State Farm vs. Farmers: Home Insurance Comparison

State Farm scores 4.50 out of 5 and averages $2,151 per year, while Farmers scores 4.31 and averages $2,785, based on MoneyGeek's analysis of rates, coverage and service.

Find out if you're overpaying for home insurance below.

Written by Mark Fitzpatrick

Updated: May 5, 2026

Advertising & Editorial Disclosure

Key Takeaways

State Farm averages $2,151 per year ($179 per month) compared to Farmers' $2,785 per year ($232 per month) for a standard profile, and across all 2,700 profile combinations tested, State Farm was cheaper in every single one.

State Farm is the stronger pick for homeowners who want lower rates paired with broader coverage options, including its Home Systems Protection endorsement and Umbrella Insurance add-on that Farmers does not offer.

Farmers is the better fit for homeowners focused on stacking discounts, with 12 available discount programs (including Green Certifications, Connected Home and Rent to Own) compared to State Farm's four.

State Farm vs. Farmers: Overall Comparison

MoneyGeek compared State Farm and Farmers homeowners insurance using a weighted scoring model that measures affordability (55%), customer experience (35%) and coverage breadth (10%). State Farm earns a 4.50 out of 5 and Farmers earns a 4.31. State Farm is the best home insurance provider, earning the highest in every scoring category.

Affordability: State Farm wins with a 4.73 score versus Farmers' 4.56, and the dollar gap is substantial. State Farm costs $634 less per year for a standard $250,000 dwelling profile, and across all 2,700 profile combinations tested, State Farm was cheaper in every single one. The widest gap appears for homeowners with poor credit ($6,105 vs. Farmers' $10,719 per year).
Customer Experience: State Farm leads 4.31 to 4.26, a narrow margin reflecting slightly stronger claims handling satisfaction across J.D. Power data. Both insurers score well enough that most homeowners will not notice a meaningful service difference day to day.
Coverage: State Farm scores 4.04 to Farmers' 3.47. State Farm offers five optional add-ons including Home Systems Protection (which covers mechanical breakdowns of appliances and systems) and Umbrella Insurance, while Farmers carries five endorsements with its own exclusives like Matching of Undamaged Property Coverage and Residence Glass Coverage.


State Farm	$2,151	4.49	4.73	4.31	4.04
Farmers	$2,785	4.3	4.56	4.26	3.47

Farmers vs. State Farm: Which Company Is Cheaper Overall?

State Farm is the cheaper insurer for every homeowner profile in MoneyGeek's analysis, averaging $2,151 per year compared to Farmers' $2,785. Across all 2,700 profile combinations tested, State Farm won every single one, a result that is uncommon in head-to-head comparisons.

The gap grows as risk factors increase. Homeowners with poor credit pay an average of $6,105 per year with State Farm versus $10,719 with Farmers, a $4,614 difference. Homeowners with excellent credit see a smaller gap ($1,819 vs. $3,043), while those with two claims on their record see it widen ($4,313 vs. $6,846).

Data filtered by:


$2,785	$2,151

How Much Does Each Company Cost by State?

State Farm is cheaper in 21 of the 33 states where both insurers have data, while Farmers undercuts State Farm in 12 states, mostly in the Midwest and Northeast. The widest gaps favor State Farm: in Oklahoma, State Farm charges $3,220 per year versus Farmers' $8,933, a difference of $5,713. In North Carolina, State Farm averages $1,274 per year versus Farmers' $5,840, a spread of $4,566. Farmers' state-level wins are smaller in dollar terms, with its largest edge in South Dakota ($389 cheaper), Minnesota ($366 cheaper) and Iowa ($365 cheaper).


Alabama	$3,274	$2,698
Arizona	$2,023	$1,334
Arkansas	$3,717	$3,061
California	$1,142	$986
Colorado	$6,738	$2,349
Connecticut	$1,575	$1,897
Georgia	$2,761	$2,656
Idaho	$1,600	$1,249
Illinois	$1,564	$1,726
Indiana	$2,205	$1,999
Iowa	$1,850	$2,215
Kansas	$2,974	$3,010
Maine	$1,337	$856
Maryland	$1,916	$1,537
Massachusetts	$1,256	$1,520
Michigan	$2,063	$1,956
Minnesota	$2,316	$2,682
Montana	$4,155	$2,392
Nebraska	$3,733	$3,874
Nevada	$1,197	$1,184
New Hampshire	$1,287	$1,009
New Jersey	$1,325	$1,332
New York	$1,414	$980
North Carolina	$5,840	$1,274
North Dakota	$3,760	$2,726
Ohio	$1,263	$1,494
Oklahoma	$8,933	$3,220
Oregon	$1,131	$1,202
Pennsylvania	$1,885	$1,413
Rhode Island	$2,066	$1,181
South Dakota	$2,511	$2,900
Texas	$5,790	$4,455
Utah	$826	$1,123
Virginia	$1,953	$1,551

Note: In states where MoneyGeek could not get Farmers or State Farm quotes, "No Data" will be shown.

