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State Farm vs. Farmers Home Insurance

State Farm and Farmers are two of the top insurance providers in the country. Read about how the two home insurance companies stack up against one another by reading our provider comparison.

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You can protect your home, your personal belongings, and your bank account with a home insurance policy from State Farm or Farmers. To see what coverage, cost, availability, and customer service look like from both companies, read our State Farm vs. Farmers home insurance review.

State Farm and Farmers both offer comprehensive home insurance nationwide, but they differ in terms of customer service quality as well as the amount of coverage they offer for dwelling, other structures, personal property, liability, medical payments to others, and additional living expenses.

If you'd like to learn more about each company and what makes them stand out, from discounts to endorsements and pricing, read our State Farm vs. Farmers home insurance comparison and determine which company is better for your needs. To get free quotes from these two companies as well as others in your area, call 855-948-5219 or enter your zip code in the tool below:

Company Comparison

Provider State Farm Farmers
Provider State Farm Farmers
Other structures coverage limits* 10% of dwelling 5-200% of dwelling
Personal property coverage limits* 50% of dwelling 40-200% of dwelling
Monthly price** $122 $290.50
Discounts available 3 6
Unique add-ons Energy efficiency upgrade, service line Eco-rebuild
Customer service Hours vary by department Hours vary by department
BBB rating A+ A+

*State Farm coverage information according to The Zebra

**Based on sample quotes our team received

Coverage Comparison

State Farm and Farmers each include all of the industry-standard coverage types: dwelling, other structures, personal property, medical payments to others, liability, and loss of use. They also offer several different endorsement, or additional coverage, options.

Farmers offers some perks that State Farm doesn’t, including a declining deductible, where you earn $50 toward your deductible each year your policy is in force. Other benefits include cosmetic damage coverage and claim forgiveness.

State Farm Coverage

State Farm works by calculating the rebuilding cost of your home and using that number for dwelling coverage and a percentage of that number for personal property, other structures, and loss of use coverage.

State Farm Coverage Amounts

Type of Coverage Coverage Options
Type of Coverage Coverage Options
Other structures 10% of dwelling
Personal property 50% of dwelling
Loss of use 20% of dwelling

Note: These figures are based on a sample quote our team received from State Farm. To compare your coverage options and determine your liability, medical payments to others, and deductible amounts, contact your local State Farm agent.

You can customize your State Farm coverage to make it more comprehensive by adding the following endorsements:

  • Personal injury
  • Full replacement cost
  • Service line
  • Water backup and sump pump overflow
  • Energy efficiency upgrade
  • Earthquake
  • Off-premises structures
  • Home systems protection
  • Cyber event, identity restoration, and fraud loss
  • Adult day care
  • Depreciated loss

Farmers Coverage

Farmers uses the rebuilding cost of your home to determine the cost of dwelling, other structures, loss of use, and personal property coverage.

Farmers Coverage Amounts

Type of Coverage Coverage Options
Type of Coverage Coverage Options
Other structures 5-200% of dwelling
Personal property 40-200% of dwelling
Loss of use 10%, 20%, or 30% of dwelling

Note: These figures are based on a sample quote our team received from Farmers. To compare your coverage options and determine your liability, medical payments to others, and deductible amounts, contact your local Farmers agent.

Farmers endorsement options include:

  • Eco-rebuild
  • Personal articles floater
  • Identity Shield
  • Contents replacement cost

Cost Comparison

As of 2017, the national average for homeowners insurance was roughly $101 per month, according to the Insurance Information Institute. However, your individual insurance premiums will depend on a variety of factors, including the insurance provider, your personal information, the characteristics of your home, and where you live.

We requested quotes from State Farm and Farmers to gauge how these companies compared to the industry average.

State Farm Cost

After the rebuilding cost of the home used during the quote process was determined as $250,000, State Farm used a percentage of that total for other structures, personal property, and loss of use coverage. We selected $300,000 for liability and $1,000 for medical payments and deductibles, as that is what a standard homeowners insurance policy comes with.

State Farm Cost Breakdown*

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $250,000
Other structures $25,000
Personal property $125,000
Loss of use $50,000
Liability $300,000
Medical payments to others $1,000 per person
Deductible $1,000
Monthly cost $122

*Quote and pricing information according to The Zebra

State Farm offers three different discounts to help lower your monthly premiums:

  • Roofing
  • Home alert protection
  • Multiple line

Farmers Cost

Farmers calculates the coverage amounts the same way that State Farm does, using the rebuilding cost of the home to decide dwelling, other structures, personal property, and loss of use coverage.

Farmers Cost Breakdown

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $489,000
Other structures $48,900
Personal property $268,950
Loss of use $97,800
Liability $300,000
Medical payments to others $1,000 per person
Replacement cost Yes
Deductible $1,000 for all other perils, 1% of dwelling for hurricane/wind/hail
Monthly Cost $290.50

Farmers provides the following discounts to help you save money:

  • Claims-free
  • Non-smoking
  • Multi-policy
  • Protective devices
  • New home
  • Roofing materials

To receive an instant quote from Farmers, click here, or use the tool below. If Farmers doesn’t offer coverage in your neighborhood, they’ll match you with the next best provider.

Our Conclusion

After reviewing State Farm and Farmers, the This Old House Reviews Team believes that State Farm is better for affordable coverage and Farmers is better for unique perks.

State Farm offers robust coverage and affordable policies at just $122 per month and many endorsements to help you customize your coverage. Unfortunately, you cannot receive a quote via an online tool; you have to speak with a local agent to receive a full quote.

Farmers is much more expensive, at $290.90 per month. However, you can receive a quote online, and the insurer offers several perks, like including cosmetic damage in its underlying policy, a declining deductible, and claim forgiveness.

Before you choose a home insurance provider, we recommend calling 855-948-5219 using the zip code tool below to receive insurance quotes from both companies and determine which one is best for your home protection needs:

Frequently Asked Questions

Are you required to have homeowners insurance?

No, most states do not require that you purchase homeowners insurance. However, if you want to get a mortgage, many lending institutions will require you to purchase some level of homeowners insurance.

Do Farmers and State Farm cover roof leaks?

It depends on whether the leaks are caused by a covered peril, like hail, lightning, or wind. If the leak is a result of poor maintenance, it most likely will not be covered.

Do State Farm and Farmers offer bundling discounts?

Yes, both insurance providers offer discounts if you bundle multiple policies.

Are State Farm and Farmers available in all 50 states?

Yes, both companies have local agents nationwide.

Which is cheaper, State Farm or Farmers?

It will ultimately depend on your individual home, but according to our sample quotes, State Farm is cheaper in general.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.