About State Farm Insurance

State Farm Insurance is a mutual insurance company based in Bloomington, Illinois, United States. It was founded in 1922 by George J. Mecherle, a retired farmer and insurance salesman. It started as a mutual automobile insurance company and later expanded to offer other types of insurance such as home, life, health, and banking services. State Farm is currently the largest provider of auto insurance in the United States, with over 83 million policies and accounts in force.

History of State Farm Insurance

The story of State Farm Insurance began in 1922 when George J. Mecherle, a retired farmer and insurance salesman, founded the company in Bloomington, Illinois. Mecherle noticed that farmers who owned automobiles were not getting the same rates as city drivers, so he decided to start an automobile insurance company that catered to rural drivers.

State Farm’s first policy was sold to a farmer in Wisconsin for $11.17. The company grew rapidly, and by 1930 it had opened its first office outside of Illinois in Canada. In 1935, State Farm entered the life insurance market, followed by the fire insurance market in 1955.

Over the years, State Farm has expanded its product offerings to include health insurance, banking services, and mutual funds. Today, State Farm is the largest provider of auto insurance in the United States and one of the largest insurers in the world.

State Farm’s Products and Services

State Farm offers a wide range of insurance products and services to meet the needs of its customers. Here are some of the products and services that State Farm provides:

State Farm also offers various types of business insurance, including general liability, property, and workers’ compensation insurance.

Auto Insurance

State Farm is known for being one of the biggest providers of auto insurance in the United States. It provides coverage for cars, motorcycles, boats, and even off-road vehicles. In addition to standard coverage options such as liability, collision, and comprehensive coverage, State Farm also offers optional coverages such as rental car coverage, emergency road service, and rideshare insurance.

State Farm’s Drive Safe and Save program is also a popular option for drivers who want to save money on their auto insurance premiums. This program uses a telematic device to monitor a driver’s driving habits and rewards safe drivers with lower premiums.

Homeowners Insurance

State Farm’s homeowners insurance provides coverage for damage to a home or personal belongings due to perils such as fire, theft, and natural disasters. In addition, it also covers liability for accidents that occur on the policyholder’s property. State Farm also offers optional coverages such as identity theft protection and equipment breakdown coverage.

Life Insurance

State Farm’s life insurance policies provide financial protection to a policyholder’s loved ones in the event of their death. It offers term life insurance, which provides coverage for a specific period of time, as well as permanent life insurance, which provides coverage for the policyholder’s entire life. State Farm also offers optional riders, such as accidental death and dismemberment coverage and child term riders.

Health Insurance

State Farm offers health insurance policies to individuals and families. It provides coverage for medical, hospital, and surgical expenses as well as prescription drugs. State Farm’s health insurance policies also cover preventive care and mental health services.

Banking Services

State Farm offers banking services to its customers, including savings accounts, checking accounts, and credit cards. State Farm also offers loans, such as auto loans and home mortgages.

FAQ

What is a mutual insurance company?

A mutual insurance company is owned by its policyholders instead of stockholders. Policyholders are entitled to vote on important company decisions and may receive a portion of the company’s profits in the form of dividends.

What is a telematic device?

A telematic device is a small electronic device that is installed in a vehicle to monitor the driver’s behavior. It collects data such as speed, acceleration, and braking patterns and uses this data to determine the driver’s level of risk.

What is State Farm’s Drive Safe and Save program?

State Farm’s Drive Safe and Save program is a telematics-based program that rewards safe drivers with lower auto insurance premiums. Drivers who participate in the program are given a small device that plugs into their vehicle and monitors their driving behavior. Safe drivers can earn discounts of up to 50% on their auto insurance premiums.

How do I file a claim with State Farm?

You can file a claim with State Farm online, by phone, or through the State Farm mobile app. To file a claim online, log in to your State Farm account and follow the prompts to provide information about the incident. To file a claim by phone, call State Farm’s claims department at 1-800-STATE-FARM (1-800-782-8332).

How do I contact State Farm?

You can contact State Farm by phone, email, or mail. To find the phone number for your local State Farm agent, visit the State Farm website and enter your zip code in the agent locator tool. You can also send an email to State Farm by filling out a contact form on the website. To contact State Farm by mail, send a letter to State Farm Insurance Companies, One State Farm Plaza, Bloomington, IL 61710.