Farmers Car and Home Insurance Review
$3,091
$3,801
- Add-ons include new car replacement and accident forgiveness
- Generous discounts for bundling policies
- High claims satisfaction for home insurance
- Guaranteed replacement coverage available for homeowners
- Higher-than-average rates
- Gap insurance not available for car insurance
Farmers insurance review: Is Farmers a good company?
- Generally has expensive rates
- Mixed customer service ratings
- Receives low complaints
Farmers is a good company to contact for a quote if you plan to bundle your home and auto insurance. Its rates are higher than average in most states, and it gets mixed customer service reviews.
On the plus side, Farmers has an excellent rating for home insurance claims from J.D. Power. It also receives fewer home insurance complaints than what’s expected for a company of its size, according to the National Association of Insurance Commissioners (NAIC).
Its wide network of exclusive agents makes it easy to get personalized service in most parts of the country.
However, Farmers’ overall satisfaction ratings are below industry averages for both home and auto insurance.
| Review or rating | Farmers' score | Industry average |
|---|---|---|
| Overall Auto Satisfaction (Higher is Better) | 802 (Worse than Average) | 820 |
| Overall Home Satisfaction (Higher is Better) | 800 (Worse than Average) | 819 |
| Auto Complaint Rating (Lower is Better) | 1.25 (Worse than Average) | 1.0 |
| Home Complaint Rating | 0.8 (Better than Average) | 1.0 |
| Auto Claims Score (Higher is Better) | 878 (Average) | 878 |
| Home Claims Score (Higher is Better) | 883 (Excellent) | 869 |
| Financial Strength Rating | A (Third-highest possible rating) | N/A |
Sources: J.D. Power, National Association of Insurance Commissioners, AM Best
How much is Farmers car insurance?
Farmers charges an average of $1,188 a year, or $99 a month, for liability insurance. Its full coverage rates average $3,091 a year, or $258 a month.
Farmers’ liability and full-coverage rates are both more than 50% higher than national averages.
Car insurance rates by company
| Company | Liability coverage | Full coverage |
|---|---|---|
| State Farm | $597 | $1,487 |
| Geico | $727 | $1,937 |
| American Family | $728 | $1,920 |
| U.S. Average | $773 | $1,972 |
| Progressive | $791 | $2,032 |
| Travelers | $835 | $1,919 |
| Nationwide | $963 | $2,226 |
| Allstate | $1,158 | $2,609 |
| Farmers | $1,188 | $3,091 |
Since rates vary by customer, it’s good to compare quotes from multiple companies when you shop.
How much is Farmers for bad drivers?
Farmers’ rates are higher than national averages for drivers with a bad record.
For example, Farmers charges drivers with a speeding ticket $4,252 a year, or $354 a month. This is 75% higher than the national average.
Farmers’ rate for drivers with a prior accident is 57% higher than the national average. Its rate for drivers with a DUI is 31% higher.
Farmers’ car insurance rates for drivers with a prior incident
| Incident | Farmers rate | U.S. average |
|---|---|---|
| Speeding Ticket | $4,252 | $2,427 |
| At-fault Accident | $4,598 | $2,930 |
| DUI | $4,758 | $3,626 |
How much does Farmers charge teen drivers?
Farmers car insurance rates are especially high for teenage drivers. It charges 18-year-olds an average of $4,227 a year, or $352 a month, for liability insurance. Its full-coverage rates for 18-year-olds average $9,354 a year.
Both rates are more than 60% higher than national averages.
Car insurance rates for 18-year-olds
| Coverage | Farmers rate | U.S. average |
|---|---|---|
| Liability | $4,227 | $2,433 |
| Full coverage | $9,354 | $5,824 |
Which car insurance discounts does Farmers offer?
Farmers offers several car insurance discounts that can bring its rates down to a more affordable level.
Like most companies, Farmers offers a generous discount for bundling your car insurance with your home or renters policy. Farmers also insures boats, motorcycles, ATVs, RVs and rental properties. The more policies you bundle, the more you save.
You can get another big discount if you sign up for Signal, Farmers’ app-based safe driver program. Once you download the app, it monitors your driving. If you drive safely enough, you get discounts on future renewals.
Some of Farmers’ other notable car insurance discounts include:
- Affinity discount for people who work in certain fields, such as health care or education. The discount is also available to current and former members of the military.
- Mature drivers over 55 can get a discount for completing a state-approved defensive driver class.
- Homeowners discount just for owning your home, even if a different company insures it.
- Anti-theft measures such as VIN etching can also get you a discount.
- Young drivers who maintain a B average in high school or college can get a good student discount.
Car insurance discount comparison
| Discount | Farmers | State Farm | Allstate | Geico |
|---|---|---|---|---|
| Bundling | Yes | Yes | Yes | Yes |
| Military | Yes | No | No | Yes |
| Safety App | Yes | Yes | Yes | Yes |
| Defensive Driver | Yes | Yes | No | Yes |
| Homeowners | Yes | No | No | No |
| Good Student | Yes | Yes | Yes | Yes |
These discounts are not available in every state. Make sure to ask about these and other ways to save when you request a quote.
