Farmers Auto Insurance: Coverage and Discounts

secure Editorial Standards

SmartFinancial Offers Unbiased, Fact-based Information. Our fact-checked articles are intended to educate insurance shoppers so they can make the right buying decisions. Learn More

Farmers Insurance was founded by two individuals, John Tyler and Thomas Leavey. They started Farmers in a one-room office in downtown Los Angeles in 1928, a year before the Great Depression, with their own money. Farmers flourished and expanded its product range to include vehicle insurance, life insurance, and much more through the years. It is the fifth-largest home insurance company and the seventh-largest auto insurer in the United States.

What Is the Slogan for Farmers Insurance?

Farmers' "Hall of Claims" series, which features bizarre events for which the company has paid claims, has a catchy song and tagline: "We know a thing or two because we've seen a thing or two." Every commercial is undeniably Farmers, with spokesman J.K. Simmons assuring buyers that they are competent in resolving their claim because they have dealt with many different sorts.

Is Farmers Car Insurance Good?

Farmers has been in business for about a century and has a strong financial standing with the world's main insurance rating agencies. Farmers has an "A" rating from A.M. Best, an "A" from Standard & Poor's rating and an "Aa2" from Moody's. This means that based on company reviews, clients can expect secure coverage from a respected carrier. Farmers provides 24/7 claims reporting and mobile claims reporting, as well as a variety of discounts, countrywide coverage, and excellent financial stability. They have 814/1000 on the JD Power Scale and has received a rating of 4.5 out of 5 stars after looking at customer satisfaction surveys. 

Farmers Insurance Cons?

Not for High Risk Drivers: If you're a high-risk driver or have a history of traffic violations, getting insurance at a reasonable price will be tough. Farmers isn't the only company with this flaw, but anyone seeking for a low rate with a bad driving record will be expensive for them.

No 24/7 Customer Service: Farmers does not offer 24/7 customer service, so you may have to wait a bit if you need to contact them for something other than a claim. Farmers, however, has flaws as well; though the firm has an A+ rating with the Better Business Bureau, customer reviews reveal a different picture, with users citing poor communication, insufficient claims handling, and the inexplicable cancellation of policies.

Limited enhanced coverage options: Farmers provides extensive additions to basic coverage components, including replacement cost personal property damage and extended and guaranteed replacement cost for your home's structure, but it does not provide some of the more popular extra policy endorsements, such as equipment breakdown coverage, home computers coverage, service line coverage, and others.

Farmers Rewards Visa Card

Many individuals enjoy getting compensated in ways other than their insurance. You'll start receiving unique privileges and perks after you join to become a cardholder. You can use your points to offset expenditures on your credit card statement, or redeem them for vacation, gift cards, and merchandise. When you use your Farmers Rewards Visa Card to buy Farmers products, fill up your gas tank, or shop at home improvement retailers, you earn three times the points. If you're a do-it-yourselfer who frequently fills up on gas and a Farmers client, this is a card you should seriously consider.

How Much Is Car Insurance for Farmers?

  • Farmers is one of the most pricey automobile insurance providers, with an average rate of $1,635. It's the second most expensive firm on the list, with an average cost of $1,788. Only Allstate ($1,788) has a higher rate. USAA, with an average rate of $875, is the most cheapest firm in our survey.

  • Farmers was also one of the most costly insurance carriers across all age categories of the firms we looked at. For a 25-year-old man driver profile, the average rate is $1,927, while for a 25-year-old female, the average rate is $1,834. A 60-year-old male driver pays $1,495 on average, while a 60-year-old female driver pays $1,415 on average.

  • Farmers' average yearly premium for drivers with a strong credit rating is $1,632. For driver profiles with bad credit, the cost rises to $2,522, or $890 more. Your driving record has a significant impact on the cost of vehicle insurance. Farmers' average rate for drivers with a clean driving record is $1,635. A single speeding infraction increases the charge to $2,047, a 25% increase above the premium paid by drivers with a clean driving record. The average cost rises to $2,410 after an accident, and it rises to $2,285 after a DUI offense.

What Types of Auto Insurance Does Farmers Offer?

