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If you are looking for one of the largest and most competitive name in the insurance market, the phrase is nearly synonymous with state farm business insurance rates. California residents, as well as those in New York, Florida, Texas and especially Illinois (in which the headquarters of State Farm is located) are well acquainted with the insurance giant, and go to State Farm for many of their business insurance needs…as well as many others.

State Farm originated not as a general business insurance company, but as a specialty auto insurance corporation in 1922 that specifically marketed toward American farmers. Because of the great distinction between rural and urban American life that still existed in the early part of this century, farmers were able to have their own unique market in the insurance industry because they drove much less and in less dangerous situations than urban drivers, which prompted founder George Mecherle to think that they should pay less for their insurance rates. The company has been booming since, and is now ranked 31 st in the Forbes Fortune 500.

State Farm includes a large number of different insurance companies, including Fire and Casualty, Life Insurance, Life and Accident Assurance, County Mutual Insurance of Texas, Indemnity/Guarantee, and the General Insurance Company, from which entrepreneurs are provided with State Farm Business Insurance rates (California provides the headquarters of this Insurance company).

The California-based company provides State Farm with a number of different insurance products, including but not limited to general insurance, business auto insurance, surety & fidelity bonds, specialty business liability, worker’s compensation, and insurance products for mobile and marine property.

State Farm is also a leader in a number of Financial produces, with options for business loans, business life insurance, retirement plans, business health insurance, and mutual funds.

This Business article was written by Mark Karavan on 12/21/2009