Since its inception in 1922, State Farm has provided insurance policies covering homes, automobiles, life, and much more. Now, for $25 per year, State Farm also covers the cost of identity restoration following identity theft. Since State Farm is not an identity theft protection company, the company does not offer preventative measures such as credit monitoring and alerts. Rather, the company provides insurance that covers the cost of restoring identity information.
State Farm's identity protection services cost $25 per year, which equates to just a little more than $2 per month. This protection covers identity fraud expense reimbursements, including the following:
State Farm's identity protection service is easy to add on to an existing State Farm policy.
State Farm only covers restoration after an identity theft event. This means that the company does not offer basic prevention services such as credit monitoring, internet scanning, and suspicious activity alerts.
State Farm's identity protection service is only available to its existing policyholders.