Does Statefarm Have An Investment Option

Does statefarm have an investment option

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners.

Does statefarm have an investment option

However, this doesn’t influence our evaluations. Our opinions are our own.


NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates.Lacie Glover

State Farm insurance reviews and ratings

  • The largest personal auto insurer in the country.
  • Had fewer than the median number of complaints to state regulators in 2019 relative to its size for auto, home and life insurance.
  • Offers rideshare insurance in most states.

Get a Quote

State Farm is the nation’s largest private passenger auto insurer, but it offers a wide variety of other insurance and financial products, sold exclusively by State Farm agents.

Does statefarm have an investment option

If you’re looking for a well-known brand name with a generous selection of products and consumer-friendly pricing, State Farm might be right for you.

State Farm auto insurance

State Farm auto insurance earned 4.5 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account pricing and discounts, ease of filing a claim, website transparency, financial strength, complaint data from the National Association of Insurance Commissioners and more.

Based on these ratings, State Farm ranks 9th in our list of the 20 best car insurance companies for 2020.

State Farm’s rental car and travel expenses coverage is superior to its competition’s.

State Farm homeowners insurance

Not only does State Farm auto insurance pay for a rental car if yours is in the shop due to a covered collision, but it also pays for meals, lodging and transportation if you’re stranded more than 50 miles from home.

Coverage limits apply and vary by state and you need to have comprehensive or collision coverage to opt in.

Drive Safe & Save: This usage-based program calculates discounts based on your mileage and “safe driving” measurements such as smooth acceleration and braking.

It also considers risk factors such as speed and time of day. You’ll get up to a 50% discount once State Farm has analyzed your driving behavior.

Broker forex con piu clienti

Availability and discounts may vary.

The Steer Clear Driver Program is a driver training refresher course available online, through an agent or via mobile app. State Farm offers savings for drivers under 25 who complete the course and have had no at-fault accidents or moving violations within the past three years.

Rideshare insurance: If you drive for a company such as Uber or Lyft, this option allows you to have one policy that covers both personal and ridesharing use.

Is Universal Life Insurance A Good Idea?

This option is not available in all states.

» MORE:Compare car insurance rates

State Farm’s auto insurance discounts:

  • Accident-free discount.
  • Discount for taking a driver safety course.
  • Student away at school discount.
  • Good driving discount.
  • Discount if all operators of your vehicle under 21 complete an approved driver education course.
  • Good student discount.
  • Vehicle safety discount.
  • Passive restraint discount.
  • Discount for having an anti-theft device.
  • Multiple auto discount.
  • Multiple line discount.

State Farm homeowners insurance

State Farm’s homeowners insurance claims network is available 24 hours a day, online or by phone.

The Premier Service Program puts you in touch with qualified contractors who can remove water or make flooring repairs included in your policy.

The service providers guarantee their work for up to five years.

Tecnica de interes compuesto forex

Premier Service is not available everywhere.

State Farm’s home insurance discounts:

  • Multiple line discount.
  • Home alert protection discount.
  • A discount if you use certain impact-resistant roofing products.

State Farm life insurance

Select Term Life Insurance: Policies are available for 10, 20 or 30 years, depending on your age, renewable up to age 95.

Coverage amounts start at $100,000.

Instant Answer Term Life: $50,000 of life insurance is available for people ages 16 to 45, lasting until age 50 or 10 years after the policy is issued, whichever is later.

State Farm doesn’t require a medical exam, but you’ll have to fill out a health questionnaire, and your answers may disqualify you.

Return of Premium Term Life is available for either 20- or 30-year terms with level premiums, though you can renew for longer at increased rates. Coverage starts at $100,000, and if you pay premiums faithfully and outlive your term, you’ll get your money back.

State Farm also offers whole life, universal life and variable universal life, which are varieties of permanent life insurance.

State Farm complaints and customer satisfaction

State Farm had fewer than the median number of complaints to state regulators relative to its size for life and home insurance, according to the National Association of Insurance Commissioners.

For auto insurance, it has close to the median number of complaints for its size.

Though State Farm often shows competitive rates for auto insurance in our analysis, its customer satisfaction ratings for purchasing auto insurance and property claims are mediocre.

More about State Farm

Website: State Farm’s website is intuitive, easy to navigate and loaded with useful information.

You can get a quote and buy a policy online, find a nearby agent or manage a claim.

Pocket Agent mobile app: State Farm’s customer app lets you view your insurance card and policy information, get a quote, submit a claim online and view a claim status.

Who are you saving for?

It even has an ATM locator.

State Farm also has mobile apps for two of its auto insurance programs: The Steer Clear program for drivers under 25 and the Drive Safe & Save program that tracks driving behavior.

Recap: State Farm pros and cons

Auto insurance ratings methodology

NerdWallet’s auto insurance ratings reward companies for customer-first features and practices.

Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, website transparency and affordability.

Does statefarm have an investment option

Using our editorial discretion, we also consider customer satisfaction surveys. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.

Methodology: Insurer complaints

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2016-2018.

State Farm auto insurance

To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry.

To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period.

Does statefarm have an investment option

Ratios are determined separately for auto, home and life insurance.


NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates.Lacie Glover

Get a Quote