What is the difference between state farm mutual auto and state farm fire and casualty co?

Answer 1

State Farm Mutual and State Farm Fire (AKA Standard) are one of two State Farm Insurance Company programs that you can qualify into at the time of the application - Advantages of being in State Farm Mutual are:

* Good Driving Discounts

* Accident free discounts every 3, 6 and 10 years

* Possibility of earning a Guaranteed Renewable Policy (After 15+ years without claims)

* Significantly lower premiums

State Farm Fire is the non-preferred risk pool for State Farm - The least desirable risks are included in this program, you most likely got qualified into standard if this happened to you:

* Claims within the past 3 years regardless of fault

* Undesirable credit history

* Non US-licensed drivers

* Long lapse in insurance or no driving experience

State Farm Fire works on 1-to-3 star level; the lower the stars, the higher the premium. For example, if you lapsed for more than 30 days on your insurance, regardless of a stellar driving record and credit history, you will be qualified into Fire and will remain there for the next 3 years. There is NO Guaranteed Renewable Policy, Good Driving Discounts or Accident Free Discounts on this program.

The exact recipe for qualifying into Standard or Mutual is a very closely-guarded secret of computer algorithms; however, most people with a good credit history and good driving record qualify into State Farm Mutual without a hitch - about 5% of bound customers are Standard business.

If you have qualified Standard, you will remain there for 3 years.

Answer 2

What is the difference in eligibility for State Farm and State Farm mutual.