State Farm is the largest homeowners insurer in the United States by market share. Tens of millions of American homes are protected by State Farm policies, and the company writes more new homeowners policies each year than any other insurer. For homeowners shopping for insurance, State Farm is almost always one of the carriers you encounter during the comparison process.
This guide reviews State Farm homeowners insurance in detail including coverage options, pricing, claims experience, customer satisfaction, available discounts, and how the company compares to other major homeowners insurers.
State Farm Homeowners Insurance Overview
State Farm offers comprehensive homeowners insurance through its national network of more than 19,000 local agents. The company writes coverage in all 50 states and serves homes ranging from modest starter homes to high-value luxury properties.
State Farm’s homeowners insurance is generally well-regarded for its comprehensive coverage options, strong claims service through local agents, and the bundling discounts available when combined with auto and other insurance lines. The company has historically maintained competitive market share through this combination of comprehensive coverage and integrated service.
Coverage Options Available
HO-3 Special Form Policy
State Farm’s standard homeowners policy is the HO-3, which provides open-perils coverage for the dwelling structure (covering all causes of loss except those specifically excluded) and named-perils coverage for personal property. This is the most common homeowners policy type for owner-occupied homes.
HO-5 Comprehensive Form
State Farm offers HO-5 coverage in some markets, providing open-perils coverage for both the dwelling and personal property. This is broader than HO-3 and is often appropriate for higher-value homes.
HO-6 Condominium Insurance
Condo-specific coverage that addresses the split between unit owner responsibility and condo association master policy coverage.
HO-4 Renters Insurance
Renters insurance for tenants, providing personal property and liability coverage without dwelling coverage (which is the landlord’s responsibility).
HO-8 Older Home Coverage
Designed for older homes where replacement cost would significantly exceed market value. Pays actual cash value rather than replacement cost.
Standard Coverage Components
Dwelling Coverage
State Farm dwelling coverage protects the physical structure of your home including walls, roof, foundation, and built-in systems. The company offers replacement cost coverage on dwellings with options for extended replacement cost coverage that adds 20% above your stated coverage limit if rebuild costs exceed expectations.
Personal Property Coverage
State Farm personal property coverage typically defaults to 75% of dwelling coverage, which is higher than the 50% to 70% common at some other insurers. Replacement cost coverage on personal property is available and recommended.
Other Structures
Coverage for detached garages, sheds, fences, and similar structures, typically set at 10% of dwelling coverage.
Loss of Use
Coverage for temporary living expenses if your home becomes uninhabitable, typically set at 30% of dwelling coverage at State Farm.
Personal Liability
Coverage against lawsuits arising from incidents at your home. Standard limits start at $100,000, with higher limits up to $1 million typically available.
Medical Payments
Small no-fault coverage for guest injuries, typically $1,000 to $5,000 per person.
Available Endorsements
State Farm offers various endorsements to enhance standard coverage.
- Personal Articles Policy: Scheduled coverage for jewelry, art, collectibles, and other high-value items beyond standard sublimits
- Inflation Coverage: Automatic coverage adjustments for construction cost inflation
- Identity Restoration: Coverage for identity theft response costs
- Earthquake Coverage: Available in earthquake-prone states
- Sewer Backup Coverage: Protection against sewer and drain backup damage
- Home Computer Coverage: Specialized coverage for computer equipment
- Replacement Cost Loss Settlement: Ensures full replacement cost coverage rather than depreciated value
State Farm Homeowners Insurance Cost
State Farm homeowners insurance averages $1,400 to $2,200 per year nationally, with significant variation by location, home value, and coverage levels.
| Dwelling Coverage | State Farm Average Annual Premium | National Average |
|---|---|---|
| $200,000 | $900 to $1,400 | $1,000 to $1,500 |
| $300,000 | $1,200 to $1,800 | $1,300 to $2,000 |
| $400,000 | $1,500 to $2,400 | $1,700 to $2,700 |
| $500,000 | $1,900 to $3,000 | $2,100 to $3,400 |
| $750,000+ | $2,800 to $4,500+ | $3,200 to $5,000+ |
State Farm tends to be competitively priced compared to other major insurers, particularly for customers bundling with auto insurance.
