If you are looking for insurance you might come across Farmers Insurance and State Farm Insurance. That might lead to some confusion. After taking a closer look at the two companies, you will find many similarities, as well as a few differences.
Founding of a Company
Farmers Insurance was founded in 1928. State Farm Insurance was founded in 1922.
The home office for Farmers Insurance is in Agoura Hills, California. The home office for State Farm is in Bloomington, Illinois.
Farmers Insurance sells auto, home, life, motorcycle, recreational, financial and business insurance policies. State Farm sells auto, homeowners, condo owners, renters, life and annuities, health, disability, long term care, business, boat, farmer and ranch, flood, motorcycle, personal and community organization insurance.
Farmers Insurance has agents in 42 states in the United States. State Farm has agents in all 52 states in the U.S., as well as three provinces in Canada.
Types of Business
Farmers Insurance only sells insurance. State Farm sells insurance, mutual funds and also offers banking services.