Farmers Auto Insurance Review for 2020

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Chris Tepedino is a feature writer that has written extensively about auto insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and Cinncinati.com. ...

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Reviewed by Rachael Brennan
Licensed Insurance Agent

UPDATED: Nov 17, 2020

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When Farmers first started out, it mainly focused on providing insurance protection to farmers and their equipment. Today, however, it is a well-known player in the insurance industry with offices and agents in over 90% of the country. In addition to auto policies, Farmers specializes in homeowner's insurance, life insurance, and even pet health insurance, to name just a few.

Farmers Insurance Review

At the start, Farmers seems like a pretty good company. There are several ratings agencies which give Farmers either an A or an A+ rating, which means their finances should be strong enough to pay out on claims. As far as customer care goes, the Better Business Bureau and the NAIC also give farmers a good score.

Ratings Agency Rating
A.M. Best (2016) A
S&P (2016) A+
BBB (2016) A+
NAIC 0.79 (better than the market average of 1)

Farmers Insurance Discounts

Farmers sells their insurance products to over 90% of the country; odds are that there is a Farmers office located near you. However, because of different laws in every state, not all discounts may be available in all areas, or for the maximum amount listed here. Lastly, it should be noted that some of these discounts only apply to certain parts of your policy (such as Comprehensive/Collision or Medical Payments) as opposed to the entire policy as a whole:

Discount Type Discount %
Multi-Policy (Auto + Home) 17%
Multi-Policy (Auto + Renter) 5%
Good Driver 20%
Alternative Fuel Vehicle 10%
Good Student 10%
Student Away at School 14%
Defensive Driver 5%
Occupation Affinity Group 5%
Anti-Lock Brake 5%
Advance Purchase Credit 3-10%

Farmers Auto Insurance Options

As you might expect, Farmers offers all of the basic coverage options to get you legally covered: Liability, Collision, Comprehensive, Uninsured/Underinsured Motorist, Medical Payments, and PIP. But to give you more options and the ability to craft a policy that is uniquely you, Farmers also offers the following optional coverages for purchase:

  • New Car Pledge
  • Accident Forgiveness
  • Small Claim Forgiveness
  • Incident Forgiveness
  • Loss of Use
  • No Fault, No Foul
  • Comprehensive Claims Forgiveness
  • Personal Umbrella Coverage
  • Towing & Roadside Assistance
  • Glass Repair Services
  • Car Rental Reimbursement
  • Extended Customized Equipment Coverage
  • Farmers Rideshare

Comparing Farmers Insurance Quotes

If you think that the generically low quotes some companies advertise on TV will apply to you, you might want to reconsider that assumption. Insurance quotes are based on your personal circumstances, and those circumstances could mean the difference between an affordable premium, and a hefty monthly bill:

Farmers Auto Insurance Quote ComparisonLegend: Farmers Married HomeownerPoor CreditSingle RenterImperfect Record 153045607590105120135150165$93$168$109$169

For a Farmer's customer driving an economic sedan in middle America, we've estimated some quotes based on available data. As you can see, having poor credit or having a few minor tickets on your driving record can substantially raise your rate with Farmers. The most substantial savings from Farmers, according to our research, is reserved for those who get a bundling discount by also purchasing homeowner's insurance along with an auto policy.

Pros and Cons of Farmers Insurance

Pro Con
Parent company provides strong financial foundation Farmers may be more expensive in certain states
Trains their own agents via Farmers University Mixed reviews for appraisals and rental car services
Enforces caps on premium increases for renewed policies

Farmers Insurance is strong in some ways, but has some weaker spots that might not make it ideal for every driver. For starters, they have a strong financial base and will likely be around and capable of paying out claims for many years to come. On the other hand, it seems like their lowest rates are reserved for homeowners with perfect driving records and flawless credit - which is hardly the case for most drivers. Either way, comparing Farmers quotes with multiple free quotes online is the best option for finding affordable insurance coverage.

 

Corporate Headquarters
10850 Lowell Avenue
Overland Park, KS 66210
www.farmers.com
1-913-661-6300

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