Available Discounts
Multi-Line Discount
Bundling homeowners with State Farm auto insurance produces some of the largest discounts available, typically 15% to 25% on both policies.
Home Alert Protection Discount
Homes with smoke alarms, fire extinguishers, deadbolt locks, and security systems may qualify for premium reductions.
Roofing Discount
Some impact-resistant roofing materials qualify for premium discounts in hail-prone regions.
Higher Deductible Discount
Choosing a higher deductible reduces your premium. Standard deductible options range from $500 to $5,000+.
Loyalty Discount
Long-term State Farm customers may qualify for additional discounts based on tenure with the company.
Claim-Free Discount
Customers without recent claims may receive premium reductions reflecting their lower risk profile.
Claims Experience
State Farm consistently ranks above industry average in homeowners claims satisfaction. Several factors contribute to this performance.
Local Agent Advocacy
Your local agent serves as your advocate during claims, helping coordinate with adjusters, answering questions, and intervening if issues arise. This personal advocacy is one of the most valued aspects of the State Farm model.
24/7 Claims Filing
Claims can be filed any time through the mobile app, website, phone (1-800-SF-CLAIM), or your local agent. This availability matches what direct insurers offer despite State Farm’s agent-based model.
Mobile App Tools
The State Farm mobile app supports claim filing with photo and video uploads, claim status tracking, and direct communication with claims representatives.
Service Provider Networks
State Farm has partnerships with restoration companies and contractors that can streamline emergency response and repair processes.
Pros and Cons of State Farm Homeowners Insurance
Pros
- Strong financial position (A++ from A.M. Best)
- Largest local agent network in the U.S.
- Comprehensive bundling with auto and other insurance
- Above-average customer satisfaction rankings
- Strong claims handling reputation
- Comprehensive coverage options and endorsements
- Mobile app and digital tools for self-service
- Personal liability coverage up to $1 million available
- Replacement cost coverage standard on most policies
Cons
- Generally not the cheapest option for standalone homeowners coverage
- Limited availability in some high-risk markets
- Service quality depends on your specific local agent
- Less digital-native than direct insurers
- Some policy provisions less generous than competitors in specific situations
How State Farm Compares to Other Major Insurers
| Insurer | Average Annual Premium ($300K Coverage) | Strengths |
|---|---|---|
| State Farm | $1,500 | Bundling, local agents |
| Allstate | $1,750 | Discounts, claims tools |
| USAA (military families) | $1,300 | Military focus, ratings |
| Liberty Mutual | $1,800 | Customization options |
| Farmers | $1,700 | Coverage options |
| Travelers | $1,650 | Strong coverage breadth |
| Nationwide | $1,600 | Member benefits |
For typical homeowners, State Farm is competitively priced relative to other major insurers, particularly when bundling auto insurance.
State Farm Homeowners Insurance Reviews
Customer Satisfaction Scores
State Farm consistently scores above industry average in major homeowners insurance satisfaction surveys including J.D. Power studies. Customers particularly value the local agent relationships and claims handling support.
Better Business Bureau
State Farm maintains an A+ rating with the Better Business Bureau and is BBB accredited.
Common Customer Complaints
- Premium increases at renewal (an industry-wide issue, not unique to State Farm)
- Inconsistent service quality between different local agents
- Claims handling delays in major catastrophe events
- Specific claim disputes regarding damage scope or coverage
Common Customer Praise
- Quality of local agent relationships
- Claims handling responsiveness
- Comprehensive bundling discounts
- Mobile app and digital tools
- Long-term company stability
Who Should Choose State Farm Homeowners Insurance?
- Homeowners who value local agent relationships
- Households bundling auto and home insurance
- Customers wanting comprehensive single-carrier insurance
- Long-term customers benefiting from loyalty discounts
- People who prefer in-person service and claims advocacy
- Homeowners in mid-range and higher value home markets
Who Should Look Elsewhere?
