Farmers Car Insurance Review 2024

Farmers Car Insurance Review

Farmers Car Insurance Review 2024 Farmers provides good coverage options and has a low number of car insurance complaints reported to state insurance departments. However, the high prices for policies may not meet your expectations, so you might consider exploring other options. Farmers Insurance started in 1928 with a focus on insuring vehicles for rural farmers. Today, the company insures more than 10 million households across the country, totaling more than 19 million policies in force.

Outlines Of Guide

Farmers Car Insurance Review 2024

In 2024, Farmers Car Insurance continues to be a popular choice for drivers looking for reliable coverage. With its comprehensive policies and competitive rates, Farmers Car Insurance provides peace of mind on the road. Customers appreciate the company’s responsive customer service and efficient claims process, which helps to minimize stress in the event of an accident or damage to their vehicles. Additionally, Farmers Car Insurance offers various discounts and benefits that cater to different driver profiles, making it an attractive option for both new and experienced drivers. Overall, if you’re in the market for car insurance, Farmers is definitely worth considering for its solid reputation and commitment to customer satisfaction.

Farmers Car Insurance Pros And Cons

When it comes to Farmers car insurance, there are both pros and cons to consider. One of the main advantages of Farmers is its wide range of coverage options, including liability, collision, comprehensive, and uninsured/underinsured motorist coverage. This allows customers to customize their policy to meet their specific needs. Additionally, Farmers offers a variety of discounts that can help drivers save money on their premiums. On the downside, some customers have reported difficulty with claims processing and customer service. It is important to carefully weigh the pros and cons before making a decision on car insurance coverage.

Pros

  • Has optional coverages that are helpful after an accident, such as new car replacement and accident forgiveness.
  • Drivers for Uber or Lyft can obtain rideshare insurance with Farmers.
  • Farmers offers SR-22 insurance filings and non-owner insurance policies.
  • Has a usage-based insurance program (Signal) that may help lower the car insurance costs for drivers who show safe driving behaviors.

Cons

  • Has higher-than-average rates for almost every type of driver compared to top competitors.
  • Farmers auto insurance costs are especially pricey for young drivers and senior drivers.
  • Does not offer gap insurance or a vanishing deductible.

About Farmers Car Insurance Review 2024

Farmers Car Insurance has been providing reliable coverage for drivers for many years, and their 2024 review is no exception. With a strong reputation for customer service and competitive rates, Farmers Car Insurance continues to be a top choice for many drivers. Their comprehensive coverage options include liability, collision, and comprehensive insurance, as well as additional features like roadside assistance and rental car reimbursement. In addition to their solid coverage options, Farmers Car Insurance also offers discounts for safe driving habits and bundling policies. Overall, the 2024 review of Farmers Car Insurance reaffirms their commitment to providing quality coverage and excellent customer service to their policyholders.

Farmers Car Insurance Rates vs. Competitors

When it comes to car insurance rates, Farmers Insurance offers competitive prices that are comparable to other industry leaders. The exact rates offered may vary depending on factors such as age, driving history, and the type of coverage required. However, Farmers prides itself on providing affordable and customizable insurance options that cater to each individual’s needs. Additionally, Farmers offers a range of discounts for safe driving, multiple policies, and other qualifying factors that can further reduce your insurance premiums. It’s always a good idea to shop around and compare rates from different providers to ensure you’re getting the best deal for your unique situation.

Farmers Car Insurance Cost Comparison for Good Drivers

According to our analysis, Farmers is the most expensive car insurance company for good drivers. Its average cost is significantly higher than the national average of $2,026 per year. While the reasons behind this high cost may vary, it is important for consumers to compare quotes from different insurers before making a decision. Factors such as location, age, and driving record can also impact the final price of a policy. As such, it is essential to shop around and evaluate different options to find the best coverage at an affordable price.

Company National average annual cost for good drivers
USAA $1,364
Nationwide $1,436
Travelers $1,521
Geico $1,597
Erie $1,642
Progressive $1,826
State Farm $2,025
Allstate $2,896
Farmers $3,093

Farmers Car Insurance Cost Comparison for Drivers With a Speeding Ticket

If you are a farmer with a speeding ticket and looking for car insurance, comparing the cost of different insurance policies can help you find an affordable option. Several factors, including your driving record, age, and location, can impact the cost of your car insurance. However, by researching different insurance providers and their rates, you can make an informed decision that suits your budget and needs. It’s worth noting that some companies offer discounts for safe driving habits or bundling multiple policies together. Farmers has much higher rates for drivers with a speeding ticket when compared to top competitors.

