State Farm Homeowners Insurance Reviews

by

Are you in the market for homeowners insurance? With so many options out there, it can be tough to know where to start. In this article, we’ll take a deep dive into State Farm homeowners insurance and review what it has to offer.

Table Contents show

What is State Farm Homeowners Insurance?

State Farm is one of the largest insurance companies in the United States, offering a wide range of insurance products, including homeowners insurance. The company was founded in 1922 and today has over 58,000 employees and more than 19,000 independent agents.

State Farm homeowners insurance provides coverage for your home and personal belongings in case of damage or loss. It includes several types of coverage, such as:

Type of Coverage
Description
Dwelling Coverage
Covers the cost to repair or rebuild your home if it’s damaged or destroyed by a covered event, such as a fire.
Personal Property Coverage
Covers the cost to repair or replace your personal belongings, such as furniture and electronics, if they’re damaged or stolen.
Liability Coverage
Covers legal costs and damages if you’re found responsible for injuring someone or damaging their property.
Additional Living Expenses Coverage
Covers the cost of temporary housing and other living expenses if your home is uninhabitable due to a covered event.

State Farm Homeowners Insurance Coverage Options

State Farm homeowners insurance offers several coverage options to fit your unique needs:

Standard Coverage

State Farm’s standard homeowners insurance coverage includes:

  • Dwelling Coverage
  • Personal Property Coverage
  • Liability Coverage
  • Additional Living Expenses Coverage

This coverage is a good option for most homeowners who want comprehensive protection for their home and belongings.

Additional Coverage

State Farm also offers additional coverage options, including:

  • Identity Restoration Coverage
  • Flood Insurance
  • Earthquake Insurance
  • Jewelry and Valuable Items Insurance

State Farm Homeowners Insurance Reviews

Reviews for State Farm homeowners insurance are generally positive, with many customers praising the company’s customer service and claims handling. However, like any insurance company, there are also negative reviews, with some customers reporting issues with billing and coverage.

According to J.D. Power’s 2020 U.S. Home Insurance Satisfaction Study, State Farm ranks above average in overall customer satisfaction, with a score of 829 out of 1000. The company also ranks above average in all five study factors, including:

J.D. Power Study Factor
State Farm Score
Overall Satisfaction
829/1000
Policy Offerings
843/1000
Price
798/1000
Billing and Payment
834/1000
Interaction
830/1000

FAQ

What discounts does State Farm offer on homeowners insurance?

State Farm offers several discounts on homeowners insurance, including:

  • Multi-policy discount for bundling home and auto insurance
  • Home security system discount
  • Roofing discount for homes with impact-resistant roofing
  • Claim-free discount for homeowners with no recent insurance claims

How do I file a claim with State Farm?

You can file a claim with State Farm by:

  1. Calling the claims hotline at 1-800-STATE-FARM (1-800-782-8332)
  2. Going online to the State Farm claims center
  3. Getting in touch with your local State Farm agent

Does State Farm offer flood insurance?

Yes, State Farm offers flood insurance through the National Flood Insurance Program (NFIP). You can purchase flood insurance as a separate policy or as an endorsement to your homeowners insurance.

What is not covered by State Farm homeowners insurance?

State Farm homeowners insurance does not cover:

  • Damage caused by earthquakes, landslides, or mudslides
  • Damage caused by floods (unless you have purchased separate flood insurance)
  • Damage caused by intentional acts or criminal activity
  • Damage caused by normal wear and tear or lack of maintenance

Is State Farm homeowners insurance expensive?

The cost of State Farm homeowners insurance depends on several factors, including the location and age of your home, the amount of coverage you need, and your claims history. However, compared to other insurance companies, State Farm’s rates are generally competitive.

Conclusion

State Farm homeowners insurance is a good option for those looking for comprehensive coverage and top-rated customer service. While there are some negative reviews, State Farm ranks above average in overall customer satisfaction and offers several discounts and additional coverage options. If you’re in the market for homeowners insurance, State Farm is definitely worth considering.

Rekomendasi: