His estimated net worth is roughly around $2,000,000. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. Heres the three-step process to getting started with Steer Clear, according to State Farm: Step 1) Talk to your State Farm agent to find out if youre eligible for the discount. . State Farms Steer Clear is an auto insurance discount available to teen and young adult drivers. The depreciation is calculated by applying the vehicle's depreciation rate (average, high or low) and then adding the number of years you anticipate owning the vehicle. I agree to receive the Forbes Advisor newsletter via e-mail. Something went wrong. That breaks down into being around $28 an hour. State Farm Drive Safe & Save Review - ValuePenguin Since then, Jake has become a popular figure in the advertising world and has appeared in numerous commercials for State Farm. State Farm knew this when they decided to expand the marketing campaign with the character of Jake. We wont send you spam. However, its important to note that this is only an estimate and that Kevin Mimms actual net worth may be higher or lower than this figure. You can also call State Farm at 800-SF-CLAIM (800-732-5246). What does Jake from State Farm do? State Farm's return of premium term life . Most home/renters insurance complaints center on claims, including unsatisfactory settlements, delays and handling of the claim. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. While Kevin Mimms may have replaced the original Jake, some fans are wondering what became of Jake Stone. William Butterworth is a professional writer of both compelling content copy and fiction. Kevin Mimms was the right choice for them because hes eloquent. A lover of books, tea, and 1800s fashion, he often feels a small step out of place amid modernity. Please use a new browser like Chrome, Firefox, Safari or Microsoft Edge to improve your experience. As such, the company knew it needed to pursue this brand of marketing to reach more people and bring them into the company. The information is not intended to replace manuals, instructions or information provided by a manufacturer or the advice of a qualified professional, or to affect coverage under any applicable insurance policy. Acting is not something Kevin Mimms heard of when he was already grown. Step 2) Download the Steer Clear app. Both Apple and Android users have largely positive reviews for the State Farm Drive Safe and Save mobile app. The app helps you become a safer driver, rewarding you with lower insurance premiums. There isnt a definite figure of the salary he earns as an actor, but its believed that he pockets around $1 million annually as Jake from State Farm. His ability to meekly reply to what he was wearing was a hit for the company and viewers. Keep reading to discover everything you need to know about Steer Clear from State Farm. Fast forward to 2004, he graduated from high school and, without hesitation, joined Chicago Academy for the Arts. He later graduated from Webster University in 2012 but was very green on where to start in his career. State Farm's auto insurance business had an underwriting gain of $3.5 billion, but the company gave back $1.9 billion in dividends to policy holders because of pandemic-related drops in driving. After a loss (for example, a collision, vehicle fire or flood damage), there are a few reasons an insurance company may declare your vehicle a total loss. But just how much does Jake from State Farm make? Maryland Survey Data from Quick Stats as of: Jul/04/2023. As such, many people are curious about how much money he has earned from his work as a commercial actor. You can record the driving hours for each trip. Jake from State Farm first became popular in 2011 when he appeared in a State Farm commercial during the Super Bowl. You must meet certain qualifications to sign up for the Steer Clear program, including: If you meet all of the above qualifications, then you can save 15% by signing up for Steer Clear. Get the news that matters from one of the leading news sites in Kenya, Nairobi Mother Sells Vegetables to Raise Hospital Money for Daughter with 2 Kidney Failures: "Inaniuma Sana", President-toppling Sri Lanka activist girds for new revolt, A year after Sri Lanka unrest, Slave Island hungers, Kenyan Who Earns KSh 27k Breaks Down Her Bills: I Live on Debts", Musk predicts Tesla self-driving cars 'later this year', Alex Kompo: Former Siesta Key star's life and latest updates, Best Telegram channels for movies and TV series in 2023, Who is David Goggins wife? A study by Standard Research Consultants2 showed that in 74 tax cases, the most frequently used factors were: Earnings will typically have more importance in companies selling products and