With more than 16,000 agent offices and 343 claims offices, State Farm is one of the largest insurers in the United States and Canada. Established in 1922 by George Jacob Mecherle, State Farm’s original mission, which still stands today, was to provide fair insurance policy prices to those who drove less and had fewer accidents. State Farm was the first to offer the Good Student Discount in 1962, which provided cheaper auto insurance for students with good grades. In the 1990s, State Farm joined others online and initiated customer service 24/7. At the turn of the century, the company created State Farm Bank, a bank mainly available online, by phone, mail and through bank-certified agents. State Farm now not only provides a selection of insurance options, but banking and investing services as well.
Ranked No. 31 on the Fortune 500, State Farm employs more than 67,000 people and has more than 17,000 agents. It is now a mutual company owned by its policyholders and has approximately 78.8 million policies. State Farm offers roughly 100 different products to consumers in the United States and Canada, including:
- Auto insurance.
- Homeowners insurance.
- Health insurance.
- Business insurance.
- Watercraft insurance.
- Life insurance and annuities.
- Long-term care insurance.
- Mutual funds.
An umbrella of coverage
State Farm offers a wide range of insurance options and solutions. They offer customized auto, homeowners, health and long-term care insurance. As the largest insurer of watercraft in the nation, State Farm also has boat insurance covering sinking, theft, storms and other unforeseen circumstances. There are a range of coverage options for businesses including property and liability, commercial auto insurance and workers’ compensation.
State Farm Bank
As a service available to consumers since 2000, State Farm Bank offers online banking with customer service accessibility 24/7. Bank accounts, loans and credit cards are available to customers. Customers can apply for mortgages and home equity, vehicle or business loans.
Mutual funds and other investment options are available from State Farm. They offer retirement planning and educational planning such as 529 college savings plans. Other investment options include 401(k) and simplified employee pension plans.
Good neighbor service
State Farm is known for the slogan “Like a good neighbor, State Farm is there.” State Farm strives to provide fast and efficient service and to be there when needed, just like a good neighbor would.
The corporate headquarters of State Farm are located at:
One State Farm Plaza
Bloomington, IL 61710
Call State Farm Bank toll free for more information at (877) 734-2265.