How Much is State Farm Car Insurance: Cost & Rates

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Updated: March 27, 2025 . 5 min read

Written by Ofir Sahar

CEO & Founder

Ofir Sahar

CEO & Founder

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State Farm is one of America’s oldest insurance providers. Today, it is the fourth-largest car insurance company in the United States

Their primary selling point is its customer service and trustworthiness. In this article, we’re going to take an in-depth look at state farm car insurance rates, customer reviews, and different factors that contribute to higher or lower premium costs.

How Much is State Farm Car Insurance: Cost & Rates

On average State Farm full coverage cost is $104 per month or $1,250 per year on average.

State Farmcar insurance cost for minimum coverage is $52 per month or $625 per year.

Coverage Type Cost Per Month Cost Per Year
Full coverage $104 $1,250
Minimum coverage $52 $625

How Much Does State Farm Car Insurance Cost Per Month?

Coverage Type Cost Per Month
Full coverage $104
Minimum coverage $52

While State Farm gives new policyholders the option to pay off their entire policy upfront with one payment (and typically provides a discount for doing so), most drivers pay for their coverage monthly.

What Does Full Coverage Car Insurance Cover With State Farm?

Full-coverage insurance is a broad term that’s used to describe a policy that goes above and beyond the coverage limits of the minimum liability coverage options. A standard State Farm full coverage insurance policy would include all of the following coverage options:

  • Bodily Injury Liability Coverage -It covers other driver’s medical costs after an accident.
  • Property Damage Liability Coverage -it covers damage to other driver’s vehicles or surrounding personal property.
  • Collision Insurance Coverage- It covers damage to your own vehicle in a car crash.
  • Comprehensive Insurance Coverage -It covers damage to your vehicle from natural disasters or flying debris.
  • Medical Payments Coverage– covers your personal medical bills, funeral costs, or treatments after an accident.
  • Uninsured/Underinsured Motorist Coverage -It covers you if you get in an accident with somebody who does not have auto insurance.
  • Car Rental Expenses -It covers up to a certain amount so that you can rent a car if your car is damaged in an accident or getting repaired.

In general, the more expensive your car is, the higher the amount of coverage you should purchase to ensure that all of your costs are taken care of in the event of an accident.

State Farm Car Insurance Prices

State Farm provides competitive car insurance rates, positioning itself as one of the more budget-friendly choices among major insurers. On average, the monthly cost for liability-only coverage is around $50, which amounts to about $597 annually. 

For full-coverage insurance, which generally includes liability, collision, and comprehensive coverage, the average monthly premium is roughly $124, or $1,487 per year. 

This pricing is significantly lower than the national averages of $64 per month for liability and $164 per month for full coverage, making State Farm’s rates approximately 23% and 25% less expensive than the national averages, respectively.

 

Basic Liability Coverage Vs. Full-Coverage Auto Insurance

Most states require all drivers to maintain basic liability coverage if they own a registered vehicle in the state.

 This basic coverage level is the most affordable, but it only covers bodily injury liability coverage and property damage liability. It’s designed to cover other drivers, not you. Essentially, it protects you from a lawsuit.

If you want to ensure that you’re fully-protected and that your personal car repair costs and medical bills are covered by your car insurance, then you may want to select State Farm’s full-coverage insurance policy.

State Farm Auto Insurance Rates

The rates depend on various factors such as age, driving history, and location. Here are some average costs for different driver profiles:

– Single 25-Year-Old Male: About $1,468 per year

– Single 25-Year-Old Female: About $1,330 per year

– Married 35-Year-Old Male/Female: About $1,204 per year

– Married 60-Year-Old Male/Female: About $1,098 per year

These numbers show that younger drivers generally face higher premiums due to their increased risk compared to older drivers.

How To Add A Car To State Farm Insurance Online

Most states give drivers a 30-day grace policy to add a newly purchased vehicle to their insurance policy. However, if you go beyond this period, then the state can issue you a fine for each day that your vehicle is uninsured.

Simply log into your account, look at your existing auto policies, and select the option to ‘Add New Vehicle.’

 You’ll have to enter some basic information about your vehicle, including safety features, the unique VIN number, color, engine size, trim, mileage, etc.

Once you enter all of the information, you’ll be able to select the amount of coverage that you want for that particular vehicle.

 Make your down payment for the policy, and then you’ll be billed monthly along with your other auto policies.

How To Cancel Your State Farm Car Insurance

They are actually pretty fair when it comes to cancelling your coverage. You can either cancel in person, by mail or by phone.They’ll usually ask for a reason, try to sell you on an extension, and will ultimately cancel your policy unless you say otherwise.

Cancellation is free, and they do not charge any additional early cancellation fees.

 

About the author

Ofir Sahar

Ofir is the founder and CEO of Insuranks. He established Insuranks in 2019 from scratch and has been running educational insurance websites since 2009 on a mission to help businesses...See full bio.

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