State Farm Insurance — Company Profile
What it is: the largest private-passenger auto insurer in the United States, sold primarily through local agents. State Farm Mutual Automobile Insurance Company was founded on June 7, 1922, by George J. Mecherle, and is headquartered in Bloomington, Illinois. As a mutual insurer, it is owned by its policyholders.
Verdict: Legit Our rating: Not yet rated — the evidence check is published (see the legit check); numeric scoring with visible inputs is in progress, and we do not publish a number without them.
State Farm is a real, licensed, century-old mutual insurer — the largest auto insurer in the country by premiums written (NAIC 2024). The practical question is fit: it sells through agents, so drivers who want a fully online, no-agent purchase may be better served elsewhere. Full verdict evidence: Is State Farm legit?
The evidence
- Identity & scale: founded June 7, 1922, in Bloomington, Illinois; parent company State Farm Mutual Automobile Insurance Company; approximately 19,000 agents nationwide; official site statefarm.com.
- Market position: largest U.S. private-passenger auto insurer — $67.7B in direct premiums written and 18.9% market share in NAIC’s 2024 data (via the Insurance Information Institute).
- Complaint pattern: NAIC complaint index for auto insurance of 0.79 — below the 1.00 benchmark, meaning fewer complaints than expected for a company of its size (compiled by CarInsurance.com, August 2026).
- Financial strength: AM Best has affirmed an A++ (Superior) Financial Strength Rating for State Farm Mutual Automobile Insurance Company. Ratings can change — check AM Best for the current rating before relying on it.
- Pricing: prices are individualised; in Insurance.com’s Arizona study, State Farm’s average full-coverage premium in Arizona was $2,883/yr — above that study’s state average, and a reminder that the biggest insurer is not automatically the cheapest for a given driver.
Where to check next
There are no live quote offers for State Farm on this site yet, so the honest next step is comparison, not a checkout button:
| Alternative | Best for | See |
|---|---|---|
| All major insurers, side by side | Comparing sales models and fit | Best auto insurance comparison |
| Your own overpay estimate | Deciding whether to switch at all | Take the 60-second quiz |
| Arizona drivers | State minimums and Arizona averages | Cheap car insurance in Arizona |
Reader reviews
No verified reviews yet. This profile is new, and we will not dress it up with placeholder praise. When reviews arrive, each one is moderated by a human, labelled verified only when we can verify the reviewer, and published whether it is positive or negative.
Review State Farm
State Farm questions
Is State Farm a mutual or a stock company?
State Farm's parent, State Farm Mutual Automobile Insurance Company, is a mutual insurer — it is owned by its policyholders rather than by stock-market shareholders.
How do I buy State Farm insurance?
Quotes can start on statefarm.com, and policies are typically completed through one of its roughly 19,000 local agents. If you prefer to buy entirely online with no agent, a direct insurer may fit better — see our comparison page.
Why does this profile say “Not yet rated”?
We publish a numeric score only with the inputs behind it visible on the page. State Farm's evidence check (on our Is It Legit page) is complete; its full numeric scoring is in progress, so the honest label is “Not yet rated” rather than an invented number.
Is this your business?
State Farm representatives can claim this profile to respond to reviews and correct factual errors. Claiming is free; it never changes a verdict, a score, or a review. How claiming works
Sources (checked October 2026): State Farm company history (founded June 7, 1922, by George J. Mecherle; Bloomington, Illinois; mutual parent). NAIC 2024 market share via Insurance Information Institute / EBSCO research starters ($67.7B direct premiums written, 18.9% share). NAIC complaint index 0.79 compiled by CarInsurance.com (Aug 2026). AM Best news release affirming A++ (Superior) FSR for State Farm Mutual Automobile Insurance Company (news.ambest.com). Insurance.com Arizona study (State Farm AZ full-coverage average $2,883/yr).