Farmers Insurance Review 2025

Farmers Home Insurance Review

Farmers offers dependable home insurance with customizable coverage, a wide range of optional add-ons, and strong support from local agents. It’s a good fit for homeowners who want flexibility and personalized service. While premiums may be higher than average, many policyholders find the value to be worth the cost due to the breadth of coverage and available discounts. Overall, it’s a solid choice for those seeking comprehensive protection and a more hands-on insurance experience.

Farmers Homeowners Insurance Quotes

As of 2025, the average cost of a Farmers homeowners insurance policy is about $2,506 per year, or approximately $209 per month, based on $300,000 in dwelling coverage. That’s noticeably higher than the national average, which is roughly $2,110 annually, or about $176 per month.

The higher premium reflects Farmers’ focus on offering more comprehensive coverage options and personalized service through its network of local agents. While it may not be the most budget-friendly choice, many homeowners feel the extra cost is worth it for the peace of mind and flexibility the coverage provides.

As always, actual rates will vary depending on factors like your home’s location, age, condition, and your own insurance history, so it’s best to get a personalized quote to see how Farmers compares in your specific situation.

Who Is The Company Cheap For, And Who Is It Expensive For?

Farmers may offer competitive home insurance rates for:

• Bundled Policyholders – Customers who combine home and auto policies can access meaningful discounts.
• New Homeowners – Recently built homes often qualify for lower rates.
• Claim-Free Customers – Homeowners with no recent claims history may see reduced premiums.
• Safe Homes – Properties with modern safety features, such as alarms and smart detectors, may be eligible for discounts.

Farmers tends to be pricier for:

• Older Homes – Older properties may lead to higher premiums due to a greater risk of repairs.
• High-Risk Areas – Homes in regions prone to natural disasters (like wildfires or hurricanes) usually cost more to insure.
• Frequent Claimants – A history of home insurance claims will likely drive up rates.
• Standalone Policyholders – Those not bundling with other Farmers policies may miss out on multi-policy savings.

Is Farmers Home Insurance Expensive Compared To Other Companies?

Farmers Home Insurance Discounts

Farmers offers a variety of discounts to help homeowners lower their insurance premiums. These savings can be applied based on how you pay, the type of home you have, its construction or protection, and your customer history. Here’s a breakdown of common discounts:

Policy And Payment Discounts:

• Multi-Policy (Bundling): Save when you combine home insurance with Farmers auto, life, or other policies.
• Claim-Free: Receive a discount if you haven’t filed a claim for at least three consecutive years.
• Preferred Payment: Get savings for paying in full, in two installments, or setting up automatic payments.
• ePolicy Discount: Choose paperless billing and document delivery for a lower rate.
• Good Payer: Earn a discount by consistently making on-time payments.

Home And Safety Feature Discounts:

• New Home Discount: Homes under 14 years old often qualify for lower rates.
• Protective Devices: Installing smoke alarms, security systems, or fire sprinklers can help reduce premiums.
• Home Safety Features: Leak detectors, automatic gas shutoff valves, and reinforced roofing may qualify for savings.
• Green Home Discount: Energy-efficient homes with certifications like ENERGY STAR or LEED may be eligible for additional savings.
• UL Roofing Discount: Using UL-approved roofing materials, like asphalt or fiberglass shingles, can reduce costs.

Affinity And Loyalty Discounts:

• Affinity Discount: Available to members of certain professions, degrees, or military status (active duty, veteran, etc.).
• GroupSelect Discount: Offered to employees or members of partnered businesses or associations.
• Rent-to-Own Discount: Customers who’ve held a Farmers renters policy for over a year may save when switching to a homeowners policy.

Farmers Home Insurance Coverage

Farmers offers a wide range of homeowners insurance coverage options that can be tailored to meet your needs. Here’s a breakdown of the standard protections and optional add-ons available:

Standard Coverages:

• Dwelling Coverage: Protects the physical structure of your home against damage from covered events like fire, windstorms, or hail.
• Other Structures: Covers detached buildings on your property, such as garages, sheds, and fences.
• Personal Property: Insures belongings inside your home, including furniture, appliances, and electronics, against theft or damage.
• Loss of Use: Pays for temporary living expenses if your home becomes uninhabitable due to a covered loss.
• Personal Liability: Provides legal and financial protection if someone is injured on your property or if you accidentally damage someone else’s property.
• Medical Payments to Others: Covers medical bills if a guest is injured on your property, regardless of who’s at fault.

