Business Yield examines Farmers Insurance’s coverage options, costs, and standing with clients and in-depth in our review to determine how it stacks up against the top auto insurance providers.
Farmers Car Insurance Review
While Farmers provides good coverage options, its high average costs for different driver types leave a lot to be desired, so those looking for a better deal might want to look elsewhere.
Advantages of Farmers Insurance
- Farmers Insurance has add-on coverages like accident forgiveness and new car replacements that come in handy after an accident.
- They offer rideshare insurance coverage for drivers who work for Uber or Lyft.
- Farmers provide non-owner insurance products and file for SR-22 insurance.
- a low volume of automobile insurance-related complaints to state insurance departments.
- They offer a usage-based insurance product called Signal that could help drivers who practice safe driving reduce the cost of their auto insurance.
Disadvantages of Farmers Insurance
- It has more expensive prices than average for almost all driver types when compared to top rivals.
- The cost of Farmer’s Vehicle Insurance is particularly high for young and elderly drivers.
- Does not provide disappearing deductibles or gap insurance.
Farmers Car Insurance Companies
Having its headquarters in California and issuing policies since 1928, Farmers Insurance is a reputable and well-known supplier of auto insurance. From specialized insurers to smaller regional carriers, the Farmers Insurance Group of Companies covers a wide range of insurance-related topics.
Furthermore, Farmers has prices that are competitive with those of other major insurers and a broad selection of policy options to satisfy almost any demand. Continue reading to find out more about your options for coverage and what to anticipate as a prospective Farmers Insurance policyholder.
Farmers Car Insurance Claims
With regard to customer service during the claims process, respondents who had insurance with Farmers were generally satisfied with the company, awarding it a 4.0-star rating out of 5.0.
Furthermore, participants gave the company a 3.9 out of 5 rating for satisfaction with the settlement or claim outcome.
If you need to file a claim, please call 1-800-435-7764.
For all other matters, please call 1-888-327-6335.
Mon-Fri 7am-11pm CST
Sat-Sun 8am-8pm CST
Or contact your Farmers agent.
Farmers Car Insurance Cost
The average annual cost of full-coverage Farmers auto insurance is $2,807.00. That is about $650 higher than the $2,148 average yearly national rate. With the exception of Allstate, most other major insurers have more expensive yearly average rates than Farmers.
| Company | Average annual rate for drivers with a clean record |
| State Farm | $1,431 |
| American Family | $1,547 |
| Travelers | $1,751 |
| Geico | $2,009 |
| Nationwide | $2,016 |
| Progressive | $2,075 |
| Farmers | $2,807 |
| Allstate | $3,110 |
| USAA* | $1,120 |
| Credit: Nerdwallet | |
Farmers Car Insurance Rates vs. Competitors
The following shows how farmers car insurance ranks against its competitors:
Farmers Car Insurance Rate Comparison for Good Drivers
| Company | National average annual rates |
| USAA | $1,412 |
| Geico | $1,716 |
| State Farm | $1,959 |
| Nationwide | $2,041 |
| Progressive | $2,157 |
| Farmers | $2,381 |
| Allstate | $3,000 |
Farmers Car Insurance Rate Comparison for Drivers With a Speeding Ticket
When compared to top competitors, Farmers has higher-than-average rates for drivers who receive a speeding ticket. It’s a good idea to compare rates on auto insurance from several different providers because they differ considerably.
| Company | National average annual cost for drivers with a speeding ticket |
| USAA | $1,709 |
| Geico | $2,098 |
| State Farm | $2,311 |
| Nationwide | $2,439 |
| Progressive | $2,793 |
| Farmers | $3,014 |
| Allstate | $3,213 |
Farmers Car Insurance Rate Comparison for Drivers Who Caused an Accident or Injury
For drivers who have caused an accident that results in injuries to another person, farmers’ auto insurance rates are relatively high. Our examination of premiums from leading insurers yielded a nationwide average of $3,074 annually.
| Company | National annual average cost for drivers who caused an accident with injury |
| USAA | $2,093 |
| Geico | $2,487 |
| State Farm | $2,554 |
| Nationwide | $3,050 |
| Progressive | $3,050 |
| Farmers | $3,446 |
| Allstate | $3,870 |
Farmers Car Insurance Rate Comparison for Drivers With a DUI
Farmers’ auto insurance rates are somewhat lower than the $3,537 annual average cost of car insurance for drivers with a DUI in the country.