Farmers are most well-known for their car insurance. Farmers car insurance, like its homeowners insurance, may be tailored with a variety of options. You may build a plan to match your requirements and budget by learning the most prevalent forms of auto insurance coverage:

  • Accident Forgiveness
  • Collision
  • Comprehensive
  • Full Windshield and Glass Coverage
  • Glass Deductible Buyback
  • Guaranteed Value
  • Liability Insurance
  • Loss of Use
  • Loyalty Discount
  • Medical Payments
  • Personal Injury Protection
  • Rental Car Reimbursement
  • Rideshare Insurance
  • Spare Parts Coverage
  • Towing and roadside assistance
  • Uninsured / Underinsured Motorist Coverage

Farmers Auto Insurance Discounts

  • Affinity Group Discount: Farmers give discounts of up to 5% to members of specific organizations. Police, firefighters, nurses, and physicians are among these organizations. Many more vocations, as well as alumni of certain colleges or fraternal organizations, are listed.

  • Alternative Fuel Discount: If you drive an environmentally friendly car, you may be eligible for a 10% discount. Electric vehicles, gas hybrids, methane, and natural gas are all eligible fuel options. For environmentally aware drivers, this is an excellent deal.

  • Car Safety Features Discount: Farmers will give you a discount if your car has specific safety features. Anti-lock brakes and passenger airbags, as well as active and passive alarm systems, are some of the most prevalent safety equipment coverage. On each qualified car, the discount is generally between 5%- 10%.

  • Defensive Driver Discount (especially for Seniors): Anyone who completes a state-approved defensive driving course is eligible for a higher vehicle insurance discount.

  • Distant Student Discount: You may be eligible for a 14% discount if you have a student on your insurance who does not have a car with them at school and lives more than 100 miles away. This is to represent the student's limited access to a car that is insured.

  • Good Driver Discount: Farmers consider the last three years of your driving history when calculating this discount. They provide up to a 20% discount on your coverage if there have been no accidents or violations. Farmers also offers a monitoring software called Signal that you can download to your phone and use to keep track of your driving patterns. Enrolling in Signal can result in significantly cheaper insurance premiums for safe drivers.

  • Good Student Discount: This discount is available if you have a student on your policy between the ages of 16 and 24 who has at least a B average (at least a 3.0 GPA). A B average in the current or most recent term will suffice if the student does not have a cumulative B average. Farmers offer a 10% discount to good students.

  • Multi-Policy Discount: Farmers offer a discount for those who have many insurance policies with them. Homeowners' coverage or renter's insurance is traditionally combined with vehicle insurance. Both plans are discounted by about 15% when purchased together.

  • Payment Discounts: Farmers provide considerable discounts for paying for the whole policy in one payment, as well as a smaller reduction for having monthly payments withdrawn automatically from your bank account.

  • Senior Discount: Successful completion of a defensive driver discount by drivers over the age of 65 qualifies them for an additional discount.

Compare Car Insurance Quotes for Free

Farmers Home Insurance Policies

A standard insurance includes coverage for your home against weather damage, as well as coverage for a detached garage, shed, guesthouse, greenhouse, or other outbuilding. Loss-of-use coverage is also included to assist pay for emergency accommodation, food, and eating out while your house is being restored or rebuilt after a claim. And if you are found to be at fault, liability coverage can assist pay for medical and legal charges arising from an accident to someone else on your property.

Additional Farmers homeowners policy add-ons include:

  • Building ordinance or law coverage
  • Contents replacement cost coverage
  • Earthquake coverage
  • Extended replacement
  • Flood insurance
  • Identity theft
  • Personal articles floater
  • Property insurance
  • Umbrella coverage

Farmers Homeowners Insurance Cost

Farmers smart plan home offers three levels of coverage to its consumers, each with its own set of benefits:

  • Standard coverage: Focuses on the most important aspects of house insurance for protection at a reasonable price.

  • Enhanced coverage: Higher coverage limits are included, as well as other benefits such as avoiding depreciation on roof and content replacements.

  • Premier coverage: This gets you the greatest possible limitations. Under some instances, you can also acquire guaranteed replacement cost coverage if you fulfill the requirements.

Farmers provides cheaper home insurance policy prices than the industry average for a variety of coverage limitations. Farmers offered a $1,046 cheaper yearly cost for a house insurance policy with a $200,000 maximum than its competitors' average. However, the cost of your coverage is influenced by a number of factors. Some factors are beyond your control, such as remodeling or potential accident hazards such as a pool.

Homeowners Insurance Discounts and Deals

Farmers provide a number of different homeowner's insurance discounts. Because discounts differ by state and condition, it's a good idea to look into your choices online and speak with an agent for more information.

