Accordia Life vs. State Farm: Top Life Insurance in 2024
In a comparison of Accordia Life vs. State Farm, it was a tie. Accordia Life offers more affordable rates than State Farm to men and women of various ages. State Farm is more well-reviewed by A.M. Best. Both companies offer several forms of life insurance coverage to choose from.
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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: Dec 4, 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: Dec 4, 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
- Accordia Life and Annuity Insurance Company offers more affordable rates than State Farm
- Accordia Life and State Farm both offer multiple forms of coverage
- State Farm is more well-reviewed by A.M. Best than Accordia Life and Annuity Company
There is no shortage of choices for life insurance companies. To simplify your comparison shopping, we’ll be focusing on Accordia Life vs. State Farm.
Our Accordia Life vs. State Farm Life Insurance Company review will cover pricing, forms of coverage, and company ratings.
Before we dive into our Accordia Life vs. State Farm Life Insurance review, type your ZIP code into our free and helpful tool above to find the most affordable life insurance quotes in your area.
Accordia Life vs. State Farm: Which company offers cheaper rates?
There are so many factors to analyze during a life insurance comparison that it’s best to start with the basics, like pricing.
Let’s look at a table that compares Accordia Life vs. State Farm life insurance rates for men and women of various ages.
| Age and Gender | Accordia Life Average Monthly Rates | State Farm Average Monthly Rates |
|---|---|---|
| Male Age: 30 | $16.91 | $24.59 |
| Male Age: 40 | $23.36 | $33.72 |
| Male Age: 50 | $56.07 | $69.59 |
| Female Age: 30 | $15.58 | $18.72 |
| Female Age: 40 | $20.69 | $28.49 |
| Female Age: 50 | $40.03 | $54.59 |
When comparing affordable Accordia Life vs. State Farm life insurance quotes, State Farm is the more expensive company no matter the insured’s age or gender.
Look at the rates for females in their 50s, for instance, where State Farm is over $14 more expensive per month than Accordia Life.
To review, if you’re trying to decide whether to buy Accordia Life vs. State Farm life insurance, you now have a reason to go with the former.
Let’s move on to forms of coverage and see if Accordia Life can strengthen its lead.
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What forms of coverage do these companies offer?
Not only are there many life insurance companies, but there are many forms of life insurance coverage as well. And not all life insurance companies offer the same forms of coverage.
Let’s take a look at a succinct and fun video that will shed light on the differences between various forms of coverage.
https://www.youtube.com/watch?v=sexhPD5UQis&t=3s
Accordia Life has a variety of options to choose from. First, there is level premium term insurance. This guarantees the policyholder their premiums will not rise.
There is also universal life insurance (UL) for those who need a guarantee of a death benefit but want to pay a minimum interest rate.
Lastly, there’s indexed universal life insurance (IUI). This form of coverage is different because the interest rate is dependent upon the movement of the stock market.
State Farm offers universal life insurance, term life insurance, and whole life insurance as well.
Whole life insurance builds a cash value that grows over time despite the premium remaining level.
Let’s wrap up with Accordia Life vs. State Farm Life Insurance Company reviews and see if Accordia Life can secure a win there.
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Accordia Life vs. State Farm: Which company is more well-reviewed?
Let’s take a look at ratings given to these two companies by A.M. Best. These are called Financial Strength Ratings (FSR) and they provide consumers with a level of confidence in an insurer’s ability to meet their needs.
Accordia Life received a rating of “A-” (Excellent), which is the second-highest of seven rating levels.
How did State Farm fare in comparison? It received a rating one notch higher of “A.”
In review, State Farm is more well-reviewed, while Accordia Life has more affordable rates. So, we can call it a tie between these two companies.
Don’t let your life insurance comparison stop with this Accordia Life vs. State Farm review, though. Type your ZIP code into our free and helpful tool below to find affordable life insurance rates in your area.
Frequently Asked Questions: Accordia Life vs. State Farm
What follows are a few questions that are commonly asked about these two companies.
#1 – How do I make an Accordia Life Insurance online payment?
You can make your payment through Accordia Life’s parent company, Global Atlantic.
#2 – What is the Accordia Life and Annuity Company payment address?
Insurance Services
PO Box 105234
Atlanta, GA 30348-5234
#3 – What is the number for the State Farm claims department?
The State Farm claims department can be reached at 800-732-5246.
#4 – Can I use my State Farm login on the app?
Yes, your State Farm login is needed to access your policy information.
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.