- Introduction to Farmers Insurance
- What Kinds of Insurance Does Farmers Offer?
- How Does Farmers Insurance Work?
- Pros and Cons of Farmers Insurance
- Get Customer Support Or File A Claim For Farmers Insurance
- Frequently Asked Questions
Introduction to Farmers
Farmers Insurance was founded in California in 1928 to insure farmers’ vehicles. The founders, born into farming families, understood that these buyers took good care of their vehicles and should be offered preferential rates. Since then, Farmers Insurance has branched out to offer a broad array of insurance options throughout most of the United States.
Farmers Insurance Group offers legal, administrative, and underwriting services to three insurance exchanges; Farmers Insurance Exchange, Fire Insurance Exchange, and Truck Insurance Exchange, along with their affiliates and subsidiaries. These exchanges are the actual insurance carriers that insure and pay out most claims for Farmers policyholders. All three Farmers exchanges are mutual companies owned by policyholders, who have the right to vote to elect the boards of governors who manage the companies
What Kinds of Insurance Does Farmers Offer?
Depending on the state in which you live, Farmers offers auto insurance, and may also offer homeowners, personal umbrella, and coverage for boats, motorcycles, collectible autos, RVs, businesses, renters, condominiums, pets, and more. Farmers offers policies both directly to individuals and to employee/affinity groups.
Does Farmers Sell Homeowners Insurance?
Yes, Farmers sells homeowners insurance in 41 states.
Farmers’ homeowners insurance offers standard coverage for dwellings and other structures, personal liability, personal property, and costs of living in another place while repairs are in progress, to name a few. Farmers also allows homeowners insurance endorsements for identity theft, water and drain backups, valuable possessions, and many others.
Does Farmers Sell Liability Insurance?
Yes, Farmers sells liability insurance, also called umbrella insurance, to consumers. A Farmers personal umbrella policy can also provide additional liability protection above the liability limits of your underlying home or auto policy.
To get an umbrella quote from Farmers, you’ll need to work directly with a Farmers Insurance agent in your area or call one of their agents at 1-800-974-6755. To get fast and online quotes for standalone umbrella insurance carriers, try Coverage Cat.
Does Farmers Sell Auto Insurance?
Yes, Farmers sells auto insurance in almost every state.
Policyholders who agree to have their driving monitored via the Farmers Signal app on their mobile phones and demonstrate safe habits with respect to braking, acceleration, speed, time of day they drive and other variables may be eligible for discounts.
How Does Farmers Insurance Work?
To get a quote, you can either contact a Farmers Insurance Agent in your area or get an online quote. Depending on your state and the type of insurance you need, you might be able to get a quote and even purchase a policy online, but some Farmers quotes require an additional call with an agent to complete.
Pros and Cons of Farmers
Pros
- Farmers offers many types of insurance, coverage options, and policies are highly customizable for customers.
- Hybrid and other alternative fuel cars often benefit from preferential pricing.
- Farmers insurance is available in a majority of states.
Cons
- Average prices for Farmers Insurance are higher than the national average, according to US News and World Report.
- J.D. Power’s 2024 survey of customer satisfaction for auto insurance ranked Farmers companies below regional averages in most regions.
- A Consumer Reports survey conducted between 2017 and 2022 gave Farmers a 3 out of 5 on processing homeowners policy claims and an overall satisfaction rate of 51 out of 100.
Get Customer Support Or File A Claim For Farmers Insurance
Farmers Insurance policyholders can access customer support through Farmers’ dedicated mobile app, their online account, phone, or an online chat service.
Phone Support: 888-327-6335
File a Claim with Farmers Insurance
Farmers insurance policyholders can file a claim through their mobile app, online, or by phone.
To file a claim online, click here.
To file a claim by phone, call 800-435-7764 or get spanish language assistance at 877-732-5266
Frequently Asked Questions
Should I Buy Farmers Insurance?
Deciding whether to buy Farmers Insurance depends on your coverage needs and preferences. If you need specific insurance, Farmers’ wide range of insurance products, including auto, home, and personal umbrella insurance, with supplements and riders, could meet your needs.To figure out if it’s the right option for you, compare their offers, price, customer service reputation, and the convenience of their services. Do you live in Washington, California, Texas, New York, or Florida? Then Coverage Cat can do the work for you!
Is Farmers Insurance a Real Insurance Company?
Yes, Farmers Insurance is a real insurance company, headquartered in California. Founded in 1928, it is nearly 100 years old. Farmers Insurance is made of three separate insurance exchanges, and contains a variety of insurance companies that operate under the Farmers Insurance umbrella. To see a list of all Farmers Insurance Companies, [click here].
In November 2023, Farmers’ rating from Standard & Poors increased from negative to stable because it has increased its capital to meet future insurance payout obligations. AM Best maintained its Financial Strength Rating of A for Farmers Insurance Group in July 2024.
How Does Farmers Insurance Make Money?
Farmers Insurance makes money through the premiums paid by its policyholders for its insurance policies, by investing the cash from the premiums, and by managing its expenses, including claims and operating costs.
Is Using Farmers Insurance Worth It?
Farmers Insurance can meet the needs of a wide variety of customers who need homeowners and auto owners insurance. As with most auto insurance policies, its prices are less expensive for experienced drivers with good records. For new and senior drivers, they can be significantly more expensive than competitors. The only way to know for sure whether Farmers Insurance is right for you is to compare your auto, home, and umbrella insurance quote with Coverage Cat. We'll find you the best possible offers, and make it easy to buy your best possible policy.
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