Optional Coverages:

• Extended Replacement Cost: Offers additional dwelling coverage if repair or rebuilding costs exceed your policy limit.
• Guaranteed Replacement Cost: Ensures full coverage to rebuild your home, even if costs are higher than expected.
• Water Backup: Covers damage from backed-up sewers or sump pump overflows.
• Identity Theft Protection: Helps with the cost of restoring your identity if it’s stolen.
• Valuable Personal Property: Increases limits on high-value items like jewelry, collectibles, and artwork.
• Ordinance or Law: Pays for rebuilding to meet current building codes after a covered loss.
• Matching Siding and Roofing: Covers the cost to match undamaged areas with new materials after repairs.
• Home Sharing Coverage: Offers protection if you rent your home through platforms like Airbnb or Vrbo.
• Cyber and Identity Shield: Protects against digital threats and offers identity monitoring services.
• Emergency Mortgage Assistance: Helps cover your mortgage payments if your home is uninhabitable due to a covered claim.
• E-bike and Golf Cart Coverage: Adds protection for these types of recreational vehicles, which are not typically included in standard policies.

Pros And Cons Of Farmers Home Insurance

Pros

• Unique add-ons like matching roof and siding coverage
• Offers coverage for home-sharing and short-term rentals
• Emergency mortgage assistance not commonly found elsewhere

Cons

• Limited online quoting for complex properties
• Some specialty coverages require agent-only setup
• Fewer perks for long-time policyholders compared to competitors

Farmers Life Insurance Review

Farmers offers a solid lineup of life insurance products, including term life, whole life, and universal life policies. Coverage is available for a wide range of needs, from short-term financial protection to long-term estate planning. Some policies are available without a medical exam, making them more accessible for older applicants or those with health concerns.

The company is financially strong and generally receives positive marks for customer satisfaction. While pricing may not always be the most competitive, Farmers’ flexible policy options and access to dedicated agents make it a good choice for people who value personalized service and clear guidance when purchasing life insurance.

Farmers Life Insurance Quotes

On average, a healthy 30-year-old non-smoker can expect to pay between $30 and $35 per month for a 20-year term life policy with $500,000 in coverage from Farmers. That’s slightly more expensive than the national average, which is around $26 per month for similar coverage.

While Farmers’ rates aren’t the lowest on the market, they may be reasonable depending on your profile and needs. The company’s strong reputation, flexible policy options, and access to local agents help justify the higher cost for some buyers.

Who Is The Company Cheap For, And Who Is It Expensive For?

Who Might Find Farmers Life Insurance Affordable:

• Young, healthy individuals under age 40
• Non-smokers in good physical condition
• Customers bundling with other Farmers policies

Who Might Find It Expensive:

• Older applicants, especially those over 50
• Tobacco users or people with certain health conditions
• Shoppers looking for low-cost, no-frills term life policies

Farmers tends to focus more on customer service and flexibility than bargain pricing, so it’s often a better fit for those who value guidance over the lowest possible premium.

Farmers Life Insurance Discounts

Farmers offers several discounts on life insurance policies to help customers save on premiums. While the availability and specifics of these discounts can vary by state and individual circumstances, here are some common ways to reduce your life insurance costs with Farmers:

• Multi-Policy Discount: Bundling your life insurance with other Farmers policies, such as auto or home insurance, can lead to savings on your premiums.
• Preferred Payment Discount: Opting for automatic payments or paying your premium in full may qualify you for additional discounts.
• Good Payer Discount: Maintaining a consistent payment history without late payments can make you eligible for this discount.
• Affinity Discount: Members of certain professions or organizations, such as teachers, military personnel, or first responders, may receive special rate reductions.
• Loyalty Discount: Long-term customers who have maintained their policies with Farmers over several years might be rewarded with loyalty-based savings.
• Healthy Lifestyle Discount: Applicants who demonstrate healthy habits, such as non-smoking or maintaining a healthy weight, may qualify for lower premiums.

Farmers Life Insurance Coverage

Farmers offers a wide variety of life insurance policies to meet different financial needs and life stages. These include term life, permanent life, and specialty options. Here’s a breakdown of the main coverage types available:

Term Life Insurance

Term life provides affordable coverage for a set period—usually 10, 20, or 30 years.

• Simple Term: No medical exam required in many cases, quick approval, and coverage starting around $75,000.
• Value Term: Requires a medical exam but offers higher coverage amounts, up to $10 million, with level premiums throughout the term. This type of policy is ideal for short-term needs like mortgage protection or supporting children until adulthood.

Whole Life Insurance

Whole life policies offer lifelong protection as long as premiums are paid and include a guaranteed death benefit and cash value accumulation.

• EssentialLife Simple Whole Life: Available from infancy through age 80, with coverage typically between $15,000 and $250,000.
• Graded Death Benefit Whole Life: Designed for those with health concerns—full death benefit kicks in after a few years. These policies work well for those seeking fixed premiums, long-term coverage, and the ability to build cash value over time.

Universal Life Insurance

Universal life offers lifetime coverage with flexible premiums and death benefits.

• EssentialLife Universal Life: Allows for adjustments in both premium payments and coverage levels, and builds cash value over time. Best for people who want lifelong protection with more control over how and when they pay.

