Farmers Insurance has been in business since 1928, just before the start of the Great Depression. Farmers was started by two men, whose goal was to insure the vehicles of rural farmers and provide quality insurance at a reasonable price. Today, Farmers serves more than 10 million households across all 50 states. Farmers aims to offer personalized service and to have a positive impact on the lives of its customers. Farmers says it “not only prides itself on helping you plan wisely for the unexpected, but also on helping restore order when it occurs.”
How do customers rate Farmers Insurance Group?
Farmers Insurance Group’s rating is based entirely on customer reviews written on Clearsurance. The rating is determined using an algorithm that analyzes a range of inputs from our independent community of insurance customers, including:
- Customer Service
- Claim service
- Likelihood to renew
The algorithm also takes into account the percentage of what customers say Farmers Insurance Group does well vs. the percentage of what customers say the company could do better.
How much does Farmers car insurance cost?
Car insurance rates can vary drastically from person to person. The reason is because rates are impacted by a number of factors unique to you such as your age, marital status, credit score, where you live and the company you choose. But it can help to look at average car insurance rates to have an idea of the cost. In the graph below, you can see the average cost of Farmers car insurance compared to the national average cost of car insurance. The graph is split into four categories: teen driver, single adult, married couple and senior driver.
The average Farmers car insurance rates for teen drivers, single adults and married couples are higher than the national average cost of car insurance. The average Farmers rates for senior drivers are slightly lower than the national average. Please note that these are average car insurance rates based on specific profiles and your rate could be higher or lower based on your unique characteristics that affect car insurance rates.
How much does Farmers homeowners insurance cost?
Just like car insurance rates, homeowners insurance rates also widely differ based on characteristics of you and your home. Factors that affect homeowners insurance include the location of your home, your home’s condition and age, the size and type of home, the crime rate in your area, your claim history and your credit score. In the graph below, you can see the average cost of Farmers homeowners insurance compared to the national average of homeowners insurance. The graph is split into two categories: a home worth $200,000 and a home worth $400,000.
The average Farmers homeowners insurance rates for both home profiles are both higher than the national average of homeowners insurance. Please note that these are average homeowners insurance rates based on specific profiles and your rate could be higher or lower based on your unique characteristics that affect homeowners insurance rates.
Car insurance rates
The average Farmers car insurance rates are based on four different driver profiles with a Farmers car insurance policy.
- Teen driver: These rates are based on profiles for 18-year-old drivers. The car used was a 2015 Honda Civic EX. We used the minimum car insurance limits in each state.
- Single adult: These rates are based on profiles for 35-year-old single adult drivers with no driving incidents in the past 3 years. The car used was a 2015 Toyota Highlander LE. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The driver had a good credit score.
- Married couple: These rates are based on a 35-year-old married couple with two drivers and two vehicles. The cars used were two 2015 Toyota Highlander LEs. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The drivers had 1 driving incident within the past 3 years and they both have a good credit score.
- Senior driver: These rates are based on profiles for 65-year-old drivers. The car used for each was a 2015 Toyota Camry LE. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The drivers had zero incidents within the past three years and a good credit score.
The national average rates displayed in the graph are based on the average cost of car insurance from the largest companies in the U.S. and are based on the same four driver profiles. All rates displayed should only be used for comparative purposes as individual rates will differ. Rate data is provided by Quadrant Information Services.
Homeowners insurance rates
The average Farmers homeowners insurance rates are based on two different home profiles with a Farmers homeowners insurance policy.
- $200K home: These rates are based on a $200,000 dwelling with the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good credit score.
- $400K home: These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good credit score.
The national average rates displayed in the graph are based on the average cost of homeowners insurance from the largest companies in the U.S. and are based on the same two home profiles. All rates displayed should only be used for comparative purposes as individual rates will differ. Rate data is provided by Quadrant Information Services.
What discounts does Farmers Insurance offer?
Farmers prides itself on offering insurance discounts as a reward for safe habits and smart planning.
- Distant Student Discounts: Policyholders with students who attend school away from home are eligible for a discount with Farmers.
- Homeowners Discounts: If customers own their own home, they may be eligible for a discount with Farmers.
- Mature Driver Discounts: Farmers rewards senior, experienced drivers with discounts.
- Safety Discounts: Vehicles covered by Farmers with standard safety equipment, such as anti-lock brakes and restraint systems, are eligible for a discount.
- Bundling Discounts: Combining auto insurance with additional policies allows Farmers customers to receive discounts.
What coverages does Farmers Insurance Group offer?
Farmers offers optional car insurance features that you can add to your policy to receive added coverage and features for certain things. You can find Farmers’ optional car insurance coverage below:
New Car Replacement: Farmers offers optional new car replacement coverage. If your car is totaled within the first two model years of owning it and it has less than 24,000 miles on it, Farmers’ new car replacement coverage will reimburse you for the cost to replace your car with a new one of the same make and model, minus your deductible.
