Farmers Insurance vs State Farm
Farmers Insurance
Major U.S. insurer offering auto, home, and bundled coverage options.
Budget-conscious consumers seeking basic auto coverage and those preferring traditional agent relationships
VS
SF
State Farm
Established full-line insurer with extensive agent network offering competitive home, renters, and auto insurance.
Homeowners seeking bundled coverage, customers prioritizing low rates, and those wanting financial stability and higher satisfaction scores
Short Answer
State Farm ranks higher in homeowners insurance (No. 3 vs No. 8) and offers better bundling discounts (17% vs 10%), with lower average rates and stronger financial performance. Both insurers score 4.4/5 in auto insurance and are among America's most recognized providers, though State Farm edges out Farmers in overall customer satisfaction and pricing.
Our Verdict
State Farm emerges as the stronger choice for most customers, offering superior homeowners coverage rankings, better bundling discounts, and lower rates with higher customer satisfaction. While both companies maintain comparable auto insurance ratings (4.4/5), State Farm's better financial strength, rate competitiveness, and recent business expansion make it the more attractive option for bundled insurance needs.
Farmers Insurance5
10State Farm
Choose Farmers Insurance if
Budget-conscious consumers seeking basic auto coverage and those preferring traditional agent relationships
Key Differences at a Glance
🔹
Homeowners Insurance Ranking: State Farm wins (No. 3 vs No. 8)
🔹
Bundle Discount (Auto + Home): State Farm wins (Up to 17% vs Up to 10%)
🔹
Auto Insurance Rating (2025): 4.4/5 vs 4.4/5
Key Facts & Figures
| Metric | Farmers Insurance | State Farm | Diff |
|---|---|---|---|
| Customer Base(millions) | 18M+ | 18M+ | — |
| 2026 Revenue Projection(billion USD) | $20B+ | $20B+ | — |
| Year Founded | 1922 | 1922 | — |
| Customer Dividend/Returns (2026)(billion USD) | $5B dividend | $5B dividend | — |
All figures sourced from publicly available data. Last updated May 2026.
Key Differences
Farmers Insurance
Attribute
State Farm
No. 8
Homeowners Insurance Ranking
No. 3🏆
Up to 10%
Bundle Discount (Auto + Home)
Up to 17%🏆
4.4/5
Auto Insurance Rating (2025)
4.4/5
Related Comparisons
S
G
State Farm vs Geico
insurance
S
A
State Farm vs Allstate
Insurance
L
S
Lemonade vs State Farm
products
i
S
iPhone 17 vs Samsung Galaxy S26
technology
P
X
PS5 vs Xbox Series X
technology
M
W
Mac vs Windows
technology
A
S
Apple vs Samsung
brands
A
i
Android vs iOS
technology
N
A
Nike vs Adidas
brands
N
A
NVIDIA vs AMD
technology
C
P
Coca-Cola vs Pepsi
brands
S
A
Spotify vs Apple Music
technology
Related Articles
technology
Best Streaming Services in 2026: Top Picks for Every Budget & Interest
Navigating the crowded streaming landscape in 2026 can be overwhelming. We've tested and ranked the best streaming services that offer the most value, from Netflix's massive library to budget-friendly options like Tubi, helping you cut cable and find your perfect entertainment solution.
technology
Best Live TV Streaming Services & Plans for Spring 2026: Complete Buyer's Guide
Tired of overpaying for cable? Discover the best live TV streaming services and plans for Spring 2026, including YouTube TV's new genre-based packages starting at $55/month. Our comprehensive guide breaks down pricing, channels, and features to help you cut the cord.
Explore Entities
More Products
Last updated: April 25, 2026AI generated