services, whereas net worth will be more important in real estate holding companies. The problem is that this makes it even more difficult for new actors to break into the business. How Much Does Jake From State Farm Make? (Updated 2023) - The Cold Wire Hes also pretty active on social media, particularly Instagram, where he makes throwbacks to State Farm now and then. State Farm needed a professional actor to be able to handle working next to celebrities. If the audience cant hear or understand you, then the commercial isnt going to be successful. We may collect personal information from you for business, marketing, and commercial purposes. State Farm does not warrant the merchantability, fitness, or quality of the third party products referenced in this material. (2023 Updated), Does Sam's Club Have Curbside Pickup? You also can link to additional information and data sources. Replacement cost coverage: Consider adding this option to a State Farm renters insurance policy. State Farm makes no guarantees of results from use of this information. He holds a bachelor's degree from Bentley University and his work has been quoted by NBC News, CNN, and The Washington Post. Hes an influencer and even performs some of his Jake from State Farm bits on Twitter and Zoom. In 2019, Kevin Mimms became Jake from State Farm after replacing Jake Stone, originally Jake from State Farm. He has never mentioned his parents' or siblings' names. Based on assets minus liabilities - to show liquidity position. There are several big-name celebrities today who started in humble roles in TV ads. While the characters origins lie in a single commercial, his likable personality and iconic outfit have helped him to become a cultural phenomenon. State Farm Drive Safe and Save review (2023) | TIME Stamped Young drivers are the riskiest drivers to insure. Complaints (20% of score): We used complaints about home insurance (which includes renters insurance) upheld by state insurance departments. He has worked with various companies, from startups to global corporations, for their commercial advertisements. His place of birth is Chicago, Illinois making him an American citizen. Goodwill is based on earning capacity. Although Jake Stone no longer works at State Farm, the company will likely always have a special place in his heart. Nationally Significant agricultural land is the land best-suited to long-term, intensive crop production within the Conterminous United States;and each states best land is approximately the better half of all agricultural land in each state. Mimms has the sort of face that generates trust and positive feelings. 1,551,700. The core of the Steer Clear program consists of the course training modules. On the Apple app store, the Steer Clear app has an average rating of 4.7 stars out of 5 and 23,700+ customer reviews. The characters friendly demeanor, helpful attitude, and memorable outfit helped to make him a fan favorite and a staple of State Farms advertising campaigns. Kevins passion for acting comes from his childhood love for actors in TV shows and background in fine arts. The net worth for State Farm Mutual Automobile Insurance Company ended the year at $143.2 billion compared with $126.1 billion at year-end 2020. Mimms has earned between $10,000 and $15,000 for his ads. Here are some celebrities who started in commercials. If the movie features someone like Leonardo DiCaprio, Robert Downey, Jr., Meryl Streep, or Gal Gadot, then they can count on certain fans showing up to support them. Check your inbox to be the first to know the hottest news. A common misunderstanding is that they thought State Farm was replacing an actor. discount on their State Farm car insurance, you pay higher premiums than most other drivers, How to Write a Car Insurance Cancellation Letter. However, its important to note that the net worth of TV commercial actors varies greatly, depending on factors such as the length of their careers, the popularity of the products they endorse, and the overall success of their acting careers. Kevin Mimms is an American actor who is best known for his role as Jake from State Farm. One of the reasons they needed to replace Jake with a professional actor is the celebrity coworkers the actor would sometimes need to work with. How much does State Farm car insurance cost? There is little to no information about Kevin Mimms nuclear family. Kevin Mimms joined the team and took over the role of Jake, including reshooting the famous Jake from State Farm scene. Modules cover several driver safety topics, including everything from distracted driving to driving in bad weather. 61-70. Hes the one delivering the lines in a way that he knows will be popular. 