Farmers Insurance Review & Complaints: Home, Business & Auto Insurance (2024)

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Farmers Car Insurance Overview

Looking for a full Farmers Insurance review? Everything you need to know is here.

Farmers Insurance Exchange is part of a major group of insurance companies operating across the United States. The original company was started to provide auto insurance, and they still do that to this day – although now it also offers home insurance, life insurance, and other coverage options through several companies.

Farmers Insurance Group is one of the ten largest car insurance companies in the nation. True to its roots, it continues to operate as an exchange and are owned by its policyholders.

It’s one of the best-known insurance companies in the country, with Farmers Insurance agents found in small towns and large cities across America. But if you’re shopping for an auto insurance policy, you may be wondering: is Farmers Insurance a good choice for you?

Read more: How can I cancel my car insurance policy with Farmers Insurance?

You want a company you can trust, that will offer you good value, and that will be there for you in the event of a claim. How do you know if even a big-name insurance provider like Farmers will do all those things?

Continue reading for all the details on Farmers that you will need in order to make that call.

We’ll cover Farmer’s products, including Farmers home insurance, its prices, and its reputation in this review, so you can compare them to your other options and choose the best car insurance for your needs. Enter your ZIP code above to get a FREE insurance quote today.

What are Farmers Insurance reviews and ratings?

There are several trusted sources for insurance company ratings out there. They can provide a balanced view of Farmers Insurance, from financial stability to customer satisfaction.

Here are the ratings for Farmers – read on below for a breakdown of what each of these means.

Farmers Car Insurance Ratings

The first three ratings on the table above are all related to Farmers’ financial stability and credit outlook. That’s not something people give a lot of thought to when shopping for car insurance, as a general rule, but it is information worth having.

You’re giving your money to an insurer with the understanding that if something goes seriously wrong, it will be there to cover you. A company that doesn’t have a solid financial footing may find itself in a position where it can’t keep up its end of the bargain.

A.M. Best is probably the best-known financial rating company. It gives Farmers an A rating, which is an “Excellent.” There is one step higher than this, which is a “Superior” rating of A+ or A++. Excellent is, well, excellent. It indicates Farmers is financially stable.

Both Moody’s and Standard & Poor (S&P) are also financial rating companies, focusing a bit more on creditworthiness, although financial strength is definitely a part of it. Farmers rates well with both.

The Better Business Bureau (BBB) rates companies on the number of complaints received compared to the size of the company, the company’s response to and ability to close those claims, and other factors like length of time in business.

Farmers’ A+ is the top rating from the BBB. They have 775 complaints on file in the past three years, which isn’t high for a company this large.

J.D. Power’s ratings probably carry the most clout of any, since the name is so well-known and companies like to brag when they win one of the J.D. Power awards. Farmers ranks pretty well here.

Of the two national car insurance surveys, it ranks best in the claims satisfaction area – which is a vital part of an insurance provider’s reputation.

There are also regional surveys of car insurance satisfaction from J.D. Power, and Farmers’ ranking varies in different areas. You can easily check the regional ranking on the J.D. Power site.

Similar to J.D. Power, Consumer Reports gathers company information and ranks them based on a variety of factors. The top-ranking available is 100, and Farmers’ score is pretty high. Competitors State Farm and GEICO have the same rating.

Finally, we looked at the complaint data gathered by the National Association of Insurance Commissioners (NAIC), which gathers complaint information on insurance companies.

Farmers’ complaint index is below the national median of 1.16, which means it has fewer complaints in relation to the number of customers than average.

What is Farmer’s company history?

Farmers was founded in 1928 by partners Jack Leavey and John Tyler, and originally served farmers – hence the name. The Farmers Automobile Inter-Insurance Exchange began with door-to-door sales and survived the Great Depression that hit not long after its founding.

By paying out auto damage claims in a 1930s California earthquake, Farmers became the pioneer of comprehensive auto insurance. It would continue to innovate and offer new types of coverage in the following decades.

Read more: Does my car insurance cover damage caused by an earthquake?

The company expanded nationwide, acquiring several other companies along the way and expanding into many types of insurance coverage. In 1998 Farmers itself was acquired by Zurich Financial Services.

What companies does Farmers Insurance own?

Today Farmers operates as a group of companies that includes the three major exchanges, one of which is the main company, Farmers Insurance Exchange.

Moving another level down the organization chart, there are a handful of fairly popular insurance companies that ride under the Farmers banner. They include:

• Foremost
• Bristol West
• 21st Century Insurance
• Farmers New World Life Insurance Company

In 2015, Farmers ranked as the fifth-largest car insurance company in the U.S. with five percent of the market share.

