State Farm Homeowners Insurance Review

Get a full grip of State Farm homeowners quote and its other benefits.

Does State Farm Offer Homeowners Insurance

State Farm is one of America's biggest insurance companies. Founded in 1922 by George J. Mecherle, State Farm offers property insurance, auto and vehicle insurance and other insurance plans. In 1999, State farm started offering banking services such as banking and mutual funds. State Farm got ranked 36th highest American revenue-generating company in the Fortune 500 (2019 list). It has its headquarters in Bloomington, Illinois, United States. Its coverage includes a network of 18 thousand agents, 343 claim offices and 30 operations centres. In 2018, State Farm recorded an astonishing US$81.732 billion in revenue. Its net income for that period was US$8.788 billion. The total assets value of State Farm is US$272.52 billion, and total equity is US$100.88 billion as of 2018. It employs a large number of employees. As of 2018, it had over 57 thousand employees. State Farm is reliant on its exclusive agents to sell its insurance for it. No other body or person can sell State Farm Insurance apart from its agents. State Farm homeowners insurance is one of its best insurance packages. State Farm homeowners insurance is the right protection you need for your home.
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State Farm Homeowners Insurance Review and Costs

State Farm has some attractive insurance covers for homeowners. As a homeowner, you need homeowners insurance coverage. Accidents occur when we least expect it and can cause you a fortune to replace or fix the problem caused by it. With homeowners insurance coverage, the homeowners' insurance service provider will replace the items under its coverage for you, leaving you with no extra cost spent. State Farm homeowners insurance review is typically favourable, with a lot of customers expressing their satisfaction with the service. State Farm homeowners insurance cost between $1500 to $3000 a year, and $125 to $250 a month. State Farm homeowners price is a bit higher than the national average and its competitors. According to the 2019 J.D. Power Study, State Farm ranks better than most for home insurance which is an excellent sign of its efficiency and quality. The cost of homeowners insurance varies from location to location and also as a result of factors such as the size of your home, the location and your creditworthiness. Visit their website to request a personalized cost based on your location.
State Farm Homeowners Insurance High-Level ReviewBy the Numbers
BBB rating for State Farm Homeowners InsuranceA
State Farm Renters Insurance JD Power Rating3/5
Avg. Cost for State Farm Homeowners Insurance Yearly$1,883.20
Avg. Cost for State Farm Homeowners Insurance Per Month$156.93

State Farm Howeowners Insurance Coverage

State Farm Homeowners Insurance is one of the best in the insurance market; it covers an impressive range of liabilities for homeowners. What does State Farm homeowners insurance cover? State Farm Homeowners Insurance covers personal property, dwelling and liability structure. In addition to this, all State Farm homeowners insurance policies cover temporary housing. If your home gets damaged, the insurance covers the cost of renting a place until the repairs to your apartment are complete. State Farm, like most homeowners insurance providers, do not cover damages caused by a flood. If you want to purchase flood coverage, you have to negotiate a different rate for it with your local state farm agent. State Farm covers damages caused by a fire outbreak. It also covers damage caused by vehicles, aircraft, explosion, vandalism, riot or civil commotion, lightning, smoke damage, volcanic eruption and windstorm or hail. State Farm insurance covers the home and other structures such as the garage, guest house, tool shed and pool house. It also covers damages to personal property such as furniture, clothing and appliances.
State Farm Homeowners Insurance like other homeowners, insurance does not typically cover flood damage. You can purchase flood coverage as a distinct insurance package separate from the homeowners' insurance coverage. Flood damage refers to damages arises from wave action, mudslide and rising water. State Farm homeowners insurance water damage relates to damage from water that occurs from water seeping through the walls and sewers or drains. In cases of water damage, State Farm home insurance does not cover for it. Do State Farm homeowners cover mold? Currently, State Farm excludes mold coverage from its homeowners' insurance coverage. Why? State farm, like many other homeowners insurance providers, have found out that there is a high number of claims activity for losses caused by mold. It also excludes damages caused by the nuclear hazard, war, intentional loss and neglect. Can you get separate coverage for mold protection? Contact the local State farms representative to request a quote. Mold and Flood damage are two major causes of damages to home structures. Insurance companies like State Farm are careful to include it in their homeowners' insurance cover because of how frequently claims request from it.

