Farmers Insurance Logo

Farmers Insurance

Is This Your Business?
star star star star star_half
3 User Reviews

Founded in 1928, Farmers Insurance is a long-standing insurance company that serves clients across the United States.

Its renters insurance policies offer the most essential coverage, including liability and personal property coverage.

In addition to renters insurance, you can also buy life insurance, car insurance, and homeowners insurance from Farmers.

While there is limited insight into the customer experience with Farmers Insurance, its industry experience and robust insurance offerings distinguish it from other renters insurance companies.

As the company moves forward, its mission remains the same: continue serving our communities and helping people protect what matters most to them.

Read Farmers Renters Insurance Reviews

Top Ranked Companies

thumb_up

The Good

  • High Financial Strength Ratings
  • Fast Quoting Process
  • Good Insurance Product Options
  • Renters Insurance Discounts

High Financial Strength Ratings

Farmers Insurance has earned high financial strength ratings that show its financial stability and likelihood to be able to meet its claims obligations.

These ratings are important because you'll want your insurer to be able to make claims payments if you ever have to file one.

Quoting Process

Farmers makes it extremely easy to get a renters insurance quote. To start the process, you'll will need to give some basic personal information, such as your name and address.

Next, Farmers will ask about the place of residence - is it an apartment complex, home, duplex, single-family home, or manufactured home? Farmers will also need to know if you have roommates or one of you runs a business from home.

Upon entering that information, Farmers will determine (and adjust) their property and liability coverage.

The entire process should only take around two to three minutes and should update your monthly premium if you make changes to your insurance policy.

The ability to quickly view insurance rates online is a nice benefit of working with Farmers.

Good Insurance Product Options

Farmers's renters insurance includes liability, personal property, and relocation costs. Liability coverage includes damage to others' property and medical payment coverage if someone is injured on your property.

The inclusion of relocation costs makes Farmers's policies stand out.

Like other insurers, you can add personal articles floaters to your policy to cover specific, expensive items. Adding these items may increase your insurance cost.

You can also add optional coverage for stolen electronics and identity theft. Including these coverage options can also affect your renters insurance rate.

Renters Insurance Discounts

Many residents are eligible for the following discounts on a renters insurance policy:

  • Multi-Policy Discount — qualify to save when bundling renters with auto, life, or umbrella policy
  • Non-Smoker Discount — Famers offers a special incentive for households that have been smoke-free for at least two consecutive years
  • Security System or Fire Alarm Discount — customers may qualify for discounts if there is an approved electronic security system or fire alarm
thumb_down

The Bad

  • Billing Fees
  • Minimal Customer Insight
  • Limited Policy Specifications Online

Billing Fees

Those with automatic bank payments who are not enrolled in the paperless billing option will be charged a maximum service charge of $2 (as allowed by state law).

Those who are paying their monthly premiums with automatic credit or debit card payments will be charged a maximum service charge of $5 (as allowed by state law) per account per installment/month.

Additionally, Farmers Insurance charges a $10 late fee if a payment is not received by the due date.

Minimal Customer Insight

Farmers has a small number of reviews on BestCompany.com, which means we cannot make a full recommendation based on the customer experience.

However, Farmers Insurance is well-established in the industry and has good coverage options and discounts.

Limited Policy Specifications Online

Farmers only offers general information about its renters insurance policies on its website.

For further information, you'll need to work with a Farmers agent or reach out to the company directly another way.

Other insurers offer more information about exclusions and policy options, like including replacement cost coverage instead of actual value coverage.

While this lack of information can be frustrating if you're in the research stages or prefer to do everything online, Farmers Insurance is still a good insurance provider to work with.

gavel

The Bottom Line

Overall, Farmers Insurance provides renters insurance coverage that is comparable to most other companies in the industry.

There are a few ways to save on your monthly bill, so it's wise to talk with your insurance agent about which discounts you qualify for.

However, consumers should watch out for the insurance company's service fees and be sure to enroll in automatic bank payments with paperless billing.

Was this content helpful?
thumb_up Yes thumb_down No

Star Rating

4.4

star star star star star_half

3 Reviews

Review Breakdown

5 grade

33%

4 grade

67%

3 grade

0%

2 grade

0%

1 grade

0%

Sentiment Criteria

Value

star star star star star_half

Quality

star star star star star_half

Service

star star star star_half star_border

Trustworthiness

star star star star star_half
cancel

Filter by:

arrow_drop_down

Sort by:

arrow_drop_down
info
check_circle

Review Source

star star star star star

Eddie Rios Ogden, UT

Farmers Insurance gave me excellent premiums and kept costs low for my renter's insurance. I always felt that they protected me from any possible losses in case unfortunate things happened. I feel it is a good choice to insure and Farmers Insurance is a good option that will help you and save money at the same time.

1 year ago

check_circle

Review Source

star star star star star_border

Justin McMurtrey South Jordan, UT

Farmers is a good company. We have used them for insuring our rental properties. They have good products. They are not usually the cheapest, but I think they give you great value for what you get.

1 year ago

check_circle

Review Source

star star star star star_border

Ebony Oakland, CA

I currently have Farmers car insurance. I like that I can easily text and call my personal insurance agent and he can answer my questions and concerns immediately.

1 year ago

We're on a mission to empower consumers to make the best decisions and connect confidently with companies that deserve their business.

© 2021 BestCompany.com LLC - All rights reserved Privacy Policy | Terms | Do Not Sell My Personal Information