It dropped into ninth place in 2016 with 2.56 percent of the market share. That number rose back up close to the 2015 level in 2017 at 4.48 percent, earning it a ranking of seventh.

The car insurance industry has been leaning in favor of direct-buy companies for several years, with internet-centric insurers like GEICO and Progressive climbing the ranks to the detriment of old-school agent-driven companies like Farmers.

The 2016 drop, however, seems to be an anomaly as the company recovered a lot of ground the following year.

What is Farmers’ sales approach?

Farmers operates with a captive agent model, which means that its products are sold by agents that work solely and specifically for Farmers. That’s different from an independent agent that sells policies from a variety of companies. (For more information, read our “What is the difference between a captive and independent car insurance agent?“).

The main source of sales for Farmers is its agents.

Like most such companies, it has adapted to the modern age, and some policies can be purchased online. It also has sales available by phone.

Insurance policies that aren’t sold directly by an agent are assigned to an agent. That means that even if you buy your policy online, you will have an agent and that person will earn a commission from your policy.

You can choose your own agent rather than a randomly assigned agent, but all policies are serviced by someone specific.

How does Farmers advertise?

Since 2010, Oscar-winning actor J.K. Simmons has been the face of Farmers and appears in their advertisements playing University of Farmers’ Professor Nathaniel Burke.

The current ad campaign from Farmers follows a history of showing the many claims the company has covered. Based on real claims files, the “Hall of Claims” ads show some of the more absurd and laughable claims the company has seen.

“We know a thing or two because we’ve seen a thing or two” sums up the company’s view of the many situations it has handled.

Farmers has had basically the same logo since its inception, although in 2013 it saw an update, freshening the look but keeping the same idea. The company finishes each ad with the simple “We are Farmers” slogan.

The general approach is to present Farmers as the company that can be trusted because it’s been around a long time and has seen and covered just about anything imaginable.

We’ll look at how well it lives up to that promise.

Does Farmers provide any community service?

Farmers is involved in a variety of philanthropic activities benefiting local communities and focused on some specific groups.

The Suits for Soldiers campaign is part of a company-wide initiative to assist veterans with transitioning to civilian life. The program gathers and distributes professional attire to veterans entering the civilian workforce.

Farmers also provides various education and job opportunities for veterans directly with the company and as agents.

The company supports agent and employee efforts with their Volunteer Incentive Program and Matching Education Gifts Program.

The Farmers Family Fund takes care of employees and their families directly by providing financial assistance in times of crisis or unexpected hardship.

A number of the company’s efforts are focused on disaster preparation and response, as well as rebuilding communities affected by disasters such as tornadoes and hurricanes.

Each year, Farmers gives grants to schools through the Thank America’s Teachers program; in 2018, it gave away more than $1 million in grants.

What is Farmers’ position for the future?

Farmers is an old company that is successfully moving into the modern age, a necessity for old-school insurers in the age of the mobile app and no-middle-man insurance sales.

Although its place in the market share ranking has changed over the years, it remains a top-ten company on stable financial footing.

Farmers’ customer service ratings have been improving, and it appears to be responding to the needs of today’s insurance shopper. It’s likely to remain a strong competitor into the future.

What are the employee demographics?

Nearly 60% of Farmers employees have been with the company for up to 10 years, according to Great Places to Work.

They’re split pretty evenly by category in a further breakdown; 20% fall into the under two years category, while another 20% fall into the six to ten-year category, and 19% have been with Farmers 2-6 years. Fourteen percent of the company’s employees have a tenure of more than twenty years at their Farmers Insurance careers.

Employees generally have a positive impression of the company. Farmers made the 2019 Fortune list of the Best Places to Work at number 91 and ranked 26 among insurance and financial services companies.

83 percent of Farmers employees surveyed say it’s a great place to work.

Farmers’ workforce is pretty diverse in terms of age, with 39 percent born before 1997 and 40 percent born between 1965 and 1980.

Has Farmers won any awards and accolades?

We have already noted that Farmers earned a spot on the Fortune list of best places to work, but that is not the only way the company has been recognized.

In 2018, Insurance Nexus named Farmers their Carrier of the Year, an award presented to the company that has shown exceptional innovation in claims in the previous year.

Farmers has also been honored by the Human Rights Campaign as one of the companies to earn a full 100 – the highest score – on their Corporate Equality Index.

The index ranks companies on their dedication to the inclusion of the LGBTQ+ community. The ranking earns Farmers a spot on the list of Best Places to Work for LGBTQ+ equality.

Does Farmers have cheap car insurance rates?