Indexed Universal Life Insurance

This version of universal life lets you tie your cash value growth to a stock market index, like the S&P 500. It includes downside protection, meaning your cash value won’t decrease if the market drops. It’s suited for long-term savers looking for both life insurance and growth potential.

Final Expense Insurance

Final expense policies are whole life plans with smaller benefit amounts, usually between $5,000 and $30,000. They’re designed to cover funeral costs and medical bills and often don’t require a medical exam, making them a practical choice for older adults.

Optional Riders

Farmers also offers a variety of riders to enhance or personalize your policy:

• Accelerated Death Benefit Rider: Access part of your death benefit if diagnosed with a terminal illness.
• Waiver of Premium Rider: Waives premium payments if you become disabled.
• Child Term Rider: Provides limited life insurance coverage for your children.
• Guaranteed Insurability Rider: Lets you buy more coverage in the future without another medical exam.

Pros And Cons Of Farmers Life Insurance

Pros

• Multiple policy types for different life stages
• No medical exam options available for some plans
• Strong financial stability and long-standing reputation

Cons

• Premiums are higher than many competitors
• Limited availability for some policy types in certain states
• Fewer online tools compared to digital-first insurers

Farmers Renters Insurance Review

Farmers offers basic and reliable renters insurance designed to protect your personal belongings and provide liability coverage in the event of theft, fire, or other covered events. While it includes standard protections like personal property, liability, and loss of use, the coverage options are somewhat limited compared to more flexible providers.

This policy is best suited for renters who already have other Farmers products, as bundling can help lower overall costs. However, Farmers’ renters insurance may not be the most competitively priced on its own, and it lacks some of the digital conveniences that tech-forward competitors offer. Overall, it’s a decent option for those looking for simplicity and the support of a local agent.

Farmers Renters Insurance Quotes

Farmers renters insurance typically costs around $17 per month, or about $203 per year. This is slightly more expensive than the national average, which tends to fall between $12 and $15 per month for similar coverage.

While it may not be the cheapest option available, the added cost can reflect the value of working with a local agent and bundling opportunities for those who already have other Farmers policies. It’s a better fit for renters who prioritize service and policy coordination over rock-bottom pricing.

Is Farmers Renters Insurance Expensive Compared To Other Companies?

Farmers Renters Insurance Discounts

Farmers offers several discounts to help renters lower their insurance premiums:

• Multi-Policy Discount: Save by bundling renters insurance with other Farmers policies like auto, life, or umbrella insurance.
• Paperless Billing Discount: Opting for electronic statements and communications can qualify you for a discount.
• On-Time Payment Discount: Maintaining a history of timely payments may make you eligible for additional savings.

These discounts can vary by state and individual circumstances, so it’s advisable to consult with a Farmers agent to determine which discounts apply to your situation.

Farmers Renters Insurance Coverage

A standard Farmers renters insurance policy typically includes:

• Personal Property Coverage: Protects your belongings, such as furniture, electronics, and clothing, against risks like theft, fire, and vandalism.
• Personal Liability Protection: Covers legal expenses and damages if you’re found responsible for injuries to others or damage to their property.
• Loss of Use Coverage: Pays for additional living expenses, like hotel stays and meals, if your rental becomes uninhabitable due to a covered loss.
• Medical Payments to Others: Covers medical expenses for guests injured on your property, regardless of fault.

Optional coverages include identity theft protection, replacement cost coverage for personal property, and additional protection for high-value items through personal articles floaters.

Pros And Cons Of Farmers Renters Insurance

Pros

• Comprehensive coverage options, including identity theft protection.
• Availability of multiple discounts to reduce premiums.
• Strong financial stability and customer service reputation.

Cons

• Premiums may be higher than some competitors.
• Limited availability in certain states.
• Some optional coverages may require additional premiums.

What Do People Say About Farmers?

Positive Reviews

1. Responsive and Helpful Agent
    A customer praised their Farmers Insurance agent for being responsive and helpful over a 25-year relationship. The agent was commended for guiding them to appropriate products without pushing unnecessary coverage, handling auto, home, life insurance, and investments effectively.
2. Efficient Claims Handling
    Another reviewer highlighted a positive experience with Farmers’ claims department, noting that their claim was processed promptly and the communication was clear throughout the process. They appreciated the professionalism and efficiency demonstrated during a stressful time.

Negative Reviews

1. Poor Claims Communication
    A customer reported difficulties in getting updates on a claim after a minor accident. They experienced delays in communication, with representatives failing to provide documentation or timely responses. The situation led to frustration over increased premiums and perceived lack of transparency.
2. Unresolved Policy Cancellation
   Another reviewer expressed dissatisfaction with Farmers Insurance’s handling of a policy cancellation. Despite providing necessary documentation after the passing of both parents, the company continued automatic withdrawals and failed to cancel the policy, leading to financial and emotional distress.