What’s New with Farmers Insurance Review?
Starting in 2023, Farmers began a voluntary withdrawal of its Farmers-branded auto, home, or umbrella policies in Florida. However, it still offers coverage through its subsidiaries, including Foremost Insurance and Bristol West Insurance. In California, Farmers announced plans to expand its home insurance offerings in 2025, now accepting 9,500 new customers per month after previously limiting new policies in 2023.
Farmers Insurance Review for Car
Farmers Insurance received a Score of 3.8 out of 5. While the company provides a variety of robust coverage options that set it apart from competitors, it falls short in digital shopping experience per J.D. Power’s rankings. However, if you prefer a personalized car insurance policy, Farmers may be a suitable choice.
Coverage Options on Farmers Insurance Review
Farmers offers some of the most comprehensive coverage options available, including:
- Standard coverage (liability, collision, and comprehensive)
- New car replacement
- Accident forgiveness
- Full windshield and glass coverage
- Customized equipment coverage for aftermarket additions (stereos, custom wheels, etc.)
Pros and Cons of Farmers Car Insurance
Pros:
- Extensive coverage options not commonly available with other insurers
- Large network of 48,000+ exclusive and independent agents nationwide
- Fewer-than-average customer complaints, per NAIC data
Cons:
- Lower-than-average J.D. Power customer satisfaction and digital shopping scores
- No 24/7 customer service availability
Farmers Car Insurance Cost
Farmers’ car insurance rates are above the national average:
- Full coverage: $3,398 per year (National average: $2,670)
- Minimum coverage: $1,084 per year (National average: $773)
Rates by Driving History:
| Driver Profile | Farmers Full Coverage Premium | National Full Coverage Premium |
|---|---|---|
| Good driver, good credit | $3,375 | $2,638 |
| Good driver, poor credit | $6,212 | $4,644 |
| Speeding ticket | $4,131 | $3,204 |
| At-fault accident | $5,131 | $3,774 |
| DUI conviction | $7,482 | $5,106 |
Rates by Age:
| Age | Farmers Full Coverage Premium | National Full Coverage Premium |
| 16 | $7,314 | $5,675 |
| 18 | $6,771 | $4,894 |
| 20 | $7,462 | $5,374 |
| 25 | $4,117 | $3,251 |
| 30 | $3,524 | $2,813 |
Farmers Insurance vs. Competitors
| Company | Avg. Full Coverage Premium | Avg. Minimum Coverage Premium |
| Farmers | $3,375 | $1,085 |
| State Farm | $2,887 | $911 |
| Progressive | $2,388 | $711 |
| Allstate | $3,297 | $917 |
| USAA | $1,897 | $604 |
Farmers Life Insurance Review
Farmers offers a variety of life insurance policies through its underwriting company, Farmers New World Life Insurance. Policyholders can choose from term, whole, universal, and indexed universal life insurance, as well as various riders for customization.
Pros and Cons of Farmers Life Insurance
Pros:
- No medical exam required in many cases
- Multiple policy types and riders available
- No maximum death benefit limit on Value Term life policies
Cons:
- No guaranteed acceptance life insurance policy
- Not rated by J.D. Power
- Cannot finalize purchases online; must go through an agent
Farmers vs. Other Life Insurers
If Farmers doesn’t meet your needs, here are some alternative insurers:
- The Hartford: Best for seniors (AARP members required)
- Liberty Mutual: More life insurance riders and digital tools
Is Farmers Insurance a Good Company?
Farmers Insurance may be a good fit if:
- You want comprehensive coverage with various add-ons
- You prefer bundling multiple insurance policies under one provider
- You value having a large agent network for in-person service
However, if you prioritize digital experience and lower rates, Farmers might not be the best choice.
Real Customer Feedback
According to discussions on Reddit and other forums, Farmers’ higher rates can be a major drawback. However, policyholders who require specialized coverage options often find the additional cost worth it.
Bottom Line on Farmers Insurance Review
Farmers Insurance is a well-established provider with a broad range of policies, making it ideal for those seeking customized coverage and bundled discounts. However, it comes at a premium cost and lacks strong digital tools compared to competitors. To determine if Farmers is right for you, consider requesting a personalized quote and comparing rates with other insurers.
Want to know more about other insurances, Read our latest articles.
