State Farm's Annual Auto Insurance: What You Need To Know

State Farm offers a range of auto insurance options, including collision coverage, comprehensive coverage, liability coverage, uninsured and underinsured motorist coverage, and medical payments coverage. They also offer rideshare driver coverage, emergency road service coverage, and rental car reimbursement and travel expense coverage. State Farm provides insurance for various vehicle types, including motorcycles, boats, motorhomes, off-road vehicles, and classic and antique cars. The company has a range of discounts available for customers, including safe driver discounts, student discounts, and multi-policy discounts.

State Farm's Drive Safe & Save® app

State Farm's Drive Safe & Save® is a safety app that can help you save on your auto insurance and improve your driving habits. The app automatically records your trips and helps you understand your driving habits by showing you what you're doing well and what could be improved. It tracks acceleration, braking, cornering, phone distraction, and speed, flagging these as "events" or opportunities to improve your driving.

The app offers a 10% discount for signing up and completing the setup steps. After this, your driving determines how much you save—up to 30%. State Farm also offers a minimum 5% discount for being part of the program, even if you're a poorly-rated driver.

To set up the app, you need to download the Drive Safe & Save® app from the Apple or Android store and pair it with a Bluetooth beacon sent by your State Farm insurance agent. You then record the odometer reading in your vehicle using the app. The beacon works with the app to accurately record your trips.

The app shows you:

• Your safety scores
• How much you're saving per enrolled vehicle
• Your trip routes from the last 30 days
• The number of recorded trips from the last 14 days
• Opportunities to improve your driving habits
• The number of recorded miles from the last 14 days
• Any vehicles on your policy that are eligible or enrolled in Drive Safe & Save®

State Farm won't sell your information, and the data collected is used to help you create safer driving habits and calculate your discount.

Steer Clear® program for new drivers

State Farm's Steer Clear® program is a safe driver training program designed for new drivers, particularly teens and young adults, to improve their driving skills and practice safe driving habits. The program offers a great opportunity for new drivers to enhance their driving skills and save on car insurance.

The Steer Clear® program consists of five comprehensive training modules that cover a wide range of topics to ensure new drivers are well-prepared for various driving situations. The modules are as follows:

• Getting ready to drive: This module covers car basics, including understanding car parts, safety features, and maintenance. It also guides new drivers on making adjustments, such as correctly positioning their seat, steering wheel, mirrors, and seat belts for maximum comfort and safety.
• Focus and distraction: This module focuses on common distractions while driving and strategies to prevent them. It covers topics like managing distractions, the dangers of impaired driving, and scanning for hazards on the road.
• Residential and city roads: This module equips new drivers with the skills to navigate residential and city roads safely. It includes lessons on sharing the road with other drivers, starting, stopping, and backing up, as well as managing parking lots and navigating intersections.
• Highway driving: This module prepares new drivers for the challenges of highway driving, including merging onto busy interstates, managing speed and distance, staying in the correct lane, and changing lanes safely.
• Special driving situations: This module covers a range of special driving circumstances, such as driving at night, in stormy weather, or in rural areas. It also provides guidance on handling emergencies, such as encountering emergency vehicles or dealing with car trouble.

To complete the Steer Clear® program, participants are required to finish all five modules, which include videos, driving scenarios, and quizzes. They must also complete five hours of driving, consisting of at least ten trips, within six months of starting the program. Friends or family members can use the mentor log-in feature to track the progress of the young drivers and provide valuable feedback.

Upon successful completion of the program, drivers receive a certificate of completion through the app, which they can then send directly to their State Farm agent to qualify for the Steer Clear Safe Driver Discount on their auto insurance policy. This discount is available for drivers under the age of 25 or those with less than three years of driving experience, provided they meet their state's eligibility requirements.

Discounts for bundling insurance policies

State Farm offers a discount for bundling auto and renters insurance policies. The company claims that customers could save up to $1,273 per year by bundling, although it doesn't specify a percentage. However, according to ValuePenguin, State Farm offers a 4.7% bundling discount, which could save customers $108 per year.

State Farm also offers multi-policy discounts for bundling RV, boat, motorcycle, and more. Customers can save an average of 5% on auto insurance when they bundle with State Farm.

In addition to State Farm, other insurance companies like Geico, Progressive, Allstate, and Farmers also offer discounts for bundling auto and renters insurance policies.

It's important to note that while bundling insurance policies can lead to savings, it's not always the cheapest option. It's recommended to shop around and compare quotes from different companies to find the best rate.

State Farm's insurance coverage options

State Farm offers a wide range of insurance coverage options to cater to various needs. Here is an overview of the different types of insurance coverage they provide:

Vehicle Insurance Coverage:

State Farm offers insurance for a variety of vehicles, including motorcycles, boats, motorhomes, off-road vehicles, classic and antique cars, and rideshare vehicles. They also provide insurance for rental cars and electric or hybrid vehicles.

Home and Property Insurance:

State Farm provides coverage for homes, condos, apartments, and rental properties. They also offer personal articles insurance, manufactured home insurance, and farm and ranch insurance.

Life Insurance:

State Farm Life Insurance helps secure your family's financial future with a range of products, cost structures, and financial strength.

Health Insurance:

State Farm offers health insurance coverage, including disability insurance and liability insurance.

Small Business Insurance:

Navigating small business insurance can be complicated. State Farm offers a range of insurance options, including small business insurance coverage, professional liability insurance coverage, commercial business insurance coverage, and workers' compensation insurance.

Additional Coverage Options:

State Farm also provides identity restoration insurance coverage, pet insurance coverage, and travel trailer and camper insurance. They also offer investment services and banking options through their partnership with U.S. Bank National Association.

State Farm is known for its competitive prices, easy claims process, and excellent service. They have a range of discounts and savings opportunities, such as bundling home and auto insurance or safe driving discounts. With over 100 years of experience, State Farm has a strong legacy of protection and is committed to helping protect you and your loved ones.

State Farm's insurance claims process

State Farm offers a range of insurance products, including auto, home, property, life, health, and small business insurance. They pride themselves on providing easy claims and excellent service. Here is a detailed overview of the State Farm insurance claims process:

Auto Insurance Claims

State Farm makes filing an auto insurance claim convenient and straightforward. You can choose to file your claim online, through their mobile app, or by phone. The mobile app gives you control over your claim, allowing you to check its status, upload documents, set up direct deposit, and more. After filing, the process typically involves the following steps:

• Tell State Farm what happened.
• They will review your claim and policy.
• Get an estimate and plan for repairs.
• State Farm will arrange payment, less your deductible, for covered losses.

Home Insurance Claims

To initiate a home insurance claim, you can contact State Farm's dedicated claims number (800-SF-CLAIM), report the claim online, or reach out to your State Farm agent. Once you've reported the claim, an associate will get in touch with you promptly. Before filing, it's important to take reasonable steps to prevent safety risks and further damage. If the loss involves theft, notify the police, and inform banks and credit card companies about any missing cards.

Health Insurance Claims

State Farm offers two simple ways to file a health insurance claim. You can either take your bill(s) to your State Farm agent's office or call their Health Response Center at 866-855-1212 to request a claim form.

Small Business Insurance Claims

State Farm provides small business insurance to protect your business and employees. While the specific claims process for small business insurance is not outlined, State Farm emphasizes its commitment to helping businesses navigate the complicated world of insurance and ensuring their clients' peace of mind.

Frequently asked questions