STATE FARM INSURANCE

Founded in 1922, State Farm Insurance was started as an automobile insurance company and today operates as a joint venture with 85 million valid policies and accounts. Products include life insurance, home and renters insurance, automobile and specialty vehicle insurance, health insurance, liability insurance and disability insurance. Additionally, State Farm has partnered with Trupanion to offer pet insurance. The company also offers home and car loans, savings and checking accounts, credit cards, and a variety of other investment and financial services. Its headquarters are located in Bloomington, Illinois.

State Farm ranked 7th best life insurance company for 2022,

4th place cheapest life insurance companies for 2022, 7th place best life insurance companies for 2022 and 3rd place best whole life insurance companies for 2022,

Fifth place in Best All-Risk Life Insurance Companies 2022, Third Place in Best No Medical Exam Life Insurance Companies 2022 and Seventh Place in Best Life Insurance Companies for Seniors 2022.

In our analysis of the best life insurance companies for 2021, State Farm ranked seventh, with a score of 3.9. The company offers multiple products in the full and comprehensive life insurance categories, meaning potential customers can purchase coverage that meets their specific needs and, in most cases, customize policies through passengers. . The company also offers an option called full life insurance, which is only available to about half of the companies in our ranking.

The company ranked fourth among the cheapest insurance companies in our ranking, with a monthly premium model of $62.19 for a 20-year insurance policy and $1 million for an unclaimed claimant. healthy 35 year old smoker. You can pay your premiums online, by automatic billing, by mail or in person. State Farm Life insurance is currently available in all states except Massachusetts and Rhode Island.

Choosing a provider that meets your specific needs is essential, and State Farm offers several options for insurance coverage. The company did well in most categories of our rankings, including being fourth in our cheapest life insurance company and seventh in our ranking of the best life insurance companies for 2022.

In our ranking of the cheapest life insurance companies, State Farm comes in fourth. The average monthly premium for a $1 million insurance policy over 20 years for healthy non-smoking claimants is as follows:

35 years old: $62.19

45 years old: $134.44

55 years old: $329.74

65: $1,006.64

The cost more than doubles between ages 35 and 45, increases by about 145% between ages 45 and 55, and increases by more than 200% between ages 55 and 65. chances of getting (and insuring) a reasonable premium .

The State Farm Life Insurance Coverage Calculator asks potential customers to consider factors such as marital status, age, location, living status, mortgage and other debts, children or other dependents, current income, current assets and other priorities such as charitable donations.

For more information on life insurance policy costs, visit our life insurance quotes page. Most State Farm life insurance policies offer a multi-line discount for purchasing multiple insurance policies, such as a combination of auto and life insurance. For more information on cheap life insurance, visit our Cheapest Life Insurance Companies for 2022 page.