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At age 22, George J. Mecherle (pronounced Ma-herl)
started farming his own land near Bloomington, Ill. In
1901 he married Edith Mae Perry who joined him on his
farm. Within a few years, he was one of the leading
farmers in the area.
After they had farmed 20 years, Mrs. Mecherle's health
began to fail and the couple decided to move to
Bloomington. Unable to sit still, George Mecherle
accepted a job selling insurance for a small company. He
was successful as a salesman, but he didn't feel the
rates or the business practices of the company suited
the needs of farmers.
When he suggested a better way to sell insurance, his
employer laughed and said, "If you think you've got such
a good idea, why don't you start your own company?" So
he did.
Mecherle believed that farmers should pay less for
insurance because they drove less and had fewer losses
than folks living in cities. Using this idea, he started
State Farm in 1922 as a mutual automobile insurance
company owned by its policyholders.
By 1928, the decision was made to decentralize.
Employees from the Bloomington, Ill office -- along with
other employees hired in Berkeley, Cal -- established
the Company's' first branch office. This office provided
support for agents and brought service closer to the
customer.
The Berkeley office was the beginning of a tradition
that, as of today, has resulted in 25 operations centers
in 13 zones. State Farm has grown to include 79,200
employees and more than 16,700 agents servicing 71.6
million policies in the United States and Canada.
In just over 80 years, State Farm Insurance Companies®
has grown from a small farm mutual auto insurer to one
of the world's largest financial institutions. But
despite State Farm's growth, Mecherle's original
philosophy of insurance coverage at a fair price coupled
with fair claim settlement has remained. |
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State Farm's Financial
Ratings: |
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A.M.
Best
Standard & Poor's
Moody's |
A+ (Superior)
AA (Very Strong)
Aa2 (Excellent) |
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State Farm in the news...
General State Farm Correspondence (e-mail)
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