Which Company Has More Discounts?

Farmers offers 12 discount programs compared to State Farm's four, the widest gap MoneyGeek has seen in a head-to-head home insurance comparison. Farmers covers discount categories State Farm does not offer, including Green Certifications (for ENERGY STAR or LEED homes), Connected Home (for smart monitoring systems), Rent to Own (for renters switching to a home policy), ePolicy (for paperless delivery) and Affinity discounts for armed forces personnel and degree holders. State Farm's four discounts are narrowly focused on physical home features: Home Security, Roofing, Wind Mitigation and Wildfire Mitigation.


Protective Devices / Home Security	Savings for homes with fire alarms, security systems, sprinklers or monitored protective devices.	✅	✅
Wind Mitigation	Savings for homes meeting FORTIFIED building standards or approved wind-resistant construction criteria.	✅	❌
Roofing	Discount for qualifying impact-resistant or class 4 roofing materials with verified certification.	✅	❌
Wildfire Mitigation	In California, savings for wildfire prevention measures or living in a designated fire-safe community.	✅	❌
Bundling	Save when you combine home insurance with auto, life or umbrella coverage from the same insurer.	❌	✅
Claim Free	Rewards policyholders who haven't filed a claim in three or more consecutive years.	❌	✅
Preferred / Automatic Payment	Savings for paying in full, in installments or through automatic monthly payments.	❌	✅
Good Payer	Rewards customers who consistently pay premiums on time.	❌	✅
ePolicy (Paperless)	Discount for enrolling in electronic policy delivery.	❌	✅
Affinity / Group	Savings for members of qualifying professions, degree holders or armed forces personnel.	❌	✅
Farmers GroupSelect	Exclusive savings for employees or members of participating companies or associations.	❌	✅
Rent to Own	Applies to renters who switch to a home policy after holding a Farmers renters policy for at least one year.	❌	✅
Connected Home	Discount for smart homes with systems that allow remote monitoring or control.	❌	✅
Home Safety	Available for homes with leak detection devices, gas shutoff systems or fortified structures.	❌	✅
Green Certifications	Rewards homeowners with ENERGY STAR, LEED or EPA-certified homes.	❌	✅
New Home	Discount for homes less than 14 years old.	❌	✅

Note: List of discounts is based on what's available on the provider's website at the time of writing. Actual availability of discounts varies by state. Speak with your agent to see what discounts you qualify for.

Farmers vs. State Farm: Which Company Has Better Customer Service?

State Farm edges Farmers on customer experience, scoring 4.31 compared to Farmers' 4.26 in MoneyGeek's model. That 0.05-point gap is one of the narrowest in a head-to-head comparison, reflecting similar performance across J.D. Power satisfaction surveys and claims service quality measures.

Both State Farm and Farmers operate large agent networks, so homeowners who prefer face-to-face support for policy changes and claims will find comparable in-person access with either company. State Farm technically wins on the data, but most homeowners will not notice a meaningful service gap between these two insurers.

State Farm vs. Farmers: Which Company Has More Optional Coverages?

State Farm and Farmers each offer five optional endorsements, but the lineups differ in meaningful ways. State Farm's exclusive add-ons include Home Systems Protection (which covers mechanical and electrical breakdowns of appliances and home systems, functioning like a built-in home warranty) and Umbrella Insurance (which extends liability limits beyond the base policy). Farmers counters with Matching of Undamaged Property Coverage and Residence Glass Coverage that State Farm does not carry.


