Geico and Progressive are better than State Farm, based on factors like average premiums, number of discounts available, and customer service record. Geico is also one of four top-10 car insurance companies that are cheaper on average than State Farm, along with Travelers and USAA.
State Farm vs. Popular Alternatives
| Average Premium | WalletHub Editor Rating | |
| $1,032 per year | 4.1 | |
| $796 per year | 4.4 | |
| $807 per year | 3.5 | |
| $1,033 per year | 3.9 | |
| $1,262 per year | 2.9 |
Note: Average premiums are based on drivers in California with minimum coverage. Actual rates will vary.
State-Farm Pros & Cons
Pros
Cons
For more information about how State Farm compares to its competitors, check out WalletHub's full State Farm review.
This answer was first published on 09/19/23 and it was last updated on 03/27/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
Cons
For more information about how State Farm compares to its competitors, check out WalletHub's full State Farm review.
People also ask
How do I cancel State Farm insurance?
To cancel State Farm insurance, the policyholder must call 800-STATEFARM, mail a cancellation letter, or cancel at a local State Farm office. You will need to provide basic information about yourself, your State Farm policy number, and the date you would like your policy to end. State Farm may also ask for the details of your new car insurance policy to verify you won't be driving without insurance.
How to Cancel State Farm Insurance Policies
- Cancel by...
How can I get cheaper car insurance?
The best way to get cheaper car insurance is to compare quotes from multiple companies and then switch to whichever insurer offers the coverage you want at the cheapest rate. Other ways to get cheaper car insurance include taking advantage of discounts, improving your driving record, and raising your credit score.
10 Ways to Get Cheaper Car Insurance
1. Compare quotes every 6-12 months.
Every car insurance company calculates premiums slightly differently,...
Why is State Farm so cheap?
State Farm is so cheap because the company has more customers than any other provider, and their large market share allows them to keep their prices competitive. A minimum coverage policy from State Farm costs an average of $86 per month, and State Farm premiums can be made even cheaper by taking advantage of discounts such as passive restraint discount and anti-theft discount. Plus, State Farm rewards customer loyalty with discounts for insuring more than...
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