Company National average annual cost for drivers with a speeding ticket
USAA $1,661
Nationwide $1,878
Erie $1,899
Travelers $2,062
Geico $2,150
State Farm $2,270
Progressive $2,350
Allstate $3,312
Farmers $3,951

Farmers Car Insurance Cost Comparison for Drivers Who Caused an Accident With Injury

Farmers’ auto insurance premiums are higher than average for those who have caused accidents resulting in injuries. According to an analysis of rates from leading insurers, the national average for such incidents is $3,009 annually. It is important to note that individual circumstances and driving histories can affect insurance premiums and rates may vary depending on the state you live in. As a result, it’s essential to speak with your insurance provider to determine the best coverage options and rates for your specific needs.

Company National average annual cost for drivers causing an accident with injury
USAA $1,958
Erie $2,224
Travelers $2,293
Nationwide $2,337
State Farm $2,428
Geico $2,748
Progressive $2,770
Farmers $4,412
Allstate $4,545

Farmers Car Insurance Cost Comparison for Drivers With a DUI

Drivers with a DUI pay an average of $3,363 per year for car insurance, with Farmers’ car insurance costs being approximately $900 higher.

Company National average annual cost for drivers with a DUI conviction
Progressive $2,307
USAA $2,604
Travelers $2,610
Erie $2,665
State Farm $2,716
Nationwide $3,083
Geico $3,723
Farmers $4,272
Allstate $4,315

Farmers Car Insurance Cost Comparison for Drivers With Poor Credit

Farmers auto insurance charges higher rates for drivers with poor credit than the national average. In fact, their average rates for such drivers exceed $1,000 more than the national average of $3,847. Insurance companies justify these high rates by claiming that a person’s credit score is related to their likelihood of filing insurance claims. As a result, those with poor credit scores are often charged significantly higher rates. However, there are some states that have banned the use of credit history in calculating auto insurance rates. These states include California, Hawaii, Massachusetts and Michigan. While this may provide some relief for drivers in those states with poor credit scores, it is important for all drivers to maintain good credit scores to avoid being charged higher insurance rates.

Company National average annual cost for drivers with poor credit
Nationwide $2,051
USAA $2,450
Geico $2,482
Travelers $2,699
Progressive $3,221
Erie $3,701
Allstate $4,531
Farmers $4,889
State Farm $7,961

Farmers Car Insurance Cost Comparison for Adding a Teen Driver

Adding a 16-year-old driver to a parent’s car insurance policy can easily increase rates by an extra $2,000 a year. Our analysis found that the national average cost is $2,359 a year, among the companies we analyzed. Farmers car insurance cost to add a teen driver is around $460 below the average, at $1,900 a year.

Company Increase per year for adding a 16-year-old driver
Nationwide $893
Erie $1,606
Farmers $1,900
Progressive $2,062
Geico $1,982
USAA $2,466
Allstate $2,643
State Farm $2,622
Travelers $2,728

Farmers Car Insurance Cost Comparison for Young Drivers Ages 18 to 25

Farmers car insurance rates for drivers aged 18 to 25 are significantly higher than the national average of $3,704 per year, based on our evaluation. Young drivers can reduce costs by staying on a parent’s policy for as long as possible and inquiring about student discounts.

Company National average annual cost for young drivers
USAA $2,368
Erie $2,575
Travelers $2,638
Geico $2,781
Nationwide $2,881
State Farm $3,643
Progressive $3,704
Allstate $4,764
Farmers $5,225

Farmers Car Insurance Cost Comparison for Senior Drivers Ages 65 to 80

Drivers aged 65 to 80 may find that Farmers car insurance prices are higher compared to other top competitors. According to our analysis of large insurers, the national average for car insurance is around $2,150 per year. In contrast, Farmers charges nearly $1,050 more than the average. When shopping for car insurance, it’s important to compare prices and coverage options from multiple providers to ensure you get the best deal possible. Factors such as age, driving record, and vehicle type can affect insurance rates and should be taken into consideration when making a decision.