Water Backup	Covers water damage caused by backed-up sewers, drains or sump pump overflows not included in standard policies.	✅	✅
Scheduled Personal Property / Valuable Items	Provides higher limits and replacement cost coverage for high-value belongings like jewelry, art, sports equipment or collectibles.	✅	✅
Identity Theft / Fraud Expense	Covers expenses related to identity fraud recovery, including legal fees, lost wages and credit monitoring.	✅	✅
Home Systems Protection	Covers repair or replacement of essential home systems and appliances that break down due to mechanical or electrical failure.	✅	❌
Umbrella Insurance	Adds extra liability financial protection beyond standard policy limits for personal injury or property damage claims.	✅	❌
Matching of Undamaged Property	Replaces undamaged parts of your home so new repairs match existing finishes like siding, flooring or countertops.	❌	✅
Residence Glass Coverage	Eliminates your deductible when glass breaks accidentally and covers cracked windows and shattered patio doors.	❌	✅

Note: List of coverages is based on what's available on the provider's website at the time of writing. Actual availability of coverages varies by state. Speak with your agent to see what coverage is offered in your state.

Farmers vs. State Farm Homeowners Insurance: Bottom Line

State Farm is the clear winner in this comparison, earning a 4.50 out of 5 and costing $634 less per year than Farmers for the same coverage profile. State Farm leads in every MoneyGeek scoring category and was cheaper in all 2,700 profile combinations tested. Farmers' advantage is its 12 discount programs, which give homeowners more paths to reduce their premium than State Farm's four, along with its Matching of Undamaged Property Coverage and Residence Glass Coverage endorsements that State Farm does not offer. Homeowners who qualify for several of Farmers' niche discounts should compare quotes from both insurers to see if those savings close the rate gap, but for most profiles, State Farm ranks among the best homeowners insurance companies and will deliver the lower rate and broader coverage at the same time.

State Farm and Farmers Insurance: FAQ

Homeowners commonly ask these questions when choosing between State Farm and Farmers home insurance.

Which is cheaper, State Farm or Farmers?

State Farm averages $2,151 per year compared to Farmers' $2,785 for a standard profile with $250,000 in dwelling coverage. Across all profiles in MoneyGeek's analysis, State Farm was cheaper in every one of the 2,700 scenarios tested, with the largest gaps appearing for homeowners with poor credit or $1 million in dwelling coverage.

Which company has better customer service?

State Farm scores 4.31 out of 5 on customer experience in MoneyGeek's model, compared to Farmers' 4.26, based on J.D. Power satisfaction data and claims service quality. The gap is narrow enough that most homeowners will not notice a meaningful difference in day-to-day service between the two companies.

Which company offers more home insurance discounts?

Farmers offers 12 discount programs, including Green Certifications, Connected Home and Rent to Own, while State Farm offers four discounts focused on physical home features like roofing and wind mitigation. Farmers gives homeowners more discount categories to qualify for, though State Farm's lower base rates often offset the difference in available discounts.

Is State Farm or Farmers better overall for homeowners insurance?

State Farm leads Farmers in every MoneyGeek scoring category: affordability (4.73 vs. 4.56), customer experience (4.31 vs. 4.26) and coverage (4.04 vs. 3.47). Farmers' strength is its discount variety, but State Farm's lower rates and broader endorsement options make it the stronger choice for most homeowner profiles.

Does State Farm or Farmers cover water backup from sewer lines?

Both State Farm and Farmers offer water backup coverage as an optional endorsement, not as part of the standard policy. State Farm calls it Water Backup coverage, and Farmers calls it Water Backup and Sump Overflow Coverage. Homeowners must add this endorsement to their base policy with either company, and costs vary by state.

MoneyGeek evaluated both State Farm and Farmers homeowners insurance policies using a consistent national profile to compare affordability, customer satisfaction and coverage options. Our analysis was based on a 40-year-old homeowner with a 2,500-square-foot single-family home, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage, good credit and no home insurance claims in the past five years. We applied a weighted scoring system: affordability (55%), customer experience (35%) and coverage (10%). For a full explanation of our process, see our homeowners insurance methodology.

About Mark Fitzpatrick

Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has analyzed the insurance market for almost a decade, first with LendingTree and now with MoneyGeek, conducting original research on hundreds of insurance companies and millions of insurance rates for insurance shoppers.

He writes about economics and insurance on MoneyGeek, breaking down complex topics so people can have confidence in their purchase. Like all MoneyGeek analysts, Mark collects and analyzes independent cost and consumer experience data on insurance companies to provide objective recommendations in our content that are independent of any of MoneyGeek's insurance company partnerships.

His insights on products ranging from car, home and renters insurance to health and life insurance have been featured in The Washington Post, The New York Times and NPR, among others.

Mark holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He started his career working in financial risk management at State Street before transitioning to the analysis of the personal insurance market. He's also a five-time Jeopardy champion!

Read Full Bio »