Refinancing and Insurance Guide

About State Farm

• Founded in 1922, the insurance giant now offers 100 different products and processes around 35,000 claims a day, according to the company website. State Farm services customers throughout the United States and has more than 15,000 offices nationwide. As of 2010, State Farm was number 34 on the "Fortune" 500 list. In addition to its insurance division, State Farms also has divisions for investments and banking.

Types of Insurance Offered

• State Farm offers auto, home, life and medical insurance. The company has both liability and comprehensive and collision coverage under its auto insurance policies. Its medical insurance policies include private healthcare insurance, disability insurance, long-term care and supplemental medical insurance. Home policies include homeowners insurance and renters insurance. State Farm also offers life insurance and annuity policies.

  
  

  Payment Options

  • State Farm customers can pay their annual insurance fees in full to eliminate service charges, or they can choose to pay monthly, quarterly or semi-annually. State Farm accepts most forms of payment including checks, electronic debits, debit cards and credit cards. As part of their commitment to bettering the environment, the company also offers paperless billing.

  Insurance Discounts

  • State Farm policyholders may be eligible for discounts on their insurance, especially auto insurance. The company offers discounts for insuring multiple vehicles, having multiple insurance policies or owning a car equipped with safety features. Drivers can get additional discounts by taking a defensive driving course or staying accident free. Students can get a discount by maintaining good grades

  Insurance Claims

  • Policyholders can file claims for auto, home and insurance needs online at the State Farm website. They can also file claims over the phone or by visiting a local claim center. A State Farm agent will work with the customer throughout the claims process. However, how much a customer can receive depends on the individual policy.

    
    

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