,


C
Colleen
8/30/2019
What they do should be illegal. Who protects the Homeowner? My husband had them for over 20 years, his parents had them ... There is no loyalty. They continuously raise your insurance rates for no reason. Will literally say that a new customer will pay less than someone that has kept coverage with them for over 20 years ... Arbitrarily up your homeowner coverage amount to charge you more money ... Bombard you with confusing, worthless garbage statements so you can’t see they are constantly raising your rates ... Just don’t even start with them.


W
Will
10/22/2018
State Farm is not "like a good neighbor...". It denied my claim for very extensive water damage caused by a shut off ball valve leak. SF claimed the valve was old, failed because it probably was turned on and off too much, and that it probably was installed incorrectly. All of these assumptions are inaccurate. Also, SF denied the claim because, according to their agents, in the fine print of its policy, it states SF does not cover most plumbing failure damages unless caused by freezing. It would cover, however, damage from a leaking old water heater, which is a case of inconsistent logic. Certainly many houses have plumbing that fails and causes damage, and obviously owners buy... Read More


R
R.G R
8/26/2018
Well I TRIED! 38 years paying your company approx 194,000! Now I’m done and what I mean is your company has worn me down! My husband said NO MORE! Time for an attorney. We’ve never had a claim & your adjuster used pricing from the 1950’s. I reached out to my agent and asked for the procedures, thankfully I have in writing. Then I quote “oh she didn’t mean that” SERIOUSLY? Then it’s they need this- I provide- now it’s something else. I have a hard copy of policy that I requested before storm- guess what NOTHING MATCHES what I’m being told. If there was a rating below zero, that would be what I would give. So FRUSTRATED


B
Bill
5/1/2018
Have been with State Farm for 32years, made 1st homeowner claim ever...one month ago, then received a letter from SF indicating they dropped me my HO policy. No communication from agent or ratitional


Marny M
3/18/2018
State Farm's homeowner's policies are riddled with exclusions, including damage caused by corrosion. Many homes built prior to 1972 contain galvanized pipes, which eventually corrode and cause damage. When this happens, you will be on your own if your homeowners policy is with State Farm!


J
john d
11/6/2016
They take your money fast, But don't like to pay claims. State farm is the biggest scammer of them all. They are going to hell in a hand basket....



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