Farmers isn’t generally seen as a low-cost car insurance company, nor does it try to position itself that way.

Agent-driven insurers, as a general rule, put customer service and good coverage as the top draw for customers over price. That doesn’t mean that Farmers isn’t going to have competitive rates – it depends on several factors including where you live.

Farmers doesn’t offer car insurance in every state. Its rates vary, sometimes below and sometimes above average, and can be further affected by factors like driving record.

We’ll look at many samples of Farmers rates covering a variety of scenarios to see where they offer the cheapest premiums.

What are Farmers rates by state?

Below are some sample rates for Farmers in all the states.

Farmers tends to have rates below the average in the Midwest, with the cheapest state being Minnesota. Rates in the Land of 10,000 Lakes are more than 28 percent below average.

The most expensive state to carry Farmers as your auto insurer is Hawaii, where rates are 86 percent above average.

How do Farmers rates compare to other companies?

Here’s a look at Farmers compared to nine other top companies on a state-by-state basis.

Top Providers Average Monthly Premiums Compared by State

You’ll note that while Minnesota stands out as the cheapest state for Farmers, it isn’t the cheapest option among the top companies in that state – in fact, most of the top companies have rates that are below average.

What are Farmers rates by commute?

Does Farmers ding you on rates for having a long commute? Take a look at the average rates.

Farmers Average Monthly Car Insurance Rates by Commute Length

The answer is not really – Farmers shows a very small increase in annual rates for a daily commute that’s more than double the length.

What are Farmers rates by coverage level?

Insurance companies generally increase the cost of a policy based on the amount of coverage it includes. This makes sense since the possible payout in a claim increases based on the limits you choose, so they charge more for higher limits. Below you’ll see rates for Farmers at three levels of coverage.

It will cost you close to $600 a year to make the jump from low to high coverage, which breaks down to less than $50 a month. For many people, that’s a lot of money to add to the monthly budget, but if you have a lot of assets to protect it’s well worth the expense.

What are Farmers rates by credit history?

Most companies (in states where they are legally permitted to do so) use credit history as one of the factors for calculating rates. People with poor credit pay the most; at Farmers, the difference between poor and fair credit is around $1,000.

The average credit score in America for 2017 was 675, according to Experian. 21.2 percent of people had a score of below 600, which would likely put them in Farmers’ most expensive category.

What are Farmers rates by driving record?

A clean record will always get you the best insurance rates no matter the company. But accidents happen and mistakes are made – so how much will they cost you at Farmers?

A DUI will cost you more than either a speeding ticket or an accident, but none of the sample situations shown have an astronomical increase in rates. Still, the clean record is by far the cheapest rate.

Read more: Will my insurance premium increase if I file a car insurance claim with Farmers?

What insurance products does Farmers offer?

Let’s take a look at the extensive list of product offerings.

• Car Insurance – Like most large consumer insurance companies, this is its bread and butter. Whether you are looking for a state minimum liability or full coverage policy, Farmers can make it happen.
• Home Insurance – Homeowners insurance and condo insurance fall under this category. Customers can get standard coverage options, as well as popular add-ons like scheduled personal property and identity theft protection.
• Renters Insurance – Similar to home insurance policies, except they do not cover the structure. Farmers’ renters insurance policies are fairly standard compared to competitors’ offerings.
• Life Insurance – These products are not technically sold under the primary Farmers Insurance brand but rather a subsidiary. The usual suspects are available: term life insurance, whole life insurance and variable life insurance.
• Business Insurance – Although typically thought of as a personal insurance company, Farmers does offer several business insurance products such as workers compensation, business liability insurance, business auto, and commercial property.
• Motorcycle Insurance – It’s easy to assume that GEICO is the only company that sells motorcycle insurance, since it seems to be the only one advertising it. However, Farmers offers basically the same coverage.
• Recreational Insurance –  Farmers offers coverage for RVs, boats, off-road vehicles, motor homes, travel trailers, and 5th wheels.
• Umbrella Insurance – This serves as an extension of auto and home insurance policies, by adding a sizeable amount to the overall liability coverage. It also can fill in the gaps where a typical home insurance policy may fall short. For example, if you are sued for libel or slander, umbrella policies can often pick up the attorney fees and/or judgment costs.

What types of car insurance coverage are offered by Farmers?

As an insurance provider, Farmers writes both liability-only and full coverage auto insurance policies, with a range of options and add-ons that can customize your coverage.

The basics of a car insurance policy start with your state’s legal requirements. Depending on where you live, that may include some form of no-fault insurance coverage in addition to bodily injury and property damage liability.

