State Farm Auto Insurance
Like an enormous corporation, State Farm is everywhere. One of the US's largest personal lines property & casualty companies, State Farm Insurance Companies provides auto insurance, as well as homeowners, non-medical health, and life insurance through some 17,000 agents. Competition has increased with the fall of barriers between the banking, securities, and insurance industries. State Farm's not-so-secret weapon is a federal savings bank charter (State Farm Financial Services) that offers deposit accounts, CDs, mortgages, and auto and home equity loans by phone and on the Internet.
State Farm Mutual Automobile Insurance Company was founded on June 7, 1922, by George J. Mecherle, a retired farmer. It initially concentrated on meeting auto insurance needs of Illinois farmers through a mutual organization owned by the customers. By 1942, the company was the nation's largest auto insurer, a ranking it has held ever since. About one out of every five cars on the road is insured with State Farm. State Farm Mutual Automobile Insurance Company is a mutual insurance company and as such does not have any shareholders.
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Studies have shown that there is a large variance in auto insurance rates between difference companies for the same levels of coverage. Furthermore, comparing auto insurance from top insurance companies before you buy has been a proven method of saving money on your monthly premiums.
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