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State Farm Insurance began in 1922 and is currently headquartered in Bloomington, Illinois. The company is made up of 17,000 agents, 391 claims offices and 24 operation centers. With over 68,000 employees in the United States and Canada, State Farm Insurance has been the largest United States auto insurance companies since 1942. The company is number 31 on the Fortune 500 list and is listed on the Fortune Global 500 as the world’s largest property and casualty insurance company. State Farm/Canada was named as the Greater Toronto Area’s Top Employer by MediaCorp Canada Inc.
State Farm Insurance began by selling auto insurance to farmers. The company’s view at the time was that farmers drove less, in less traffic and never in the winter and therefore should be entitled to lower auto insurance rates than those in the cities who had to contend with other drivers, more frequently with longer commutes and winter driving conditions. The company expanded to include home, life, annuities, health, disability, long-term care, business, boat and banking and financial services over the years of their very long history.
The company is famous for sponsoring many sporting and community events, including several that are nationally televised. They are also famous for developing and implementing several programs like the Better Teen driving program, a nationwide training program meant to make teen drivers safer, more aware and more responsible drivers.
State Farm Insurance has 77 million policies in effect, 1.9 million bank accounts and insures over 40 million vehicles in 46 states.
The famous “Like a good neighbor” jingle was written for State Farm Insurance by songwriter/singer Barry Manilow in 1971 and continues to be part of ad campaigns to this day.