For your car insurance, State Farm is an excellent company to consider. They are well established and have an A.M. Best rating of “A++”, which is the highest financial rating an insurance company can have from the rating provider.
In addition, State Farm offers a variety of services, has excellent customer service ratings, can provide you with insurance for both your personal and business use, and is available in every state in the United States. Many people who choose State Farm for their insurance needs become lifelong customers because of all of the great things that State Farm has to offer.
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Despite all of the benefits of choosing State Farm, it isn’t a company for everyone. It can be more expensive than many other services. In addition, after the hurricanes in Florida several years ago, the company took both financial and public sentiment damage when it didn’t have enough money to cover the costs. It took several years for the company to recover from both.
Does State Farm offer more than just car insurance?
Yes, State Farm offers much more than just car insurance. In fact, it offers:
- Community Organization Insurance
- Life Insurance
- Annuities
- Boat Insurance
- Health Insurance
- Renters Insurance
- Condo Owners Insurance
- Disability Insurance
- Farm and Ranch Insurance
- Homeowners Insurance
- Long-Term Care Insurance
- Motorcycle Insurance
- Business Insurance
- Personal Insurance
- Flood Insurance
- Volcano Damage Insurance
Despite the fact that State Farm offers all of these insurance options, it started out as strictly an auto insurance company for farm owners in 1922. In 1942, State Farm was ranked the Number One auto insurance company in the United States and it has continued to be ranked so ever since.
This is actually a great benefit to choosing State Farm. It has established that it cares about its customers and, as a premier car insurance company, it tries to provide a quick turnaround for claims. Sometimes State Farm pays claims as quickly as 24 hours after an accident.
What’s more, when you combine multiple policies, you can qualify for a discount, usually about 10% to 25% off of each additional policy, depending upon the type of policies you choose. For example, you largest savings will be by having both an auto insurance policy and a homeowners insurance policy with the company.
Has State Farm received any awards?
Yes, State Farm has received many awards from several sources. The company breaks down its awards into three categories:
- Employer Recognition
- Community Work Recognition
- Environmental Awards
For Employer Recognition, State Farm has received accolades from many different sources. In 2011 alone, it was voted:
- 40 Best Companies for Diversity by the Black Enterprise (http://www.blackenterprise.com/)
- Best Company for Multicultural Woman by Working Mother Magazine (http://www.workingmother.com/)
- Best Employer for Healthy Lifestyles by the National Business Group on Health (http://www.businessgrouphealth.org/)
- Corporate Impact: Award of Excellence by the American Cancer Society (http://www.cancer.org/)
- Most Admired Company by FORTUNE Magazine (http://money.cnn.com/magazines/fortune/)
- Top Company for Executive Women by the National Association of Female Executives (http://www.nafe.com/)
- Top 100 Most Military Friendly Employer by GI Jobs Magazine (http://www.gijobs.com/)
State Farm has not yet earned any awards for 2011 in its Community Work Recognition or Environmental Awards categories. However, it has several awards from 2010 and prior years as well.
Should you choose State Farm over other insurance companies?
State Farm will be an excellent choice for anyone looking for insurance. However, there are other things that you will want to consider before you make your final decision. For example, State Farm is not the only car insurance company that has national recognition. In addition, it isn’t the only company that offers many different types of policies.
Because there are multiple companies with great reputations and many valuable services, you do also need to consider the cost of buying your insurance from each company. While State Farm does offer many wonderful benefits, it isn’t the most affordable option for every driver, especially when it comes to inexperienced drivers and drivers with a bumpy driving record.
It is always in your best interest to compare the car insurance premiums between multiple reputable companies to ensure that you are getting the best price. However, you do want to also ensure that you are making a just comparison. Some insurance companies don’t include all of the additional benefits that you get with State Farm and you need to understand which benefits are worth letting go of and which are not.
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