American Amicable vs. State Farm: Best Life Insurance Company in 2021

When comparing American Amicable vs. State Farm life insurance, the rates and ratings are both in favor of State Farm. American Amicable and State Farm financial strength ratings are both good, with State Farm holding the superior A.M. Best rating. The most affordable American Amicable vs. State Farm option is generally American Amicable's burial insurance.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: May 26, 2021

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Quick Facts

  • The American Amicable vs. State Farm insurance rate comparison comes out slightly in favor of State Farm
  • State Farm has excellent financial strength and customer satisfaction ratings, while American Amicable has few ratings to compare
  • American Amicable offers burial insurance for those looking for cheap life insurance

Some people feel most comfortable dealing with a big-name insurance company, while others like the personal touch you often get with a smaller business. If you’re not sure which is right for you, this American Amicable vs. State Farm comparison should help.

We’ll guide you through each company’s rates, ratings, reviews, and more. Not sure if you need whole life, burial insurance, or term life insurance quotes? This review can help you to decide.

Read on to learn more about American Amicable vs. State Farm. Use our free quote tool above to see affordable life insurance quotes available in your area.

American Amicable vs. State Farm: Which is the best life insurance company?

American Amicable and State Farm are both notable life insurance providers. For those looking to compare American Amicable vs. State Farm life insurance, keep in mind that State Farm offers quite a few more insurance products than American Amicable.

American Amicable has been a staple in Waco, Texas for many years, while State Farm has grown to be one of the most reputable insurance providers nationwide.

Larger companies aren’t always the best insurance providers. Is State Farm life insurance good? Keep reading.

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American Amicable vs. State Farm: Which company has cheaper life insurance?

With so many competitive life insurance companies, you want to be sure you get the best life insurance rates. So, which is cheaper when comparing American Amicable vs. State Farm life insurance rates?

Sample American Amicable Life Insurance Average Monthly Rates by Age, Gender, and Coverage
Age $100,000: 20-Year Term Average Monthly Rates (Male)$100,000: 20-Year Term Average Monthly Rates (Female)$250,000: 20-Year Term Average Monthly Rates (Male)$250,000: 20-Year Term Average Monthly Rates (Female)
25$14.67$11.88$25.65$17.78
35$15.57$13.41$29.25$23.85
45$27.99$21.06$59.85$42.98
55$57.51$38.61$132.75$84.83
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American Amicable offers term life insurance policies of varying term lengths and coverage amounts. The American Amicable life insurance rates are cheaper for females, younger adults, and for short-term policies based on monthly rates starting at just over $10/month.

Sample State Farm Life Insurance Average Monthly Rates by Age, Gender, and Coverage
Age $100,000: 20-Year Term Average Monthly Rates (Male)$100,000: 20-Year Term Average Monthly Rates (Female)$250,000: 20-Year Term Average Monthly Rates (Male)$250,000: 20-Year Term Average Monthly Rates (Female)
25$14.53$12.70$23.27$18.72
35$17.57$15.40$26.09$22.19
45$26.54$22.97$45.47$37.42
55$50.98$38.11$105.72$78.97
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State Farm’s life insurance rates follow similar trends since there are general standards to how life insurance pricing works. Though rates from State Farm are comparable, short-term policies start closer to $15/month.

Average American Amicable vs. State Farm Monthly Life Insurance Rates by Age, Gender, and Term Length for $250,000
Age and Gender10-Year Term (American Amicable) Average Monthly Rates10-Year Term (State Farm) Average Monthly Rates20-Year Term (American Amicable) Average Monthly Rates20-Year Term (State Farm) Average Monthly Rates30-Year Term (American Amicable) Average Monthly Rates30-Year Term (State Farm) Average Monthly Rates
25 - Male$22.50$20.02$25.65$23.27$31.50$31.12
25 - Female$16.43$17.62$17.78$18.72$22.95$23.07
35 - Male$22.73$21.74$29.25$26.09$39.15$39.37
35 - Female$19.13$19.37$23.85$22.19$31.05$30.02
45 - Male$37.80$30.44$59.85$45.47$80.78$81.99
45 - Female$28.35$28.72$42.98$37.42$63.00$55.89
55 - Male$78.30$67.22$132.75$105.72$183.38N/A
55 - Female $54.00$50.02$84.83$78.97$137.48N/A
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When comparing sample American Amicable vs. State Farm life insurance quotes, you’ll notice that State Farm tends to be slightly cheaper. Young women can expect to pay nearly the same for life insurance with either company.

