Haven Life vs. State Farm: Top Life Insurance in 2024
In a comparison of Haven Life vs. State Farm life insurance companies, it was a landslide victory for State Farm. Looking at Haven Life and State Farm life insurance rates shows State Farm offers more affordable rates, on average, to men and women of various ages than Haven Life. Both Haven Life and State Farm hold the highest rating given by A.M. Best.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- State Farm offers more affordable life insurance rates to men of various ages than Haven Life
- State Farm also offers more affordable life insurance rates to women of various ages than Haven Life
- A.M. Best gave its highest rating to both Haven Life and State Farm
Part of what makes comparing life insurance companies difficult is the sheer number of options on the market. To simplify matters, we will be focusing on Haven Life vs. State Farm life insurance today.
Our State Farm and Haven Life insurance review will cover the prices offered by these companies to men and women of various ages. Also, Haven Life and State Farm A.M. Best ratings will be taken into account.
Before we dive into our Haven Life vs. State Farm life insurance comparison, type your ZIP code into our free and helpful tool above to find the most affordable life insurance quotes in your area.
Haven Life vs. State Farm: Which company offers more affordable term life insurance rates to men?
The simplest place to start when comparing two companies is pricing. If you’re looking to obtain coverage without breaking the bank, term life insurance is almost certainly the route to take.
Term life insurance guarantees a death benefit should the insured pass away during the established term. Upon the expiration of the term, the policyholder has the choice of renewal or conversion.
Should they choose to convert the policy to whole (permanent) life insurance coverage, they will be entitled to more benefits but higher premiums.
Let’s look at a table that compares Haven Life vs. State Farm monthly term life insurance rates for men.
Haven Life vs. Others: Term Life Average Monthly Rates for Males
| Company | 30-Year-Old Male Average Monthly Rates | 40-Year-Old Male Average Monthly Rates | 50-Year-Old Male Average Monthly Rates | 60-Year-Old Male Average Monthly Rates |
|---|---|---|---|---|
| Securian Financial | $8.81 | $11.04 | $22.17 | N/A |
| SBLI | $11.80 | $14.53 | $31.88 | $75.61 |
| Lincoln | $12.34 | $15.22 | $30.96 | $71.95 |
| Transamerica | $12.47 | $18.71 | $37.41 | $86.86 |
| Sagicor | $12.60 | $17.07 | $43.59 | $103.05 |
| Principal | $12.69 | $15.80 | $31.15 | $71.97 |
| Nassau Life | $17.43 | $26.15 | $51.69 | $119.78 |
| Prudential | $21.88 | $25.60 | $38.07 | $79.41 |
| Haven Life | $23.45 | $31.20 | $85.47 | $245.67 |
| State Farm | $24.59 | $33.72 | $69.59 | N/A |
How easy is it to find affordable Haven Life vs. State Farm life insurance quotes? As you can see, men in their 30s pay a little over $1 more per month with State Farm.
How about men in their 40s? Men in their 40s pay $2 more per month with State Farm. Men in their 50s, however, pay less with State Farm. For this category, State Farm is nearly $16 cheaper per month than Haven Life.
In short, it was relatively close, but State Farm’s significant win for men in their 50s puts it in the lead for our comparison.
Let’s move on to the next section of our Haven Life vs. State Farm life insurance review where we’ll analyze the prices offered to women of various ages.
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Haven Life vs. State Farm:Which company offers more affordable rates to women?
Let’s now take a look at a table that compares Haven Life vs. State Farm life insurance rates for women.
