Farmers Insurance Review for 2020
Headquartered in California, Farmers is one of the most popular car insurance providers in the US. Farmers provides a personal, local insurance agent for every customer. The company, which was founded in 1880, offers a wide selection of insurance options outside of home and auto. Let’s explore each of Farmers auto insurance products and see if one of the oldest insurance providers in the US is right for you.
Farmers car insurance coverage options
Farmers auto insurance coverage includes basic state-mandated coverages, as well as comprehensive and collision. Let’s explore some of Farmers' more unique coverage options.
Towing and roadside assistance coverage
Towing and roadside assistance coverage are optional insurance policy add-ons. With Farmers 24/7 roadside assistance coverage, you can get help under the following circumstances:
- Flat tire change
- Locksmith services
- Roadside winching
- Towing services to the nearest qualifying mechanic
- Police, fire, or medical assistance connection
If you’ve stayed accident-free for three years, Farmers will overlook your first at-fault accident.
Loss of use
If your vehicle isn’t driveable as a result of a covered loss, Farmers will reimburse you for expenditures related to cabs, public transit, or a rental vehicle. This is part of Farmers' collision or comprehensive coverage.
Car rental reimbursement
If your vehicle is deemed undrivable, this insurance coverage will pay for you to use a rental vehicle. This coverage applies for up to 30 days.
Customized equipment coverage
If you have modified your vehicle, you can add this coverage to replace these upgraded parts in the event of a covered loss. This coverage could protect add-ons like speakers or alloy wheels.
If you have a crack in your windshield, Farmers will help you replace or repair the damage.
Original equipment manufacturer
With this coverage, any new parts to your coverage will be replaced with the original manufactured parts. You must maintain collision and comprehensive coverages for this feature to apply, and your vehicle must be less than 10 years old.
If you’re driving for Lyft or Uber, Farmers strongly recommends adding rideshare insurance to your policy to ensure your vehicle is fully protected. This coverage will extend your Farmers coverage to the time you spend driving around, waiting for a ride request.
Farmers insurance discounts and reward programs
Farmers has a few state-specific discounts and rewards programs. Speak to a Farmers agent near you to see if these programs are available in your location.
If you have more than one Farmers policy, you can earn a multi-policy discount.
Good driver discount
If you’ve avoided collisions for three to five years, you could earn a discount on your Farmers auto policy.
Good student discount
If you or a driver on your policy has a GPA of 3.0 or better and is under the age of 25, you can earn a good student discount.
Depending on where you live, you can earn a small discount for your homeowner status with Farmers.
Certain occupations can receive a discount on a Farmers policy. Proof of occupation is usually required. Subject to state regulations.
Signal telematics program
Signal is Farmers' telematics program. This program uses a mobile app to gauge the way you drive and more accurately price your insurance premium. It looks at the frequency of hard braking, excessive speeds, and distracted driving habits to determine your premium. Signal by Farmers is not available in every location.
Farmers Insurance Group subsidiaries
Currently, Farmers owns a number of smaller insurance companies to diversify its product offerings. Below are a few of Farmers' most popular subsidiaries.
- 21st Century Insurance Company
- Foremost Insurance Company
- Bristol West Insurance Company
- Zurich Insurance Company
- Mid-Century Insurance Company
Additional Farmers Insurance Group products
Farmers offers a few additional lines of insurance.
- Homeowners insurance
- Life insurance
- Business insurance
- Recreational vehicle insurance
- Motorcycle insurance
- Umbrella insurance
- Pet insurance
- Renters insurance
Is Farmers car insurance right for you?
This isn’t a question we can answer for you. While Farmers does have excellent financial strength and JD Power ratings, it also suffers from an above-average number of client complaints. Your experience with Farmers Insurance may depend on your personal insurance agent.
The last aspect we did not mention in our Farmers review is the cost of the company's insurance premiums. Because insurance rates reflect your vehicle, your location, your driving record, and potentially even your credit score, it is difficult to give an accurate quote without these details.
The best way to find the lowest cost insurance policy is to compare Farmers' rates with those of other companies. Enter your ZIP code below to get started.