One of the largest insurers in the United States, Farmers Insurance Group — or just Farmers — employs over 21,000 people and 48,000 exclusive agents catering to seekers of auto, home, life, pet, and other insurance coverage.
But is Farmers Insurance better for you than other prominent U.S. insurers – Allstate, The Hartford, Liberty Mutual, Nationwide, Progressive, State Farm, and USAA? Read on to find out.
Having started as a cheaper alternative to farmers’ and ranchers’ insurance in 1928, Farmers Insurance Group is one of the oldest insurance companies in the United States, comprising three reciprocal insurers – Farmers, Fire, and Truck.
The insurance company is known for its reliability, flexibility, and bonuses, serving more than 10 million households with over 19 million policies across all states. Enjoying high financial ratings from the world’s most credible credit rating agencies, including S&P, Moody’s, and A.M. Best, Farmers Insurance Group is worth researching as your potential insurer.
Farmers provides all types of insurance, excluding health insurance.
The full list of products is as follows:
| Coverage Type | What Is Covered |
| Liability | Bodily injury and property damage caused to someone else in an at-fault accident |
| Collision | Repair or replacement of your vehicle if it’s damaged in an accident, regardless of whether you are at fault for the accident |
| Comprehensive (“Other Than Collision”) | Repair or replacement of your vehicle if it is damaged by flood, fire, vandalism, theft, and other named perils |
| Uninsured Motorist | Bodily injuries sustained by you in an accident if the at-fault driver is uninsured or underinsured |
| Medical Payments | Your and the passengers’ medical expenses, regardless of whether you are at fault for the accident |
| Personal Injury Protection (PIP) | Your medical/rehabilitation expenses (medication, hospital bills, rehabilitation costs, etc.) and lost wages |
| Towing and Roadside Service | Tire changing, towing, locksmiths, and jumpstart services |
| Rental Car Reimbursement | Cost of renting a car while your car is repaired, up to 30 days |
| Rideshare | Coverage for periods when you are not covered by personal insurance or company |
| Loss of Use | Transportation costs (flat sum) until your car is repaired |
| Guaranteed Value | Pays an agreed-upon value if your car is declared a total loss |
| Customized Equipment | Repair or replacement cost of aftermarket equipment (custom wheels, infotainment systems) |
| Personal Umbrella | An extra layer of liability coverage (for example, if you don’t have enough coverage to pay for the at-fault accident) |
| Glass Deductible Payback | Repair or replacement of windshield glass ($100 deductible) |
| Full Windshield and Glass Coverage | Zero deductible on repair or replacement of windshield glass |
| Spare Parts Coverage | Cost of spare parts replacement, up to $750 |
| Original Equipment Manufacturer (OEM) | Cost of using original parts in covered repairs |
| New Car Replacement Coverage | Cost of replacing your car with a new one of the same make and model |
| Accident Forgiveness | Forgives one at-fault accident for every 3 years of clean driving |
In addition to auto insurance, Farmers also offers motorcycle, boat & watercraft, collectible auto, RV, ATV & Off-Road, RV & Motor home, 5th wheel, and travel trailer insurance. The full list of vehicle insurance services is available under the ‘Insurance’ tab on the insurance provider’s official website.
The average rate for Farmers auto insurance is around $1,950, which is higher than the national average of around $1,500. However, the real cost of your auto insurance will depend on multiple factors, such as the type and amount of insurance, your age, driving record, safety features of your car, etc.
| Discount* | How to Qualify/Who Can Qualify |
| Multiline | Bundle auto policy with home, life, small business, umbrella, or specialty policy |
| Multicar | Drive safely for a specific amount of time |
| Affinity | Belong to a specific group of customers (military, certain professional associations/occupational groups/businesses, etc.) |
| ePolicy | Buy auto insurance online |
| Good Payer | Pay on time for 12 months (no billing late fees) |
| Safe Driver | For rated drivers with zero BI points |
| Distant Student | For children having no regular access to a covered car and with school being at least 100 miles away |
| Youthful Driver | For U-25 drivers who are children of the PNI on an FSPA policy that has been in force for at least 12 months |
| Good Student | For students with good grades (for example, 3.0 or better GPA) |
| Shared Family Car | For all vehicles on the policy if there’s a U-20 driver in the household in which there are more active drivers than vehicles (vehicles on storage do not count) |
| Mature/Defensive/Senior Driver | For 55+ drivers who completed state-approved safe driver training during the last 3 years |
| Alternative Fuel | For electric, hybrid, natural gas, propane, and other vehicles not powered by gasoline. |
| EFT | For using monthly automatic payments on Farmers.com |
| Pay in Full | For paying the full premium when purchasing the policy |
| Anti-lock Brakes, Anti-Theft, and Passive Restraint | For installing respective safety devices |
*Some discounts also apply to other policies and vary depending on the state.
