Comparison

State Farm® vs Lake

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

State Farm®

Manage insurance policies, pay bills, and access coverage details. File and track claims, request roadside assistance, and view financial product information. Features include secure login, personalized reminders, and Siri integration.

Highlights
  • Manage insurance policies
  • Pay bills with Apple Pay
  • File and track claims
  • Request roadside assistance
  • View financial product details
  • Access insurance cards
Features
Read full description

With the award-winning State Farm app, you can manage your insurance policies and other products, request roadside assistance, file and track claims and much more. Drive Safe & Save® is on the move! • We’re moving all the great features of our safe driving discount program — Drive Safe & Save — into the State Farm app. • If you’re enrolled in the program, we’ll email the first person listed on your auto policies when it’s time to start using the State Farm app to access your Drive Safe & Safe details. • If you’re already using the Drive Safe & Save app, you won’t lose any of your info. IMPORTANT: Drive Safe & Save terms of use, including precise location data collection and sharing, only apply to customers who set up Drive Safe & Save and enable specific permissions on their mobile devices. View and manage your insurance policies. • Quickly pay your insurance bill — even with Apple Pay. • View your insurance card and add it to Apple Wallet. • View your insurance policies and coverage details. We’re here to help when you have a claim. • File a vehicle, property or vehicle glass claim. • Track the status of your claim through every step. • Get claim status notifications. • Get roadside assistance with tire changes, dead batteries, stuck vehicles and more. • Search for repair shops. More convenient features: • Get personalized reminders and notifications when you log in. • Ask Siri to view your insurance card or claims with our shortcuts. • Log in with Touch ID, Face ID or a PIN. • Need technical assistance? Send us a message on your time with our messaging feature. • View details about your financial products. • Help topics are available in the app when you need them. • Learn about other products State Farm offers.

About

Lake

Features
Read full description

Lake is an automatic spending tracker for the places you keep going. If you have tried tracking or budgeting and found it hard to keep up, start with the spending already in your history. Connect a supported institution through Plaid to see eligible usual places and what a visit usually costs, based on recent transactions. When a place matches a spending limit, see the limit left and how many similar visits fit. Review your monthly budgets and set visit goals that start when you choose. Each new goal has its own monthly period and countdown. Results wait until Lake can verify the spending history for that period. Earned points unlock optional customizations. Free includes up to five usual places on Home, monthly budgets, and two new goals per calendar month, with up to two ongoing goals. New goals that are met earn 50 points on Free or 100 with Premium, based on your plan when the result is verified. Lake Premium connects your banks and adds your full list of eligible usual places, favorite-place pinning, unlimited goals, monthly reports, Insights and five additional app icon colors. It starts with a 1-month free trial through Apple for new subscribers. Both plans use the same earned-customization catalog. Choose optional nearby reminders for places you save, or a weekly check-in. Nearby reminders need location permission and depend on iOS delivery. Weekly check-ins do not need location. Choose light or dark appearance to make Lake comfortable to read. Available subscription plans, prices and renewal terms appear in the app before purchase. Restore purchases and manage Apple subscriptions from Membership. A Lake account and a supported linked institution are needed for your personal spending view. Linking an institution needs Lake Premium or its free trial. Available history and figures depend on the data your institution provides. Privacy policy: https://www.lakefin.net/privacy Terms of service: https://www.lakefin.net/terms App license (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Support: https://www.lakefin.net/feedback

Screenshots

State Farm®4 screens
Lake4 screens

Verdict

The call

The clearest difference is in-app purchases: State Farm® at none against Lake's 2. State Farm® also leads on chart position (#15 vs unranked). On price, update cadence, ads and device support there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Lake sells 2 in-app purchases, starting at $9.99 per month. State Farm® asks for nothing beyond the download.

UpkeepUpdate frequency

Both ship on a similar rhythm, roughly every 2 weeks. Both last shipped on October 29, 2026.

Scorecard2 real differences · 9 level
State Farm® versus Lake: the parameters behind the verdict, then further details
ParameterState Farm®Lake
PriceFreeFree
Rating4.8 (1.3M ratings) — better—
Positive reviews34.4% of reviews—
Number of ratings1.3M — better—
Update frequencyEvery 2 weeksEvery 2 weeks
AdsNoNo
In-app purchasesNo — betterYes
MonetizationFree—
Best chart rank#15 — better—
DevicesiPhone, iPad — betteriPhone
Requires iOS17.017.0
Further details — not scored
Size301 MB20 MB
Age rating12+17+
DeveloperState Farm Mutual Automobile Insurance CompanyLake Financial

Bugs and requests

State Farm®

Reported bugs

3 issues
  • Login issues and account lockouts
  • Inability to pay bills through the app
  • Inconsistent display of policy details

Requested features

4 requests
  • Ability to view complete payment history
  • Option to manually enter odometer readings
  • Improved transparency on policy changes
  • Better integration with external bank accounts

Lake

Not enough reviews yet to summarise bugs or requests.

In-app purchases

None

State Farm®

No in-app purchases

2 purchases

Lake

Subscriptions2
  • Lake Spending - Monthly Premium$9.991 Month
  • Lake Spending - Annual Premium$79.991 Year

Questions

Is State Farm® free?
State Farm® is free to download, with no in-app purchases.
Is Lake free?
Lake is free to download, with in-app purchases available.
Do State Farm® or Lake have ads?
Neither State Farm® nor Lake shows ads.
Which is updated more often, State Farm® or Lake?
State Farm® ships an update every 2 weeks, and Lake every 2 weeks. Most recently, State Farm® was updated on October 29, 2026 and Lake on October 29, 2026.

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