| Company | National average annual cost for drivers with a DUI conviction |
| USAA | $2,751 |
| Progressive | $2,776 |
| State Farm | $3,235 |
| Geico | $3,451 |
| Farmers | $3,517 |
| Nationwide | $3,677 |
| Allstate | $3,856 |
Farmers Car Insurance Rate Comparison for Drivers With Poor Credit
Farmers auto insurance premiums are a little pricey for drivers with bad credit.
| Company Name | National average annual cost for drivers with poor credit |
| Geico | $2,426 |
| USAA | $2,594 |
| Nationwide | $2,771 |
| Farmers | $3,921 |
| Allstate | $4,028 |
| Progressive | $4,215 |
| State Farm | $5,051 |
Farmers Car Insurance Rate Comparison for Adding a Teen Driver
| Company | Increase per year for adding a 16-year-old driver |
| Nationwide | $1,774 |
| Geico | $1,952 |
| USAA | $2,036 |
| State Farm | $2,124 |
| Progressive | $2,225 |
| Farmers | $3,780 |
| Allstate | $3,948 |
Farmers Car Insurance Rate Comparison for Young Drivers Ages 18 to 25
| Company | National average annual cost for young drivers |
| USAA | $2,774 |
| Geico | $3,332 |
| State Farm | $3,795 |
| Nationwide | $4,268 |
| Farmers | $5,420 |
| Progressive | $5,791 |
| Allstate | $5,999 |
Farmers car insurance cost comparison for senior drivers age 70 and 80
Compared to its top rivals, Farmers offers higher auto insurance rates for drivers between the ages of 70 and 80.
| Company | National average annual cost for senior drivers |
| USAA | $1,674 |
| Geico | $2,057 |
| State Farm | $2,085 |
| Nationwide | $2,154 |
| Progressive | $2,481 |
| Farmers | $2,849 |
| Allstate | $3,163 |
Farmers Car Insurance Discounts
Farmers Insurance provides a variety of discounts, particularly for responsible drivers.
#1. Good student discount:
You may qualify for discounted pricing if you have a full-time student under 25 in high school or college who has good grades (3.0 GPA, dean’s list, honor roll, or top 20% of the class).
#2. Distant student discount:
If your child doesn’t have access to your car and is at least 100 miles away from school, you can save money.
#3. Youthful driver discount:
You may be eligible for a young driver discount if the drivers on your insurance are under 25 and the policy has been in effect for at least a year.
#4. On your own discount:
Purchasing your own Farmers coverage can result in savings if you’re under 29 and moving out on your own. You must have had a Farmers policy in your prior household for at least the last 12 months in order to qualify for this discount (for example, you may have been covered by your parent’s policy).
#5. Homeowner discounts:
Get paid less since you own your home.
#6. Multiple-policy discounts:
When you combine your Farmers home and auto insurance, be sure to take advantage of these savings. When you combine your auto insurance with a qualified life, umbrella, specialty, or small business insurance policy, you can also save money.
#7. Multiple-car discounts:
This savings applies to Farmers insurance for multiple vehicles.
If you have a driver under the age of twenty and more drivers than cars in your home, you can save money.
#9. Alternative fuel discount:
When you drive a hybrid or other alternative fuel car, you can receive up to 5% in savings on all major coverage categories.
#10. Affinity discount:
You may be eligible for a discount if you belong to, work for, or are a retiree of specific businesses, professional associations, or occupational groupings.
#11. Military discount:
If you are a member of the armed forces, whether you are on active duty, in the reserves, retired, or a veteran with a clean discharge, you may also be eligible for an affinity discount.
#12. ePolicy discount:
By being paperless and signing up for ePolicy, you can save money.
#13. EFT discount:
If you set up automatic payments and pay on a monthly basis, you can receive a discount.
#14. Pay in full discount:
By paying the entire payment at the beginning of your term, you can save money.
#15. Good payer discount:
You can save money if you have made on-time payments and haven’t incurred late fees in the previous 12 months.
#16. Anti-lock brakes discount:
Your automobile may qualify for a discount if anti-lock brakes were fitted at the factory.
#17. Anti-theft discount:
You can qualify for a discount if your automobile has an anti-theft device, like an alarm or protection gadget.
#18. Homing device discount:
You are eligible for this discount if you have a tracking system that is approved by Farmers and can find your car in the event of theft.
