State Farm Insurance, Company Review - Why they have been #1 since 1942

State Farm has the largest market share of insurance across the United States. They've grown to over 16% market share, but why?

In this video I will look at them from a consumer perspective to answer whether or not you should consider State Farm your next insurance company.

#statefarm #statefarminsurance #statefarmreview

Best alternative: Shop multiple companies at once.

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DISCLAIMER:
Please consult your agent before making any changes you feel you are not knowledgeable with. Due that the laws being different in each state, I am not responsible for any changes or updates that may have occurred after the making of this video.

This video and description contain affiliate links, which means that if you click on one of the product links, I will receive a small commission. This helps support the channel and allows me to continue to make videos like this. Thank you for the support! Car insurance advice, car insurance, auto insurance, home insurance, homeowner’s insurance

[PrettyPoison]

I’ve got to get my own car insurance for the first time in my life this month. Thanks for posting something recent and relevant.

[ryandame]

We have SF just for the agent. Everytime we need to make a claim we call our agent directly who even makes contact with us after hours. I could get way better rates somewhere else but I can’t get another agent like mine.

[maxwilliamsen]

About to interview for an independent agent and this helped me so much to research the company.

[edwarddonohue]

Sometimes as much as once a month my clients who are insured by State Farm are forced to contact a lawyer, our state department of banking and insurance, or beg their local agent to step in and intervene when State Farm's claims departments won't negotiate within the constraints of fair practices as outlined by the law, sidestep their own policy language, and try to screw over their insureds. Maybe a "good" company when you aren't using them, TERRIBLE when it comes time to pay the bill. How else are they Fortune's 36th ranked company in the US? By KEEPING your money when it comes time for them to pay it. Don't trust this company.

[savannahsmiles]

All the jury duty cases I have been FORCED to serve on were State Farm, claims that SHOULD have been PAID. Instead they hassled their clients and refused to honor their contract. WORST company ever for standing up for their people. YES, I am an insurance producer and I have SEEN these policies they write and tell people GET someone qualified to get you the RIGHT coverage for YOU, not to get them

[_JEBUS]

I've had state farm for over 15 years. Have over 6 vehicles insured but recently they decided to remove our roadside assistance feature for "excessive use". Yeah we are going with another insurance. Plus they fight you to pay for anything.

[davidd]

you are so good and keep your work going

[bjn]

I work in the reconstruction industry (fire and water damage) and I recommend people avoid State Farm. I’ve spoken to many homeowners who have felt cheated by them. Imagine being an 80 year old widow who has been faithfully paying premiums for years and you have a fire and your insurance company is requiring you to walk through the rubble of your destroyed possessions in order to put together an inventory list for them. This is the kind of nonsense State Farm does to save a buck. Some agents do actually care for their clients and they will find a workaround to pay someone to put together an inventory report but in my opinion the fact that the company refuses to pay for total loss inventory regardless of circumstance and the ability of the homeowner shows that it isn’t a very good company.

[gloriasolorzano_official]

Have you a video regarding Statefarm TERM vs PERMANENT life insurance policies? My mother purchased term for me adult, and 10 & 15 limited pay (permanent) life insurance, trusting an agent and well, I’m considering cancelling because I saw a video saying how permanent is not a good investment at all. We are 5 years in and we’ll, I need education. Have any links?

[bobkuuo]

Excellent video and interesting video.

[wingchiut.nggines]

I chose state farm because I received a multi policy discount when I bundles my home and auto. Aside from that, my agent is always fast in answering doubts about current policy and other coverages I have needed to conaidered

[jesuspectre]

Received an email saying my state farm insurance bill is due. Clicked on the link, logged in, no invoice available. Download the app, logged in, no invoice available. What a waste of time my God, Deloitte. Get your act together.

[txpatriot]

I just switched from Allstate because the price was better and the folks supporting me at State Farm where pleasant to deal with.

[saucinlutherking]

The reason people complain about claims so much is that they DO NOT read their policies, especially in the homeowners department.. 60% of people are terrible homeowners and do not regularly maintain the home and let it fall apart and try to stick the insurance company with the bill.. insurance is for sudden and accidental damage not things that have been going on with the home

[bobbg]

All good untill they screw you on a claim.
Never agine.

[yartriesthis]

What are good auto insurance companies if you are not in the miltary?

[jlk]

I’ll go with Allstate any day over StateFarm. I’ve had nothing but terrible experiences with SateFarm Agents claiming to be your local insurance agent and selling on that to push you off on their new hired staff any time you call back with questions. So they get you through the door then turn around and push on other sales associates who have hardly any knowledge of what they are doing. To have those associates send you to their call center to endure terrible wait times. Once you reach someone from the call center they too do not know what they are doing half the time and you get sent through multiple calls. I’ve been lied to about what my premiums will be when first purchasing the policy to have the Agent tell me they don’t have control over the premium. I understand premiums change over time but not when you get quoted a rate and you pay that rate to later get a bill stating you still owe money or your policy will be canceled. Ridiculous. Allstate has never done this and you talk to knowledge people from top to bottom

[lesterrobinson]

State Farm commercial saved you so much that they made 5.6 BILLION in 2019 and 3.7 BILLION IN 2020. As my friend always say when is the last time you seen an Insurance company go out of business?

[drh]

I have never worked with State Farm, but am always looking for the best Insurance rates and coverage. Anyone know how steady their rates are. Had Allstate once they were low and then 3 years into it the rates went up 25% for no reason. I currently have an Independent agent that found a great deal for me. State Farm is coming in for less.

[bkrishman]

I am currently dealing with State Farm! The mixed bag of emotions that I feel with this company is jarring! I've been dealing with constant plumbing leaks with my 1st condo since NOV 2018. I've constantly called them and get the run around. The HOA is a nightmare and has me on the hook to pay 36k for issues that they should be covering. I'm really at a loss on where to go at this point. Right now, attempting to hire a lawyer. That "bulldog" is not something I have experienced with State Farm. I read also in the comments about roadside assistance being dropped, that has happened to me as well! It seems like in today's world we have to hold these companies accountable for their awful business practices!