State Farm Car Insurance Discounts [2023]
Car insurance discounts from State Farm include offers for good grades, safe driving, and low mileage. These discounts could lower your rates by up to 60% when combined.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
UPDATED: Jul 9, 2023
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jul 9, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- State Farm offers many discounts
- The company was founded almost 100 years ago
- They have a large network of subsidiaries
State Farm insurance is probably one of the most well-known car insurance providers in the nation. There are many different car insurance discounts that State Farm offers to its policyholders, including:
- a multiple vehicle discount
- an accident free discount
- a multiple line discount
- a defensive driving discount
- a good driving discount
- an anti-theft discount
- a good student discount
To compare the car insurance rates of State Farm to other great car insurance providers where you live, use our free tool. Just type in your ZIP above now!
Go to A.M. Best’s website after choosing the car insurance company you want to see how that company is financially rated. The A. M. Best Company is one of the most respected insurance rating companies in the world.
What is the history of State Farm insurance?
George Mecherle was a retired farmer when he founded State Farm in 1922. The company began as a mutual car insurance company, which means that the company was technically owned by the policyholders.
While, in the beginning, State Farm focused mainly on car insurance, the company quickly branched out into other insurance options such as life insurance and home insurance, and multiple financial and banking services.
Most people recognize State Farm from the jingle in the company’s commercials “Like a good neighbor, State Farm is there.”
What most people might not realize is that this jingle was written in 1971 by the famous singer/songwriter, Barry Manilow.
State Farm insurance writes a good portion of its annual insurance through a large network of subsidiaries. The State Farm subsidiary companies are:
- State Farm Life Insurance Company
- State Farm Fire and Casualty Company
- State Farm Life and Accident Assurance Company
- State Farm Mutual Insurance Company of Texas
- State Farm County Mutual Insurance Company of Texas
- State Farm General Insurance Company
- State Farm Indemnity Company
- State Farm Florida Company
- State Farm Guaranty Insurance Company
- State Farm Bank
- State Farm Lloyds
- State Farm VP Management Corporation
- State Farm Investment Management Corporation
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What other insurance coverage options does State Farm offer?
State Farm offers a lot more than car insurance. The other types of insurance offered by State Farm include:
- homeowners insurance
- condo insurance
- life insurance
- renters insurance
- annuities
- disability insurance
- health insurance
- business insurance
- boat insurance
- long-term care insurance
- flood insurance
- farm and ranch insurance
- personal liability umbrella insurance
- motorcycle insurance
- insurance for community organizations
There are three different coverage options for the State Farm farm and ranch insurance. There is a farm and ranch homeowner policy for someone that owns and lives on their farm.
There is a farm and ranch property policy for someone that owns a farm but does not live on the premises of the farm. Lastly, there is a farm and ranch renter policy for someone that lives on a farm that they rent instead of own.
There are many losses that are covered under all of the State Farm farm and ranch insurance policies. Some of the losses for property that are insured under these policies include:
- windstorms
- lightning
- hail
- fire
- smoke
- theft
- vandalism
- collision
- malicious mischief
- vehicles
- explosions
- riots
- aircraft
There are also multiple losses covered when it comes to the farm’s livestock, which includes accidental drowning, electrocution, accidental shooting, and, except for sheep, attack by dogs or other wild animals.
What are the car insurance discounts available through State Farm?
There are more than a few car insurance discounts available through State Farm. These discounts include:
- a multiple vehicle discount
- a multiple line discount
- an accident free discount
- a new vehicle safety discount
- a defensive driving discount
- an anti-theft device discount
- a good student discount
- a good driving discount
- a driver training discount
- a drive safe and save discount
A multiple vehicle discount is offered to a policyholder that has more than one car insurance with State Farm, while the multiple line discount is offered to those that have more than one insurance policy with the company.
The accident-free discount is offered to the safest drivers. A policyholder with a new car or a car with advanced safety features is eligible for many different discounts.
The defensive driving discount and driver training discount are offered to people that have attended and passed one of these special driving classes.
State Farm’s good student discount is offered to young policyholders that are college students who earn good grades.
