Which insurance company is right for you? Compare coverage, pros & cons, and quotes from Farmers and Hanover.
Farmers Insurance began selling insurance a year before the Great Depression and survived to become a household name. Founders John C. Tyler and Thomas E. Leavey started off by going farm to farm to gain their first policies. They specifically lowered rates for farmers and ranchers because they understood that these occupations posed fewer risks with their vehicles. By 1928, they were able to open an office in downtown Los Angeles. During the Great Depression, Farmers was one of the few companies that were able to pay claims. When a devastating earthquake hit Los Angeles, Farmers paid out claims for damaged cars and became the first insurance company to offer comprehensive insurance.
In 1852, The Hanover Fire Insurance Company opened in Manhattan at HanoverSquare. Author Washington Irving was one first investor. In 1864, while theU.S expanded West, The Hanover formed a general agency to service settlers. In 1866, 1800 buildings burned down in Portland, Maine. The Hanover paid all claims and helped rebuild the city. In 1871, the Great Chicago Fired destroyed more than three square miles of the city. There was $3 billion worth of losses, but the Hanover met all claim obligations. In 1872, a fire in Boston, Massachusetts burned down nearly half the city, but the Hanoverpaid all claims.
Below is a list of the average rates that drivers typically pay with Farmers and Hanover. On average, Farmers charges approximately $282.34 per month while Hanover comes in at around $1,970.26 per month. For Farmers, the cheapest state average is South Dakota at $130.71 per month and the most expensive is Michigan at $781.17 per month. For Hanover, the cheapest state average is Massachusetts at $216.67 per month and the most expensive is New York at $4,576.95 per month.
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Farmers and Hanover typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Farmers||Hanover|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Farmers charges $282.67 per month and Hanover charges $1,181.54 per month for customers who own their home.
Which car insurance company is better? We've made it easy to compare companies side by side. See how Farmers and Hanover ranked among the industry ratings.
|A.M. Best Rating||A-||A|
|JD Power Ranking||About Average||Above Average|
|NAIC Complaint Index||0.8||1.28|
What coverage is available through Farmers and Hanover? Both insurance companies offer Auto, Commercial, Home, RV, and Umbrella insurance. Additional products from Farmers insurance also includes Life and Motorcycle insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Farmers and Hanover Insurance page.
Hanover offers a wide range of discounts to its policyholders, including Affinity Groups, Anti-theft Device, and Good Student discounts. Whereas, Farmers also offers a few discounts that Hanover doesn’t, including Transfer, Teen Driver, and Occupational discounts. Start taking advantage of discounts offered by insurance providers like Hanover and Farmers insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Alternative Fuel Discount||Accident Prevention Course Discount|
|Distant Student||Affinity Groups|
|Electronic Funds Transfer (EFT) Discount||Anti-theft Device Discount|
|Good Student||Good Student Discount|
|Homeowner Discount||Hanover Platinum Experience|
|Multi-Car Discount||Multi-Car Discount|
|Multi-policy Discount||No-Fee Electric Funds Transfers|
|Occupational Discount||One Bill|
|Pay-in-Full Discount||Pay-in-Full Discount|
|Teen Driver Discount||Student Away at School Discount|
The Farmers app is available for iOS and Android. The Farmers Mobile App allows you access to self-service features.
The Hanover Mobile app is available for iOS and Android. With this app, you’ll be able to see vital policy information and billing information. You can also file a home or auto claim without making a phone call.
|Farmers Mobile App|
|iOS||4.8||3K user reviews|
|Android||4||3K user reviews|
|Hanover Mobile App|
|iOS||3.5||17 user reviews|
|Android||2.6||21 user reviews|
|Farmers Contact Info|
|Address||6301 Owensmouth Avenue, Woodland Hills, CA 91367|
|Phone||1 (800) 974-6755|
|Hanover Contact Info|
|Address||440 Lincoln Street, Worcester, MA 01653|
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
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