Company National average annual cost for senior drivers
Nationwide $1,402
USAA $1,455
Travelers $1,668
Geico $1,793
Erie $1,831
Progressive $1,937
State Farm $2,009
Allstate $2,996
Farmers $3,199

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Auto Insurance Complaints Against Farmers

Farmers has a lower rate of auto insurance complaints compared to the industry average, as reported by state insurance departments nationwide. The primary auto insurance complaints for Farmers pertain to claim delays, inadequate claim settlement offers, and claim denials.

Farmers’ Grade from Collision Repair Professionals: C

According to a survey conducted by CRASH Network, Farmers received a C grade from collision repair professionals. The survey took into account the viewpoints of auto body specialists, which hold significance as they assess insurers’ adherence to car manufacturers’ repair recommendations, use of subpar repair parts, and the effectiveness of insurers’ claims processes in delivering prompt and satisfactory outcomes for customers.

Does Farmers Offer Accident Forgiveness?

Certainly! Farmers provides accident forgiveness insurance, which entails forgiving one at-fault accident for every three years of accident-free driving, thereby preventing an increase in auto insurance rates for a single accident.

Does Farmers Offer New Car Replacement?

Certainly! Farmers provides new car replacement coverage, which includes covering the expenses to replace a completely damaged new vehicle with an identical make and model. This coverage applies to vehicles that are within the first two model years and have been driven for less than 24,000 miles.

Does Farmers Offer Gap Insurance?

Farmers does not provide loan or lease gap insurance, which covers the disparity between a car’s value and the amount owed in the event of a total loss or theft.

Does Farmers Offer a Diminishing Deductible?

No, Farmers does not offer a diminishing deductible option. Other insurance companies have programs that lower a policy’s deductible if there are no collision and comprehensive insurance claims for a specific period of time.

Does Farmers Offer SR-22s?

Certainly, Farmers have the capability to provide you with SR-22 insurance. Some states may mandate that high-risk drivers, such as individuals with multiple traffic violations, obtain an SR-22 certificate as evidence of possessing the necessary car insurance coverage for legal driving. SR-22 requirements vary by state, including the duration for which a driver must hold an SR-22.

Does Farmers Offer Usage-Based Insurance?

Certainly! Farmers offers a usage-based insurance program called Signal, which monitors a driver’s behavior through a smartphone app. By signing up for Signal, Farmers customers can receive a 5% discount and potentially save up to 15% at policy renewal for safe driving. Additionally, drivers under 25 may qualify for an extra discount of up to 10%. Those with a driving score of 80% or higher can also win monthly awards of up to $100. However, displaying risky driving behavior could lead to increased car insurance rates at the next renewal.

Does Farmers Offer Pay-Per-Mile Insurance?

Farmers does not offer a pay-per-mile car insurance program. Certain car insurance providers offer mileage-based insurance programs that involve a base rate and an additional per-mile charge. Individuals who do not use their vehicles frequently may find a pay-per-mile insurance program advantageous.

Does Farmers Offer Rideshare Insurance?

Farmers provides a rideshare insurance option known as Farmers Rideshare, which offers coverage to individuals driving for companies like Uber and Lyft. While the rideshare company provides insurance during the time from when a rider accepts a ride until the drop-off, there is typically a gap in coverage during other rideshare periods, such as waiting for a customer to accept a ride. This is the coverage gap that Farmers Rideshare addresses.

More About Farmers Car Insurance

Farmers Insurance provides insurance for cars, off-road vehicles, motorcycles, motorhomes, boats, and other vehicles. They also offer travel trailer and 5th-wheel trailer insurance for camping and other activities. Additional coverage types are also available.

  • Classic car insurance with guaranteed value coverage.
  • Customized equipment.
  • Glass deductible buyback.
  • Full windshield and glass coverage.
  • Loss of use.
  • Original equipment manufacturer (OEM) parts.
  • Rental car reimbursement.
  • Spare parts.
  • Towing and roadside service.

Farmers Car Insurance Discounts

Farmers Insurance provides numerous discounts, particularly for safe drivers, including:

Affinity discount: If you’re a member, employee or retiree of certain professional associations, businesses or occupational groups, you can receive a discount.

