State Farm vs. Farmers: Home Insurance Comparison

We compared State Farm and Farmers homeowners insurance across affordability (55%), customer experience (35%) and coverage breadth (10%). State Farm earns a 4.50 out of 5 and Farmers earns a 4.31 — and unlike most comparisons where the scores are close enough that the right choice depends on your profile, this one has a clearer answer. State Farm leads every scoring category, and when we ran all 2,700 profile combinations, it came out cheaper in every single one. That breadth of advantage is uncommon in our data. For most homeowners, State Farm is the best home insurance provider of the two.

• Affordability: State Farm scores 4.73 vs. Farmers' 4.56 and costs $634 less per year on a standard $250,000 dwelling profile. The gap widens considerably for homeowners with poor credit: $6,105 per year vs. Farmers' $10,719. Across all 2,700 profiles we tested, State Farm was cheaper every time — a pricing consistency we don't see often when comparing two major national carriers.
• Customer Experience: State Farm leads 4.31 to 4.26, a narrow margin that reflects slightly stronger claims handling satisfaction in J.D. Power data. Both insurers score well enough that most homeowners won't notice a meaningful service difference day to day, so this category shouldn't drive the decision either way.
• Coverage: State Farm scores 4.04 to Farmers' 3.47 and offers five optional add-ons including Home Systems Protection, which covers mechanical breakdowns of appliances and systems, and Umbrella Insurance. Farmers carries five endorsements with its own exclusives: Matching of Undamaged Property Coverage and Residence Glass Coverage. If either of those Farmers-specific endorsements fits your situation, they're worth weighing against State Farm's broader score advantage.

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).

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).

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

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.

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.

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 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.

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.

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. When we ran all 2,700 profile combinations in our analysis, State Farm came out cheaper every time — a level of pricing consistency that makes it the straightforward recommendation for most homeowners. Farmers' strongest counterargument 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 doesn't offer. 

If you qualify for several of Farmers' niche discounts, compare quotes from both insurers to see if those savings close the rate gap. But for most profiles, we recommend State Farm: it ranks among the best homeowners insurance companies in our analysis and delivers the lower rate and broader coverage score at the same time.

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