Discounts include:

  • Claim-free discount
  • Declining deductibles
  • Good payer discount
  • Multi-policy discount
  • Security upgrades
  • Smoke-free homes

Add-ons include:

  • With Eco-Rebuild coverage, you may get up to $25,000 to replace appliances and other materials with more environmentally friendly options.
  • Contents Replacement Cost Coverage pays you for the actual cost of lost or damaged things

What Other Insurance Products Do Farmers Offer?

Farmers provides a variety of coverage options, among their offerings are:

  • Auto insurance
  • Boat & watercraft insurance
  • Business insurance
  • Commercial auto insurance
  • Condo insurance
  • Customized equipment coverage: Extends cover for stereo system, chrome rims, aftermarket parts, etc
  • Earthquake insurance
  • Flood insurance
  • Home insurance
  • Life insurance policies
  • Mobile home insurance
  • Motorcycle insurance
  • Pet insurance
  • Renters insurance
  • Umbrella insurance

Is Farmers Insurance Better Than State Farm

It might be difficult to choose one insurer out of the many car insurance companies available. Both are two of the most well-known insurance businesses in the US. Farmers is ranked fifth overall in our study, behind State Farm, which is ranked second.

Looking at strength ratings, both insurers are good options, albeit State Farm receives an A++ rating from AM Best, whilst Farmers gets an A. Both firms provide a wide range of insurance products, such as house insurance, vehicle insurance, and life insurance. When you buy numerous policies, you may save money by bundling them. You can also save money if you install a security system or go claims-free for a period of time.

  • Pricing by credit score: Farmers may be the best option if your credit is incredibly bad. Farmers typically has lower rates for drivers with credit scores of 579 or below.

  • High-risk insurance comparison: Farmers may be a better option if you have an at-fault car accident, speeding ticket, reckless driving ticket, or DUI incident on your driving record.

Is Farmers Insurance Better Than AAA?

In the vehicle insurance sector, AAA and Farmers are both household names. The Better Business Bureau has given each of them an A+ rating, as well as good financial ratings from A.M. Best and Standard and Poor's. Both insurers provide a wide selection of vehicle discounts to their consumers. AAA, on the other hand, outperforms Farmers in terms of pay-in-full, new vehicle, yearly mileage, and defensive driver discounts.

  • Pricing by service and cost: Because you must be a member of AAA to obtain coverage, the cost of your insurance will rise. However, membership comes with benefits such as vacation planning, 24-hour concierge service, and more. If you want to take advantage of the benefits that come with being a member of AAA, automobile insurance via AAA could be the best option for you. Farmers, on the other hand, are superior if cost is the most crucial concern.

  • Pricing by credit score: Farmers may be the best option if your credit is incredibly bad. Farmers typically have lower rates for drivers with credit scores of 579 or below.

  • High-risk insurance comparison: Farmers may be a better option if you have an at-fault car accident, speeding ticket, reckless driving ticket, or DUI incident on your driving record.

Submitting a Claim

Farmers allows you to file a claim both online and over the phone. If you prefer to start the process online, you'll need to provide some basic personal information as well as the date, time, and location. Farmers may also be reached directly at 1800-435-7764. If you have Farmers, you may create an online account to handle, and as Farmers Reviews it, you will be able to track the status of your claims process. The claims department is open 24/7.

  • Website: On the Farmers website, you may talk to an agent, obtain an estimate, report and monitor claims, and pay your payments. There are several tools available to assist you, as well as a checklist of things to do in the event of a vehicle accident.

  • Mobile app: Using the app, you can obtain proof of insurance, you may pay your insurance bill, change your payment choices, receive your agent's contact information, examine your auto policy details, and obtain access to your digital insurance ID cards. You may also arrange additional essential services like repairs, rentals, and emergency mitigation services via the online claim tool. You may also include images to your claim.

Farmers' Signal is a service that employs a smartphone app to track your driving habits. Once you download the app, you'll earn a 5% insurance discount, which can climb to 15% or more at your next insurance renewal depending on a driving score generated by the app. The price may be reduced depending on your driving record, and the program is not accessible in all states.

How Do I Get a Farmers Quote?

Getting vehicle insurance quotes from multiple different auto insurance companies might be difficult. When you get a Farmers auto insurance policy quote, SmartFinancial can walk customers and policyholders through every step of the process so you can pick the level of coverage that best suits your requirements. In just a few minutes, we can compare rates with other leading firms to find who is giving the greatest deal.

Get a Free Auto Insurance Quote Online Now.