Alternative fuel discount: You can save up to 5% on all major coverage types for driving a hybrid or other alternative fuel vehicle.

Anti-lock brakes discount: A discount may apply if your car has factory-installed anti-lock brakes.

Anti-theft discount: If you have an anti-theft device, such as an alarm or protective device, on your car, you may be eligible for a discount.

Daytime running lights discount: You may save if your vehicle is equipped with daytime running lights.

Defensive driver discount: Also known as a mature driver or senior driver discount in some states, this discount is for drivers over age 55 who have completed a state-approved safe-driver training course in the last three years.

Distant student discount: You can save if your child is at least 100 miles away at school and doesn’t have access to your vehicles.

EFT discount: You can obtain a discount if you pay monthly and set up automatic payments.

ePolicy discount: You can save by enrolling in ePolicy and going paperless.

Good payer discount: If you have paid on time and not received late fees in the prior 12 months, you can save.

Good student discount: If you have a full-time high school or college student under age 25 with good grades (3.0 GPA, dean’s list, honor roll or top 20% of class), you could be eligible for reduced rates.

Homeowner discount: Receive a discount for owning your residence.

Homing device discount: If you have a Farmers-approved device that can track and locate your car if it’s stolen, you can earn this discount.

Military discount: An affinity discount can also be available if you’re in the military, including active duty, active reserves, retired or an honorably discharged veteran.

Multi-car discount: This discount is for insuring more than one vehicle with Farmers.

Multi-policy discount: Look for this discount when you bundle your home and auto insurance with Farmers. You can also save if you bundle a qualifying life, umbrella, specialty or small business insurance policy with your auto policy.

On your own discount: If you’re under age 29 and moving out on your own, you can save when buying your own Farmers policy. To earn this discount, you must have been part of a Farmers policy in your previous household (such as being on a parent’s policy) for at least the last 12 months.

Passive restraint discount: If your car comes with air bags or automatic seatbelts, you may receive a discount.

Pay in full discount: You can save by paying the full premium at the start of your policy.

Safe driver discount: Save money by maintaining a clean driving record.

Shared family car discount: You can save when there is a driver under age 20 and there are more drivers in your household than vehicles.

VIN etching discount: You can get a discount for having your VIN etched on glass (and other areas Farmers requests) as this can assist if the vehicle is stolen.

Youthful driver discount: If your policy has been in force for at least 12 months and has drivers under age 25 on it, you may get a youthful driver discount.

A Brief History of Farmers Insurance

In a small one-room office in downtown Los Angeles, John C. Tyler and Thomas E. Leavey founded Farmers Insurance a year prior to the Great Depression. Originally focused on providing auto insurance for farmers, the company has since evolved into a diverse insurance and financial services group, currently catering to over 10 million households with in excess of 19 million individual policies nationwide.

What States Does Farmers Car Insurance Operate In?

Farmers sells car insurance in 42 states. It is not available in:

  • Alaska
  • Delaware
  • Hawaii
  • Maine
  • New Hampshire
  • Rhode Island
  • Vermont
  • West Virginia

Is Farmers car insurance good?

Across every driver profile we analyzed, Farmers car insurance rates are more expensive than the national average. Whether you’re a good driver, a driver with a history of accidents or tickets or a driver with poor credit, you can expect to pay high prices for full coverage auto insurance from Farmers. Good drivers will pay an average of $3,093 a year or nearly $260 a month for a Farmers car insurance policy. That’s about 53% more than the average cost across all the providers we reviewed.

Farmers is notably expensive for young (18 to 25) and senior (65 to 80) drivers. Young adult drivers can expect to pay $5,225 a year, or $435 a month. That’s 41% more than the national average. Senior drivers pay an average of $3,199 a year — a 49% increase over the national average for drivers in this age group. Parents who are about to add a 16-year-old driver to their policy may want to switch to another provider if they have Farmers currently. Adding a new teen driver increases the annual premium by $1,900 a year, on average. See Farmers’ average rates in our Farmers auto insurance review below.

Farmers insurance rates may be high, but the provider sells some of the most customizable policies on the market. On top of that, Farmers Insurance receives a low level of customer complaints, according to the National Association of Insurance Commissioners (NAIC). Companies like USAA and Geico generate customer complaints more frequently.

