Our home is our place of security and our family is the comfort zone that we always like to return to. As such, given the importance of this place, it is important for one to take care of their house and make sure it can stand against natural disasters. If that cannot be ensured, one should to the least be absolutely prepared financially to be able to cover for the losses or the damages caused by any forces like natural disasters, accidents etc.
For this purpose, the State Farm insurance company has known to be extremely reliable, be it in the case of financial stability, customer service or claims.
State Farm currently has its headquarters situated in Bloomington, Illinois with over 17,000 agents and about 67,000 employees serving in the United States and Canada. The annual revenue of the company is reported to be a little over $64 billion given that it has an insurance division, mutual funds, and its very own bank. Being a Fortune 500 company, the State Farm Insurance writes more than 77 million insurance policies.
In order to compare the home-owners insurance quotes, a 15-year-old single home has been chosen with replacement values of $250,000 and $400,000. The quote from State Farm Insurance for the house with a replacement value of 250k came out to be $864 which stood to be merely $28 more than the average quote of $836 while there were companies whose quotes went up to $922 and $1067.
In case of the house with the replacement value of $400k, the quote came up to $1,330 which came up to be $65 or merely 5% more than the average of $1,265. However, these are the quotes for one particular house which were drawn only for the sake of comparison with other companies and to depict the proximity of the State Farm Insurance quotes to the actual average. Various tools would be available on the online platform of the State Farm Insurance which will be capable of giving you a much better idea about the quotes.
Disclaimer:The information available on this website is a compilation of research, available data, expert advice, and statistics. However, the information in the articles may vary depending on what specific individuals or financial institutions will have to offer. The information on the website may not remain relevant due to changing financial scenarios; and so, we would like to inform readers that we are not accountable for varying opinions or inaccuracies. The ideas and suggestions covered on the website are solely those of the website teams, and it is recommended that advice from a financial professional be considered before making any decisions.
