Updated on: 11/7/2019
Who is State Farm?
Founded in 1922, State Farm provides auto insurance and more in the United States and Canada. It is the number one auto insurance in the U.S. It is reported that the company is worth more than $59 billion.
The company is well known for their slogan ‘Like a good neighbor, State Farm is there.’ State Farm employs more than 68,000 people and has 17,000 independent agents nationwide.
Pros
- Since it was founded in 1922, they are very well established.
- State Farm is considered the largest auto insurer in the United States
- According to Best Insurance Reports State Farm receives the highest company rating with ‘A++’
- Offices throughout the country
Cons
- They experienced allegations of discrimination
- History of leaving locations due to catastrophes or regulations
- Reputation for not paying for claims
- Policy increase notices
Who can you trust? Do you believe that ‘Like a good neighbor, State Farm is there’?
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