State Farm was founded in 1922 by an ex-farmer and insurance salesman. It is one of the largest U.S. homeowners insurance companies. State Farm offers homeowners insurance as well as life and umbrella insurance through an extensive network of over 19,000 agents.
It’s for everyone: State Farm homeowners insurance is a great choice for people who want to build a personal relationship and feel more comfortable purchasing insurance from a well-established company.
State Farm homeowners insurance received 4.5 stars from 5 overall for performance. Our editorial team determines NerdWallet’s ratings. The scoring formula considers coverage and discounts, ease of filing claims, website transparency, financial strength and complaint data from National Association of Insurance Commissioners.
State Farm also offers homeowners policies with additional coverage.
The “increased living limit” is one of these options. It’s free and automatically increases your replacement cost coverage by 20%, provided you have at least the estimated replacement cost for your home.
State Farm estimates that rebuilding your home will cost $200,000, so the amount of dwelling coverage you have selected is based on that estimate. State Farm will pay 20% more to rebuild your home if there is a natural disaster in your area. This amounts to $240,000.
Additional coverage options are available at an additional cost, including:
- Protection for back-up of drains and sewers.
- Cyber attacks and identity fraud coverage.
- Earthquake coverage.
- For those who provide in-home care for children or adults, and for certain occupations like nursing, liability coverage is available.
- Protection for structures outside your home
- For homes rented for more than 30 nights per year, coverage is available.
- Liability coverage for slander, libel and other personal injury claims
- Coverage for underground utility lines damaged by flooding.
- You can get coverage to replace your damaged heating, air conditioner, or water heater with a more efficient model.
- If your home is vacant for more than 30 consecutive days, you will be covered for theft, vandalism, and broken glass.
- Insurance to cover the cost of compliance with building codes and zoning laws.
- There are many coverage options available while a home is being built, including liability for temporary homes and theft of building materials.
- Protection for home systems like furnaces and air conditioners that fail.
- For those who do certain types of work from home, incidental business coverage is available.
- You will be covered for the loss that affects you and your association members.
- Waterbeds can cause property damage and liability coverage.
Be sure to carefully read these coverage options before you make any decisions. Ask your agent for clarifications.
State Farm home insurance rates
NerdWallet compared State Farm’s average annual homeowners insurance rates to those of four major US competitors. State Farm was the most affordable option in our mini-analysis, with an average annual rate $1,325 — over $250 less than the national average $1,585 per.
State Farm home insurance discounts
State Farm homeowners discounts can vary from one state to the next, but could include the following:
- Multiple line discount.
- Discount on home monitoring systems like burglar alarms or smoke alarms for protecting devices
- If your roof is made from certain impact-resistant materials, you can get a discount
State Farm consumer complaints
According to data from the National Association of Insurance Commissioners, State Farm received fewer complaints than expected to state regulators for its home insurance coverage. This is based on three years of data.
State Farm Home Insurance Consumer Experience
Website: State Farm’s website makes it easy to obtain a quote and file a claim online. Online tracking of your State Farm homeowners claim is also possible. If you want to speak with someone, the company’s “find a agent” tool can be used.
It is possible to access certain tasks quickly without having to log into with a password, such as paying your bill or enrolling in autopay.
The State Farm website has a lot of information that homeowners will find useful, but it can sometimes take some scrolling to find. For more in-depth information, keep an eye on the Simple Insights section.
App: You can view your policy information, file claims, and make payments using the State Farm mobile app. You can also access the State Farm app if you use their investing or banking services.
Guide to buying homeowner’s insurance
Before you begin comparing quotes, determine how much coverage you require for your home. Do you need additional insurance to cover things like identity theft and sewer backups? Make sure you check to see if the company you are considering offers the options that you require.
Take a look at your personal property to ensure that you have enough coverage. What would it cost to replace them? All furniture, electronics, and household items should be included. This is the minimum amount you need for personal property insurance.
Compare rates from different insurers to ensure they offer the same deductibles and limits. While it might be tempting to pick the cheapest policy, you should also consider how many complaints each insurer has. If you have to file a claim, poor customer service can make a big difference in your experience.
You can get home insurance quotes online, over the phone or through an agent.
FAQs for State Farm Home Insurance
State Farm offers insurance for pit bull owners
State Farm doesn’t have any restrictions about the breeds of dogs it will cover. It instead examines each dog’s bite history in order to determine coverage. Learn more about dog bites and homeowners insurance.
Does State Farm insure mobile homes?
Yes, State Farm provides manufactured home insurance. It covers your personal liability, the structure of your home, and your belongings. To learn more about your options, see NerdWallet’s guide to mobile home insurance.
What are the other types of insurance State Farm offers?
State Farm offers a variety of policies including auto, umbrella, life and renters insurance. State Farm also offers checking and saving accounts, Roth individual retirement accounts, credit card, home loans, annuities, and traditional and Roth individual retirement accounts. Read NerdWallet’s State Farm auto insurance review.
Is mold covered by State Farm’s home insurance?
State Farm homeowners policies typically do not cover mold damage, except for those states that require some coverage. For more information, consult an agent.
