State Farm embarked on its journey of good, neighborly business when it opened in 1922 as an automobile insurance company. The company has been the top automobile insurer since 1942, and has expanded its experience and reach into coverage for homeowner’s and new home insurance, life insurance, business insurance, and even health and disability insurance. Their homeowner’s insurance typically covers damage and loss due to events such as lightening, windstorms, freezing and theft; supplemental insurance is available for floods, home-based businesses, identity theft and high-value property. Discounts are offered for home improvements such as security devices, fire-prevention systems like sprinklers, and even the use of certain building materials. The company has been lauded for its comprehensive, inclusive employment practices, and its “good neighbor” policy of engagement at the community level in every region in which it holds offices.
Quick State Farm Facts
CEO: Edward B. Rust Jr.
Corporate Headquarters: One State Farm Plaza, Bloomington, IL 61710
# of Employees: 66,000