#19. VIN etching discount:
If Farmers requests to have your VIN etched on glass (and other surfaces), you can receive a discount because it can help in the event that the vehicle is stolen.
#20. Daytime running lights discount:
In the event that your car has daytime running lights, you might save.
#21. Passive restraint discount:
You can get a discount if your automobile has automated seatbelts or airbags.
#22. Safe driver discount:
Remain debt-free by keeping your driving record spotless.
#23. Defensive driver discount:
This discount, which is also available to drivers over 55 who have finished a state-approved safe-driving training course within the last three years, is also known as a mature driver discount or senior driver discount in some states.
Does Farmers Insurance have a good reputation?
Yes, Farmers Insurance received great grades for both industry reputation and customer service. Farmers Insurance is a respectable insurance provider.
Does Farmers Insurance offer Accident Forgiveness?
Yes, Farmers provides insurance against accidents. For every three years that you drive without an at-fault accident, farmers will forgive one, so you won’t have to pay more for auto insurance for a single incident.
Does Farmers Insurance offer New Car Replacement?
Yes, Farmers provides replacement coverage for new cars. Farmers pay for the expense of trading in a totaled new car for one of the same brand and model. Note that the vehicle had to have been produced in the first two model years and have fewer than 24,000 miles on it.
Does Farmers Insurance offer Gap Insurance?
No, Farmers does not provide insurance for loan or lease gaps. If your automobile is totaled or stolen, gap insurance pays the difference between what the car was worth and what you owe.
Does Farmers Insurance offer a Diminishing Deductible?
No, Farmers does not offer the option of a decreasing deductible. Some insurance companies have policies that lower the deductible if there aren’t any collision or comprehensive claims for a predetermined amount of time.
Does Farmers Insurance offer SR-22s?
Yes, you can get SR-22 insurance from Farmers Insurance. Risky drivers, such as those with a history of moving violations, may be required by state law to get an SR-22 certificate attesting to their possession of the minimum amount of liability insurance required to drive a vehicle. States have different requirements for SR-22s, including how long a motorist must keep one on file.
Does Farmers Insurance offer Usage-Based Insurance?
Yes, Farmers offers an insurance plan called Signal that is dependent on consumption. It uses a smartphone app to track a driver’s movements.
Does Farmers Insurance offer Pay-Per-Mile Insurance?
No, there isn’t a pay-per-mile auto insurance option offered by Farmers. Mileage-based insurance schemes offered by certain auto insurers have a basic fee followed by a per-mile charge. Individuals who drive seldom might find value in a pay-per-mile insurance plan.
Yes, Farmers provide rideshare insurance for drivers who work for ridesharing services like Uber and Lyft. They are covered by insurance for the period of time that passes between when a rider accepts a ride and when they are dropped off.
What is the cheapest car insurance in Texas?
State Farm has the cheapest car insurance at $29/month.
Is Farmers Insurance the most expensive insurance?Â
Farmers Insurance offers one of the priciest auto insurance providers that we looked at. A good driver’s annual premium for full coverage is $2,381.
What is the credit rating for Farmers Insurance?
Farmers Insurance Group (Farmers) has an A (Excellent) Financial Strength Rating (FSR) and an “A” (Excellent) Long-Term Issuer Credit Rating (Long-Term ICR) from AM Best.
Who owns Farmers Insurance?
Based in Switzerland, Farmers Group, Inc. is a fully owned subsidiary of Zurich Insurance Group.
Why is Farmers Insurance raising rates?
The RateWatch program from S&P Global Market Intelligence indicates that Farmers Insurance Group of Cos. raised their rates by 14.8%.
What was the old name of Farmers Insurance?
In 1910, Farmers New World Life Insurance Company was founded in Spokane, Washington, as Catholic Life Insurance Company. It changed its name to New World Life Insurance Company later that year. Thereafter, it was purchased by Farmers Group, Inc. in 1953. Its original name, Farmers New World Life Insurance Company, was changed in 1954.
Why is Farmers Insurance pulling out of California?
The dangers of calamity are causing insurers to pull out of Florida and California. Due to the increasing frequency and destructiveness of catastrophic weather events brought on by global warming, Farmers and other insurers such as Allstate and State Farm have started to remove their insurance offerings in some states.
Who is the CEO of Farmers Insurance?
Farmers Insurance’s Chief Executive Officer is Raul Vargas.Â
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