Does State Farm Have a Loyalty Program?
Last Updated on March 21, 2024
Like most major American insurance companies, State Farm does not offer a loyalty program. Whether you’ve been with the company for one year or ten years, you’ll pay the same rates.
However, State Farm offers multi-policy discounts, safe driving discounts, and other perks that could help loyal drivers save money.
Keep reading to find out everything you need to know about State Farm’s loyalty program and other discounts.
Key Takeaways:
- State Farm doesn’t provide loyalty discounts based on the duration a customer has been with them, but offers various savings like multi-policy and safe driver discounts, which can indirectly benefit long-term customers.
- Customers can accrue benefits through State Farm’s multi-vehicle and multi-policy discounts by insuring multiple vehicles or holding various insurance policies with the company, despite these not being classified as loyalty discounts.
- Although State Farm lacks an official loyalty program for insurance customers, they offer a loyalty rewards points system through their credit card services, rewarding users with points that can be used for various benefits.
No, State Farm Doesn’t Have a Loyalty Program
State Farm does not officially offer any loyalty discounts to drivers.
Even if you’ve been with State Farm for 10+ years, you’ll officially pay the same rates as a new driver who just signed up with State Farm, all else being equal.
However, State Farm provides discounts similar to loyalty discounts, including:
If you have five years of safe driving history with State Farm, for example, then you could save hundreds per year on car insurance. It’s not technically a loyalty discount but helps loyal and safe drivers save money.
Overall, State Farm’s discounts can help you save 10% to 30% off your annual insurance premiums.
How State Farm’s Multi-Vehicle & Multi-Policy Discounts Work
The more vehicles and policies you have with State Farm, the more you can save.
Although not technically a loyalty discount, these discounts reward drivers who bring more business to State Farm. If you insure multiple vehicles with State Farm, for example, or have home and car insurance with State Farm, then you can save money.
You qualify for State Farm’s multi-vehicle or multi-policy discounts if you:
- Insure two or more vehicles with State Farm
- Have home insurance, car insurance, renters insurance, or other policies with State Farm
You could qualify for multi-policy discounts even if you live at the same address as another policyholder. Roommates, family members, and others living at the same address, for example, could receive a multi-policy discount and related perks.
How State Farm’s Safe Driver Discounts Work
State Farm offers safe driver discounts to drivers with three or more years of safe driving history.
Technically, you don’t need safe driving history with State Farm to qualify for this discount. Instead, State Farm checks your driving record. Whether you’ve been insured with State Farm or another insurer, you qualify for the safe driving discount if you have multiple years of accident-free, claim-free, or incident-free driving.
The longer you go without an incident, the more you can save. Drivers who have no accidents, speeding tickets, citations, claims, or other violations with State Farm for five years or longer, for example, could save up to 50% on car insurance.
Although not technically a loyalty discount, State Farm’s safe driver discount could help you save money as an incident-free driver.
Loyal State Farm Customers Could Receive Other Perks
State Farm doesn’t have an official loyalty program. However, loyal State Farm customers could receive other perks.
When you contact State Farm, State Farm can see how long you’ve been a customer. State Farm could reward your loyalty with better customer service or promotional offers.
If you’ve been a loyal State Farm customer for 20+ years, for example, then you could receive better perks than someone who has only been a State Farm customer for one year. State Farm may be willing to do more to keep you as a client – including temporary discounts and other perks.
However, State Farm does not officially offer any type of loyalty program. Per company policy, drivers with 20+ years of experience with State Farm are treated the same as drivers with one year of experience.
How State Farm Loyalty Rewards Points Work
State Farm does not offer an official loyalty program for its auto or home insurance customers. However, the company offers a loyalty rewards points program through its credit cards.
State Farm offers several credit cards through a partnership with US Bank. Most State Farm credit cards use loyalty points to reward loyal cardholders.
Available State Farm credit cards include:
- State Farm Rewards Visa Credit Card
- State Farm Rewards Visa Signature Credit Card
- State Farm Good Neighbor Visa Card
- State Farm Premier Cash Rewards Visa Signature Card
- State Farm Cash Rewards Secured Visa Credit Card
The more you use these credit cards, the more loyalty points you earn.
Cards typically offer 1% to 2% cashback, for example, along with up to 3% cashback on insurance premium payments. Cardholders also receive perks like roadside assistance, GPS services, identity theft protection, and more.
Final Word
State Farm does not offer any official loyalty program. Even if you’ve been with State Farm for 20 years, you’ll pay the same rates as a driver who has been with the company for 20 minutes, all else being equal.
However, State Farm does offer safe driving discounts, multi-policy discounts, and multi-vehicle discounts – all of which can reward safe drivers who bring more business to State Farm.
State Farm also offers loyalty points through its credit cards – including the State Farm Rewards Visa Credit Card and State Farm Rewards Visa Signature Credit Card.
