Key takeaways
State Farm ranks #5 for affordability among major home insurance carriers, with average rates of $94 monthly.
— QuoteYeti editorial team
- 02 Customer experience ranks #2 based on J.D. Power scores, NAIC complaint data, and online sentiment.
- 03 Coverage breadth scores #1 — see the coverage section below for which add-ons set State Farm apart.
State Farm ratings
How much does State Farm cost?
State Farm home insurance costs homeowners $94 monthly on average, or $1,128 annually — -2% compared to the national average. Actual rates vary significantly based on your profile, location, and coverage selections. Use the cost-by-category table below to see how State Farm typically prices different homeowner profiles.
Avg monthly
$94
Avg annual
$1,128
vs. national avg
-2%
How State Farm compares
−2% below the national average for comparable coverage.
Rates by category
| Category | Minimum coverage | Full coverage | Rank |
|---|---|---|---|
| New homes (built post-2010) | $80 | $94 | #5 |
| Older homes (pre-1980) | $118 | $132 | #6 |
| High-value homes ($1M+) | $235 | $263 | #5 |
| Condos / townhouses | $56 | $66 | #5 |
State Farm earns #3 overall in our home rankings — the kind of performance that rewards a closer look, not a coin flip.
State Farm reputation
State Farm ranks #2 in QuoteYeti's customer experience study for home insurance. The score blends J.D. Power survey data, NAIC complaint ratios (0.55 versus an industry-wide 1.00 average), and member sentiment from public review sources. Customers consistently praise State Farm for responsive service and smooth claims experiences.
Step 01
Buying process
Buying coverage from State Farm is a strong experience for most homeowners. The quoting process can happen either online or through a local agent — agent involvement adds personalization.
Step 02
Policy management
Day-to-day policy management at State Farm is straightforward, with self-service through both the mobile app and web portal. Customers who prefer in-person service appreciate access to local agents.
Step 03
Claims experience
Claims handling at State Farm is consistently strong, with NAIC complaint data well below the industry average and J.D. Power scores reflecting member satisfaction. For straightforward claims (windshield repairs, minor incidents), most homeowners report fast resolution. Complex claims requiring extensive investigation can take longer.
Independent industry ratings
Independent ratings from major financial-strength and customer-satisfaction agencies:
| Source | Score | Overview |
|---|---|---|
| AM Best Financial Strength 1 A.M. Best Insurance-industry credit rating agency since 1899. A++ is the highest financial-strength grade. | A++ (Superior) | Superior ability to meet financial obligations — only the top tier of P&C companies earn this rating |
| S&P Global Financial Strength 2 S&P Global Standard & Poor's Global Ratings. Insurance financial-strength grades from AAA (strongest) to D. | AA | Very strong capacity to meet financial commitments |
| J.D. Power Claims Satisfaction 3 J.D. Power Consumer satisfaction surveys with 12,000+ policyholders annually. Scores run 0–1000; above 800 is considered excellent. | 829/1,000 | Above industry average |
| NAIC Complaint Ratio 4 NAIC National Association of Insurance Commissioners. Their complaint index is 1.0 = average; lower is better. | 0.55 | Substantially fewer complaints than expected for company size |
State Farm discounts
State Farm offers 5 discounts to help reduce your premium:
| Discount | Average savings | Eligibility |
|---|---|---|
| Multi-Line Bundle | Up to 17% | Bundle home with auto insurance |
| Home Alert Protection | Up to 10% | Monitored alarm systems and smart home devices |
| Roofing Discount | Variable | Newer roof or roof made of impact-resistant materials |
| Claim-Free | Variable | Three or more years without filing a claim |
| Loyalty | Variable | Long-term customers with continuous coverage |
State Farm coverage options
State Farm offers a comprehensive coverage menu typical of major home insurance carriers, with several add-ons that set it apart from competitors. The table below details the main add-ons available.
| Add-on coverage | What it covers | Key features |
|---|---|---|
| Personal Articles Policy | High-value items like jewelry, art, and collectibles | Replacement cost coverage; can be scheduled separately |
| Identity Restoration | Costs to restore identity after fraud or theft | Available as an endorsement on most home policies |
| Service Line Coverage | Damage to buried pipes and wires from your home to the street | Important for homes with older underground utilities |
| Increased Dwelling Limit | Additional reconstruction costs if rebuilding exceeds your dwelling limit | Useful in markets with rapidly rising construction costs |
Pros and cons
Ordered by impact. The top item in each column is the one we'd weight heaviest in a recommendation.
What's working
- Top pro Largest agent network in the US (19,000+ local agents)
- Strong bundling discounts with auto policies (up to 17%)
- Highest financial strength rating in the industry (AM Best A++)
- Comprehensive coverage options including high-value items
- Consistent claims handling across the country
What's not
- Top con Base rates often higher than digital-first competitors
- Self-service tools lag State Farm's competitors in some areas
- Coverage rules can vary significantly by state
- Less aggressive on cutting-edge underwriting innovations
Our verdict
The bottom line
State Farm earns an overall score of 4.41/5 in QuoteYeti's home insurance provider rankings. The carrier ranks #3 nationally, with particular strength in customer experience.
State Farm is best suited for homeowners who value strong customer service over the lowest price. Base rates often higher than digital-first competitors is the most common drawback to weigh against the strengths.
As always, compare quotes from multiple insurers before committing. The right carrier depends on your specific profile — driving record, claims history, location, and coverage needs all shift the math.
Frequently asked questions
Is State Farm a good home insurance company?
State Farm is a legitimate home insurance carrier with a financial-strength rating of A++ (Superior). It ranks #3 overall and #5 in affordability in QuoteYeti's editorial comparison of major home insurance providers.
How much does State Farm home insurance cost?
State Farm averages $94 monthly ($1,128 annually) — -2% versus the national average. Your actual rate depends on your profile, location, and coverage choices. Use the cost-by-category table above to see how State Farm typically prices different homeowners.
What discounts does State Farm offer?
State Farm offers 5 primary discounts, including Multi-Line Bundle, Home Alert Protection, Roofing Discount. See the full discount table above for eligibility and average savings.
Does State Farm have good claims handling?
State Farm's NAIC complaint ratio is 0.55 (1.00 is the industry average, so lower is better). This is well below the average — meaning fewer customer complaints relative to volume. J.D. Power claims scores rate 829/1,000.
Should I choose State Farm or a competitor?
State Farm is strongest for homeowners who prioritize customer service quality. Compare quotes from at least three carriers — State Farm's rates and offerings vary significantly based on your specific profile, and the carrier that fits best can differ for homeowners in different situations.
How we rated State Farm
QuoteYeti's home insurance rankings are designed to surface where each carrier actually wins and loses. We don't accept payment for ranking placement, and our methodology is published in full so you can audit how we reach our conclusions.
60%
Cost
We compare quotes across multiple homeowners profiles, measuring how competitively each carrier prices its policies against local and national competitors. Data is normalized to comparable coverage levels.
30%
Customer satisfaction
We analyze customer feedback from J.D. Power member studies, NAIC complaint ratios, AM Best ratings, and public review sources to assess overall service quality and claims handling.
10%
Coverage breadth
We evaluate each carrier's coverage menu, scoring the variety of available endorsements, unique features, and gap-filling options.