How Much is State Farm Homeowners Insurance Near You

The price of State Farm homeowners insurance is not static or fixed. It varies from place to place and condition to condition. It is why homeowners insurance providers ask you to supply your location and other requirements before they grant you a quote. The average cost of State Farm homeowners insurance is around $1500 annually. The cheapest state for State Farm homeowners insurance in Nebraska, Kansas and Virginia while the most expensive state for State Farm homeowners insurance in Florida.

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Get a State Farm Homeowners and Auto Insurance Discount

State Farm homeowners and auto insurance are fantastic insurance services that fit the needs of the average American. The homeowners' insurance covers your home against damages, and the auto insurance covers your vehicle from damages. Instead of paying the market price for both insurance packages, you can bundle auto and homeowners insurance with State Farm. When you combine two packages, you enjoy discounts as much as 17 per cent on the insurance plans. State Farm offers other amazing discounts for its other plans. The homeowners and auto insurance bundles are a great way to save money and comprehensively secure yourself from damages. State Farm homeowners insurance is one of the best in the insurance market. It saves you some money which you can spend on other things while still providing excellent insurance coverage for your home and cars. State Farm homeowners insurance offers you tremendous value. You can also enjoy discounts by taking proactive steps to protect your homes and vehicles. For example, by purchasing and installing a fire sprinkling system and a fire alarm, you get some discount. If you live near the local fire station or your location has a low risk of fire damage, you also enjoy coverage on it.

Costs of State Farm Homeowners Insurance Compared with Competitors

State Farm homeowners insurance cost an average of $1500 in the United States. In the homeowners' insurance market, it competes with Geico, Progressive, Allstate, Safeco and Travelers. In terms of price, State Farm is not the best. The best out of the five is Geico, with an impressive amount of around $1031. In some states like Virginia, Kansas and Nebraska, State farm offers homeowners insurance services close to the average cost of Geico. In terms of customer service, State Farm is the best. It has a quality and responsive customer service that is available 24/7 and performs satisfactorily in processing claims. According to J.D Power Customer Satisfaction Survey (2019) that calculates customers satisfaction, State Farm performed better than most homeowners insurance providers. Nerd Wallet editorial team gave it an excellent rating of 5 stars out of 5.

Reaching Out to State Farm Homeowners Insurance

State Farm homeowners insurance claim is not hard to file. You do not have to locate any of its physical branches to file your claims. From the comfort of your home, you can file your claims. On your bed or in a dull and long wait at the dentist, you can file your insurance claims with your mobile phones or laptops. Expect quick processing as its customers' support team is one of the best in the country. If you need to talk about it, the State Farm support team is open 24/7 for that purpose. The State Farm homeowners' insurance phone number is 800-SF-CLAIM (800-732-5246). You can submit the claim at any time, whether it is early in the morning or late at nights. State Farm agents will guide you through all the steps you need to take while filing your claims.
Cancel State Farm homeowners insurance is a pretty simple activity you can do within minutes. You can cancel your state farm homeowners insurance at any time. You can cancel at your will without having to explain why you are doing so. How to cancel State Farm homeowners insurance online? Unfortunately, you cannot cancel over the internet. State Farm homeowners insurance cancellation policy requires you to call customer service at 1 (800) 782-8332 or send a formal written notice or cancel in person at a State Farm office. Cancel Start Farm homeowners insurance can be done immediately or set to take effect at a later date.

Deciding on Whether State Farm is Right for Your Home

State Farm is arguably one of the most affordable homeowners insurance companies in America. It also boasts of having one of the best customer services that attend to claims and inquire of customers. Since its inception in 1922, it has put lasting smiles on the lips of Americans. The average cost of State Farm homeowners insurance is about $1500 per annum; it can be as low as $1000 depending on the state. The cheapest states for State Farm homeowners insurance in Virginia and Nebraska. Different factors affect the cost, such as your residence and the risk factors associated. You can get State Farm homeowners insurance quote online via its website, through local agents or its customer care services. State Farm Homeowners Insurance covers personal property, dwelling and liability structure.