- Customers seeking absolutely lowest standalone homeowners pricing
- Homeowners in high-risk areas where State Farm has limited availability
- People who prefer entirely digital insurance management
- Military families who qualify for USAA
- Customers needing specialty coverage State Farm does not offer well
How to Get the Best State Farm Homeowners Quote
Bundle Auto and Home
This is the single largest discount available. Combining auto and home with State Farm typically saves 15% to 25% on both policies.
Compare Coverage Options
Discuss whether HO-3 or HO-5 coverage is appropriate. The premium difference between the two is often modest, but the coverage difference can be meaningful.
Set Appropriate Deductibles
Higher deductibles reduce premiums. The right deductible reflects your ability to absorb out-of-pocket costs and your tolerance for risk.
Add Important Endorsements
Sewer backup, scheduled personal property for high-value items, and identity restoration are common endorsements that close gaps in standard coverage.
Take Advantage of All Discounts
Ask your agent specifically about every available discount. Some require specific qualifications or actions on your part.
Compare Against Other Carriers
Even if you stay with State Farm, comparing rates from other insurers ensures you are getting competitive pricing. The team at Matrix Insurance can help compare State Farm against multiple top carriers.
Our broader guide on what homeowners insurance is and how it works provides additional context for evaluating any homeowners policy.
Frequently Asked Questions
Is State Farm a good choice for homeowners insurance?
State Farm is generally a strong choice for most homeowners. The company offers comprehensive coverage, strong financial backing, above-average customer satisfaction, and significant bundling discounts. It may not always be the cheapest option, but the combination of price, service, and reliability is competitive.
Does State Farm offer flood insurance?
State Farm sells flood insurance through the National Flood Insurance Program (NFIP) in most areas. The coverage is the standard NFIP coverage available through any participating agent. Some private flood insurance options may also be available depending on your location.
How much does State Farm homeowners insurance cost per month?
Monthly costs typically range from $75 to $250 for most homeowners depending on home value, location, and coverage levels. The annual premium divided by 12 gives the monthly equivalent, though insurers may charge installment fees for monthly payment plans.
Does State Farm cover roof replacement?
State Farm covers roof replacement when damage results from covered perils like wind, hail, fallen trees, or fire. Damage from age, normal wear, or maintenance issues is not covered. The age and condition of your roof affect coverage availability and may shift coverage from replacement cost to actual cash value for older roofs.
Can I cancel State Farm homeowners insurance?
Yes, you can cancel State Farm homeowners insurance at any time. Contact your local agent or call the company to initiate cancellation. You typically receive a refund for unearned premium for the remainder of the policy term. Be sure to have replacement coverage in place before canceling to avoid a coverage gap.
Does State Farm offer earthquake insurance?
State Farm offers earthquake coverage as an endorsement to homeowners policies in earthquake-prone states. The coverage is separate from standard homeowners and has its own deductible structure. In California, State Farm partners with the California Earthquake Authority for earthquake coverage.
What is State Farm’s homeowners insurance phone number?
For general customer service: 1-800-STATE-FARM (1-800-782-8332). For claims: 1-800-SF-CLAIM (1-800-732-5246). For policy questions, contacting your local agent is often the fastest route to specific answers.
The Bottom Line
State Farm offers high-quality homeowners insurance backed by industry-leading financial strength, comprehensive coverage options, and strong customer service through local agents. The company is competitively priced, particularly for customers bundling auto and home insurance, and consistently scores above industry average in customer satisfaction.
For most homeowners, State Farm is worth serious consideration during the insurance shopping process. The local agent model, bundling opportunities, and reliable claims service make it a strong choice for homeowners who value personal service and integrated insurance management.
The team at Matrix Insurance can help you compare State Farm homeowners insurance against other top carriers to find the best combination of coverage, service, and price for your home. Use our Home Insurance Calculator for a starting estimate, or reach out to our team directly for a personalized quote comparison.