Farmers has a full range of liability products available, some of which are only available in specific states to meet no-fault laws.

• Bodily Injury Liability
• Property Damage Liability
• Uninsured/Underinsured Motorist Bodily Injury
• Uninsured/Underinsured Motorist Property Damage
• Personal Injury Protection (PIP)
• Medical Payments (Med Pay)

Depending on where you live, some of the above may be optional coverages. Farmers also offers a good selection of additional coverage, including the most popular options

• Collision coverage
• Comprehensive
• Towing and Roadside Assistance
• Rental Reimbursement
• New Car Replacement
• Customized Equipment
• Personal Liability Umbrella
• Accident Forgiveness
• Loss of Use (flat fee coverage)
• Glass Buy-Back
• Original Equipment Manufacturer (OEM) Parts

Farmers’ list of options is a little more extensive than some other companies and includes some unusual options. The Loss of Use coverage, in particular, stands out since it will pay not just for a rental vehicle but also for costs like taxi or rideshare fares.

It pays out one flat amount you can use however you like to get around while your car is being repaired.

Can I bundle with Farmers?

Farmers offers quite a few bundling options. In addition to a discount for having more than one policy in force with the company, you can bundle auto insurance with home, life, renters, and umbrella coverage.

Some specialty policies can also be bundled, such as a boat policy. Bundling options depend on the state, and so does the amount – if any – of the discount for bundling.

What are the additional options from Farmers?

Farmers generally shies away from trendy car insurance add-ons, but that doesn’t mean it doesn’t offer some of the latest options.

Rideshare insurance coverage from Farmers is available for anyone who drives for a service like Uber or Lyft, helping to fill in the coverage gaps between a personal insurance policy and the commercial liability provided by the rideshare company.

Classic & Collector Car coverage is a special car policy that provides the right protection for vehicles of special value. The policy includes coverage at car shows including trips abroad, replacement parts coverage, and agreed value coverage for a total loss.

Farmers Car Shopping Service with TRUECar is the company’s vehicle purchasing service, which helps make shopping for a new or used car easier and can provide a lower purchase price as well as other benefits.

Farmers Guaranteed Repair Program connects customers with approved repair shops that will offer guaranteed work and direct claims service.

Farmers is a little behind the curve when it comes to usage-based insurance. Its program, called Signal, was launched in 2017. The app not only tracks driving behavior but also aims to reduce distracted driving by monitoring signs of phone use.

Read more: What is the difference between agreed value and actual cash value car insurance coverage?

What is Farmers’ area of operation?

Farmers writes auto insurance policies in all states and the District of Columbia.

Does Farmers offer discounts?

Farmers lists the available discounts by state. To provide a list of options, we chose the company’s home state of California; not all of these will be available in every state, but they should be similar.

There’s no information given in regards to the percentage of the discount earned for any of the listed options. Here’s what’s available in California:

• Multi-Car
• Multi-Line
• Business and Professional Group
• Driver Training
• Good Student
• Alternative Fuel
• Loyalty
• Homeowner
• Anti-lock Brakes
• Anti-Theft Device
• Electronic Stability Control
• Passive Restraint (seatbelts and airbags)
• Good Driver
• Senior Defensive Driving
• Military
• Full Payment
• Paperless Billing/Documents

This list includes all of the most common discounts. They also have a few that are less common, such as the military and alternative fuel discounts.

Farmers also offers a variety of discounts to a wide range of professionals and group members. It’s well worth asking if you belong to any of the groups that get a rate cut.

How can I get a Farmers quote?

Farmers’ online quoting system allows you to compare its rates to other companies before you buy and without the need to call an agent.

Quotes can be started right from the Farmers’ home page. To get started, you will need to enter your ZIP code.

The next page will ask you to enter your name, address, date of birth, and gender, and also ask if you are currently insured.

Farmers will then use this information to pull up records for your name and address, starting with the information about your vehicles. You can select from the list of vehicles or add any that aren’t listed.

Next, you will confirm driver information, and after this, the quoting system will ask for your email address and phone number.

This is the point of no return for avoiding solicitation; Farmers will pass your contact information to the local agent who is assigned to your quote, and they’ll follow up either on the phone or via email.

Like most agent-driven insurance companies, Farmers counts on agents to close the deal.

If you aren’t willing to enter your contact information here, you won’t be able to complete the quote online. This is also the point where Farmers will ask for your social security number, but entering it is optional.

Here’s what Farmers requires you to provide to get a quote online.

Bear in mind that if you like the quote and want to proceed, you will have to provide all of the information listed, and if you don’t enter your social during the quote it could affect the final rate.

Can I use the Farmers website and app?