For males, State Farm appears to offer cheaper rates consistently. The difference in price between the two companies increases as men age. State Farm is almost undoubtedly the cheaper life insurance option for men age 45 and older, regardless of policy length or coverage amount.

Price is an important factor when considering life insurance companies, but so is the customer experience.

American Amicable vs. State Farm: What insurance company has the best reviews?

Based on the American Amicable vs. State Farm life insurance company rate comparison above, you can see that your life insurance premium will depend on your age and gender. But what about customer service?

Ratings Comparison for American Amicable vs. State Farm
Ratings AgencyAmerican Amicable RatingState Farm Rating
A.M. BestA-A++
Better Business Bureau (BBB)A+NR
Fitch's RatingsN/AN/A
J.D. PowerN/A838
Moody'sN/AAa1
Standard & Poor's (S&P)N/AAA
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It’s challenging to make assumptions about the customer experience with these two companies since the top rating agencies have yet to rate American Amicable.

With the information available, it does appear that State Farm is superior to American Amicable for financial strength, according to A.M. Best.

State Farm also boasts the highest customer satisfaction rating on the 2020 U.S. Life Insurance study conducted by J.D. Power. In short, State Farm is likely the superior company for customer service.

The study conducted by J.D. Power suggests that the State Farm claims department offers a smooth and positive customer experience. It likely helps that a State Farm claim can be handled using your State Farm login via the website or mobile app.

American Amicable claims, as is the case with many other life insurers, are handled via mail once you complete the appropriate forms. You can likely call the American Amicable phone number to get answers to questions about claims.

American Amicable vs. State Farm: What products are offered?

Thus far, State Farm has proven superior for life insurance rates and ratings. Before you decide to pursue State Farm over American Amicable, let’s take a look at other potential products.

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State Farm and American Amicable both offer term life insurance, universal life insurance, and whole life insurance. State Farm offers many other insurance products unrelated to life insurance including:

  • Homeowners
  • Liability
  • Health
  • Auto
  • Disability
  • Pet

If you’re looking to bundle your insurance products into one bill, State Farm could be a smart option. Even so, you won’t be offered any discount on your life insurance for bundling policies.

American Amicable final expense insurance is another available product for those looking for cheap life insurance. Final expense insurance is often referred to as burial or funeral insurance.

Which type of life insurance is best? This depends on your needs. Those who simply don’t want to burden others with the expenses of a funeral can purchase final expense or funeral insurance. For those that have many outstanding debts, term life insurance might be a better option.

Who has the best funeral insurance? This is another tricky question because of the different variables associated with burial insurance. Before you buy, take the time to thoroughly research final expense insurance options.

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American Amicable vs. State Farm: What are the pros and cons?

Finding the best life insurance policy is important for you as the policyholder and your beneficiaries. You want to save money on your policy while reducing hassle for your loved ones.

We’ve covered a lot of information about American Amicable and State Farm life insurance. Let’s review the main points.

Pros

  • Strong financial ratings (State Farm)
  • Reasonable rates (both companies – edge to State Farm)
  • Cheap burial insurance (American Amicable)
  • Strong customer satisfaction (State Farm)

Cons

  • More expensive than average (both companies)
  • Few financial strength ratings (American Amicable)
  • No mobile app (American Amicable)

In this case, choosing between American Amicable vs. State Farm shouldn’t be very challenging. State Farm appears to be consistently stronger unless you’re seeking burial insurance.

American Amicable vs. State Farm: The Bottom Line

Large insurance companies aren’t always the best insurance providers, but State Farm life insurance does seem to be cheaper while also offering better customer satisfaction than American Amicable.

Hopefully, this comparison helps you decide whether to buy American Amicable vs. State Farm life insurance. Get personalized quotes from multiple top life insurance providers using our free quote tool below.

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