State Farm began as a mutual auto insurance company that was owned and operated by its policyholders — farmers, primarily. Over time, it branched out from its Midwestern roots to become an internationally-known company. After over 90 years of doing business, State Farm has grown into a Fortune 500 company, though it has managed to stay true to one element from its past: it still houses its head offices in Bloomington, IL.
State Farm no longer operates in Canada.
State Farm conducted business in Canada for decades and provided coverage in Alberta, Ontario, and New Brunswick. In 2015, its Canadian book of business was purchased by the Desjardins Group, making the State Farm brand officially defunct in Canada.
State Farm policyholders will get to keep their agent, though they are now captive agents for Desjardins. In addition, claims should now be filed through the Desjardins website. According to the company, customers should not see “any changes to the look and feel of [their] policies in the short term.” All policies are now underwritten by Certas Home and Auto Insurance Company or Desjardins Financial Security Life Assurance Company.
The acquisition also included State Farm's mutual fund, loan, and living benefits companies, making Desjardins Group the third-largest property and casualty insurance provider in Canada.
State Farm Canada offered all mandatory and non-mandatory insurance policies. By law, drivers in Alberta, Ontario, and New Brunswick must purchase liability and accident insurance. Direct Compensation-Property Damage (DC-PD) coverage is mandatory in the latter two provinces, but not in Alberta. Collision coverage, comprehensive coverage, and uninsured motor vehicle coverage are available for those looking to add on to the basics.
State Farm went well beyond the basic range of home and auto coverage for insurance and could satisfy other finance-related needs as well.