Methodology

Identifying the ideal car insurance provider can be a daunting task, but evaluating each company based on specific criteria can make the process easier. Factors to consider include auto insurance rates, coverage options offered, complaints lodged against the company, and its collision repair process. By analyzing these factors, you can determine which companies provide the best value for your money and offer the level of protection that meets your needs. Additionally, reading reviews and seeking recommendations from friends and family members who have experience with a particular insurer can provide valuable insights into their customer service and claims handling processes.

Auto insurance rates (50% of score):

Data from Quadrant Information Services was utilized to determine the average rates for various driver profiles, including good drivers, those with a history of accidents, speeding tickets, DUIs, poor credit, lack of insurance, as well as the impact of adding a teen driver, senior drivers, and young drivers. Unless specified otherwise, the rates are based on a 40-year-old female driver with a Toyota RAV4 and specific coverage.

  • $100,000 for injuries to one person, $300,000 for injuries per accident and $100,000 of property damage (known as 100/300/100).
  • Uninsured motorist coverage of 100/300.
  • Collision and comprehensive insurance with a $500 deductible.

Car insurance coverage options (25% of score):

All auto insurance companies offer fundamental liability insurance, collision and comprehensive coverage, and other typical options. However, it’s crucial to have access to extra coverage options for increased protection and potential cost savings. We awarded points to companies in this category for providing accident forgiveness, new car replacement, vanishing deductibles, usage-based or pay-per-mile insurance, and SR-22s.

Complaints (20% of score)

Complaint data from the National Association of Insurance Commissioners was utilized for this analysis. Each state’s department of insurance is responsible for recording and overseeing complaints lodged against companies operating within their respective states. The majority of auto insurance complaints revolve around claims, such as unsatisfactory settlements, delays, and denials. Companies with a ratio below 1.00 experience lower levels of complaints, as the industry complaint average stands at 1.00.

Collision repair (5% of score)

We included evaluations of insurance companies by collision repair experts using data from CRASH Network, a weekly newsletter that focuses on the collision repair and auto insurance industries. The grades in CRASH Network’s Insurer Report Card were based on assessments by over 1,000 collision repair professionals to measure the quality of auto insurers’ collision claims service.

Summary

Farmers Car Insurance is a reliable and reputable insurance company that offers comprehensive coverage for your vehicle. With their competitive rates and excellent customer service, they have become a popular choice among car owners. Whether you’re looking for basic coverage or additional protection, Farmers Car Insurance has options to meet your needs. By choosing Farmers, you can have peace of mind knowing that your car is protected in the event of an accident or damage. To learn more about their insurance policies and get a quote, visit their website today.

Faqs 2024 Farmers Car Insurance Review

Is Farmers car insurance worth it?

Farmers car insurance did earn a mixed review. However, whether or not they’re worth it should depend on your policy quote and whether the company offers the services and coverages you want. Remember that car insurance is priced for the individual. So your Farmers rate may be very different than the state averages in our review.

How do I contact Farmers?

To get a Farmers quote, call 1-888-327-6335 or visit the Farmers website. You can also visit any of the agents who operate in 44 states and more than 120 cities in New Jersey. To file a claim with Farmers, call 1-800-435-7764, or visit the Farmers website or mobile app.

Does Farmers car insurance have a good reputation?

Farmers is a well-established insurance company, founded in 1928. Today it serves customers across the country and is one of the largest car insurers in the U.S. The company has an A rating from A.M. Best, which is based on their overall financial stability.

In multiple online reviews (including our own), Farmers is recognized as charging higher rates for car insurance. It also had low rankings in J.D. Power’s most recent studies of the car insurance industry. However, we also recognize the company as one that offers a long list of discounts, including some that are unique in the industry. And it offers choices in how to buy and manage a policy.

What is the AM best rating for farmers insurance 2023?

Flemington, NJ, September 12, 2023 — Farmers Insurance Company of Flemington announced today that its Financial Strength Rating (FSR) of A- Excellent has been affirmed by AM Best Rating Services, the world’s oldest and most authoritative insurance rating and information source.

Who merged with Farmers Insurance?

Why: As part of the acquisition of MetLife Auto & Home business by Farmers Insurance Group®, there is a contractual obligation to remove any and all references to MetLife®, Met, MetLife Auto & Home®, and Metropolitan.

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