5 Best Building Insurance Companies Heading into 2024

4. State Farm Insurance

Annual Revenue (2022): $89.3 Billion

State Farm Insurance is one of the best building insurance companies heading into 2024. The company was founded in 1922 and is based in Illinois. It provides coverage for life insurance, home insurance, car insurance, and building insurance. Under its building insurance policy, the company provides coverage for rented or owned houses and property. The company compensates for repair and replacement costs of the building, structure, and personal belongings in case of damage. State Farm Insurance reported annual revenue worth $89.3 billion in 2022.