1 minute read What happens if your car is totaled? 4.2/5. To better understand why they replaced the character of Jake from State Farm, here are a few key factors. Choosing the best retirement plan for your small business is important to hiring and keeping the right associates. However, its worth noting that Jake from State Farm is a relatively new character in the advertising world, and his popularity is still growing. Full-coverage car insurance from State Farm averages $1,481 per year or $123 per month, which is 14% cheaper than the national average. January 18, 2022 1 minute read Calculate your vehicle depreciation Determine how your vehicle's value will change over the time you own it using this tool. Jake from State Farm became a viral success before a time when going viral was a big deal. While Jake from State Farm may be the most well-known character in State Farms commercial lineup, hes not the only one. A so-called "heat dome" has settled over the state, meaning an area of high . He was later admitted to Webster University and, while here, began his career in the arts industry. The Forbes Advisor editorial team is independent and objective. Business Valuation | State Farm In terms of the revenue generated by State Farms advertising campaigns featuring Jake from State Farm, its difficult to estimate a precise figure. Do Not Sell or Share My Personal Information (CA residents only). This coverage pays for expenses if you are the victim of cyber crime. He had a special place in peoples hearts, but if they wanted to do more with the character, then they knew they needed to bring in a pretty face. He ended up winning an in-company competition to star in the commercial. About State Farm State Farm Review State Availability Coverage Options Additional Coverages State Farm Cost Insurance Discounts How To Buy State Farm Insurance How To File an. Keep up with the latest trending news in sports with our daily newsletter. However, its possible to estimate Jakes net worth based on the salary of the actor who plays him, as well as the revenue generated by State Farms advertising campaigns featuring the character. As an influencer, he understands what works and doesnt work on social media. All Rights Reserved. Talk to your auto insurance company or, if you have State Farm auto insurance, speak with your agent or claim representative to see whether state regulations allow you to keep your vehicle. If you qualify for Steer Clear, then you could save up to 15% on car insurance. James Shaffer is a writer for InsurancePanda.com and a well-seasoned auto insurance industry veteran. As a young driver, you pay higher premiums than most other drivers. This is a significant sum, especially considering that Jakes appearances are limited to commercials. Royal Farms Gas Prices: Everything You Need To Know He wanted to focus on his other job of bartending. A lot of actors have dreams of living in LA or Hollywood and walking down the red carpet. (2023 Updated), Why Is Chilean Sea Bass So Expensive? State Farms Steer Clear is an auto insurance discount and mobile app. What is a sole proprietorship, an LLC and other small business types and which one is best for you? State Farm makes no guarantees of results from use of this information. This figure is based on his reported salary of $150,000 per year, which he earns for his role as Jake in State Farm commercials. State Farm Life Insurance Review - Investopedia When it comes to other TV commercial actors, Jake from State Farms net worth is also quite impressive. Although a 15% discount may not seem substantial, it could help you save hundreds per year on car insurance. While the exact salary of Kevin Miles, the actor who portrays Jake, has not been disclosed, it is estimated that he makes between $200,000 to $500,000 per year for his work with State Farm. There is no exact mathematical formula. Renters dont have many discounts available to help save more money. (2023), Does Best Buy Price Match? Steer Clear has different driving practice requirements depending on your age group: You run the Steer Clear mobile app every time you drive your vehicle. According to reports, State Farm spent over $400 million on advertising in 2020, a significant portion of which was likely spent on campaigns featuring Jake from State Farm. Kevin landed a role on Lap Dance in 2014 and went with the name Mimms. Later, Kevin Mimms joined the Chicago Academy for the Arts to pursue theatre and acting and graduated in 2008. Renter insurance rates (80% of score): We scored each companys renters insurance rates based on national averages for policies with $15,000, $30,000 and $50,000 worth of personal property coverage. The new Jake is easily recognized as an actor. He offers professional acting services to companies and agencies seeking talent thats worth generating revenue and growth. Plus, the Steer Clear discount applies every year until you reach age 25, potentially saving you thousands over the next few years. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Tommy Chong Net Worth - What the Actor of That '70s Show is Up to Now, The Rifleman's Chuck Connors Net Worth, Personal Life and Career Highlights, Letoya Luckett Net Worth: Destiny 's Child Former 4th Member, Jordin Sparks Net Worth in 2022 and Highlights You Need to Know, Adrian Peterson Net Worth -- 2007 NFL Offensive Rookie of The Year, Gavin Magnus Net Worth, Age, Birthday, Height, Girlfriend - 2021, How Jake from State Farms net worth compares to other celebrities, Shroud Net Worth: A Deep Dive into the Gaming Icons Earnings, Lolo Jones Net Worth: Olympic Athletes Fortune Revealed. He also had professional training as a spokesperson. They chose Kevin Mimms because they believed he had the right appeal, look, attractiveness, and overall physicality to be the face of State Farm. State Farm roadside assistance costs about $24+ per year. He also appeared in a 2017 episode of the animated series The Simpsons as a character named Jake the Insurance Guy. For example, he appeared in an episode of the TV series The Goldbergs in 2015, where he played himself in a scene set in a State Farm office. Do You Need Full Coverage on a Financed Car? Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Our analysis of average rates found that State Farms renters insurance costs are highly competitive compared to top insurers, which helped them make Forbes Advisors best renters insurance companies list. Kevin had previously auditioned for the role but was not picked from the start by Rand Herbert, State Farm's C.M.O. Are you sure you want to rest your choices? On the Android app store, the Steer Clear app has an average rating of 3.5 stars out of 5 with 1,100+ customer reviews. He has been featured in ads for companies such as McDonalds and Nike and has made guest appearances on popular TV shows like Black-ish and The Goldbergs. The safer you drive, the higher your score will be. For California residents, click here to view the full version of the California Consumer Privacy Notice. Kevin Mimms (Miles), more popularly known as Jake from State Farm, is a well-known actor and spokesperson for the insurance company. Crops - Planted, Harvested, Yield, Production, Price (MYA), Value of Production. In 2010 he appeared in the action crime drama movie Innocent as Kevin Mimms. Read the post to know juicy details about his life. That meant that Jake Stone needed replacing. Information provided on Forbes Advisor is for educational purposes only. What Is the Allstate New Car Grace Period? Steer Clear sounds like a great idea. While someone else might write the scripts and Tweets, hes the one performing in the stills and videos. According to estimates, Jakes net worth is in the millions, while the net worth of other State Farm commercial actors is significantly lower. Can You Buy Pumpkins With EBT? Richardson, TX. After signing up for Steer Clear, you complete in-app training, driver training, and other tasks to qualify for the 15% discount. Marketing tactics and its results dont lie. State Farm Life Insurance Review 2023 - Forbes February 5, 2023 By William Butterworth @WBuilding101 2 Comments Commercials are something that most people tend to tune out. State Farm announces 2022 financial results See all savings with auto discounts. Google Android. An individual who isnt trained to act professionally or be a spokesperson wasnt going to cut it. 2, April 1980, pp. Jake Stone, for example, would have to fit in all those shoots between his bartending and other responsibilities. Learn how to find a reliable mechanic and how to determine what jobs you need done. Additional living expenses: If you cant live in your apartment because of a problem covered by your policy (like a fire), additional living expenses coverage pays for hotel bills, takeout meals and other extra expenses, like laundry services. In comparison to other popular spokespersons in the advertising industry, Jake from State Farms net worth may be relatively modest. (Updated 2023), What Time Does McDonalds Open? They wanted him present on all social media accounts including Twitter, Instagram, and TikTok. We value your privacy. One of the reasons actors get paid for commercial ads is that theyve trained their ability to speak. In conclusion, Jake from State Farms net worth is a topic of interest to many people, and it is fascinating to see how his career has led him to accumulate a significant amount of wealth. 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