2018 Homeowners Insurance Estimates from State Farm
Discover detailed homeowners insurance quotes from State Farm for 2018. This article explains how their rates compare, covering policy details, and the company's stability. Whether you own a home valued at $250,000 or $400,000, find out how State Farm's premiums measure up and learn about their reliable services for protecting your home against natural disasters and unforeseen damages.
Your home is your sanctuary and your family's safe haven. Protecting this vital asset from natural calamities is crucial. While ensuring full coverage against disasters may not always be feasible, being financially prepared for potential damages or losses is essential. State Farm Insurance is renowned for its stability, reliable customer service, and efficient claims processing, making it a popular choice for homeowners nationwide.
Headquartered in Bloomington, Illinois, State Farm employs over 67,000 staff and operates more than 17,000 agents across the U.S. and Canada. With annual revenues exceeding $64 billion, the company offers a wide range of insurance, mutual funds, and banking services. As a Fortune 500 entity, State Farm manages over 77 million policies.
To analyze premium rates, a 15-year-old single-family home valued at $250,000 and $400,000 was used. State Farm's quote for the $250,000 house was $864, just $28 above the average quote of $836, with competitors' quotes reaching up to $922 and $1067. For the $400,000 home, the estimated premium was $1,330, approximately $65 or 5% higher than the average of $1,265. These figures serve as examples; the State Farm online tools can provide more precise estimates tailored to your specific property and coverage needs.