Haven Life vs. Others: Term Life Average Monthly Rates for Females
| Company | 30 -Year-Old Average Monthly Rates | 40-Year-Old Average Monthly Rates | 50-Year-Old Average Monthly Rates | 60-Year-Old Average Monthly Rates |
|---|---|---|---|---|
| Haven Life | $20.01 | $27.76 | $68.24 | $160.40 |
| Nassau Life | $16.14 | $22.52 | $42.11 | $89.06 |
| Principal | $11.27 | $14.39 | $25.94 | $51.41 |
| Prudential | $17.72 | $21.22 | $37.63 | $59.07 |
| Sagicor | $10.95 | $15.10 | $36.75 | $63.78 |
| SBLI | $10.38 | $13.08 | $26.72 | $53.85 |
| Securian Financial | $8.21 | $9.83 | $17.31 | N/A |
| State Farm | $18.72 | $28.49 | $54.59 | N/A |
| Transamerica | $11.18 | $16.34 | $29.89 | $71.81 |
Is State Farm cheaper for women as well? Like the rates offered to men, State Farm’s rates for women are cheaper overall than Haven Life’s.
For women in their 30s, Haven Life is just over $1 more expensive per month. For women in their 40s, State Farm becomes the more expensive company again but it’s by less than $1.
How about women in their 50s? In this age range, State Farm is nearly $14 cheaper per month than Haven Life. In short, on average, State Farm is the more affordable company for women seeking term life insurance coverage.
However, should you still be considering Haven Life, here is a look a its term life coverage in greater detail. It’s worth being aware of the level-premium periods (and the corresponding age ranges) and benefits.
Coverage Outline for Haven Life
| Issue Ages: | 18-65 |
| Level-Premium Periods: | U.S. Citizens ages 18 to 49: 10, 15, 20 and 30 years U.S. Citizens ages 50 to 65: 10, 15, and 20 years |
| Death Benefit Amounts: | $25,000 - $500,000 |
| Health Classes: | Standard Non-Tobacco User Standard Tobacco User |
| Riders: | Accelerated Death Benefit (Included) |
| Convertible: | None |
| Renewable: | Yes |
| Availability by State: | Available in 44 states plus the District of Columbia. Currently not available in California, Florida, New York, North Dakota, South Dakota, and Delaware |
| Policy Information: | Haven Term Simplified is a Simplified Issue Term Life Insurance Policy (ICC19PCM-SI 0819 in certain states, including NC) issued by C.M. Life Insurance Agency, LLC. Policy and rider form numbers and features may vary by state and may not be available in all states. |
Now we know State Farm is the cheaper company overall. Let’s wrap up with State Farm and Haven Life insurance reviews from A.M. Best.
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Haven Life vs. State Farm: Which company is more well-reviewed?
To wrap up, let’s look at the ratings given to these two companies by A.M. Best. These Financial Strength Ratings (FSR) can give you confidence in an insurer’s ability to meet its financial obligations.
Haven Life received a rating of “A++” (Superior), which is the highest rating given by A.M. Best.
What rating did A.M. Best give State Farm? As it turns out, State Farm also received A.M. Best’s highest rating of “A++.”
In conclusion, our Haven Life vs. State Farm comparison has shown us that State Farm offers more affordable rates on average and the two companies hold identical, sterling A.M. Best ratings.
We hope you have learned all you needed to decide whether to buy Haven Life vs. State Farm life insurance. Type your ZIP code into our free and helpful tool below for quotes in your area.
Frequently Asked Questions: Haven Life vs. State Farm
What follows are a few questions that are commonly asked in regards to Haven Life and State Farm life insurance companies. Reading them and this State Farm company review should help you feel more confident in your decision.
#1 – Where can I find a Haven Life Insurance calculator?
Haven Life has a tool on its webpage that can help potential insured calculate the rates they would be paying given their particular circumstances.
#2 – Where is the State Farm headquarters located?
State Farm’s headquarters is in Bloomington, Illinois.
#3 – How can I find a State Farm near me?
You can find brick and mortar agent locations via the State Farm website.
#4 – What is the State Farm claims phone number?
The State Farm claims department can be reached at (800) 782-8332.
#5 – How can I make a State Farm payment?
You can pay over the phone, online, or via the State Farm app. However, if you pay online, you won’t even have to log in. You can just enter your phone number, policy number, and account number.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.