What is The State Farm Payment Plan?

We use State Farm for all of these insurances due to our positive claim experiences in the past and their multi-line discount. When I asked about payment options, they told me about the State Farm Payment Plan (SFPP). I’m sure that most other major insurers have a similar program.

A State Farm Payment Plan makes paying your insurance bill easier, and more convenient, so you can concentrate on other things in your life.

Combine multiple State Farm policies on a single bill

Select your own payment due date, from the 1st to the 28th

Smaller, monthly payments instead of a much larger payment once or twice per year

Enjoy the benefits of Automatic Payments, Bill Reminders, and Paperless Billing for even more convenience and flexibility

Choose Automated Payments

With a State Farm Payment Plan, you can choose to never miss a payment by having your premium payment automatically deducted from your bank account or credit/debit card.

  • Your premium payment will automatically be deducted each billing cycle
  • Simplify your life with no more checks or stamps
  • You no longer need to worry about remembering to submit a payment on-time because we’ll apply your payment on your selected due date
  • Keeping your personal and financial information safe and secure is our top priority

Receive Bill Pay Reminder Notifications

Already have a State Farm Payment Plan? Set email reminders that help keep you in the loop. By enrolling in reminders from your online account, you will receive a helpful email when:

  • Your bill due date is five days away and you haven’t scheduled or made a payment
  • Your bill is past the due date and still needs to be paid
  • Your automatic payment was declined



Steady monthly bill. With this plan, all your insurance bills get averaged into equal monthly, quarterly, or semi-annual payments. We chose monthly as that is how we visualize our spending.

Float. Let’s say your total bill is usually $1,200 once a year. If your policy is renewing today, then instead of paying $1,200 upfront now, with SFPP you pay $100 per month spaced out over the next 12 months. So you’re gaining some additional float time on your money. If you’re already paid up then you have to wait until renewal to start an SFPP.

Pay with credit card. You can use a credit to pay most bills already, but some auto-pay plans require a linked checking account. SFPP allows you to pay with a recurring charge on any Visa/Mastercard (no American Express). This is good news for those earning credit card rewards.

Chose payment due date. I don’t use this, but if you find it convenient you can select your specific payment due date each month (any day except 29th, 30th, or 31st).


Fees. At least in my area, SFPP costs $1 per month for a monthly payment plan. If your bill is large enough, then the free float that you’re getting may offset this $12 a year (even with today’s piddly interest rates, assuming you use a high-yield savings account). However, even without the float, a dollar a month may be worth it to you in exchange for simpler budgeting.

Must sign-up for automatic payments. This could be a pro for some people, but I know that others like to keep complete control when paying bills. If you wanted to cancel the auto-pay, it may not happen immediately and you may have to wait an extra month.

Possible confusion. When you cancel one policy and keep others, mixing all the payments together in this manner can make the refund math a bit confusing.

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