State Farm Auto Insurance Information

State Farm Insurance is actually a group of companies which operate under the umbrella of State Farm Mutual, and their main business focus is State Farm Mutual Automobile Insurance. The company is listed as number 34 on the Fortune 500 listing of top-revenue-grossing American businesses, with total revenue of almost $105 billion in 2010. With more than 68,000 employees and business in 46 states, the District of Columbia, and Canada, State Farm is one of the largest auto insurers in the United States and is the largest property and casualty mutual company in the nation.

State Farm History

State Farm was founded in 1922 by George Mecherle, a retired farmer from Illinois. He decided to make the company a mutual one, which means it is owned by policy holders, paying dividends yearly. Although it was begun primarily as an auto insurer for farmers (who frequently had problems obtaining insurance during and after the Great Depression), it began offering other types of coverage within a few years. Now, State Farm is headquartered in Bloomington, Illinois, and has written more than 77 million insurance policies since its inception, more than 40 million of which were auto insurance.

State Farm Auto Insurance Products

In accordance with national and state laws, State Farm offers basic liability coverage to its auto insurance customers that include bodily injury and property damage liability, which also covers legal expenses and court costs in event of a claim in court. Beyond liability, customers can add on additional coverage, such as medical payment, uninsured and underinsured motorist, comprehensive and collision, and personal injury protection. Rental vehicle coverage and roadside assistance add-ons are also available.

Discounts and Special Programs

There are several discount programs for State Farm customers. Those who own more than one vehicle or have more than one State Farm insurance policy (of any kind) are eligible for bulk discounts; those who have passed defensive and safe driving classes and have maintained good driving records or owned policies for more than 3 years qualify for other discounts. New cars and those with anti-theft and advanced safety features, such as three-point seat restraints and car alarm systems, also receive lower premium rates.

Claims and Reviews

State Farm has claims service via phone, walk- or drive-in, or online, so service is available 24/7/365. Since State Farm insures approximately 1 out of every 9 vehicles in the U.S., they have a large volume of claims to process yearly. Customers should keep copies of all payments made and documents received from State Farm over the course of their policy, as well as any relevant claims data, as this information will be necessary for proper claims processing. User reviews were positive and negative, with the average rating for customer and claims service being mediocre.

State Farm insurance is one of the oldest and largest insurance companies in the country, and has every kind of automobile and transportation insurance. Their prices and claims servicing are rated as average. Those considering state Farm auto insurance should get quotes from several companies in their area to ascertain the best choice, and should take advantage of the discounts and services State Farm offers its customs.

This content was created by http://BestCheapAutoInsurance.com

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