Hi Peeps
I’m curious why State Farm insurance is pricier than other providers. What factors drive their higher premiums—coverage, service, etc.? How does their pricing compare with other major insurers? Is the cost justified by the value they offer? Any insights on whether State Farm’s benefits outweigh the expense would be appreciated!
Thanks…
Other companies are simply more costly in certain contexts. Sometimes, if you can get a better bargain elsewhere, owning the bundle isn’t worth it.
State Farm is an extremely risk-averse business. It seems like they would rather not insure you, but they will if you pay. They have a well-known reputation for having long-term clients who only ever submit one claim before refusing to renew.
I simply needed to switch from State Farm. No fines or anything, yet our monthly premium was more over $8,000. We switched companies, and as of right now, we pay just more than $200 for two cars. For all those celebrities to promote their brand, they have to pay them. Jake from State Farm needs to be returned, along with his khakis 
Many mathematicians are paid handsomely by insurance companies to sit about and create formulas that maximize their profits.
Variables in the equation include your cars, annual mileage, zip code, age, credit history, driving history, loss history, and a host of other details. For certain insurers, this will result in a lower premium than for others.