State Farm Insurance is a large group of mutual insurance companies with locations across the United States. Its corporate headquarters is located in Bloomington, Illinois. There are many different benefits to choosing this company. Rates are generally higher if you have made a claim in the past three to five years, and you’re likely to find some discounts for having younger drivers on your policy. You’ll also learn about discounts for having young drivers and coverage for rental cars.
Rates are higher if you’ve filed a claim within the past three to five years
If you have filed a claim within the past three to 5 years, your State Farm insurance rates will be higher than the rate you’d pay if you have not filed a claim. In order to receive an accurate estimate, call State Farm and explain the situation. If possible, call them in person to explain your circumstances. In some cases, special features on your home will also increase your insurance rates. These features may be costly and pose a higher liability risk to the insurer.
If you’ve filed a claim within the last three to five years with State Farm, you might want to consider other options. You can bundle other products from State Farm with your insurance to get a better deal. For example, if you’re a student, you can save up to 20% with State Farm’s Drive Safe & Save program. You can even get a higher discount if you’re a safe driver by joining State Farm’s Steer Clear(r) program.
Discounts for teen drivers
Teen drivers may qualify for discounts from State Farm insurance if they have attended driver’s education. Not all states allow the same discounts, however. You can check with your local agent to see if your teen qualifies for these discounts. Listed below are some of the more common discounts available. While most insurance companies offer a 10% student discount, State Farm offers a 25% discount for college graduates who have completed at least a two-year degree in any field. To receive the discount, you must provide a transcript showing at least a 3.0 GPA. Similarly, if your teen has completed the State Farm Driver Education course, you can save as much as 15% on your premiums.
Another way to reduce premiums for your teen driver is to enroll in a defensive driving class. This program can save your teen a significant amount on insurance. You can even take a virtual course with many insurers. For example, State Farm has a Steer Clear Discount for teenage drivers, which requires participants to complete the course on a smartphone app, record their trips and get feedback from older family members. Progressive has a Distant Student Discount, which requires your teen to be in school more than 100 miles away from home. These programs can greatly reduce your child’s risk of accidents.
Coverage for rental cars
If you plan to rent a car during your trip, you should make sure your policy covers it. If you do not have comprehensive insurance coverage, your State Farm policy may not cover the rental car. However, liability insurance will cover the other driver’s medical expenses and property damage in an accident. This coverage will not cover any damage to your rental car. Fortunately, you can purchase additional rental car coverage if necessary. Read on to find out more about this option.
Most rental car companies will offer minimum coverage to protect you against unforeseen expenses. However, you can choose full coverage. This way, if your rental car is in an accident, you won’t have to pay a high deductible. You can also turn down the rental car company’s insurance if you don’t want to have your policy covered. However, you must remember that State Farm insurance coverage for rental cars may have limits and exclusions that you aren’t willing to accept.
Uninsured and underinsured motorist coverage
State Farm’s Uninsured and Underinsured Motorist coverage pays for the medical costs and lost wages of a person involved in a car accident with another driver who does not have sufficient insurance. The coverage pays for the costs of the accident and is available only in certain states. In some cases, the insurer will cover your car damages, but you should make sure to check the limits on your policy.
Underinsured and uninsured motorist coverage pays for your medical expenses and car repairs if another driver has no or low insurance. Uninsured and underinsured motorist coverage is required by law in most states, though some only require the minimum amount of liability coverage. Despite its low value, it’s still essential to have it. State Farm offers this coverage in a comprehensive policy for drivers who want to protect themselves and their car.