Customized Equipment Coverage: Farmers’ customized equipment coverage allows you to get protection for any after-market features you add to your car, such as a sound system or alloy wheels. Customized equipment coverage is available for any vehicle that has comprehensive and collision coverage on its Farmers car insurance policy.
Towing and Roadside Service Coverage: Farmers offers roadside assistance coverage that gives you 24/7 access to service you may need in an emergency including jump-starts, flat tire change, locksmith services if you lock yourself out of your car, roadside winching, towing services to a nearby qualifies repair shop and emergency roadside connect to police, fire and medical assistance.
Accident Forgiveness: With accident forgiveness, Farmers Insurance forgives one at-fault accident for every three years you drive accident free. If you have accident forgiveness protection, one car accident won’t affect your Farmers car insurance premium. Loss of Use: With a Farmers car insurance policy, you have the option to add loss of use coverage, which gives you money for cabs, public transit or a rental car while your car is not able to be driven because of a covered comprehensive or collision loss.
Car Rental Reimbursement: Farmers offers car rental reimbursement coverage as an add-on option that helps you quickly find a rental car and give you free pickup and delivery of the rental car. This coverage helps you pay for the cost of a rental car for up to 30 days if yours is damaged and needs repairs due to a covered loss.
Glass Buy-Back: Farmers’ glass buy-back option connects you with a reputable glass company in your area.
Original Equipment Manufacturer (OEM): OEM coverage from Farmers covers repairs with factory-original parts if your car is damaged in an accident covered by your Farmers car insurance policy. This coverage is available to Farmers car insurance policyholders with comprehensive and collision coverage and a car that it no more than 10 years old.
Farmers allows you to extend your homeowners insurance coverage with optional add-on coverages. Options include:
Eco-Rebuild: Farmers’ Eco-Rebuild coverage can offer you up to $25,000 towards the cost to replace materials and appliances in your home with alternatives that are more eco-friendly after you’ve had a covered loss and your appliances and materials were damaged.
Personal Possessions Coverage: Farmers allows you to extend your homeowners insurance coverage with personal possessions coverage, which offers coverage for valuable items like jewelry.
Contents Replacement Cost Coverage: Farmers offers contents replacement coverage you can add to your homeowners insurance policy. This coverage allows you to receive reimbursement to replace your items with new items of similar quality rather than the cost of what your old items were worth.
Identity Theft Insurance: Farmers Identity Shield helps cover the losses and expenses associated with your identity being stolen. It can help resolve the crime and replace documents.
Farmers Insurance FAQs
Does Farmers offer accident forgiveness?
Farmers Insurance does offer accident forgiveness coverage as an optional add-on to your policy. Farmers will forgive one at-fault accident for every three years you drive and don’t have any accidents. With accident forgiveness, one at-fault accident won’t affect your car insurance premium.
Is Farmers Insurance only for farmers?
Farmers Insurance is not only for farmers — people all over the United States are eligible for insurance from Farmers. Farmers’ name originates from the beginning of the insurance company. Farmers Insurance was originally created to insure vehicles of rural farmers. Now, it offers many lines of insurance products available to everyone.
Does Farmers Insurance check your credit?
Farmers insurance may take your credit standing into consideration when determining prices for your insurance premiums. Most insurance companies do. Your credit score can affect your car insurance rates in all states except California, Hawaii and Massachusetts. It can affect your homeowners insurance rates in all states except California, Maryland and Massachusetts.
Does Farmers cover roof leaks?
Farmers may cover your roof leak, depending on what has caused it. Typically, homeowners insurance policies cover roof leaks caused by covered perils but won’t cover them if they’re caused by normal wear and tear and your neglect to repair or replace your old roof.
More about Farmers insurance
Farmers Insurance Group’s website is a great place to learn more about the company’s offerings. The Farmers site also can connect you with an agent to learn more about Farmers, receive a quote, pay your bill, submit a claim, access roadside assistance and more.
Farmers Insurance offers a mobile app that allows you to have direct access to everything Farmers has to offer, 24/7 through your smartphone. Farmers Insurance’s mobile app lets you view your ID cards, pay bills, view policy documents, set up payment reminders and report a claim.
Farmers also offers Inner Circle, a site that offers tips and insights on all things insurance, including info on changing auto insurance rates, shopping for auto insurance for teens, roadside emergency safety, driving hacks and more.
What states does Farmers Insurance Group do business in?
Farmers Insurance Group sells car and renters insurance in 40 states, homeowners insurance in 38 states and motorcycle insurance in 39 states. See the state Farmers Insurance Group sells in below and click the link to see how Farmers Insurance Group compares to the other top companies in that state.