To see how the rates of other car insurance companies stack up to State Farm, compare car insurance rates now. Just enter your ZIP below!
Case Studies: Exploring State Farm Car Insurance Discounts
Case Study 1: Good Grades Discount
Sarah, a high school student, consistently earns excellent grades. Her parents added her to their State Farm car insurance policy and were pleasantly surprised to learn about the good grades discount. By providing Sarah’s report card, they were able to save 20% on their premiums.
Case Study 2: Safe Driving Discount
Mark, an experienced driver, has maintained a clean driving record for several years. When he switched to State Farm for his car insurance, he qualified for the safe driving discount. Mark’s accident-free history allowed him to save 25% on his insurance premiums.
Case Study 3: Low Mileage Discount
Amy, who recently started working remotely, no longer commutes to the office daily. With her reduced mileage, she realized she could take advantage of the low mileage discount offered by State Farm. Amy reported her updated mileage to the insurer and received a 15% discount on her car insurance.
Frequently Asked Questions
What are the benefits of choosing State Farm insurance?
State Farm offers several benefits to its customers, including:
- Comprehensive Coverage: State Farm provides a wide range of insurance products, including auto, home, renters, life, and more, giving customers the convenience of obtaining multiple coverages from a single provider.
- Financial Strength: State Farm is one of the largest insurance companies in the United States, with a solid financial foundation. This provides customers with confidence that the company will be able to fulfill its obligations in the event of a claim.
Does State Farm offer any discounts or rewards programs to its customers?
Yes, State Farm provides various discounts and rewards programs to help customers save money on their insurance premiums. Some common discounts include:
- Multi-Policy Discount: Customers who bundle multiple insurance policies with State Farm, such as auto and home insurance, can qualify for a discounted rate on their premiums.
- Safe Driving Discounts: State Farm offers discounts to drivers who maintain a clean driving record and have completed defensive driving courses.
- Good Student Discount: Students who achieve good grades may be eligible for a discount on their auto insurance premiums.
Does State Farm offer any additional services or benefits beyond insurance coverage?
Yes, State Farm offers additional services and benefits to its customers, including:
- Financial Planning: State Farm offers financial planning services to help customers with their long-term financial goals. These services can include retirement planning, education funding, and investment advice.
- Educational Resources: State Farm provides educational resources on their website and through their agents. These resources include articles, guides, and tools to help customers understand insurance and make informed decisions.
- Community Involvement: State Farm is actively involved in various community initiatives and charitable endeavors. They support community projects, disaster recovery efforts, and sponsorships of sports and cultural events.
Does State Farm offer any tools or resources to help customers understand and manage their insurance policies?
Yes, State Farm provides various tools and resources to assist customers in understanding and managing their insurance policies. These include:
- Online Account Management: State Farm offers an online portal and mobile app that allow customers to easily access and manage their policies. They can view policy details, make payments, file claims, and track the status of their claims online.
- Coverage Assistant: State Farm’s website features a Coverage Assistant tool that helps customers understand the different types of coverage available and determine what coverage options may be suitable for their needs.
Does State Farm provide any additional benefits or services for policyholders during emergencies or claims situations?
Yes, State Farm offers additional benefits and services to policyholders during emergencies or claims situations, including:
- 24/7 Claims Support: State Farm has a 24/7 claims support hotline that customers can contact anytime they need assistance with filing a claim or reporting an emergency.
- Emergency Road Service: For auto insurance policyholders, State Farm offers emergency road service coverage, which provides assistance in situations such as lockouts, flat tires, and towing services.
- Catastrophe Response Team: In the event of a natural disaster or major catastrophe, State Farm has a dedicated Catastrophe Response Team that is deployed to affected areas to assist policyholders with their claims and provide support.
- Preferred Service Providers: State Farm has a network of preferred service providers, including auto repair shops and contractors, who meet specific quality standards. This can streamline the claims process and ensure customers receive high-quality repairs and services.
- Rental Reimbursement Coverage: State Farm offers rental reimbursement coverage, which helps policyholders cover the cost of renting a vehicle while their insured vehicle is being repaired due to a covered claim.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.