| Insurance Type | What’s Covered |
| Term Life | Insurance for 10, 20, or 30 years, when you are paying a monthly premium in exchange for the death benefit provided to the beneficiaries upon your death. The premium remains level for the chosen time – 10 to 30 years – but then will increase |
| Whole Life | Permanent insurance with a level premium as long as the policy is in force. Besides, whole life insurance accumulated a cash value that can be accessed during your lifetime |
| Universal Life | Flexible permanent insurance that allows you to accumulate a cash value. Provides flexible premiums and face amounts, as well as more control over your cash value |
| Accidental Death | Death coverage ranging from $37,500 to $200,000 and up to $1 million in some cases |
There are many variables to the actual price of your life insurance with Farmers, including your age, health conditions, gender, occupation, way of life, bad habits, and the type and amount of coverage. For example, the same coverage for a 35-year-old healthy non-smoker may be three times less expensive than for a 60-year-old smoker of bad health.
The only life insurance discount from Farmers is for bundling auto and life insurance policies.
| Insurance Type | What’s Covered |
| Homeowners |
Most policies cover damage caused by fire, lightning, hail, windstorm, smoke, water (some types of damage), ice, snow, sleet, falling objects, explosions, and vehicles. |
| Condo |
Other popular types of condo insurance are personal belonging coverage and jewelry coverage. |
| Renters |
Other popular types of renters insurance are replacement cost coverage and identity shield. |
In addition to homeowners, condo, and renters insurance, Farmers also offers mobile & manufactured home, vacation home, vacant home, landlord, earthquake, and flood insurance. The full list of home insurance services is available under the ‘Insurance’ tab on the official Farmers website.
The average premium for an HO-3 policy (includes dwelling, property, and liability coverage, with an insurance limit of $299,000) is around $1,115 per year. However, the real price of homeowners insurance will depend on the state, replacement cost of your home, history of claims, and other factors.
| Discount | How to Qualify/Who Can Qualify |
| Affinity | Members of certain businesses, professional associations, and occupational groups |
| Multiline | Bundle homeowners and auto, life, small business, umbrella, or specialty policy |
| ePolicy | Buy homeowners policy online |
| UL-Approved Roofing Materials | Asphalt or fiberglass shingles approved by UL |
| New Home | Home less than 14 years old |
| Protective Devices | Install security systems, internal sprinklers, and fire alarms |
| Home Safety | Fortified roof/walls/windows and automatic water/gas shutoffs |
| Green Certifications |
|
| Claims Free | Be claims-free for at least 3 years |
| Connected Home | Install a remote home monitoring system |
| Rent to Own | Buy a home and switch to Farmers homeowners policy |
| Preferred Payment or EFT | Pay in full or with a recurring electronic fund transfer |
| Good Payer | Pay your premium on time |
Also, there are several state-specific homeowners insurance discounts, such as California Earthquake Authority Discount (CA), Retirement Community (AZ), HOA Gated Community (NV), and Fortified Home (AL).
| Insurance Type | What’s Covered |
| The Best Benefit Accident and Illness |
|
| Accident-Only | Costs related to accidents (illnesses are not covered). |
| Wellness Routine Care: two-tier coverage that can be added to The Best Benefit Accident and Illness |
|
Farmers Pet Insurance Rates
The average price for Accident-Only coverage is $9 for dogs and $6 for cats. The actual price of your pet insurance will depend on the pet’s breed, age, state, and other factors.
You are eligible for a 5% discount on pet insurance with Farmers if you own more than one pet and another 5% if you own a Best Benefit Plan.
| Pros | Cons |
| Broad choice of auto insurance coverage through a wide network of agents | Expensive auto insurance (higher than the market average) |
| Plenty of auto and home insurance discounts | Some discounts are unavailable in some states |
| Personal and business coverage | No health coverage |
| High ratings | No timeframe for claims response |
| Company | Rating |
| AM Best | A: Excellent |
| Moody’s | A2: Good |
| J.D. Power | Third-best provider in the property claims satisfaction study after The Hartford and America Mutual |
| Standard & Poor’s | AA-: Very strong |
As with many other insurers, Farmers’ customer service reviews are controversial, with ratings from 4.4 to 8 out of 10. This points to the fact that the quality of customer service is not the same for all clients.
Farmers scored an overall 3.6 out of 5 on Indeed.com according to over 5,100 reviews:
Average salaries at Farmers are:
Visit this webpage to see open vacancies by state.
To start or work for an agency, visit this webpage.
Alternatively, you can get a quote by phone: 1-800-974-6755.
For claims-related info, visit the respective section on the website: Auto Claims, Home Claims, or Business Claims.
The customer care center is available by phone: 1-888-327-6335, this request form, and website messaging for registered users.
Oleksandr is an expert in deep research. He covers various insurance topics across verticals, adopting to every local law.
