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Farmers Insurance Group History and Background
Farmers Life Insurance Group was established in 1910. But in 1910 Farmers Life Insurance was named New World Life. Also, Farmers Insurance Group was a owned subsidiary of B.A.T. Industries. This was so until a merger occurred between B.A.T. Industries and Zurich Insurance in 1998.
Farmers Life Insurance group was the fifth largest casualty and property insurer in the United States around 1997. This major insurance company is located and headquartered in Los Angele’s, California and also runs operations in thirty other U.S. states.
Farmer’s insurance group is also equipped with an elaborate distribution network of containing and employing over six-teen-thousand employees. The Farmers Group is a reciprocal insurer company. They are also an industry leader in life, truck, fire, and auto insurance, including some other customer services.
State Farm Insurance Group History and Background
State Farm Insurance Group has been one of the most popular insurance companies around. It just so happens to be one largest financial institution today. State Farm Insurance Group was first established in 1922. The founder of State Farm was George Mecherle and he was actually a former insurance salesman.
This insurance company has come along way from its small beginnings. State Farm started out as a small auto insurance company that catered to agricultural and farming communities. Today, State Farm is the largest insurer of houses in the United States.
It has been claimed that State Farm insures more vehicles than any other insurance company in the United States. State Farm controls a workforce of 17,000 agents and also 68,000 employees in Canada and in the United States. The insurance group also services over 75 million policies.
State Farm Details
When it comes to auto insurance discounts, State Farm brings more to the table than Farmers. For instance, this is what auto insurance discounts State Farm has to offer:
- Steer Clear Safe Driver Discount
- Driver Training
- Good Student Discount
- Good Driving Discount
- Defensive Driving Discount
- Anti Theft Device Discount
- Accident Free Discount
- New Vehicle Safety Discount
- Multiple Vehicle Discount
This is what Farmers auto insurance discounts are:
- Occupational Groups (Fire fighters, Police, Teachers, Dentists, RN’s, and Doctors)
- Retired Professionals
- Homeowners
- New Parents
- Alternative Fuel Vehicles (Hybrids)
- Air Bags
I don’t know about you but it is very plain to see that State Farm gives more auto discounts than Farmers. Farmers Insurance Group may offer some discounts that State Farm doesn’t, but State Farm makes up for it with a greater selection of discounts to benefit from.
Farmers Details
When it comes to homeowners insurance coverage, State Farm just does not offer as much coverage when it comes down to insuring other home aspects. For example, State Farm only offers: Boat, Motorcycle, Condominium, and Rental Property. Look how much Farmers have to offer: Boat, ATV, Motor home, Travel Trailer, Mobil home, Rental Property, Condominiums, and motorcycle.
Farmers or State Farm?
The best and wisest thing to do when choosing an insurance company is to diligently research every available company. You should try to get at least five different quotes.
