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Farmers Insurance

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5 User Reviews

Farmers Insurance is a reliable insurance provider. Its life insurance selection is competitive for the industry, and it offers helpful online resources as you evaluate your life insurance needs.

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Customer Review: Kristiane R Durfey from Pleasant Grove, Utah

"We have a bunch of life insurance policies with Farmers. We have a couple on my husband, one on myself and one on each of my 6 children. Their policies seem straightforward, the payments are automatic and we get quarterly or biannual statements from them. Farmers is a big company and we don't see any problems in the future with them not living up to the agreement in the policies. The peace of mind of knowing you are covered is comforting."

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Top Ranked Companies

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The Good

  • High Financial Strength Ratings
  • Good Policy Selection
  • Helpful Resources

High Financial Strength Ratings

Farmers had received high financial strength ratings. High ratings are common for insurance companies because they indicate the insurer's financial stability and the likelihood it will be able to make future claims payments. You don't want to deal with your life insurance provider filing for bankruptcy.

Good Policy Selection

Farmers offers a range of life insurance policies. Whether you're looking for term life insurance, permanent life insurance, or even accidental death insurance, you can find a good option from Farmers.

Farmers offers two term life insurance policies: Farmers Simple Term and Farmers Value Term. These policies offer level premiums and the ability to convert to a permanent policy according to specified terms. Farmers Value Term allows for higher coverage levels and requires a medical exam for underwriting.

Farmers offers two whole life insurance options: Farmers EssentialLife® Simple Whole Life and Farmers® Graded Benefit Whole Life. The Farmers® Graded Benefit Whole Life is similar to a final expense policy. It offers lower coverage levels and eligibility is based on answers to three health questions. 

The Farmers EssentialLife® Simple Whole Life policy is a better fit for people interested in a whole life policy. Whole life insurance policies have set rates and guaranteed cash value growth.

You can also find universal life insurance from Farmers. You can opt for an indexed policy or Farmers EssentialLife® Universal Life policy. Universal life insurance offers more flexibility with coverage and premium levels than whole life insurance. These policies also allow you more control over how the policy's cash value is invested.

Farmers offerings make it competitive for the industry.

Helpful Resources

Like other life insurance companies, Farmers offers helpful online resources. Its Life Compass® page covers common misconceptions. Its calculator page identifies factors to consider when determining your coverage level.

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The Bad

  • Contact Information Required for Quote
  • Limited Customer Insight

Contact Information Required for Quote

Before you can receive an insurance quote from Farmers, you must provide contact information. Sometimes providing your contact information can lead to sales calls. If you're still in the research phase, you may prefer to work with another company to receive a quote.

Limited Customer Insight

Farmers life insurance has not received many reviews on BestCompany.com, so conclusions about customer satisfaction are unavailable. However, it's a good sign that the Farmers life insurance reviews received are mostly positive.

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The Bottom Line

Although more customer reviews are necessary for a fuller picture of the customer experience, Farmers life insurance is worth considering. The insurer has high financial strength ratings and a good policy selection. These factors make it easier to find a policy that meets your needs and show that Farmers is financially stable.

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Star Rating

4.2

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5 Reviews

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40%

3 grade

20%

2 grade

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1 grade

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Jaqueline Trandler West Jordan, UT

We filed a claim through farmers for their insured, keep in mind we were 100% not at fault in the accident, the adjuster refused to come out and assess the damage in person. Refused to send someone out on his behalf as well. We sent the photos (twice, the adjuster stated they never recieved them, even though i had confirmation) He calls my husband a week or so later and provided a settlement that didn't even include replacing our bumper when it has a crack in it! He also included junk yard parts to replace our grill! Never, ever will we insure ANYTHING with Farmers.

3 years ago

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Review Source

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Kristiane R Durfey Pleasant Grove, UT

We have a bunch of life insurance policies with Farmers. We have a couple on my husband, one on myself and one on each of my 6 children. Their policies seem straightforward, the payments are automatic and we get quarterly or biannual statements from them. Farmers is a big company and we don't see any problems in the future with them not living up to the the agreement in the policies. The peace of mind of knowing you are covered is comforting.

2 years ago

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Review Source

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Ron Durfey Pleasant Grove, UT

I have life insurance for myself, my wife, and each of my six children. I have appreciated the visits and meetings with my Farmers agent to help me determine if I have the coverage I need for my family. Great company with great agents.

1 year ago

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Lindsey B Orem, UT

We had an add-on life insurance policy with our auto insurance and felt like it was overpriced. The coverage we got for our money wasn't anything to make it worth while. I would recommend using another life insurance provider if you are looking for a good coverage to price ratio.

2 years ago

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Tonya

I've not had any problems with them, although I've not had to cash out any policy either

3 years ago

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