The Farmers website is well-designed, and it’s easy to locate the most common pieces of information. Drop-down menus take visitors directly to product details, claims procedures, and company information.

The front-page quote box takes you right to the quote system if you’re just looking for numbers.

The website does lack some detail, particularly in the area of product details. The site doesn’t provide a lot of clear information on the coverage options, and we found we had to dig a bit for discount information. Even then, the amount of each discount wasn’t listed.

This lack of detail is meant to encourage visitors to reach out to an agent – like we already said, agents are trained to close the deal. Certainly, talking to an agent isn’t a bad thing and can help you to better understand your options, but we would like to see more detail readily available online.

The Farmers Mobile App can be downloaded free for iPhone or Android. It offers the following features:

• Access to policy details
• Electronic proof of insurance
• Claims filing and tracking
• Billing and payments
• Agent contact

The app has a 4.8 rating in the iTunes app store, and a 3.9 rating on the Google Play store. Most users declare it easy to use, although a few report difficulty with launching the app and registering for an account.

What are the pros and cons of Farmers Insurance?

We’ve covered a lot of information about Farmers, but what does it all really come down to? As with most companies, you will have to weigh Farmers’ strengths against the areas where they are weaker and decide what that means for you.

Farmers is a long-standing company that has been working hard to improve the claims experience and stay on top of technology.

It offers a good combination of the old-school agent service and the modern approach. It’s unlikely, to be the cheapest option for most people, but the cheapest is not always the best.

Do you still have some questions about Farmers? We have a few more common questions and answers here, and you can head over to the Farmers website for more. Before you go, enter your ZIP code for free quotes from top companies.

Farmers Insurance Claims Process

Ease of Filing a Claim

Farmers Insurance Group offers a convenient and user-friendly claims process. Policyholders have the flexibility to file claims online, over the phone, or through mobile apps. This multi-channel approach ensures that customers can choose the method that best suits their preferences and needs.

Whether you prefer the convenience of submitting a claim through a mobile app or prefer speaking with a representative over the phone, Farmers Insurance has you covered.

Read more: How long does it typically take for Farmers to process a car insurance claim?

Average Claim Processing Time

While specific claim processing times may vary depending on the nature and complexity of each claim, Farmers Insurance is known for its efficient claims processing. They strive to process claims in a timely manner, allowing policyholders to receive the necessary assistance and payouts when they need it most.

For more precise information on claim processing times, it’s advisable to reach out to Farmers Insurance directly or consult your policy documents.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback is an essential aspect of evaluating an insurance company’s performance in handling claims. Farmers Insurance has received positive reviews and feedback from customers regarding their claim resolutions and payouts.

The company’s commitment to fair and prompt claims handling has contributed to its reputation for customer satisfaction. To gain insights into the experiences of Farmers Insurance policyholders, you can explore online reviews and testimonials.

Digital and Technological Features of Farmers Insurance

Mobile App Features and Functionality

Farmers Insurance provides a comprehensive mobile app that offers a range of features and functionality. Policyholders can access their insurance information, view policy documents, pay premiums, and even file claims directly through the mobile app.

Additionally, the app may offer features such as digital ID cards, roadside assistance requests, and the ability to contact customer support. The Farmers Insurance mobile app is designed to enhance the convenience of managing your insurance on the go.

Online Account Management Capabilities

Managing your insurance policies and accounts online has never been easier with Farmers Insurance. The company offers robust online account management capabilities, allowing policyholders to make policy changes, update personal information, and review policy details from the comfort of their computers or mobile devices.

This online portal provides a convenient way to stay in control of your insurance coverage.

Digital Tools and Resources

Farmers Insurance understands the importance of providing digital tools and resources to assist policyholders in making informed decisions about their coverage. These resources may include online calculators to estimate insurance needs, educational articles and guides, and access to policy documents.

The aim is to empower customers with the information they need to understand their insurance options fully. Farmers Insurance’s commitment to digital and technological features reflects its dedication to meeting the evolving needs of modern consumers.

Whether you prefer managing your insurance digitally or through traditional means, Farmers Insurance aims to provide a seamless and user-friendly experience.

Farmers Insurance Review & Complaints: The Bottom Line

Farmers’ strongest feature is its customer service, which translates into a speedy claim process and potentially discounted rates for customers.

Farmers has a strong coverage network with more than 48,000 exclusive and independent agents and approximately 21,000 employees available across all 50 states, but not the District of Columbia.

Based on customer reviews of Farmers, policyholders are likely to have a good experience when interacting with the company’s employees.

In terms of price, Farmers offers rates far higher than major competitors for both home and auto insurance.