What does Farmers car insurance cover?
Farmers offers the same normal auto insurance coverages as most companies, plus a few valuable extras.
Its accident forgiveness coverage protects you from a rate increase after an at-fault accident. You have to avoid accidents for at least three years to qualify for the coverage.
Farmers also offers original equipment manufacturer (OEM) coverage. OEM pays to replace damaged parts with factory originals, instead of cheaper aftermarket parts.
Farmers’ other add-ons include:
- Customized equipment: Pays to repair or replace custom wheels, sound systems, and other parts and accessories.
- Loss of use: Covers rideshare and transit expenses, along with car rentals, while your car is in the shop. This gives you more flexibility than standard rental car reimbursement.
- Full glass coverage: Pays to repair or replace your windshield and windows with no deductible.
How much is homeowners insurance from Farmers?
Farmers charges an average of $3,801 a year, or $317 a month, for homeowners insurance.
Although this is 26% higher than the national average, its rates vary by state. In Iowa and Montana, Farmers has the cheapest home insurance rates.
| Company | Annual rate |
|---|---|
| State Farm | $2,427 |
| Allstate | $2,560 |
| Progressive | $2,648 |
| U.S. average | $2,801 |
| Nationwide | $3,055 |
| American Family | $3,072 |
| Travelers | $3,149 |
| Farmers | $3,801 |
Home insurance discounts from Farmers
The home insurance discounts Farmers offers make its rates more competitive with other insurance companies.
You usually get the biggest discount for bundling your homeowners policy with your car insurance. Getting an umbrella policy or any other insurance you may need adds to your savings.
Farmers’ other key discounts include:
- New home discount for homes less than 14 years old.
- Protective device discount for having a fire alarm, security system and/or internal sprinklers.
- Home safety discount for having disaster-resistant building features.
- Roofing material discount for approved asphalt or fiberglass shingles.
- Claims-free discount for not having claims within the past three years.
- Preferred payment discount for paying in full or setting up autopay.
- Green home discount if your home is LEED-certified.
Home insurance discount comparison
| Discount | Farmers | State Farm | Allstate | Liberty Mutual |
|---|---|---|---|---|
| Bundling | Yes | Yes | Yes | Yes |
| Military | Yes | No | No | No |
| Roof materials | Yes | Yes | No | No |
| Eco certification | Yes | No | No | No |
| New home | Yes | No | No | No |
| Home security | Yes | Yes | Yes | No |
What does Farmers home insurance cover?
Farmers offer several optional coverages that let you customize your coverage, along with all the normal coverages.
The most important extra protections include:
-
- Guaranteed replacement cost: Covers overruns if the cost of rebuilding your home exceeds your policy’s dwelling limit.
- Valuable items coverage: Provides enhanced protection for valuables like jewelry and silverware.
- Water backup and overflow: Pays for cleanup and repairs if your home’s sewer or drainage system backs up.
- Home sharing: Covers damage from tenants who rent your home through a short-term rental service.
- E-bikes and golf carts: Provides specialized protection for these vehicles.
How much is Farmers renters insurance?
Renters insurance from Farmers costs $23 a month, or $276 a year, on average. That’s more than double the cost of the cheapest renters insurance company, State Farm at $11 a month. It’s also 28% higher than the U.S. average of $18 a month.
Farmers renters insurance rate comparison
| Company | Monthly rate | Annual rate |
|---|---|---|
| State Farm | $11 | $132 |
| Lemonade | $12 | $144 |
| Allstate | $17 | $204 |
| Amica | $17 | $204 |
| Progressive | $19 | $228 |
| Farmers | $23 | $276 |
| American Family | $27 | $324 |
Renters insurance discounts from Farmers
Farmers offers a few discounts that may help make your renters insurance coverage more affordable.
One of Farmers’ renters insurance discounts is unique among its competitors. If your household has been smoke-free for at least two years, you could save some money on your renters insurance policy.
You can also get a discount if you buy more than one type of insurance policy from Farmers, such as an auto or life policy along with renters.
If your rental home has fire alarms or an electronic security system, you could get another Farmers discount.
What does Farmers renters insurance cover?
Farmers renters insurance covers the basics, which means your personal property Covers repair or replacement costs if your belongings are stolen or destroyed by a fire or other covered event. and liability Helps cover legal expenses, medical bills and other damages if someone gets injured at your rental home and sues you. . It can also help cover the medical bills of guests who are injured in your home and some extra living expenses if you need to relocate while repairs are made.
You can pay extra to cover any belongings that are worth more than $500. A standard renters policy covers these items, but only up to a point. If you want them to be fully protected from damage or destruction, you’ll need to get personal articles floaters for them.